Document:

Exhibit 4.6

 

EXECUTION VERSION

 

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of March 13, 2019

by and between

 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

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

 

and

 

DEUTSCHE BANK AG, ACTING THROUGH ITS NEW
YORK BRANCH

(Note A-2-1 Holder, Note A-2-2 Holder, Note A-2-3 Holder, Note A-2-4 Holder, Note A-2-5 Holder)

 

and

 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

(Initial Note B-1 Holder)

 

and

 

DEUTSCHE BANK AG, ACTING THROUGH ITS NEW
YORK BRANCH

(Note B-2 Holder)

 

3 Columbus Circle

 

    

    

    

 

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of March 13, 2019 by and between JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
a national banking association, having an address of 383 Madison Avenue, New York, New York 10179 (together with its successors
and assigns in interest, in its capacity as initial owner of the Note A-1-1, the “Initial Note A-1-1 Holder”,
in its capacity as initial owner of the Note A-1-2, the “Initial Note A-1-2 Holder”, in its capacity as initial
owner of the Note A-1-3, the “Initial Note A-1-3 Holder”, in its capacity as initial owner of the Note A-1-4,
the “Initial Note A-1-4 Holder”, in its capacity as initial owner of the Note A-1-5, the “Initial Note
A-1-5 Holder”, in its capacity as initial owner of the Note A-1-6, the “Initial Note A-1-6 Holder”,
in its capacity as initial owner of the Note A-1-7, the “Initial Note A-1-7 Holder”, and in its capacity as
initial owner of the Note A-1-8, the “Initial Note A-1-8 Holder”, and together with the Initial Note A-1-1 Holder,
Initial Note A-1-2 Holder, Initial Note A-1-3 Holder, Initial Note A-1-4 Holder, Initial Note A-1-5 Holder, Initial Note A-1-6
Holder and Initial Note A-1-7 Holder, the “Initial Note A-1 Holder”, and in its capacity as the initial agent,
the “Initial Agent”), DEUTSCHE BANK AG, ACTING THROUGH ITS NEW YORK BRANCH, a branch of Deutsche Bank AG, a
German Bank, authorized by the New York Department of Financial Services, having an office at 60 Wall Street, 10th Floor, New York,
New York 10005 (together with its successors and assigns in interest, in its capacity as owner of the Note A-2-1, the “Note
A-2-1 Holder”, in its capacity as owner of the Note A-2-2, the “Note A-2-2 Holder”, in its capacity
as owner of the Note A-2-3, the “Note A-2-3 Holder”, in its capacity as owner of the Note A-2-4, the “Note
A-2-4 Holder”, and in its capacity as owner of the Note A-2-5, the “Note A-2-5 Holder”, and together
with the Note A-2-1 Holder, Note A-2-2 Holder, Note A-2-3 Holder and Note A-2-4 Holder, the “Note A-2 Holder”),
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association, having an address of 383 Madison Avenue, New York, New
York 10179 (together with its successors and assigns in interest, in its capacity as initial owner of the Note B-1, the “Initial
Note B-1 Holder”), and DEUTSCHE BANK AG, ACTING THROUGH ITS NEW YORK BRANCH, a branch of Deutsche Bank AG, a German Bank,
authorized by the New York Department of Financial Services, having an office at 60 Wall Street, 10th Floor, New York, New York
10005 (together with its successors and assigns in interest, in its capacity as owner of the Note B-2, the “Note B-2 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein) JPMorgan Chase Bank, National Association 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 is evidenced, inter alia, by (i) that certain Promissory Note A-1, dated as of March 12, 2019 made by the Mortgage
Loan Borrower in favor of the Initial Note A-1-1 Holder, in the original principal amount of $50,000,000 (as amended, modified
or supplemented, “Note A-1-1”), (ii) that certain Promissory Note A-1-2, dated as of March 12, 2019 made
by the Mortgage Loan Borrower in favor of the Initial Note A-1-2 Holder, in the original principal amount of $75,000,000 (as amended,
modified or supplemented, “Note A-1-2”), (iii) that certain Promissory Note A-1-3, dated as of March 12,
2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-3 Holder, in the original principal amount of $75,000,000
(as

 

    

    

    

 

amended,
modified or supplemented, “Note A-1-3”), (iv) that certain Promissory Note A-1-4, dated as of March 12,
2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-4 Holder, in the original principal amount of $40,000,000
(as amended, modified or supplemented, “Note A-1-4”), (v) that certain Promissory Note A-1-5, dated as
of March 12, 2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-5 Holder, in the original principal amount
of $50,000,000 (as amended, modified or supplemented, “Note A-1-5”), (vi) that certain Promissory Note
A-1-6, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-6 Holder, in the original
principal amount of $35,000,000 (as amended, modified or supplemented, “Note A-1-6”), (vii) that certain
Promissory Note A-1-7, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-7 Holder,
in the original principal amount of $25,000,000 (as amended, modified or supplemented, “Note A-1-7”), (viii) that
certain Promissory Note A-1-8, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of the Initial Note A-1-8
Holder, in the original principal amount of $17,500,000 (as amended, modified or supplemented, “Note A-1-8”,
and together with Note A-1-1, Note A-1-2, Note A-1-3, Note A-1-4, Note A-1-5, Note A-1-6 and Note A-1-7, “Note A-1”),
(ix) that certain Promissory Note A-2-1, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of JPMorgan
Chase Bank, National Association, in the original principal amount of $25,000,000 (as amended, modified or supplemented, “Note
A-2-1”), (x) that certain Promissory Note A-2-2, dated as of March 12, 2019 made by the Mortgage Loan Borrower
in favor of JPMorgan Chase Bank, National Association, in the original principal amount of $25,000,000 (as amended, modified or
supplemented, “Note A-2-2”), (xi) that certain Promissory Note A-2-3, dated as of March 12, 2019 made
by the Mortgage Loan Borrower in favor of JPMorgan Chase Bank, National Association, in the original principal amount of $25,000,000
(as amended, modified or supplemented, “Note A-2-3”), (xii) that certain Promissory Note A-2-4, dated
as of March 12, 2019 made by the Mortgage Loan Borrower in favor of JPMorgan Chase Bank, National Association, in the original
principal amount of $25,000,000 (as amended, modified or supplemented, “Note A-2-4”), (xiii) that certain
Promissory Note A-2-5, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of JPMorgan Chase Bank, National
Association, in the original principal amount of $22,500,000 (as amended, modified or supplemented, “Note A-2-5”,
and together with Note A-2-1, Note A-2-2, Note A-2-3 and Note A-2-4, “Note A-2”), (xiv) that certain Promissory
Note B-1, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of the Initial Note B-1 Holder, in the original
principal amount of $51,450,000 (as amended, modified or supplemented, “Note B-1”), and (xv) that certain
Promissory Note B-2, dated as of March 12, 2019 made by the Mortgage Loan Borrower in favor of JPMorgan Chase Bank, National Association,
in the original principal amount of $53,550,000 (as amended, modified or supplemented, “Note B-2” and together
with the Note B-1, collectively, the “B Notes”), and secured by that certain Consolidated, Amended and Restated
Mortgage, Assignment of Leases and Rents, Security Agreement, Fixture Filing and Spreader Agreement (as amended, modified or supplemented,
the “Mortgage”) on one or more parcels of, or estates in, real property located as described on the Mortgage
Loan Schedule (the “Mortgaged Property”);

 

WHEREAS, contemporaneously
herewith, JPMorgan Chase Bank, National Association sold, transferred and assigned its right, title and interest in and to Note
A-2 and Note B-2 to the Note A-2 Holder and the Note B-2 Holder, respectively;

 

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WHEREAS, Deutsche Bank
intends to sell Note A-2-2, Note A-2-3 and Note A-2-5 (or portions thereof) to Cantor Commercial Real Estate Lending, L.P.; and

 

WHEREAS, JPM and Deutsche
Bank desire to enter into this Agreement to memorialize the terms under which the Initial Note A-1 Holder, the Note A-2 Holder,
the Initial Note B-1 Holder and the Note B-2 Holder are holding each of their respective Notes in the Mortgage Loan.

 

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.

 

“Additional
Servicing Expenses” shall mean (a) all Servicing Advances, fees and/or expenses incurred by and reimbursable to any Servicer,
Trustee or the fiscal agent pursuant to the Servicing Agreement, and (b) all interest accrued on Advances made by (x) any Servicer,
Trustee or the fiscal agent in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer, Non-Lead Trustee
or the fiscal agent in accordance with the terms of the Non-Lead Servicing Agreement; provided that the aggregate special
servicing administration fee (which fee is payable solely during the period that the Mortgage Loan is a Specially Serviced Mortgage
Loan) shall not exceed an amount equal to 0.25% per annum of the outstanding principal balance of the Mortgage Loan, 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, and 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).

 

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

 

“Affiliate”
shall mean with respect to any specified Person (i) any other Person that Controls, Controlling or is 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

 

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which
such Person or a Common Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests.

 

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Securitization Date 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 located at
383 Madison Avenue, New York, New York 10179, Attention: Thomas N. Cassino, 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 Reduction
Amount” shall have the meaning assigned to the term “Appraisal Reduction” or such other analogous term used
in the Servicing Agreement.

 

“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 pursuant to the Lead Securitization.

 

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

 

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

 

“Balloon Payment”
shall have the meaning assigned to such term 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.

 

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

 

“CCRE” shall
mean Cantor Commercial Real Estate Lending, L.P.

 

“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 B 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 a Note B).

 

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

 

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

 

“Collection
Account” shall mean the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

 

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

 

“Condemnation
Proceeds” shall have the meaning assigned to such term or any one or more analogous terms 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.

 

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

 

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

 

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

 

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

 

“Controlling
Noteholder” shall mean as of any date of determination (i) the Note B-1 Holder, unless a Control Appraisal Period has
occurred and is continuing or (ii) if a Control Appraisal Period has occurred and is continuing, the Note A-1-1 Holder; provided
that at any

 

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time
Note A-1-1 is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder”
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 lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise
assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided
in the Servicing Agreement; provided, further, that, if the Noteholder of the Note B-1 would be the Controlling Noteholder pursuant
to the terms hereof, but any interest in such Note B-1 is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related
Party, or the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights
of the Controlling Noteholder, a Control Appraisal Period shall be deemed to have occurred. As of the date of this Agreement,
the Controlling Noteholder is the Noteholder of Note B-1.

 

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

 

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

 

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

 

“Deutsche Bank”
shall mean Deutsche Bank AG, acting through its New York Branch.

 

“Defaulted Mortgage
Loan Purchase Price” shall mean the sum, without duplication, of (a) the Principal Balance of each of Note A-1 and
each of Note A-2, (b) accrued and unpaid interest thereon at the Senior Note 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, other than Prepayment
Premiums, default interest, late fees, exit fees and any other similar fees, provided that if the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment
Premiums, default interest, late fees, exit fees and any other similar fees, (d) without duplication of amounts under clause
(c), any unreimbursed property protection or servicing Advances and any expenses incurred in enforcing the Mortgage Loan Documents
(including, without limitation, servicing Advances payable or reimbursable to any Servicer, and earned and unreimbursed special
servicing fees), (e) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount, (f)
any amounts payable in respect of the Mortgage Loan to the Asset Representations Reviewer, (g) (i) if the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party is the purchaser or (ii) if the Mortgage Loan is purchased after ninety (90) days after
the first such option becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees
payable under the Servicing Agreement with respect to the Mortgage Loan and (h) any Recovered Costs not reimbursed previously to
any of Note A-1 or any of Note A-2 pursuant to this Agreement. Notwithstanding the foregoing, if the Note B Holder is purchasing
from the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, the Defaulted Mortgage Loan Purchase Price shall not
include the amounts described under clauses (d) through (h) of this definition. If the Mortgage Loan is converted into a REO Property,
for purposes of determining the Defaulted

 

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Mortgage
Loan Purchase Price, interest will be deemed to continue to accrue on each of Note A-1 and each of Note A-2 at the Senior Note
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 Note B Holder 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 Deutsche Mortgage & Asset Receiving Corporation.

 

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

 

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

 

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

 

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

 

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

 

“Indemnified
Items” shall mean, collectively, 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 Servicing Agreement.

 

“Indemnified
Parties” shall mean, collectively, (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 the
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.

 

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

 

“Initial Note
Balance” shall mean, with respect to each Note, the principal balance of such Note set forth on the Mortgage Loan Schedule.

 

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

 

“Initial Note
B-1 Holder” 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 collectively refer to any such entity or entities.

 

“Insurance Proceeds”
shall have the meaning assigned to such term or any one or more analogous terms in the Servicing Agreement.

 

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

 

“JPM”
shall mean JPMorgan Chase Bank, National Association.

 

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

 

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

 

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

 

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

 

“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.

 

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“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 Servicing Agreement; provided that at any time
that Note A-1-1 is not included in the Lead Securitization, “Major Decision” shall mean:

 

(i)          
any workout or other change to any Mortgage Loan that would result in any modification of, or waiver with respect to, the
Mortgage Loan that would result in the extension of the maturity date or extended maturity date thereof, a reduction in the interest
rate borne thereby or the monthly debt service payment or a deferral or a forgiveness of interest on or principal of the Mortgage
Loan or a modification or waiver of any other monetary term of the Mortgage Loan relating to the amount or timing of any payment
of principal, interest, Prepayment Premiums or any other sums (including reserve requirements) due and payable under the Mortgage
Loan Documents or a modification or waiver of any material non-monetary provision of the Mortgage Loan, including but not limited
to provisions which restrict the Mortgage Loan Borrower or its equity owners from incurring additional indebtedness or transferring
interests in the Mortgaged Property or the Mortgage Loan Borrower;

 

(ii)         
any modification of, or waiver with respect to, the Mortgage Loan that would result in a discounted pay-off of Note B;

 

(iii)       
any foreclosure upon or comparable conversion (which may include acquisition of a REO Property) of the ownership of the
Mortgaged Property or any acquisition of the Mortgaged Property by deed-in-lieu of foreclosure or any other exercise of remedies
following an Event of Default;

 

(iv)        
any material direct or indirect sale of all or any material portion of the Mortgaged Property or REO Property;

 

(v)         
any determination to bring the REO property into compliance with applicable environmental laws or to otherwise address hazardous
material located at the REO Property;

 

(vi)        
any substitution, release or addition of collateral for the Mortgage Loan other than those required pursuant to the specific
terms of the Mortgage Loan Documents and for which there is no lender discretion;

 

(vii)       
any release of the Mortgage Loan Borrower or guarantor from liability with respect to the Mortgage Loan including, without
limitation, by acceptance of an assumption of the Mortgage Loan by a successor Mortgage Loan Borrower or replacement guarantor
except as expressly permitted by the Mortgage Loan Documents;

 

(viii)      
any determination (1) not to enforce a “due-on-sale” or “due–on–encumbrance” clause
(unless such clause is not exercisable under applicable law

 

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or
such exercise is reasonably likely to result in successful legal action by the Mortgage Loan Borrower) or (2) accelerate a Mortgage
Loan (other than automatic accelerations pursuant to the Mortgage Loan Documents);

 

(ix)        
any transfer of the Mortgaged Property or any portion thereof, or any transfer of any direct or indirect ownership interest
in the Mortgage Loan Borrower, except in each case as expressly permitted by the Mortgage Loan Documents;

 

(x)         
any incurring of additional debt by the Mortgage Loan Borrower, including the terms of any document evidencing or securing
any such additional debt and of any intercreditor or subordination agreement executed in connection therewith and any waiver of
or amendment or modification to the terms of any such document or agreement or incurring of mezzanine financing by any beneficial
owner of the Mortgage Loan Borrower, including the terms of any document evidencing or securing any such mezzanine debt and of
any intercreditor or subordination agreement executed in connection therewith and any waiver of or amendment or modification to
the terms of any such document or agreement (to the extent Lender’s approval is required by the Mortgage Loan Documents);

 

(xi)        
the waiver or modification of any documentation relating to the Guarantor’s obligations under the Guaranty (as defined
in the Mortgage Loan Documents);

 

(xii)       
the voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Mortgage Loan Borrower
unless any option to purchase the Senior Notes pursuant to Section 12 of this Agreement has expired or been waived
under Section 12 hereunder;

 

(xiii)      
any determination of an Acceptable Insurance Default with respect to the Mortgaged Property;

 

(xiv)      
the approval of any Annual Budget (as defined in the Loan Agreement), to the extent Lender shall have such approval under
the Loan Agreement;

 

(xv)       
the approval of any Major Lease (as defined in the Loan Agreement), to the extent Lender shall have such approval under
the Loan Agreement; and

 

(xvi)      
the releases of any escrows or reserve accounts other than those required pursuant to the specific terms of the Mortgage
Loan Documents and for which there is no material lender discretion.

 

“Master Servicer”
shall mean the master servicer appointed pursuant to the Lead Securitization.

 

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

 

“Monthly Payment
Date” shall mean the 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.

 

“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 mortgage loan agreement, dated as of March 12, 2019, between the Mortgage Loan Borrower
and JPMorgan Chase Bank, National Association, as lender, as the same may be amended, restated, renewed, extended, modified or
supplemented 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, the Note(s) and all other documents now or hereafter
evidencing and securing or guaranteeing the Mortgage Loan.

 

“Mortgage Loan
Rate” shall mean, as of any date of determination, the weighted average of the Senior Note Rate, the Note B-1 Rate, and
the Note B-2 Rate.

 

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

 

“Net Note B-1
Rate” shall mean the Note B-1 Rate minus the Servicing Fee Rate applicable to Note B-1.

 

    11

    

    

 

“Net Note B-2
Rate” shall mean the Note B-2 Rate minus the Servicing Fee Rate applicable to Note B-2.

 

“Net Senior
Note Rate” shall mean, with respect to each Senior Note, the Senior Note Rate minus the Servicing Fee Rate applicable
to such Senior Note.

 

“Non-Controlling
Class Representative” shall mean the holders of the majority of the class of securities issued in the Securitization
of the Non-Lead Securitization Note designated as the “controlling class” pursuant to the Non-Lead Servicing Agreement
or their duly appointed representative; provided that if 50% or more of the class of securities issued in the 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 Non-Controlling Class Representative.

 

“Non-Controlling
Note” shall mean the interest of the Non-Controlling Note Holder in its Note.

 

“Non-Controlling
Note Holder” means holder of a Note, other than (i) the Note A-1-1 Holder and any other Senior Notes included in
the same securitization as Note A-1-1, (ii) Note B-1 Holder or (iii) the Note B-2 Holder; provided that at any
time any such related Notes are included in a Securitization, references to the “Non-Controlling Note Holder” herein
shall mean the “controlling class representative” or any other party assigned the rights to exercise the rights of
the “Non-Controlling Note Holder”, as and to the extent provided in the related Non-Lead 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, in each case, if at any time 50% or more of the related Note 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 applicable Non-Controlling
Note Holder. 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 exercising the rights of the “Non-Controlling Note Holder”
herein or under the Servicing Agreement and, (x) to the extent that the related Non-Lead Servicing Agreement assigns such rights
to more than one party or (y) to the extent the related Note is split into two or more New Notes pursuant to Section 31,
for purposes of this Agreement, the Non-Lead Servicing Agreement or the holders of such New Notes shall designate one party to
deal with Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written
notice of such designation to the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer acting on its
behalf); provided that, in the absence of such designation and notice, the Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written
notice as having been designated as the Non-Controlling Note Holder, as the Non-Controlling Note Holder for all purposes of this
Agreement.

 

Prior to Securitization
of a Non-Lead Securitization Note (including any New Notes), all notices, reports, information or other deliverables required to
be delivered to the Non-Lead Securitization Note Holder or the Non-Controlling Note Holder pursuant to this Agreement

 

    12

    

    

 

or
the Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
only need to be delivered to the Note A-2 Holder and, when so delivered to the Note A-2 Holder, the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations
with respect to such items hereunder or under the Servicing Agreement. Following Securitization of a Non-Lead Securitization Note,
all notices, reports, information or other deliverables required to be delivered to the Non-Lead Securitization Note Holder or
the Non-Controlling Note Holder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Note Holder (or
the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and
the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the
extent provided in the related Non-Lead Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and
the related Non-Lead Special Servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing
Agreement.

 

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the Agent
for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law and which,
pursuant to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such Person,
(B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Note A-1 Holder and
the Note A-2 Holder to make such payments free of any obligation or liability for withholding.

 

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

 

“Non-Lead Master
Servicer” shall mean, with respect to each Non-Lead Securitization Note, the “master servicer” under
the related Non-Lead Servicing Agreement.

 

“Non-Lead Operating
Advisor” shall mean, with respect to each Non-Lead Securitization Note, the “trust advisor”, “operating
advisor” or other analogous term under the related Non-Lead Servicing Agreement.

 

“Non-Lead Securitization
Note” shall mean each Senior Note included in a securitization, other than Note A-1-1 and any other Senior Note included
in the same securitization as Note A-1-1.

 

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

 

“Non-Lead Servicing
Agreement” shall mean, with respect to each Non-Lead Securitization Note, the related pooling and servicing agreement
pursuant to which the related Non-Lead Securitization Trust is formed.

 

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

 

    13

    

    

 

“Non-Lead Servicer”
shall mean, with respect to each Non-Lead Securitization Note, the related Non-Lead Master Servicer or Non-Lead Special Servicer,
as applicable.

 

“Non-Lead Special
Servicer” shall mean, with respect to each Non-Lead Securitization Note, the “special servicer” under the
related Non-Lead Servicing Agreement.

 

“Non-Lead Trustee”
shall mean, with respect to each Non-Lead Securitization Note, the “trustee” under the related Non-Lead 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
Servicing Advance” shall have the meaning assigned to such term in the Servicing Agreement.

 

“Noteholder”
shall mean any holder of a Note.

 

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

 

“Note”
shall mean any of the promissory notes described in the recitals and identified on Exhibit A hereto.

 

“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 a Note A-1, together with its successors and assigns.

 

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

 

“Note A-2 Holder”
shall mean Deutsche Bank AG, acting through its New York Branch, or any subsequent holder of a Note A-2, together with its successors
and assigns.

 

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

 

“Note B Holder”
shall mean, individually or collectively, as the context may require, the Note B-1 Holder and Note B-2 Holder.

 

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

 

    14

    

    

 

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

 

“Note B-1 Default
Rate” shall mean a rate per annum equal to the Note B-1 Rate plus the Note Default Interest Spread.

 

“Note B-1 Rate”
shall mean the Note B-1 Rate set forth on the Mortgage Loan Schedule.

 

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

 

“Note B-2 Holder”
shall mean Deutsche Bank AG, acting through its New York Branch, and its successors in interest, or any subsequent holder of Note
B-2.

 

“Note B-2 Default
Rate” shall mean a rate per annum equal to the Note B-2 Rate plus the Note Default Interest Spread.

 

“Note B-2 Rate”
shall mean the Note B-2 Rate set forth on the Mortgage Loan Schedule.

 

“Note Default
Interest Spread” shall mean a rate per annum equal to three percent (3.0%); provided, however, that
if the weighted average of the Senior Note Default Rate, the Note B-1 Default Rate and the Note B-2 Default Rate would exceed the
maximum rate permitted by applicable law, the note default interest spread shall equal (i) the rate at which the weighted average
of the Senior Note Default Rate, the Note B-1 Default Rate and the Note B-2 Default Rate equals the maximum rate permitted by applicable
law minus (ii) the Mortgage Loan Rate.

 

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

 

“Note Rate”
shall mean any of the Senior Note Rate, the Note B-1 Rate and the Note B-2 Rate, as applicable.

 

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

 

“Operating Advisor”
shall mean the master servicer appointed pursuant to the Lead Securitization.

 

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

 

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

 

“Percentage
Interest” shall mean, with respect to each Note, a fraction, expressed as a percentage, the numerator of which is the
Principal Balance of such Note and the denominator of which is the sum of the Principal Balances of each Note; provided
that solely for

 

    15

    

    

 

purposes
of Sections 3(b) and (h), “Percentage Interest” shall mean (1) with respect to each Note A, a fraction,
expressed as a percentage, the numerator of which is the Principal Balance of such Note and the denominator of which is the sum
of the Principal Balances of each Note A, and (2) with respect to each Note B, a fraction, expressed as a percentage, the numerator
of which is the Principal Balance of such Note and the denominator of which is the sum of the Principal Balances of each Note
B.

 

“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 $500,000,000
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).

 

“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, with respect to each Note, at any time of determination, the related Initial Note Balance, less any payments of principal
thereon received by the related holder of such Note or reductions in the Initial Note Balance pursuant to Sections 3, 4
or 5, as applicable.

 

“Pro Rata and
Pari Passu Basis” shall mean with respect to each Note A-1 and each Note A-2 and the related Noteholders and with respect
to Note B-1 and Note B-2 and the related Noteholders, the allocation of any particular payment, collection, cost, expense, liability
or other amount between such Notes or such Noteholders, as the case may be, without any priority of any such Note or any such Noteholder
over another such Note or Noteholder, as the case may be, and in any event such that each Note or Noteholder, 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 JPM, Deutsche Bank and CCRE 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 JPM or Deutsche Bank,
or

 

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

 

    16

    

    

 

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

 

(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) the securitization of, (b) the creation of collateralized debt obligations
(“CDO”) secured by, or (c) a financing through an “owner trust” of, a Note or any interest
therein (any of the foregoing, a “Securitization Vehicle”), provided that (1) one or more classes
of securities issued by such Securitization Vehicle is initially rated at least investment grade by each of the Rating Agencies
that assigned a rating to one or more classes of securities issued in connection with such Securitization; (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 Agreeing Noteholder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in
clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager
responsible for the day-to-day management and operation of such investment vehicle and provided that at least 50% of the
equity interests in such investment vehicle are owned, directly or indirectly, by one or

 

    17

    

    

 

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 $250,000,000
in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary)
and at least $750,000,000 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.

 

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 $100,000,000 and subject to supervision or examination by
federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution whose
long-term senior unsecured debt is rated either of the then in effect top two rating categories of each of the applicable Rating
Agencies.

 

“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency reasonably designated by the Depositor or Non-Lead Depositor to rate the securities issued in connection
with the Securitization of a Senior Note, as applicable; provided, however, that, at any time during which Note A-1 or Note A-2
is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean with respect
to each Note, only those rating agencies that are engaged by the Depositor or Non-Lead Depositor, as

 

    18

    

    

 

applicable,
from time to time to rate the securities issued in connection with the Securitization of such Note.

 

“Rating Agency
Confirmation” shall have the meaning given thereto or any analogous term in the Servicing Agreement or Non-Lead Securitization
Agreement, as applicable, including any deemed or waived Rating Agency Confirmation.

 

“Recovered Costs”
shall mean any amounts referred to in clauses (d) and/or (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 other than the Mortgage Loan).

 

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

 

“Relative Spread”
shall mean, with respect to each Note, the ratio of the related Note Rate to the Mortgage Loan Rate.

 

“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 “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, 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, and (v)
in the case of DBRS or KBRA, as applicable, has not cited servicing concerns of such special servicer as the sole or material factor
in any

 

    19

    

    

 

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.

 

“REO Property”
shall mean the Mortgaged Property after the Servicer has foreclosed on the Mortgaged Property or accepted a deed in lieu of foreclosure.

 

“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 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. § 244), 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 Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and its
successors in interest.

 

“Securitization”
shall mean one or more sales by the holder of a Note 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 Note A-1-1 or portion thereof is consummated.

 

“Securitization
Servicing Agreement” shall mean, subject to Section 2 hereof, a pooling and servicing agreement to be entered
into in connection with the Lead Securitization.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1 or Note A-2 is held.

 

“Senior Note”
shall mean each Note, other than Note B-1 or Note B-2.

 

“Senior Note
Holder” shall mean the holder of a Senior Note.

 

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

 

    20

    

    

 

“Senior Note
Rate” shall mean, with respect to each Senior Note, the Senior Note Rate set forth on the Mortgage Loan Schedule.

 

“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 under the Servicing Agreement 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-1 Holder (unless
a Control Appraisal Period has occurred and is continuing) in accordance with Section 11) and shall not be deemed to
exist to the extent any Note B Holder is exercising its cure rights under Section 11.

 

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

 

“Servicing Agreement”
shall mean, with respect to the Mortgage Loan, prior to the Securitization Date, the interim servicing agreement utilized by the
Note A-1-1 Holder, and, from and after the Securitization Date, the Securitization Servicing Agreement, together with any amendment,
restatement, supplement, replacement or modification thereto entered into in accordance with the terms hereof or thereof.

 

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

 

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

 

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

 

“Special Servicer”
shall mean the special servicer appointed pursuant to the Lead Securitization.

 

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

 

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

 

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

 

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

 

“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, excluding a repo financing
or a Pledge in accordance with Section 19(e)).

 

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

 

“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).

 

“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 the Servicing Agreement.

 

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

 

“Whole Loan
Custodial Account” shall mean the custodial account or subaccount established for the Mortgage Loan pursuant to the Servicing
Agreement.

 

Section 2.             
Servicing.

 

(a)         
Each Noteholder acknowledges and agrees that, subject in each case to the terms of this Agreement, the Mortgage Loan shall
be serviced prior to the Securitization Date under interim servicing arrangements as directed by the Note A-1-1 Holder and from
and after the Securitization Date (except as otherwise set forth in Section 5(b)), pursuant to the Securitization Servicing
Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal or interest
in respect of the Notes other than the Notes

 

    22

    

    

 

included
in the Lead Securitization (and each Non-Lead Master Servicer shall be required to advance monthly payments of principal and interest
on the applicable Non-Lead Securitization Note pursuant to the terms of the related Non-Lead Servicing Agreement) 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 Securitization Servicing Agreement. The Note B Holder acknowledges that each
Senior Note Holder may elect, in its sole discretion, to include the related Senior Note in a Securitization and agrees that it
will, subject to Section 24, reasonably cooperate with such Holder, at such Senior Note Holder’s sole cost and
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Noteholder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer, Special Servicer and the Trustee under the Securitization
Servicing Agreement by the Depositor 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 Securitization Servicing Agreement. Each
Noteholder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in the 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 Securitization Servicing Agreement (subject at all times to the rights of the Noteholder
set forth herein and in the Servicing Agreement). In no event shall the Servicing Agreement require the Servicer to enforce the
rights of any Noteholder or limit the Servicer in enforcing the rights of one Noteholder against the other Noteholder; however,
this statement shall not be construed to otherwise limit the rights of one Noteholder with respect to the other Noteholder.

 

(b)        
In no event shall the Note B Holder be entitled to exercise any rights of the “directing holder” consulting
class or any analogous class or holder under the Securitization Servicing Agreement except to the extent the Note B Holder is given
such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the Controlling Noteholder.

 

(c)         
In no event may the Securitization Servicing Agreement change the interest allocable to, or the amount of any payments
due to, the Note B-1 Holder or Note B-2 Holder or materially increase the Controlling Noteholder’s obligations or materially
decrease the Controlling Noteholder’s rights, remedies or protections hereunder or otherwise adversely affect the Controlling
Noteholder’s rights hereunder.

 

(d)        
The Securitization Servicing Agreement shall contain provisions to the effect that:

 

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

 

(ii)         
the Note B Holder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide, any information,
relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as such Person may reasonably

 

    23

    

    

 

request
and in the possession of, or collected or known by, the Master Servicer or Special Servicer relating to the Mortgage Loan and,
in any event, all information that is required to be provided to the “Directing Certificateholder” or analogous term
under the Securitization Servicing Agreement but not limited to standard CREFC® reports, provided that if an interest
in Note B or the Note B Holder is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, then the Note
B Holder 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 Securitization Servicing Agreement;

 

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

 

(iv)        
the Securitization Servicing Agreement may not be amended without the consent of the Note B Holder if such amendment would
materially and adversely affect the Mortgage Loan or the Note B Holder’s rights with respect thereto.

 

(e)         
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.

 

(f)         
At any time after the Securitization Date that the Note A-1-1 is no longer subject to the provisions of the Securitization
Servicing Agreement, the Note A-1-1 Holder shall (i) 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-Controlling Note Holders and Note B Holder,
in substance, to those in the Securitization Servicing Agreement, and (ii) cause the applicable Servicers to service and administer
the Mortgage Loan in accordance with the Servicing Standard as set forth in the Securitization Servicing Agreement, and all references
herein to the “Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided, however,
that until a replacement servicing agreement has been entered into, the Note A-1-1 Holder shall cause the Mortgage Loan to be serviced
in accordance with the servicing provisions set forth in the Securitization 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 the Securitization Servicing
Agreement shall have no further obligations to make P&I Advances; provided, further, however, that if a Non-Lead Securitization
Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency; 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 appointed by Note A-1-1 Holder and does not
have to be performed by the service providers set forth under the Securitization Servicing Agreement. The Note A-1-1 Holder shall
provide the Non-Controlling Note Holders and Note B Holder with a reasonable opportunity to review and comment on any replacement
Servicing Agreement, and the Note B Holder agrees to reasonably negotiate the final terms of such servicing agreement as promptly
as reasonably possible upon receipt of any proposed revisions.

 

    24

    

    

 

(g)        
If the Note B Holder exercises its purchase option in accordance with Section 12 hereof, upon the Mortgage Loan
being transferred to the Note B Holder, the Note B Holder shall be entitled to terminate the Servicing Agreement in its sole discretion
without payment of any termination fees.

 

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

 

(i)          
the Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Servicing Advances (and
advance interest thereon) and any additional trust fund expenses, but only to the extent that they relate to servicing and administration
of the Notes 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 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 Servicing Agreement for the 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 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 Servicing Agreement for the 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 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 Whole Loan Custodial Account that
are allocated to the Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead Master Servicer
will

 

    25

    

    

 

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
Servicing Agreement;

 

(iii)       
the Non-Lead Master Servicer 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 Securitization of the Non-Lead Securitization Note, notice
of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact information
for the trustee, the certificate administrator, the Non-Lead Master Servicer, the special servicer and the party designated to
exercise the rights of the “Non-Controlling Note Holder” under this Agreement), accompanied by a certified copy of
the executed Non-Lead Servicing Agreement and (ii) notice of any subsequent change in the identity of the Non-Lead Master Servicer
or the party designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement (together
with the relevant contact information);

 

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

 

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

 

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

 

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

 

Section 3.               
Subordination of the B Notes; Payments Prior to a Sequential Pay Event. Each B Note and the right of each Note B
Holder to receive payments of interest, principal and other amounts with respect to its respective B Note shall at all times be
junior, subject and subordinate to the Senior Notes and the right of each Senior Note Holder to receive payments of interest, principal
and other amounts with respect to its related Senior Note as set forth herein. If no Sequential Pay Event, as determined by the
applicable Servicer, 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

 

    26

    

    

 

Monthly
Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument
securing the Mortgage Loan, Insurance Proceeds or 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, 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, Operating Advisor, Certificate Administrator, Asset Representations Reviewer or Trustee with respect to this Mortgage
Loan (including any Penalty Changes) pursuant to the Servicing Agreement, shall be applied by the Note A-1 Holder (or its designee)
and distributed by the Servicer (on its behalf) for payment 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 each of the Senior Note Holders, pro rata, in an amount equal to the accrued and unpaid interest on the Principal
Balance of the applicable Senior Note at the Net Senior Note Rate;

 

(b)        
second, to each of the Senior Note Holders on a Pro Rata and Pari Passu Basis in an amount equal to their respective Percentage
Interests of principal payments received, if any, with respect to such Monthly Payment Date with respect to the Mortgage Loan,
until their Principal Balances have been reduced to zero;

 

(c)        
third, to each of the Senior Note Holders on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs
and expenses paid by such Senior Note Holders including any Recovered Costs not previously reimbursed to such Noteholder (or paid
or advanced by any servicer on its behalf and not previously paid or reimbursed) with respect to the Mortgage Loan pursuant to
this Agreement or the Servicing Agreement;

 

(d)        
fourth, to each of the Senior Note Holders on a Pro Rata and Pari Passu Basis in an amount equal to the product of (i) the
Percentage Interest of such Note multiplied by (ii) the applicable Relative Spread and (iii) any Prepayment Premium to
the extent paid by the Mortgage Loan Borrower;

 

(e)         
fifth, to each of the Senior Note Holders, on a pro rata basis, in an amount equal to the Penalty Charges received, if any;

 

(f)         
sixth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11,
to reimburse such Note B Holder on a Pro Rata and Pari Passu Basis for all such cure payments;

 

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

 

    27

    

    

 

(h)        
eighth, to the Note B-1 Holder and the Note B-2 Holder on a Pro Rata and Pari Passu Basis in an amount equal to their respective
Percentage Interests of principal payments received, if any, with respect to such Monthly Payment Date with respect to the Mortgage
Loan, until their Principal Balances have been reduced to zero;

 

(i)          
ninth, to the Note B-1 Holder and the Note B-2 Holder on a Pro Rata and Pari Passu Basis in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the applicable 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 Principal Balance of
Note B-1 and/or Note B-2 has been reduced, such excess amount shall be paid to the applicable Note B Holder in an amount up to
the reduction, if any, of the Principal Balance of Note B-1 or Note B-2, as applicable, as a result of such Workout, plus interest
on such amount at the related Note B-1 Rate or Note B-2 Rate, as applicable;

 

(k)        
eleventh, to the Note B-1 Holder and the Note B-2 Holder, on a pro rata basis, in an amount equal to the Penalty Charges
received, if any;

 

(l)         
twelfth, 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 to each Senior Note Holder, the Note B-1 Holder and the Note B-2 Holder, pro rata, based on their respective Percentage
Interests; and

 

(m)       
thirteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a)-(l), any remaining amount shall be paid pro rata to each Senior Note Holder, the Note
B-1 Holder and the Note B-2 Holder in accordance with their respective Percentage Interests.

 

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, as determined by the applicable
Servicer and as set forth in the Servicing Agreement, 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 REO Property, the Balloon Payment, Liquidation
Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan, Insurance
Proceeds or Condemnation Proceeds (other than proceeds, awards or settlements to be

 

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applied
to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms
of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves
or escrows required by the Mortgage Loan Documents deemed appropriate by the Servicer in accordance with the Servicing Standard
to continue 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 Servicing Agreement and (y) all amounts that are then due, payable or reimbursable
to any Servicer, Operating Advisor, Certificate Administrator, Asset Representations Reviewer or Trustee with respect to this
Mortgage Loan (including any Penalty Charges) pursuant to the Servicing Agreement with respect to the Mortgage Loan, shall be
distributed by the Servicer in the following order of priority without duplication (and payments shall be made at such times as
are set forth in the Servicing Agreement):

 

(a)         
first, to each of the Senior Note Holders, pro rata, in an amount equal to the accrued and unpaid interest on the Principal
Balance of the applicable Senior Note at the Net Senior Note Rate;

 

(b)        
second, to each of the Senior Note Holders, pro rata, based on their outstanding Principal Balances, until their Principal
Balances have been reduced to zero;

 

(c)        
third, to each of the Senior Note Holders on a Pro Rata and Pari Passu Basis up to the amount of any unreimbursed costs
and expenses paid by such Senior Note Holders including any Recovered Costs not previously reimbursed to such Noteholder (or paid
or advanced by any servicer on its behalf and not previously paid or reimbursed) with respect to the Mortgage Loan pursuant to
this Agreement or the Servicing Agreement;

 

(d)        
fourth, to each of the Senior Note Holders on a Pro Rata and Pari Passu Basis in an amount equal to the product of (i) the
Percentage Interest of such Note multiplied by (ii) the applicable Relative Spread, and (iii) any Prepayment Premium to the extent
paid by the Mortgage Loan Borrower;

 

(e)         
fifth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11,
to reimburse such Note B Holder on a Pro Rata and Pari Passu Basis for all such cure payments;

 

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

 

(g)        
seventh, to the Note B-1 Holder and the Note B-2 Holder, pro rata, based on their outstanding Principal Balances, until
their Principal Balances have been reduced to zero;

 

(h)        
eighth, to the Note B-1 Holder and the Note B-2 Holder on a Pro Rata and Pari Passu Basis in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the applicable Relative Spread, and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

 

    29

    

    

 

(i)          
ninth, 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)-(h) and, as a result of a Workout the Principal Balance of
Note B-1 and/or Note B-2 has been reduced, such excess amount shall be paid to the applicable Note B Holder in an amount up to
the reduction, if any, of the Principal Balance of Note B-1 or Note B-2, as applicable, as a result of such Workout, plus interest
on such amount at the related Note B-1 Rate or Note B-2 Rate, as applicable;

 

(j)         
tenth, 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 to each Senior Note Holder, the Note B-1 Holder and the Note B-2 Holder, pro rata, based on their respective
Percentage Interests;

 

(k)         
eleventh, to the Senior Note Holders, on a pro rata basis, in an amount equal to Penalty Charges received, if any;

 

(l)          
twelfth, to the Note B-1 Holder and the Note B-2 Holder, on a pro rata basis, in an amount equal to Penalty Charges received,
if any; and

 

(m)        
thirteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a)-(l), any remaining amount shall be paid pro rata to each Senior Note Holder,
the Note B-1 Holder and the Note B-2 Holder in accordance with their respective Percentage Interests.

 

For clarification purposes,
Penalty Charges paid on each of the Senior Notes pursuant to Section 3 or Section 4 hereunder, shall be
allocated to the Senior Note Holders on a pro rata basis and applied first, to reduce, on a pro rata basis, the amounts
payable on each such Senior 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 Securitization
Servicing Agreement, second, to reduce, on a pro rata basis, the respective amounts payable on each such Senior Note by
the amount necessary to pay the Master Servicer, Trustee, Non-Lead Master Servicer or Non-Lead Trustee for any interest accrued
on any P&I Advance made with respect to such Note by such party (if and as specified in the 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 such Senior 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 Securitization Servicing Agreement)
and finally, (i) in the case of the remaining amount of Penalty Charges allocable pursuant to Section 3 or Section 4
hereunder 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
pursuant to Section 3 or Section 4 hereunder to any Non-Lead

 

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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 Securitization Servicing Agreement.

 

Penalty Charges paid
on the Note B-1 and Note B- 2 pursuant to Section 3 or Section 4 hereunder shall be allocated to the Note
B -1 Holder and the Note B -2 Holder on a pro rata basis and applied first, to reduce, on a pro rata basis, the amounts
payable on Note B -1 and Note B -2 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
Securitization Servicing Agreement, second, to reduce, on a pro rata basis, the respective amounts payable on Note B -1
and Note B -2 by the amount necessary to pay the Master Servicer, Trustee, Non-Lead Master Servicer or Non-Lead Trustee for any
interest accrued on any P&I Advance made with respect to such Note by such party (if and as specified in the Securitization
Servicing Agreement or any Non-Lead Securitization Servicing Agreement, as applicable), third, to reduce, on a pro rata basis,
the amounts payable on Note B -1 and Note B -2 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 Securitization
Servicing Agreement) and finally, as additional servicing compensation as provided in the Securitization Servicing Agreement.

 

Section 5.               
Administration of the Mortgage Loan.

 

(a)               
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement, the
Note A-1-1 Holder (or the Servicer acting on behalf of the Note A-1-1 Holder) shall have the sole and exclusive authority with
respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation,
the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action or failure to act
by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate
the Mortgage Loan or institute any foreclosure action or other remedy and no other Noteholder shall have any voting, consent or
other rights whatsoever with respect to the Note A-1-1 Holder’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), each of the Non-Controlling Note Holders, the Note B-1 Holder and the Note B-2 Holder agrees that it shall have no right
to, and hereby presently and irrevocably assigns and conveys to the Note A-1-1 Holder (or the Servicer acting on behalf of the
Note A-1-1 Holder) the rights, if any, that the Non-Controlling Note Holders, Note B-1 Holder or Note B-2 Holder has to, (i) call
or cause the Note A-1-1 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 Note A-1-1 Holder to file
any bankruptcy petition against the Mortgage Loan Borrower. The Note A-1-1 Holder (or the Servicer acting on behalf of the Note
A-1-1 Holder) shall not have any fiduciary duty to the Non-Controlling Note Holder, the Note B-1 Holder or the Note B-2 Holder
in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Note A-1-1 Holder from the
obligation to make any disbursement of funds as set forth herein).

 

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(b)              
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Note B Holder
agrees to be bound by the terms of the Servicing Agreement. The Note A-1-1 Holder (or the Servicer on its behalf) shall service
the Mortgage Loan in accordance with the terms of this Agreement, including without limitation the rights of the Note B Holder
set forth in Section 5(f) below. 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 this Agreement. Notwithstanding anything to the contrary contained herein, in accordance with the Servicing Agreement, the
Note A-1-1 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 A-1-1 Holder, the Non-Controlling Note Holder, the Note
B-1 Holder and the Note B-2 Holder (it being understood that the interest of the Note B Holder is a junior Note interest, subject
to the terms and conditions of this Agreement), and any Non-Controlling Note Holder, Note B-1 Holder or Note B-2 Holder who is
not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed a third party beneficiary of such provisions
of the Servicing Agreement. The foregoing provisions of this Section 5(b) shall not limit or modify the rights of the
Controlling Noteholder and/or the Controlling Noteholder Representative to exercise their respective rights specifically set forth
under this Agreement.

 

(c)               
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and this Agreement (including, without limitation, Section 6), if the Servicer (on behalf of the Noteholders) in connection
with a Workout of the Mortgage Loan modifies the terms thereof 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 each Senior Note Holder pursuant to Section 3 and Section 4, as applicable, shall
be made as though such Workout did not occur, with the payment terms of each Senior Note remaining the same as they are on the
date hereof, the B Notes shall bear the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage
Loan attributable to such Workout (up to the amount otherwise due on the B Notes). Subject to the Servicing Agreement and this
Agreement (including without limitation Section 6), in the case of any modification or amendment described above, the
Servicer (on behalf of the Noteholders) 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 the B Notes to each Senior
Note with respect to the loss that is the result of such amendment or modification, including: (i) the ability to increase
the Percentage Interest of each Senior Note and to reduce the Percentage Interest of each B Note in a manner that reflects a loss
in principal as a result of such amendment or modification and (ii) the ability to change the Senior Note Rate, the Note B-1
Rate and the Note B-2 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 Section 3 and Section 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

 

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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 Note A-1-1 Holder described hereunder may be exercised by the Servicer on behalf of the
Note A-1-1 Holder in accordance with the Servicing Agreement and this Agreement.

 

(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 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) the Note A-1-1 Holder may not 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 A-1-1 Holder may have under the Mortgage Loan Documents, if any such action would constitute a
“significant modification” of the Mortgage Loan, within the meaning of Section 1.860G 2(b) of the regulations
of the United States Department of the Treasury, more than three months after the earliest startup day of any REMIC which includes
a Note (or any portion thereof). The Noteholders agree that the provisions of this Section 5(e) shall be effected by
compliance by the Note A-1-1 Holder or its assignees with this Agreement or the Servicing Agreement or any other agreement which
governs the administration of the Mortgage Loan or the Note A-1-1 Holder’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 Note subject to a securitization on a pro rata and pari passu basis.

 

Anything herein or in
the Servicing Agreement to the contrary notwithstanding, in the event that any Note is included in a REMIC and any other is not,
such other Noteholder shall not be required to reimburse the Noteholders that deposited a Note into a 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 the
other Noteholder be reduced to offset or make-up any such payment or deficit.

 

(f)               
If any consent, modification, amendment or waiver under or other action in respect of a Mortgage (whether or not a Servicing
Transfer Event has occurred and is continuing) that would constitute a Major Decision has been requested or proposed, at least
ten (10) Business Days prior to taking action with respect to such Major Decision (or making a

 

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determination
not to take action with respect to such Major Decision), the Servicer must receive the written consent of the Controlling Noteholder
(or its Controlling Noteholder Representative) before implementing a decision with respect to such Major Decision.

 

Notwithstanding the foregoing,
following the occurrence of an extraordinary event with respect to any Mortgaged Property, 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, and the Servicer has made a reasonable effort to contact the Controlling Noteholder
(or its Controlling Noteholder Representative). The foregoing shall not relieve the Note A-1-1 Holder (or Servicer acting on its
behalf) of its duties to comply with the Servicing Standard.

 

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

 

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

 

Notwithstanding the foregoing,
during the continuance of a Control Appraisal Period, the Note A-1-1 Holder (or the 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 Controlling Class Representative pursuant to the Servicing
Agreement with respect to any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan, to each Non-Controlling Note Holder (or its controlling class representative), within the same time
frame it is required to provide to the Controlling Class Representative (for this purpose, without regard to whether such items
are actually required to be provided to the Controlling Class Representative under the Servicing

 

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Agreement
due to the occurrence of a Control Termination Event (as defined in the Servicing Agreement) or a Consultation Termination Event
(as defined in the Servicing Agreement)); and

 

(ii) to consult with
the Non-Controlling Note Holder (or its controlling class representative) on a strictly non-binding basis, to the extent having
received such notices, information and reports, the Non-Controlling Note Holder (or its controlling 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 Non-Controlling Note Holder (or its controlling
class representative); provided that after the expiration of a period of ten (10) Business Days from the delivery to the
Non-Controlling Note Holders (or its controlling class representative) by the Note A-1-1 Holder of written notice of a proposed
action, together with copies of the notice, information and report required to be provided to the Controlling Class Representative,
the Note A-1-1 Holder (or the Servicer acting on its behalf) shall no longer be obligated to consult with the respective Non-Controlling
Note Holder (or its controlling class representative), whether or not the Non-Controlling Note Holder (or its controlling class
representative) has responded within such ten (10) Business Day period (unless, the Note A-1-1 Holder (or the 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 the Non-Controlling Note Holder (or its controlling class representative) set forth in the immediately preceding sentence,
the Note A-1-1 Holder (or 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 Note A-1-1 Holder (or Servicer acting
on its behalf) determines that immediate action with respect thereto is necessary to protect the interests of the Noteholders.
In no event shall the Note A-1-1 Holder (or Servicer acting on its behalf) be obligated at any time to follow or take any alternative
actions recommended by the Non-Controlling Note Holder (or its controlling class representative).

 

In addition to the consultation
rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided in the immediately preceding
paragraph, during the continuance of a Control Appraisal Period, the Non-Controlling Note Holder shall have the right to attend
annual meetings (either telephonically or in person, in the discretion of the Servicer) with the Note A-1-1 Holder (or the Servicer
acting on its behalf) at the offices of the Servicer, as applicable, upon reasonable notice and at times reasonably acceptable
to the Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

 

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

 

(h)        
The Note B Holder 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 the receipt of a third party Appraisal
that

 

 

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indicates
such Control Appraisal Period has occurred): (i) such Note B Holder shall have delivered 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 Senior Note Holder in such collateral (a) cash collateral for the benefit of, and acceptable to,
the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Servicer as the beneficiary, issued by
a bank or other financial institutions the long term unsecured debt obligations of which are at all times rated at least “AA”
(or the equivalent) by each Rating Agency that rates such institution or the short term obligations of which are rated at least
“A-1+” by (or the equivalent) by each Rating Agency that rates such institution (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 the Note B Holder (a “Threshold Event
Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have occurred.
If a letter of credit is furnished as Threshold Event Collateral, the applicable Controlling Noteholder shall be required to renew
such letter of credit not later than thirty (30) days prior to expiration thereof or to replace such letter of credit with a substitute
letter of credit or other Threshold Event Collateral with an expiration date that is greater than forty-five (45) days from the
date of substitution; provided, however, that, if a letter of credit is not renewed prior to thirty (30) days prior
to the expiration date of such letter of credit, the letter of credit shall provide that the Servicer may (and at the direction
of the applicable Note B Holder, 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 a Control Appraisal Period from occurring; or (ii) the occurrence
of a Final Recovery Determination, as defined in the Servicing Agreement. 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 the Note B Holder, any or such portion of Threshold
Event Collateral held by the Servicer shall promptly be returned to such Controlling Noteholder (at its sole expense). Upon a
Final Recovery Determination with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse
each Noteholder for any realized loss pursuant to Section 3 or Section 4, as applicable, with respect
to the Mortgage Loan after application of the net proceeds of liquidation, not in excess of the applicable Principal Balance,
each of the Notes, 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.

 

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(i)          
The 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.

 

Section 6.               
Appointment of Controlling Noteholder Representative.

 

(a)         
The Controlling Noteholder 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 Noteholder 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 Noteholder Representative. When exercising its various rights under Section 5 and elsewhere in this
Agreement, the Controlling Noteholder may, at its option, in each case, act through the Controlling Noteholder Representative.
The Controlling Noteholder Representative may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate
of the Mortgage Loan Borrower), including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling
Noteholder, any affiliate of the Controlling Noteholder or any other unrelated third party. No such Controlling Noteholder Representative
shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All actions that are permitted
to be taken by the Controlling Noteholder under this Agreement may be taken by the Controlling Noteholder Representative acting
on behalf of the Controlling 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
Noteholder Representative until the Controlling Noteholder has notified each Servicer, Operating Advisor, Trustee and Certificate
Administrator of such appointment and, if the Controlling Noteholder Representative is not the same Person as the Controlling Noteholder,
the Controlling Noteholder Representative provides each Servicer, 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 Noteholder shall promptly
deliver such information to each Servicer, Operating Advisor, Asset Representations Reviewer, Trustee and Certificate Administrator.
If the Note A-1-1 Holder is the Controlling Noteholder, no Controlling Noteholder Representative shall be appointed and the rights
of the Note A-1-1 Holder exercisable by the Controlling Class Representative shall be as set forth in the Servicing Agreement.
Similarly, if the Note A-1-1 Holder is the Controlling Noteholder, the rights of the Non-Lead Securitization Note Holder shall
be exercisable by a controlling class representative or directing holder as set forth in the Non-Lead Servicing Agreement.

 

(b)         
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to the other Noteholders
or any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent or the failure
to give any consent pursuant to this Agreement or the Servicing Agreement, or errors in judgment, absent any loss, liability or
expense incurred by reason of its willful misfeasance, bad faith or gross negligence. The Noteholders agree that the Note B
Holder Representative and the Note B Holder (whether acting in place of the Note B Holder Representative when no Note B
Holder Representative shall have been appointed hereunder or otherwise exercising any right, power or privilege granted to the
Note B Holder hereunder) may take or refrain from taking actions, or

 

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give
or refrain from giving consents, that favor the interests of one Noteholder over the other Noteholder, and that the Note B
Holder 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 Note B Holder Representative or the Note B Holder,
as the case may be, agree to take no action against the Note B Holder Representative, the Note B 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 Noteholder Representative nor the Note B 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 Noteholder.

 

(c)         
If the Note A-1-1 Holder is the Controlling Noteholder, the Note B Holder acknowledges and agrees (i) all of the aforementioned
rights and obligations of the Note B Holder and the Note B Holder Representative set forth in Section 5(f)
and 5(g) and this Section 6 shall be exercisable by the Note A-1-1 Holder (or the applicable Person specified
in the Servicing Agreement) to the extent set forth in the Servicing Agreement and (ii) the Controlling Class Representative may
exercise all rights with respect to the Mortgage Loan and any decisions or consents or other powers with respect thereto as are
set forth in the Servicing Agreement.

 

Section 7.               
Special Servicer. The Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) (or its
Note B Holder Representative), at its expense (including, without limitation, the reasonable costs and expenses of counsel
to any third parties and costs and expenses of the terminated Special Servicer), shall have the right to appoint the Special Servicer
with respect to the Mortgage Loan. The Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) (or its
Note B Holder Representative) shall be entitled to terminate the rights and obligations of the Special Servicer under the
Servicing Agreement, with or without cause, upon at least ten (10) Business Days’ prior notice to the Special Servicer (provided,
however, that the Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing), Note B Holder
Representative and/or Note B Holder 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 be effective unless and until (A) each Rating
Agency delivers Rating Agency Confirmation (to the extent the Mortgage Loan has been securitized) to the extent required under
the Servicing Agreement; (B) the initial or successor Special Servicer has assumed in writing (from and after the date such
successor Special Servicer becomes the Special Servicer) all of the responsibilities, duties and liabilities of the Special Servicer
under the Servicing Agreement from and after the date it becomes the Special Servicer as they relate to such Mortgage Loan pursuant
to an assumption agreement reasonably satisfactory to the Trustee; (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; and (D) the Certificate Administrator and any applicable
Non-Lead Certificate Administrator shall have filed any Form 8-k filings required pursuant to the applicable rules and regulations
of the Securities Exchange

 

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Act
of 1934 as a result of any such replacement of the Special Servicer. The Note A-1 Holder (or the Servicer on its behalf) shall
promptly provide copies to any terminated Special Servicer of the documents referred to in the preceding sentence. Prior to the
Securitization, if the Mortgage Loan becomes a Specially Serviced Mortgage Loan, and if not later than thirty (30) days after
the Mortgage Loan becomes a Specially Serviced Mortgage Loan the Note B-1 Holder (unless a Control Appraisal Period has occurred
and is continuing) (or its Note B Holder Representative) elects to replace the Special Servicer, then each Noteholder agrees
that no liquidation fees or workout fees shall be payable to the Special Servicer being replaced, unless such Special Servicer
shall have either successfully completed a workout or a liquidation, in which case such fees shall be payable as provided herein.

 

The Controlling Noteholder
agrees and acknowledges that the Securitization Servicing Agreement may contain provisions such that any Special Servicer could
be terminated under the 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 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 Note A-1-1 Holder (or the Servicer on its behalf), in accordance with the priorities set forth in Section 3
or Section 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 for the Notes established pursuant
to the Servicing Agreement. The Note A-1-1 Holder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable
account within two (2) Business Days after receipt of properly identified funds by the Note A-1-1 Holder (or the Servicer acting
on its behalf) from or on behalf of the Mortgage Loan Borrower. The Controlling Noteholder agrees and acknowledges that the Securitization
Servicing Agreement may contain provisions such that any Special Servicer could be terminated under the 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 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.

 

(b)        
If the Note A-1-1 Holder (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

 

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or
any Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, the Note A-1-1 Holder (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 Note A-1-1 Holder (or the Servicer on its behalf) repay to the Note A-1-1 Holder (or the Servicer on
its behalf) any portion thereof that the Note A-1-1 Holder (or the Servicer on its behalf) shall have theretofore distributed
to such Noteholder together with interest thereon at such rate, if any, as the Note A-1-1 Holder (or the Servicer on its behalf)
shall have been required to pay to any Mortgage Loan Borrower, the Note A-1-1 Holder, Master Servicer, Special Servicer or such
other Person with respect thereto.

 

(c)         
If, for any reason, the Note A-1-1 Holder (or the Servicer on its behalf) makes any payment to any Note B Holder before
the Note A-1-1 Holder (or the Servicer on its behalf) has received the corresponding payment (it being understood that the Note
A-1-1 Holder (or the Servicer on its behalf) is under no obligation to do so), and the Note A-1-1 Holder (or the Servicer on its
behalf) does not receive the corresponding payment within three (3) Business Days of its payment to such Note B Holder, such Note
B Holder will, at the Note A-1-1 Holder’s (or the Servicer’s on its behalf) request, promptly return that payment to
the Note A-1-1 Holder (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 Note A-1-1 Holder (or the Servicer
on its behalf) subject to this Agreement and the Servicing Agreement. The Note A-1-1 Holder (or the Servicer on its behalf) shall
have the right to offset any amounts due hereunder from any Noteholder with respect to the Mortgage Loan against any future payments
due to such Noteholder 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 Note A-1-1 Holder (or the Servicer on its behalf)
enforce the obligations of one of the Noteholder against the other Noteholders. 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)
shall have any liability to any other Noteholder except with respect to losses actually suffered due to the gross negligence, willful
misconduct or breach of this Agreement on the part of such Noteholder.

 

Each Note B Holder acknowledges
that, subject to the terms and conditions hereof and the obligation of the Note A-1-1 Holder (including any Servicer) to comply
with, and except as otherwise required by, the Servicing Standard, the Note A-1-1 Holder (including any Servicer) may exercise,
or omit to exercise, any rights that the Note A-1-1 Holder may have under this Agreement and the Servicing Agreement in a manner
that may be adverse to the interests of the Note B Holder and that the Note A-1-1 Holder (including any Servicer) shall have no
liability whatsoever to any Note B Holder in connection with the Note A-1-1 Holder’s exercise of rights or any omission by
the Note A-1-1 Holder to exercise such rights other than as described above; provided, however, that the Servicer
must act in accordance with the Servicing Standard.

 

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Each Note B Holder acknowledges
that, subject to the terms and conditions hereof and the obligation of each Non-Controlling Note Holder (including any Non-Lead
Servicer) to comply with, and except as otherwise required by, the servicing standard, each Non-Controlling Note Holder (including
any Non-Lead Servicer) may exercise, or omit to exercise, any rights that each Non-Controlling Note Holder may have under this
Agreement and the Servicing Agreement in a manner that may be adverse to the interests of the Note B Holder and that such Non-Controlling
Note Holder (including any Non-Lead Servicer) shall have no liability whatsoever to any Note B Holder in connection with such Non-Controlling
Note Holder’s exercise of rights or any omission by such Non-Controlling Note Holder 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 Servicing Agreement.

 

The Senior Note Holders
acknowledge that, subject to the terms and conditions hereof, each Note B Holder may exercise, or omit to exercise, any rights
that such Note B Holder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests
of the Senior Note Holders and that the Note B Holder shall have no liability whatsoever to the Senior Note Holders in connection
with such Note B Holder’s exercise of rights or any omission by such Note B Holder to exercise such rights; provided,
however, that the Note B Holder shall not be protected against any liability to the Senior Note Holders 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, each of the Non-Controlling Note Holder,
the Note B-1 Holder and the Note B-2 Holder hereby covenants and agrees that only the Note A-1-1 Holder (or the Servicer on its
behalf) have 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,
each Non-Controlling Note Holder, the Note B-1 Holder and the Note B-2 Holder further agrees that only the Note A-1-1 Holder, 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. Each Non-Controlling Note Holder, the Note B-1 Holder and the Note B-2 Holder hereby appoints the Note A-1-1 Holder
as its agent, and grants to the Note A-1-1 Holder an irrevocable power of attorney coupled with an interest, and its proxy, for
the purpose of exercising any and all rights and taking any and all actions available to each Non-Controlling Note Holder, the
Note B-1 Holder and the Note B-2 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. Each Non-Controlling Note
Holder, the Note B-1 Holder and the Note B-2 Holder in its capacity as such, hereby agrees that, upon the request of the Note A-1-1
Holder, such Non-Controlling Note Holder, Note B-1 Holder or Note B-2 Holder, as applicable, shall execute, acknowledge and

 

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deliver
to the Note A-1-1 Holder all and every such further deeds, conveyances and instruments as the Note A-1-1 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.           
Cure Rights of Controlling Noteholder.

 

(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 Note A-1-1 Holder shall provide
notice to the Note B-1 Holder and the Controlling Noteholder Representative (in each case, unless a Control Appraisal Period has
occurred and is continuing) of such default (the “Monetary Default Notice”). If the Note B-1 Holder or Controlling
Noteholder Representative (in each case, unless a Control Appraisal Period has occurred and is continuing) has not cured such Monetary
Default within five (5) Business Days after receiving the Monetary Default Notice, the Note A-1-1 Holder shall deliver an additional
copy of the Monetary Default Notice that contains a statement in boldface font that this is a second notice and that the Note B-1
Holder’s or the Controlling Noteholder Representative’s failure to cure such Monetary Default within five (5) Business
Days after receiving such second notice will result in the termination of the right to cure such Monetary Default. The Note B-1
Holder (unless a Control Appraisal Period has occurred and is continuing) shall have the right, but not the obligation, to cure
such Monetary Default after receiving the first Monetary Default Notice and until the period ending (3) Business Days after receiving
the second Monetary Default Notice (the “Cure Period”) and at no other times. At the time a payment is made
to cure a Monetary Default, the Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) shall pay or
reimburse the Note A-1-1 Holder for all unreimbursed Advances (whether or not recoverable with respect to Senior Notes, including
principal and interest advances made with respect to Non-Lead Securitization Notes under the Non-Lead Servicing Agreement), Advance
Interest Amounts, any unpaid fees to any Servicer specifically provided for in the Servicing Agreement and any Additional Servicing
Expenses. The Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) shall not be required, in order
to effect a cure hereunder, to pay any default interest or late charges under the 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 Note A-1-1 Holder (including for purposes of (i) the definition of “Sequential Pay Event,” (ii) accelerating
the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure
or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged Property;
or (iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan); provided that such limitation shall not prevent
the Note A-1-1 Holder from collecting Default Interest or late charges from the Mortgage Loan Borrower. 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 Note B-1 Holder shall be limited to
a combined total of four (4) cures of Monetary Defaults, no more than three (3) of which may be consecutive, or Non-Monetary Defaults
over the term of the

 

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Mortgage
Loan. Additional Cure Periods shall only be permitted with the consent of the Note A-1-1 Holder.

 

(c)         
No action taken by the Note B-1 Holder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower
of its obligations under the Mortgage Loan Documents and the Senior Note Holder’s rights under the Mortgage Loan Documents
shall not be waived or prejudiced by virtue of the Note B-1 Holder’s actions under this Agreement. Subject to the terms of
this Agreement, the Note B-1 Holder shall be subrogated to the Senior Note Holder’s rights to any payment owing to the Senior
Note Holders for which the Note B-1 Holder makes a cure payment as permitted under this Section 11 but such subrogation
rights may not be exercised against the Mortgage Loan Borrower until 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 Note A-1-1 Holder shall promptly provide notice to the Note B-1 Holder and the Note B Holder Representative
(in each case, unless a Control Appraisal Period has occurred and is continuing) of such failure (the “Non-Monetary Default
Notice”) and the Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) shall have the right,
but not the obligation, to cure such Non-Monetary Default within the same period of time as the Mortgage Loan Borrower under the
Mortgage Loan Documents to cure 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 the Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing), the Note B-1 Holder (unless
a Control Appraisal Period has occurred and is continuing) shall be given an additional period of time as is reasonably necessary
to enable the Note B-1 Holder (unless a Control Appraisal Period has occurred and is continuing) in the exercise of due diligence
to cure such Non-Monetary Default for so long as (i) the Note B-1 Holder (unless a Control Appraisal Period has occurred and is
continuing) diligently and expeditiously proceeds to cure such Non-Monetary Default, (ii) the Note B-1 Holder (unless a Control
Appraisal Period has occurred and is continuing) makes all cure payments that it is 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-1 Holder (unless
a Control Appraisal Period has occurred and is continuing) has to cure a Non-Monetary Default in accordance with this Section 11(d)
(the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur and (v) during such Non-Monetary
Default Cure Period, there is no material adverse effect on the Mortgage Loan Borrower or the Mortgaged Property or the value of
the Mortgage Loan as a result of such Non-Monetary Default or the attempted cure. The Non-Monetary Default Notice shall contain
a statement in boldface font that the Note B-1 Holder’s or the Note B Holder 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. The Note B-1 Holder (unless a Control Appraisal Period has occurred
and is continuing) shall not contact the Mortgage Loan Borrower in order to effect any cures under Sections 11(a) or this
11(d) unless it is in conjunction with the Special Servicer or the Note B-1 Holder (unless a Control Appraisal Period has
occurred and is continuing) has obtained the prior written consent of the Note A-1 Holder.

 

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Section 12.           
Purchase of the Senior Notes By Note B Holder. Each Note B Holder shall have the right, by written notice to each
Senior Note Holder (a “Noteholder Purchase Notice”), delivered at any time an Event of Default under the Mortgage
Loan has occurred and is continuing, to purchase, in immediately available funds, Senior Notes in whole but not in part at the
applicable Defaulted Mortgage Loan Purchase Price. For avoidance of doubt, if the B Note Holder elects to exercise its right to
purchase a Note pursuant to this Section 12, it must purchase each Senior Note. Upon the delivery of the Noteholder
Purchase Notice to each Senior Note, each Senior Note Holder shall sell (and the Note B Holder shall purchase) the Senior Notes
(including, without limitation, any Notes therein) at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted
Note Purchase Date”) not less than ten (10) and not more than thirty (30) days after the date of the Noteholder Purchase
Notice, as shall be established by the Note A-1-1 Holder. In the event that the Note B Holder’s shall fail to purchase the
Senior Note on or prior to the Defaulted Note Purchase Date, then the Note B Holder shall no longer have the right to purchase
the Senior Notes under this Section 12. The Note B Holder agrees that the sale of the Senior Notes shall comply with
all requirements of the Servicing Agreement and that all costs and expenses related thereto shall be paid by the Note B Holder.
The Defaulted Mortgage Loan Purchase Price shall be calculated by the Note A-1-1 Holder (or the Servicer on its 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 shall, absent manifest error, be binding upon the Note B Holder. Concurrently
with the payment to each Senior Note Holder in immediately available funds of its respective portion of the applicable Defaulted
Mortgage Loan Purchase Price, each Senior Note Holder will execute at the sole cost and expense of the Note B Holder in favor of
the Note B Holder assignment documentation which will assign the applicable Senior Notes and the Mortgage Loan Documents without
recourse, representations or warranties (except each Senior Note Holder will represent and warrant that it had good and marketable
title to, was the sole owner and holder of, and had power and authority to deliver the Mortgage Loan or Note, as applicable, free
and clear of all liens and encumbrances (other than the interest created by Note B)). The right of the Note B Holder to purchase
the Senior Notes 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 Note A-1-1 Holder shall give the Note B Holder ten (10) days’
notice of its intent with respect to such action). Notwithstanding the foregoing sentence, if title to the Mortgaged Property is
transferred to the Servicer (or other nominee on behalf of the Noteholders) less than ten (10) days after the acceleration
of the Mortgage Loan, the Note A-1-1 Holder shall notify the Note B Holder of such transfer and the Note B Holder shall have a
fifteen (15) day period from the date of such notice from the Note A-1-1 Holder to deliver the Noteholder Purchase Notice
to each Senior Note Holder, in which case the Note B Holder will be obligated to purchase the Mortgaged Property, in immediately
available funds, within such fifteen (15) day period at the applicable Defaulted Mortgage Loan Purchase Price. Any such purchase
of the Senior Notes by the Note B Holder shall be free and clear of any liens.

 

Section 13.           
Representations of Note B Holder. Each Note B Holder represents, and it is specifically understood and agreed, that
it is acquiring its respective B Note for its own account in the ordinary course of its business and each Senior Note Holder shall
otherwise have no liability or responsibility to the Note B Holder except as expressly provided herein or for actions that are
taken or omitted to be taken by such Senior Note Holder that constitute gross

 

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negligence
or willful misconduct or that constitute a breach of this Agreement. Each Note B 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 its charter or any law or contractual restriction binding upon such Note B Holder, and that this
Agreement is the legal, valid and binding obligation of such Note B Holder enforceable against such Note B 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 B Holder represents and warrants that
it is duly organized, validly existing, in good standing and possesses of all licenses and authorizations necessary to carry on
its business. Each Note B Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such
Note B Holder, (b) to each Note B 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 B Holder have been obtained or made and (c) to each Note B Holder’s actual knowledge, there is no pending action,
suit or proceeding, arbitration or governmental investigation against such Note B Holder, an adverse outcome of which would materially
and adversely affect its performance under this Agreement.

 

Each Note B Holder acknowledges
that the Senior Note Holders do not owe the Note B Holder any fiduciary duty with respect to any action taken under the Mortgage
Loan Documents and, except as provided herein, need not consult with the Note B Holder with respect to any action taken by a Senior
Note Holder in connection with the Mortgage Loan.

 

Each Note B Holder expressly
and irrevocably waives for itself and any Person claiming through or under the Note B Holder 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 Senior Note Holder. Each Senior Note Holder represents and warrants that the execution, delivery
and performance of this Agreement is within their corporate powers, has been duly authorized by all necessary corporate action,
and does not contravene such Senior Note Holder’s charter or any law or contractual restriction binding upon such Senior
Note Holder, and that this Agreement is the legal, valid and binding obligation of such Senior Note Holder enforceable against
it in accordance with its terms. Each Senior Note 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 their business. Each Senior Note Holder represents
and warrants that (a) this Agreement has been duly executed and delivered by such Senior Note Holder, (b) to such Senior
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 Senior Note Holder have
been obtained or made and (c) to such Senior Note Holder’s actual knowledge, there is no pending action, suit or proceeding,
arbitration or governmental

 

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investigation
against such Senior Note Holder, an adverse outcome of which would materially and adversely affect its performance under this
Agreement.

 

Section 15.           
Independent Analysis of the Note B Holder. Each Note B Holder acknowledges that it has, independently and without
reliance upon the Senior Note Holders, except with respect to the representations and warranties provided by the Senior Note Holders
herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to
purchase its respective B Note and such Note B Holder accepts responsibility therefor. Each Note B Holder hereby acknowledges that,
other than the representations and warranties provided herein, the Senior Note Holders have made no representations or warranties
with respect to the Mortgage Loan, subject to such representations and warranties as provided by the Senior Note Holders herein,
and that the Senior Note Holders shall have no 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 Senior Note Holders 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 Note B Holder assumes all risk of loss in connection with its respective B 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 among any of the Noteholders as a partnership, association,
joint venture or other entity. No Senior Note Holder shall have any obligation whatsoever to offer to any Note B Holder the opportunity
to purchase a Note interest in any future loans originated by such Senior Note Holder or their Affiliates and if any Senior Note
Holder chooses to offer to any Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated
by such Senior Note Holder or their Affiliates, such offer shall be at such purchase price and interest rate as such Senior Note
Holder chooses, in its sole and absolute discretion. Each Note B Holder shall not have any obligation whatsoever to purchase from
such Senior Note Holder a Note interest in any future loans originated by such Senior Note Holder or their Affiliates.

 

Section 17.            
Not a Security. Each B Note shall not 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 Note B Holder acknowledges that each Senior Note Holder or their
respective Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage
Loan Borrower or any direct or indirect parent or Affiliate thereof, any entity that is a holder of debt secured by direct or indirect
ownership interests in the Mortgage Loan Borrower or any Affiliate thereof or any entity that is a holder of a preferred equity
interest in the Mortgage Loan Borrower or any Affiliate thereof (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.

 

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Section 19.           
Sale of Note B-1, Note B-2, Note A-1 and Note A-2.

 

(a)         
Each Note B Holder agrees that it will not Transfer all or any portion of its respective B Note without each Senior Note
Holder’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, provided,
that (i) each Note B Holder shall have the right to Transfer its respective Note, or any portion thereof, to a Qualified Institutional
Lender without obtaining such Senior Note Holder’s prior written consent, provided, that promptly after the Transfer,
each Senior Note Holder is provided with (x) a representation from a transferee or such Note B Holder certifying that such transferee
is a Qualified Institutional Lender, (y) a copy of the assignment and assumption agreement referred to in Section 20
and (z) such transfer would not cause such B Note to be held by more than five persons nor cause there to be no one person owning
a majority of the B Note and (ii) if the Note B Holder wants to Transfer a B Note, or any portion thereof, to an entity that is
not a Qualified Institutional Lender after a Securitization, no consent of applicable Senior Note Holder shall be required, but
such Note B Holder shall first obtain (and deliver to the applicable Senior Note Holder) Rating Agency Confirmation. If Note B
is held by more than one Note B Holder at any time, the holders of a majority of the Principal Balance of Note B shall immediately
appoint a representative to exercise all rights of Note B hereunder. Notwithstanding the foregoing, without each Senior Note Holder’s
prior consent, which may be withheld in such Senior Note Holder’s sole discretion, each Note B Holder shall not Transfer
all or any portion of Note B 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 Note B Holder agrees it will pay the reasonable
out of pocket expenses of each Senior Note Holder (including all expenses of the Master Servicer and the Special Servicer) in connection
with any such Transfer. The Agent shall provide two Business Days prior written notice to each Rating Agency of any Transfer. Each
Senior Note Holder agrees that it will not Transfer its related Note except to a Qualified Institutional Lender. Promptly after
the Transfer, each non-transferring Senior Note Holder shall be provided with (x) a representation from a transferee or the
applicable Senior 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 19. If a Senior 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 (x) prior to a Securitization, the consent of each
non-transferring Senior Note Holder or (2) after a Securitization of a Senior Note Holder, a Rating Agency Confirmation.

 

(b)        
Notwithstanding the foregoing, Note B Holder shall have the right, without the need to obtain the consent of the Senior
Note Holders or any other Person, to Transfer 49% or less (in the aggregate) of its interest in Note B to a Person that has no
direct rights with respect to Note B or to a Qualified Institutional Lender; provided that any such Transfer shall be made
in accordance with the terms of this Section 19. Notwithstanding anything herein to the contrary, the Note B Holder
shall not Transfer all or any portion of Note B 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. All Transfers under Section 19(a)
and (b) shall be made upon written notice to the Senior Note Holders not later than the date of such Transfer, and each
transferee shall (i) execute an

 

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assignment
and assumption agreement whereby such transferee assumes all or a ratable portion, as the case may be, of the obligations of the
Note B Holder hereunder with respect to Note B 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 the Note B Holder of Note B solely as security
for a loan to the Note B Holder made by a third-party lender whereby the Note B Holder remains fully liable under this Agreement,
on or before the date on which such lender succeeds to the rights of the Note B Holder 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 the Note B Holder hereunder) and (ii) agree and acknowledge that the servicing of the Mortgage Loan shall be governed
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 Note B in accordance with this Agreement, the transferring
Person shall be released from all liability arising under this Agreement with respect to Note B (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 Note B as described in clause (c) below). In connection with any such permitted transfer of a portion of Note B and for
all purposes of this Agreement, the Senior Note Holders need only recognize the majority holder of Note B for purposes of notices,
consents and other communications between the Senior Note Holders and such majority holder of Note B shall be the only Person
authorized hereunder to exercise any rights of the Note B Holder under this Agreement; provided, however, the majority
holder of Note B 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 the Note B Holder hereunder by delivering written notice thereof
to a Senior Note 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 Noteholder and any Persons acting on its 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 Noteholder a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholder, may delegate to such participant such Noteholder’s right
to exercise the rights of the Note B Holder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Control Appraisal Period with respect to Note B, the aforesaid delegation of rights
shall terminate and be of no further force and effect.

 

(d)        
[Reserved]

 

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(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 the consent of each other Noteholder
and, after a Securitization, Rating Agency Confirmation. Upon written notice by the applicable Noteholder to the other Noteholders
and any Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee), each of the other
holders 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) days to cure a default by the pledging Noteholder in
respect of its obligations to the 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 the other Noteholders 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 the other Noteholders and any Servicer from any liability to the pledging Noteholder on account of any
Noteholder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or any such other Noteholder
to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the
pledging Noteholder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance
with applicable law and this Agreement. In such event, the Noteholders and any Servicer shall recognize such Note Pledgee (and
any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at
any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns,
as the successor to the pledging Noteholder’s rights,

 

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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 any Pledgee unless and until it
realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby such transferee assumes all
of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing and agrees to be bound
by the terms of this Agreement, including the restriction on Transfers set forth in Section 19, from and after the
date of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to execute an assignment and assumption
agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the Servicing Agreement. No transfer
of a Note may be made unless it is registered on the Note Register, and the Agent

 

    50

    

    

 

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 a Securitization of Note A-1, the 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, 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 Note
A-1 Holder, Deutsche Bank AG, acting through its New York Branch, as Note A-2 Holder, Initial Note B-1 Holder and Deutsche Bank
AG, acting through its New York Branch, as Note B-2 Holder 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, each Senior Note Holder and each Note B Holder hereby designates such person as its agent under this Section 21
solely for purposes of maintaining the Note Register.

 

Section 22.           
Statement of Intent. The Agent and each Noteholder intend that the Notes be classified and maintained as 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 among the parties.

 

Section 23.           
No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in any Mortgage Loan by any Noteholder
to another Noteholder. Except as otherwise provided in this Agreement and the Servicing Agreement, the Note B Holder shall not
have any interest in any property taken as security for any Mortgage Loan, provided, however, that if any such property
or the proceeds of any sale, lease or other disposition thereof shall be received, then the Note B Holder 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.           
Cooperation in Securitization.

 

(a)        
Each Noteholder acknowledges that any Noteholder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of a Senior Note, at the request of the related Noteholder, each other Noteholder shall use
commercially reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and to cooperate with the requesting
Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which the requesting Noteholder
customarily adheres or which may be reasonably

 

    51

    

    

 

required
in the marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to,
as applicable) any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the requesting Noteholder
in attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case,
as may be reasonably requested by the Rating Agencies to effect the Securitization; provided, however, that either
in connection with the Securitization or otherwise at any time prior to the Securitization no other Noteholder shall be required
to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection
therewith, if such modification or amendment would (i) change the interest allocable to, or the amount of any payments due to
or priority of any payments to be made to, such Noteholder, (ii) increase such Noteholder’s obligations or decrease such
Noteholder’s rights, remedies or protections hereunder or under any Mortgage Loan Document, or (iii) otherwise materially
adversely affect the rights and interests of such Noteholder. In connection with any such Securitization of a Senior Note, each
other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization such customary
non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be necessary to
satisfy its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that if it is not
the requesting Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating Agency and
the requesting Noteholder in connection with the preparation of any offering documents in connection with the Securitization,
and to review and respond reasonably promptly with respect to any information relating to it in any Securitization document, all
at the cost and expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the
requesting Noteholder pursuant to this Section 24 may be incorporated into the offering documents for a Securitization.
A requesting Senior Note Holder and each Rating Agency shall be entitled to rely on the information supplied by each other Noteholder
pursuant to this Section 24.

 

(b)        
The Senior Note Holder securitizing its Note may, at its election, deliver to each other Noteholder drafts of the preliminary
and final Securitization offering memoranda, prospectus, preliminary prospectus and any other disclosure documents and (in the
case of the Lead Securitization) the Servicing Agreement simultaneously with distributions of any such documents to the general
working group of the related Securitization. Each other Noteholder may, at its election, review and comment thereon insofar as
it relates to such other Noteholder and/or its Note, and, if such other Noteholder elects to review and comment, such other Noteholder
shall review and comment thereon as soon as possible (but in no event later than (i) in the case of the first draft thereof,
two (2) Business Days after receipt thereof and (ii) in the case of each subsequent 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. 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. 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.

 

    52

    

    

 

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

 

Section 25.           
Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND
DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF
THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

Section 26.            
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.

 

    53

    

    

 

Section 27.          
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed
by the parties hereto (other than as set forth in Section 5(b)). The Agent shall provide two Business Days prior written
notice to each Rating Agency of any material modification to this Agreement.

 

Section 28.          
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, 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 29.          
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 30.          
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 31.         
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 32.          
Entire Agreement. This Agreement constitutes the entire agreement among 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 33.          
Withholding Taxes.

 

(a)               
If a Senior 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 the Note B Holder with respect to the Mortgage Loan as a result of the Note B Holder constituting
a Non-Exempt Person, the Note A-1-1 Holder, in its capacity as servicer, shall be entitled to do so with respect to the Note B
Holder’s interest in such payment (all withheld amounts being deemed paid to the Note B Holder), provided that the
Note A-1-1 Holder shall furnish such Note B 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 B Holder to

 

    54

    

    

 

seek
any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which the Note B Holder is subject to tax.

 

(b)        
Each Note B Holder shall and hereby agrees to indemnify the Note A-1-1 Holder against and hold the Note A-1-1 Holder harmless
from and against any Taxes, interest, penalties and attorneys’ fees and disbursements arising or resulting from any failure
of the Note A-1-1 Holder (or the Servicer on its behalf) to withhold Taxes from payment made to such Note B Holder in reliance
upon any representation, certificate, statement, document or instrument made or provided by such Note B Holder to the Note A-1-1
Holder in connection with the obligation of the Note A-1-1 Holder to withhold Taxes from payments made to the Note B Holder, it
being expressly understood and agreed that (i) the Note A-1-1 Holder shall be absolutely and unconditionally entitled to accept
any such representation, certificate, statement, document or instrument as being true and correct in all respects and to fully
rely thereon without any obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity,
correctness or validity of the same and (ii) such Note B Holder shall, upon request of the Note A-1-1 Holder and at its sole cost
and expense, defend any claim or action relating to the foregoing indemnification using counsel selected by the Note A-1-1 Holder.

 

(c)         
Each Note B Holder represents to the Senior Note Holders (for the benefit of the Mortgage Loan Borrower) that it is not
a Non-Exempt Person and that neither the Note A-1-1 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, such Note B Holder shall
deliver to the Note A-1-1 Holder or Servicer, as applicable, evidence satisfactory to the Note A-1-1 Holder substantiating that
such Note B Holder is not a Non-Exempt Person and that the Note A-1-1 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 the Note B 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 Note A-1-1 Holder an Internal Revenue
Service Form W-9 and (ii) if the Note B 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, the Note B Holder shall satisfy the
requirements of the preceding sentence by furnishing to the Note A-1-1 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 the Note
B Holder, as evidence of the Note B Holder’s exemption from the withholding of United States tax with respect thereto. The
Note A-1-1 Holder shall not be obligated to make any payment hereunder to any Note B Holder in respect of its respective B Note
or otherwise until such Note B Holder shall have furnished to the Note A-1-1 Holder the requested forms, certificates, statements
or documents.

 

Section 34.         
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Note A-1-1 Holder (or a custodian acting on behalf of the Note A-1-1 Holder) on behalf of the registered holders
of the Notes.

 

    55

    

    

 

Section 35.         
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.

 

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Note A-1-1 Holder (or the Servicer
on its behalf) to the Note B Holder (or its Note B Holder Representative), or by the Note B Holder (or its Note B
Holder Representative) to the Note A-1-1 Holder (or the Servicer on its behalf), shall also be delivered by the applicable party
to the Note B Holder.

 

Section 36.          
Broker. Each Noteholder represents to each other Noteholder that no broker was responsible for bringing about this
transaction.

 

Section 37.          
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 20;

 

(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 of the Noteholders 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 20; and

 

(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.

 

    56

    

    

 

Section 38.          
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-1-1 Holder. In the event that the Agent is terminated pursuant to this Section 38, 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. JPMorgan Chase Bank, National Association, as Initial Agent, may transfer
its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. JPMorgan Chase
Bank, National Association, 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. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be
deemed a termination or resignation of such Servicer as Agent under this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    57

    

    

 

IN WITNESS WHEREOF, JPMorgan
Chase Bank, National Association and Deutsche Bank AG, acting through its New York Branch, have caused this Agreement to be duly
executed as of the day and year first above written.

 

	 	JPMORGAN CHASE BANK, NATIONAL

 ASSOCIATION, as Initial Note A-1 Holder 

and Initial Agent
	 	 	 
	 	By:	/s/ Bradley J. Hom
	 	 	Name: Bradley J. Hom
	 	 	Title:   Executive Director

 

		DEUTSCHE BANK AG, ACTING 

THROUGH
ITS NEW YORK BRANCH, as 

Note A-2 Holder
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name: Natalie Grainger
	 	 	Title:   Director

 

		By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title:   Director

 

		JPMORGAN CHASE BANK, NATIONAL

ASSOCIATION, as Initial Note B-1 Holder
	 	 	 
	 	By:	/s/ Bradley J. Hom
	 	 	Name: Bradley J. Hom
	 	 	Title:   Executive Director

 

		DEUTSCHE BANK AG, ACTING 

THROUGH
ITS NEW YORK BRANCH, 

as Note B-2 Holder
	 	 	 
	 	By:	/s/ Natalie Grainger
	 	 	Name: Natalie Grainger
	 	 	Title:   Director

 

		By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title:   Director

 

3 Columbus
Circle Co-Lender Agreement

 

    

    

    

  

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

A.       Description
of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of March 12, 2019 between JPMorgan Chase Bank, National Association, as Lender and 3 Columbus Circle LLC, 3 Columbus Circle LLC – Series A and 3 Columbus Circle LLC – Series B, collectively as Borrower
	Mortgage Loan Borrower:	3 Columbus Circle LLC, 3 Columbus Circle LLC – Series A and 3 Columbus Circle LLC – Series B
	Date of the Mortgage Loan and the Mortgage:  	March 12, 2019
	Initial Principal Amount of Mortgage Loan:	$500,500,000
	Location of Mortgaged Properties:	3 Columbus Circle, New York, New York 10019
	Initial Maturity Date:	March 11, 2029

 

B.       Description of
Note Interests:

 

	Initial Note A-1-1 Principal Balance:	$50,000,000
	Initial Note A-1-2 Principal Balance:	$75,000,000
	Initial Note A-1-3 Principal Balance:	$75,000,000
	Initial Note A-1-4 Principal Balance:	$40,000,000
	Initial Note A-1-5 Principal Balance:	$50,000,000
	Initial Note A-1-6 Principal Balance:	$35,000,000
	Initial Note A-1-7 Principal Balance:	$25,000,000
	Initial Note A-1-8 Principal Balance:	$17,500,000

  

    A-1

    

    

 

	Initial Note A-2-1 Principal Balance:	$25,000,000
	Initial Note A-2-2 Principal Balance:	$25,000,000
	Initial Note A-2-3 Principal Balance:	$25,000,000
	Initial Note A-2-4 Principal Balance:	$25,000,000
	Initial Note A-2-5 Principal Balance:	$22,500,000
	Initial Note B-1 Principal Balance:	$51,450,000
	Initial Note B-2 Principal Balance:	$53,550,000
	Senior Note Rate:	3.914%
	Initial Note B-1 Rate:	3.914%
	Initial Note B-2 Rate:	3.914%

 

    A-2

    

    

 

EXHIBIT B

 

Initial Note A-1 Holder:

JPMorgan Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue

New York, New York 10179

Attention: Thomas Nicholas Cassino

Facsimile No.: (212) 834-6029

 

-and-

JPMorgan Chase Bank, National Association

383 Madison Avenue

New York, New York 10179

Attention: Nancy Alto

Facsimile No.: (212) 623-4779

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

227 West Trade Street

Charlotte, North Carolina 28202

Attention: David Burkholder, Esq.

Facsimile No.: (704) 348-5200

E-mail: David.Burkholder@cwt.com

 

Note A-2 Holder:

Deutsche Bank AG,

New York Branch

 

Notice Address:

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

 

    B-1

    

    

 

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

 

Initial Note B-1 Holder:

JPMorgan Chase Bank, National Association

Notice Address:

JPMorgan Chase Bank, National Association

383 Madison Avenue

New York, New York 10179

Attention: Joseph E. Geoghan

Facsimile No.: (212) 272-7047

 

-and-

JPMorgan Chase Bank, National Association

383 Madison Avenue

New York, New York 10179

Attention: Nancy Alto

Facsimile No.: (212) 623-4779

 

with a copy to:

Cadwalader, Wickersham & Taft LLP

227 West Trade Street

Charlotte, North Carolina 28202

Attention: David Burkholder, Esq.

Facsimile No.: (704) 348-5200

E-mail: David.Burkholder@cwt.com

 

Note B-2 Holder:

Deutsche Bank AG, New York Branch

 

Notice Address:

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

 

    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-1Exhibit 4.7

AGREEMENT BETWEEN NOTEHOLDERS

Dated as of March 14, 2019

by and among

KEYBANK NATIONAL ASSOCIATION

(Initial Note A-1 Holder)

and

KEYBANK NATIONAL ASSOCIATION

(Initial Note A-2 Holder, Initial Note
A-3 Holder and Initial Note A-4 Holder)

SSTII Self Storage Portfolio II

     

     

    

THIS
AGREEMENT BETWEEN NOTEHOLDERS (“Agreement”), dated as of March 14, 2019 by and between KEYBANK NATIONAL ASSOCIATION
(together with its successors in interest, “KeyBank”), in its capacity as initial owner of Note A-1, (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”), and KEYBANK NATIONAL ASSOCIATION (together
with its successors and assigns in interest, in its capacity as initial owner of each of Note A-2 (in such capacity, the “Initial
Note A-2 Holder”), Note A-3 (in such capacity, the “Initial Note A-3 Holder”), and Note A-4 (in such
capacity, the “Initial Note A-4 Holder”, and collectively with the Initial Note A-1 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), KeyBank (in such capacity, the “Original Lender”)
originated a certain loan (the “Mortgage Loan”) described on the schedule attached hereto as Exhibit A (the
“Mortgage Loan Schedule”) to the mortgage loan borrowers described on the Mortgage Loan Schedule (collectively,
the “Mortgage Loan Borrower”), which, as of the date hereof, is evidenced, inter alia, by that certain (i)
Promissory Note A-1, dated January 24, 2019, in the original principal amount of $57,200,000.00 made by the Mortgage Loan Borrower
to the Initial Note A-1 Holder (as the same may be amended, modified, supplemented or replaced from time to time, “Note
A-1”); (ii) Promissory Note A-2, dated January 24, 2019, in the original principal amount of $26,000,000.00 made by
the Mortgage Loan Borrower to the Initial Note A-2 Holder (as the same may be amended, modified, supplemented or replaced from
time to time, “Note A-2”); (iii) Promissory Note A-3, dated January 24, 2019, in the original principal amount
of $13,000,000.00 made by the Mortgage Loan Borrower to the Initial Note A-3 Holder (as the same may be amended, modified, supplemented
or replaced from time to time, “Note A-3”); and (iv) Promissory Note A-4, dated January 24, 2019, in the original
principal amount of $7,800,000.00 made by the Mortgage Loan Borrower to the Initial Note A-4 Holder (as the same may be amended,
modified, supplemented or replaced from time to time, “Note A-4”), each secured by one or more first-priority
deeds of trust and mortgages between the Original Lender and the entities comprising the Mortgage Loan Borrower, all dated as-of
January 24, 2018, as listed on Exhibit B attached hereto (as the same may be amended, modified or supplemented from time to time,
the “Mortgages”), encumbering those certain real properties located at the locations listed on Exhibit A, attached
hereto (the “Mortgaged Properties”);

WHEREAS,
the Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder and Initial Note A-4 Holder desire to enter into
this Agreement to memorialize the terms under which the Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder
and Initial Note A-4 Holder are holding Note A-1, with respect to the Initial Note A-1 Holder, Note A-2, with respect to the Initial
Note A-2 Holder, Note A-3, with respect to the Initial Note A-3 Holder and Note A-4, with respect to the Initial Note A-4 Holder,
in the Mortgage Loan.

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 to such terms, or terms of substantially similar import, 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 Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and after the Securitization
Date shall mean the Master Servicer.

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

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

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

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

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

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

“Business
Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in North Carolina, California,
New York, Kansas, Pennsylvania, Florida or the city and state in which the Corporate Trust Office of the Trustee or the Certificate
Administrator, or the principal place of business or principal commercial mortgage loan servicing office of the Master Servicer
or the Special Servicer is located, or the New York Stock Exchange or the Federal Reserve System of the United States of America
are authorized or obligated by law or executive order to remain closed.

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

“CDO
Asset Manager” with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for
managing or administering a Note as an underlying

    	 	2	 

     

    

asset
of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation,
the right to exercise any consent and control rights available to the holder of such Note).

“Certificate
Account” shall mean the “Certificate Account” or other analogous term as defined in the Lead Securitization
Servicing Agreement.

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

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

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

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

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

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

“Controlling
Note” shall mean Note A-1.

“Controlling
Note PSA” shall mean the pooling and servicing agreement or other comparable agreement related to the Controlling Note.

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in the Lead Securitization designated as the “controlling class” or such other class(es)
or party otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to
the extent provided in the Lead Securitization Servicing Agreement; provided that if at any time 25% or more of the Controlling
Note (or the class of securities issued under the Controlling Note PSA 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
a Borrower Party or a Borrower Party Affiliate, the Controlling Note Holder (or the class of securities issued under the Controlling
Note PSA 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.

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

    	 	3	 

     

    

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

“Deficient
Exchange Act Deliverable”: With respect to the Master Servicer, the Special Servicer, the operating advisor, the custodian,
the Certificate Administrator, and the Trustee, any item (x) regarding such party, (y) prepared by such party or any
registered public accounting firm, attorney or other agent retained by such party to prepare such information and (z) delivered
by or on behalf of such party pursuant to the delivery requirements under the Lead Securitization PSA that does not conform to
the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act of 2002 and the rules
and regulations promulgated thereunder.

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

“Directing
Certificateholder” shall mean the “Controlling Class Certificateholder” or other analogous term as defined
in the Lead Securitization Servicing Agreement.

“Distribution
Date” shall mean the dates upon which distributions on the certificates are required to be made by the certificate administrator,
to the extent of available funds as described in the prospectus, which shall be the fourth (4th) business day following each Determination
Date.”

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

“First
Securitization” shall mean the earliest to occur of the Note A-1 Securitization, Note A-2 Securitization, Note A-3 Securitization
and Note A-4 Securitization.

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

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

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

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

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

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

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

    	 	4	 

     

    

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

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

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

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

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

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

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

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

“Lead
Securitization” shall mean (a) if the First Securitization is also the Note A-1 Securitization, such First Securitization
and (b) if the First Securitization is not also the Note A-1 Securitization, then (i) for the period from the closing date of
the First Securitization until the Note A-1 Securitization Date, the First Securitization and (ii) on and after the Note A-1 Securitization
Date, the Note A-1 Securitization.

“Lead
Securitization Note” shall mean (a) during the period from and after the Securitization of any Note (other than Note
A-1) but prior to the Note A-1 Securitization Date,

    	 	5	 

     

    

the
Note(s) to be contributed to the First Securitization; and (b) on and after the Note A-1 Securitization Date, Note A-1.

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

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

“Lead
Securitization Subordinate Class Representative” shall mean the “Directing Certificateholder” or other analogous
term as defined 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 assigned to such term in the Lead Securitization Servicing Agreement, provided,
however, that if there is no Lead Servicing Agreement, “Major Decisions” mean any of the actions set forth
on Annex A, attached hereto; however, during any “Control Appraisal Period”, as such term is defined under
the Lead Securitization Servicing Agreement, the term “Major Decisions” shall have the meaning assigned to such term
set out in such agreement.

“Master
Servicer” shall mean the Master Servicer of the Mortgage Loan appointed as provided in the Lead Securitization Servicing
Agreement.

“Monthly
Payment Date” shall mean the 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 terms 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 January 24, 2019, by and between Mortgage Loan Borrower,
as borrower, and KeyBank, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time
to time, subject to the terms hereof.

    	 	6	 

     

    

“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, guarantying or securing the Mortgage Loan.

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

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

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

“Non-Controlling
Note” means each of Note A-2, Note A-3, Note A-4 and/or or any New Note(s) issued in respect thereof.

“Non-Controlling
Note Holder” means each holder of a Non-Controlling Note; 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 Non-Lead Securitization Subordinate Class Representative under the related Securitization Servicing Agreement
or any other party assigned the rights to exercise the rights of the “Non-Controlling Note Holder” hereunder, as and
to the extent provided in the related 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 if at any time
25% or more of Note A-1 is held by a Borrower Party or a Borrower Party Affiliate, the Note A-1 Holder shall not be entitled to
exercise any rights of the Controlling Note Holder and the Initial Note A-2 Holder, Initial Note A-3 Holder and Initial Note A-4
Holder shall be the Controlling Note Holder unless 25% or more of Note A-2, Note A-3 or Note A-4 is held by a Borrower Party or
a Borrower Party Affiliate. If 25% or more of each of Note A-1, Note A-2, Note A-3 and Note A-4 is held by a Borrower Party or
a Borrower Party Affiliate, no person shall be entitled to exercise the rights of the Controlling Note Holder. With respect to
any 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 exercising the rights of any particular “Non-Controlling
Note Holder” herein or under the Lead Securitization Servicing Agreement and, (x) to the extent that the related Non-Lead
Securitization Servicing Agreement assigns such rights to more than one party, or (y) to the extent a Non-Controlling Note is
split into two or more New Notes pursuant to Section 32, for purposes of this Agreement, the Non-Lead Securitization Servicing
Agreement or the holders of such New Notes shall designate one party to deal with the Lead Securitization Note Holder (or the
Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer acting on its behalf); provided that, in the absence of such

    	 	7	 

     

    

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 Non-Controlling Note
Holder with respect to such Non-Controlling Note, as the Non-Controlling Note Holder for such Non-Controlling Note for all purposes
of this Agreement. As of the date hereof and until further notice from a Non-Lead Securitization Note Holder (or the Non-Lead
Master Servicer or another party acting on its behalf), the Initial Note A-2 Holder, Initial Note A-3 Holder and Initial Note
A-4 Holder are the Non-Controlling Note Holder with respect to Note A-2, Note A-3 and Note A-4.

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

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

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

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

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

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

“Non-Lead
Securitization Note Holder” shall mean the 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 a 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 a Borrower Party
or a Borrower Party Affiliate, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate
Class Representative.

    	 	8	 

     

    

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

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

“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).

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder other than a Securitizing Note Holder with
respect to such Securitization.

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

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

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

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

“Note
A-1 Securitization Date” shall mean the Securitization Date applicable to Note A-1.

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

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

“Note
A-2 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 (or on any New Notes
issued in substitution thereof) received by the Note A-2 Holder (or any holders of New Notes issued in substitution of the Note
A-2) or reductions in such amount pursuant to Section 3 or 4, as applicable.

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

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

    	 	9	 

     

    

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

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

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

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

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

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

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

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

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

“Note
Principal Balance” shall mean, (i) with respect to Note A-1, the Note A-1 Principal Balance, (ii) with respect to Note
A-2, the Note A-2 Principal Balance, (iii) with respect to Note A-3, the Note A-3 Principal Balance, and (iv) with respect to
Note A-4, the Note A-4 Principal Balance.

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

“Notes”
shall mean, collectively, Note A-1, Note A-2, Note A-3 and Note A-4.

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

    	 	10	 

     

    

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

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

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

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

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

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

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

(c)     one
or more of the following:

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

(ii)     an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an “accredited investor” within the meaning of, or any entity in which
each of the equity owners is an “accredited investor” within the

    	 	11	 

     

    

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 the Lead 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, either (x) the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or (y) Rating Agency Confirmations have been obtained from the Rating Agencies rating each Securitization
(in the case of either (x) or (y), 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 (c)(i), (ii),
(iv) or (v) of this definition, or

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

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

in
the case of any entity referred to in clause (c)(i), (ii), (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

    	 	12	 

     

    

owning
commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto) or
owning or operating commercial real estate properties; provided that, in the case of the entity described in clause (iv)(B)
above, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the
fund manager responsible for the day-to-day management and operation of such entity; or

(d)     any
entity Controlled by any of the entities described in clause (b) above or approved by the Rating Agencies hereunder as
a Qualified Institutional Lender for purposes of this Agreement, 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 three rating categories of
each of the applicable Rating Agencies (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from
any two of Fitch, Moody’s and S&P).

“Rating
Agencies” shall mean DBRS, 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 engaged by any Note Holder or the applicable depositor to rate the securities
issued in connection with the Securitization of the related Note; provided, however, that, at any time during which
one or more of the Notes is an asset of one or more Securitizations, “Rating Agencies” or “Rating
Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection
with the Securitizations of the Notes.

“Rating
Agency Confirmation” shall mean a confirmation in writing by each of the Rating Agencies that the occurrence of the
event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal
of the applicable rating or ratings ascribed by such Rating Agency to any of the securities issued pursuant to a Securitization
that are then outstanding. If no such securities are outstanding, any action that would otherwise require a Rating Agency Confirmation
shall instead require the consent of the Note A-1 Holder, which consent shall not be unreasonably withheld or delayed. For the
purposes of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise act upon any request for
Rating Agency Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only,
the condition that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes
of clarity, any such waiver, declination or refusal to review or otherwise act upon any request for a Rating Agency Confirmation
hereunder shall not be deemed a waiver, declination or refusal to review or otherwise act upon any subsequent request for a Rating
Agency Confirmation hereunder and the condition for Rating Agency Confirmation

    	 	13	 

     

    

pursuant
to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to review or
otherwise engage in such prior request.

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

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125,
as such rules may be amended and are in effect 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 Securities and Exchange
Commission (the “Commission”) or by the staff of the Commission, or as may be provided by the Commission or
its staff from time to time.

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

“Remittance
Date” shall mean the Business Day immediately preceding each Distribution Date.

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of at
least “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, the applicable replacement is currently acting as special servicer on a deal
or transaction-level basis for all or a significant portion of the related mortgage loans in 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, and Morningstar has not, with respect to any such other transactions,
qualified, downgraded or withdrawn its rating or ratings on one or more classes of securities issued in such transactions, (v) in
the case of DBRS, such special servicer is acting as special servicer for one or more loans included in a commercial mortgage
loan securitization that was rated by DBRS, and DBRS 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 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.

    	 	14	 

     

    

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

“Securitization”
shall mean one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion
of such Note as part of a securitization (rated by at least two Rating Agencies if such Securitization is the Lead 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.

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

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

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

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

“Senior
Trust Advisor” shall mean the trust advisor, operating advisor or similar entity appointed as provided in the Lead Securitization
Servicing Agreement.

“Serviced
Whole Loan Custodial Account” shall mean the subaccount of the “Certificate Account” or other analogous
term as defined in the Lead Securitization Servicing Agreement as more particularly described in the Lead Securitization Servicing
Agreement.

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

“Servicer
Termination Event” shall have the meaning assigned to such term in the 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
Advances” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

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

    	 	15	 

     

    

“Special
Servicer” shall mean the Special Servicer of the Mortgage Loan appointed as provided in the Lead Securitization Servicing
Agreement and this 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 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 First Securitization pursuant to the Lead Securitization Servicing Agreement; provided that the Master Servicer
shall not be obligated to advance monthly payments of principal or interest in respect of any Note other than Notes that are included
in the Lead Securitization, subject to the terms of the Lead Securitization Servicing Agreement including any provisions governing
the determination of non-recoverability. The Lead Securitization Servicing Agreement shall contain terms and conditions that are
customary for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise (i) required by
the Code relating to the tax elections of any Securitization Trust, (ii) required by law or changes in any law, rule or regulation
or (iii) generally required by the Rating Agencies in connection with the issuance of ratings in securitizations similar to the
Securitizations. In addition, the Lead Securitization Servicing Agreement shall have such additional provisions as are set forth
in Schedule I hereto. Each Note Holder acknowledges that any other Note Holder may elect, in its sole discretion, to include
its Note or Notes, as applicable, in a Securitization and agrees that it will, subject to Section 27, reasonably cooperate
with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and
conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer and the Trustee under the Lead Securitization Servicing Agreement by the Depositor and the appointment of the 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

    	 	16	 

     

    

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; provided that, if any payment is made from general
funds on deposit in the Certificate Account for the Lead Securitization Trust and the Lead Securitization Trust is entitled under
the terms of this Agreement to reimbursement from a Non-Lead Securitization Note Holder with respect to all or a portion of such
Non-Lead Securitization’s “share” of such payment, the Servicer may use efforts in accordance with the Servicing
Standard to exercise promptly the rights of the Lead Securitization Trust under this Agreement to obtain reimbursement from a
Non-Lead Securitization Note Holder for such Non-Lead Securitization Note Holders’ allocable share of the amount so paid.
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 Non-Lead Servicer under each Non-Lead Securitization Servicing Agreement to enable each
such Non-Lead Servicer to perform its servicing duties under the related 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.

At
any time that the Mortgage Loan, following the Securitization Date pursuant to the Lead Securitization Servicing Agreement, is
no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note Holders agree to cause the Mortgage
Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note Holders, pursuant to a servicing
agreement that has servicing terms substantially similar to the Lead Securitization Servicing Agreement and all references herein
to the “Lead Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided,
however, that if a Non-Lead Securitization Note is in a Securitization and the servicer(s) to be appointed under such replacement
servicing agreement would not otherwise meet the conditions to be a servicer under the Lead Securitization Servicing Agreement
that is being replaced, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to the
securities issued in connection with the Securitization for the Non-Lead Securitization Note; provided, further,
however, that until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall
cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement
were still in full force and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person
appointed by the Lead Securitization Note Holder that is a servicer meeting the requirements of a master servicer under the Lead
Securitization Servicing Agreement.

(b)     The
Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent
provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances with respect to the

    	 	17	 

     

    

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, shall be entitled to reimbursement
for a Servicing Advance, first from funds on deposit in the Certificate Account and/or the Serviced Whole Loan Custodial
Account for the Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage Loan, and then,
in the case of Nonrecoverable Servicing Advances, if such funds on deposit in the Certificate Account with respect to the Lead
Securitization Note, together with funds on deposit in the Serviced Whole Loan Custodial Account, are insufficient, from general
collections of the Lead Securitization as provided in the Lead Securitization Servicing Agreement. The Master Servicer, the Special
Servicer and the Trustee, as applicable, shall be entitled to reimbursement for accrued and unpaid interest on a Servicing Advance
or a Nonrecoverable Servicing Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement,
including from general collections of the Lead Securitization. Notwithstanding the foregoing, to the extent the Master Servicer,
the Special Servicer or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement
for a Nonrecoverable Servicing Advance or any accrued and unpaid interest on a Servicing Advance or a Nonrecoverable Servicing
Advance, each Non-Lead Securitization Note Holder (including 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 accrued and unpaid interest thereon.

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 such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in connection
with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Senior Trust Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to
the Lead Securitization Servicing Agreement (other than P&I Advances and interest thereon), to the extent amounts on deposit
in the “Serviced Whole Loan Custodial Account” are insufficient for reimbursement of such amounts and to the extent
that funds from general collections in the Lead Securitization are applied towards the Lead Securitization Note Holder’s
pro rata share of the insufficiency. Each Non-Lead Securitization Note Holder shall 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 the Lead Securitization Servicing Agreement) each of the Master Servicer, the
Special Servicer, the Certificate Administrator, the Trustee, the Senior Trust Advisor (if and to the extent it has responsibilities
with respect to the Non-Lead Securitization Notes) 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 Senior Trust Advisor,

    	 	18	 

     

    

incurred
in connection with the provision of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively,
the “Indemnified Items”) to the extent of its pro rata share of such Indemnified Items, and to the extent
amounts on deposit in the “Serviced Whole Loan Custodial Account” that are allocated to the related Non-Lead Securitization
Note are insufficient for reimbursement of such amounts, the Non-Lead Securitization Note Holder shall be required to, promptly
following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties
for its pro rata share of the insufficiency (including, if a Non-Lead Securitization Note has been included in a Non-Lead
Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust).

The
applicable master servicer under any Non-Lead Securitization (the “Non-Lead Master Servicer”) may be required
to make P&I Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the servicing
agreement for the related Securitization (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 each be
entitled to make its own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization
Note based on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Each
Non-Lead Master Servicer and the applicable special servicer and the trustee under the related Non-Lead Securitization Servicing
Agreement (respectively, 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
related 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 related Non-Lead Master Servicer or the related
Non-Lead Trustee shall be required to notify the other of the amount of its P&I Advance within two business days of making
such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead Securitization
Note) or a Non-Lead Master Servicer, Non-Lead Special Servicer or a Non-Lead Trustee, as applicable (with respect to a Non-Lead
Securitization Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding P&I
Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently
determines that a proposed Servicing Advance would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable,
then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or the related Non-Lead Master Servicer or
the related Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related Non-Lead Trustee)
shall notify the related Master Servicer and the related Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee, as
the case may be, of the other Securitization promptly upon making such determination. Each of the Master Servicer and the Trustee
will only be entitled to reimbursement for a P&I Advance made with respect to the Lead Securitization Note and advance interest
thereon that becomes non-recoverable first from the Certificate Account from amounts allocable to the Lead Securitization
Note, and then, if funds are insufficient, from general collections of the Lead Securitization Trust, pursuant to the terms
of the Lead

    	 	19	 

     

    

Securitization
Servicing Agreement. Each of a Non-Lead Master Servicer and a Non-Lead Trustee, as applicable, will only be entitled to reimbursement
for a P&I Advance made with respect to the Non-Lead Securitization Note and advance interest thereon that becomes non-recoverable
from general collections of the related Non-Lead 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 the related Non-Lead Securitization Note is included in a Securitization,
it shall cause the applicable Non-Lead Securitization Servicing Agreement to contain provisions to the effect that:

(i)     such
Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Nonrecoverable Servicing Advances
(and accrued and unpaid interest thereon) and any additional Trust Fund expenses (but not any interest on P&I Advances), 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 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 or the Trustee, or
the Lead Securitization Trust, as applicable, out of general collections in the collection account (or equivalent account) established
under the Non-Lead Securitization Servicing Agreement for the 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 collections, 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 collections in the collection account (or equivalent
account) established under the Non-Lead Securitization Servicing Agreement for the 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
the Lead Securitization Servicing Agreement) by the Securitization Trust holding the Non-Lead Securitization Note, against any
of the Indemnified Items to the extent of its pro rata share of such Indemnified Items, from amounts on deposit in the
“Serviced Whole Loan Custodial Account”, and to the extent amounts on deposit in the

    	 	20	 

     

    

“Serviced
Whole Loan Custodial Account” 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 Holder’s pro rata share
of the insufficiency out of general collections in the collection account (or equivalent account) established under the Non-Lead
Securitization Servicing Agreement;

(iii)     the
Non-Lead Master Servicer will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer, the
Master Servicer and the Senior Trust Advisor (i) promptly following Securitization of the Non-Lead Securitization Note, notice
of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact information
for the Non-Lead Trustee, the certificate administrator, the Non-Lead Master Servicer, the Non-Lead Special Servicer and the party
designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement), accompanied by a copy
of the executed Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity of the Non-Lead
Master Servicer or the party designated to exercise the rights of the “Non-Controlling Note Holder” 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)     Prior
to Securitization of a Non-Lead Securitization Note (including any New Notes), all notices, reports, information or other deliverables
required to be delivered to the related Non-Lead Securitization Note Holder or the related Non-Controlling Note Holder pursuant
to this Agreement or the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) only need to be delivered to the related Non-Controlling Note Holder Representative
and, when so delivered to such Non-Controlling Note Holder Representative, the Lead Securitization Note Holder (or the Master
Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect
to such items hereunder or under the Lead Securitization Servicing Agreement. Following Securitization of a Non-Lead Securitization
Note, all notices, reports, information or other deliverables required to be delivered to the related Non-Lead Securitization
Note Holder or the related Non-Controlling Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement
by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered
to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the related certificate administrator and the
related Non-Lead Securitization Subordinate Class Representative (who then may forward such items to the party entitled to receive
such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to
such Non-Lead Master Servicer, such Non-Lead Special Servicer, the related certificate administrator and the related Non-Lead
Securitization Subordinate Class Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under
the Lead Securitization Servicing Agreement.

    	 	21	 

     

    

(e)     Notwithstanding
anything to the contrary, until such time as the Lead Securitization Note is placed into the Lead Securitization, the Mortgage
Loan shall be serviced, including reporting and remittance, pursuant to the Non-Lead Securitization Agreement. After such time
as the Lead Securitization Note is placed into the Lead Securitization all servicing shall be done pursuant to the Lead Securitization
Servicing Agreement.

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, 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 reimbursement of P&I Advances (and interest thereon) made with respect to any Note which may only be reimbursed
out of payments and collections allocable to such Note and (ii) any Servicing Fees due to the Master Servicer in excess of that
portion of such Servicing Fees calculated at the Servicing Fee Rate applicable to the Non-Lead Securitization Note as set forth
in the Lead Securitization Servicing Agreement which excess may only be paid out of payments and collections allocable to the
Lead Securitization Note) to any Servicer, with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement
(including without limitation, any additional Trust Fund expenses (other than interest on P&I Advances) relating to the Mortgage
Loan (but subject to second paragraph of Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special
Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges (to the extent provided in the immediately following paragraph)
and any other additional compensation payable pursuant to the Lead Securitization Servicing Agreement), shall be applied by the
Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis.

For
clarification purposes, Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid on each Note shall first,
be used to reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay the Master Servicer,
the Trustee or the Special Servicer for any interest accrued on any Servicing Advances and reimbursement of any Servicing Advances
in accordance with the terms of the Lead Securitization Servicing Agreement, second, be used to reduce the respective amounts
payable on each Note by the amount necessary to pay the Master Servicer, Trustee, a Non-Lead Master Servicer or a Non-Lead Trustee
for any interest accrued on any P&I Advance made with respect to such Note by such party (if and as specified in the Lead
Securitization Servicing Agreement or a Non-Lead Securitization Servicing Agreement, as applicable), third, be used to
reduce, on a pro rata basis, the amounts payable on each Note by the amount necessary to pay additional trust fund expenses

    	 	22	 

     

    

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

    	 	23	 

     

    

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

Each
Note Holder hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting
on behalf of the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Mortgage Loan and the determination
by the Special Servicer to sell the Lead Securitization Note in accordance with the Lead Securitization Servicing Agreement, to
sell the Notes together as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.
In connection with any such sale, the Special Servicer shall be required to sell the Notes together as notes evidencing one whole
loan and shall require that all offers be submitted to the Certificate Administrator or Special Servicer, as applicable, in accordance
with the terms of the Lead Securitization Servicing Agreement in writing. The Trustee (based upon updated Appraisals ordered by
the Special Servicer and received by the Trustee (or ordered by the Trustee if the Special Servicer or any of its Affiliates is
an Interested Person)) shall determine the fair price for the Specially Serviced Mortgage Loan (in the manner set forth in the
Lead Securitization Servicing Agreement) if the highest offeror is an Interested Person, and any such determination by the Trustee
shall be binding upon all parties; provided, however, if the highest offeror is not an Interested Person the Special
Servicer shall determine the fair price for the Specially Serviced Mortgage Loan (in the manner set forth in the Lead Securitization
Servicing Agreement) and any such determination by the Special Service shall be binding upon all parties. Notwithstanding the
foregoing, the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder)
shall not be permitted to sell the Mortgage Loan without the written consent of each Non-Controlling Note Holder (provided
that such consent is not required if the related Non-Controlling Note is held by a Borrower Party or Borrower Party Affiliate)
unless the Special Servicer has delivered to each Non-Controlling Note Holder: (a) at least 15 Business Days prior written notice
of any decision to attempt to sell the Mortgage Loan; (b) at least 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 the most recent Appraisal for the Mortgage
Loan, and any documents in the Servicing File reasonably requested by a Non-Controlling Note Holder that are material to the price
of the Mortgage Loan and (d) until the sale is completed and a reasonable period of time (but no less time than is afforded to
other offerors and the Lead Securitization Subordinate Class Representative) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer
or the Special Servicer in connection with the proposed sale; provided, however, that any Non-Controlling Note Holder may waive
any delivery or timing requirements set forth in this sentence only for itself. Subject to the foregoing, each of the Controlling
Note Holder, the Controlling Note Holder Representative, the Non-Controlling Note Holders and the Non-Controlling Note Holder
Representatives shall be permitted to bid at any sale of the Mortgage Loan unless such Person is a Borrower Party or an agent
for Borrower Party Affiliate.

    	 	24	 

     

    

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

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

(b)     The
administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The servicing
of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan
(or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant
to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance with
the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer and the Special
Servicer to service and administer the Mortgage Loan in accordance with the Servicing Standard taking into account the interests
of each 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 a Non-Lead Securitization Note Holder without such Non-Lead Securitization Note
Holder’s prior written consent. Each Non-Lead Securitization Note Holder (unless it is the same Person as or a Borrower
Party Affiliate) shall be a third-party beneficiary to the Lead

    	 	25	 

     

    

Securitization
Servicing Agreement with respect to its rights as specifically provided for therein.

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

    	 	26	 

     

    

In
addition to the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided
in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to attend annual meetings (which
may be held telephonically or in person, at the discretion of the Master Servicer or Special Servicer, as applicable) 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-Controlling 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.

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

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

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

    	 	27	 

     

    

(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
a Borrower Party, its principal or any Borrower Party Affiliate), including, without limitation, the Controlling Note Holder,
any officer or employee of the Controlling Note Holder, any Affiliate of the Controlling Note Holder or any other unrelated third
party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than
the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement may
be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. Any Servicer, Senior Trust
Advisor, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall not be required to
recognize any Person as a Controlling Note Holder Representative until the Controlling Note Holder has notified the Servicer,
Senior Trust Advisor, 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 any Servicer, Senior
Trust Advisor, Trustee and Certificate Administrator with written confirmation of its acceptance of such appointment, an address
and telecopy number for the delivery of notices and other correspondence and a list of officers or employees of such person with
whom the parties to this Agreement may deal (including their names, titles, work addresses and telecopy numbers). The Controlling
Note Holder shall promptly deliver such information to any Servicer, Senior Trust Advisor, 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 another Note Holder, and that the Controlling
Note Holder Representative may have special relationships and interests that conflict with the interests of a Note Holder and,
absent willful misfeasance, bad faith or gross negligence on the part of the Controlling Note Holder Representative or the Controlling
Note Holder, as the case may be, agree to take no action against the Controlling Note Holder Representative, the Controlling Note
Holder or any of their respective officers,

    	 	28	 

     

    

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 (a “Non-Controlling Note Holder Representative”).
All of the provisions relating to Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) (except those contained in the last sentence thereof) and Section 6(b) shall apply to each Non-Controlling Note
Holder and any related Non-Controlling Note Holder Representative mutatis mutandis.

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

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

    	 	29	 

     

    

judgment,
then upon the expiration of such ten (10) Business Day period (or, in connection with an Acceptable Insurance Default, thirty
(30) day period), such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

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

No
objection, direction, consent, advice or consultation contemplated by the preceding paragraphs of this Section 6(d) or
elsewhere in this Agreement 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 or the REMIC provisions
of the Code, be inconsistent with 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 the Special Servicer, as applicable.
The Controlling Note Holder shall have no liability to the other Note Holders or any other party for any action taken, or for
refraining from the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement
or the Lead Securitization Servicing Agreement or errors in judgment, absent any loss, liability or expense incurred by reason
of its willful misfeasance, bad faith or gross negligence. The Note Holders agree that the Controlling Note Holder may take or
refrain from taking actions, or give or refrain from giving consents, that favor the interests of one Note Holder over the other
Note Holders, and that the Controlling Note Holder may have special relationships and interests that conflict with the interests
of another Note Holder and, absent willful misconduct, bad faith or gross negligence on the part of the Controlling Note Holder
agree to take no action against the Controlling Note Holder or any of its officers, directors, employees, principals or agents
as a result of such special relationships or interests, and that the Controlling Note Holder shall not be deemed to have been
grossly negligent or reckless, or to have acted in bad faith or engaged in willful misconduct or to have recklessly disregarded
any exercise of its rights by reason of its having acted or refrained from acting or having given any consent or having failed
to give any consent, solely in the interests of any Note Holder.

Section
7.     Appointment of Special Servicer. Subject to the terms of, and conditions and requirements
set forth in, the Lead Securitization Servicing Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative)
shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with
respect to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note
Holder (or its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to
the other Note Holder, the 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,

    	 	30	 

     

    

without
limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization Servicing Agreement) and delivering
to each Non-Lead Securitization Note Holder a Rating Agency Confirmation with respect to any rated securities issued in a Non-Lead
Securitization, in each case if applicable. 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 a Non-Controlling Note Holder’s direction cannot at any
time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling
Note Holder. The Non-Controlling Note Holder that directs 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 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 Certificate Account under the Lead Securitization Servicing Agreement.

Section
8.     Payment Procedure.

(a)     The
Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms
of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes into
the Serviced Whole Loan Custodial Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The
Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such amounts to the applicable account
within two Business Days after receipt of properly identified funds by the Lead Securitization Note Holder (or the Master Servicer
acting on its behalf) from or on behalf of the Mortgage Loan Borrower. The Lead Securitization Servicing Agreement shall provide
that all amounts on deposit in the Serviced Whole Loan Custodial Account on a Remittance Date allocable under this Agreement to
a Non-

    	 	31	 

     

    

Lead
Securitization Note Holder shall be deposited or credited on the Remittance Date for such Non-Lead Securitization by wire transfer
of immediately available funds to an account specified by such Non-Lead Securitization Note Holder.

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

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

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

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

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

    	 	32	 

     

    

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

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

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

    	 	33	 

     

    

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

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

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

Section
14.     Sale of the Notes.

(a)     Except
with the consents contemplated by the second following sentence, each Note Holder agrees that it will not sell, assign, transfer,
pledge, syndicate, hypothecate, contribute, encumber or otherwise dispose of all or any portion of its respective Note or Notes,
as applicable (a “Transfer”) except to a Qualified Institutional Lender. Promptly after the Transfer, each
non-transferring Note Holder shall be provided with (x) a representation from a transferee or the applicable Note Holder
certifying that such transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately
following sentence) and (y) a copy of the assignment and assumption agreement referred to in Section 15. If a
Note Holder intends to Transfer its respective Note or Notes, as applicable, in whole or in part, or any portion thereof, to an
entity that is not a Qualified Institutional Lender, it must first obtain the written consent of each non-transferring Note Holder
or, if such non-transferring Note Holder’s Note is held in a Securitization Trust, obtain a Rating Agency Confirmation from
each of the applicable engaged Rating Agencies for such Securitization

    	 	34	 

     

    

Trust.
Notwithstanding the foregoing, without each non-transferring Note Holder’s prior written consent (which will not be unreasonably
withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust, without a Rating Agency Confirmation
from each of the applicable engaged Rating Agencies for such Securitization, no Note Holder shall Transfer all or any portion
of its Note or Notes, as Applicable (or a participation interest in such Note or Notes) to the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported
transferee. The transferring Note Holder agrees that it shall pay the expenses of each non-transferring Note Holder (including
all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses relating to obtaining Rating Agency
Confirmation in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without
receipt of Rating Agency Confirmation and without the need to obtain the consent of the other Note Holders or any other Person,
to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note or Notes, as applicable. 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 Mortgage Loan, to a single member limited liability or limited partnership, 100% of the equity
interest in which is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships,
by the Lead Securitization Trust.

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

(c)     Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note or Notes, as applicable, 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 (or, if not rated by an applicable Rating Agency, an equivalent
(or higher) rating from any two of Fitch, Moody’s and S&P) (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 or Notes, as applicable, 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 any other Note Holder and any Servicer that a Pledge has been effected (including the name and address of the applicable
Note Pledgee), such other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note

    	 	35	 

     

    

Pledgee
written notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which default
such Note Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by
the pledging Note Holder in respect of its obligations to any other Note Holder hereunder, but such Note Pledgee shall not be
obligated to cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement shall
be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably
withheld, conditioned or delayed; (iv) that such other Note Holder shall give to such Note Pledgee copies of any notice of
default under this Agreement simultaneously with the giving of same to the pledging Note Holder; (v) that such other Note
Holder shall deliver to Note Pledgee such 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 or Notes,
as applicable, to such Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions
are satisfied:

    	 	36	 

     

    

(i)     The
loan (the “Conduit Inventory Loan”) made by the Conduit to such Note Holder to finance the acquisition and
holding of its Note or Notes, as applicable, 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 or Notes, as applicable, to the Conduit as collateral for the Conduit Inventory Loan;

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

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

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

In
connection with any Transfer of a Note (but excluding any Note 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

    	 	37	 

     

    

Holders
against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.

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

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

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

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

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

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

Section
18.     Modifications. This Agreement shall not be modified, cancelled or terminated except by
an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust,
the Note Holders shall not amend or

    	 	38	 

     

    

modify
this Agreement without first obtaining a Rating Agency Confirmation from each Rating Agency then rating any securities of any
Securitization (subject to the provisions of each Securitization Servicing Agreement addressing non-responsive Rating Agencies);
provided that no such Rating Agency Confirmation shall be required in connection with a modification (i) to cure any ambiguity,
to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with
the Lead Securitization Servicing Agreement, or (ii) to make other provisions with respect to matters or questions arising under
this Agreement, which shall not be inconsistent with the provisions of this Agreement or (iii) if and to the extent the it would
be deemed given or not required pursuant to the definition of Rating Agency Confirmation in the Lead Securitization Servicing
Agreement and/or any Non-Lead Securitization Servicing Agreement, as applicable.

Section
19.     Statement of Intent. The Agent and each Initial Note Holder intend that the Notes be classified
and maintained as 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 among the parties.

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

Section
21.     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
22.     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
23.      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.

    	 	39	 

     

    

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

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

(c)     Each
Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrower)
that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrower is obligated
under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement.
Contemporaneously with the execution of this Agreement and from time to time as necessary during the term of this Agreement, each
Non-Lead Securitization Note Holder shall deliver to the Lead Securitization Note Holder or Servicer, as applicable and upon written
request, 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

    	 	40	 

     

    

Agreement.
Without limiting the effect of the foregoing, (i) if a Non-Lead Securitization Note Holder is created or organized under
the laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Securitization Note Holder an Internal Revenue Service Form W-9 and (ii) if a Non-Lead
Securitization Note Holder is not created or organized under the laws of the United States, any state thereof or the District
of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States income
tax purposes as derived in whole or part from sources within the United States, such Note Holder shall satisfy the requirements
of the preceding sentence by furnishing to the Lead Securitization Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY
(with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or successor forms, as may be required from time to time, duly executed
by such Note Holder, as evidence of such Note Holder’s exemption from the withholding of United States tax with respect
thereto. The Lead Securitization Note Holder shall not be obligated to make any payment hereunder with respect to a Non-Lead Securitization
Note or otherwise until the related Non-Lead Securitization Note Holder shall have furnished to the Lead Securitization Note Holder
the above required forms, certificates, statements or documents.

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

Section
27.     Cooperation in Securitization.

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

    	 	41	 

     

    

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

(b)     The
holder of any Note that will, upon Securitization, be the Lead Securitization Note shall give each of the other Note Holders and
parties to any Non-Lead Securitization Servicing Agreement (that are not also parties to the proposed Lead Securitization Servicing
Agreement) notice of the Securitization of the Lead Securitization Note in writing (which may be by e-mail) not less than five
(5) business days prior to the applicable closing date for the Securitization of such Note. Such notice shall contain contact
information for each of the parties to the proposed Lead Securitization Servicing Agreement. In addition, notwithstanding anything
to the contrary herein, the holder of the Note that will, upon Securitization, be the Lead Securitization Note shall send each
distributed draft of the proposed Lead Securitization Servicing Agreement to each of the other Note Holders and parties to any
Non-Lead Securitization Servicing Agreement (that are not also parties to the proposed Lead Securitization Servicing Agreement)
and shall send copies of the offering documents (prior to printing or filing thereof) related to the Securitization of such Note
to each of the other Note Holders and the Non-Lead Securitization Note Holders shall have a reasonable opportunity to comment
thereon.

Section
28.     Notices. All notices required hereunder shall be given by (i) facsimile transmission
(during business hours) if the sender on the same day sends a confirming copy of such notice by reputable overnight delivery service
(charges prepaid), (ii) reputable overnight delivery service (charges prepaid) or (iii) certified United States mail,
postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit C
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
29.     Broker. Each Note Holder represents to each other that no broker was responsible for bringing
about this transaction.

    	 	42	 

     

    

Section
30.     Certain Matters Affecting the Agent.

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

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

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

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

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

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

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

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

    	 	43	 

     

    

Section
32.     Resizing. Notwithstanding any other provision of this Agreement, for so long as KeyBank
or an Affiliate of KeyBank (an “Original Entity”) is the owner of a 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 discussed in Section 5), no Note may be modified or amended without the consent of its holder and the consent
of the holder of the other Note. In connection with the foregoing (provided the conditions set forth in (i) through (v) above
are satisfied, with respect to (i) through (iv), as certified by the Original Entity, on which certification the Master Servicer
can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents and this
Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of
principal. If more than one New Note is created hereunder, for purposes of exercising the rights of the Non-Controlling Note Holder
hereunder, the Non-Controlling Note Holder of such New Notes shall be as provided in the definition of such term in this Agreement.

Section
33.     Certain Fee Rates.  It is hereby agreed that (i) the per annum rate at
which primary servicing fees (which may be designated as sub-servicing fees under the Lead Securitization Servicing Agreement)
are payable in respect of the Mortgage Loan shall not exceed .01% per annum; and (ii) the rates at which Special Servicing
Fees, Liquidation Fees and Workout Fees accrue or are determined shall not exceed 0.25%, 1.00% and 1.00%, respectively, subject
to any minimum compensation provided for in the Lead Securitization Servicing Agreement.

[SIGNATURE
PAGE FOLLOWS]

 

    	 	44	 

     

    

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

 

	 	KEYBANK NATIONAL ASSOCIATION,
    as Initial Note A-1 Holder, Initial Note A-2 Holder, Initial Note A-3 Holder, Initial Note A-4 Holder and Initial Agent
	 	 	 
	 	 	 
	 	By:	/s/ Kathy
    Messner
	 	 	Name:  Kathy Messner
	 	 	Title:    Vice President

 

 

 

 

 

 

(Agreement
Between Noteholders – Signature Page - SSTII Self Storage Portfolio)

 

     

     

    

ANNEX
A

MAJOR
DECISIONS

(a)     any
proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of the REO Property) of the ownership
of the Property or the exercise of any other remedies with respect to the Loan;

(b)     any
modification, consent to a modification or waiver of a monetary term or material non-monetary term (including, without limitation,
the timing of payments and acceptance of discounted payoffs but excluding late payment charges or default interest) of the Loan
or any extension of the maturity date of the Loan;

(c)     any
sale of the Loan if it is a “Defaulted Loan” or REO Property (other than in connection with the termination of the
Trust) for less than the applicable Repurchase Price;

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

(e)     any
requests for property releases or substitutions, other than (i) grants of easements or rights of way that do not materially affect
the use or value of the Property or the Borrower’s ability to make any payments with respect to the Loan, (ii) release of
non-material parcels of the Property (including, without limitation, any such releases (A) to which the Loan Documents expressly
require the Lenders to make such releases upon the satisfaction of certain conditions (and the conditions to the release that
are set forth in the Loan Documents do not include the approval of the Lenders or the exercise of lender discretion (other than
confirming the satisfaction of the other conditions to the release set forth in the Loan Documents that do not include any other
approval or exercise)) and such release is made as required by the Loan Documents or (B) that are related to any condemnation
action that is pending, or threatened in writing, and would affect a non-material portion of the Property), or (iii) the release
of collateral securing the Loan in connection with a defeasance of such collateral;

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

(g)     any
property management company changes or franchise changes with respect to the Loan for which the Lender(s) are/is required to consent
or approve under the Loan Documents;

(h)     releases
of any amounts from escrow accounts, reserve accounts or letters of credit held as performance escrows (or reserves) or earn-out
escrows (or reserves) other than

    	 	ANNEX A-1	 

     

    

those
required pursuant to the specific terms of the Loan and for which there is no lender discretion;

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

(j)     any
determination of an Acceptable Insurance Default;

(k)     any
exercise of a material remedy with respect to the Loan following a default or event of default under the Loan Documents;

(1)     any
modification, consent to a modification or waiver of any material term of the Co-Lender Agreement or similar agreement related
to the Loan, or any action to enforce rights with respect to the Loan; and

(m)     any
consent to incurrence of additional debt by the Borrower or mezzanine debt by a direct or indirect parent of the Borrower, to
the extent the mortgagee’s approval is required under the Loan Documents.

Defined
Terms:

“Acceptable
Insurance Default”: A default on the Loan arising when the Loan Documents require that the Borrower maintain all-risk
casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special Servicer has
determined, in its reasonable judgment in accordance with Accepted Servicing Practices (or the Servicing Standard, if such term
is used in the applicable pooling and servicing agreement) and, if the Loan has been securitized, the applicable pooling and servicing
agreement, that (i) such insurance is not available at commercially reasonable rates and the subject hazards are not commonly
insured against by prudent owners of similar real properties located in or near the geographic region in which the Property is
located (but only by reference to such insurance that has been obtained by such owners at current market rates), or (ii) such
insurance is not available at any rate; provided, however, that the Lenders (if the Lenders remain in control by virtue
of owning the Controlling Note) or Directing Certificateholder (if the Controlling Note has been securitized) shall have no more
than thirty (30) days to respond to the Special Servicer’s request for such consent; provided, further, that upon
the Special Servicer’s determination, consistent with the Accepted Servicing Practices (or the Servicing Standard, if such
term is used in the applicable pooling and servicing agreement), that exigent circumstances do not allow the Special Servicer
to consult with the Holder of the Controlling Note or the Directing Certificateholder the Special Servicer shall not be required
to do so. In making this determination, the Special Servicer, to the extent consistent with the Accepted Servicing Practices or
the Servicing Standard, as applicable may rely on the opinion of an insurance consultant.

“Defaulted
Loan”: The Loan if it is either (A) is a Specially Serviced Loan within the meaning of the definition of “Specially
Serviced Loan” in the applicable pooling and servicing agreement, or (B) is a Specially Serviced Loan as to which the amounts
due thereunder have been accelerated following any other material default.

    	 	ANNEX A-2	 

     

    

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

“Property”
means the property subject to the Mortgage.

“REO
Property” means a mortgaged property acquired on behalf and in the name of the Trustee or a nominee thereof for the
benefit of the Certificateholders (or, prior to any Securitization, the Lenders) through foreclosure, acceptance of a deed-in-lieu
of foreclosure or otherwise in accordance with applicable law in connection with the default or imminent default of the Loan.

“Repurchase
Price” means the price payable for the repurchase of a Note or the Loan from a Securitization pursuant to the applicable
pooling and servicing agreement.

“Trust”
means the trust created and to be administrated pursuant to a pooling and servicing agreement.

Capitalized
terms used in this Annex but not defined herein or in the Agreement shall have the meanings ascribed to them in the applicable
pooling and servicing agreement.

    	 	ANNEX A-3	 

     

    

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

Description
of Mortgage Loan

	Mortgage
    Loan Borrower:	SST
    II 19240 HWY 12, LLC, SSGT 3252 N US HIGHWAY 1, LLC, SST II 501 NW BUSINESS CENTER DR, LLC, SST II 10325 W BROWARD BLVD, LLC,
    SSGT 6 SUN ISLAND RD, LLC, SST II 9890 POLLOCK DR, LLC, SST II 6318 W SAHARA AVE, LLC, SST II 590 E SILVERADO RANCH BLVD,
    LLC, SST II 338 JESSE ST, LLC and SST II 4630 DICK POND RD, LLC, each a Delaware limited liability company
	Date
    of Mortgage Loan:	January
    24, 2019
	Date
    of Notes:	January
    24, 2019
	Original
    Principal Amount of Mortgage Loan:	$104,000,000.00
	Principal
    Amount of Mortgage Loan as of the date hereof:	$104,000,000.00
	Initial
    Note A-1 Principal Balance:	$57,200,000.00
	Initial
    Note A-2 Principal Balance:	$26,000,000.00
	Initial
    Note A-3 Principal Balance:	$13,000,000.00
	Initial
    Note A-4 Principal Balance:	$7,800,000.00

 

    	 	Exhibit A-1	 

     

    

 

	Location
    of Property(ies):	Sonoma,
                                         19240 Highway 12, Sonoma, CA 95476 (Sonoma County)

        Fort
        Pierce, 3252 N. US Hwy 1, Fort Pierce, FL 34946 (St. Lucie County)

        Port
        St. Lucie - NW Business, 501 NW Business Center Drive, Port St. Lucie, FL 34986 (St. Lucie County)

        Plantation,
        10325 W. Broward Boulevard, Plantation, FL 33324 (Broward County)

        Nantucket,
        6 Sun Island Rd, Nantucket, MA 02554 (Nantucket County)

        Pollock,
        9890 Pollock Drive, Las Vegas, NV 89183 (Clark County)

        Central
        Self Storage, 6318 W Sahara Ave, Las Vegas, NV 89146 (Clark County)

        Bermuda,
        590 East Silverado Ranch Blvd, Las Vegas, NV 89183 (Clark County)

        Myrtle
        Beach – Jesse, 338 Jesse St, Myrtle Beach, SC 29579 (Horry County)

        Myrtle
Beach - Dick Pond, 4630 Dick Pond Rd, Myrtle Beach, SC 29588 (Horry County) 

	Initial
    Maturity Date:	February
    1, 2029

 

 

    	 	Exhibit A-2	 

     

    

EXHIBIT
B

List
of deeds of trust and mortgages securing the Notes:

DEED
OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 19240 HWY
12, LLC;

DEED
OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 9890 POLLOCK
DR, LLC;

DEED
OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 6318 W
SAHARA AVE, LLC;

DEED
OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 590 E SILVERADO
RANCH BLVD, LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SSGT 3252 N US HIGHWAY 1,
LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 501 NW BUSINESS CENTER
DR, LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 10325 W BROWARD BLVD,
LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SSGT 6 SUN ISLAND RD, LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 338 JESSE ST, LLC;

MORTGAGE,
ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING made as of January 24, 2019, by SST II 4360 DICK POND RD,
LLC;

 

 

    		Exhibit B-1	 

     

    

Exhibit
C

 

1.     Initial
Note A-1 Holder:

 

KeyBank
National Association

11501
Outlook Street, Suite 300

Overland
Park, Kansas 66211

Facsimile
No.: 877-379-1625

Attn:
Loan Servicing

with a copy to:

Daniel Flanigan, Esq.

Polsinelli

900
West 48th Place, Suite 900

Kansas
City, Missouri 64112

Facsimile
No.: 816-753-1536

 

2.     Initial
Note A-2 Holder:

 

KeyBank
National Association

11501
Outlook Street, Suite 300

Overland
Park, Kansas 66211

Facsimile
No.: 877-379-1625

Attn:
Loan Servicing

with a copy to:

Daniel Flanigan, Esq.

Polsinelli

900
West 48th Place, Suite 900

Kansas
City, Missouri 64112

Facsimile
No.: 816-753-1536

 

3.     Initial
Note A-3 Holder:

 

KeyBank
National Association

11501
Outlook Street, Suite 300

    		Exhibit C-1	 

     

    

Overland
Park, Kansas 66211

Facsimile
No.: 877-379-1625

Attn:
Loan Servicing

with a copy to:

Daniel Flanigan, Esq.

Polsinelli

900
West 48th Place, Suite 900

Kansas
City, Missouri 64112

Facsimile
No.: 816-753-1536

 

4.     Initial
Note A-4 Holder:

 

KeyBank
National Association

11501
Outlook Street, Suite 300

Overland
Park, Kansas 66211

Facsimile
No.: 877-379-1625

Attn:
Loan Servicing

with a copy to:

Daniel Flanigan, Esq.

Polsinelli

900
West 48th Place, Suite 900

Kansas
City, Missouri 64112

Facsimile
No.: 816-753-1536

    		Exhibit C-2	 

     

    

Exhibit
D

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 Advisors, LLC
	22.	Rialto
    Capital Management, LLC
	23.	Rockpoint
    Group
	24.	Starwood
    Capital/Starwood Financial Trust
	25.	Torchlight
    Investors
	26.	Walton
    Street Capital, LLC
	27.	Westbrook
    Partners
	28.	WestRiver
    Capital
	29.	Whitehall
    Street Real Estate Fund, L.P.

 

    		Exhibit D-1	 

     

    

 

SCHEDULE
I

 

 

The
Lead Securitization Servicing Agreement shall provide that:

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

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

(iii)     the
Master Servicer shall remit all payments received with respect to the Non-Lead Securitization Notes, net of the Servicing Fee
payable with respect to each 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 other holders on or prior to the Business Day immediately preceding
the Master Servicer Remittance Date;

(iv)     with
respect to each Non-Lead Securitization Note that is held by a Securitization, the Certificate Administrator agrees to make available
to each of the Non-Lead Securitization Note Holders or, if such Non-Lead Securitization Note is securitized, to each of the Non-Lead
Master Servicers (or, if so requested, the related certificate administrator) certain reports required to be delivered pursuant
to Section 4.02 of the Lead Securitization Servicing Agreement (which shall include all loan-level reports constituting the CREFC
Investor Reporting Package) to the extent related to the Mortgage Loan or the Non-Lead Securitization Note;

(v)     the
Master Servicer shall provide (in electronic media) to each Non-Lead Securitization Note Holder (i) copies of operating statements
and rent rolls; (ii) annual CREFC® NOI Adjustment Worksheets (with annual operating statements as exhibits); and
(iii) annual CREFC® Operating Statement Analysis Reports, in each case prepared, received or obtained by it pursuant
to the Lead Securitization Servicing Agreement with respect to the Mortgaged Propert(y)(ies) securing the Non-Lead Securitization
Note;

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

    		I-1	 

     

    

Agreement
and the Lead Securitization Servicing Agreement and (iii) to the extent consistent with the foregoing, the Servicing Standard;

(vii)     the
Servicing Standard in the Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in servicing
the Mortgage Loan, must take into account the interests of each Note Holder and act in the best interests and for the benefit
of the Note Holders together with the certificateholders of the Lead Securitization, as a collective whole as if such Note Holders
and certificateholders constituted a single lender;

(viii)     the
Non-Lead Securitization Note Holders shall be entitled to the same indemnity as the Lead Securitization Note Holder under the
Lead Securitization Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator
and the Senior Trust Advisor shall be required to indemnify each Certification Party, each Non-Lead Depositor and each Non-Lead
Securitization Note Holder and their respective employees, directors and officers for all claims, losses, damages, penalties,
fines, forfeitures, legal fees and expenses and related costs, judgments and any other costs, fees and expenses arising out of
(i) the failure to deliver the items in clause (ix) below, (ii) negligence, bad faith or willful misconduct on its part
in the performance of such obligations, (iii) any failure by a Servicer to identify a Servicing Function Participant under such
Article X of the Lead Securitization Agreement by the time required after giving effect to any applicable grace period and cure
period and/or (iv) delivery of any Deficient Exchange Act Deliverable regarding, and delivered by or on behalf of, such party;

(ix)     with
respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master Servicer,
any primary servicer, the Special Servicer, the Trustee and 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, 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 each of the Non-Lead Securitization Servicing Agreements, in the case of clauses (i) and
(ii), as the Non-Lead Depositor or the Non-Lead Trustee to the applicable Securitization reasonably believes, in good faith,
are required in order for the Non-Lead Depositor or the Non-Lead Trustee to comply with their obligations under the Securities
Act of 1933, the Securities Exchange Act of 1934 (including Rule 15Ga-1, as amended) and Regulation AB, and (b) without limiting
the generality of the foregoing (x) the Trustee or Certificate Administrator, as applicable, shall, upon request, provide or cause
to be provided with notice in a timely manner to each Non-Lead Depositor and Non-Lead Trustee for any Non-Lead Securitization
a copy of the Lead Securitization Servicing Agreement and (y)

    		I-2	 

     

    

the
Master Servicer and Special Servicer 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 a related 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 Depositor) for inclusion in the disclosure
materials relating to any securitization of a Non-Lead Securitization Note and (z) the Master Servicer and Special Servicer, 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 Depositor). 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 (or analogous terms);

(x)     the
Non-Lead Depositor shall be entitled to indemnification from and against any claims, losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments and other costs and expenses arising out of (i) an actual breach by the Master
Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case may be, of its obligations under Article
X of the Lead Securitization Servicing Agreement, (ii) negligence, bad faith or willful misconduct on the part of the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee, as applicable, in the performance of its obligations under
the Lead Securitization Servicing Agreement, or (iii) delivery of any Deficient Exchange Act Deliverable regarding, and delivered
by or on behalf of, the Non-Lead Depositor, and will be entitled to reimbursement for any reasonable out-of-pocket legal or other
expenses incurred in connection with investigating or defending any such action or claim, as such expenses are incurred;

(xi)     the
Non-Lead Securitization Note Holders are intended third-party beneficiaries in respect of the rights afforded them under the Lead
Securitization Servicing Agreement and the Non-Lead Master Servicers will be entitled to enforce the rights of the Non-Lead Securitization
Note Holders under this Agreement and the Lead Securitization Servicing Agreement;

(xii)     each
Non-Lead Master Servicer and each Non-Lead Special Servicer shall be a third-party beneficiary of the Lead Securitization Servicing
Agreement with respect to all provisions therein expressly relating to Article 11 of the Lead Securitization Servicing Agreement;

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

    		I-3	 

     

    

(xiv)     if
any action relating to the servicing and administration of the Mortgage Loan requires delivery of a Rating Agency Confirmation
as a condition precedent to such action, then, except as set forth in the Lead Securitization Servicing Agreement, such action
shall also require delivery of a Rating Agency Confirmation from any Rating Agency that was engaged by a participant in the applicable
Non-Lead Securitization to assign a rating to the related commercial mortgage pass-through certificates issued in connection with
such Non-Lead Securitization;

(xv)     Servicer
Termination Events (or analogous term) with respect to the Master Servicer and the Special Servicer shall include (i) the failure
to timely remit payments to the Non-Lead Securitization Note Holders, which failure continues unremedied for one business day
following the date on which such payment was to be made; and (ii) the failure to provide to the Non-Lead Securitization Note Holders
(if and to the extent required under the applicable Non-Lead Securitization) reports required under the Securities Exchange Act
of 1934, as amended, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a Servicer Termination
Event affecting a Non-Lead Securitization Note Holder, the Trustee shall, upon the direction of the related Non-Lead Securitization
Note Holder, require the appointment of a subservicer with respect to the related Non-Lead Securitization Note;

(xvi)     compensating
interest payments as defined therein with respect to each Note will be allocated by the Master Servicer between each Note, pro
rata, in accordance with their respective principal amounts. The Master Servicer shall remit any compensating interest payment
in respect of a Non-Lead Securitization Note to the related Non-Lead Securitization Note Holder; and

(xvii)     any
conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement provided,
that in no event shall any Servicer take any action or omit to take any action in accordance with the terms of this Agreement
that would cause such Servicer to violate the Servicing Standard of the REMIC provisions.

    		I-4

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