Document:

Exhibit 4.15

 

CO-LENDER
AGREEMENT

 

Dated
as of November 17, 2015

by and between

 

STARWOOD
MORTGAGE CAPITAL LLC

(Initial Note A-1 Holder)

 

and

 

STARWOOD
MORTGAGE CAPITAL LLC

(Initial Note A-2 Holder)

 

Heinz
57 Center 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 		Page
	 	 	 
	Section 1	Definitions	1
	Section 2	Servicing of the Mortgage Loan	15
	Section 3	Priority of Payments	19
	Section 4	Workout	21
	Section 5	Administration of the Mortgage Loan	21
	Section 6	Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative	26
	Section 7	Appointment of Special Servicer	28
	Section 8	Payment Procedure	29
	Section 9	Limitation on Liability of the Note Holders	30
	Section 10	Bankruptcy	31
	Section 11	Representations of the Note Holders	31
	Section 12	No Creation of a Partnership or Exclusive Purchase Right	32
	Section 13	Other Business Activities of the Note Holders	32
	Section 14	Sale of the Notes	32
	Section 15	Registration of the Notes and Each Note Holder	35
	Section 16	Governing Law; Waiver of Jury Trial	36
	Section 17	Submission To Jurisdiction; Waivers	36
	Section 18	Modifications	37
	Section 19	Successors and Assigns; Third Party Beneficiaries	37
	Section 20	Counterparts	37
	Section 21	Captions	37
	Section 22	Severability	37
	Section 23	Entire Agreement	37
	Section 24	Withholding Taxes	37
	Section 25	Custody of Mortgage Loan Documents	39
	Section 26	Cooperation in Securitization	39
	Section 27	Notices	40
	Section 28	Broker	40
	Section 29	Certain Matters Affecting the Agent	40
	Section 30	Termination and Resignation of Agent	41
	Section 31	Resizing	41

 

    	i

    	 

    

 

THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of November 17, 2015 by and between STARWOOD MORTGAGE CAPITAL
LLC, a Delaware limited liability company (“Starwood” and together with its successors and assigns in interest,
in its capacity as initial owner of the Note A-1, the “Initial Note A-1 Holder”, and in its capacity
as the initial agent, the “Initial Agent”) and STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company
(together with its successors and assigns in interest, in its capacity as initial owner of the Note A-2, the “Initial
Note A-2 Holder” and, together 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), Starwood Mortgage Capital LLC (“Original Lender”)
originated a certain loan described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
(the “Mortgage Loan”) to the mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage
Loan Borrower”), which was evidenced, inter alia, by two promissory notes (as amended, modified or supplemented,
the “Notes”) (i) one promissory note in the original principal amount of $50,000,000.00 (“Note A-1”)
made by the Mortgage Loan Borrower in favor of the Original Lender (“Initial Note A-1”) and (ii)
one promissory note in the original principal amount of $26,000,000.00 (“Note A-2”), made by the Mortgage Loan
Borrower in favor of the Original Lender (“Initial Note A-2”); and secured by one mortgage (as amended,
modified or supplemented, the “Mortgage”) on certain real property located as described in the Loan Agreement
(the “Mortgaged Property”); and

 

WHEREAS,
the Initial Note A-1 Holder and the Initial Note A-2 Holder desire to enter into this Agreement to memorialize the terms under
which they, and their successors and assigns, shall hold Note A-1 and Note A-2, respectively.

 

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

 

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

 

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

 

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

 

    	 

    	 

    

 

“Agent
Office” shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement
is located at 1601 Washington Avenue, Suite 800, Miami Beach, Florida 33139, Attention: Leslie Fairbanks, 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 Note Holders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

 

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

 

“Asset
Representations Reviewer” shall mean Pentalpha Surveillance LLC or its successor in interest, or any successor Asset
Representations Reviewer appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

“Collection
Account” shall have the meaning assigned to such term or an analogous term 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.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that at any time Note A-1 is included in the Lead Securitization,
references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities
issued in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned
the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided in the
Lead Securitization Servicing Agreement; provided that if at any time 50% or more of Note A-1 (or class of securities issued
in the Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights
to exercise the rights of the “Controlling Note Holder”) is held by the Mortgage Loan Borrower or an Affiliate of
the Mortgage Loan Borrower, Note A-1 (or the class of securities issued in the Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Note Holder”)
shall not be entitled to exercise any rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling Note
Holder unless 50% or more of Note A-2 (or 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. If 50% or more of each of Note A-1 and Note
A-2 (or class of securities issued in the Lead Securitization and 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 Controlling Note Holder.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Lead
Securitization Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection
with the Securitization of Note A-1. The Servicing Standard in the Lead Securitization Servicing Agreement shall require, among
other things, that

 

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each
Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder.

 

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

 

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

 

“Major
Decisions” shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing
Agreement; provided that at any time that Note A-1 is not included in the Lead Securitization “Major Decision”
shall mean:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    	5

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of November 17, 2015, between 623 SMITHFIELD ASSOCIATES, LTD.,
a Pennsylvania limited partnership, as Borrower, and STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as Lender,
as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Controlling
Note” shall mean Note A-2.

 

“Non-Controlling
Note Holder” means the Note A-2 Holder; provided that at any time Note A-2 is included in a Securitization, references
to the “Non-Controlling Note Holder” herein shall mean the Non-Lead Securitization Subordinate Class Representative
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 50%
or more of Note A-1 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, Note A-1 shall not be
entitled to exercise any rights of the Controlling Note Holder and the Note A-2 Holder shall be the Controlling Note Holder unless
50% or more of Note A-2 is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower. If 50% or more of
each of Note A-1 and Note A-2 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 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 Lead Securitization Servicing Agreement and, (x) to
the extent that the related Non-Lead

 

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Securitization
Servicing Agreement assigns such rights to more than one party or (y) to the extent Note A-2 is split into two or more New Notes
pursuant to Section 31, 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 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. As of the date hereof and until further notice from the Non-Lead Securitization
Note Holder (or the Non-Lead Master Servicer or another party acting on its behalf), the Initial Note A-2 Holder is the Non-Controlling
Note Holder.

 

Prior
to Securitization of the 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
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 Non-Controlling Note Holder Representative (to the extent that the identity
of the Non-Controlling Note Holder Representative is known) and, when so delivered to the 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 the 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
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 Non-Lead Master Servicer (who then may forward such items to the party entitled
to receive such items as and to the extent provided in the Non-Lead Securitization Servicing Agreement) and, when so delivered
to the Non-Lead Master Servicer, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead
Securitization Servicing Agreement.

 

“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.

 

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

 

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

 

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

 

“Non-Lead
Securitization Note” shall mean Note A-2.

 

“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 the Non-Lead Securitization Note designated as the “controlling class” pursuant to the Non-Lead
Securitization 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-Lead Securitization Subordinate Class
Representative.

 

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

 

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

 

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

 

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

 

“Note
A-1 Holder” shall mean the 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 received by the Note A-1
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

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

 

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“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 received by the Note A-2
Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C attached
hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000.00 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(d).

 

“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.

 

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

 

(a)           
an entity Controlled (as defined herein) by, under common Control with or that Controls either of the Initial Note Holders, 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 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) a securitization of, (b) the creation of collateralized debt obligations
(“CDO”) secured by, or (c) a financing through an “owner trust” of, a Note or any interest
therein (any of the foregoing, a “Securitization Vehicle”), provided that (1) one or more classes
of securities issued by such Securitization Vehicle is initially rated at least investment grade by each of the Rating Agencies
that assigned a rating to one or more classes of securities issued in connection with a Securitization (it being understood that
with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization Vehicle, a Rating
Agency Confirmation will not be required in connection with a transfer of such Note or any interest therein to such Securitization
Vehicle); (2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle
(x) has a Required Special Servicer Rating or (y) 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 

 

    	11

    	 

    

 

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 $250,000,000.00, 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 $200,000,000.00 in capital/statutory surplus or shareholders’ equity (except with respect to a pension advisory firm
or similar fiduciary) and at least $600,000,000.00 in total assets (in name or under management), and (y) is regularly engaged
in the business of making or owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine
loans with respect thereto) or owning or operating commercial real estate properties; provided that, in the case of the
entity described in clause (iv)(B) above, the requirements of this clause (y) may be satisfied by a general partner,
managing member, or the fund manager responsible for the day-to-day management and operation of such entity; or

 

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

 

“Qualified
Trustee” means (i) a corporation, national bank, national banking association or a trust company, organized and
doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust
powers and to accept the trust conferred, having a combined capital and surplus of at least $50,000,000.00 and subject to supervision
or examination by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or
(iii) an institution whose long-term senior unsecured debt is rated either of the then in effect top two rating categories
of each of the applicable Rating Agencies.

 

“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest
or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally
recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in 

 

    	12

    	 

    

 

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

 

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

 

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

 

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-220.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

 

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

 

“Required
Special Servicer Rating” (1) at any time that the Lead Securitization Note is included in the Lead Securitization, shall
have the meaning assigned to such term or any analogous term in the Lead Securitization Servicing Agreement, and (2) at any other
time, 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 as the sole or material factor, (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 master servicer or special servicer, as applicable, 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 

 

    	13

    	 

    

 

citing
servicing concerns of the applicable replacement as the sole or material factor in such rating action, (v) in the case of KBRA,
KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade
or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS,
such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within
the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating
on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation
of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or
withdrawal.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Operating
Advisor” shall mean Pentalpha Surveillance LLC or its successor in interest, or any successor Operating Advisor appointed
as provided 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.

 

    	14

    	 

    

 

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

 

“Special
Servicer” shall mean the special servicer appointed as provided in the Lead Securitization Servicing Agreement and this
Agreement.

 

“Starwood”
shall have the meaning assigned to such term in the preamble to 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 Securitization Date 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 the Lead Securitization
Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real
estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement
of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement including any provisions
governing the determination of non-recoverability. Each Note Holder acknowledges that the other Note Holder may elect, in its
sole discretion, to include its Note in a Securitization and agrees that it will, subject to Section 26, reasonably cooperate
with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and
conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer, Operating Advisor, Certificate Administrator, the Asset Representations Reviewer, 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 

 

    	15

    	 

    

 

Agreement
and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage
Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer,
the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization
Servicing Agreement (subject at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing
Agreement). In no event shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note
Holder against the other Note Holder or limit the Servicer in enforcing the rights of one Note Holder against the other Note Holder;
however, this statement shall not be construed to otherwise limit the rights of one Note Holder with respect to the other Note
Holder. Each Servicer shall be required pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in
accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement
and applicable law, each Servicer shall provide information to each Non-Lead Servicer under the Non-Lead Securitization Servicing
Agreement to enable each such Non-Lead Servicer to perform its servicing duties under the Non-Lead Securitization Servicing Agreement
and each Servicer 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 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 the 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 has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant
to the provisions of the Lead Securitization Servicing Agreement as if such agreement was still in full force and effect with
respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead Securitization
Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement.

 

(b)          
The Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent
provided in the Lead Securitization Servicing Agreement) (i) shall be required to (and the Special Servicer may, under certain
circumstances as provided in the Servicing Agreement) make Servicing Advances with respect to the Mortgage Loan, subject to the
terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make P&I Advances on
the Lead Securitization Note, if and to the extent provided in the Lead Securitization Servicing Agreement and this Agreement.
The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Servicing Advance,
first from funds on deposit in the Collection Account or Companion Distribution Account for the Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage Loan,
and then, in the case of Nonrecoverable Servicing Advances, if such funds on deposit in the Collection Account or 

 

    	16

    	 

    

 

Companion
Distribution Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization
Servicing Agreement and from general collections of the Non-Lead Securitization as provided below. The Master Servicer, the Special
Servicer and the Trustee, as applicable, will be entitled to reimbursement for interest on a Servicing Advance or a Nonrecoverable
Servicing Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement, including from
general collections of the Lead Securitization and, in the case of Servicing Advances or interest on a Servicing Advance, from
general collections of the Non-Lead Securitization as provided below. To the extent the Master Servicer, the Special Servicer
or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement for a Nonrecoverable
Servicing Advance or any interest on a Servicing Advance or a Nonrecoverable Servicing Advance, the Non-Lead Securitization Note
Holder (including from general collections or any other amounts from any Non-Lead
Securitization Trust)
shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata
share of such Nonrecoverable Servicing Advance or interest on such Nonrecoverable Servicing Advance.

 

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

 

    	17

    	 

    

 

notice
from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the applicable Indemnified Parties for its pro
rata share of the insufficiency, (including, if the Non-Lead Securitization Note has been included in a Non-Lead Securitization,
from general collections or any other amounts from such Non-Lead Securitization Trust).

 

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

 

    	18

    	 

    

 

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

 

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

 

    	19

    	 

    

 

                                  
(iii)        the Non-Lead Master Servicer will be required to deliver to the Trustee, the Certificate
Administrator, the Special Servicer, the Master Servicer, the Operating Advisor and the Asset Representations Reviewer (i) 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 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, including the Controlling Class Representative under the Non-Lead Securitization Servicing
Agreement), accompanied by a certified copy of the executed Non-Lead Securitization Servicing Agreement and (ii) notice of any
subsequent change in the identity of the 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 Lead Securitization Servicing Agreement shall also require delivery of
a Rating Agency Confirmation under the Non-Lead Securitization Servicing Agreement;

 

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

 

                                  
(vi)       in the event of a proposed replacement of the Special Servicer, the Non-Lead Trustee
shall use commercially reasonable efforts to prepare and file on behalf of the Non-Lead Securitization Trust a Form 8-K relating
to such replacement that complies with the Exchange Act on the same day that a Form 8-K relating to such replacement is filed
on behalf of the Lead Securitization; provided that the Non-Lead Depositor and a responsible officer of the Non-Lead Trustee has
received notice of such proposed replacement (including any disclosure or other information required to be included in such Form
8-K as well as the requirement and timing for filing such Form 8-K) at least 5 Business Days prior to such filing date. The Note
A-1 Holder (including, as the context requires, the Depositor, Master Servicer, Special Servicer, Trustee or controlling class
representative (or analogous term) relating to the related Lead Securitization Trust, on behalf of such Note A-1 Holder) shall
be a third party beneficiary of the foregoing provision.

 

(d)               The
Lead Securitization Servicing Agreement shall provide that:

 

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

 

                                  
(ii)          the Master Servicer shall remit all payments received with respect to the
Non-Lead Securitization Note, net of the servicing fees payable to the Master Servicer and Special Servicer with respect to such
Non-Lead Securitization Note, and any other

 

    	20

    	 

    

 

applicable fees and reimbursements payable to the Master Servicer, the Special Servicer
and the Trustee, to the Non-Lead Securitization Note Holder on or prior to the earlier of (A) the Master Servicer Remittance Date
or (B) the business day following the “determination date” (or analogous term) under the Non-Lead Securitization Servicing
Agreement related to the Securitization of the Non-Lead Securitization Note; and

 

                                 
(iii)         with respect to the Non-Lead Securitization Note if it is held by a Securitization,
the Master Servicer agrees to deliver or cause to be delivered to the Non-Lead Master Servicer all reports required to be delivered
by the Master Servicer to the Trustee or Certificate Administrator under the Lead Securitization Servicing Agreement (which shall
include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP)) pursuant to the terms of the Lead
Securitization Servicing Agreement to the extent related to the Mortgage Loan, the Mortgaged Property, the Non-Lead Securitization
Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee on or prior to the earlier of (A)
the Master Servicer Remittance Date or (B) the business day following the “determination date” (or analogous term)
under the Non-Lead Securitization Servicing Agreement related to the Securitization of the Non-Lead Securitization Note.

 

(e)          The
Note A-2 Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not also be a party to
the Non-Lead Securitization Servicing Agreement) notice of the A-2 Securitization in writing (which may be by e-mail) not less
than five (5) Business Days’ prior to the Note A-2 Securitization Date. Such notice shall contain contact information for
each of the parties to the Non-Lead Securitization Servicing Agreement. In addition, after the Note A-2 Securitization Date, the
Note A-2 Holder shall send a copy of the Non-Lead Securitization Servicing Agreement to each of the parties to the Lead Securitization
Servicing Agreement.

 

(f)          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 Lead Securitization Servicing Agreement.

 

Section
3.            Priority of Payments. Each Note shall be of equal
priority, and no portion of either Note shall have priority or preference over any portion of the 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, Condemnation Proceeds, or Insurance Proceeds (other than proceeds, awards or settlements to be applied to the
restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the
Mortgage Loan Documents), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
(to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as
reimbursements on account of recoveries in respect of property protection expenses or Servicing Advances then due and payable
or reimbursable to the Trustee or any Servicer under the Lead

 

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Securitization Servicing Agreement and (y) all amounts that
are then due, payable or reimbursable (except for (i) any reimbursements of P&I Advances (and interest thereon) made with
respect to Note A-1 or Note A-2 which may only be reimbursed out of payments and collections allocable to Note A-1 or Note A-2,
as applicable, (ii) any Servicing Fees due to the Master Servicer in excess of the Non-Lead Securitization Note’s pro
rata share of that portion of such Servicing Fees calculated at the Servicing Fee Rate applicable to the Mortgage Loan as
set forth in the Lead Securitization Servicing Agreement) to any Servicer (or the Trustee as successor to the Servicer), with
respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement (including without limitation, any additional
trust fund expenses relating to the Mortgage Loan and any Special Servicing Fees, Liquidation Fees, Workout Fees, Penalty Charges
(to the extent provided in the immediately following paragraph), amounts paid by the Borrower in respect of modification fees
or assumption fees and any other additional compensation payable pursuant to the Lead Securitization Servicing Agreement), shall
be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis.

 

For
clarification purposes, Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid 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 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, 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 Lead Securitization Servicing Agreement
or the Non-Lead Securitization Servicing Agreement, as applicable), third, be used to reduce, on a pro rata basis,
the amounts payable on each Note by the amount necessary to pay additional trust fund expenses (other than Special Servicing Fees,
unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization
Servicing Agreement) and finally, (i) in the case of the remaining amount of 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 the Non-Lead
Securitization Note, be paid, (x) prior to the securitization of such Note, to the 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.

 

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Section
5.            Administration of the Mortgage Loan.

 

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

 

Upon
the Mortgage Loan becoming a Defaulted Loan, Note A-2 Holder hereby acknowledges the right and obligation of the Note A-1 Holder
(or the Special Servicer acting on behalf of the Note A-1 Holder) to sell Note A-2 together with Note A-1 as notes evidencing
one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. Notwithstanding the foregoing, the
Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization Note Holder) shall not be
permitted to sell the Mortgage Loan if it becomes a Defaulted Loan without the written consent of the Non-Controlling Note Holder
( provided that such consent is not required if the Non-Controlling Note Holder is the Mortgage Loan Borrower or an affiliate
of the Mortgage Loan Borrower) unless the Special Servicer has delivered to the 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 10 days prior to the proposed
sale date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer
in connection with any such proposed sale, (c) at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal
for the Mortgage Loan, and any documents in the Servicing File reasonably requested by the Non-Controlling Note Holder that are
material to the price of the Mortgage Loan and (d)

 

    	23

    	 

    

 

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

 

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

 

The
authority of the Lead Securitization Note Holder to sell the Non-Lead Securitization Note, and the obligations of the Non-Lead
Securitization Note Holder 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 the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence
shall not be construed to grant to the Non-Lead Securitization Note 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 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

 

    	24

    	 

    

 

accordance with the Servicing Standard, taking into account the interests
of both Note Holders as a collective whole. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing
Agreement. All rights and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master
Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization Note Holder.
The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Lead Securitization
Note Holder in its capacity as Non-Lead Securitization Note Holder. Each Non-Lead Securitization Note Holder (unless it is the
same Person as or an Affiliate of the Mortgage Loan Borrower) shall be a third-party beneficiary to the Lead Securitization Servicing
Agreement with respect to their rights as specifically provided for therein.

 

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

 

(d)          
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) shall be required (i) to provide copies of any notice, information and report that it is required to provide to the Lead
Securitization Subordinate Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to any Major
Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to
the Non-Controlling Note Holder (or the master servicer of Non-Controlling Note Securitization on its behalf), within the same
time frame it is required to provide to the Lead Securitization Subordinate Class Representative (for this purpose, without regard
to whether such items are actually required to be provided to the Lead Securitization Subordinate Class Representative under the
Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event)
and (ii) to consult with the 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, the 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 the
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 the Non-Controlling Note Holder (or the master servicer of Non-Controlling
Note Securitization on its behalf) by the Lead Securitization Note Holder of written notice of a proposed action, together with
copies of the notice, information

 

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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 the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative), whether or not the 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 the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) set forth in the immediately
preceding sentence, the Lead Securitization Note Holder (or Servicer or Special Servicer, acting on its behalf) may make any Major
Decision or take any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business
Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as applicable) determines that immediate
action with respect thereto is necessary to protect the interests of the Note Holders. In no event shall the Lead Securitization
Note Holder (or Servicer or Special Servicer, acting on its behalf) be obligated at any time to follow or take any alternative
actions recommended by the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative).

 

In
addition to the consultation rights of the Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided
in the immediately preceding paragraph, 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 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 the 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.

 

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

 

    	26

    	 

    

 

Treasury, more than three (3) months after the startup day of the REMIC which includes
the Notes (or any portion thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance
with any REMIC provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan.

 

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

 

(a)           
The Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The
Controlling Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the
Controlling Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising
its various rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each
case, act through the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other
than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation,
the Controlling Note Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder
or any other unrelated third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty
to any other Person (other than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note
Holder under this Agreement may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note
Holder. No Servicer, Operating Advisor, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note
Holder shall be required to recognize any Person as a Controlling Note Holder Representative until the Controlling Note Holder
has notified each Servicer, Operating Advisor, Trustee and Certificate Administrator of such appointment and, if the Controlling
Note Holder Representative is not the same Person as the Controlling Note Holder, the Controlling Note Holder Representative provides
each Servicer, Operating Advisor, Asset Representations Reviewer, Trustee and Certificate Administrator with written confirmation
of its acceptance of such appointment, an address and facsimile number for the delivery of notices and other correspondence and
a list of officers or employees of such person with whom the parties to this Agreement may deal (including their names, titles,
work addresses and facsimile numbers). The Controlling Note Holder shall promptly deliver such information to each Servicer, Operating
Advisor, Asset Representations Reviewer, Trustee and Certificate Administrator. So long as no Consultation

 

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Termination Event is
in effect pursuant to the terms of the Lead Securitization Servicing Agreement, the Controlling Note Holder Representative shall
be the Lead Securitization Subordinate Class Representative.

 

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

 

(c)           
The 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 (the “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 the Non-Controlling Note Holder and
the Non-Controlling Note Holder Representative mutatis mutandis. The Non-Controlling Note Holder Representative, as of
the date of this Agreement and until the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer) is
notified otherwise, shall be the Initial Note A-2 Holder.

 

(d)          
The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Lead Securitization Note hereunder
and the rights and powers granted to the “Controlling Class Representative” or similar party under, and as
defined in, the Lead Securitization Servicing Agreement with respect to the Mortgage Loan. In addition, subject to the terms of
the Lead Securitization Servicing Agreement, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer
with respect to all matters related to a “Specially Serviced Loan” (as defined in the Lead Securitization Servicing
Agreement) and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent
or deemed consent of the Special Servicer, and, except as set forth below (i) the Master Servicer shall not be permitted
to implement any Major Decision unless it has obtained the prior written

 

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

 

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

 

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

 

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

 

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

 

    	29

    	 

    

 

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

 

Section
7.            Appointment of Special Servicer. Subject to the terms
of the Lead Securitization Servicing Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall
have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect
to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by Controlling Note Holder (or
its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to the other
Note Holder, the Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement
a written notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization
Servicing Agreement), if any. The Controlling Note Holder shall be solely responsible for any expenses incurred in connection
with any such replacement without cause. The Controlling Note Holder shall notify the other parties hereto of its termination
of the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section
7. If the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation
of the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead
Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not limit the right of the Controlling
Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer for the Mortgage Loan
as aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred that affects the Non-Controlling
Note Holder, the 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 Holder
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 the Non-Controlling Note Holder’s direction cannot at any time be the person (or an
Affiliate thereof) that was so terminated without the prior written consent of the Non-Controlling Note Holder. The Non-Controlling
Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable,
costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the

 

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Trustee, that
would otherwise be reimbursed to the Trustee from amounts on deposit in the Collection Account or Companion Distribution Account.

 

Section
8.            Payment Procedure.

 

(a)           
The Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of
the Lead Securitization Servicing Agreement, will deposit or cause to be deposited all payments allocable to the Notes to the
Collection Account or Companion Distribution Account 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 (2) Business Days after receipt of properly identified funds by the Lead Securitization Note Holder (or the
Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower.

 

(b)          
If the Lead Securitization Note 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 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,
the 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 the Non-Lead Securitization Note Holders will promptly on demand by the Lead Securitization Note
Holder repay to the Lead Securitization Note Holder any portion thereof that the Lead Securitization Note Holder shall have theretofore
distributed to the 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 (or the Servicer on its behalf) makes any payment to the Non-Lead Securitization
Note Holder before the Lead Securitization Note Holder (or the Servicer on its behalf) has received the corresponding payment
(it being understood that the Lead Securitization Note Holder (or the Servicer on its behalf) is under no obligation to do so),
and the Lead Securitization Note Holder (or the Servicer on its behalf) does not receive the corresponding payment within five
(5) Business Days of its payment to the Non-Lead Securitization Note Holder, the 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 the Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future
payments due to the Non-Lead Securitization Note Holder under the Mortgage Loan. Such Non-Lead

 

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Securitization Note Holder’s
obligations under this Section 8 constitute absolute, unconditional and continuing obligations.

 

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

 

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

 

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

 

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All actions taken by the Servicer in connection with any Insolvency Proceeding are subject to and must
be in accordance with the Servicing Standard.

 

Section
11.         Representations of the Note Holders. Each Note Holder represents and
warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly authorized
by all necessary corporate action, and does not contravene such Note Holder’s charter or any law or contractual restriction
binding upon such Note Holder, and that this Agreement is the legal, valid and binding obligation of such Note Holder enforceable
against such Note Holder in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights generally, and by general principles of
equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and except that the enforcement
of rights with respect to indemnification and contribution obligations may be limited by applicable law. Each Note Holder represents
and warrants that it is duly organized, validly existing, in good standing and in possession of all licenses and authorizations
necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement has been duly executed and
delivered by such Note Holder, (b) to such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders
or filings of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of
this Agreement by such Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge, there is no
pending action, suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse outcome of
which would materially and adversely affect its performance under this Agreement.

 

Section
12.         No Creation of a Partnership or Exclusive Purchase Right. Nothing contained
in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the
Note Holders as a partnership, association, joint venture or other entity. Neither Note Holder shall have any obligation whatsoever
to offer to the other Note Holder the opportunity to purchase a participation interest in any future loans originated by such
Note Holder or its Affiliates and if either Note Holder chooses to offer to the 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. Neither Note Holder shall
have any obligation whatsoever to purchase from the 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.

 

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Section
14.         Sale of the Notes.

 

(a)           
Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d) hereof) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holder shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or in accordance with the immediately following sentence) and (y) a copy
of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its respective
Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (1) prior to a Securitization,
the consent of the non-transferring Note Holder or (2) after a Securitization of such non-transferring Note Holder’s Note,
Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s prior consent (which
will not be unreasonably withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust,
without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of its Note (or a participation interest
in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely
null and void and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it will pay the expenses
of the non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and
all expenses relating to the confirmation from the Rating Agencies in connection with any such Transfer. Notwithstanding the foregoing,
each Note Holder shall have the right, without the need to obtain the consent of the other Note Holder, the Rating Agencies or
any other Person, to Transfer 49% or less (in the aggregate) of its Note or any beneficial interest in its Note. None of the provisions
of this Section 14(a) shall apply in the case of (1) a sale of Note A-1 together with Note A-2, in accordance with the terms and
conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms
and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage
Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity interest in which
is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the
Lead Securitization Trust.

 

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

 

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

 

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

 

(c)           
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and
that is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in
this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person which
Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge”
hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged
Note without a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to the other Note Holder and any
Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Note Holder
agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default
by the pledging Note Holder in respect of its obligations under this Agreement of which default such Note Holder has actual knowledge;
(ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of
its obligations to the 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
Holder and any Servicer by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods,
under the pledging Note Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the
pledging Note Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and
until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments
that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to
this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely
releases the other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such

 

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other Note Holder’s
or Servicer’s compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered
by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note Holder
to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law
and this Agreement. In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other
than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or
similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor
to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified
Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such
Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions
of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note Holder (and
any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable) in
writing that its interest in the pledged Note has terminated.

 

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

 

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

 

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

 

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

 

                                
(iv)       The Conduit Credit Enhancer and the Conduit agree that, if such Note Holder
defaults under the Conduit Inventory Loan, or if the Conduit is unable to 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

 

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transfer of the Notes. The Agent shall serve as the initial note registrar and the Agent hereby accepts such appointment. The
names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note of which the Agent has
received notice, in the form of a copy of the assignment and assumption agreement referred to in this Section 15, shall be
registered in the Note Register. The Person in whose name a Note Holder is so registered shall be deemed and treated as the sole
owner and holder thereof for all purposes of this Agreement, except in the case of the Initial Note A-1 Holder and the Initial
Note A-2 Holder who may hold their Notes through a nominee. Upon request of a Note Holder (including a Servicer on its behalf),
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 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 Holder against any liability
that may result if the transfer is not made in accordance with the provisions of this Agreement.

 

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

 

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

 

(a)           
SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT
OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE

 

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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 the Note A-1 Holder and the Note A-2 Holder. Additionally, for as long as any Note
is contained in a Securitization Trust, the Note Holders shall not amend or modify this Agreement without first receiving a written
confirmation from each Rating Agency that such amendment or modification will not result in a qualification, withdrawal or downgrade
of its then current ratings of the securities issued in connection with the related Securitization; provided that no such Rating
Agency confirmation shall be required in connection with a modification or amendment (i) to cure any ambiguity, (ii) to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions of this Agreement, the Lead
Securitization Servicing Agreement or the final disclosure documents relating to the Lead Securitization, or (iii) entered into
pursuant to Section 31 of this Agreement.

 

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

 

Section
20.         Counterparts. This Agreement may be executed in any number of counterparts
and all of such counterparts shall together constitute one and the same instrument.

 

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Delivery of an executed counterpart of a signature
page of this Agreement in Portable Document Format (PDF) or by facsimile transmission shall be effective as delivery of a manually
executed original counterpart of this Agreement.

 

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

 

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

 

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

 

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

 

(b)          
The Non-Lead Securitization Note 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 the Non-Lead
Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made or provided
by the 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 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) the Non-Lead Securitization Note Holder, upon request of the Lead  

 

    	39

    	 

    

 

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

 

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

 

Section
26.         Cooperation in Securitization.

 

(a)           
Each Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization
Note Holder, the Non-Lead Securitization Note Holder shall use reasonable efforts, at Lead Securitization Note Holder’s
expense, to satisfy, and to cooperate with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower
to satisfy, the market

 

    	40

    	 

    

 

standards to which the Lead Securitization Note Holder customarily adheres or which may be reasonably required
in the marketplace or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to,
as applicable) any modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization
Note Holder in attempting to cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in
any such case, as may be reasonably requested by the Rating Agencies to effect the Securitization; provided, however,
that either in connection with the Lead Securitization or otherwise at any time prior to the Lead Securitization, the Non-Lead
Securitization Note Holder shall not be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent
to such modification, as applicable) in connection therewith, if such modification or amendment would (i) change the interest
allocable to, or the amount of any payments due to or priority of such payments to, the Non-Lead Securitization Note Holder or
(ii) materially increase the Non-Lead Securitization Note Holders’ obligations or materially decrease the Non-Lead
Securitization Note Holders’ rights, remedies or protections. In connection with the Lead Securitization, Non-Lead Securitization
Note Holder agrees to provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning
the Non-Lead Securitization Note Holder and the Non-Lead Securitization Note as the Lead Securitization Note Holder reasonably
determines to be necessary or appropriate, and the Non-Lead Securitization Note Holder covenants and agrees that it shall, at
the Lead Securitization Note Holder’s expense, cooperate with the reasonable requests of each Rating Agency and Lead Securitization
Note Holder in connection with the Lead Securitization (including, without limitation, reasonably cooperating with the Lead Securitization
Noteholder (without any obligation to make additional representations and warranties) to enable the Lead Securitization Noteholder
to make all necessary certifications and deliver all necessary opinions (including customary securities law opinions) in connection
with the Mortgage Loan and the Lead Securitization), as well as in connection with all other matters and the preparation of any
offering documents thereof and to review and respond reasonably promptly with respect to any information relating to the Non-Lead
Securitization Note Holder and the Non-Lead Securitization Note in any Securitization document. The Non-Lead Securitization Note
Holder acknowledges that the information provided by it to the Lead Securitization Note Holder may be incorporated into the offering
documents for the Lead Securitization. The Lead Securitization Note Holder and each Rating Agency shall be entitled to rely on
the information supplied by, or on behalf of, the Non-Lead Securitization Note Holder. The Lead Securitization Note Holder will
reasonably cooperate with the Non-Lead Securitization Note Holder by providing all information reasonably requested that is in
the Lead Securitization Note Holder’s possession in connection with the Non-Lead Securitization Note Holders’ preparation
of disclosure materials in connection with a Securitization.

 

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

 

Section
27.          Notices. All notices required hereunder
shall be given by (i) telephone (confirmed promptly in writing) or shall be in writing and personally delivered, (ii) sent
by facsimile transmission (during business hours) if the sender on the same day sends a

 

    	41

    	 

    

 

confirming copy of such notice by reputable
overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified
United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth
on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice given
as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

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

 

Section
29.         Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section
30.         Termination and Resignation of Agent.

 

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

 

    	42

    	 

    

 

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

 

Section
31.         Resizing. Notwithstanding any other provision of this Agreement, for
so long as Starwood or an affiliate thereof (a “Starwood Entity”) is the owner of the Non-Lead Securitization
Note (the “Owned Note”), such Starwood 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 Starwood 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 Starwood 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 Starwood 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.

 

    	43

    	 

    

 

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.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	44

    	 

    

 

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

	 	 	 
	 	STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as
    Initial Note A-1 Holder
	 	 	 
	 	By:	/s/ Leslie K. Fairbanks

	 	 	Name: Leslie K. Fairbanks
	 	 	Title: Executive Vice President
	 	 	 
	 	STARWOOD MORTGAGE CAPITAL LLC, a Delaware limited liability company, as
    Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Leslie K. Fairbanks

	 	 	Name: Leslie K. Fairbanks
	 	 	Title: Executive Vice President

 

(Co-Lender
Agreement – Heinz 57 Center) 

 

    	 

    	 

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	

Mortgage Loan Borrower:	
        

623 Smithfield Associates, Ltd., a Pennsylvania
        limited partnership

         

	 

                                                                                Date of Mortgage Loan:
	 

                                                                                November 17, 2015

	 

                                                                                Date of Notes:
	 

                                                                                November 17, 2015

	 

                                                                                Original Principal Amount of Mortgage Loan:
	 

                                                                                $76,000,000.00

	 

                                                                                Principal Amount of Mortgage Loan as of the date hereof:
	 

                                                                                $76,000,000.00

	 

                                                                                Initial Note A-1 Principal Balance:
	 

                                                                                $50,000,000.00

	 

                                                                                Initial Note A-2 Principal Balance:
	 

                                                                                $26,000,000.00

	 

                                                                                Location of Mortgaged Property:
	
         

        Pittsburgh, Pennsylvania 

	 

                                                                                Initial Maturity Date:
	 

                                                                                December 6, 2025

 

    	A-1

    	 

    

 

EXHIBIT B

 

1.   Initial Note A-1 Holder:

 

(Prior to Securitization of Note A-1):

 

STARWOOD MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715-0036

 

    	C-1

    	 

    

 

(Following Securitization of Note A-1):

 

(i)     Depositor: 

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue

31st Floor

New York, New York 10179

Attention: Kunal K. Singh

E-mail: kunal.k.singh@jpmorgan.com

 

with a copy to:

J.P. Morgan Chase Commercial Mortgage Securities Corp.

383 Madison Avenue

32nd Floor

New York, New York 10179

Attention: Bianca A. Russo

Managing Director and Associate General Counsel

Telecopy number: (917) 464-6116

E-mail: russo_bianca@jpmorgan.com

 

(ii)  Master Servicer:

 

Wells Fargo Bank, National Association

Commercial Mortgage Servicing

MAC D1086-120, 550 South Tryon Street, 14th Floor

Charlotte, North Carolina 28202

Attention: JPMCC 2015-JP1 Asset Manager

Telecopy Number: (704) 715-0036

 

with a copy to:

Wells Fargo Bank, National Association Legal Department

301 S. College St., TW-30

Charlotte, North Carolina 28202

Attention: Commercial Mortgage Servicing Legal Support

Reference: JPMCC 2015-JP1

 

    	C-2

    	 

    

 

with a copy to:

K&L Gates LLP

Hearst Tower, 47th Floor

214 North Tryon Street

Charlotte, North Carolina 28202

Attention: Stacy G. Ackermann

Facsimile Number: (704) 353-3190

 

(iii)   Special Servicer:

 

Midland Loan Services, a Division of PNC Bank, 

10851 Mastin Street

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Telecopy number: (913) 253-9001

 

with a copy to:

Stinson Leonard Street LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Fax Number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinsonleonard.com (iv) Trustee:

 

Wilmington Trust, National Association

1100 North Market Street

Wilmington, Delaware 19890

Attention: CMBS Trustee JPMCC 2015-JP1

Telecopy number: (302) 636-4140

Email: CMBSTrustee@wilmingtontrust.com

 

(v)   Certificate Administrator:

 

Wells Fargo Bank, National Association

9062 Old Annapolis Road

Columbia, Maryland 21045-1951

Attention: Corporate Trust Services (CMBS)

JPMCC Commercial Mortgage Securities Trust Series 2015-JP1

Telecopy Number: (410) 715 2380

E-Mail: cts.cmbs.bond.admin@wellsfargo.com, and to

trustadministrationgroup@wellsfargo.com

 

(vi)   OperatingAdvisor:

 

    	C-3

    	 

    

 

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Don Simon, Chief Operating Officer

With a copy sent via email to: don.simon@pentalphasurveillance.com and

notices@pentalphasurveillance.com

 

with a copy to:

Bass Berry & Sims PLC

150 Third Avenue South

Suite 2800

Nashville, Tennessee 37201

Attention: Jay Knight

Email: jknight@bassberry.com

 

(vii)   Asset Representations Advisor:

 

Pentalpha Surveillance LLC

375 N. French Road, Suite 100

Amherst, New York 14228

Attention: Don Simon, Chief Operating Officer

With a copy sent via email to: don.simon@pentalphasurveillance.com and

notices@pentalphasurveillance.com

 

with a copy to:

Bass Berry & Sims PLC

150 Third Avenue South

Suite 2800

Nashville, Tennessee 37201

Attention: Jay Knight

Email: jknight@bassberry.com

 

    	C-4

    	 

    

 

2.          Initial Note A-2 Holder:

 

(Prior to Securitization of Note A-2):

 

STARWOOD MORTGAGE CAPITAL LLC

Notice Address:

Starwood Mortgage Capital LLC

1601 Washington Avenue, Suite 800

Miami Beach, Florida 33139

Attention: Ms. Leslie K. Fairbanks

Facsimile No. (305) 695-5539

 

with a copy to:

Wells Fargo Commercial Mortgage Services

Duke Energy Center

550 South Tryon St., 12th Floor

MAC D1086-120

Charlotte, North Carolina 28202

Attention: Asset Manager – Starwood Mortgage Capital

Facsimile No.: (704) 715-0036

 

    	C-5

    	 

    

 

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.	Fortress Investment Group LLC
	11.	Garrison Investment Group
	12.	Goldman, Sachs & Co.
	13.	iStar Financial Inc.
	14.	J.E. Roberts Companies
	15.	Lend-Lease Real Estate Investments
	16.	LoanCore Capital
	17.	Lonestar Funds
	18.	Praedium Group
	19.	Raith Capital Partners, LLC
	20.	Rialto Capital Management, LLC
	21.	Rockpoint Group
	22.	Starwood Capital/Starwood Financial Trust
	23.	Torchlight Investors
	24.	Walton Street Capital, LLC
	25.	Westbrook Partners
	26.	WestRiver Capital
	27.	Whitehall Street Real Estate Fund, L.P.

 

    	C-6Exhibit 4.16

 

 

EXECUTION VERSION

 

 

Element
LA

 

AMENDED
AND RESTATED CO-LENDER AGREEMENT

 

Dated
as of October 9, 2015

 

between

 

CANTOR
COMMERCIAL REAL ESTATE LENDING, L.P.

(Note A-1A Holder),

 

CANTOR
COMMERCIAL REAL ESTATE LENDING, L.P.

(Note A-1B Holder),

 

GOLDMAN
SACHS MORTGAGE COMPANY

(Note A-2A Holder)

 

and

 

GOLDMAN
SACHS MORTGAGE COMPANY

(Note A-2B Holder)

 

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

Page

 

	1.	Definitions; Conflicts	2
	2.	Servicing of the Mortgage Loan	15
	3.	Priority of Notes	18
	4.	Workout	18
	5.	Accounts; Payment Procedure	19
	6.	Limitation on Liability	19
	7.	Representations of the Holders	20
	8.	Independent Analyses of each Holder	20
	9.	No Creation of a Partnership or Exclusive Purchase Right	21
	10.	Not a Security	21
	11.	Other Business Activities of the Holders	21
	12.	Transfer of Notes	21
	13.	Exercise of Remedies by the Servicer	24
	14.	Rights of the Directing Holder	25
	15.	Appointment of Special Servicer	26
	16.	Rights of the Non-Directing Holders	26
	17.	Advances; Reimbursement of Advances	27
	18.	Provisions Relating to Securitization	28
	19.	Governing Law; Waiver of Jury Trial	34
	20.	Modifications	34
	21.	Successors and Assigns; Third Party Beneficiaries	35
	22.	Counterparts	35
	23.	Captions	35
	24.	Notices	35
	25.	Custody of Mortgage Loan Documents	35
	26.	Prior Agreements; Side Letters	35
	27.	Rating Agency Presentation	36
	28.	Hedging Costs	36
	29.	Cooperation	36

 

    	-i-

    	 

    

 
THIS
AMENDED AND RESTATED CO-LENDER AGREEMENT (the “Agreement”), dated as of October 9, 2015, by and between
CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., a Delaware limited partnership, having an address at 110 East 59th
Street, New York, New York 10022, as the initial holder of Note A-1A, CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.,
a Delaware limited partnership, having an address at 110 East 59th Street, New York, New York 10022, as the initial
holder of Note A-1B, GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership, having an address at 200
West Street, New York, New York 10282, as the initial holder of Note A-2A and GOLDMAN SACHS MORTGAGE COMPANY, a
New York limited partnership, having an address at 200 West Street, New York, New York 10282, as the initial holder of Note A-2B.

 

W
I T N E S S E T H:

 

WHEREAS,
Cantor Commercial Real Estate Lending, L.P., a Delaware limited partnership (“CCRE”), and Goldman Sachs Mortgage
Company, a New York limited partnership (“GSMC”), have made a mortgage loan in the original principal
amount of $168,000,000.00 (the “Mortgage Loan”) to Hudson Element LA, LLC, a Delaware limited liability company
(the “Borrower”), pursuant to a loan agreement among the Borrower, as borrower, CCRE, as lender, and GSMC,
as lender, dated as of October 9, 2015 (the “Loan Agreement”);

 

WHEREAS,
the Mortgage Loan was evidenced by two notes, Promissory Note A-1 in the original principal amount of $84,000,000 (“Original
Note A-1”) and Promissory Note A-2 in the original principal amount of $84,000,000 (“Original Note A-2”,
together with Original Note A-1, respectively and individually, each, an “Original Note” and collectively
the “Original Notes”);

 

WHEREAS,
the Mortgage Loan is secured by that certain Deed of Trust, Security Agreement, Assignment of Leases and Rents, and Fixture Filing,
dated as of October 9, 2015 by the Borrower, as borrower, for the benefit of CCRE and GSMC as lenders (the “Mortgage”)
on the real property known as Element LA in Los Angeles, California (the “Mortgaged Property”);

 

WHEREAS,
CCRE and GSMC entered into that certain Co-Lender Agreement, dated as of October 9, 2015 (the “Original Co-Lender Agreement”)
to memorialize the terms under which they held the Original Notes in the Mortgage Loan;

 

WHEREAS,
the Original Notes were amended and restated such that the Mortgage Loan was evidenced by (i) that certain Promissory Note A-1A,
dated October 9, 2015, in the original principal amount of $55,500,000 from Borrower and payable to CCRE (as the same may be amended,
restated, supplemented or otherwise modified from time to time, “Note A-1A”), (ii) that certain Promissory
Note A-1B, dated October 9, 2015, in the original principal amount of $28,500,000 from Borrower and payable to CCRE (as the same
may be amended, restated, supplemented or otherwise modified from time to time, “Note A-2A” and, together with
Note A-1A, collectively, the “A-1 Notes”), (iii) that certain Promissory Note A-2A, dated October 9, 2015,
in the original principal amount of $70,000,000 from Borrower and payable to GSMC (as the same may be amended, restated, supplemented
or otherwise modified from time

 

    	 

    	 

    

 

 to time, “Note A-2A”), and (iv) that certain Promissory Note A-2B, dated October
9, 2015, in the original principal amount of $14,000,000 from Borrower and payable to GSMC (as the same may be amended, restated,
supplemented or otherwise modified from time to time, “Note A-2B” and, together with Note A-2A collectively,
the “A-2 Notes”, together with the A-1 Notes, each a “Note” and collectively, the “Notes”);

 

WHEREAS,
Note A-1A Holder and the Note A-1B Holder or their respective Affiliate intends, but is not bound, to Pledge (as defined
in Section 12(d)) the A-1 Notes to Goldman Sachs Bank USA (“Goldman Sachs Bank”) and/or sell, transfer
and assign all or a portion of its right, title and interest in and to the A-1 Notes to one or more depositors unaffiliated with
GSMC who will in turn transfer the same to one or more trusts as part of the securitization of one or more mortgage loans;

 

WHEREAS,
Note A-2A Holder and the Note A-2B Holder or their respective Affiliate intends, but is not bound, to sell, transfer and
assign all or a portion of its right, title and interest in and to A-2 Notes to one or more depositors who will in turn transfer
the same to one or more trusts as part of the securitization of one or more mortgage loans; and

 

WHEREAS,
Note A-1A Holder, Note A-1B Holder, Note A-2A Holder and Note A-2B Holder desire to amend and restate the Original Co-Lender Agreement
in its entirety to memorialize the terms and conditions hereinbelow set forth, and to evidence certain agreements with respect
to the relationships between each Holder.

 

NOW,
THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto mutually agree to amend and restate the Original Co-Lender Agreement in its
entirety as follows:

 

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

 

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

 

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

 

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

 

    	-2-

    	 

    

 

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

 

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

 

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

 

“Borrower
Party Affiliate” shall mean, with respect to Borrower, Manager or a Restricted Mezzanine Holder, (a) any other person
controlling or controlled by or under common control with Borrower, Manager or such Restricted Mezzanine Holder, as applicable,
or (b) any other person owning, directly or indirectly, twenty-five percent (25%) or more of the beneficial interests in Borrower,
Manager or such Restricted Mezzanine Holder, as applicable. For the purposes of this definition, “control” when used
with respect to any specified person means the power to direct the management and policies of such person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

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

 

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

 

“CCRE
V” shall mean CCRE Loan Seller V, LLC, a Delaware limited liability company.

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-3-

    	 

    

 

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

 

“Depositor”
shall mean with respect to any Securitization, the depositor under the related PSA.

 

“Directing
Holder” shall mean (i) during the period prior to the Note A-1A Securitization Date or if Note A-1A is
no longer an asset of the trust fund created pursuant to the related securitization servicing agreement, the Note A-1A Holder
and (ii) after the Note A-1A Securitization Date, the holders of Certificates representing the specified interest in
the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders
of such Certificates, the Special Servicer, or the holder of any Secondary Note created in connection with the Note A-1A Securitization
to which the Note A-1A Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement,
as the case may be; provided, that no Borrower, property manager or affiliate thereof shall be entitled to act as the Directing
Holder.

 

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

 

“Excluded
Amounts” shall mean:

 

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

 

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

 

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

 

but
shall not include (A) any amounts received in respect of any P&I Advances (and interest thereon), (B) any Servicing
Fees due to the Master Servicer in excess of the Servicing Fee calculated at the “primary servicing fee rate” as set
forth in the Servicing Agreement (which rate is subject to the definition of “Servicing Fee Rate” herein), and (C) any
Trustee Fees (including, without limitation, certificate administrator fees) and operating advisor or trust advisor fees.

 

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

 

“Goldman
Sachs Bank” shall have the meaning assigned such term in the recitals.

 

    	-4-

    	 

    

 

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

 

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

 

“Holder”
shall mean the Note A-1A Holder, Note A-1B Holder, Note A-2A Holder or Note A-2B Holder.

 

“Initial
Holder” shall have the meaning set forth in Section 18(a) hereof.

 

“Initial
Note A-1A Holder” shall mean CCRE.

 

“Initial
Note A-1B Holder” shall mean CCRE.

 

“Initial
Note A-2A Holder” shall mean GSMC.

 

“Initial
Note A-2B Holder” shall mean GSMC.

 

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

 

“Interim
Servicer” shall mean Berkeley Point Capital LLC.

 

“Interim
Servicing Agreement” shall mean that certain Servicing Agreement, dated as of June 17, 2015, by and between CCRE V,
as seller, and Interim Servicer, as servicer, as modified by that certain Servicing Addendum, dated October 9, 2015.

 

“Intervening
Trust Vehicle” shall mean, with respect to any Securitization Vehicle that is a CDO, a trust vehicle or entity which
holds a Note A 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.

 

“Lead
Note” shall mean:

 

(a)          during
the period from and after the earliest of (i) the Note A-1B Securitization Date, (ii) the Note A-2A Securitization Date
and (iii) the Note A-2B Securitization Date and prior to the Note A-1A Securitization Date, the Note with the earliest
Securitization Date; and

 

    	-5-

    	 

    

 

(b)          from
and after the Note A-1A Securitization Date, Note A-1A.

 

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

 

“Lead
Securitization” shall mean, as of any date of determination, the Securitization into which the Lead Note is contributed.

  

“Lead
Securitization Servicing Agreement” shall mean, as of any date of determination, the PSA governing the Securitization
into which the Lead Note is contributed.

 

“Lead
Servicer” shall mean, as of any date of determination, the Servicer under the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Major
Action” (a) after a Securitization, shall have the meaning assigned to the term “Material Action”, “Major
Action”, “Major Decision” or any equivalent term under the Lead Securitization Servicing Agreement as of such
date of determination and (b) prior to a Securitization of a Note, shall mean any of the following:

 

(i)           any
proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of an REO Property) of the ownership
of property securing the Mortgage Loan as come into and continue in default;

 

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

 

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

 

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

 

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

 

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

 

    	-6-

    	 

    

 

other than any such transfer or incurrence of debt as may be effected without the consent of the lender under
the related loan agreement;

 

(vii)     
  any property management company changes with respect to the Mortgage Loan for which the lender is required to
consent or approve under the Mortgage Loan Documents;

 

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

 

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

 

(x)           any
determination of an Acceptable Insurance Default;

 

(xi)          any
determination by the Special Servicer that the Mortgage Loan is a Specially Serviced Mortgage Loan based on a reasonably foreseeable
default; and

 

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

 

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

 

“Master
Servicer Remittance Date” shall mean:

 

(a)           prior
to the earliest Securitization Date, with respect to each Note (or any Secondary Note) and any funds received by the Master Servicer
in respect of such Note, the second Business Day after receipt or such other date as specified in the definition of the term “Remittance
Date” (or analogous term) in the Interim Servicing Agreement; and

 

(b)           on
and after the earliest Securitization Date:

 

 (i)          with
respect to the Note included in the Lead Securitization, the “Master Servicer Remittance Date” (or analogous
term) as defined in the Lead Securitization Servicing Agreement; and

 

 (ii)          with
respect to each other Note (or any Secondary Note) and any funds received by the Master Servicer in respect of such Note, (x)
prior to such Note being included in a Securitization, the second Business Day after the receipt or such funds or, (y) if such
Note is included in a Securitization, one (1) Business Day following receipt of such funds.

 

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

 

    	-7-

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“New
Notes” shall have the meaning set forth in Section 18(a) hereof.

 

“Non-Directing
Holders” shall mean the Holders of any Note other than Note A-1A, and if such Note (other than Note A-1A) has been included in a Securitization the holders of Certificates representing
the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative
of the holders of such Certificates or such other party otherwise entitled under the applicable PSA to exercise the rights granted
to the Non-Directing Holders in this Agreement.

 

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

 

“Non-Lead
Note” shall mean each of the Notes (including any Secondary Note) other than the Lead Note.

 

“Non-Lead
Note Holders” shall mean the holders of the Non-Lead Notes.

 

“Non-Lead
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement or similar agreement
that governs the Securitization of a Non-Lead Note.

 

    	-8-

    	 

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note A-1B
PSA” shall mean the PSA related to the Note A-1B Securitization.

 

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

 

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

 

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

 

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

 

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

 

    	-9-

    	 

    

 

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

 

“Note A-2A
PSA” shall mean the PSA related to the Note A-2A Securitization.

 

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

 

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

 

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

 

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

 

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

 

“Note A-2B
PSA” shall mean the PSA related to the Note A-2B Securitization.

 

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

 

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

 

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

 

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

 

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

 

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

 

    	-10-

    	 

    

 

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

 

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

 

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

 

“PSA”
shall mean the pooling and servicing agreement entered into in connection with the Securitization of any Note (or any Secondary
Note).

 

“Qualified
Servicer” shall mean (i) Wells Fargo Bank, N.A., (ii) Midland Loan Services, Inc., (iii) KeyBank Real
Estate Capital or (iv) any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,”
in the case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) ranked higher
than or equal to “MOR CS3” as a servicer or special servicer, as applicable, by Morningstar, (3) on the S&P
Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable,
(4) as to which KBRA has not cited servicing concerns of such servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or
withdrawal) of securities in any CMBS transaction rated by KBRA, and serviced by such servicer prior to the time of determination,
(5) as to which Moody’s has not cited servicing concerns of such servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or
withdrawal) of securities in any CMBS transaction rated by Moody’s and serviced by such servicer prior to the time of determination
and (6) in the case of DBRS, that such special servicer is acting as special servicer in a commercial mortgage loan securitization
that was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn
the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on
watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities as a material
reason for such downgrade or withdrawal.

 

    	-11-

    	 

    

 

“Qualified
Transferee” shall mean an Affiliate of the Initial Note A-1A Holder, Initial Note A-1B Holder, Initial Note A-2A
Holder or Initial Note A-2B Holder, or one or more of the following (other than the Borrower or any entity which is an Affiliate
of the Borrower):

 

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

 

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

 

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

 

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

 

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

 

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

 

which,
in the case of each of clauses (i), (ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name
or under management) and (except with respect to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory
surplus or shareholders’

 

    	-12-

    	 

    

 

equity, and is regularly engaged in the business of making or owning commercial real estate loans
or commercial loans similar to the Mortgage Loan.

 

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

 

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

 

“Rating
Agency Confirmation” shall mean, at any time any Note is included in a Securitization, each of the applicable Rating
Agencies for each such Securitization shall have confirmed in writing that the occurrence of the event with respect to which such
Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal of the applicable rating or
ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In the event that no Certificates are outstanding,
any action that would otherwise require a Rating Agency Confirmation shall require the consent of the Directing Holder (unless
it is the Borrower or an Affiliate of the Borrower), which consent shall not be unreasonably withheld, conditioned or delayed.
Any request for a Rating Agency Confirmation shall be subject to and performed in accordance with the Lead Securitization Servicing
Agreement.

 

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

 

“REMIC”
shall have the meaning set forth in Section 2(h) of this Agreement.

 

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

 

“Restricted
Mezzanine Holder” shall mean a holder of a related mezzanine loan that has accelerated, or otherwise begun to exercise
its remedies with respect to, such mezzanine loan (unless such mezzanine holder is stayed pursuant to a written agreement or court
order or as a matter of law from exercising remedies associated with foreclosure of the equity collateral under such mezzanine
loan).

 

    	-13-

    	 

    

 

“S&P”
shall mean Standard & Poor’s Ratings Services, a Division of The McGraw-Hill Companies, Inc., and its successors in
interest.

 

“Secondary
Note” shall mean any portion of any Note A-1A, Note A-1B, Note A-2A or Note A-2B, that is not included
in a Securitization at the time the other portion(s) of such Note is securitized.

 

“Secondary
Securitization” shall mean the sale of a Secondary Note to a depositor who will in turn include such Secondary Note
as part of the securitization of one or more mortgage loans.

 

“Securitization”
shall mean the Note A-1A Securitization, the Note A-1B Securitization, Note A-2A Securitization, the Note A-2B
Securitization or any Secondary Securitization, as applicable.

 

“Securitization
Date” shall mean, with respect to any Securitization, the closing date of such Securitization.

 

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

 

“Servicing
Agreement” shall mean:

 

(a)          during
the period from the date hereof until the earliest Securitization Date, the Interim Servicing Agreement; and

 

(b)          from
and after the earliest Securitization Date, the Lead Securitization Servicing Agreement.

 

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

 

“Servicing
Fee” shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement (which for the avoidance
of doubt means with respect to the term as used herein only the primary servicing fee paid on each Note), which will generally
be calculated as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage
Loan as of the date of determination.

 

“Servicing
Fee Rate” shall have the meaning applied to such term in the Servicing Agreement, being the primary servicing fee rate
per annum which, when applied to the Mortgage Loan Principal Balance, will determine the primary servicing fee portion of the
servicing fee payable to the Master Servicer under the Servicing Agreement (which for the avoidance of doubt means with respect
to the term as used herein only the primary servicing fee paid on each Note); provided that such Servicing Fee Rate shall
be fixed prior to the pricing of the first Securitization

 

    	-14-

    	 

    

 

and under no circumstances shall the Servicing Fee Rate exceed 0.07%
of the then-outstanding principal balance of such Note per annum.

 

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

 

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

 

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

 

“Special
Servicing Fee” shall have the meaning given to such term or an analogous term in the Servicing Agreement; provided that under no circumstances shall the Special Servicing Fee exceed the greater of (i) 0.25% of the then-outstanding principal
balance of the Mortgage Loan per annum and (ii) the rate that would result in a Special Servicing Fee of $1,000 for the related
month.

 

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

 

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

 

“Trust
Fund” shall mean with respect to any Note, the trust formed in connection with the Securitization of such Note.

 

“Trustee”
shall mean, with respect to any Note included in a Securitization, the trustee under the related PSA.

 

“Trustee
Fee” with respect to any Securitization, shall have the meaning given to such term or an analogous term in the related
PSA.

 

2.            Servicing
of the Mortgage Loan.   (a)  Each Holder acknowledges and agrees that, subject in each case to the
specific terms of this Agreement, the Mortgage Loan shall be serviced as follows:

 

(i)           from
the date hereof until the earliest Securitization Date, the Mortgage Loan shall be serviced by the Interim Servicer, who shall
service the Mortgage Loan pursuant to the terms of this Agreement and the Interim Servicing Agreement; and

 

(ii)          from
and after the date on which any Note is included in a Securitization, by the master servicer and the special servicer (each of
which shall be a Qualified Servicer, but for the avoidance of doubt, Berkeley Point Capital LLC may be a sub-servicer provided its bid for such sub-servicing is acceptable to each Holder)

 

    	-15-

    	 

    

 

designated in the Lead Securitization Servicing
Agreement who shall service the Mortgage Loan pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement.

 

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

 

(b)           During
the period described in Section 2(a)(i):

 

(i)            the
Directing Holder shall direct the Interim Servicer to collect all amounts due or collected with respect to the Mortgage Loan or
the Mortgaged Property, and remit to each Holder such Holder’s share of such amounts (net of any Excluded Amounts) on a
Pro Rata and Pari Passu Basis;

 

(ii)           the
Directing Holder shall be entitled to direct the Interim Servicer in connection with all matters relating to the servicing of
the Mortgage Loan (which, for the avoidance of doubt, includes all ministerial and day-to-day administration decisions and all
Major Actions, except that prior to giving any direction with respect to a Major Action, the Holders of greater than fifty percent
(50%) of the Mortgage Loan Principal Balance shall have consented in writing to such direction with respect to such Major Action,
such consent not to be unreasonably withheld or delayed); and

 

(iii)          the
Directing Holder may at any time and from time to time replace the special servicer then acting with respect to the Mortgage Loan
and appoint a replacement special servicer in lieu thereof. Any such replacement special servicer shall be a Qualified Servicer.
The Directing Holder may designate a successor special servicer by delivering to the other Holders, the Interim Servicer and the
then-current special servicer a written notice stating such designation.

 

(c)           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 Trust Fund, (ii) required by law or changes in any law, rule or regulation, (iii) requested by the Rating Agencies
rating any Securitization or (iv) required by the Person purchasing the most subordinate class of Control Eligible Certificates
of the Lead Securitization. In addition, the Lead Securitization PSA shall have such additional provisions as are set forth in
Section 18. If Note A-1B, Note A-2A or Note A-2B is securitized before Note A-1A, the Holder of the Note
with the earliest Securitization Date (until the Note A-1A Securitization Date, and then the Note A-1A Holder) shall
have the right to designate the Master Servicer and the initial Special Servicer for the Mortgage Loan as long as each such party
is a Qualified Servicer.

 

(d)          Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the appointment
of the Master Servicer and the Special Servicer as provided herein and the appointment of any replacement Special Servicer by
the Directing Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the
servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder hereby appoints the Master Servicer, the
Special Servicer and the

 

    	-16-

    	 

    

 

Trustee (if applicable) under the Servicing Agreement as such Holder’s attorney-in-fact to sign
any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the
Servicing Agreement (subject at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).

 

      (e)          If,
at any time the Lead Note is no longer in a Securitization, the Directing Holder shall cause the Mortgage Loan to be serviced
pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a
Securitization, subject to the delivery of a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor
to rate such Securitization) and all references herein to the “Servicing Agreement” shall mean such subsequent
Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and
such written confirmation has been obtained), the Directing Holder shall cause the Mortgage Loan to be serviced pursuant to the
provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan;
provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Directing Holder and does not have to be performed
by the service providers set forth under the Servicing Agreement that was previously in effect.

 

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

 

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

 

      (h)          If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of any Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Borrower, or exercise or refrain from exercising any powers or rights that
the Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant

 

    	-17-

    	 

    

 

modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the
Treasury, more than three (3) months after the startup day of the REMIC that includes any Note (or any portion thereof).
Each Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Servicing
Agreement relating to the administration of the Mortgage Loan.

 

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

 

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

 

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

 

      Upon
the Note A-1A Securitization and any other Lead Securitization as to which any such proceeds are received, any proceeds received
from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly upon receipt thereof,
to the Note Holders on a Pro Rata and Pari Passu Basis. Any proceeds received by any Note Holder from the sale of master servicing
rights with respect to its Note shall be for its own account.

 

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

 

    	-18-

    	 

    

 

reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan,
such modification shall not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal
priorities of the Notes as described in Section 3.

 

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

 

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

 

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

 

    	-19-

    	 

    

 

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

 

(i)          It
is duly organized, validly existing and in good standing under the laws of the jurisdiction of formation.

 

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

 

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

 

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

 

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

 

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

 

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

 

8.          Independent
Analyses of each Holder.

 

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

 

    	-20-

    	 

    

 

in connection with its respective Note for reasons other than gross negligence, willful misconduct or breach of this
Agreement by any other Holder or gross negligence, willful misconduct or bad faith by any Servicer.

 

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

 

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

 

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

 

12.         Transfer
of Notes. (a)  Each Holder may Transfer up to 49%, in the aggregate, of its beneficial interest in its
Note whether or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall
not Transfer more than 49%, in the aggregate, of its beneficial interest in its Note unless (i) prior to a
Securitization of any Note, the other Holders have consented to such Transfer, in which case the related transferee shall
thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a
Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer, in which case the
related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this
Agreement, or (iii) such Transfer is to a Qualified Transferee. Any such transferee must assume in writing the
obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the
Servicing Agreement (provided, that in connection with a transfer to a Securitization, execution and delivery of a PSA shall
be deemed to satisfy the preceding requirement of this sentence). Other than in connection with the Securitization of any
Note, such proposed transferee shall also (x) remake each of the representations and warranties contained herein and (y) if
such transferee is acquiring greater than a 49% beneficial interest in a Note, certify that it is a Qualified Transferee,
in each case, for the benefit of the other Holders.

 

    	-21-

    	 

    

 

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

 

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

 

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

 

(d)         Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any
entity (other than the Borrower or any Affiliate of the Borrower) that has extended a credit facility to such Holder or has entered
into a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial institution
whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note
Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on terms and conditions
set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder
or any Affiliate that controls (as defined in the definition of “Affiliate” set forth in Section 1 above) such
Holder that is secured by such Holder’s interest in its respective Note and is structured as a repurchase arrangement, shall
qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions of this Section 12
are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note without a Rating Agency
Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), the other Holders agree to acknowledge receipt of such
notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by the pledging Holder in respect
of its obligations under this Agreement of which default such Holder has actual knowledge and which notice shall be given simultaneously
with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of ten (10) Business
Days to cure a default by the pledging Holder in respect of its obligations to the other Holders hereunder, but such Note Pledgee
shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement
or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment, modification, waiver or termination
pursuant to the terms hereof) shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which
consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to be given if Note Pledgee
shall fail to respond to any request for consent to any such amendment,

 

    	-22-

    	 

    

 

modification, waiver or termination within 10 days after
request therefor; (iv) that the other Holders shall accept any cure by such Note Pledgee of any default of the pledging Holder
which such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging Holder; (v) that
the other Holders or Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request,
provided that any such certificate(s) shall be in a form reasonably satisfactory to the other Holders; and (vi) that,
upon written notice (a “Redirection Notice”) to the Servicer by such Note Pledgee that the pledging Holder
is in default beyond any applicable cure periods with respect to the pledging Holder’s obligations to such Note Pledgee
pursuant to the applicable credit agreement or other agreements relating to the Pledge between the pledging Holder and such Note
Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until such Redirection Notice is withdrawn
or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise directs that such payment be made
to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that any Servicer would otherwise be
obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing Agreement. Any pledging
Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability to the pledging Holder
on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer or other
Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights and
remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with
applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder and the Note Pledgee
and this Agreement. In such event, or if the pledging Holder otherwise assigns its interests to the Note Pledgee, the other Holders
and the Servicer shall recognize such Note Pledgee (and any transferee (other than the Borrower or any Affiliate of the Borrower)
that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure),
and such Person’s successor and assigns, as the successor to the pledging Holder’s rights, remedies and obligations
under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations of the pledging
Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d) shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder
(and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

(e)          The
parties hereto acknowledge that (i) the contemplated sale of Note A-1A and Note A-1B under the terms of the Master Repurchase
Agreement, dated as of June 17, 2015, between CCRE V, as seller, and Goldman Sachs Bank, as buyer, qualifies as a “Pledge”
hereunder and Goldman Sachs Bank is a Qualified Transferee, (ii) all of the terms of this Section 12 have been
satisfied with respect to such Pledge, and (iii) Goldman Sachs Bank qualifies as a “Note Pledgee” and is entitled
to all of the rights, privileges and benefits afforded to a Note Pledgee hereunder. In addition, while the Pledge to Goldman Sachs
Bank of Note A-1A and Note A-1B is in effect, Goldman Sachs Bank shall have all rights of the Holder of such Note under all
applicable documentation and all other Holders, the Master Servicer and the Special Servicer shall recognize Goldman Sachs Bank
as Holder of such Note or Notes. Notwithstanding the foregoing, no notice shall be required pursuant to Section 12(b) in connection with the Pledge to Goldman Sachs Bank.

 

    	-23-

    	 

    

 

(f)          Notwithstanding
anything to the contrary contained herein, to the extent the Borrower requests reimbursement from the Holders for any costs and
expenses incurred by the Borrower in connection with Section 9.4 of the Loan Agreement or a Securitization pursuant to Section 9.1
of the Loan Agreement, the Holder transferring its Note in connection with such Securitization or requesting a restructuring of
its Note pursuant to Section 9.4 of the Loan Agreement, as applicable, shall be responsible for the payment of such costs and
expenses; provided that, if the Securitization or restructuring of each Note is occurring simultaneously, such costs
and expenses shall be payable by the Holders in accordance with their respective pro rata shares (based on the relative outstanding
principal balances of the Notes).

 

13.       
 Exercise of Remedies by the Servicer. (a)  Subject to the terms of this Agreement including,
without limitation, Section 14, and the Servicing Agreement and subject to the rights and consents, where required, of
the Directing Holder, the Servicer shall have the sole and exclusive authority with respect to the administration of, and
exercise of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive
authority to (i) modify or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or
failure to act by the Borrower or any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the
Mortgage Loan in any bankruptcy, insolvency or other similar proceedings and (iv) to take legal action to enforce or
protect the Holders’ interests with respect to the Mortgage Loan or to refrain from exercising any powers or rights
under the Mortgage Loan Documents, including the right at any time to call or waive any Events of Default, or accelerate or
refrain from accelerating the Mortgage Loan or institute any foreclosure action, and the Holders shall have no voting,
consent or other rights whatsoever with respect to the Servicer’s administration of, or exercise of its rights and
remedies with respect to, the Mortgage Loan. Subject to the terms and conditions of the Servicing Agreement, the Servicer
shall have the sole and exclusive authority to make Property Advances with respect to the Mortgage Loan. Except as otherwise
provided in this Agreement, each Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns
and conveys to the Servicer the rights, if any, that such Holder has to (A) call or cause the Servicer to call an Event
of Default under the Mortgage Loan, or (B) exercise any remedies with respect to the Mortgage Loan or the
Borrower, including, without limitation, filing or causing the Lead Note Holder or such Servicer to file any bankruptcy
petition against the Borrower. Each Holder shall, from time to time, execute such documents as any Servicer shall reasonably
require to evidence such assignment with respect to the rights described in clause (iii) of the first sentence in
this Section 13(a).

 

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

 

(c)          Upon
the Mortgage Loan becoming a Defaulted Mortgage Loan, the Holders hereby acknowledge the right of the Special Servicer to sell
all of the Notes as notes evidencing one whole loan in accordance with the terms of the Servicing Agreement.

 

    	-24-

    	 

    

 

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

 

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

 

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

 

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

 

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No
objection, direction or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special
Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this
Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard, and in the event the Master Servicer or Special Servicer, as applicable, determines that any such
objection, direction or advice would require or cause such a violation, the Master Servicer or Special Servicer, as applicable,
shall disregard such objection, direction or advice and notify the Directing Holder of its determination, including a reasonably
detailed explanation of the basis therefor.

 

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

 

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

 

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

 

(i)          to
provide copies of any notice, information and report that it is required to provide to the Directing Holder pursuant to the Servicing
Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan to the Non-Directing Holders, within the same time frame it is required to provide to the Directing
Holder; provided, however, that if Note A-1B, Note A-2A or Note A-2B has been included in a Securitization transaction,

 

    	-26-

    	 

    

 

then the Master Servicer shall provide copies of any such notice, information and report to the master servicer and special servicer
of the other Securitization transaction and the Special Servicer shall provide copies, to the extent not already provided by the
Master Servicer, of any such notice, information and report to the special servicer of the other Securitization transaction, who
shall forward such notice as and when required under the terms of the related Securitization documents; and

 

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

 

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

 

(c)          In
addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to annual conference
calls with the Master Servicer or the Special Servicer 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 and the Mortgaged Property are discussed.

 

(d)          In
no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any of the Non-Directing
Holders, other than as required pursuant to Section 2(b)(iii) with respect to Major Actions.

 

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

 

17.         Advances;
Reimbursement of Advances. (a)  From time to time, (i) pursuant to terms of the Lead Securitization
Servicing Agreement, the Lead Servicer and/or the related Trustee (1) will be obligated to make Property Advances with
respect to the Mortgage Loan or the Mortgaged Property and (2) may be obligated to make P&I Advances with respect to
the Lead Note and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related

 

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Non-Lead Master Servicer
and/or the related Trustee may be obligated to make P&I Advances with respect to a Non-Lead Note. The Lead Servicer
and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note and any
Non-Lead Master Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Lead
Note, any other Non-Lead Note or any Property Advance. The Lead Servicer, each Non-Lead Master Servicer and any Trustee will
be entitled to interest on any Advance at a rate not to exceed the Prime Rate made in the manner and from the sources
provided in this Agreement and the applicable PSA.

 

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

 

(c)         To
the extent the Lead Servicer or the related Trustee, as applicable, obtains funds from general collections of the Lead Securitization
as a reimbursement for a Property Advance or interest thereon, each Non-Lead Note Holder (including any Securitization into which
any Non-Lead Note is deposited) shall be required to, promptly following notice from the Lead Servicer, pay to the Lead Securitization
for deposit into the general collections of the Lead Securitization to the extent so reimbursed from general collections (to cover
reimbursement amounts obtained by the Lead Servicer or related Trustee therefrom pursuant to this Section 17(c)) its pro
rata share (based on the relative outstanding principal balances of the Notes) of such Property Advance and/or interest thereon
at the Reimbursement Rate so reimbursed from general collections (to the extent amounts on deposit in the Collection Account are
insufficient for reimbursement of such amounts, from general collections of the Non-Lead Note Holder’s related Securitization
trust). In addition, each Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is deposited) shall
promptly reimburse the Lead Servicer or the related Trustee for such Non-Lead Note Holder’s pro rata share (based
on the relative outstanding principal balances of the Notes) of any fees, costs or expenses that are Excluded Amounts under clause
(iii) of such definition, incurred in connection with the servicing and administration of the Mortgage Loan as to which the Lead
Securitization or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing Agreement (to
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient for reimbursement of
such amounts, from general collections of the Non-Lead Note Holder’s related Securitization trust).

 

(d)         The
parties to each PSA shall be entitled to make their own recoverability determination with respect to a P&I Advance based on
the information that they have on hand and in accordance with the applicable PSA.

 

18.         Provisions
Relating to Securitization. (a)  For so long as an initial Holder or an Affiliate of an initial Holder
(an “Initial Holder”) is the owner of a Note, such Initial Holder shall have the right, subject to the
terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated notes or additional notes (in
either case “New Notes”) reallocating the principal of the Note or Notes held by such Initial Holder among
other New Notes; reducing the Interest Rates of such New Notes or severing the Note held by such Initial

 

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Holder into one
or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of such Note, provided that (i) the aggregate principal balance of such New Notes following such
amendments is no greater than the principal balance of the related Note prior to such amendments, (ii) all New Notes
continue to have the same interest rate as the related Note prior to such amendments, (iii) all New Notes pay pro
rata and on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms
of this Agreement and (iv) the Initial Note Holder holding the New Notes shall notify the other Holders and the
parties to the PSAs in writing of such modified allocations and principal amounts. In connection with the foregoing,
(1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend
and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of
reflecting such reallocation of principal or such severing of such Note, (2) if any Note is severed into
“component” notes, such component notes shall each have their same rights as the respective original Note (except
that with respect to Note A-1, only one component may be designated as the Lead Note) and (3) the definition of the
term “Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to
reflect the New Notes.

 

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

 

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

 

(ii)         if
the Master Servicer determines that a proposed P&I Advance or Property Advance, if made, or any outstanding P&I Advance
or Property Advance previously made, would be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer shall provide
the servicers under any other PSA written notice of such determination, together with supporting evidence for such determination,
within 2 Business Days after such determination was made.

 

(iii)        the
Master Servicer shall remit all payments received (or advanced) with respect to each Non-Lead Note, net of the Servicing Fee payable
with respect to such Note and any other Excluded Amount, to the Holder of such Note on or prior to the related Master Servicer
Remittance Date (as defined herein);

 

(iv)        with
respect to each other Note that is held by a Securitization, the Master Servicer agrees to deliver (and the Special Servicer agrees
to deliver to the Master Servicer for delivery) to each of the respective Non-Lead Note Holders or, if such Non-Lead Note is securitized,
the respective Non-Lead Master Servicers, all reports required to be delivered by the Master Servicer to the Trustee (and by the
Special Servicer to the Master Servicer) under the Lead Securitization Servicing Agreement (which shall include

 

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all reports constituting
the CREFC Investor Reporting Package) pursuant to the terms of the Lead Securitization Servicing Agreement on the earlier of (x)
the date such reports are required to be delivered to such Trustee and (y) the Master Servicer Remittance Date (but in no event
less than 2 Business Days after the Mortgage Loan due date); including such information in the Master Servicer’s possession
as is reasonably necessary for each such Non-Lead Master Servicer to determine the recoverability of P&I Advances;

 

(v)           the
Master Servicer shall provide (and the Special Servicer agrees to deliver to the Master Servicer to provide) to each Non-Lead
Note Holder all documents, certificates, instruments, notices, reports, operating statements, rent rolls and other information
regarding the Mortgage Loan provided to any other party to the Lead Securitization Servicing Agreement or to the Controlling Class
Representative (or analogous term) as such term is defined in the Lead Securitization Servicing Agreement, at the time provided
to such other party;

 

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

 

(vii)         The
Non-Lead Note Holders shall be entitled to the same indemnity with respect to the Mortgage Loan as the Lead Note Holder is provided
with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement. The Master Servicer, any primary servicer,
the Special Servicer and the trustee, the certificate administrator and operating advisor under the Lead Securitization Servicing
Agreement shall be required to indemnify each “certification party” and the depositors of each other Securitization
to the same extent that they indemnify the Lead Securitization “certification party” and depositor for their failure
to deliver the items in clause (viii) below in a timely manner and for any Deficient Exchange Act Deliverable (as defined in the
Lead Securitization Servicing Agreement or any similar term thereto) regarding, and delivered by or on behalf of, such party;

 

(viii)        (a)
the Master Servicer, any primary servicer, the Special Servicer and the Lead Securitization Trustee, certificate administrator
or other party acting as custodian for the Lead Securitization shall be required to (1) 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), in a timely manner, the reports, certifications, compliance statements, accountants’
assessments and attestations, information to be included in reports (including, without limitation, Form 15G, Form 10K, Form 10D,
Form 8K), and other materials specified in each of the other PSAs as the parties to the applicable Securitization may require
in order to comply with their obligations under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including
Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law, and (2) to the extent applicable, to cooperate with
any depositor in an other Securitization in responding to comments from the Commission regarding any

 

    	-30-

    	 

    

 

materials provided by such
party in the immediately preceding clause (1), and (b) without limiting the generality of the foregoing, each Lead Note Holder
for a Lead Securitization shall provide or cause to be provided in a timely manner to the depositor and the trustee for any subsequent
Securitization (and in the case of the Note A-1A Securitization, for each other prior or subsequent Securitization) a copy of
the Lead Securitization Servicing Agreement and each of the Master Servicer, the Special Servicer, the Trustee, the certificate
administrator or other party acting as custodian for the Lead Securitization will be required to provide to the depositor and
the trustee for any subsequent Securitization (and in the case of the Note A-1A Securitization, for each other prior or subsequent
Securitization) at the expense of the requesting party (x) in the event that, subsequent to any other Securitization, the Note
A-1A Securitization occurs or pursuant to the proviso in the definition of “Lead Securitization” the earliest Securitization
remains the Lead Securitization, any other information required to comply in a timely manner with applicable filing requirements
under Items 1.01 and 6.02 of Form 8-K (but not later than the closing date of the Note A-1A Securitization), and (y) in the case
of each Lead Securitization that occurs prior to any other Securitization, any other disclosure information required pursuant
to Regulation AB or the Securities Exchange Act of 1934, as amended, in a timely manner for inclusion in any disclosure document
or Form 8-K, and, in the case of clauses (x) and (y) and with respect to the Lead Servicers, market indemnification agreements,
opinions and Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization. As used
in this Agreement, “Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§  229.1100-229.1125, as such may be amended from time to time, and subject to such clarification and interpretation
as have been provided by the Commission or by the staff of the Commission, or as may be provided by the Commission or its staff
from time to time, in each case as effective from time to time as of the compliance dates specified therein. “Commission”
means the United States Securities and Exchange Commission. The Master Servicer, any primary servicer and the Special Servicer
shall each be required to provide certification and indemnification to each Certifying Person with respect to any applicable Sarbanes-Oxley
Certification (or analogous terms) as such terms are defined in the related Non-Lead Servicing Agreement;

 

(ix)          each
of the Master Servicer, the Special Servicer, the custodian and the Trustee and each Affected Reporting Party (as defined in the
Lead Securitization Servicing Agreement) shall cooperate (and require each Servicing Function Participant (as defined in the Lead
Securitization Servicing Agreement) and Additional Servicer (as defined in the Lead Securitization Servicing Agreement) retained
by it to cooperate under any applicable sub-servicing agreement), with each depositor for a Non-Lead Securitization (including,
without limitation, providing all due diligence information, reports, written responses, negotiations and coordination, and paying
all costs and expenses incurred in connection therewith) to the same extent as such party is required to cooperate with (and pay
the expenses of) the Depositor under the Lead Securitization Servicing Agreement in connection with Deficient Exchange Act Deliverables
(as defined in the Lead Securitization Servicing Agreement);

 

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(x)          any
late collections received by the Master Servicer from the Borrower shall be remitted by the Master Servicer to the master servicer
of any applicable Non-Lead Securitization within one Business Day of receipt thereof;

 

(xi)         the
Holders of the Non-Lead Notes 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 Holders of the Non-Lead Notes
under this Agreement and the Lead Securitization Servicing Agreement;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(xv)         to
the extent related to the Mortgage Loan or the Lead Servicers, Rating Agency Confirmation shall be provided with respect to the
certificates issued in connection with any other Securitization to the same extent provided with respect to the certificates issued
in connection with the Lead Securitization;

 

(xvi)        Servicer
Termination Events (or any analogous term) with respect to the Master Servicer and the Special Servicer shall include (i) the
failure to remit payments to the Holders of any Non-Lead Note as and when required by the Lead Securitization Servicing Agreement;
(ii) the qualification, downgrade or withdrawal of ratings of any class of certificates in any Securitization of a Non-Lead Note
(generally based upon certain actions or concerns relating to the Master Servicer or the Special Servicer, as applicable); and
(iii) the failure to provide to the Non-Lead Note Holder (if and to the extent required under the applicable Non-Lead Servicing
Agreement) 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 a Servicer Termination Event with respect to a Non-Lead Note Holders, the related Trustee
under the Lead Securitization shall, upon the direction of the related Non-Lead Note Holder, require the appointment of a subservicer
with respect to the related Note or termination of the Master Servicer or Special Servicer, as applicable, subject to any applicable
consent rights of the holders of Certificates representing the specified interest in the class of Certificates designated as the
“controlling class” or the duly appointed representative of the holders of such Certificates pursuant to the Lead
Securitization Servicing Agreement;

 

(xvii)       the
Trustee under the Lead Securitization Servicing Agreement shall promptly notify the trustee and the master servicer under any
Non-Lead Servicing Agreement of any resignation, termination or replacement of the Master Servicer, the Special Servicer or an
applicable primary servicer or the effectiveness of any designation of a new Master Servicer, Special Servicer or applicable primary
servicer (together with the relevant contact information); and

 

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

 

(c)           The
Holder of the Lead Note shall:

 

(i)            give
each of the other Holders and parties to any Non-Lead Servicing Agreement (that will not also be a party to the Lead Securitization
Servicing Agreement) notice of the Securitization of the Lead Note in writing (which may be by e-mail) not less than five (5)
business days prior to the applicable pricing date for the Lead Securitization, together with contact information for each of
the parties to the Lead Securitization Servicing Agreement;

 

    	-33-

    	 

    

 

(ii)          (A)
if requested by the other Holder prior to the closing of the Lead Securitization, reasonably cooperate with such other Holder
to provide the most recent draft of the Lead Securitization Servicing Agreement to such other Holder and (B) promptly upon the
closing of the Lead Securitization, send a copy of the Lead Securitization Servicing Agreement to each of the other Holders and
parties to any Non-Lead Servicing Agreement (that are not also party to the Lead Securitization Servicing Agreement);

 

(iii)         in
the event that a Securitization of a Non-Lead Note closes prior to the Lead Securitization, provide written notice (which may
be by e-mail) of such Lead Securitization to the depositor and trustee of each Non-Lead Securitization and, promptly upon the
execution of the Lead Securitization Servicing Agreement (but not later than two (2) business days after the day on which such
document is executed), provide a copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible format; and

 

(iv)         in
the event that a Securitization of a Non-Lead Note closes after the Lead Securitization, upon receipt of written notice (which
may be by email) of the closing of any Non-Lead Securitization, provide or cause the Depositor under the Lead Securitization to
provide the depositor under the related Non-Lead Servicing Agreement and the related Non-Lead Note Holder with a copy of the Lead
Securitization Servicing Agreement in an EDGAR-compatible format.

 

(d)          In
addition, after the closing of the securitization of any Non-Lead Note, the related Non-Lead Note Holder shall send (i) a copy
of the related Non-Lead Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement and (ii) notice
of any subsequent change in the identity of the master servicer under the Non-Lead Servicing Agreement or the party designated
to exercise the rights of the Non-Controlling Holder under this Agreement (together with the relevant contact information).

 

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

 

20.          Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
Additionally, from and after a Securitization, except as set forth in Section 18(a), this Agreement may not be modified
unless written confirmation from each Rating Agency has been received stating that such amendment or modification, in and of itself,
would not cause a downgrade, qualification or 

 

    	-34-

    	 

    

 

withdrawal of the then-current ratings assigned to any class of certificates issued
under any Securitization.

 

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

 

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

 

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

 

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

 

25.          Custody
of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Notes) will be held by the
Note A-1A Holder (or by a custodian on its behalf) on behalf of all of the Holders until the earliest Securitization
Date, at which time the originals of all of the Mortgage Loan Documents (other than Notes) will be transferred to and at all
times thereafter held by the Trustee of the Lead Securitization (or by a custodian on its behalf) on behalf of all of the
Holders. Following the Securitization of Note A-1A, the Trustee of the Lead Securitization shall be the mortgagee of record.
Each original Note will be held by the related Holder (or related Trustee (or by a custodian on its behalf) after the related
Securitization Date.

 

26.          Prior
Agreements; Side Letters. This Agreement contains the entire agreement of the parties hereto and thereto in respect of
the transactions contemplated hereby, and all prior agreements among or between such parties, whether oral or written, with
respect to such transactions are superseded by the terms of this Agreement. Each party hereto hereby agrees that, from and
after the date hereof, such party shall not enter into any side letter 

 

    	-35-

    	 

    

 

agreement or other agreement, whether oral or written, with any other party hereto with respect to such transactions.
Each party hereto represents and warrants that, as of the date hereof, it has not entered into any side letters or other agreements,
either written or oral, with any other party hereto or any Affiliate of any party hereto, with respect to any of the transactions
contemplated hereby, other than this Agreement.

 

27.          Rating
Agency Presentation. 

 

(a)          Prior
to any Securitization, (i) each Holder shall have the right to meet with the Rating Agencies and participate in conference calls
with the Rating Agencies (to the extent there are any such meetings or calls) with respect to the Mortgage Loan and the Mortgaged
Property, provided that each Holder shall notify the other Holder in advance of (but, to the extent practicable, not less
than one (1) Business Day prior to) any such discussions and/or negotiations; provided further, that in the event
such discussions and/or negotiations are requested by the Rating Agencies to be scheduled for a time which is sooner than twenty-four
(24) hours from the time of such request, then the applicable Holder shall notify the other Holder via e-mail as soon as such
discussions and/or negotiations are requested or scheduled; and (ii) subject to the notice requirement in clause (i), any
Holder may present the Mortgage Loan and the Mortgaged Property to the Rating Agencies, provided that such presentation utilizes
the final rating presentation prepared by the Initial Note A-1A Holder and approved by the Initial Note A-1B Holder, Initial Note
A-2A Holder and Initial Note A-2B Holder. Notwithstanding anything to the contrary contained herein (but subject to the notice
requirements set forth in this Section 27(a)), the Initial Note A-1A Holder shall lead any conference calls, discussions,
negotiations or presentations in which it participates with the Initial Note A-1B Holder, Initial Note A-2A Holder or Initial
Note A-2B Holder.

 

(b)          Each
Holder will provide to the Initial Note A-1A Holder for its approval, a reasonable period prior to submitting to the Rating Agencies
with respect to each such Holder’s proposed Securitization, any data files showing certain agreed upon characteristics of
the Mortgage Loan and the Mortgaged Property (e.g., property type, location, debt service coverage and loan to value) for purposes
of obtaining preliminary subordination levels.

 

(c)          Each
of the Holders shall enter into certain engagement letters with certain Rating Agencies selected by such Holder in connection
with its respective Securitization.

 

(d)          For
the avoidance of doubt, following the first Securitization Date, this Section 27 shall not apply and shall be of no force
and effect.

 

28.          Hedging
Costs. No Holder shall have any liability or obligation in respect of or otherwise arising out of or relating to any other
Holder’s hedging arrangements with respect to such other Holder’s Note.

 

29.          Cooperation.
In connection with the Lead Securitization, each Holder agrees to cooperate in entering into any modifications or amendments to
this Agreement as may be reasonably requested by the Rating Agencies, any party to the Lead Securitization Servicing Agreement
or the “Directing Holder,” “Controlling Class Certificate Holder,” “Controlling Class

    	-36-

    	 

    

 

Representative”
or similar party under, and as defined in, the Lead Securitization Servicing Agreement.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

    	-37-

    	 

    

 

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

 

	 	Initial Note A-1A Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Anthony Orso
	 	 	Name: Anthony Orso
	 	 	Title: CoCEO-CCRE
	 	 	 
	 	Initial Note A-1B Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	/s/ Anthony Orso
	 	 	Name: Anthony Orso
	 	 	Title: CoCEO-CCRE
	 	 	 
	 	Initial Note A-2A Holder:
	 	 	 
	 	GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership
	 	 
	 	By:	/s/ Rene J. Theriault
	 	 	Name: Rene J. Theriault
	 	 	Title: Authorized Signatory
	 	 	 
	 	Initial Note A-2B Holder:
	 	 	 
	 	GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership
	 	 	 
	 	By:	/s/ Rene J. Theriault
	 	 	Name: Rene J. Theriault
	 	 	Title: Authorized Signatory

 

Signature
Page

Element
Amended and Restated Co-Lender Agreement

 

    	 

    	 

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

A.          Description
of Mortgage Loan

 

	Borrower:	Hudson
    Element LA, LLC
	Mortgage
    Loan Origination Date:  	October
    9, 2015
	Initial
    Principal Amount of Mortgage Loan:	$168,000,000.00
	Co-Lender
    Closing Date Mortgage Loan Principal Balance:	$168,000,000.00
	Location
    of Mortgaged Property:	Los
    Angeles
	Current
    Use of Mortgaged Property:	Office
	Interest
    Rate:	Note A-1A:          4.5930%

        Note A-1B:          4.5930% 

        Note A-2A:          4.5930% 

        Note A-2B:          4.5930% 

	Maturity
    Date:	November
    6, 2025

 

    	A-1

    	 

    

 

B.          Description
of Notes

 

	Mortgage Loan Origination
    Date:	October
    9, 2015
	Initial
    Note A-1A Principal Balance:	$55,500,000
	Initial
    Note A-1B Principal Balance:	$28,500,000
	Initial
    Note A-2A Principal Balance:	$70,000,000
	Initial
    Note A-2B Principal Balance:	$14,000,000
	Initial
    Note A-1A Percentage Interest:	33.036%  
	Initial
    Note A-1B Percentage Interest:	16.964
    %
	Initial
    Note A-2A Percentage Interest:	41.667%  
	Initial
    Note A-2B Percentage Interest:	8.333
    %
	Note A-1A
    Interest Rate:	4.5930%
	Note A-1B
    Interest Rate:	4.5930%
	Note A-2A
    Interest Rate:	4.5930%
	Note A-2B
    Interest Rate:	4.5930%
	Note A-1A
    Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-1A Interest Rate
	Note A-1B
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-1B Interest Rate
	Note A-2A
    Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-2A Interest Rate
	Note A-2B
    Default Interest Rate:  	Lesser
    of (a) the maximum rate permitted by law or (b) four percent (4%) above the Note A-2B Interest Rate

 

    	A-2

    	 

    

 

EXHIBIT
B

 

Initial
Note A-1A Holder:

 

Cantor
Commercial Real Estate Lending, L.P. 

110
E. 59th St., 6th Floor 

New
York, NY 10022  

Attn: 
Legal Department 

Facsimile:
(212) 610-3623 

legal@ccre.com.  

 

With
copy to: 

 

Dechert
LLP 

Cira
Centre 

2929
Arch Street 

Philadelphia,
PA 19104-2808 

Attn:
David W. Forti 

Facsimile:
(215) 655-2647 

david.forti@dechert.com

 

Initial
Note A-1B Holder:

 

Cantor
Commercial Real Estate Lending, L.P. 

110
E. 59th St., 6th Floor 

New
York, NY 10022  

Attn: 
Legal Department 

Facsimile:
(212) 610-3623 

legal@ccre.com.  

 

With
copy to: 

 

Dechert
LLP 

Cira
Centre 

2929
Arch Street 

Philadelphia,
PA 19104-2808 

Attn:
David W. Forti 

Facsimile:
(215) 655-2647 

david.forti@dechert.com

 

Initial
Note A-2A Holder:

 

Goldman
Sachs Mortgage Company 

200
West Street

New York, New York 10282

Attention: General Counsel

 

    	B-1

    	 

    

 

Facsimile
No.: (917) 977-4870

 

with
copies to:

 

Goldman
Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Rene Theriault

 

And 

 

Cleary
Gottlieb Steen Hamilton 

One
Liberty Street, 38th Floor 

New
York, New York 10006 

Attention:
Michael Weinberger 

Facsimile
No.: (212) 225-3999

 

Initial
Note A-2B Holder:

  

Goldman
Sachs Mortgage Company 

200
West Street

New York, New York 10282

Attention: General Counsel 

Facsimile
No.: (917) 977-4870

 

with
copies to:

 

Goldman
Sachs Mortgage Company

200 West Street

New York, New York 10282

Attention: Rene Theriault

 

And

 

Cleary
Gottlieb Steen Hamilton 

One
Liberty Street, 38th Floor 

New
York, New York 10006 

Attention:
Michael Weinberger 

Facsimile
No.: (212) 225-3999

 

    	B-2

    	 

    

 

EXHIBIT
C

 

PERMITTED
FUND MANAGERS

 

Goldman,
Sachs & Co. 

The
Blackstone Group International Ltd. 

Apollo
Global Real Estate 

Colony
Capital, LLC / Colony Financial, Inc. 

Fortress
Investment Group LLC 

Lone
Star Funds 

Rockwood
Capital, LLC 

Clarion
Partners 

Walton
Street Capital, LLC 

Starwood
Capital Group/Starwood Property Trust, Inc. 

BlackRock,
Inc. 

Ares
Management 

Garrison
Investment Group 

LoanCore
Capital/DivCore Capital 

Rockpoint
Group 

Westbrook
Partners 

One
William Street Capital Management, L.P. 

OZ Management,
LP 

OZ Management
II, LP 

H/2
Capital Partners 

Vornado
Realty Trust 

Boston
Properties 

J.P.
Morgan Asset Management 

Morgan
Stanley Prime Property Fund 

AEW
Capital Management

 

    	C-1

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