Document:

Exhibit 4.12

 

Execution Copy

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of June 8, 2018

 

by and between

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-1 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-2 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-3 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-4 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-5 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-6 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-7 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note B-1 Holder)

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note B-2 Holder)

 

TriBeCa House

 

     

     

    

  

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of June 8, 2018, is made by and between DEUTSCHE BANK AG, NEW YORK BRANCH
(“DB” and, together with its successors and assigns in interest, in its capacity as initial owner of Note
A-1, the “Initial Note A-1 Holder”, and in its capacity as the initial agent, the “Initial Agent”),
DB, in its capacity as initial owner of Note A-2 (the “Initial Note A-2 Holder”), DB, in its capacity as initial
owner of Note A-3 (the “Initial Note A-3 Holder”), DB, in its capacity as initial owner of Note A-4 (the “Initial
Note A-4 Holder”), DB, in its capacity as initial owner of Note A-5 (the “Initial Note A-5 Holder”),
DB, in its capacity as initial owner of Note A-6 (the “Initial Note A-6 Holder”), DB, in its capacity as initial
owner of Note A-7 (the “Initial Note A-7 Holder”), DB, in its capacity as initial owner of Note B-1 (the “Initial
Note B-1 Holder”), and DB, in its capacity as initial owner of Note B-2 (the “Initial Note B-2 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein) DB originated a certain loan described on the schedule attached hereto as Exhibit
A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to 50 Murray Street Acquisition
LLC, (the “Mortgage Loan Borrower”), which was evidenced, inter alia, by (i) one promissory note in the
original principal amount of $50,000,000 (“Note A-1”) made by the Mortgage Loan Borrower in favor of the Initial
Note A-1 Holder, (ii) one promissory note in the original principal amount of $30,000,000 (“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 $30,000,000 (“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 $30,000,000 (“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 $20,000,000 (“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 $20,000,000 (“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 $10,000,000 (“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
$37,000,000 (“Note B-1”) made by the Mortgage Loan Borrower in favor of the Initial Note B-1 Holder, and
(ix) one promissory note in the original principal amount of $30,000,000 (“Note B-2”, and together with
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7 and Note B-1, the “Notes”) made by the
Mortgage Loan Borrower in favor of the Initial Note B-2 Holder, and secured by a first mortgage (as amended, modified or supplemented,
the “Mortgage”) on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged
Property”); and

 

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note B-1 and Note B-2;

 

     

     

    

 

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

 

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

 

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

 

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable out-of-pocket expenses incurred by
and reimbursable to any Servicer, Trustee, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating
solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the
terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead
Securitization Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is
payable solely during the period that the Mortgage Loan is a Specially Serviced Loan) shall not exceed an amount equal to 0.25%
per annum of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent)
shall not exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition
of the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment, and (v) any such workout fee or liquidation fees shall be excluded if Note A-1,
Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note B-1 and Note B-2
are purchased within ninety (90) days of the date on which the first Noteholder Purchase Notice was given by a Subordinate Noteholder.

 

“Advance Interest
Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement or the Non-Lead Securitization
Servicing Agreement, as applicable.

 

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or the Non-Lead Securitization Servicing Agreement, as applicable (but for purposes hereof shall be limited to Advances in respect
of the Mortgage Loan or the Mortgaged Property).

 

“Affiliate”
shall mean with respect to any specified Person (i) any other Person Controlling or Controlled by or under common Control
with such specified Person (each a “Common Control Party”), (ii) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (iii) any other Person in which such Person or a Common
Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests.

 

    2 

     

    

 

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Securitization Date shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall mean
the Trustee.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“BNK8 PSA”
shall mean the pooling and servicing agreement for the BANK 2017-BNK8 transaction,
dated as of November 1, 2017, among Morgan Stanley Capital I Inc., as depositor, Wells Fargo Bank, National Association, as general
master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as general special servicer, National Cooperative
Bank, N.A., as NCB master servicer and as NCB special servicer, Wells Fargo Bank, National Association, as certificate administrator,
Wilmington Trust, National Association, as trustee, and Park Bridge Lender Services LLC, a, as operating advisor and asset representations
reviewer, subject to such changes required by the mortgage loan sellers in connection with the execution of the Servicing Agreement.

 

“Borrower Party”:
A borrower, a mortgagor, a manager of a Mortgaged Property, Restricted Mezzanine Holder or any Borrower Party Affiliate.

 

    3 

     

    

 

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

 

“Business Day”
shall have the meaning assigned to such term in the Servicing Agreement or the Non-Lead Securitization Servicing Agreement, as
applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    4 

     

    

 

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

 

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

 

(b)           25% of the remainder of (i) the Initial Note B-1 Principal Balance and the Initial Note B-2 Principal
Balance less (ii) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the
Note B-1 Holder and the Note B-2 Holder on Note B-1 and Note B-2, respectively, after the
date of creation of Note B-1 and Note B-2,

 

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

 

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

 

“Controlling
Noteholder” shall mean as of any date of determination (i) the holder or holders of a majority of Note B (by Principal
Balance), unless a Control Appraisal Period has occurred and is continuing and (ii) if and for so long as a Control Appraisal Period
has occurred and is continuing, the Note A-1 Holder; provided that at any time the Note A-1 Holder is the Controlling Noteholder
and Note A-1 is included in the Note A-1 Securitization, references to the “Controlling Noteholder” herein shall mean
the Controlling Class Representative or any other party assigned the rights to exercise the rights of the “Controlling Noteholder”
hereunder, as and to the extent provided in the Servicing Agreement; and provided further that, if the Note B Holders would
be the Controlling Noteholder pursuant to the terms hereof, but any interest in Note B-1 or Note B-2, respectively,
is held by the Mortgage Loan Borrower or a Borrower Party, or the Mortgage Loan Borrower or a Borrower Party would otherwise be
entitled to exercise the rights of the Controlling Noteholder in respect of Note B-1 or Note B-2, respectively,
then a Control Appraisal Period shall be deemed to have occurred. The holder of a majority of Note B is the Controlling Noteholder
as of the Closing Date.

 

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

 

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

 

“DBJPM C6 PSA”
shall mean the pooling and servicing agreement for the DBJPM 2017-C6 Mortgage Trust transaction, dated as of June 1, 2017, between
Deutsche Mortgage & Asset Receiving Corporation, as depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as master servicer and special servicer, Wells Fargo Bank, National

 

    5 

     

    

 

Association,
as trustee, certificate administrator, paying agent and custodian, and Pentalpha Surveillance LLC, as operating advisor and asset
representations reviewer, subject to such changes required by the mortgage loan sellers in connection with the execution of the
Servicing Agreement.

 

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

 

“Defaulted
Mortgage Loan Purchase Price” shall mean, in connection with the purchase of Note A-1, Note A-2, Note A-3, Note A-4,
Note A-5, Note A-6 and Note A-7 by the Note B Holders, the sum, without duplication, of each of the following to the extent that
such amounts have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this Agreement: (a) the
aggregate Principal Balance of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7, (b) accrued and unpaid
interest, on 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 and the Note A-7 Principal Balance, at the Note
A Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest
accrual period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under
the Mortgage Loan to 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 and the Note A-7 Holder, other than Prepayment Premiums, default interest, late fees, exit fees and any other similar
fees, provided that if the Mortgage Loan Borrower or a Borrower Party is the purchaser, the Defaulted Mortgage Loan Purchase
Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, (d) without duplication
of amounts under clause (c), any unreimbursed Advances and any expenses incurred in enforcing the Mortgage Loan Documents
(including, without limitation, Property Protection Advances payable or reimbursable to any Servicer, and special servicing fees
incurred by or on behalf of the Note A-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 or the Note A-7 Holder), (e) without duplication of amounts under clause (c), any accrued and unpaid
Advance Interest Amount with respect to an Advance made by or on behalf of the Note A-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 or the Note A-7 Holder, (f) (x) (I) if the Mortgage Loan
Borrower or a Borrower Party is the purchaser or (y) (II) if the Mortgage Loan is purchased more than ninety (90) days after such
option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under
the Servicing Agreement with respect to the Mortgage Loan or (y) if the Mortgage Loan is purchased more than 120 days after such
option first becomes exercisable pursuant to Section 12 of this Agreement, any default interest on each of the Note A-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 and the Note A-7 Principal Balance at the Note A Rate from the date as to which
interest was last paid in full by Mortgage Loan Borrower and (g) any Recovered Costs not reimbursed previously to 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 or the Note
A-7 Holder pursuant to this Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from the Mortgage
Loan Borrower or a Borrower Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses
(d) through (f) of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining
the Defaulted Mortgage Loan Purchase Price, interest will be deemed to continue to accrue on each of Note A-1, Note A-2, Note A-3,
Note A-

 

    6 

     

    

 

4,
Note A-5, Note A-6 and Note A-7 at the Note A Default Rate as if the Mortgage Loan were not so converted. In no event shall the
Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Initial Note
A-1 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
A-2 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

    7 

     

    

 

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

 

“Initial Note
A-3 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
A-4 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
A-5 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
A-6 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
A-7 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
B-1 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

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

 

“Initial Note
B-2 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Noteholders”
shall mean, collectively, 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 B-1 Holder
and the Initial Note B-2 Holder.

 

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other
insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution
of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage
Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver
or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning

 

    8 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Lead Securitization”
shall mean (a) during the period from and after the Securitization Date and prior to the Note A-1 Securitization Date, the
related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note A-1 Securitization Date,
the Note A-1 Securitization.

 

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

 

“Lead Securitization
Note” shall mean (a) during the period from and after the Securitization Date and prior to the Note A-1 Securitization
Date, the related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note A-1 Securitization
Date, Note A-1.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean the (i) during the period from and after the Securitization Date and prior to the
Note A-1 Securitization Date, the related pooling and servicing agreement for the Securitization of the first Note or portion thereof,
and (ii) on and after the Note A-1 Securitization Date, Note A-1 PSA.

 

    9 

     

    

 

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

 

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

 

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

 

“Major Decisions”
shall mean:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    10 

     

    

 

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

 

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

 

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

 

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

 

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

 

(xiii)        any determination of an Acceptable Insurance Default;

 

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

 

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

 

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

 

    11 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Midland”
shall have the meaning set forth in Section 2(e)(v).

 

“Model PSA”
shall mean, prior to the Note A-1 Securitization,
the BNK8 PSA, and from and after the Note A-1 Securitization, the
DBJPM C6 PSA.

 

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

 

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

 

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

 

    12 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of February 21, 2018, as amended by that certain Omnibus Amendment
to Loan Documents and Consent and Reaffirmation (Mortgage), between the Mortgage Loan Borrower and Lender, as the same may be further
amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
A Noteholder” shall mean a 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 or the Note A-7 Holder that is not the Controlling Noteholder.

 

“Non-Controlling
Note” shall mean the respective Note held by a Non-Controlling Noteholder.

 

“Non-Controlling
Noteholder” shall mean a Noteholder that is not the Controlling Noteholder; provided that, if at any time a Non-Controlling
Note (or, at any time a Non-Controlling Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative)
is held by the Mortgage Loan Borrower or a Borrower Party, no Person shall be

 

    13 

     

    

 

entitled
to exercise the rights of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization
Note” shall mean each of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 other than the Lead
Securitization Note.

 

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

 

    14 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note”
shall mean any of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note B-1 and Note B-2,
as applicable.

 

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

 

“Note A Holders”
shall mean 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 and the Note A-7 Holder.

 

“Note A Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note A-1 Principal
Balance, the Note A-2 Principal Balance,

 

    15 

     

    

 

the
Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and
the Note A-7 Principal Balance, and the denominator of which is the sum 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 B-1 Principal Balance and the Note B-2 Principal Balance.

 

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

 

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

 

“Note A-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, together with its successors and assigns.

 

“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 Sections 3, 4 or 5, as applicable.

 

“Note A-1 PSA”
shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note A-1, by and between
(a) the Trustee, (b) the Master Servicer, (c) the Special Servicer, (d) the Depositor, (e) the Certificate Administrator, (f) the
Operating Advisor and (g) the Asset Representations Reviewer.

 

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

 

“Note A-1 Securitization
Date” shall mean the effective date on which the Securitization of Note A-1 or portion thereof is consummated.

 

“Note A-1 Securitization
Trust” shall mean a trust formed pursuant to the Note A-1 Securitization pursuant to which Note A-1 is held.

 

“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, together with its successors and assigns.

 

“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 Sections 3, 4 or 5, as applicable.

 

    16 

     

    

 

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

 

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

 

“Note A-2 Securitization
Trust” shall mean a trust formed pursuant to Note A-2 Securitization pursuant to which Note A-2 is held.

 

“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, together with its successors and assigns.

 

“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 Sections 3, 4 or 5, as applicable.

 

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

 

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

 

“Note A-3 Securitization
Trust” shall mean a trust formed pursuant to Note A-3 Securitization pursuant to which Note A-3 is held.

 

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

 

“Note A-4 Holder”
shall mean the Initial Note A-4 Holder, or any subsequent holder of Note A-4, together with its successors and assigns.

 

“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 Sections 3, 4 or 5, as applicable.

 

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

 

“Note A-4 Securitization”
shall mean the sale by the Note A-4 Holder of all of such Note (or the first securitization of any portion of such Note, if applicable)
to the applicable

 

    17 

     

    

 

depositor,
who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

 

“Note A-4 Securitization
Trust” shall mean a trust formed pursuant to Note A-4 Securitization pursuant to which Note A-4 is held.

 

“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, and any successor in interest, or any subsequent holder of Note A-5.

 

“Note A-5 Principal
Balance” shall mean, 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 or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note A-5 PSA”
shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note A-5.

 

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

 

“Note A-5 Securitization
Trust” shall mean a trust formed pursuant to Note A-5 Securitization pursuant to which Note A-5 is held.

 

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

 

“Note A-6 Holder”
shall mean the Initial Note A-6 Holder, and any successor in interest, or any subsequent holder of Note A-6.

 

“Note A-6 Principal
Balance” shall mean, 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 or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note A-6 PSA”
shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note A-6.

 

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

 

“Note A-6 Securitization
Trust” shall mean a trust formed pursuant to Note A-6 Securitization pursuant to which Note A-6 is held.

 

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

 

    18 

     

    

 

“Note A-7 Holder”
shall mean the Initial Note A-7 Holder, and any successor in interest, or any subsequent holder of Note A-7.

 

“Note A-7 Principal
Balance” shall mean, 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 or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note A-7 PSA”
shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note A-7.

 

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

 

“Note A-7 Securitization
Trust” shall mean a trust formed pursuant to Note A-7 Securitization pursuant to which Note A-7 is held.

 

“Note B”
shall mean, collectively, Note B-1 and Note B-2.

 

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

 

“Note B Holders”
shall mean the Note B-1 Holder and the Note B-2 Holder.

 

“Note B Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note B-1 Principal
Balance and the Note B-2 Principal Balance and the denominator of which is the sum 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 B-1 Principal Balance and the Note B-2 Principal Balance.

 

“Note B Principal
Balance” shall mean, at any time of determination, the sum of the Note B-1 Principal Balance and the Note B-2 Principal
Balance.

 

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

 

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

 

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

 

“Note B-1
Holder” shall mean the Initial Note B-1-A Holder, and any successor in interest, or any subsequent holder of
Note B-1-A.

 

“Note B-1 Principal
Balance” shall mean, at any time of determination, the Initial Note B-1 Principal Balance set forth on the Mortgage Loan
Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

    19 

     

    

 

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

 

“Note B-2
Holder” shall mean the Initial Note B-2 Holder, and any successor in interest, or any subsequent holder of Note B-2.

 

“Note B-2 Principal
Balance” shall mean, at any time of determination, the Initial Note B-2 Principal Balance set forth on the Mortgage Loan
Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note Default
Interest Spread” (a) with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser
of (i) the Maximum Legal Rate or (ii) four percent (4%) above the Note Rate applicable to such Note or (b) with respect
to any Other Obligations other than the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the
Maximum Legal Rate or (ii) 8.1878%.

 

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

 

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

 

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

 

“Noteholder”
shall mean any of the Note A-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 B-1 Holder and the Note B-2 Holder, as
applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    20 

     

    

 

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

 

“Principal
Balance” shall mean any of the Note A-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 B-1 Principal Balance and the Note B-2 Principal Balance, as applicable.

 

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

 

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

 

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

 

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

 

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

 

(b)  
one or more of the following:

 

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

 

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

 

(iii)          a Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a)
a securitization of, (b) the creation of collateralized debt obligations (“CDO”) secured by, or (c) a financing
through an “owner trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade
by each of the Rating Agencies which assigned a rating to one or more classes of securities issued in connection with such securitization
(it being understood that with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization
Vehicle, a Rating Agency

 

    21 

     

    

 

Confirmation
will not be required in connection with a transfer of such Note to such Securitization Vehicle); (2) in the case of a Securitization
Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required Special Servicer Rating or is otherwise
acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved Servicer”) and such
Approved Servicer is required to service and administer such Note in accordance with servicing arrangements for the assets held
by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing standard notwithstanding
any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle that is a CDO, the
CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by a CDO Asset Manager
which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (i), (ii), (iii),
(iv) or (v) of this definition, or

 

(iv)         an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital
commitments of at least $500,000,000, in which (A) the Note A-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 B-1 Holder or the Note B-2 Holder, as
applicable, (B) a person that is otherwise a Qualified Institutional Lender under clause (i), (ii) or (v)
(with respect to an institution substantially similar to the entities referred to in clause (i) or (ii) above),
or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager responsible for the day-to-day
management and operation of such investment vehicle and provided that at least 50% of the equity interests in such investment
vehicle are owned, directly or indirectly, by one or more entities that are otherwise Qualified Institutional Lenders (without
regard to the capital surplus/equity and total asset requirements set forth below in the definition), or

 

(v)          an entity substantially similar to any of the foregoing, and in the case of any entity referred to in clause (b)(i),
(b)(ii), (b)(iii)(a), (b)(iv)(B) or (b)(v) of this definition, (x) such entity has at least $200,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm, asset manager or similar
fiduciary) and at least $500,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business
of making or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with
respect thereto) or owning junior CMBS securities or owning or operating commercial real estate properties; provided that, in
the case of the entity described in clause (iv) (B) above, the requirements of this clause (y) may be satisfied
by a general partner, managing member, or the fund manager responsible for the day-to-day management and operation of such entity,
or

 

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

 

    22 

     

    

 

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

 

(d)  
Prima Capital Advisors LLC, Prima Mortgage Investment Trust, LLC, New York State Teachers’ Retirement System, and
any other Person for so long as such Person’s investment in the applicable Notes is managed by Prima Capital Advisors LLC
(a “Prima Managed Person”).

 

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

 

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

 

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA, (f) Morningstar or, (g) if any of such entities
shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical
rating agency reasonably designated by the Depositor or Non-Lead Depositor to rate the securities issued in connection with the
Securitization of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7, respectively; provided, however,
that, at any time during which any of Note A-1 is an asset of the Note A-1 Securitization, Note A-2 is an asset of the Note A-2
Securitization, Note A-3 is an asset of the Note A-3 Securitization, Note A-4 is an asset of the Note A-4 Securitization, Note
A-5 is an asset of the Note A-5 Securitization, Note A-6 is an asset of the Note A-6 Securitization or Note A-7 is an asset of
the Note A-7 Securitization, “Rating Agencies” or “Rating Agency” shall mean with respect to Note A-1,
Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7 each and every of those rating agencies that are engaged by the Depositor
or any Non-Lead Depositor from time to time to rate the securities issued in connection with the Note A-1 Securitization, Note
A-2 Securitization, Note A-3 Securitization, Note A-4 Securitization, Note A-5 Securitization, Note A-6 Securitization or Note
A-7 Securitization but excluding any of those rating agencies that do not rate any securities issued in connection with any Securitization
of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7.

 

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

 

    23 

     

    

 

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

 

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

 

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

 

“Relative Spread”
shall mean any of the Note A Relative Spread or the Note B Relative Spread, as the context may require.

 

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

 

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

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of either “CSS3”
or “CLLSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S.
Commercial Mortgage Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for
one or more loans included in a commercial mortgage-backed securitization that was rated by Moody’s within the twelve (12)
month period prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any
class of commercial mortgage securities or placed any class of commercial mortgage-backed securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, either (a) the
applicable replacement has a special servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar)
or (b) if not ranked by Morningstar, is currently acting as a special servicer on a deal or transaction-level basis for all or
a significant portion of the related mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Morningstar,
Fitch, DBRS or KBRA and the trustee does not have actual knowledge that Morningstar has, and the replacement special servicer certifies
that Morningstar has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings
on one or more classes of such CMBS transaction citing servicing concerns of the applicable replacement as the sole or 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

 

    24 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Securitization
Date” shall mean the effective date on which the Securitization of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5,
Note A-6 or Note A-7 or portion thereof is consummated.

 

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

 

    25 

     

    

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1, Note A-2, Note A-3, Note A-4,
Note A-5, Note A-6 or Note A-7 is held.

 

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

 

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any
other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage
Loan to become a Specially Serviced Mortgage Loan, or any bankruptcy or insolvency event that constitutes an Event of Default;
provided, however, that unless the Servicer has notice or knowledge of such event at least ten (10) Business Days
prior to the applicable distribution date, distributions will be made sequentially beginning on the subsequent distribution date;
provided, further, that the aforementioned requirement of notice or knowledge will not apply in the case of distribution
of the final proceeds of a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist
to the extent it has been cured (including any cure payment made by the Note B Holders in accordance with Section 11)
and shall not be deemed to exist to the extent the Note B Holders are exercising their cure rights under Section 11 or the
default that led to the occurrence of such Sequential Pay Event has otherwise been cured or waived.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Special Servicer”
shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement. The parties hereby agree that
AEGON USA Realty Advisors, LLC will be appointed as the initial Special Servicer under the Note A-1 Securitization.

 

    26 

     

    

 

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

 

“Subordinate
Note” shall mean each of Note B-1 and Note B-2.

 

“Subordinate
Noteholder” shall mean each of the Note B-1 Holder and the Note B-2 Holder.

 

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

 

“Threshold
Event Collateral” shall have the meaning assigned to such term in Section 5(g).

 

“Threshold
Event Cure” shall have the meaning assigned to such term in Section 5(g).

 

“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repurchase financing or a Pledge in accordance with Section 19(e)).

 

“Trustee”
shall mean the trustee appointed pursuant to the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

Section 2.               
Servicing.

 

(a)   
Each Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to
this Agreement and (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A-1
Holder and (ii) after the Lead Securitization Date, the Servicing Agreement; provided that the Master Servicer shall not
be

 

    27 

     

    

 

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

 

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

 

(c)   
The Lead Securitization Servicing Agreement shall, unless otherwise agreed to by the Controlling Noteholder, contain servicing
provisions substantially similar in all material respects to the servicing provisions of the Model PSA. In no event may the Servicing
Agreement change the interest allocable to, or the amount of any payments due to, any Subordinate Noteholder or materially
increase any Subordinate Noteholder’s obligations or materially decrease any Subordinate Noteholder’s rights, remedies
or protections hereunder or otherwise adversely affect any Subordinate Noteholder’s rights hereunder.

 

(d)  
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Lead Securitization Servicing

 

    28 

     

    

 

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

 

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

 

    29 

     

    

 

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

 

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

 

    30 

     

    

 

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

 

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

 

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

 

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

 

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

 

(iv)         the Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be materially
adverse to such Non-Lead Noteholder or would materially adversely affect the Mortgage Loan or any Non-Lead Noteholder’s
rights with respect thereto or would alter any term that is defined herein by reference to the Servicing Agreement in a manner
that is materially adverse to a Non-Lead Noteholder;

 

(v)          the Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan
by the earlier of (x) the closing of the Note A-1 Securitization or (y) the Mortgage Loan becoming a Specially Serviced Loan under
any other Servicing Agreement; provided, however, that such Special Servicer has the Required Special Servicer Rating
of, or otherwise be acceptable to, each of the Rating Agencies rating each Securitization;

 

(vi)         the Master Servicer or Trustee shall be required to provide written notice to the Non-Lead Master Servicer and the Non-Lead
Trustee of any P&I Advance it has made

 

    31 

     

    

 

with
respect to the Lead Securitization Note within two (2) Business Days of making such advance;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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the
Lead Securitization Servicing Agreement in an EDGAR-compatible format, and (y) the Master Servicer and Special Servicer (or any
replacement Master Servicer or Special Servicer, as applicable) shall, upon reasonable prior written request, and subject to the
right of the Master Servicer or the Special Servicer, as the case may be, to review and approve such disclosure materials, permit
a holder of the Non-Lead Securitization Note to use such party’s description contained in the Lead Securitization prospectus
(updated as appropriate by the Master Servicer or Special Servicer, as applicable, at the cost of the Non-Lead Sponsor) or contained
in a Lead Securitization Form 8-K), for inclusion in the disclosure materials or a Form 8-K relating to any securitization of
the Non-Lead Securitization Note, and (z) the Master Servicer and the Special Servicer (or any replacement Master Servicer or
Special Servicer, as applicable), shall provide indemnification agreements, opinions and Regulation AB compliance letters as were
or are being delivered with respect to the Lead Securitization (in each case, at the cost of the Non-Lead Sponsor), and (c) in
connection with any amendment of the Lead Securitization Servicing Agreement, the Depositor shall provide written notice (which
may be by email) of such proposed amendment to the Non-Lead Depositor and the Non-Lead Trustee no later than three (3) Business
Days prior to the date of effectiveness of such amendment, and, on the date of effectiveness of such amendment to the Lead Securitization
Servicing Agreement, provide a copy of such amendment in an EDGAR-compatible format to the Non-Lead Depositor and the Non-Lead
Trustee. The Master Servicer and the Special Servicer shall each be required to provide certification and indemnification to any
Certifying Person with respect to any applicable Sarbanes-Oxley Certification with respect to a Non-Lead Securitization;

 

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

 

(xv)         any late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to the Non-Lead Master Servicer or the Non-Lead Trustee shall be remitted by the Master Servicer to the Non-Lead
Master Servicer or the Non-Lead Noteholder, as applicable, within two (2) Business Days of receipt of properly identified funds;
provided, however, that in the event the Master Servicer is in receipt of properly identified funds that are not
available to the

 

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Master
Servicer, the Master Servicer may instead remit such amounts on the same Business Day that such properly identified funds become
available to the Master Servicer;

 

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

 

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

 

(xviii)     Servicer Termination Events with respect to the Master Servicer and the Special Servicer shall include: (i) solely with
respect to the Master Servicer, the failure to timely remit payments to a Non-Lead Noteholder, which failure continues unremedied
for one (1) Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within two (2) Business Days after the date
such deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related
Companion Distribution Account, as applicable, any amount required to be so remitted by the Special Servicer within one (1) Business
Day after the date such remittance was to be made; (iii) solely with respect to the Special Servicer, the failure to maintain
the Required Special Servicer Rating or to be otherwise acceptable to each Rating Agency rating a Securitization, which failure
continues unremedied for a period of sixty (60) days following actual knowledge thereof by the Special Servicer; (iv) the qualification,
downgrade or withdrawal, or placing on “watch status” in contemplation of a rating downgrade or withdrawal of the
ratings of any class of certificates issued in connection with the Non-Lead Securitization by the Rating Agencies rating such
securities (and such qualification, downgrade, withdrawal or “watch status” placement shall not have been withdrawn
by such rating agencies within sixty (60) days of actual knowledge of such event by the Master Servicer or the Special Servicer,
as the case may be), and publicly citing servicing concerns with the Master Servicer or Special Servicer, as applicable, as the
sole or a material factor in such rating action; and (v) the failure to provide to a Non-Lead Securitization Noteholder (if and
to the extent required under the related Non-Lead Securitization) reports required under the Exchange Act, and the rules and regulations
thereunder, in a timely fashion. Upon the occurrence of such a Servicer Termination Event (A) with respect to the Master Servicer
affecting any Non-Lead Noteholder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing
Agreement, the Trustee shall, upon the direction of any Non-Lead Noteholder, appoint a sub-servicer solely with respect to the
Mortgage Loan (or if the Mortgage Loan is currently being sub-serviced, to replace the current sub-servicer, but only if such
original sub-servicer is in default under the related sub-servicing agreement); and (B) the appointment (or replacement) of a
sub-servicer with respect to the Mortgage Loan, as contemplated in clause (A) above, will in any event be subject to written confirmation
from each Rating

 

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Agency
that such appointment would not, in and of itself, cause a downgrade, qualification or withdrawal of the then-current ratings
assigned to the securities issued in connection with any Securitization. Upon the occurrence of a Servicer Termination Event with
respect to the Special Servicer affecting a Non-Lead Noteholder and the Special Servicer is not otherwise terminated pursuant
to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of a Non-Lead Noteholder, terminate the Special
Servicer with respect to, but only with respect to, the Mortgage Loan;

 

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

 

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

 

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

 

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

 

(i)           
such Non-Lead Securitization Noteholder shall be responsible for its pro rata share of any Nonrecoverable Property
Protection Advances (and advance interest thereon) and any additional trust fund expenses, but only to the extent that they relate
to servicing and administration of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing
Fees, Liquidation Fees and Workout Fees relating to the Notes, and that in the event that the funds received with respect to the
Notes are insufficient

 

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to
cover such Property Protection Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer will be required to,
promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee or the Lead Securitization Trust, as applicable, out of general funds in
the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead
Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection Advances (together with
advance interest thereon) and/or other additional trust fund expenses (including compensation due to the Master Servicer and the
Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property), and
(B) if the Lead Securitization Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee to reimburse itself from the Lead Securitization Trust’s general account, then the Master Servicer, the Special
Servicer, the Certificate Administrator or the Trustee, as applicable, may do so, and the Non-Lead Master Servicer will be required
to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization
Trust out of general funds in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing
Agreement for the Non-Lead Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection
Advances (together with advance interest thereon) and/or additional trust fund expenses (including compensation due to the Master
Servicer and the Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged
Property);

 

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

 

(iii)          the Non-Lead Master Servicer, Non-Lead Trustee or Non-Lead Certificate Administrator will be required to deliver to the
Trustee, the Certificate Administrator, the Special Servicer, the Master Servicer and the Operating Advisor (i) promptly following
the Non-Lead Securitization, notice of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice
may be (x) in the form of delivery (which may be by email) of a copy of the Non-Lead Securitization Servicing Agreement, or (y)
by email notification together with contact information for the Non-Lead Trustee, the Non-Lead Certificate Administrator, the
Non-Lead Master Servicer, the Non-Lead Special Servicer and the party designated to exercise the rights of 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 or the Note A-7 Holder,

 

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as
applicable, as a “Non-Controlling Noteholder” or “Non-Controlling A Noteholder” under this Agreement),
accompanied by a copy of the executed Non-Lead Securitization Servicing Agreement, and (ii) notice of any subsequent change in
the identity of the Non-Lead Master Servicer, the Non-Lead Trustee or the party designated to exercise the rights of 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 or the Note A-7 Holder, as applicable,
as a “Non-Controlling Noteholder” or “Non-Controlling A Noteholder” under this Agreement (together with
the relevant contact information) (which may be in the form of email delivery of a copy of any revised Non-Lead Securitization
Servicing Agreement); and

 

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

 

(g)  
Each Lead Securitization Noteholder shall:

 

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

 

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

 

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

 

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

 

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

 

(k)  
Subject to the Servicer’s obligation to act in accordance with the Servicing Standard and subject to a Rating Agency
Confirmation, and solely in the event that S&P rates any securities issued in connection with any Securitization of any of
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7, the Servicer shall require the related Mortgage Loan Borrower
to maintain insurance with an insurer meeting the minimum S&P ratings requirements specified in the related Mortgage Loan Documents
(and, for the avoidance of doubt, without regard to any Lender discretion with respect to such ratings in the related Mortgage
Loan Documents).

 

Section 3.          Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. Note B-1 and Note B-2 and
the respective rights of the Note B-1 Holder and the Note B-2 Holder to receive payments of interest, principal and other
amounts with respect to such Note B-1 and Note B-2, respectively, shall at all times be junior, subject and subordinate
to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 and the respective rights of 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 and the Note A-7 Holder to
receive payments of interest, principal and other amounts with respect to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note
A-6 and Note A-7, respectively, as and to the extent set forth herein. If no Sequential Pay Event shall have occurred and be continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with
the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments,
the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing
the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required to be applied

 

    39 

     

    

 

to
the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of
the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves
or escrows required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents)
to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of Advances then due and payable
or reimbursable to the Servicer under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to
any Servicer (excluding master servicing fees, trustee fees, certificate administrator fees, operating advisor fees and asset
representations reviewer fees, all of which shall be payable by each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3
Holder, Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder and the Note A-7 Holder to such parties out of distributions
made to them in respect of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7, respectively), with respect
to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated by clauses (x) and (y), “Withheld
Amounts”), shall be distributed by the Master Servicer in the following order of priority without duplication (and payments
shall be made at such times as are set forth in the Servicing Agreement):

 

(a)   
first, to the Note A-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 and the Note A-7 Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on 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 and the Note A-7 Principal
Balance, respectively, at the Net Note A Rate;

 

(b)  
second, to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, Note A-4 Holder, the Note A-5 Holder, the
Note A-6 Holder and the Note A-7 Holder, pro rata (based on 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
and the Note A-7 Principal Balance) in an aggregate amount equal to the sum of (x) the Note A Percentage Interest of all principal
payments received (other than principal payments related to Insurance and Condemnation Proceeds that the Mortgage Loan Borrower
is required to pay to the Noteholders on a sequential basis), if any, with respect to such Monthly Payment Date with respect to
the Mortgage Loan and (y) any Insurance and Condemnation Proceeds received, if any, with respect to such Monthly Payment Date with
respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders, until the 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 and the Note A-7 Principal Balance has been reduced to zero

 

(c)   
third, to 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 and the Note A-7 Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed
out-of-pocket costs and expenses paid by such Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder,
Note A-6 Holder and Note A-7 Holder including any Recovered Costs not previously reimbursed by the Mortgage Loan Borrower (or paid
or advanced by any Servicer on its behalf and not previously paid or reimbursed to such Servicer) with respect to the Mortgage
Loan pursuant to this Agreement or the Servicing Agreement;

 

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(d)  
fourth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(c) and, as a result of a Workout the aggregate
Principal Balance of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 has been reduced, such excess amount
shall be paid to 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 and the Note A-7 Holder pro rata (based on 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 and
the Note A-7 Principal Balance) in an aggregate amount up to the reduction, if any, 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 and the Note A-7 Principal Balance as a result of such Workout, plus interest on such aggregate amount at
the related Note A Rate;

 

(e)   
fifth, to the extent the Note B-1 Holder and the Note B-2 Holder have made any payments or advances to cure
defaults pursuant to Section 11, to reimburse such Note B-1 Holder and Note B-2 Holder for all such cure payments;

 

(f)   
sixth, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on their respective entitlements
to interest) in an amount equal to the accrued and unpaid interest on the Note B-1 Principal Balance and the Note B-2 Principal
Balance, respectively, at the Net Note B Rate;

 

(g)  
seventh, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal
Balance and the Note B-2 Principal Balance) in an aggregate amount equal to the sum of (x) the Note B Percentage Interest of
all principal payments received (other than principal payments related to Insurance and Condemnation Proceeds that the Mortgage
Loan Borrower is required to pay to the Noteholders on a sequential basis), if any, with respect to such Monthly Payment Date with
respect to the Mortgage Loan and (y) any Insurance and Condemnation Proceeds received, if any, with respect to such Monthly Payment
Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders remaining after
giving effect to the allocations in clause (b) above, until the Note B-1 Principal Balance and the Note B-2 Principal
Balance have been reduced to zero;

 

(h)  
eighth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(g) and, as a result of a Workout the aggregate
Principal Balance of Note B-1 and Note B-2 has been reduced, such excess amount shall be paid to the Note B-1 Holder
and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and the Note B-2 Principal Balance)
in an aggregate amount up to the reduction, if any, of the Note B-1 Principal Balance and the Note B-2 Principal Balance
as a result of such Workout, plus interest on such aggregate amount at the related Note B Rate;

 

(i)    
ninth, to 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 and the Note A-7 Holder, pro rata (based on 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

 

    41 

     

    

 

Balance
and the Note A-7 Principal Balance) in an aggregate amount equal to the product of (i) the Note A Percentage Interest multiplied
by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(j)    
tenth, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal
Balance and the Note B-2 Principal Balance) in an aggregate amount equal to the product of (i) the Note B Percentage Interest
multiplied by (ii) the Note B Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(k)  
eleventh, to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required
to be otherwise applied under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on
any Advances, to pay any Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements
or payments relate to the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan
Borrower, shall be paid pro rata to the Note A Holders and the Note B Holders in accordance with the Note A Percentage Interest
and the Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated among 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 and the Note
A-7 Holder pro rata based on 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 and the Note A-7 Principal Balance,
and with the amount distributed to the Note B Holders to be allocated between the Note B-1 Holder and the Note B-2
Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance; and

 

(l)    
twelfth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount
shall be paid pro rata to the Note A Holders and the Note B Holder in accordance with the initial Note A Percentage Interest
and the initial Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between
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 and
the Note A-7 Holder pro rata based on 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 and the Note A-7 Principal
Balance, and with the amount distributed to the Note B Holders to be allocated among the Note B-1 Holder and the Note B-2
Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance.

 

Section 4.        Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in
accordance with Section 3 of this Agreement; provided, if a Sequential Pay Event shall have occurred and be continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with
the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof (including without limitation amounts received
by the Master Servicer or Special Servicer pursuant to the Servicing Agreement as reimbursements on account of recoveries in respect
of Advances), whether received in the form of Monthly Payments, any proceeds from the sale or distribution of any Foreclosure Property,
the Balloon Payment, Liquidation Proceeds, proceeds

 

    42 

     

    

 

under
any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds
(other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding any Withheld Amounts, shall be distributed by the Master Servicer in the following order
of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

 

(a)   
first, to the Note A-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 and the Note A-7 Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on 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 and the Note A-7 Principal
Balance, respectively, at the Net Note A Rate;

 

(b)  
second, to 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 and the Note A-7 Holder, pro rata (based on 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
and the Note A-7 Principal Balance), until 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 and the Note A-7 Principal
Balance have been reduced to zero;

 

(c)   
third, to 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 and the Note A-7 Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed
out-of-pocket costs and expenses paid by such Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder,
Note A-6 Holder and Note A-7 Holder including any Recovered Costs, in each case to the extent reimbursable by the Mortgage Loan
Borrower but not previously reimbursed by the Mortgage Loan Borrower (or paid or advanced by any Servicer on its behalf and not
previously paid or reimbursed to such Servicer), with respect to the Mortgage Loan pursuant to this Agreement or the Servicing
Agreement;

 

(d)  
fourth, to the Note A-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 and the Note A-7 Holder, pro rata (based on 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
and the Note A-7 Principal Balance) in an aggregate amount equal to the product of (i) the Note A Percentage Interest multiplied
by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(e)   
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate
Principal Balance of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 has been reduced, such excess amount
shall be paid to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note

 

    43 

     

    

 

A-4
Holder, the Note A-5 Holder, the Note A-6 Holder and the Note A-7 Holder pro rata (based on 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 and the Note A-7 Principal Balance) in an aggregate amount up to the reduction, if any, of based
on 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 and the Note A-7 Principal Balance as a result of such Workout,
plus interest on such aggregate amount at the related Note A Rate;

 

(f)   
sixth, to the extent the Note B-1 Holder and the Note B-2 Holder have made any payments or advances to cure
defaults pursuant to Section 11, to reimburse the Note B-1 Holder and the Note B-2 Holder for all such cure payments;
and to the Note B-1 Holder and the Note B-2 Holder in the amount of any other unreimbursed reasonable out-of-pocket costs
and expenses paid by the Note B-1 Holder and the Note B-2 Holder, in each case to the extent reimbursable by, but not previously
reimbursed by, the Mortgage Loan Borrower;

 

(g)  
seventh, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on their respective entitlements
to interest) in an amount equal to the accrued and unpaid interest on the Note B-1 Principal Balance and the Note B-2 Principal
Balance, respectively, at the Net Note B Rate;

 

(h)  
eighth, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance
and the Note B-2 Principal Balance), until the Note B-1 Principal Balance and the Note B-2 Principal Balance have been reduced
to zero;

 

(i)    
ninth, to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and
the Note B-2 Principal Balance) in an aggregate amount equal to the product of (i) the Note B Percentage Interest multiplied by
(ii) the Note B Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(j)    
tenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate
Principal Balance of Note B-1 and Note B-2 has been reduced, such excess amount shall be paid to the Note B-1 Holder
and Note B-2 Holder pro rata (based on the Note B-1 Principal Balance and the Note B-2 Principal Balance) in
an aggregate amount up to the reduction, if any, of the Note B-1 Principal Balance and the Note B-2 Principal Balance as
a result of such Workout, plus interest on such aggregate amount at the related Note B Rate;

 

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

 

    44 

     

    

 

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 and the
Note A-7 Holder pro rata based on 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 and the Note A-7 Principal
Balance, and with the amount distributed to the Note B Holders to be allocated between the Note B-1 Holder and the Note B-2
Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance; and

 

(l)    
twelfth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount
shall be paid pro rata to the Note A Holders and the Note B Holders in accordance with the initial Note A Percentage Interest
and the initial Note B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between
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 and
the Note A-7 Holder pro rata based on 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 and the Note A-7 Principal
Balance, and with the amount distributed to the Note B Holders to be allocated among the Note B-1 Holder and the Note B-2
Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance.

 

Section 5.         Administration of the Mortgage Loan.

 

(a)   
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent
with the Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder)
shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan
Documents or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents,
call or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy and no other
Noteholder shall have any voting, consent or other rights whatsoever with respect to the Lead Securitization Noteholder’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the
Servicing Agreement (including, without limitation, Section 5(f) below) and consistent with the Servicing Standard, each
Non-Lead Securitization Noteholder and each Subordinate Noteholder agrees that it shall have no right to, and hereby presently
and irrevocably assigns and conveys to the Lead Securitization Noteholder (or any Servicer acting on behalf of the Note A-1 Holder)
the rights, if any, that such Non-Lead Securitization Noteholder or Subordinate Noteholder, as applicable, has to, (i) call
or cause the Lead Securitization Noteholder to call an Event of Default under the Mortgage Loan, or (ii) exercise any remedies
with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead Securitization
Noteholder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization Noteholder (or any Servicer
acting on behalf of the Lead Securitization Noteholder) shall not have any fiduciary duty to any Non-Lead Noteholder in connection
with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Noteholder from the obligation
to make any disbursement of funds as set forth herein).

 

    45 

     

    

 

(b)  
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of this Agreement and the Servicing Agreement. The Servicers shall service the Mortgage Loan in
accordance with the terms of this Agreement, including without limitation, the rights of the Subordinate Noteholders set forth
in Section 5(f) below and consistent with the Servicing Standard. Servicing of the Mortgage Loan shall be carried out by
the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan, by the Special Servicer, in each case pursuant
to the Servicing Agreement and consistent with the Servicing Standard. Notwithstanding anything to the contrary contained herein,
in accordance with the Servicing Agreement, the Lead Securitization Noteholder Holder shall cause the Master Servicer and the Special
Servicer to service and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests
of each of the Noteholders as a collective whole (it being understood that the interests of the Note B Holders are subordinate
to Note A-1, Note A-2, Note A-3 and Note A-4, Note A-5, Note A-6 and Note A-7, in each case subject to the terms and conditions
of this Agreement, including without limitation the rights of the Controlling Noteholder), and any Subordinate Noteholder who is
not the Mortgage Loan Borrower or a Borrower Party shall be deemed a third party beneficiary of such provisions of the Servicing
Agreement. The foregoing provisions of this Section 5(b) shall not limit or modify the rights of the Controlling Noteholder
and/or the Controlling Noteholder Representative to exercise their respective rights specifically set forth under this Agreement.

 

(c)   
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and this Agreement (including, without limitation, Sections 5(f) and 6), if the Servicer in connection with a Workout
of the Mortgage Loan modifies the terms thereof in accordance herewith such that (i) the unpaid principal balance of the Mortgage
Loan is decreased, (ii) the Mortgage Loan Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments
of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an
increase in the Mortgage Loan Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage
Loan, all payments to the Note A Holders and the Note B Holders pursuant to Section 3 and Section 4, as
applicable, shall be made as though such Workout did not occur, with the payment terms of Note A-1, Note A-2, Note A-3, Note A-4,
Note A-5, Note A-6 and Note A-7 remaining the same as they are on the date hereof, the full economic effect of all waivers, reductions
or deferrals of amounts due on the Mortgage Loan attributable to such Workout shall be borne, first, by the Note B
Holders (pro rata based on the Principal Balances of their respective Notes), and then, by the Note A Holders
(pro rata based on the Principal Balances of their respective Notes), in that order, in each case up to the amount otherwise
due on such Note(s). Subject to the Servicing Agreement and this Agreement (including without limitation Sections 5(f) and (6)),
in the case of any modification or amendment described above, the Lead Securitization Noteholder (or the Servicer on its behalf)
will have the sole authority and ability to revise the payment provisions set forth in Section 3 and Section 4
above in a manner that reflects the subordination of Note B-1 and Note B-2 to Note A-1, Note A-2, Note A-3, Note A-4, Note
A-5, Note A-6 and Note A-7, with respect to the loss that is the result of such amendment or modification, including: (i) the
ability to increase the Note A Percentage Interest, and to increase or reduce, as applicable, the Note B Percentage Interest in
a manner that reflects a loss in principal as a result of such amendment or modification and (ii) the ability to change the
Note A Rate and the Note B Rate, as applicable, in order to reflect a reduction in the Mortgage Loan Rate of the Mortgage Loan
but shall not be permitted to change the order of the clauses set forth in Sections

 

    46 

     

    

 

3
and 4 hereof. Notwithstanding the foregoing, if any Workout, modification or amendment of the Mortgage Loan
extends the original maturity date of the Mortgage Loan, for purposes of this paragraph, the Balloon Payment will be deemed
not to be due on the original maturity date of the Mortgage Loan but will be deemed due on the extended maturity date of the
Mortgage Loan.

 

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

 

(e)   
If any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the
Mortgage Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified
mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests of
the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent
from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the Noteholders
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more
than three months after the earliest startup day of any REMIC which includes Note A-1, Note A-2, Note A-3, Note A-4, Note A-5,
Note A-6 or Note A-7 (or any portion thereof). The Noteholders agree that the provisions of this Section 5(e) shall be effected
by compliance by the Lead Securitization Noteholder or its assignees with this Agreement or the Servicing Agreement or any other
agreement which governs the administration of the Mortgage Loan or the Lead Securitization Noteholder’s interests therein.
All costs and expenses of compliance with this Section 5(e), to the extent that such costs and expenses relate to administration
of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual
payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by such
Noteholder.

 

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

 

    47 

     

    

 

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

 

(ii)       If
the Servicer or Special Servicer, as applicable, has not received a response from the Controlling Noteholder (or its Controlling
Noteholder Representative) with respect to such Major Decision within seven (7) Business Days after delivery of the notice of such
Major Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional copy
of the notice of such Major Decision in all caps bold 14-point font: “This is a Second Notice. Failure to respond within
three (3) Business Days of this Second Notice will result in a loss of your right to consent with respect to this decision,”
and if the Controlling Noteholder fails to respond to the Lead Securitization Noteholder (or the Special Servicer acting on its
behalf) with respect to any such proposed action within three (3) Business Days after receipt of such second notice, the Controlling
Noteholder shall have no further consent rights with respect to such action (provided, however, that such failure to reply shall
not affect the rights of the Controlling Noteholder to consent to any future actions). Notwithstanding the foregoing, or if a failure
to take any such action at such time would be inconsistent with the Servicing Standard, the Servicer may take actions with respect
to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Controlling Noteholder Representative)
if the Servicer reasonably determines in accordance with the Servicing Standard that failure to take such actions prior to such
consent would materially and adversely affect the interest of the Noteholders as a collective whole, and the Servicer has made
a reasonable effort to contact the Controlling Noteholder. The foregoing shall not relieve the Lead Securitization Noteholder (or
a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

 

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

 

    48 

     

    

 

The Special Servicer
shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report that is required to
be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions or the implementation
of any recommended actions outlined in an Asset Status Report within the same time frame such notice, information and report is
required to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Note A-1 Holder,
the Special Servicer shall be required to consult with each Non-Controlling A Noteholder on a strictly non-binding basis,
to the extent having received such notices, information and reports, any Non-Controlling A Noteholder requests consultation with
respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider
alternative actions recommended by such Non-Controlling A Noteholder; provided that after the expiration of a period of
ten (10) Business Days from the delivery to any Non-Controlling A Noteholder by the Special Servicer of written notice of a proposed
action, together with copies of the notice, information and reports, the Special Servicer shall no longer be obligated to consult
with such Non-Controlling A Noteholder, whether or not such Non-Controlling A Noteholder has responded within such ten (10)
Business Day period (unless, the Special Servicer proposes a new course of action that is materially different from the action
previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal
and delivery of all information relating thereto). After the Note A-2 Securitization, references in this paragraph to the Non-Controlling
Noteholder as such term relates to the Note A-2 Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.
After the Note A-3 Securitization, references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note
A-3 Holder shall mean the related Non-Lead Securitization Subordinate Class Representative. After the Note A-4 Securitization,
references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note A-4 Holder shall mean the related
Non-Lead Securitization Subordinate Class Representative. After the Note A-5 Securitization, references in this paragraph to the
Non-Controlling Noteholder as such term relates to the Note A-5 Holder shall mean the related Non-Lead Securitization Subordinate
Class Representative. After the Note A-6 Securitization, references in this paragraph to the Non-Controlling Noteholder as such
term relates to the Note A-6 Holder shall mean the related Non-Lead Securitization Subordinate Class Representative. After the
Note A-7 Securitization, references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note A-7 Holder
shall mean the related Non-Lead Securitization Subordinate Class Representative.

 

In addition to the consultation
rights provided in the immediately preceding paragraph, at any time the Controlling Holder is the Note A-1 Holder, each Non-Controlling
A Noteholder shall have the right to attend annual meetings (which may be held telephonically or in person, at the discretion of
the Servicer) with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf), upon
reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable, in which servicing
issues related to the Mortgage Loan are discussed.

 

The Noteholders acknowledge
that the Lead Securitization Servicing Agreement may contain certain provisions that give the Lead Operating Advisor certain non-binding
consultation rights with respect to Major Decisions related to compliance with the Risk Retention Rules applicable to the Lead
Securitization.

 

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(g)  
The Note B Holders, acting unanimously, shall be entitled to avoid a Control Appraisal Period caused by application
of an Appraisal Reduction Amount upon satisfaction of the following (which must be completed within thirty (30) days of receipt
of a third party Appraisal ordered by the Master Servicer or the Special Servicer that indicates such Control Appraisal Period
has occurred (which such Appraisal the Special Servicer will be required to deliver to each Subordinate Noteholder within two Business
Days of receipt by the Special Servicer of such third party Appraisal) together with the Master Servicer’s calculation of
the Appraisal Reduction Amount applicable to each Subordinate Note): (i) such Subordinate Noteholder(s) shall have delivered Threshold
Event Collateral as a supplement to the appraised value of the Mortgaged Property, in the amount specified in clause (ii) below,
to the Servicer, together with documentation acceptable to the Servicer in accordance with the Servicing Standard to create and
perfect a first priority security interest in favor of the Servicer on behalf of the Lead Securitization Noteholder in (a) cash
collateral for the benefit of, and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit
with the Lead Securitization Noteholder (or after the closing of the Lead Securitization, the Servicer or such other party as provided
under the Servicing Agreement) as the beneficiary, issued by a bank or other financial institutions the long term unsecured debt
obligations of which are rated at least “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s
or the short term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1”
by Moody’s, in each case ignoring any of the foregoing ratings requirements with respect to any rating agency that is not
one of the Rating Agencies (either (a) or (b), the “Threshold Event Collateral”), and (ii) the Threshold Event
Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to the
Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph are
satisfied by a Subordinate Noteholder (a “Threshold Event Cure”), no Control Appraisal Period caused by application
of an Appraisal Reduction Amount shall be deemed to have occurred with respect to such Subordinate Noteholder. If a letter of credit
is furnished as Threshold Event Collateral, the applicable Subordinate Noteholder(s) shall be required to renew such letter of
credit not later than thirty (30) days prior to expiration thereof or to replace such letter of credit with a substitute letter
of credit or other Threshold Event Collateral with an expiration date that is greater than forty-five (45) days from the date of
substitution; provided, however, that, if a letter of credit is not renewed prior to thirty (30) days prior to the
expiration date of such letter of credit, the letter of credit shall provide that the Servicer may (and at the direction of the
applicable Controlling Noteholder, shall) draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral.
If a letter of credit is furnished as Threshold Event Collateral, the applicable Subordinate Noteholder(s) shall be required to
replace such letter of credit with other Threshold Event Collateral within 30 days if the credit ratings of the issuing entity
are downgraded below the required ratings; provided, however, that, if such Threshold Event Collateral is not so
replaced, the Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. The Threshold
Event Cure shall continue until (i) the appraised value of the Mortgaged Property plus the value of the Threshold Event Collateral
would not be sufficient to prevent the applicable Control Appraisal Period from occurring; (ii) the occurrence of a Final Recovery
Determination or (iii) the return of the Threshold Event Collateral pursuant to the following sentence. If the appraised value
of the Mortgaged Property, upon any redetermination thereof, is sufficient to avoid the occurrence of a Control Appraisal Period
without taking into consideration any, or some portion of, Threshold Event Collateral previously delivered by one or more Subordinate
Noteholder(s), any or such portion of Threshold Event Collateral held

 

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by
the Servicer shall promptly be returned to such Subordinate Noteholder(s) (at its/their sole expense). Upon a Final Recovery Determination
with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for any realized
loss pursuant to Sections 3 or 4, as applicable, with respect to the Mortgage Loan after application of the net
proceeds of liquidation, not in excess of the Note A-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 B-1 Principal Balance and the Note B-2 Principal Balance, as the case may be, plus accrued and unpaid
interest thereon at the applicable interest rate and all other Additional Servicing Expenses reimbursable under this Agreement
and under the Servicing Agreement. Any Threshold Event Collateral shall be treated as an “outside reserve fund” for
purposes of the REMIC Provisions and such property (and the right to reimbursement of any amounts with respect thereto from a
REMIC) shall be beneficially owned by the posting Noteholder who shall be taxed on all income with respect thereto. The entire
amount of Threshold Event Collateral, without a haircut or other reduction, shall be considered in determining the sufficiency
of such Threshold Event Collateral to avoid a Control Appraisal Period.

 

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

 

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

 

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

 

(k)  
If an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance with
the terms and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) the Mortgage
Loan, subject to the consent right of the Controlling Noteholder (or its Controlling Noteholder Representative), in which case
such sale would include each of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note B-1 and Note
B-2 as determined by the Special Servicer in accordance with the Servicing Standard (taking into account the subordinate nature
of the Subordinate Notes) or (2) Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 together, in which
case of this clause (2) the Special Servicer shall provide notice to the Non-Lead Master Servicer

 

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who
shall provide notice to the related Non-Controlling A Noteholder of the planned sale and of such Non-Controlling A Noteholder’s
opportunity to submit an offer on Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7 together.

 

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

 

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

 

Section 6.         Appointment of Controlling Noteholder Representative.

 

(a)   
The Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise
its rights hereunder (the “Controlling Noteholder Representative”). The Controlling Noteholder shall have the
right in its sole discretion at any time and from time to time to remove and replace the Controlling Noteholder Representative.
When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholder may, at its
option, in each case, act through the Controlling Noteholder Representative. The Controlling Noteholder Representative may be any
Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without
limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder, any Affiliate of the Controlling
Noteholder or any other unrelated third party. No such Controlling Noteholder Representative shall owe any fiduciary duty or other
duty to any other Person (other than the Controlling Noteholder). All actions that are permitted to be taken by the Controlling

 

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

 

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

 

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

 

Section 7.          Special Servicer. The Controlling Noteholder (or its Controlling Noteholder Representative), at its expense (including,
without limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated
Special Servicer),

 

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

 

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

 

Section 8.         Payment Procedure.

 

(a)   
The Lead Securitization Noteholder (or the Master Servicer on its behalf), in accordance with the priorities set forth in
Section 3 or 4, as applicable, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited
all payments allocable to the Notes to the Collection Account or Companion Distribution Account established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Master Servicer on its behalf) shall establish a segregated sub-account for
amounts due to each Noteholder. The Lead Securitization Noteholder (or the Master Servicer acting on its behalf) shall deposit
such amounts to the applicable account within two (2) Business Days following the Lead Securitization Noteholder’s (or the
Master Servicer’s acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage
Loan Borrower; provided, however, that in the

 

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event
the Master Servicer is in receipt of properly identified funds that are not available to the Master Servicer, the Master Servicer
may instead deposit such amounts into the Collection Account and Companion Distribution Account, as applicable, on the same Business
Day that such properly identified funds become available to the Master Servicer.

 

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

 

(c)   
If, for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder
before the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

 

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

 

Section 9.          Limitation on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing
Agreement shall control) shall have any liability to any other Noteholder except with respect to

 

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

 

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

 

Each Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if such standard was applicable
to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) may exercise, or omit to exercise, any rights that such Non-Lead Securitization Noteholder may have under
this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and
that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability whatsoever to such Subordinate
Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights or any omission by a Non-Lead Securitization
Noteholder to exercise such rights other than as described above; provided, however, that the Non-Lead Servicer must
act in accordance with the servicing standard under the Non-Lead Securitization Servicing Agreement.

 

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

 

Section 10.       Bankruptcy. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder hereby
covenants and agrees that only the Lead Securitization Noteholder (or the Servicer on its behalf) has the right to institute, file,
commence, acquiesce, petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise
invoke or cause any other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek
to appoint a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage
Loan Borrower or all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage
Loan Borrower. Subject to the provisions of Section 5(f) hereof and the Servicing

 

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Standard,
each Noteholder further agrees that only the Lead Securitization Noteholder, as a creditor, can make any election, give any consent,
commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against
the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. Subject to the provisions of Section
5(f), the Noteholders hereby appoint the Lead Securitization Noteholder as their agent, and grant to the Lead Securitization
Noteholder an irrevocable power of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all
rights and taking any and all actions available to the Subordinate Noteholders and the Controlling Noteholder in connection with
any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including,
without limitation, the right to file and/or prosecute any claim, vote to accept or reject a plan, to make any election under
Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the
automatic stay with respect to the Mortgage Loan. The Noteholders, hereby agree that, upon the request of the Lead Securitization
Noteholder but subject to the provisions of Section 5(f), each other Noteholder shall execute, acknowledge and deliver
to the Lead Securitization Noteholder all and every such further deeds, conveyances and instruments as the Lead Securitization
Noteholder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions taken
by any Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

 

Section 11.      Cure Rights of Subordinate Noteholders.

 

(a)   
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal
or interest on the Mortgage Loan by the end of the applicable grace period (the “Grace Period”) for such payment
permitted under the applicable Mortgage Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder
shall provide written notice to each Subordinate Noteholder and the Controlling Noteholder Representative of such default (the
“Monetary Default Notice”). The Note B Holders, acting unanimously, shall have the right, but not the obligation,
to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”)
and at no other times. The Monetary Default Notice shall contain a statement that the Subordinate Noteholder(s)’s or the
Controlling Noteholder Representative’s failure to cure such Monetary Default within seven (7) Business Days after receiving
such notice will result in the termination of the right to cure such Monetary Default. At the time a payment is made by one or
more Subordinate Noteholder(s) to cure a Monetary Default, such Subordinate Noteholder(s) shall pay or reimburse the Note A-1 Holder,
the Note A-2 Holder, the Note A-3 Holder and the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder and the Note A-7 Holder,
for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees
to any Servicer and any Additional Servicing Expenses. No Subordinate Noteholder shall be required, in order to effect a cure hereunder,
to pay any default interest or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a
cure payment permitted hereunder is made, such Monetary Default shall not be treated as an Event of Default by the Lead Securitization
Noteholder (including for purposes of (i) the definition of “Sequential Pay Event,” (ii) accelerating the Mortgage
Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or
the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or
(iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan);

 

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provided
that such limitation shall not prevent the Lead Securitization Noteholder from collecting Default Interest or late
charges from the Mortgage Loan Borrower to be applied in accordance with this Agreement. Any amounts advanced by a Noteholder
on behalf of the Mortgage Loan Borrower to effect any cure shall be reimbursable to such Noteholder under Section 3
or Section 4, as applicable.

 

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

 

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

 

(d)  
If an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to each Subordinate Noteholder
and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note B Holders, acting unanimously, shall have the right, but not the obligation, to cure such Non-Monetary Default until
the later of (a) the expiration date of the cure period afforded to the Mortgage Loan Borrower under the Mortgage Loan Documents,
without regard for the date of receipt by such Subordinate Noteholder(s) of the Non-Monetary Default Notice, and (b) the date which
is thirty (30) days from the date of receipt by such Subordinate Noteholder(s) of the Non-Monetary Default Notice related to such
Non-Monetary Default; provided, however, if such Non-Monetary Default is susceptible of cure but cannot reasonably
be cured within such period and if curative action was promptly commenced and is being diligently pursued by one or more Subordinate
Noteholder(s), such Subordinate Noteholder(s) (unless a Control Appraisal Period has occurred and is continuing with respect to
such Subordinate Noteholder(s)) shall be given an additional period of time as is reasonably necessary to enable such Subordinate
Noteholder(s) in the exercise of due diligence to cure such Non-Monetary Default for so long as (i) such Subordinate Noteholder(s)
diligently and expeditiously proceed to cure such Non-Monetary Default, (ii) such Subordinate Noteholder(s) make all cure payments
that they are permitted to make in accordance with the terms and provisions of Section 11(a) hereof, (iii) such additional
period of time does not exceed ninety (90) days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding
or during such period of time that the Note B Holders have to cure a Non-Monetary Default in accordance with this Section 11(d)
(the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during such Non-Monetary
Default Cure Period, there is no material adverse effect

 

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on
the value, use or operation of the Mortgaged Property taken as whole, which cannot be cured by the applicable Subordinate Noteholder(s)
within five (5) days of such notice of such material adverse effect. The Non-Monetary Default Notice shall contain a statement
that the Subordinate Noteholders’ or the Controlling Noteholder Representative’s failure to cure such Non-Monetary
Default within the applicable Non-Monetary Default Cure Period after receiving such notice will result in the termination of the
right to cure such Non-Monetary Default. No Subordinate Noteholder shall contact the Mortgage Loan Borrower in order to effect
any cures under Section 11(a) or this Section 11(d) without the prior written consent of the Lead Securitization
Noteholder (or the Servicer on its behalf), such consent not to be unreasonably withheld, conditioned or delayed.

 

Section 12.           
Purchase By Subordinate Noteholder(s). The Note B Holders, acting unanimously, shall have the right, by written notice
to (x) 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
and the Note A-7 Holder (a “Noteholder Purchase Notice”; the sender(s) of such notice, the “Purchasing
Noteholder”; and each recipient of such notice, a “Selling Noteholder”), delivered at any time an
Event of Default under the Mortgage Loan or a Servicing Transfer Event has occurred and is continuing, to purchase, in immediately
available funds, Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, and Note A-7 (each Note specified in the Noteholder
Purchase Notice, a “Purchased Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase
Price. For avoidance of doubt, if one or more Subordinate Noteholder(s) elects to send a Noteholder Purchase Notice pursuant to
this Section 12, it/they must purchase the applicable Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice
to the Selling Noteholder(s), the Selling Noteholder shall sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s)
at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not
less than ten (10) days and not more than sixty (60) days after the date of the Noteholder Purchase Notice, as shall be mutually
established by the Purchasing Noteholder and the Selling Noteholder(s). The Noteholder Purchase Notice shall contain a statement
that the Purchasing Noteholder’s failure to purchase the Purchased Note(s) on a Defaulted Note Purchase Date (other than
as a result of any failure to consummate such purchase on the part of the Selling Noteholder or as a result of the conditions giving
rise to such purchase ceasing to exist) will result in the termination of such right in respect of the Event of Default that caused
such purchase right to be exercisable and not in respect of any other Event of Default. Each Subordinate Noteholder agrees that
the sale of any Purchased Notes to it shall comply with all requirements of the Servicing Agreement and that all actual costs and
expenses related thereto shall be paid by the applicable Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall
be calculated by the Selling Noteholder(s) (or the Servicer on its or their behalf) three (3) Business Days prior to the Defaulted
Note Purchase Date (and such calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan
Purchase Price and reasonably detailed back-up documentation explaining how such price was determined), and shall, absent manifest
error, be binding upon the Purchasing Noteholder. Concurrently with the payment to the Selling Noteholder(s) in immediately available
funds of the Defaulted Mortgage Loan Purchase Price, the Selling Noteholder(s) shall execute at the sole cost and expense of the
Purchasing Noteholder in favor of the Purchasing Noteholder assignment documentation which will assign the Purchased Note(s) and
the Mortgage Loan Documents without recourse, representations or warranties (except each Selling Noteholder will represent and
warrant that it had good and marketable title to, was the sole owner and holder of, and had power and authority

 

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

 

Section 13.       Representations of each Subordinate Noteholder. Each Subordinate Noteholder represents, solely as to itself and its
Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the ordinary
course of its business and none of the 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 or the other Subordinate Noteholder shall have any liability or responsibility
to such Subordinate Noteholder except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken
by the 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 or such other Subordinate Noteholder that constitute gross negligence or willful misconduct or that constitute
a breach of this Agreement. Each Subordinate Noteholder represents and warrants solely as to itself that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and
does not contravene its charter or any law or contractual restriction binding upon such Subordinate Noteholder, and that this Agreement
is the legal, valid and binding obligation of such Subordinate Noteholder enforceable against such Subordinate Noteholder in accordance
with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect
to indemnification and contribution obligations may be limited by applicable law. Each Subordinate Noteholder represents and warrants
solely as to itself that it is duly organized, validly existing, in good standing and possesses of all licenses and authorizations
necessary to perform its obligations hereunder. Each Subordinate Noteholder represents and warrants as to itself that (a) this
Agreement has been duly executed and delivered by such Subordinate Noteholder, (b) to such Subordinate Noteholder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and performance of this Agreement by such Subordinate Noteholder have been obtained

 

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or
made and (c) to such Subordinate Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration
or governmental investigation against such Subordinate Noteholder, an adverse outcome of which would materially and adversely
affect its performance under this Agreement.

 

Each Subordinate Noteholder
acknowledges that none of the 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 or the other Subordinate Noteholder owes such Subordinate Noteholder any fiduciary duty
with respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate
Noteholder with respect to any action taken by such Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5
Holder, Note A-6 Holder, Note A-7 Holder or other Subordinate Noteholder, as applicable, in connection with the Mortgage Loan.

 

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

 

Section 14.        Representations of the Note A-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 and the Note A-7 Holder. Each of 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 and the Note A-7 Holder represents and warrants that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and
does not contravene such Noteholder’s charter or any law or contractual restriction binding upon such Noteholder and that
this Agreement is the legal, valid and binding obligation of such Noteholder as applicable enforceable against it in accordance
with its terms. Each of 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 and the Note A-7 Holder represents and warrants that it is duly organized, validly existing, in good standing
and possession of all licenses and authorizations necessary to carry on its respective business. Each of 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 and the Note A-7 Holder represents
and warrants that (a) this Agreement has been duly executed and delivered by such Noteholder, (b) to such Noteholder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and performance of this Agreement by such Noteholder have been obtained or made and (c) to
such Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation
against such Noteholder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

 

Each of 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 and the Note A-7
Holder acknowledges that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the
Mortgage Loan Documents and, except as provided herein or in the Servicing

 

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Agreement,
need not consult with such Noteholder with respect to any action taken by such Noteholder in connection with the Mortgage Loan.

 

Section 15.        Independent Analysis of each Subordinate Noteholder. Each Subordinate Noteholder acknowledges that it has, independently
and without reliance upon the Initial Note 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 or the Initial Note A-7 Holder, except with respect to the
representations and warranties provided by 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 or the Initial Note A-7 Holder herein and
in any documents or instruments executed and delivered by 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 or the Note A-7 Holder in connection herewith (including the representations
and warranties provided in the agreement pursuant to which it acquired its Subordinate Note), and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to purchase such Subordinate Note and such Subordinate
Noteholder accepts responsibility therefor. Each Subordinate Noteholder hereby acknowledges that, other than the representations
and warranties provided herein and in such other documents or instruments, none of 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 or the Note A-7 Holder has made any representations
or warranties with respect to the Mortgage Loan, subject to such representations and warranties as provided by 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 or the Note A-7 Holder
herein and in such other documents and instruments, and that none of 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 or the Note A-7 Holder shall have any responsibility for (i) the
collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or
the title insurance policy or policies or any survey furnished or to be furnished to the Note A-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 or the Note A-7 Holder in connection with the
origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the
Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Subordinate Noteholder assumes all
risk of loss in connection with its Note except as specifically set forth herein.

 

Section 16.        No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership,
association, joint venture or other entity. None of 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 or the Note A-7 Holder shall have any obligation whatsoever to offer to any Subordinate
Noteholder the opportunity to purchase a Note interest in any future loans originated by 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 or the Note A-7 Holder, as applicable, or its
Affiliates, and if such Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder or
Note A-7 Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future mortgage
loans originated by 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 or the Note A-7 Holder or their respective

 

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Affiliates,
such offer shall be at such purchase price and interest rate as the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder
or the Note A-4 Holder, as applicable, chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any
obligation whatsoever to purchase from any of 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 or the Note A-7 Holder a Note interest in any future loans originated by such 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 or their respective Affiliates.

 

Section 17.       Not a Security. No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act of
1933 or the Securities Exchange Act of 1934.

 

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

 

Section 19.        Sale of the Notes.

 

(a)   
Each Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this
Section 19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of 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 or the Note A-7 Holder
or any other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such
Transfer shall be made in accordance with the terms of this Section 19. Each Subordinate Noteholder shall have the
right to Transfer its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that
promptly after the Transfer the 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 and the Note A-7 Holder are provided with (x) a representation from a transferee or such Subordinate Noteholder
certifying that such transferee is a Qualified Institutional Lender, and (y) a copy of the assignment and assumption agreement
referred to in Section 20 and provided further, that such transfer would not cause such Note to be held by more than five
persons nor cause there to be no one person owning a majority of such Note and (ii) to an entity that is not a Qualified Institutional
Lender, provided that with respect to this clause (ii), such Subordinate Noteholder obtains (1) prior to the Lead Securitization
Date, the consent of the Lead Securitization Noteholder, each such consent not to be unreasonably withheld, conditioned or delayed,
and (2) after the Lead Securitization Date, Rating Agency Confirmation (and for avoidance of doubt, no consent of the Lead Securitization
Noteholder shall be required after the closing of the Lead Securitization); provided that in each of case (1) and (2), (x)
promptly

 

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after
the Transfer 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 and the Note A-7 Holder are each provided with a copy of the assignment and assumption agreement referred to in Section
20 and (y) such transfer would not cause the subject Note to be held by more than five persons; and provided further,
however, that if such transfer would cause there to be no one person owning a majority of the subject Note, then such transfer
will not be permitted unless persons owning a majority of the subject Note designate one of such persons to act on behalf of such
persons owning such majority. If the subject Note is held by more than one Noteholder at any time, the holders of a majority of
the Note B Principal Balance shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder
hereunder. As of the date hereof, the Note B-1 Holder and the Note B-2 Holder hereby designate the Note B-1 Holder as the representative
to exercise all of the rights of the Note B Holders pursuant to this Section 19, until such time as the Note B Holders
shall notify the other Noteholders in writing. Notwithstanding the foregoing, without the Lead Securitization Noteholder’s
prior consent, which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion, no Subordinate
Noteholder shall Transfer all or any portion of its Note to the Mortgage Loan Borrower or a Borrower Party and any such Transfer
shall be absolutely null and void and shall vest no rights in the purported transferee. Each Subordinate Noteholder agrees it
will pay the expenses of the Lead Securitization Noteholder (including all expenses of the Master Servicer and the Special Servicer)
and the Non-Lead Securitization Noteholders (including all expenses of the related Non-Lead Master Servicer and the related Non-Lead
Special Servicer) in connection with any such Transfer.

 

(b)  
All Transfers under Section 19(a) shall be made upon written notice to the 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 and the Note A-7 Holder not later than the date
of such Transfer, and each transferee shall (i) execute an assignment and assumption agreement whereby such transferee assumes
all or a ratable portion, as the case may be, of the obligations of the applicable Subordinate Noteholder hereunder with respect
to its Note from and after the date of such assignment (or, in the case, of a pledge, collateral assignment or other encumbrance
made in accordance with Section 19(e) by such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate
Noteholder made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before
the date on which such third-party lender succeeds to the rights of such Subordinate Noteholder by foreclosure or otherwise, such
third-party lender executes an agreement that such lender shall be bound by the terms and provisions of this Agreement and the
obligations of such Subordinate Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement, unless
the Servicing Agreement is not then in effect with respect to the Mortgage Loan, in which event the parties will enter into or
agree to be bound by any replacement servicing agreement therefor in accordance with the provisions hereof. Upon the consummation
of a Transfer of all or any portion of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released
from all liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject
of such Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing
release shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject
Subordinate Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate
Note and for all purposes of this Agreement, 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 and the Note A-7 Holder need only recognize

 

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the
majority holder of such Subordinate Note for purposes of notices, consents and other communications between 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 or the Note A-7 Holder,
as applicable, and such majority holder of the subject Subordinate Note shall be the only Person authorized hereunder to exercise
any rights of such Subordinate Noteholder under this Agreement; provided, however, the majority holder of the subject
Subordinate Note may from time to time designate any other Person as an additional party entitled to receive notices, consents
and other communications and/or to exercise rights on behalf of such Subordinate Noteholder hereunder by delivering written notice
thereof to the 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 and the Note A-7 Holder, and, from and after delivery of such notice, such designee shall be so authorized hereunder and
shall be the only party entitled to receive such notices, consents and such other communications and/or to exercise such rights.

 

(c)   
In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such
Noteholder’s obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible
for the performance of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue
to deal solely and directly with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement
and the Servicing Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such
participation interest; provided, however, that if the applicable participant is a Qualified Institutional Lender
(and delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholders, may delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Control Appraisal Period, the aforesaid delegation of rights shall terminate and
be of no further force and effect with respect to Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7.

 

(d)  
Each of 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 and the Note A-7 Holder shall have the right to Transfer all or any portion of its Note without the prior consent of
any other Noteholder (i) with respect to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7 prior to an Event
of Default, to any party other than the Mortgage Loan Borrower or any Borrower Party and (ii) after an Event of Default, to any
party, including the Mortgage Loan Borrower and any Borrower Party; provided, however, that following any Event of
Default under the Mortgage Loan, 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 and the Note A-7 Holder may only transfer all or any portion of its Note to the Mortgage Loan Borrower
or any Borrower Party with the prior written consent of the Controlling Noteholder at any time when such Note A-1 Holder, Note
A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder or Note A-7 Holder is not the Controlling Noteholder;
provided further, however, that following any Transfer of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note
A-6 or Note A-7, as applicable, the Mortgage Loan continues to be serviced in its entirety pursuant to the Servicing Agreement
by a Servicer unaffiliated with Mortgage Loan Borrower. For the avoidance of doubt, subject to Section 12, no Noteholder
or the Servicer shall have any right to Transfer or cause the Transfer of any other Note.

 

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Notwithstanding
the foregoing, without each non-transferring Note A Holder’s prior consent, and, if any such non-transferring Note A Holder’s
Note or any portion thereof is held in a Securitization Trust, without a Rating Agency Confirmation with respect to the related
Securitization, no Noteholder shall Transfer its Note or any portion thereof (or a participation interest in such Note) to the
Mortgage Loan Borrower or any Borrower Party and any such Transfer shall be absolutely null and void and shall vest no rights
in the purported transferee.

 

(e)   
Notwithstanding any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Noteholder
and that is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least
“A” (or the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions
set forth in this Section 19(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder
or any person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable Note and is
structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee
which is not a Qualified Institutional Lender may not take title to the pledged Note without (a) prior to the first Securitization
of any Note, the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency
Confirmation. Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of
such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect
of its obligations under this Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee
a period of ten (10) Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other
Noteholder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee,
which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Noteholder shall give to such
Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Noteholder
and accept any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not the obligation) to effect
hereunder, as if such cure were made by such pledging Noteholder; (v) that such other Noteholder shall deliver to Note Pledgee
such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in
a form reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a “Redirection Notice”)
to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable
cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit agreement
between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Noteholder),
and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any
payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely releases each other
Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered by a Note Pledgee.
Note Pledgee shall be permitted to exercise

 

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fully
its rights and remedies against the pledging Noteholder to such Note Pledgee (and accept an assignment in lieu of foreclosure
as to such collateral), in accordance with applicable law and this Agreement. In such event, the Noteholders and any Servicer
shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is
also a Qualified Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of
foreclosure), and its successor and assigns, as the successor to the pledging Noteholder’s rights, remedies and obligations
under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the
pledging Noteholder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee)
and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 19(e)
shall remain effective as to any Noteholder (and any Servicer) unless and until such Note Pledgee shall have notified any
such Noteholder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 20.         Registration of Transfer. In connection with any Transfer of a Note (but excluding (x) any participant and (y) any
Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby
such transferee

 

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assumes
all of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing and agrees to be bound
by the terms of this Agreement, including the restriction on Transfers set forth in Section 19, from and after the date
of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to execute an assignment and assumption
agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the Servicing Agreement. In connection
with a Transfer of a Note, the Agent shall not recognize any attempted or purported transfer of any Note in violation of the provisions
of Section 19 and this Section 20. Any such purported transfer shall be absolutely null and void and shall
vest no rights in the purported transferee. Each Noteholder desiring to effect such transfer shall, and does hereby agree to,
indemnify the Agent and any other Noteholder against any liability that may result if the transfer is not made in accordance with
the provisions of this Agreement. Upon the Lead Securitization, the Master Servicer shall automatically become and be the Agent.

 

Section 21.        Registration of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the
Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee
of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to
in Section 20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered
in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder
thereof for all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee.
Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent
another party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section
21 solely for purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in registered form
for federal income tax purposes under Section 5.103-1(c) of the United States Treasury Regulations.

 

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

 

Section 23.        No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders.
Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any
property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of
any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its
share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

 

Section 24.         Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 26.         Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in
writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing
Agreement, (ii) entered into pursuant to Section 38 of this Agreement or (iii) to correct or

 

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supplement
any provision herein that may be defective or inconsistent with any other provisions of this Agreement.

 

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

 

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

 

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

 

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

 

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

 

Section 32.          Withholding Taxes.

 

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

 

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

 

(c)   
Contemporaneously with the execution of this Agreement, and from time to time as reasonably requested by the Lead Securitization
Noteholder or Servicer during the term of this Agreement, each Subordinate Noteholder shall deliver to the Lead Securitization
Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Noteholder substantiating whether such
Subordinate Noteholder is a Non-Exempt Person and whether the Lead Securitization Noteholder is obligated under applicable law
to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement, it being acknowledged
by the parties hereto that delivery of a certification in the form attached hereto as Exhibit D shall be satisfactory evidence
that such Subordinate Noteholder is not a Non-Exempt Person. Without limiting the effect of the foregoing, (i) if a Subordinate
Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of such Subordinate
Noteholder) is created or organized under the laws of the United States, any state thereof or the District of Columbia, it shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder an Internal Revenue Service
Form W-9 and (ii) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes,
the owner of such Subordinate Noteholder) is not created or organized under the laws of the United States, any state thereof or
the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States
income tax purposes as derived in whole or part from sources within the United States, such Subordinate Noteholder shall satisfy
the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service Form W-8ECI,
Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be required from
time to time, duly executed by such Subordinate Noteholder; provided that such Subordinate Noteholder, without request,
shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current Form W-8 “expires”
or if there is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both
within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not be obligated to make any
payment hereunder to any Note B Holder in respect of Note B-1 or Note B-2, as applicable, or otherwise until such Note
B-1 or Note B-2 Holder shall have furnished to the Lead Securitization Noteholder the requested forms, certificates, statements
or documents.

 

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

 

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

 

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization Noteholder
(or any Servicer on its behalf) to the Controlling Noteholder (or its Controlling Noteholder Representative), or by the Controlling
Noteholder (or its Controlling Noteholder Representative) to the Lead Securitization Noteholder as a Non-Controlling Noteholder
(or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including to the Note
B-1 Holder and the Note B-2 Holder regardless of whether a Control Appraisal Period is continuing).

 

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

 

Section 36.         Certain Matters Affecting the Agent.

 

(a)   
The Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

 

(b)  
The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s
certificate or assignment and assumption agreement delivered to the Agent pursuant to Section 20;

 

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

 

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

 

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

 

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

 

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

 

Section 37.         Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-1 Holder. In the event that the Agent is terminated pursuant to this Section 37, all of its rights and obligations under
this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

 

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. DB, as Initial Agent, may transfer its rights and obligations to a Servicer,
as successor Agent, at any time without the consent of any Noteholder. DB, as Initial Agent, shall promptly and diligently attempt
to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently
attempt to cause a similar servicer to act as successor Agent. Notwithstanding the foregoing, the Noteholders hereby agree that,
simultaneously with the closing of the Lead Securitization, the Certificate Administrator shall be deemed to have been automatically
appointed as the successor Agent under this Agreement in place of the Initial Agent or any successor thereto prior to such Securitization
without any further notice or other action. The termination or resignation of the Certificate Administrator, as Certificate Administrator
under the Servicing Agreement, shall be deemed a termination or resignation of such Certificate Administrator as Agent under this
Agreement.

 

Section 38.         Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii)(y) below, that if
the Note A-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 or
the Note A-7 Holder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute amended
and restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal of such
Note to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate with the resizing Noteholder to effect
such resizing at such resizing Noteholder’s expense; provided that (i) the aggregate principal balance of all outstanding
New Notes following the creation thereof is no greater than the principal balance of such Note or Notes immediately prior to the
creation of the New Notes, (ii) the weighted average interest rate of all outstanding New Notes following the creation thereof
is the same as the interest rate of the related Note or Notes immediately prior to the creation of the New Notes, and (iii) no
such resizing shall (x) change the interest allocable to, or the amount of any payments due to, any other Noteholder, or priority
of such payments, or (y) increase any other Noteholder’s obligations or decrease any other Noteholder’s rights,
remedies or protections. In connection with any resizing

 

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of
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7, the related Noteholder may allocate its rights hereunder
among the New Notes in any manner in its sole discretion.

 

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

 

Section 40.          Cooperation in Securitization.

 

(a)   
Each Noteholder acknowledges that any Noteholder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7, at the request of
the related Noteholder, each other Noteholder shall use commercially reasonable efforts, at the requesting Noteholder’s expense,
to satisfy, and to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy, the market
standards to which the requesting Noteholder customarily adheres or which may be reasonably required in the marketplace or by the
Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any modifications
to this Agreement or the Mortgage Loan Documents and to cooperate with the requesting Noteholder in attempting to cause the Mortgage
Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested by
the Rating Agencies to effect the Securitization; provided, however, that either in connection with the Securitization
or otherwise at any time prior to the Securitization no other Noteholder shall be required to modify or amend this Agreement or
any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith, if such modification or amendment
would (i) change the interest allocable to, or the amount of any payments due to or priority of any payments to be made to, such
Noteholder, (ii) increase such Noteholder’s obligations or decrease such Noteholder’s rights, remedies or protections
hereunder or under any Mortgage Loan Document, or (iii) otherwise materially adversely affect the rights and interests of such
Noteholder. In connection with any such Securitization of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 or Note A-7,
each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization such customary
non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be necessary to satisfy
its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that if it is not the requesting
Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating Agency and the requesting
Noteholder in connection with the preparation of any offering documents in connection with the Securitization, and to review and
respond reasonably promptly with respect to any information relating to it in any Securitization document, all at the cost and
expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the requesting Noteholder
pursuant to this Section 40 may be incorporated into the offering documents for a Securitization. A requesting Note A-1
Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder, Note A-7 Holder and each Rating Agency
shall be entitled to rely on the information supplied by each other Noteholder pursuant to this Section 40.

 

(b)  
The Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder or Note A-7 Holder
securitizing its Note may, at its election, deliver to each other Noteholder drafts of the preliminary and final Securitization
offering

 

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memoranda,
prospectus, preliminary prospectus and any other disclosure documents and (in the case of the Lead Securitization) the Servicing
Agreement simultaneously with distributions of any such documents to the general working group of the related Securitization.
Each other Noteholder may, at its election, review and comment thereon insofar as it relates to such other Noteholder and/or its
Note, and, if such other Noteholder elects to review and comment, such other Noteholder shall review and comment thereon as soon
as possible (but in no event later than (i) in the case of the first draft thereof, two (2) Business Days after receipt thereof
and (ii) in the case of each subsequent draft thereof, the deadline provided to the general working group of the related Securitization
for review and comment), and if such other Noteholder fails to respond within such time, such other Noteholder shall be deemed
to have elected to not comment thereon (but no failure to comment shall constitute a waiver of such other Noteholder’s rights
hereunder or under the Mortgage Loan Documents). In the event of any disagreement between any such other Noteholder with respect
to the preliminary and final offering memoranda, prospectus, free writing prospectus or any other disclosure documents the requesting
Noteholder’s determination shall control (the parties acknowledging that no inaccuracy in such documents shall in any respect
prejudice any such other Noteholder’s rights hereunder or under the Mortgage Loan Documents). No such other Noteholder shall
have any obligation or liability with respect to any such offering documents other than the accuracy of any comments it elects
to make regarding itself.

 

(c)   
Notwithstanding anything herein to the contrary, each of 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 and the Note A-7 Holder acknowledges and agrees that (i) no other
Noteholder shall be required to incur any out-of-pocket expenses in connection with their respective Securitizations of Note A-1,
Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note A-7, and (ii) any such other Noteholder shall only be required to disclose
such customary non-confidential information reasonably determined by the requesting Note A-1 Holder, Note A-2 Holder, Note A-3
Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder or the Note A-7 Holder, as applicable, to be necessary to satisfy its
disclosure obligations in connection with its Securitization.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	 	INITIAL NOTE A-1 HOLDER AND INITIAL
AGENT:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-2 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-3 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-4 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-5 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-6 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

	 	INITIAL NOTE A-7 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

  

	 	INITIAL NOTE B-1 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

  

	 	INITIAL NOTE B-2 HOLDER:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Thomas Rugg
	 	 	Name: Thomas Rugg

Title: Managing Director
	 	 	 
	 	By: 	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
 Title: Vice President

 

[Signature
Page to Agreement Among Noteholders (Tribeca House)]

 

     

     

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

		A.	Description of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of February 21, 2018 (as amended, restated, replaced, supplemented or otherwise modified from time to time), between Deutsche Bank AG, New York Branch (together with its successors and assigns, “Lender”), and 50 Murray Street Acquisition LLC, as borrower (“Borrower”)
	Date of the Mortgage Loan:	February 21, 2018
	Date of Note A-1:	February 21, 2018
	Date of Note A-2:	February 21, 2018
	Date of Note A-3:	February 21, 2018
	Date of Note A-4:	February 21, 2018
	Date of Note A-5:	February 21, 2018
	Date of Note A-6:	February 21, 2018
	Date of Note A-7:	February 21, 2018
	Date of Note B-1:	June 8, 2018
	Date of Note B-2:	June 8, 2018
	Initial Principal Amount of Mortgage Loan:	$257,000,000
	Location of Mortgaged Property:	53 Park Place and 50 Murray Street (a/k/a 110-120 Church Street), New York, New York
	Stated Maturity Date:	March 6, 2028

 

    A-1 

     

    

 

		B.	Description of Note Interests:

 

	Initial Note A-1 Principal Balance:	$50,000,000
	Initial Note A-2 Principal Balance:	$30,000,000
	Initial Note A-3 Principal Balance:	$30,000,000
	Initial Note A-4 Principal Balance:	$30,000,000
	Initial Note A-5 Principal Balance:	$20,000,000
	Initial Note A-6 Principal Balance:	$20,000,000
	Initial Note A-7 Principal Balance:	$10,000,000
	Initial Note B-1 Principal Balance:	$37,000,000
	Initial Note B-2 Principal Balance:	$30,000,000
	Initial Note A Percentage Interest:	73.93%
	Initial Note B Percentage Interest:	26.07%
	Note A Rate:	3.919%
	Note B Rate:	4.95%

 

    A-2 

     

    

  

EXHIBIT B

 

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, Initial Note A-7 Holder, Initial Note B-1
Holder and Initial Note B-2 Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

E-mail: Robert.Pettinato@db.com

 

with a copy to:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: General Counsel

Facsimile No. (646) 736-5721

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, NY 10281

Attention: Robert Kim

E-mail: Robert.Kim@cwt.com

 

    B-1 

     

    

 

EXHIBIT C

PERMITTED FUND MANAGERS

 

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	BlackRock, Inc.

		6.	Clarion Partners

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

		8.	Dune Real Estate Partners

		9.	Eightfold Real Estate Capital, L.P.

		10.	Fortress Investment Group, LLC

		11.	Garrison Investment Group

		12.	Goldman, Sachs & Co.

		13.	H/2 Capital Partners LLC

		14.	iStar Financial Inc.

		15.	J.P. Morgan Investment Management Inc.

		16.	LoanCore Capital

		17.	Lone Star Funds

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

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

		20.	Praedium Group

		21.	Rialto Capital Management, LLC

		22.	Rialto Capital Advisors LLC

		23.	Rockpoint Group

		24.	Rockwood

		25.	RREEF Funds

		26.	Square Mile Capital Management

		27.	Starwood Capital Group/Starwood Financial Trust

		28.	Teachers Insurance and Annuity Association of America

		29.	The Blackstone Group

		30.	The Carlyle Group

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

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

 

    C-1 

     

    

 

EXHIBIT D

 

PORTFOLIO INTEREST CERTIFICATION

 

Reference is hereby
made to the Agreement Between Noteholders, dated as of June 8, 2018 (as amended, supplemented or otherwise modified from time to
time, the “Agreement”), by and between Deutsche Bank AG, New York Branch, and Bank of America, N.A., and each
lender from time to time party thereto.

 

Pursuant to the provisions
of Section 32 (Withholding Taxes) of the Agreement, the undersigned hereby certifies that (i) it is the sole record and
beneficial owner of the promissory note evidencing Note B-[1][2] in respect of which it is providing this certificate, (ii) it
is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Mortgage
Loan Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related
to the Mortgage Loan Borrower as described in Section 881(c)(3)(C) of the Code.

 

The undersigned has
furnished the Master Servicer and the Mortgage Loan Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN-E.

 

Unless otherwise defined
herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.

 

[NAME OF LENDER]

 

	By:	 	 
	Name:

Title:	 
	 	 	 
	Date: ________ __, 20[ ]	 

 

    D-1Exhibit 4.13

 

EXECUTION COPY

  

AMENDED
AND RESTATED CO-LENDER AGREEMENT
 

Dated
as of September 17, 2018

by and between

 

Wilmington
Trust, National Association, as Trustee for the benefit of the registered holders of Benchmark 2018-B5 Mortgage Trust, Commercial
Mortgage Pass-Through Certificates, SERIES 2018-B5

(Note A-1 Holder),

 

JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION

(Initial Note A-2A Holder)

 

and

 

JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION

(Initial Note A-2B Holder)

 

Overland
Park Xchange

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1	Definitions	2
	Section 2	Servicing of the Mortgage Loan	16
	Section 3	Priority of Payments	22
	Section 4	Workout	23
	Section 5	Administration of the Mortgage Loan	23
	Section 6	Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative	28
	Section 7	Appointment of Special Servicer	31
	Section 8	Payment Procedure	32
	Section 9	Limitation on Liability of the Note Holders	33
	Section 10	Bankruptcy	33
	Section 11	Representations of the Note Holders	34
	Section 12	No Creation of a Partnership or Exclusive Purchase Right	34
	Section 13	Other Business Activities of the Note Holders	35
	Section 14	Sale of the Notes	35
	Section 15	Registration of the Notes and Each Note Holder	38
	Section 16	Governing Law; Waiver of Jury Trial	38
	Section 17	Submission To Jurisdiction; Waivers	39
	Section 18	Modifications	39
	Section 19	Successors and Assigns; Third Party Beneficiaries	40
	Section 20	Counterparts	40
	Section 21	Captions	40
	Section 22	Severability	40
	Section 23	Entire Agreement	40
	Section 24	Withholding Taxes	40
	Section 25	Custody of Mortgage Loan Documents	41
	Section 26	Cooperation in Securitization	42
	Section 27	Notices	43
	Section 28	Broker	43
	Section 29	Certain Matters Affecting the Agent	43
	Section 30	Termination and Resignation of Agent	44
	Section 31	Resizing	44

  

     i

     

    

THIS
AMENDED AND RESTATED CO-LENDER AGREEMENT (this “Agreement”), dated as of September 17, 2018 by and between
Wilmington Trust, National Association, as trustee for the benefit of the registered
holders of Benchmark 2018-B5 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2018-B5 (the “Note A-1
Holder”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (“JPM”, together with its successors and assigns
in interest, in its capacity as owner of the Note A-2A, the “Initial Note A-2A Holder”) and JPMORGAN CHASE
BANK, NATIONAL ASSOCIATION (together with its successors and assigns in interest, in its capacity as owner of the Note A-2B, the
“Initial Note A-2B Holder”, and together with the Initial Note A-2A 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), JPM originated a certain loan described on the schedule attached
hereto as Exhibit A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to the mortgage
loan borrower described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which was originally
evidenced, inter alia, by the following two promissory notes (i) one promissory note in the original principal amount of
$25,000,000, made by the Mortgage Loan Borrower in favor of JPM (“Note A-1”) and (ii) one promissory note
in the original principal amount of $53,000,000 made by the Mortgage Loan Borrower in favor of JPM (“Initial Note A-2”);
and secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain real property
located as described in the Mortgage Loan Agreement (collectively, the “Mortgaged Property”);

 

WHEREAS,
JPM, as the initial holder of Note A-1 and Initial Note A-2 entered into a Co-Lender Agreement dated as of July 17, 2018 (the
“Original Co-Lender Agreement”);

 

WHEREAS,
JPM sold, transferred and assigned its right, title and interest in and to Note A-1 to J.P. Morgan Chase Commercial Mortgage Securities
Corp. (“JPMCC”), as depositor, pursuant to a Mortgage Loan Purchase Agreement dated on or about August 21,
2018, by and among JPMCC, as purchaser, and JPM, as seller, and JPMCC transferred its right, title and interest in and to Note
A-1 to Wilmington Trust, National Association, as trustee for the Benchmark 2018-B5 Mortgage Trust under a pooling and servicing
agreement, dated as of August 1, 2018 (the “Note A-1 PSA”), between JPMCC, as depositor, Wells Fargo Bank,
National Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as special servicer,
Wilmington Trust, National Association, as trustee, Wells Fargo Bank, National Association, as certificate administrator, and
Pentalpha Surveillance LLC, as operating advisor and as asset representations reviewer;

 

WHEREAS,
pursuant to a Note Splitter and Loan Modification Agreement, dated as of September 17, 2018, the Initial Note A-2 was split into
two notes, Note A-2A in the principal amount of $28,000,000 and Note A-2B in the principal amount of $25,000,000 (“Note
A-2A” and “Note A-2B”, respectively and collectively with Note A-1, the “Notes”);

 

WHEREAS,
the Note A-1 Holder, the Initial Note A-2A Holder and the Initial Note A-2B Holder desire to enter into this Agreement to amend
and restate the Original Co-

 

     

     

    

 

Lender Agreement in its entirety and to memorialize the terms under which they, and their successors
and assigns, shall hold Note A-1, Note A-2A and Note A-2B, respectively;

 

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

 

Section
1.      Definitions.

 

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

 

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

 

“Agent”
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 Three
Wells Fargo, 401 S. Tryon Street, 8th Floor, MAC D1050-084, Charlotte, North Carolina 28202, Attention: Benchmark 2018-B5 Asset
Manager, and which is the address to which notices to and correspondence with the Agent should be directed. The Agent may change
the address of its designated office by notice to the Noteholders.

 

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

 

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

 

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

 

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

 

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

 

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

 

“CDO
Asset Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible
for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any
Intervening

 

    2 

     

    

 

Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the
holder of such Note).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Controlling
Class Representative” shall have the meaning assigned to the term “Directing Certificateholder” in
the Lead Securitization Servicing Agreement.

 

“Controlling
Note Holder” shall mean the Note A-2A Holder; provided that at any time Note A-2A is included in the Lead Securitization,
references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities
issued in the 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” hereunder or under the Lead Securitization Servicing
Agreement, as and to the extent provided in the Lead Securitization Servicing Agreement; provided that if at any time 50%
or more of Note A-2A (or class of securities issued in the 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, Note A-2A (or the class of securities issued
in the 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”) shall not be entitled to exercise any rights of the Controlling
Note Holder. If Note A-2A is included in a Securitization, the Lead Securitization Servicing Agreement may contain additional
limitations on the rights of the designated party entitled to exercise the rights of the “Controlling Note Holder”
hereunder if such designated party is the Mortgage Loan Borrower or if it has certain relationships with the Mortgage Loan Borrower.

 

    3 

     

    

 

“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 the “depositor” under the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity which
holds any Note as collateral securing (in whole

 

    4 

     

    

 

or in part) any obligation or security held by such Securitization Vehicle as
collateral for the CDO.

 

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

 

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

 

“Lead
Securitization” shall mean (a) during the period from and after the Securitization of any Non-Lead Securitization
Note and prior to the Securitization of Note A-2A, the Securitization of the first Note or portion thereof, and (b) on and
after the Securitization of Note A-2A, the Securitization of Note A-2A.

 

“Lead
Securitization Note” shall mean (a) during the period from and after the Securitization Date and prior to the Securitization
of Note A-2A, the first Note or portion thereof contributed to a Securitization, and (b) on and after the Securitization
of Note A-2A, Note A-2A.

 

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

 

“Lead
Securitization Servicing Agreement” shall mean (i) the pooling and servicing agreement entered in connection with the
Lead Securitization and (ii) on and after the date on which 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 Section 2(a).

 

“Lead
Securitization Subordinate Class Representative” shall mean the “Controlling Class Representative” as defined
in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

 

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

 

“Major
Decisions” shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing
Agreement; provided that at any time that Note A-2A is not included in the Lead Securitization, “Major Decision”
shall mean:

 

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

 

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

 

    5 

     

    

 

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

 

(iv)       any
sale of the Mortgage Loan (when it is a Defaulted Loan) or REO Property for less than the applicable Purchase Price (as defined
in the Lead Securitization Servicing Agreement);

 

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

 

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

 

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

 

(viii)     any
incurrence of additional debt by a borrower or any mezzanine financing by any beneficial owner of a borrower (to the extent that
the lender has consent rights pursuant to the related Mortgage Loan Documents);

 

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

 

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

 

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

 

(xii)      any
acceptance of an assumption agreement releasing a borrower, guarantor or other obligor from liability under the Mortgage Loan
other than pursuant to the specific terms of such Mortgage Loan and for which there is no lender discretion;

 

    6 

     

    

 

(xiii)      any
determination of an Acceptable Insurance Default (as defined in the Lead Securitization Servicing Agreement);

 

(xiv)      any
determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances described in
paragraph (c) of the definition of “Specially Serviced Loan” (as defined in the Lead Securitization Servicing Agreement);
or

 

(xv)       any
approval of a Major Lease (as defined in the Mortgage Loan Documents) to the extent lender’s approval is required by the
Mortgage Loan Documents;.

 

“Master
Servicer” shall mean the master servicer appointed under the Lead Securitization Servicing Agreement.

 

“Monthly
Payment Date” shall mean the Monthly 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 June 28, 2018, between OPX, LLC, as Mortgage Loan Borrower,
and JPM, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject
to the terms hereof.

 

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

 

“Mortgage
Loan 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.

 

    7 

     

    

 

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

 

“Non-Controlling
Note Holder” shall mean each Note Holder other than the Note A-2A Holder; provided that with respect to each
Non-Controlling Note, at any time such Non-Controlling Note is included in a Securitization, references to the “Non-Controlling
Note Holder” herein shall mean the related Non-Lead Securitization Subordinate Class Representative or the controlling class
representative under the Non-Lead Securitization Servicing Agreement or any other party assigned the rights under the Non-Lead
Securitization Servicing Agreement to exercise the rights of the “Non-Controlling Note Holder” hereunder, as and to
the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) has been given written notice; provided that with respect
to each of Note A-1 or Note A-2B, if at any time 50% or more of Note A-1 or Note A-2B 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 Note (and the majority
“controlling class” holder or other party assigned the rights to exercise the rights of such “Non-Controlling
Note Holder” as described above) shall not be entitled to exercise any rights of such Non-Controlling Note Holder, and there
shall be deemed to be no Non-Controlling Note Holder hereunder with respect to such Non-Controlling Note. The Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with
more than one party as representative of the “controlling class” holder(s) in respect of any Note that is exercising
the rights of a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing Agreement (it being
understood for the avoidance of doubt that the Lead Securitization Note Holder (or the Master Servicer or Special Servicer on
its behalf) may additionally need to deal with the master servicer, special servicer or other party to the related Securitization
Servicing Agreement) and, to the extent that any related Securitization Servicing Agreement assigns such rights to more than one
such party as the representative of the “controlling class” holder(s), for purposes of this Agreement, such Securitization
Servicing Agreement shall designate one party to deal with the Lead Securitization Note Holder (or the Master Servicer or the
Special Servicer acting on its behalf) as the representative of the related “controlling class” holder(s) in exercising
its rights as a “Non-Controlling Note Holder” herein or under the Lead Securitization Servicing Agreement, and such
party shall provide written notice of such designation to the Lead Securitization Note Holder (and the Master Servicer and the
Special Servicer acting on its behalf); provided that, in the absence of such designation and notice, the Lead Securitization
Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as
to which it has received written notice as having been designated as the applicable Non-Controlling Note Holder, as the applicable
Non-Controlling Note Holder under this Agreement.

 

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

 

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with
the Agent for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law
and which, pursuant

 

    8 

     

    

 

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
Certificate Administrator” shall mean the “certificate administrator” 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 have the meaning assigned to such term in Section 2(b).

 

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

 

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

 

“Non-Lead
Securitization Note” shall mean (a) during the period from and after the Securitization Date and prior to the Securitization
of Note A-2A, any of the Notes other than the first Note or portion thereof contributed to a Securitization, and (b) on and
after the Securitization of Note A-2A, Note A-1 and Note A-2B.

 

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

 

“Non-Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in the Securitization of any Non-Lead Securitization Note designated as the “controlling class” pursuant to the related
Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the
class of securities issued in any 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, no person shall be entitled to exercise the rights of the related Non-Lead
Securitization Subordinate Class Representative.

 

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

 

    9 

     

    

 

“Non-Lead
Special Servicer” shall have the meaning assigned to such term in Section 2(b).

 

“Non-Lead
Trustee” shall have the meaning assigned to such term in Section 2(b).

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Notes”
shall mean, collectively, Note A-1, Note A-2A and Note A-2B.

 

“Operating
Advisor” shall mean the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

    10 

     

    

 

the Lead Securitization Note or (b) a party to the Non-Lead Securitization Servicing Agreement
in respect of a delinquent monthly debt service payment on the Non-Lead Securitization Note.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    11 

     

    

 

(c)          one
or more of the following:

 

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

 

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

 

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

 

(iv)       an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in
clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund
manager responsible for the day-to-day management and operation of such investment vehicle and provided that at least 50%
of the equity interests in such investment vehicle are owned, directly or indirectly, by one or

 

    12 

     

    

 

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

 

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

 

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

 

“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest
or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally
recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with
the Securitization of the related Note; provided, however, that, at any time during which 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 prior to a Securitization, any action that would otherwise require a Rating Agency Confirmation
shall instead require the consent of the Controlling Note Holder, which consent shall not be unreasonably withheld or delayed
and 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.

 

    13 

     

    

 

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

 

“Regulation
AB” shall mean Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100 - 229.1125,
as such rules may be amended from time to time, but only to the extent compliance is required as of the applicable date of determination,
and subject to such clarification and interpretation as have been provided by the SEC or by the staff of the SEC, or as may be
provided by the SEC 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 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.

 

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

 

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

 

    14 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Servicing
Fee Rate” shall have the meaning given thereto in the Lead Securitization Servicing Agreement (or other analogous term
under the Lead Securitization Servicing Agreement).

 

“Special
Servicer” shall mean the special servicer appointed under 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 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

 

    15 

     

    

 

estate whose
income is subject to United States federal income tax regardless of its source, or a trust if a court within the United States
is able to exercise primary supervision over the administration of such trust, and one or more such U.S. Persons have the authority
to control all substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, a trust in
existence on August 20, 1996 which is eligible to elect to be treated as a U.S. Person).

 

Section
2.      Servicing of the Mortgage Loan.

 

(a)       Each
Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and
after the Securitization Date pursuant to the Lead Securitization Servicing Agreement. Each Note Holder acknowledges that the
other Note Holders may elect, in their sole discretion, to include their Notes 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. 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, shall provide information to each Servicer under the Non-Lead Securitization Servicing Agreement to enable
each such Servicer to perform its servicing duties under the Non-Lead Securitization Servicing Agreement and shall not take any
action or refrain from taking any action or follow any direction inconsistent with the foregoing. Subject to the terms and conditions
of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer,
the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator and the Trustee under the Lead Securitization
Servicing Agreement by the Depositor and the appointment of the initial Special Servicer by the Controlling Note Holder as may
be replaced pursuant to the terms of the Lead Securitization Servicing Agreement and agrees to reasonably cooperate with the Master
Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead Securitization
Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in
the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to
the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject
at all times to the rights of 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 against any other
Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however, this statement
shall not be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder.

 

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 any Non-Lead Securitization Note is in a Securitization, then a Rating Agency
Confirmation shall have been obtained from each Rating Agency for each Securitization then outstanding with

 

    16 

     

    

 

respect to which certificates
thereof are then rated by such Rating Agency; provided, further, however, that until a replacement servicing
agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to
the provisions of the Lead Securitization Servicing Agreement as if such agreement was still in full force and effect with respect
to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder,
which with respect to the master servicer shall be a qualified servicer meeting the requirements of the Lead Securitization Servicing
Agreement and with respect to the special servicer shall be an Approved Servicer.

 

The
Lead Securitization Note Holder agrees that, if any Lead Securitization Note is included in a Securitization, the related Lead
Securitization Note Holder shall cause the applicable Lead Securitization Servicing Agreement to contain a provision that requires
any Lead Certificate Administrator to deliver to each Non-Lead Trustee, each Non-Lead Certificate Administrator, each Non-Lead
Special Servicer, each Non-Lead Master Servicer, each Non-Lead Operating Advisor and each Non-Lead Asset Representations Reviewer,
as applicable, promptly following the Securitization of any Lead Securitization Note, notice of the deposit of Lead Securitization
Note into a Securitization Trust (which notice shall also provide contact information for the related Lead Trustee, the related
Lead Certificate Administrator, the related Lead Master Servicer, the related Lead Special Servicer, the related Lead Operating
Advisor, the related Lead Asset Representations Reviewer, accompanied by a certified copy of the executed Lead Securitization
Servicing Agreement.

 

(b)       The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances with respect to the Mortgage
Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make
P&I Advances on the Lead Securitization Note, if and to the extent provided in the Lead Securitization Servicing Agreement
and this Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal or
interest in respect of any Note other than the Lead Securitization Note if such principal or interest is not paid by the Mortgage
Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance premiums and other expenses related to
the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage thereon, subject to the
terms of the Lead Securitization Servicing Agreement including any provisions governing the determination of non-recoverability.
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 or Companion Distribution 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 Collection Account or Companion Distribution 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 any interest accrued and payable on a Servicing Advance or a Nonrecoverable Servicing Advance
at the Reimbursement Rate in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including
from general collections of the Lead Securitization and, in the case of Servicing Advances, from general collections of any Non-Lead

 

    17 

     

    

 

Securitization as provided below. 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 interest
at the Reimbursement Rate accrued and payable on a Servicing Advance or a Nonrecoverable Servicing Advance, the applicable Non-Lead
Securitization Note Holder (including, if the applicable Non-Lead Securitization Note has been included in any Non-Lead Securitization,
from general collections or any other amounts from any Non-Lead Securitization Trust) shall be required to, promptly following
notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Servicing
Advance or any such interest accrued and payable thereon at the Reimbursement Rate.

 

In
addition, each Non-Lead Securitization Note Holder (including, but not limited to, any Non-Lead Securitization Trust) shall be
required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization
for the applicable Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in
connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the
Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer or the Depositor, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement and any costs, fees and expenses related
to obtaining any Rating Agency Confirmation, to the extent amounts on deposit in the Collection Account (with respect to the Mortgage
Loan) or Companion Distribution 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. The Non-Lead Securitization Holders agree to indemnify
(i) (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties in respect
of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead Securitization Servicing Agreement) each
of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations
Reviewer and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties are
identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) and (ii)
the Lead Securitization Trust (such parties in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified
Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any
other costs, liabilities, fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan
and the Mortgaged Property (or, with respect to the Operating Advisor, incurred in connection with the provision of services for
the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”)
to the extent of their pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Collection
Account (with respect to the Mortgage Loan) or Companion Distribution Account that are allocated to the related Non-Lead Securitization
Note are insufficient for reimbursement of such amounts, the related Non-Lead Securitization Note Holder shall be required to,
promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the applicable Indemnified
Parties for its pro rata share of the insufficiency, (including, if the applicable Non-Lead Securitization Note has been
included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust).

 

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The
master servicer of any Non-Lead Securitization (each a “Non-Lead Master Servicer”) may be required to make
P&I Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the servicing agreement
for the related Securitization (each a “Non-Lead Securitization Servicing Agreement”) and this Agreement. The
Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Lead Securitization Note based on the information that they have on hand and
in accordance with the Lead Securitization Servicing Agreement. The applicable Non-Lead Master Servicer and the special servicer
and the trustee under any Non-Lead Securitization Servicing Agreement (respectively, a “Non-Lead Special Servicer”
and a “Non-Lead Trustee”), as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on the information that they have
on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as
applicable, and any Non-Lead Master Servicer or any Non-Lead Trustee shall be required to notify the others of the amount of its
P&I Advance within two (2) business days of making such advance. If the Master Servicer, the Special Servicer or the Trustee,
as applicable (with respect to the Lead Securitization Note) or any Non-Lead Master Servicer, Non-Lead Special Servicer or any
Non-Lead Trustee, as applicable (with respect to the related 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 any Non-Lead Master Servicer or any Non-Lead Trustee (as provided in the related
Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by any Non-Lead Master Servicer,
any Non-Lead Special Servicer or any Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or any Non-Lead Master
Servicer and any Non-Lead Trustee, as the case may be, of the other Securitizations within two (2) business days of making such
determination. Each of the Master Servicer, the Trustee, the related Non-Lead Master Servicer and the related Non-Lead Trustee,
as applicable, will only be entitled to reimbursement for a P&I Advance and advance interest thereon that becomes non-recoverable
first from the Collection Account or Companion Distribution 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
any 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 agrees that, if any Non-Lead Securitization Note is included in a Securitization, the related
Non-Lead Securitization Note Holder shall cause the applicable Non-Lead Securitization Servicing Agreement to contain provisions
to the effect that:

 

(i)       the
applicable Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances (and
advance interest thereon) and any

 

    19 

     

    

 

additional trust fund expenses, but only to the extent that they relate to servicing and administration
of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and
Workout Fees relating to the Notes, and that in the event that the funds received with respect to each respective Note are insufficient
to cover such Servicing Advances or additional trust fund expenses, (A) the related Non-Lead Master Servicer will be required
to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, out of general funds in
the collection account (or equivalent account) established under the related Non-Lead Securitization Servicing Agreement for such
Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable 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 (B) if
the Lead Securitization Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator or
the Trustee to reimburse itself from the Lead Securitization Trust’s general funds of the Collection Account, then the Master
Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, may do so, and the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee,
reimburse the Lead Securitization Trust out of general funds in the collection account (or equivalent account) established under
the related Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share
of any such Nonrecoverable 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 and, in the case of the Lead Securitization Trust, to the extent of any additional trust
fund expenses with respect to the Mortgage Loan) by the related Non-Lead Securitization Trust, against any of the Indemnified
Items to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Collection
Account or Companion Distribution Account that are allocated to the related Non-Lead Securitization Note are insufficient for
reimbursement of such amounts, the related Non-Lead Master Servicer will be required to reimburse each of the applicable Indemnified
Parties for such Non-Lead Securitization Note’s 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;

 

(iii)       any
Non-Lead Certificate Administrator will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer,
the Master Servicer, the Operating Advisor and the Asset Representations Reviewer (i) if not provided by such Non-Lead Securitization
Note Holder, promptly following the Securitization of any Non-

 

    20 

     

    

 

Lead Securitization Note, notice of the deposit of any Non-Lead
Securitization Note into a Securitization Trust (which notice shall also provide contact information for the related Non-Lead
Trustee, the related Non-Lead Certificate Administrator, the related Non-Lead Master Servicer, the related Non-Lead Special Servicer,
the related Non-Lead Operating Advisor, the related Non-Lead Asset Representations Reviewer and the party designated to exercise
the rights of the “Non-Controlling Note Holder” under this Agreement), accompanied by a certified copy of the executed
Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity of the related Non-Lead Master
Servicer or the party designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement
(together with the relevant contact information) and

 

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

 

(d)       The
Lead Securitization Servicing Agreement shall provide that compensating interest payments as defined therein with respect to Note
A-1, Note A-2A and Note A-2B will be allocated by the Master Servicer between Note A-1, Note A-2A and Note A-2B, pro rata,
in accordance with their respective principal amounts. The Master Servicer shall remit any compensating interest payment in respect
of any Non-Lead Securitization Note to the related Non-Lead Securitization Note Holder.

 

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

 

(f)       The
Note A-1 Holder and Note A-2B Holder, as applicable, shall give each of the parties to the Lead Securitization Servicing Agreement
(that will not also be a party to any Non-Lead Securitization Servicing Agreement) notice of the Note A-1 Securitization or Note
A-2B Securitization, respectively, in writing (which may be by e-mail) prior to or promptly following the related Note A-1 Securitization
Date or Note A-2B Securitization Date, respectively. Such notice shall contain contact information for each of the parties to
any Non-Lead Securitization Servicing Agreement. In addition, after the related Note A-1 Securitization Date or Note A-2B Securitization
Date, the Note A-1 Holder or the Note A-2B Holder, as applicable, shall send a copy of the related Non-Lead Securitization Servicing
Agreement to each of the parties to the Lead Securitization Servicing Agreement.

 

(g)       The
Lead Securitization Servicing Agreement shall provide that if a Non-Lead Securitization Note becomes the subject of an Asset Review
pursuant to the related Non-Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer and the Trustee
and the Certificate Administrator shall reasonably cooperate with such Non-Lead Asset Representations Reviewer in connection with
such Asset Review by providing such Non-Lead Asset Representations Reviewer with any documents reasonably requested by such Non-Lead
Asset Representations Reviewer, but only to the extent that such documents are in the

 

    21 

     

    

 

possession of the Master Servicer, the Special
Servicer, the Trustee or the Certificate Administrator, as the case may be, and are not in the possession of the Non-Lead Asset
Representations Reviewer, Non-Lead Master Servicer, Non-Lead Special Servicer or custodian and not subject to any confidentiality
provisions, as the case may be, but in any event excluding any documents known to the Master Servicer, the Special Servicer, the
Trustee or the Custodian to contain information that is proprietary to the related originator or mortgage loan seller or any draft
documents or privileged or internal communications.

 

Section
3.      Priority of Payments.  Each Note shall be of equal priority, and no portion
of any Note shall have priority or preference over any portion of any other Note or security therefor. All amounts tendered by
the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or
the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan, or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements 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 reimbursements of P&I Advances (and interest thereon) made with respect to Note A-1, Note A-2A or Note
A-2B which may only be reimbursed out of payments and collections allocable to Note A-1, Note A-2A or Note A-2B, as applicable,
(ii) any Servicing Fees due to the Master Servicer in excess of any Non-Lead Securitization Note’s pro rata share
of that portion of such Servicing Fees calculated at the Servicing Fee Rate applicable to the Mortgage Loan as set forth in the
Lead Securitization Servicing Agreement) to any Servicer (or the Trustee as successor to the 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) and any Special Servicing Fees, Liquidation
Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately following paragraph), amounts paid by the Borrower
in respect of modification fees or assumption fees and any other additional compensation payable pursuant to the Lead Securitization
Servicing Agreement), shall be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and
Pari Passu Basis.

 

For
clarification purposes, Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid shall be allocated to
the Notes on a Pro Rata and Pari Passu Basis and applied first, 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, to reduce, on a pro rata basis, the respective amounts payable on each Note by the amount necessary to pay the Master
Servicer, Trustee, any Non-Lead Master Servicer or any Non-Lead Trustee for any interest

 

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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 any Non-Lead Securitization
Servicing Agreement, as applicable), third, to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary
to pay additional trust fund expenses (other than Special Servicing Fees, unpaid Workout Fees and Liquidation Fees) incurred with
respect to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement) and finally, (i) in the case of the
remaining amount of Penalty Charges allocable to the Lead Securitization Note, be paid to the Master Servicer and/or the Special
Servicer as additional servicing compensation as provided in the Lead Securitization Servicing Agreement and (ii) in the
case of the remaining amount of Penalty Charges allocable to any Non-Lead Securitization Note, be paid, (x) prior to the securitization
of such Note, to the related Non-Lead Securitization Note Holder and (y) following the securitization of such Note, 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 are waived, reduced or deferred or (iv) any other adjustment is
made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification of the Mortgage
Loan Documents shall be structured to preserve, the equal priorities of each Note as described in Section 3.

 

Section
5.      Administration of the Mortgage Loan.

 

(a)       Subject
to this Agreement 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, the Non-Lead Securitization Note Holders agree that they shall have no right
to, and hereby presently and irrevocably assign and convey 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 Holders
have to, (i) call or cause the Lead Securitization Note Holder to call an Event of Default under the Mortgage Loan, or (ii) exercise
any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing
the Lead Securitization Note Holder

 

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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 the Non-Lead Securitization Note Holders in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of
funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special
Servicer) or any liability for failure to do so).

 

Upon
the Mortgage Loan becoming a Defaulted Loan, the Non-Lead Securitization Note Holders hereby acknowledge the right and obligation
of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder) to sell
the Non-Lead Securitization Notes together with the Lead Securitization Note 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 any Non-Lead Securitization Note together with the Lead Securitization Note in the manner set forth in the Lead
Securitization Servicing Agreement and shall be required to 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 and
be accompanied by a refundable deposit of cash in an amount equal to 5% of the offer amount (subject to a cap of $2,500,000).
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 from an Interested
Person represents a fair price for the Mortgage Loan, the Trustee shall be supplied with and shall rely on the most recent Appraisal
or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement within the preceding 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 if it becomes a Defaulted Loan without the written consent of the Non-Lead Securitization
Note Holders (provided that such consent is not required if any Non-Lead Securitization Note Holder is the Mortgage Loan
Borrower or an affiliate of the Mortgage Loan Borrower) unless the Special Servicer has delivered to the Non-Lead Securitization
Note Holders: (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 material amendments
to such bid packages) received by the Special Servicer in connection with any such proposed sale, (c) at least ten (10) days prior
to the proposed sale date, a copy of

 

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the most recent Appraisal for the Mortgage Loan, and any documents in the Servicing File
reasonably requested by any Non-Lead Securitization Note Holder that are material to the sale price of the Mortgage Loan and (d)
until the sale is completed, and a reasonable period of time (but no less time than is afforded to the other offerors and the
Lead Securitization Subordinate Class Representative) prior to the proposed sale date, all information and other documents being
provided to other offerors and all leases or other documents that are approved by any Servicer in connection with the proposed
sale; provided, that such Non-Lead Securitization Note Holders may waive any of the delivery or timing requirements set
forth in this sentence. Subject to the terms of the Lead Securitization Servicing Agreement, each of the Controlling Note Holder,
the Controlling Note Holder Representative, the Non-Lead Note Holders and the applicable Non-Controlling Note Holder Representative
shall be permitted to bid at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate
of the Mortgage Loan Borrower.

 

The
Non-Lead Securitization 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 soliciting
and accepting offers for and consummating the sale of Non-Lead Securitization Notes. The Non-Lead Securitization Note Holders
further agree that, upon the request of the Lead Securitization Note Holder, the Non-Lead Securitization Note Holders shall execute
and deliver to or at the direction of Lead Securitization Note Holder such powers of attorney or other instruments as the Lead
Securitization Note Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case
promptly following request, and shall deliver the original Non-Lead Securitization Note, endorsed in blank, to or at the direction
of the Lead Securitization Note Holder in connection with the consummation of any such sale.

 

The
authority of the Lead Securitization Note Holder to sell any Non-Lead Securitization Note, and the obligations of the Non-Lead
Securitization Note Holders to execute and deliver instruments or deliver any Non-Lead Securitization Note upon request of the
Lead Securitization Note Holder, shall terminate and cease to be of any further force or effect upon the date, if any, upon which
the Lead Securitization Note is repurchased by the Initial Note A-2A Holder from the trust fund established under the Lead Securitization
Servicing Agreement in connection with a material breach of representation or warranty made by the Initial Note A-2A Holder with
respect to Lead Securitization Note or material document defect with respect to the documents delivered by the Initial Note A-2A
Holder with respect to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall
not be construed to grant to the Non-Lead Securitization Note Holders the benefit of any representation or warranty made by the
Initial Note A-2A Holder or any document delivery obligation imposed on the Initial Note A-2A Holder under any mortgage loan purchase
and sale agreement, instrument of transfer or other document or instrument that may be executed or delivered by the Initial Note
A-2A Holder in connection with the Lead Securitization.

 

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

 

    25 

     

    

 

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 the Note Holders as a collective whole. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing
Agreement. All rights and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master
Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization Note Holder.
The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Lead Securitization
Note Holder in its capacity as Non-Lead Securitization Note Holder without the related Non-Lead Securitization Note Holder’s
prior written consent. Each Non-Lead Securitization Note Holder (unless it is the same Person as or an Affiliate of the Mortgage
Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with respect to their rights
as specifically provided for therein.

 

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

 

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

 

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

 

In
addition to the consultation rights of the Non-Lead Securitization Note Holders (or their Non-Controlling Note Holder Representatives)
provided in the immediately preceding paragraph, the Non-Lead Securitization Note Holders shall have the right to attend annual
meetings (either telephonically or in person, in the discretion of the Servicer) with the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer,
as applicable, upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed; provided that such Non-Lead Securitization Note Holder,
at the request of the Master Servicer or the Special Servicer, as applicable, shall execute a confidentiality agreement in form
and substance satisfactory to it, the Master Servicer or the Special Servicer, as applicable, and the Lead Securitization Note
Holder.

 

(e)       If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Note Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Note Holder therein shall at all times qualify as “foreclosure

 

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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 other is not, such other Note Holder shall not be required to reimburse such Note Holder or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC
or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any
of the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use of funds
for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to
the other Note Holders be reduced to offset or make-up any such payment or deficit.

 

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

 

(a)       The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative 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. No
Servicer, Operating Advisor, Asset Representations Reviewer, Trustee or Certificate Administrator acting on behalf of the Lead
Securitization Note Holder shall be required to recognize any Person as a Controlling Note Holder Representative until the Controlling
Note Holder has notified each Servicer, Operating Advisor, Asset Representations Reviewer, Trustee and Certificate Administrator
of such appointment and, if the Controlling Note Holder Representative is not the same Person as the Controlling Note Holder,
the Controlling Note Holder Representative provides each Servicer,

 

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Operating Advisor, Asset Representations Reviewer, Trustee
and Certificate Administrator with written confirmation of its acceptance of such appointment, an address and facsimile number
for the delivery of notices and other correspondence and a list of officers or employees of such person with whom the parties
to this Agreement may deal (including their names, titles, work addresses and facsimile numbers). The Controlling Note Holder
shall promptly deliver such information to each Servicer, Operating Advisor, Asset Representations Reviewer, Trustee and Certificate
Administrator. So long as no Consultation Termination Event (including any such deemed event) is in effect pursuant to the terms
of the Lead Securitization Servicing Agreement, the Controlling Note Holder Representative shall be the Lead Securitization Subordinate
Class Representative.

 

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

 

(c)       Each
Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (each a “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) (except those contained in the last sentence thereof) and Section 6(b) shall apply to the Non-Controlling Note Holders and
the related Non-Controlling Note Holder Representatives mutatis mutandis. The Non-Controlling Note Holder Representatives,
as of the date of this Agreement and until the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer)
is notified otherwise, shall be the Note A-1 Holder and the Initial Note A-2B Holder.

 

(d)       The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Lead Securitization Note hereunder
and the rights and powers granted to

 

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the “Controlling Class Representative” or similar party under, and as
defined in, the Lead Securitization Servicing Agreement with respect to the Mortgage Loan. In addition, the Controlling Note Holder
shall be entitled to advise (1) the Special Servicer with respect to all matters related to a “Specially Serviced
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 30 days with respect to an Acceptable
Insurance Default if so provided for in the Lead Securitization Servicing Agreement) 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.

 

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 five (5) Business Days if the Controlling Note Holder and the Special Servicer are affiliates
or 30 days with respect to an Acceptable Insurance Default if so provided in the Lead Securitization Servicing Agreement) after
delivery to the Controlling Note Holder by the applicable Servicer of written notice of a proposed Major Decision, then the Controlling
Note Holder will be deemed to have approved such action.

 

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 or materially expand the scope of responsibilities of any of the Master Servicer or Special Servicer, as applicable.

 

The
Controlling Note Holder shall have no liability to the other Note Holders or any other party for any action taken, or for refraining
from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the
Lead Securitization Servicing Agreement, or errors in judgment, absent any loss, liability or expense

 

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

 

Section
7.      Appointment of Special Servicer.  Subject to the terms of the Lead Securitization Servicing Agreement, the Controlling
Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from time to time, with or without
cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a replacement Special Servicer
in lieu thereof. Any designation by Controlling Note Holder (or its Controlling Note Holder Representative) of a Person to serve
as Special Servicer shall be made by delivering to the other Note Holders, the Master Servicer, the then existing Special Servicer
and other parties to the Lead Securitization Servicing Agreement a written notice stating such designation and satisfying the
other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement (including, without limitation,
a Rating Agency Confirmation, if required by the terms of the Lead Securitization Servicing Agreement), if any. 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 a Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the
right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling
Note Holder) to terminate the Special Servicer under the Lead Securitization Servicing Agreement (or at any time that the Mortgage
Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement
pursuant to which the Mortgage Loan is being serviced) solely with respect to the Mortgage Loan pursuant to and in accordance
with the terms of the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the
provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage Loan
is being serviced). The Controlling Note Holder and the Non-Controlling Note Holders acknowledge and agree that any successor
special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at
any Non-Controlling Note Holder’s direction cannot at any time be

 

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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 Collection Account or Companion Distribution Account.

 

Section
8.      Payment Procedure.

 

(a)       The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the
Lead Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the Collection
Account or Companion Distribution Account, as applicable, pursuant to and in accordance with the Lead Securitization Servicing
Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall (i) deposit such amounts to
the applicable account within two (2) Business Days after receipt of properly identified and available funds by the Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower and (ii) remit from
the applicable account, (A) prior to the Securitization Date, within two Business Days of receipt of properly identified funds
(unless otherwise specified pursuant to an interim servicing agreement) and (B) on or after the Securitization Date, (1) with
respect to the Lead Securitization Note, the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization
Note and (2) with respect to each Non-Lead Securitization Note, (x) prior to the Non-Lead Securitization, the remittance date
under the Lead Securitization Servicing Agreement for the Lead Securitization Note and (y) on or after the Non-Lead Securitization,
the earlier of the remittance date under the Lead Securitization Servicing Agreement and the business day immediately succeeding
the “determination date” set forth in the related Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization
Note, all payments received and allocable pursuant to this Agreement and the Lead Securitization Servicing Agreement with respect
to the Non-Lead Securitization Notes (net of amounts payable or reimbursable from such account) by wire transfer to accounts maintained
by the applicable Note Holder.

 

(b)       If
the Lead Securitization Note Holder determines, or a court of competent jurisdiction orders, at any time that any amount received
or collected in respect of any Note must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or similar
law, be returned to the Mortgage Loan Borrower or paid to the Lead Securitization Note Holder, any Non-Lead Securitization Note
Holder or any Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, the Lead Securitization
Note Holder shall not be required to distribute any portion thereof to the related Non-Lead Securitization Note Holder and the
related 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.

 

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(c)       If,
for any reason, the Lead Securitization Note Holder makes any payment to any 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 applicable Non-Lead Securitization Note Holder, the related 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 any Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future payments
due to such Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead Securitization Note Holder’s obligations
under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.      Limitation on Liability of the Note Holders.  Subject to the terms of the Lead Securitization Servicing Agreement
governing Servicer liability, each Note Holder shall have no liability to the other Note Holders with respect to its Note except
with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part
of such Note Holder.

 

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

 

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file any motion, claim, obligation, notice or application or take any other action in any case by or against the
Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the Lead
Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney coupled
with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and all actions available to
any Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower under the Bankruptcy
Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any claim, vote
to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage
Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Note Holders
hereby agree that, upon the request of the Lead Securitization Note Holder, 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 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. No Note Holder shall have any obligation whatsoever to offer to the other Note Holders
the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and
if any Note Holder chooses to offer to the other Note Holders the opportunity to purchase a participation interest in any future
mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price

 

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and interest rate
as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase
from the other Note Holders a participation interest in any future loans originated by such Note Holders or their Affiliates.

 

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

 

Section
14.      Sale of the Notes.

 

(a)       Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holders 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 to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy
of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective
Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (1) prior to a Securitization,
the consent of each non-transferring Note Holder or (2) after a Securitization of any Note Holder’s Note, Rating Agency
Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s prior consent (which will not be
unreasonably withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust, without Rating
Agency Confirmation, no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note) to
the Mortgage Loan Borrower or a 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 the non-transferring
Note Holders (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses relating to
the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder
shall have the right, without the need to obtain the consent of any other Note Holder, the Rating Agencies or any other Person,
to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in its Note. None of the provisions of this
Section 14(a) shall apply in the case of (1) a sale of all of the Notes together 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,

 

    35 

     

    

 

100% of the equity interest in which is owned directly
or indirectly, through one or more single member limited liability companies or limited partnerships, by the Lead Securitization
Trust.

 

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

 

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

 

(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 the other Note Holders and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Note Holders agree to acknowledge
receipt of such notice and thereafter agree: (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 the other Note 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 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

 

    36 

     

    

 

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 the other Note
Holders and any Servicer by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods,
under the pledging Note Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the
pledging Note Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and
until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments
that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to
this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely
releases the other Note Holders and any Servicer from any liability to the pledging Note Holder on account of such other Note
Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note Holder to
have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging
Note Holder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable
law and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee
other than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure
or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor
to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified
Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such
Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions
of this 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

  

    37 

     

    

 

refinance its outstanding commercial paper even if there is no default by such Note Holder, the Conduit Credit Enhancer
will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Note Holder’s
Note to the Conduit Credit Enhancer; and

 

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

 

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

 

In
connection with any Transfer of a Note (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 the other Note Holders against any liability
that may result if the transfer is not made in accordance with the provisions of this Agreement.

 

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

 

    38 

     

    

 

OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

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

 

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

 

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

 

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

 

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

 

Section
18.      Modifications.  This Agreement shall not be modified, cancelled or terminated except by an instrument in writing
signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall
not amend or modify this Agreement without first receiving a Rating Agency Confirmation from each Rating Agency for each Securitization
then outstanding with respect to which Certificates thereof are then rated by such Rating Agency; provided 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 including, without limitation, in connection with the creation of New
Notes pursuant to Section 31 or (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 any Non-Lead Securitization Servicing Agreement,
as applicable.

 

    39 

     

    

 

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

 

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

 

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

 

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

 

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

 

Section
24.      Withholding Taxes.  (a) If the Lead Securitization Note Holder or the Mortgage Loan Borrower shall be required
by law to deduct and withhold Taxes from interest, fees or other amounts payable to any Non-Lead Securitization Note Holder with
respect to the Mortgage Loan as a result of any Non-Lead Securitization Note Holder constituting a Non-Exempt Person, the Lead
Securitization Note Holder, in its capacity as servicer, shall be entitled to do so with respect to such Non-Lead Securitization
Note Holder’s interest in such payment (all withheld amounts being deemed paid to such Note Holder), provided that
the Lead Securitization Note Holder shall furnish the related 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)       The
Non-Lead Securitization Note Holders shall and hereby agree to indemnify the Lead Securitization Note Holder against and hold
the Lead Securitization Note

 

    40 

     

    

 

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 any Non-Lead
Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided
by the Non-Lead Securitization Note Holders to the Lead Securitization Note Holder in connection with the obligation of the Lead
Securitization Note Holder to withhold Taxes from payments made to Non-Lead Securitization 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) any Non-Lead Securitization Note Holder, upon request of the Lead Securitization Note Holder
and at its sole cost and expense, shall defend any claim or action relating to the foregoing indemnification using counsel selected
by the Lead Securitization Note Holder.

 

(c)       Each
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of this Agreement, the
Non-Lead Securitization Note Holders 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 any Non-Lead Securitization
Note Holder is created or organized under the laws of the United States, any state thereof or the District of Columbia, it shall
satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Note Holder an Internal Revenue Service
Form W-9 and (ii) if any Non-Lead Securitization Note Holder is not created or organized under the laws of the United States,
any state thereof or the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is
treated for United States income tax purposes as derived in whole or part from sources within the United States, such Note Holder
shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Note Holder Internal Revenue
Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms, as may be required from time
to time, duly executed by such Note Holder, as evidence of such Note Holder’s exemption from the withholding of United States
tax with respect thereto. The Lead Securitization Note Holder shall not be obligated to make any payment hereunder with respect
to any Non-Lead Securitization Note or otherwise until the related Non-Lead Securitization Note Holder shall have furnished to
the Lead Securitization Note Holder requested forms, certificates, statements or documents.

 

Section
25.      Custody of Mortgage Loan Documents.  The originals of all of the Mortgage Loan Documents (other than any Non-Lead
Securitization Note) (a) prior to the Lead Securitization will be held by the Initial Agent and (b) after the Lead Securitization,
will be held

 

    41 

     

    

 

by the Lead Securitization Note Holder (in the name of the Trustee and held by a duly appointed custodian therefor
in accordance with the Lead Securitization Servicing Agreement), in each case, on behalf of the registered holders of the Notes.

 

Section
26.      Cooperation in Securitization.

 

(a)       Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
the Non-Lead Securitization Note Holders shall use reasonable efforts, at Lead Securitization Note Holder’s expense, to
satisfy, and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy,
the market standards to which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the
marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable)
any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in
attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case,
as may be reasonably requested by the Rating Agencies to effect the Securitization; provided, however, that either
in connection with the Lead Securitization or otherwise at any time prior to the Lead Securitization, 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, any Non-Lead Securitization Note Holder 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, Non-Lead Securitization Note Holders agree to provide
for inclusion in any disclosure document relating to the Lead Securitization such information concerning the Non-Lead Securitization
Note Holders and any Non-Lead Securitization Note as the Lead Securitization Note Holder reasonably determines to be necessary
or appropriate, and the Non-Lead Securitization Note Holders covenant and agree that they shall, at the Lead Securitization Note
Holder’s expense, cooperate with the reasonable requests of each Rating Agency and Lead Securitization Note Holder in connection
with the Lead Securitization (including, without limitation, reasonably cooperating with the Lead Securitization Noteholder (without
any obligation to make additional representations and warranties) to enable the Lead Securitization Noteholder to make all necessary
certifications and deliver all necessary opinions (including customary securities law opinions) in connection with the Mortgage
Loan and the Lead Securitization), as well as in connection with all other matters and the preparation of any offering documents
thereof and to review and respond reasonably promptly with respect to any information relating to the Non-Lead Securitization
Note Holders and any Non-Lead Securitization Note in any Securitization document. Any Non-Lead Securitization Note Holder acknowledges
that the information provided by it to the Lead Securitization Note Holder may be incorporated into the offering documents for
the Lead Securitization. The Lead Securitization Note Holder and each Rating Agency shall be entitled to rely on the information
supplied by, or on behalf of, any Non-Lead Securitization Note Holder. The Lead Securitization Note Holder will reasonably cooperate
with any Non-Lead Securitization Note Holder by providing all information reasonably requested that is in the Lead

 

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Securitization
Note Holder’s possession in connection with any 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.

 

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

 

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

 

Section
29.      Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

(d)       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;

 

    43 

     

    

 

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

 

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

 

Section
30.      Termination and Resignation of Agent.

 

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

 

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

 

Section
31.      Resizing.  Notwithstanding any other provision of this Agreement, for so long as
JPM or an affiliate (an “Original Entity”) is the owner of any Non-Lead Securitization Note (the
“Owned Note”), such Original Entity shall have the right, subject to the terms of the Mortgage Loan
Documents, to cause the Mortgage Loan Borrower to execute amended and restated notes or additional notes (in 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 Original 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 Original Entity holding the New Notes (and any subsequent holder of such
Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.
Except for the foregoing reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement
(as

 

    44 

     

    

 

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 Notes. In connection with the foregoing
(provided the conditions set forth in (i) through (v) above are satisfied (which the Initial Note A-2A Holder, in its capacity
as an Original Entity, hereby certifies to the Master Servicer that the conditions set forth in clauses (i) through (iv) have
been 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 the Non-Controlling Note
Holders hereunder, the “Non-Controlling Note Holder” of such New Notes shall be as provided in the definition of such
term in this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

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

 

	 	WILMINGTON
    TRUST, NATIONAL ASSOCIATION, AS TRUSTEE FOR THE BENEFIT OF THE REGISTERED HOLDERS OF BENCHMARK 2018-B5 MORTGAGE TRUST, COMMERCIAL
    MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2018-B5, as Note A-1 Holder
	 	 	 
	 	By:	Wells Fargo Bank, National Association, as Master
    Servicer
	 	 	 
	 	By:	/s/ Brian
    Warman
	 	 	Name:  Brian Warman
	 	 	Title:    Director
	 	 	 
	 	JPMORGAN
    CHASE BANK, NATIONAL ASSOCIATION, a national banking association, as Initial Note A-2A Holder
	 	 	 
	 	By:	/s/ Jennifer
    Lewin
	 	 	Name:  Jennifer Lewin
	 	 	Title:    Vice President
	 	 	 
	 	JPMORGAN
    CHASE BANK, NATIONAL ASSOCIATION, a national banking association, as Initial Note A-2B Holder
	 	 	 
	 	By:	/s/ Jennifer
    Lewin
	 	 	Name:  Jennifer Lewin
	 	 	Title:    Vice President

 

(Co-Lender
Agreement – Overland Park Xchange) 

 

     

     

    

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	OPX,
    LLC
	Date
    of Mortgage Loan: 	June
    28, 2018
	Date
    of Notes: 	July
    17, 2018
	Original
    Principal Amount of Mortgage Loan:	$78,000,000
	Principal
    Amount of Mortgage Loan as of the date hereof:	$78,000,000
	Initial
    Note A-1 Principal Balance:	$25,000,000
	Initial
    Note A-2A Principal Balance:	$28,000,000
	Initial
    Note A-2B Principal Balance:	$25,000,000
	Location
    of Mortgaged Property:	Overland
    Park, KS

 

    A-1 

     

    

 

EXHIBIT
B

 

1.        Note
A-1 Holder:

 

Wilmington
Trust, National Association

 

Notice
Address:

Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee Benchmark 2018-B5

 

with
a copy to:

 

Telecopy
number: (302) 636-4140

Email: CMBSTrustee@wilmingtontrust.com

 

2.       Initial
Note A-2A Holder:

 

(Prior
to Securitization of Note A-2A):

 

JPMorgan
Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Email: US_CMBS_Notice@jpmorgan.com

Attention: Kunal K. Singh

 

-and-

JPMorgan Chase Bank, National Association

4 New York Plaza, 21st Floor

New York, New York 10004

Email: US_CMBS_Notice@jpmorgan.com

Attention: Bianca A. Russo, Managing Director &
Associate General Counsel

 

    B-1 

     

    

 

with
a copy to:

Cadwalader, Wickersham & Taft LLP

 

227
West Trade Street

Charlotte, NC 28202

Attention: David Burkholder

Facsimile No.: (704) 348-5309

 

3.            Initial
Note A-2B Holder:

 

(Prior
to Securitization of Note A-2B)

 

JPMorgan
Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue, 8th Floor

New York, New York 10179

Email: US_CMBS_Notice@jpmorgan.com

Attention: Kunal K. Singh

 

-and-

JPMorgan Chase Bank, National Association

4 New York Plaza, 21st Floor

New York, New York 10004

Email: US_CMBS_Notice@jpmorgan.com

Attention: Bianca A. Russo, Managing Director &
Associate General Counsel

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

 

227
West Trade Street

Charlotte, NC 28202

Attention: David Burkholder

Facsimile No.: (704) 348-5309

 

    B-2 

     

    

EXHIBIT
C

PERMITTED FUND MANAGERS

 

1.
Apollo Global Real Estate 

2.
Archon Capital, L.P.

3.
AREA Property Partners

4.
BlackRock, Inc.

5.
The Blackstone Group International Ltd.

6.
Capital Trust, Inc.

7.
Clarion Partners

8.
Colony Capital, Inc.

9.
DLJ Real Estate Capital Partners

10.
Eightfold Real Estate Capital, L.P.

11.
Fortress Investment Group LLC

12.
Garrison Investment Group

13.
Goldman, Sachs & Co.

14.
iStar Financial Inc.

15.
J.E. Roberts Companies

16.
Lend-Lease Real Estate Investments

17.
LoanCore Capital

18.
Lonestar Funds

19.
Praedium Group

20.
Raith Capital Partners, LLC

21.
Rialto Capital Management, LLC

22.
Rockpoint Group

23.
Starwood Capital/Starwood Financial Trust

24.
Torchlight Investors

25.
Walton Street Capital, LLC

26.
Westbrook Partners

27.
WestRiver Capital

28.
Whitehall Street Real Estate Fund, L.P.

 

    C-1

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