Document:

Exhibit 4.3

 

 

EXECUTION VERSION

	 

 

NMS Multifamily Portfolio II

 

CO-LENDER AGREEMENT

 

Dated as of October 29, 2015

 

between

 

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.

(Note A-1 Holder)

and

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.

(Note A-2 Holder)

and

CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.

(Note A-3 Holder) 

	 

    	 

    	 

    

TABLE OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	1.	Definitions; Conflicts	 	2
	2.	Servicing of the Mortgage Loan	 	13
	3.	Priority of Notes	 	15
	4.	Workout	 	15
	5.	Accounts; Payment Procedure	 	15
	6.	Limitation on Liability	 	16
	7.	Representations of the Holders	 	17
	8.	Independent Analyses of each Holder	 	17
	9.	No Creation of a Partnership or Exclusive Purchase Right	 	18
	10.	Not a Security	 	18
	11.	Other Business Activities of the Holders	 	18
	12.	Transfer of Notes	 	18
	13.	Exercise of Remedies by the Servicer	 	21
	14.	Rights of the Directing Holder	 	23
	15.	Appointment of Special Servicer	 	24
	16.	Rights of the Non-Directing Holders	 	24
	17.	Advances; Reimbursement of Advances	 	25
	18.	Provisions Relating to Securitization	 	26
	19.	Governing Law; Waiver of Jury Trial	 	30
	20.	Modifications	 	30
	21.	Successors and Assigns; Third Party Beneficiaries	 	31
	22.	Counterparts	 	31
	23.	Captions	 	31
	24.	Notices	 	31
	25.	Custody of Mortgage Loan Documents	 	31

 

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THIS CO-LENDER AGREEMENT
(the “Agreement”), dated as of October 29, 2015, is between CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.,
a Delaware limited partnership (“CCRE”), having an address at 110 East 59th Street, New York, New York 10022,
as the holder of Note A-1, CCRE, as the holder of Note A-2 and CCRE, as the holder of Note A-3.

W I T N E
S S E T H:

WHEREAS, Cantor
Commercial Real Estate Lending, L.P. has made a mortgage loan in the original principal amount of $120,000,000 (the “Mortgage
Loan”) to those certain Delaware limited liability companies listed on Exhibit A hereto (collectively referred to as
the “Borrower”) pursuant to a loan agreement between the Borrower, as borrower, and CCRE, as lender, dated as
of August 21, 2015 (the “Loan Agreement”);

WHEREAS, the Mortgage
Loan is evidenced by three notes, Promissory Note A-1 in the original principal amount of $65,000,000, Promissory Note A-2 in the
original principal amount of $30,000,000 and Promissory Note A-3 in the original principal amount of $25,000,000 (“Note
A-1,” “Note A-2” and “Note A-3” respectively and individually, each, a “Note”
and collectively the “Notes”);

 

WHEREAS, the Mortgage Loan
is secured by a first mortgage lien (the “Mortgage”) on the portfolio of real properties known as NMS Multifamily
Portfolio II (the “Mortgaged Properties” and each, a “Mortgaged Property”);

WHEREAS, the Note
A-1 Holder intends to sell, transfer and assign its right, title and interest in and to Note A-1 to Deutsche Mortgage and Asset
Receiving Corporation (“DMARC”), as depositor, pursuant to a Mortgage Loan Purchase Agreement to be dated as
of October 29, 2015, by and between DMARC, as purchaser, and Note A-1 Holder as seller, and DMARC intends to transfer its right,
title and interest in and to Note A-1 to Wilmington Trust, National Association, as trustee for the COMM 2015-CCRE27 Mortgage Trust
under a pooling and servicing agreement, dated as of October 1, 2015 (the “Note A-1 PSA”), between DMARC,
as depositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, Rialto Capital Advisors,
LLC, as special servicer, Wells Fargo Bank, National Association, as trustee, Wells Fargo Bank, National Association, as certificate
administrator, paying agent and custodian, and Park Bridge Lender Servicers LLC, as operating advisor (the “Note A-1 Securitization”);

WHEREAS,
the Note A-2 Holder or its Affiliate may Pledge (as defined in Section 12(d)) Note A-2 to Metropolitan Life Insurance Company
(“MetLife”) and/or sell, transfer and assign all or a portion of its right, title and interest in and to Note
A-2 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;

WHEREAS,
the Note A-3 Holder or its Affiliate may Pledge (as defined in Section 12(d)) Note A-3 to MetLife and/or sell, transfer and assign
all or a portion of its right,

    	 

    	 

    

 

title
and interest in and to Note A-3 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;

WHEREAS, Note A-2
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note
A-2 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;

WHEREAS, Note A-3
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note
A-3 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, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
Note A-1, Note A-2 and Note A-3, respectively;

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

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

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

“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, Note A-2 PSA or the Note A-3 PSA.

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

 

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“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.

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

“CCRE”
shall mean Cantor Commercial Real Estate Lending, L.P. and its successors in interest.

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

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2 Securitization or the Note A-3 Securitization.

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

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

“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.

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

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

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

“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, DMARC, (ii) with respect to the Note A-2 Securitization, the depositor
under the Note A-2 PSA and (iii) with respect to the Note A-3 Securitization, the depositor under the Note A-3 PSA.

 

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“Directing
Holder” shall mean 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
that the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided,
that no Borrower, property manager or affiliate thereof shall be entitled to act as 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, Liquidation Fees, Workout Fees, as applicable, reimbursement of costs and expenses,
reimbursement of Property Advances and interest thereon at the Reimbursement Rate;

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

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

“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-1 Holder, the Note A-2 Holder and the Note A-3 Holder.

“Intervening
Trust Vehicle” shall mean, with respect to any Securitization Vehicle that is a CLO, a trust vehicle or entity which
holds Note A-1 or Note A-3 as collateral securing (in whole or in part) any obligation or security held by such Securitization
Vehicle as collateral for the CLO.

 

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

“Lead Note”
shall mean Note A-1.

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

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

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

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

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

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

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

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

“Master Servicer
Remittance Date” shall mean:

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

(ii)         with
respect to Note A-2, (a) prior to the Note A-2 Securitization, the Business Day after each Determination Date, and (b) from and
after the Note A-2 Securitization, the first Business Day after the “determination date,” as such term or a similar
term is defined in the Note A-2 PSA (as long as such date is at least two Business Days after receipt of the Monthly Payment);
and

(iii)        with
respect to Note A-3, (a) prior to the Note A-3 Securitization, the Business Day after each Determination Date, and (b) from and
after the Note A-3 Securitization, the first Business Day after the “determination date,” as such term or a similar
term is defined in the Note A-3 PSA (as long as such date is at least two Business Days after receipt of the Monthly Payment).

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

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

 

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

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

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

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

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

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

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

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

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

“Non-Directing
Holders” shall mean the holders of 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 Note A-2 PSA and the Note A-3 PSA to exercise the rights granted to the Non-Directing Holders in this
Agreement. If Note A-2 or Note A-3 has not been included in a Securitization, the Non-Directing Holder with respect to such Note
will be the then-current Holder of such Note.

“Non-Lead
Master Servicer” shall mean, (i) with respect to Note A-2 and the Note A-2 PSA, the master servicer designated under
the Note A-2 PSA and (ii) with respect to Note A-3 and the Note A-3 PSA, the master servicer designated under the Note A-3 PSA.

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

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

“Non-Lead
Servicing Agreements” shall mean the Note A-2 PSA and the Note A-3 PSA.

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

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

 

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“Note A-1
Holder” shall mean Cantor Commercial Real Estate Lending, L.P. or any subsequent holder of Note A-1.

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

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

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

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

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

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

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

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

“Note A-2
Holder” shall mean Cantor Commercial Real Estate Lending, L.P. or any subsequent holder of Note A-2.

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

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

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

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

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

 

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

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

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

“Note A-3
Holder” shall mean Cantor Commercial Real Estate Lending, L.P. or any subsequent holder of Note A-3.

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

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

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

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

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

“P&I
Advance” shall mean an advance made by a party to the Note A-1 PSA, the Note A-2 PSA or the Note A-3 PSA, as applicable,
with respect to a delinquent monthly debt service payment on the Notes included in the related Securitization.

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

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

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

“Property
Advance” shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve
and enforce the security for the Mortgage

 

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

“Pro Rata
and Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments of
interest among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the interest
accrued on such Note at the respective 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.

“Qualified
Servicer” shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of
PNC Bank, National Association, (iii) KeyBank National Association 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) on the S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer
or a U.S. Commercial Mortgage Special Servicer, as applicable, (3) as to which neither Moody’s nor KBRA has cited servicing
concerns of such servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement
on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in any CMBS transaction rated
by Moody’s or KBRA, as applicable, and serviced by such servicer prior to the time of determination, (4) a servicer that
(i) during the 12-month period prior to the date of determination, acted as master servicer or special servicer, as applicable,
in a commercial mortgage loan securitization rated by Morningstar and (ii) Morningstar has not qualified, downgraded or withdrawn
the then-current rating or ratings of one or more classes of such certificates citing servicing concerns with the servicer or special
servicer, as applicable, as the sole or material factor in such rating action and (5) that is then currently acting as servicer
in a CMBS transaction rated by DBRS and as to which DBRS 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 any securities issued in such transaction that are rated by DBRS. For purposes of this
definition, for so long as any Note is included in a Securitization, the ratings or actions of any Rating Agency that is not rating
any such Securitization(s) shall not be considered.

“Qualified
Transferee” shall mean an Affiliate of Note A-1 Holder, Note A-2 Holder or Note A-3 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

 

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

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

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

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

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

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

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

 

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

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

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

For the purposes of
this Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request for
a confirmation hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal
of its then current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request
or responds in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for
Rating Agency Confirmation and the related timing, notice and other applicable provisions set forth in Servicing Agreement and
the Note A-2 PSA or the Note A-3 PSA, as applicable, have been satisfied, then for such request only, the condition that such confirmation
by such Rating Agency (only) be obtained will be deemed not to apply for purposes of this Agreement. For purposes of clarity, any
such waiver, declination or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed
a waiver, declination or refusal to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder
and the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

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

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

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

 

    	-11-

    	 

    

“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization and the Note A-3 Securitization, as applicable.

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

“Servicing
Agreement” shall mean the Note A-1 PSA; provided that in the event the Lead Note is no longer an asset of the
trust fund created pursuant to the Servicing Agreement, the term “Servicing Agreement” shall refer to the subsequent
servicing agreement entered into pursuant to Section 2.

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

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

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

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

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

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

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

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

“Trustee”
shall mean the trustee under Note A-1 PSA, the Note A-2 PSA or the Note A-3 PSA, as the context requires.

 

    	-12-

    	 

    

“Trustee
Fee” shall have the meaning given to such term in the Note A-2 PSA or an analogous term in the Note A-1 PSA and the Note
A-3 PSA, as the context requires.

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 from and after the Note A-1 Securitization Date, by the Note A-1
Master Servicer and the Note A-1 Special Servicer pursuant to the terms of this Agreement and the Note A-1 PSA. Each Holder
agrees to reasonably cooperate with each Servicer with respect to its exercise of its rights and obligations under the
Servicing Agreement.

(b)          [Reserved.]

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

(d)          If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant
to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
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 Note
A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement
was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until
a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer
appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement
that was previously in effect.

(e)          Notwithstanding
anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing Agreement shall provide
that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard as set
forth in such Servicing Agreement, and any Holder who is not a Borrower or an Affiliate of a Borrower shall be deemed a third-party
beneficiary of such provisions of the Servicing Agreement. 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.

 

    	-13-

    	 

    

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

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

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

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

The Servicing Agreement
may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay the Master Servicer,
the Trustee or the Special Servicer for interest accrued on any Property Advances and reimbursement of Property Advances, (ii) to
pay the parties to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred
with respect to the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing
compensation, except

 

    	-14-

    	 

    

 

that,
for so long as Note A-2 or Note A-3 is not included in a Securitization, any Penalty Charges allocated to Note A-2 or Note A-3,,
respectively, that are not applied pursuant to clauses (i)-(iii) above shall be remitted to the respective Holder and shall not
be paid to the Master Servicer and/or the Special Servicer without the express consent of such Holder.

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

5.            Accounts;
Payment Procedure. The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection
Account or Collection Accounts, as applicable. Each of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder hereby
directs the Master Servicer, in accordance with the priorities set forth in Section 3 hereof, and subject to the terms
of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the time period specified in the Servicing
Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from the applicable Collection Account for
deposit or credit on the applicable Master Servicer Remittance Date all payments received with respect to and allocable to Note
A-1, Note A-2 and Note A-3 by wire transfer to accounts maintained by the Note A-1 Holder, the Note A-2 Holder and the Note A-3
Holder, respectively; 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 Note A-1, Note A-2 Note A-3 determines, or a court of competent
jurisdiction orders, at any time that any amount received or collected in respect of Note A-1, Note A-2 or Note A-3 must, pursuant
to any insolvency, bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Borrower or paid to the Note
A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, or any Servicer or paid to any other Person, then, notwithstanding any other
provision of this Agreement, no Servicer shall be required to distribute any portion thereof to the Note A-1 Holder, the Note A-2
Holder or the Note A-3 Holder, as applicable, and the Note A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable,
shall promptly on demand repay to such Servicer the portion thereof which shall have been theretofore distributed to the Note A-1
Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, together with interest thereon at such rate, if any, as such
Servicer shall have been required to pay to the Borrower, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, any Servicer
or such other person or entity with respect thereto. Each of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 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

 

    	-15-

    	 

    

 

remit
such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder from the Note
A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, with respect to the Mortgage Loan against any future payments
due to the Note A-1 Holder, the Note A-2 Holder or the Note A-3 Holder, as applicable, under the Mortgage Loan, provided,
that the obligations of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder under this Section 5 are
separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder against
any other Holder. The obligations of the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder under this Section 5
constitute absolute, unconditional and continuing obligations and each Servicer shall be deemed a third-party beneficiary
of these provisions.

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

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

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

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

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

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

 

    	-16-

    	 

    

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

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

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

(viii)      It
is a Qualified Transferee.

8.            Independent
Analyses of each Holder. Each Holder acknowledges that, except for the representations made in Section 7, it has,
independently and without reliance upon any other Holders and based on such documents and information as such Holder has deemed
appropriate, made its own credit analysis and decision to purchase its respective Note. Each Holder hereby acknowledges that the
other Holders shall have no responsibility for (i) the collectability of the Mortgage Loan, (ii) the validity, enforceability
or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to
be furnished in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of
the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Borrower. Each Holder
assumes all risk of loss in connection with its respective Note for reasons other than gross negligence, willful misconduct or
breach of this Agreement by any other Holder or 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 among any Holder (or the Master Servicer, Special Servicer or Trustee on its behalf) and any other
Holder a partnership, association, joint venture or other entity. Each Holder (or the Master Servicer, Special Servicer or Trustee
on its behalf) shall have no obligation whatsoever to offer to the other Holders the opportunity to purchase notes or interests
relating to any future loans originated by such Holder or any of its Affiliates, and if any Holder chooses to offer to any of
the other Holders, the opportunity to purchase notes or interests in any future mortgage loans originated by such Holder or its
Affiliates, such offer shall be at such purchase price and interest rate as such Holder chooses, in its sole and absolute discretion.
None of the Holders shall have any obligation whatsoever to purchase from any other Holder any notes or interests in any future
loans originated by any other Holder or any of its Affiliates.

10.          Not
a Security. None of Note A-1, Note A-2 or Note A-3 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

 

    	-17-

    	 

    

 

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% 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% of its
beneficial interest in its Note unless (i) prior to a Securitization of any Note, the other Holder has consented to such
Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes
under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect
to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for
all purposes under this Agreement, 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. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization)
shall also remake each of the representations and warranties contained herein for the benefit of the other Holder. Notwithstanding
the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such
non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that
has been engaged by the Depositor to rate the securities issued in connection with such Securitization, no Holder shall Transfer
all or any portion of its Note to the Borrower or an Affiliate of a Borrower and any such Transfer shall be absolutely null and
void and shall vest no rights in the purported transferee.

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

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

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

 

    	-18-

    	 

    

 

structured
as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and
conditions of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title
to a Note without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the
Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders agree
to acknowledge receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by
the pledging Holder in respect of its obligations under this Agreement of which default such Holder has actual knowledge and which
notice shall be given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee
a period of ten (10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other Holders
hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment,
modification, waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written
consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall
be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver
or termination within 10 days after 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

 

    	-19-

    	 

    

 

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-1 and Note A-3 under the terms of the Master Repurchase Agreement,
dated as of November 18, 2010, between CCRE LifeCo Loan Seller, L.P., as seller, and MetLife, as buyer, qualifies as a “Pledge”
hereunder and MetLife is a Qualified Transferee, (ii) all of the terms of this Section 12 have been satisfied with respect
to such Pledge, and (iii) MetLife 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 MetLife of Note A-1 and/or Note A-3 (as applicable)
is in effect, MetLife shall have all rights as Note A-1 Holder and Note A-3 Holder (as applicable) under all applicable documentation
and the Note A-1 Holder, Note A-2 Holder, Note A-3 Holder and the Master Servicer and the Special Servicer under the Servicing
Agreement shall recognize MetLife as Note A-1 Holder and/or Note A-3 Holder, as applicable. Notwithstanding the foregoing, no notice
shall be required pursuant to Section 12(b) in connection with the Pledge to MetLife.

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

(b)          The
Lead Servicer and the related Trustee shall not have any fiduciary duty to the Non-Lead Note Holders in connection with the administration
of the Mortgage Loan

 

    	-20-

    	 

    

 

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

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

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

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

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

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

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

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

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

 

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Holder
may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following request,
and shall deliver the related original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note Holder in connection
with the consummation of any such sale.

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

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

 

    	-22-

    	 

    

 

collective
whole) and the Special Servicer has made a reasonable effort to contact the Directing Holder, the Master Servicer or the Special
Servicer, as the case may be, may take any such action without waiting for the Directing Holder’s response.

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

The Directing Holder
shall have no liability to the other Holders or any other Person for any action taken, or for refraining from the taking of any
action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing Agreement, or
errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence.
The Holders agree that the Directing Holder may take or refrain from taking actions, or give or refrain from giving consents, that
favor the interests of one Holder over the other Holder, and that the Directing Holder may have special relationships and interests
that conflict with the interests of another Holder and, absent willful misfeasance, bad faith or gross negligence on the part of
the Directing Holder agree to take no action against the Directing Holder or any of its officers, directors, employees, principals
or agents as a result of such special relationships or interests, and that the Directing Holder will not 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 the Note A-1 PSA, the Note A-2 PSA and the
Note A-3 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement
(including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

16.          Rights
of the Non-Directing Holders. (a) The Note A-1 PSA shall provide that the Servicer shall be required:

(i)           to
provide the same notices, information and reports that it is required to provide to the Directing Holder pursuant to the Servicing
Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan to the Non-Directing Holders (but without regard to whether or not the Directing Holder actually
has lost any rights to receive such

 

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information
as a result of a Consultation Termination Event), within the same time frame as specified with respect to the Directing Holder
(but without regard to whether or not the Directing Holder actually has lost any rights to receive such information as a result
of a Consultation Termination Event), provided, however, that if Note A-1 or Note A-3 has been included in a Securitization
transaction, then for any information for which the Special Servicer would be required to provide to such Non-Directing Holder,
the Special Servicer shall provide such notice to the master servicer of 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 the notice, information and report required
to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holders, whether
or not the Non-Directing Holders have responded within such ten (10) Business Day period (unless the Servicer proposes a new course
of action that is materially different from the action previously proposed, in which case such ten (10) Business Day period shall
be begin anew from the date of such proposal and delivery of all information relating thereto).

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

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

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

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

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

 

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terms
of a Non-Lead Servicing Agreement, the related Non-Lead Master Servicer and/or the related Trustee may be obligated to make P&I
Advances with respect to a Non-Lead Note. The Lead Servicer and/or the related Trustee will not be required to make any P&I
Advance with respect to any Non-Lead Note and the related Non-Lead Master Servicer and/or the related Trustee will not be required
to make any P&I Advance with respect to any Lead Note, 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 made in the manner and from the sources
provided in the Note A-1 PSA, the Note A-2 PSA or the Note A-3 PSA, as applicable.

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

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

(d)          The
parties to each of the Note A-1 PSA, the Note A-2 PSA and the Note A-3 PSA shall each be entitled to make their own recoverability
determination with respect to a P&I Advance based on the information that they have on hand and in accordance with the Note
A-1 PSA, the Note A-2 PSA or the Note A-3 PSA, as applicable.

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

18.          Provisions
Relating to Securitization. (a)  For so long as CCRE or an Affiliate of CCRE (the “Initial Note A-1 Holder”)
is the owner of Note A-2, the Initial Note A-2 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 A-2 Notes”)
reallocating the principal of Note A-2 among other New A-2 Notes; reducing the Interest Rates of such New A-2 Notes or severing
the Note A-2 into one or more further “component”

 

    	-25-

    	 

    

 

notes
in the aggregate principal amount equal to the then outstanding principal balance of Note A-2, provided that (i) the
aggregate principal balance of the New A-2 Notes following such amendments is no greater than the principal balance of Note A-2
prior to such amendments, (ii) all New A-2 Notes continue to have the same or a lower interest rate as the Note A-2 prior
to such amendments, (iii) all New A-2 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 A-2 Holder holding
the New A-2 Notes shall notify the parties to the Note A-1 PSA and the Note A-2 PSA 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, reduction of Interest Rates or such severing of Note
A-2, (2) if Note A-2 is severed into “component” notes, such component notes shall each have their same rights as
the respective original Note and (3) the definition of the term “Securitization” and all of the related defined terms
may be amended (and new terms added, as necessary) to reflect the New A-2 Notes. Rating Agency Confirmation shall not be required
for any amendments to this Agreement required to facilitate the terms of this paragraph 18(a).

(b)          For
so long as CCRE or an Affiliate of CCRE (the “Initial Note A-3 Holder”) is the owner of Note A-3, the Initial
Note A-3 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 A-3 Notes”) reallocating the principal of Note A-3
among other New A-3 Notes; reducing the Interest Rates of such New A-3 Notes or severing the Note A-3 into one or more further
“component” notes in the aggregate principal amount equal to the then outstanding principal balance of Note A-3, provided
that (i) the aggregate principal balance of the New A-3 Notes following such amendments is no greater than the principal balance
of Note A-3 prior to such amendments, (ii) all New A-3 Notes continue to have the same or a lower interest rate as the Note
A-3 prior to such amendments, (iii) all New A-3 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 A-3 Holder holding
the New A-3 Notes shall notify the parties to the Note A-1 PSA and the Note A-3 PSA 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, reduction of Interest Rates or such severing of Note
A-3, (2) if Note A-3 is severed into “component” notes, such component notes shall each have their same rights as the
respective original Note and (3) the definition of the term “Securitization” and all of the related defined terms may
be amended (and new terms added, as necessary) to reflect the New A-3 Notes. Rating Agency Confirmation shall not be required for
any amendments to this Agreement required to facilitate the terms of this paragraph 18(b).

(c)          Each
Non-Lead Servicing Agreement shall provide that:

(i)           the
applicable master servicer or Trustee for such Securitization shall be required to notify the master servicer, special servicer
and Trustee of each other

 

    	-26-

    	 

    

 

Securitization
of the amount of any P&I Advance it has made with respect to the Note included in such Securitization within two Business
Days of making such advance;

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

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

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

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

 

    	-27-

    	 

    

 

required
to make any Advances) and (2) the indemnification of the Special Servicer against any claims, losses, penalties, fines, forfeitures,
legal fees and related costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA
and relating to such Non-Lead Note; and

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

(d)          (1)          The
Note A-2 Holder shall give the Depositor, the Servicer, and the Special Servicer under the Note A-1 PSA (provided that party is
not also a party to the Note A-2 PSA) notice of the Note A-2 Securitization in writing (which may be by email) prior to or promptly
following the Note A-2 Securitization Date. Such notice shall contain contact information for each of the parties of the Note A-2
PSA and the identity of the Controlling Class Representative under such Note A-2 PSA. In addition, after the Note A-2 Securitization
Date, the Note A-2 Holder shall send a copy of the Note A-2 PSA to the Depositor, the Servicer, and the Special Servicer under
the Note A-1 PSA.

(2)           The
Note A-3 Holder shall give the Depositor, the Servicer, and the Special Servicer under the Note A-1 PSA (provided that party is
not also a party to the Note A-3 PSA) notice of the Note A-3 Securitization in writing (which may be by email) prior to or promptly
following the Note A-3 Securitization Date. Such notice shall contain contact information for each of the parties of the Note A-3
PSA and the identity of the Controlling Class Representative under such Note A-3 PSA. In addition, after the Note A-3 Securitization
Date, the Note A-3 Holder shall send a copy of the Note A-3 PSA to the Depositor, the Servicer, and the Special Servicer under
the Note A-1 PSA.

(e)          The
Note A-1 PSA shall provide that:

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

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

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

(iv)         the
Master Servicer agrees to deliver to each master servicer under a Non-Lead Servicing Agreement CREFC® Investor Reporting
Package® pursuant to the terms of the Servicing Agreement on a monthly basis;

 

    	-28-

    	 

    

(v)          the
Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, certificate administrator or other party acting
as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and servicing
function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged by it to deliver),
to the parties to any Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports, certifications, compliance
statements, accountants’ assessments and attestations, information to be included in reports (including, without limitation,
Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of the other Servicing Agreements as the parties
to each Non-Lead Securitization may require in order to comply with their obligations under the Securities Act of 1933, as amended,
Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law. Without limiting
the generality of the foregoing, each Lead Note Holder for a Lead Securitization shall provide in a timely manner to the depositor
and the Trustee for any prior Securitization a copy of the Lead Securitization Servicing Agreement and each Lead Servicer (at the
expense of the Lead Note Holder) will be required, upon prior written request, to provide to the depositor and the Trustee for
any prior Securitization any other information required to comply in a timely manner with applicable filing requirements under
Items 1.01 and 6.02 of Form 8-K any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion
in any disclosure document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and, in the case of clauses
(x) and (y) and with respect to the Lead Servicers, upon prior written request, market indemnification agreements, opinions and
Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization. As used in this Agreement,
“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§  229.1100-229.1123,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the United
States Securities and Exchange Commission (the “Commission”) in the adopting release (Asset-Backed Securities,
Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506,1,631 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided
by the Commission or its staff time to time. The Master Servicer, any primary servicer and the Special Servicer, upon prior written
request, shall each be required to provide certification and indemnification to each Certifying Person with respect to the Sarbanes-Oxley
Certification (or analogous terms) as such terms are defined in the related Non-Lead Servicing Agreements;

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

(vii)        any
late collections received by the Master Servicer from the Borrower for which a P&I Advance has already been paid by a master
servicer or trustee under a Non-Lead Servicing Agreement shall be remitted by the Master Servicer to such master servicer or Trustee
under a Non-Lead Servicing Agreement, as applicable, within one Business Day of receipt thereof;

 

    	-29-

    	 

    

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

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

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

20.          Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
Additionally, from and after a Securitization, except to cure any ambiguity or to correct any error or as set forth in Section
18(a), this Agreement may not be modified unless a Rating Agency Confirmation has been delivered with respect to each Securitization.

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

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

23.          Captions.
The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference only and are not intended
to summarize or

 

    	-30-

    	 

    

 

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 Note A-2 and Note A-3) will be
held by the Note A-1 Trustee (or by a custodian on its behalf) under the terms of the Note A-1 PSA on behalf of all of the Holders.

[NO FURTHER TEXT ON THIS PAGE]

 

    	-31-

    	 

    

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

 

	 	Note A-1 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	 /s/ Gary Stellato
	 	 	Name:  Gary Stellato
	 	 	Title: Secretary

 

NMS
Multifamily Portfolio II Co-Lender Agreement

 

    	 

    	 

    

 

	 	Note A-2 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	 /s/ Gary Stellato
	 	 	Name:  Gary Stellato
	 	 	Title: Secretary

 

NMS
Multifamily Portfolio II Co-Lender Agreement

 

    	 

    	 

    

 

	 	Note A-3 Holder:
	 	 	 
	 	CANTOR COMMERCIAL REAL ESTATE LENDING, L.P.
	 	 	 
	 	By:	 /s/  Gary Stellato
	 	 	Name:  Gary Stellato
	 	 	Title: Secretary

 

NMS
Multifamily Portfolio II Co-Lender Agreement 

 

    	 

    	 

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

A.          Description
of Mortgage Loan

	Borrowers:	
        NMS 1539, LLC

        NMS 1548, LLC

        NMS 1759, LLC

        NMS Superior Apartments, LLC

        NMS Warner Center, LLC

        NMS Northridge, LLC

	Mortgage Loan Origination Date:  	August 21, 2015
	Initial Principal Amount of Mortgage Loan:	$120,000,000
	Co-Lender Closing Date Mortgage Loan Principal Balance:	$120,000,000
	Location of Mortgaged Properties:	Los Angeles
	Current Use of Mortgaged Property:	Multifamily
	Mortgage Interest Rate:	
        Note A-1:          4.938%

        Note A-2:          4.938%

        Note A-3:          4.938%

	Maturity Date:	September 6, 2025

 

    	A-1

    	 

    

 

B.          Description
of Notes

 

	Mortgage Loan Origination Date:	August 21, 2015
	Initial Note A-1 Principal Balance:	$65,000,000
	Initial Note A-2 Principal Balance:	$30,000,000
	Initial Note A-3 Principal Balance:	$25,000,000
	Initial Note A-1 Percentage Interest:	54.17%
	Initial Note A-2 Percentage Interest:	25.00%
	Initial Note A-3 Percentage Interest:	20.83%
	Note A-1 Interest Rate:	4.938%
	Note A-2 Interest Rate:	4.938%
	Note A-3 Interest Rate:	4.938%
	Note A-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-2 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-3 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate

 

    	A-2

    	 

    

 

EXHIBIT
B

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

Cantor Commercial Real Estate Lending,
L.P.

110 East 59th Street, 6th Floor

New York, New York 10022

Attention: Legal Department

Facsimile No.: (212) 610-362

E-Mail: legal@ccre.com

with a copy to:

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Lisa Pauquette, Esq.

Facsimile No.: (212) 504-6666

with a copy to:

Berkeley Point Capital LLC

One Beacon Street, 14th Floor

Boston, Massachusetts 02108

Attention: Nancy Navarro, Vice President, Servicing Department

Facsimile No.: (617) 275-7574

 

    	B-1

    	 

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

 

    	C-1Exhibit 4.4

 

	 EXECUTION
    VERSION
	 

 

CO-LENDER
AGREEMENT

 

Dated
as of September 6, 2015

 

by
and between

 

GERMAN
AMERICAN CAPITAL CORPORATION

(Initial Note A-1 Holder),

 

MORGAN
STANLEY BANK, N.A.

(Initial Note A-2 Holder),

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION

(Initial Note A-3 Holder),

 

GERMAN
AMERICAN CAPITAL CORPORATION

(Initial Note B-1 Holder),

 

MORGAN
STANLEY BANK, N.A.

(Initial Note B-2 Holder),

 

and

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION

(Initial Note B-3 Holder)

 

	 	 	 
	 	 	 
	Commercial Mortgage Loan
    in the Principal Amount of $1,075,000,000
	Secured by 11 Madison Avenue,
    New York, New York
	 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	 

    	 

    

 

THIS
CO-LENDER AGREEMENT (this “Agreement”) is dated as of September 6, 2015, between GERMAN AMERICAN CAPITAL
CORPORATION (“GACC”, in its capacity as initial owner of Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1,
Note A-1-C2 and Note A-1-C3 described below, the “Initial Note A-1 Holder”), MORGAN STANLEY BANK, N.A. (“MSBNA”,
in its capacity as initial owner of Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and Note A-2-C2 described below, the “Initial
Note A-2 Holder”) WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”, in its capacity as initial
owner of Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and Note A-3-C2 described below, the “Initial Note A-3 Holder”),
GACC (in its capacity as initial owner of Note B-1-S described below, the “Initial Note B-1 Holder”), MSBNA
(in its capacity as initial owner of Note B-2-S described below, the “Initial Note B-2 Holder”) and Wells Fargo
(in its capacity as initial owner of Note B-3-S described below, the “Initial Note B-3 Holder”; the Initial
Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note B-1 Holder, the Initial Note B-2 Holder
and the Initial Note B-3 Holder are referred to collectively herein as the “Initial Note Holders”).

W
I T N E S S E T H:

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), GACC, MSBNA and Wells Fargo originated a certain loan (the “Mortgage
Loan” or “Whole Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage
Loan Schedule”) to the mortgage loan borrowers described on the Mortgage Loan Schedule (together with its successors
and permitted assigns, the “Mortgage Loan Borrower”), in the original aggregate principal amount of $1,075,000,000.00,
which is evidenced, inter alia, by the following nineteen (19) promissory notes, each dated as of August 18, 2015:

(a)
that certain Promissory Note A-1-S1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $75,720,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-S1”),

(b)
that certain Promissory Note A-1-S2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $75,720,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-S2”),

(c)
that certain Promissory Note A-1-S3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $75,720,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-S3” and, together
with Note A-1-S1 and Note A-1-S2, the “GACC Standalone A Notes”),

(d)
that certain Promissory Note A-2-S1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $33,127,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-S1”),

(e)
that certain Promissory Note A-2-S2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $33,127,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-S2”),

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(f)
that certain Promissory Note A-2-S3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $33,127,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-S3” and, together
with Note A-2-S1 and Note A-2-S2, the “MSBNA Standalone A Notes”),

(g)
that certain Promissory Note A-3-S1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $23,662,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-S1”),

(h)
that certain Promissory A-3-S2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $23,662,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-S2”),

(i)
that certain Promissory Note A-3-S3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $23,662,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-S3” and, together
with Note A-3-S1 and Note A-3-S2, the “Wells Fargo Standalone A Notes” and, together with the GACC Standalone
A Notes and the MSBNA Standalone A Notes, the “Standalone A Notes”),

(j)
that certain Promissory Note A-1-C1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $70,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C1”),

(k)
that certain Promissory Note A-1-C2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $70,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C2”),

(l)
that certain Promissory A-1-C3 evidencing a senior interest in the Mortgage Loan in the original principal amount of $69,600,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-1-C3” and, together
with Note A-1-C1 and Note A-1-C2, the “GACC Non-Standalone Notes”),

(m)
that certain Promissory Note A-2-C1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $50,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-C1”),

(n)
that certain Promissory Note A-2-C2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $41,700,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-2-C2” and, together
with Note A-2-C1, the “MSBNA Non-Standalone Notes”),

(o)
that certain Promissory Note A-3-C1 evidencing a senior interest in the Mortgage Loan in the original principal amount of $35,000,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-C1”),

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(p)
that certain Promissory Note A-3-C2 evidencing a senior interest in the Mortgage Loan in the original principal amount of $30,500,000.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note A-3-C2” and, together
with Note A-3-C1, the “Wells Fargo Non-Standalone Notes” and, together with the GACC Non-Standalone Notes and
the MSBNA Non-Standalone Notes, the “Non-Standalone Notes”),

(q)
that certain Promissory Note B-1-S evidencing a junior interest in the Mortgage Loan in the original principal amount of $177,525,714.29
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B-1” and, together
with the GACC Standalone A Notes, the “GACC Standalone Notes”),

(r)
that certain Promissory Note B-2-S evidencing a junior interest in the Mortgage Loan in the original principal amount of $77,667,500.00
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B-2” and, together
with the MSBNA Standalone A Notes, the “MSBNA Standalone Notes”), and

(s)
that certain Promissory Note B-3-S evidencing a junior interest in the Mortgage Loan in the original principal amount of $55,476,785.71
(as such may be extended, renewed, replaced, restated or modified from time to time, “Note B-3” and, together
with the Wells Fargo Standalone A Notes, the “Wells Fargo Standalone Notes”). Note B-1, Note B-2 and Note B-3
are collectively referred to herein as the “Standalone B Notes” and, together with the Standalone A Notes,
the “Standalone Notes” and, together with the Non-Standalone Notes, the “Notes”;

WHEREAS,
payment of the Notes is secured by, among other things, a certain Mortgage (as defined in the Mortgage Loan Agreement), dated
as of August 18, 2015 (as such may have been amended or restated to the date hereof and may hereafter be further amended, restated,
supplemented or otherwise modified from time to time, the “Mortgage”), encumbering the fee simple interests
in 27 condominium units and leasehold interests (with the reversionary right to the fee simple interests related to such leasehold
interests) in 9 condominium units of the Mortgage Loan Borrowers in a 29-story Class A office building consisting of approximately
2,285,043 square feet and located at 11 Madison Avenue, New York, New York (together with all improvements and fixtures thereon)
(the “Mortgaged Property”);

WHEREAS,
with respect to the Mortgage Loan:

(a)          GACC
intends to transfer the GACC Standalone Notes to Deutsche Mortgage & Asset Receiving Corporation (together with its permitted
successors and assigns, the “Depositor”) pursuant to the Trust Loan Purchase Agreement between GACC and the
Depositor, MSBNA intends to transfer the MSBNA Standalone Notes to an affiliate, Morgan Stanley Mortgage Capital Holdings LLC
(“MSMCH”), who will subsequently transfer the MSBNA Standalone Notes to the Depositor pursuant to the Trust
Loan Purchase Agreement between MSBNA and the Depositor, and Wells Fargo intends to transfer the Wells Fargo Standalone Notes
to the Depositor pursuant to the Trust Loan Purchase Agreement between Wells Fargo and the Depositor, respectively,

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    Agreement
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and the Depositor
intends to transfer the Standalone Notes (the “Trust Loan”) to Wilmington Trust, National Association, as trustee
(in such capacity, together with its permitted successors and assigns, the “Trustee”) for a securitization
(such securitization, the “Lead Securitization”) involving the issuance of the MAD 2015-11MD Mortgage Trust
Commercial Mortgage Pass-Through Certificates pursuant to the Trust and Servicing Agreement, dated as of September 6, 2015 (the
“Lead Securitization Servicing Agreement”), between the Depositor, KeyBank National Association,
as master servicer (in such capacity, together with its permitted successors and assigns, the “Master Servicer”),
and special servicer (in such capacity, together with its permitted successors and assigns, the “Special Servicer”),
the Trustee and Wells Fargo Bank, National Association, as certificate administrator, paying agent and custodian and, upon such
transfer, the Trustee will be become the holder of the Standalone Notes, and

(b)           each
Non-Standalone Note Holder expects to contribute its respective Non-Standalone Notes, whether in each such Note’s current
form or as multiple replacement promissory notes, into one or more securitization transactions;

WHEREAS,
the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial A-3 Holder, the Initial Note B-1 Holder, the Initial B-2
Holder and the Initial Note B-3 Holder desire to enter into this Agreement to memorialize the terms under which they, and their
successors and assigns, shall hold the Notes, respectively.

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

1.          Definitions;
Conflicts. References to a “Section” or the “recitals” are, unless otherwise specified, to a Section
or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in
the Mortgage Loan Agreement or the Lead Securitization Servicing Agreement, as applicable. Except as set forth in Section 4 of
this Agreement, to the extent of any inconsistency between terms defined in this Agreement and the Servicing Agreement, the Servicing
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”: Any default arising when the Mortgage Loan Documents require that the Mortgage Loan Borrowers shall
maintain all risk casualty insurance or other insurance that covers damages or losses arising from acts of terrorism and the Special
Servicer has determined, in its reasonable judgment in accordance with the Accepted Servicing Practices, that (i) such insurance
is not available at commercially reasonable rates and the subject hazards are not commonly insured against by prudent owners of
similar real properties located in or near the geographic region in which the Mortgaged Property is located (but only by reference
to such insurance that has been obtained by such owners at current market rates) or (ii) such insurance is not available at any
rate. In making this determination, the Special Servicer, to the extent consistent with the Accepted Servicing Practices, may
rely on the opinion of an insurance consultant.

“Accepted
Servicing Practices” shall mean:

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(i)
prior to the Lead Securitization Date, the obligation of the Servicer to service and administer the Mortgage Loan in accordance
with this Agreement, the Notes and the Loan Documents solely in the best interests and for the benefit of the Holders (as a collective
whole), exercising the higher of (x) the same manner in which, and with the same care, skill, prudence and diligence with which
the Servicer services and administers similar mortgage loans for other third party portfolios, and manages and administers REO
Property for other third party portfolios giving due consideration to customary and usual standards of practice of prudent institutional
commercial lenders servicing their own loans and managing REO Properties for their own account and (y) the same care, skill, prudence
and diligence which the Servicer utilizes for loans which the Servicer owns for its own account, in each case, acting in accordance
with applicable law, the terms of this Agreement and the Mortgage Loan Documents and with a view to the maximization of timely
recovery of principal and interest on a net present value basis on the Mortgage Loan, but without regard to:

(A)          any
relationship that the Servicer or any Affiliate of the Servicer may have with the Mortgage Loan Borrowers or any Affiliates of
the Mortgage Loan Borrowers;

(B)          the
ownership of any interest in the Mortgage Loan or any certificate issued or to be issued in connection with a Securitization by
the Servicer or any Affiliate of the Servicer;

(C)          the
ownership of any junior indebtedness with respect to the Mortgaged Property by the Servicer or any Affiliate of the Servicer;

(D)          the
Servicer’s obligation to make Advances as specified herein or otherwise incur servicing expenses with respect to the Mortgage
Loan;

(E)          the
Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction;

(F)          the
ownership, or servicing or management for others, by the Servicer or any sub-servicer, of any other mortgage loans or properties;
or

(G)          the
right of the Servicer or any sub-servicer
to receive reimbursement of costs; and 

(ii)
from and after the Lead Securitization Date, the meaning assigned to the term “Accepted Servicing Practices” or “Servicing
Standard” or any analogous term in the Lead Securitization Servicing Agreement.

“Additional
Servicing Compensation” shall mean any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout
Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

“Advance”
means a Property Advance or a P&I Advance, as the context may require.

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“Advance
Interest Amount” shall mean the amount of interest accrued and unpaid on any Property Advance pursuant to the terms
of the Servicing Agreement.

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

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

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

“Applicable
Interest Rate” shall mean the Note A Interest Rate or the Note B Interest Rate, as the case may be.

“Appraisal”
shall mean an appraisal with respect to the Mortgaged Property conducted in accordance with the standards of the Appraisal Institute
by an Appraiser and certified by such Appraiser as having been prepared in accordance with the requirements of the Standards of
Professional Practice of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice of the Appraisal
Foundation, as well as FIRREA.

“Appraisal
Reduction Amounts” shall mean:

(i)
prior to the Lead Securitization Date, for any Remittance Date as to which an Appraisal Reduction Event has occurred, an amount
equal to the excess, if any, of (a) the sum of (1) the Mortgage Loan Principal Balance as of the immediately preceding Monthly
Payment Date, (2) to the extent not previously advanced by the Servicer or any other Holder as an Advance under Section 9
or Section 11(b), all accrued and unpaid interest on the Mortgage Loan at a per annum rate equal to the Applicable
Interest Rate on each of the Notes, (3) all unreimbursed Advances, with interest thereon at the Advance Rate in respect of the
Mortgage Loan, and (4) all currently due and unpaid real estate taxes, ground rents and assessments and insurance premiums (less
any amounts held in escrow for such items) and all other amounts (not including any default interest, Penalty Charges, Prepayment
Premiums, liquidated damage amounts or other similar fees or charges) currently due and unpaid with respect to the Mortgage Loan
(which taxes, premiums and other amounts have not been the subject of an Advance by the Servicer), over (b) an amount equal
to ninety percent (90%) of the appraised value of the Mortgaged Property as determined by the most recent Updated Appraisal obtained
by the Servicer (the cost of which shall be advanced by such Servicer as an Advance), minus the 

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 dollar amount of any liens on the Mortgaged Property that are prior to the lien of the Mortgage (other than the liens for
any items set forth in the immediately preceding clause (a)(4) which have been insured or bonded over by Qualified Insurers, plus
(without duplication of any amounts held in escrow deducted in clause (a)(4) above) the aggregate of all reserves, letters
of credit and escrows held in connection with the Mortgage Loan to the extent that such reserves, letters of credit and escrows
are permitted to be used by the Servicer in reduction of the Mortgage Loan); and

(ii)
from and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Lead Securitization
Servicing Agreement.

“Appraisal
Reduction Event” shall mean:

(i)
prior to the Lead Securitization Date, the earliest to occur of any of the following: (a) 60 days after an uncured payment delinquency
(other than a delinquency in respect of the Balloon Payment) occurs in respect of the Mortgage Loan, (b) 90 days after an uncured
delinquency occurs in respect of the Balloon Payment for the Mortgage Loan unless a refinancing is anticipated within 120 days
after the Maturity Date of the Mortgage Loan (as evidenced by a written and binding refinancing commitment from an acceptable
lender and reasonably satisfactory in form and substance to the Servicer, and the Controlling Holder, which provides that such
refinancing shall occur within 120 days after the Maturity Date, in which case 120 days after such uncured delinquency, (c) 60
days after a reduction in monthly debt service payments or a material adverse economic change with respect to the terms of the
Mortgage Loan has become effective, (d) 60 days after an extension of the Maturity Date of the Mortgage Loan (except for an extension
within the time periods described in clause (b) above), (e) 60 days after a receiver has been appointed in respect of the
Mortgaged Property securing the Mortgage Loan on behalf of the Lender or any other creditor, (f) immediately after any Mortgage
Loan Borrower declares, or becomes the subject of, bankruptcy, insolvency or similar proceeding, admits in writing the inability
to pay its debts as they come due or makes an assignment for the benefit of creditors unless such action is dismissed within 45
days, or (g) immediately after the Mortgaged Property securing the Mortgage Loan becomes an REO Property; and

(ii)
from and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Servicing Agreement.

In
addition to the foregoing, each Note B Holder shall have the right, at its sole expense, to require the Special Servicer to order
an additional Appraisal of the Mortgage Loan if an event has occurred at or with regard to the Mortgaged Property that would have
a material effect on its appraised value, and the Special Servicer will be required to use its reasonable best efforts to ensure
that such Appraisal is delivered within 30 days from receipt of such Note B Holder’s written request and to ensure that
such Appraisal is prepared on an “as is” basis by an Appraiser in accordance with MAI standards; provided,
that the Special Servicer will not be required to obtain such Appraisal if (i) the Special Servicer determines in accordance with
Accepted Servicing Practices that no events at or with regard to the Mortgaged Property have

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occurred that would have a material
effect on such appraised value of the Mortgaged Property or (ii) a Note B Holder had ordered an Appraisal in the past 9 months.
Upon receipt of an Appraisal requested by a Note B Holder pursuant to this definition of “Appraisal Reduction Event”
and any other information reasonably requested by the Special Servicer from the Servicer reasonably required to calculate or recalculate
the Appraisal Reduction Amount, the Special Servicer will be required to determine, in accordance with Accepted Servicing Practices,
whether, based on its assessment of such additional Appraisal, any recalculation of the Appraisal Reduction Amount is warranted
and, if so warranted, will be required to recalculate such Appraisal Reduction Amount based upon such additional Appraisal.

“Appraiser”
shall mean an independent appraiser, selected by the Servicer, as applicable, that is a member in good standing of the Appraisal
Institute and that is certified or licensed in the state in which the Mortgaged Property is located, and who has a minimum of
five (5) years’ experience in the appraisal of comparable properties in the geographic area in which such Mortgaged Property
is located.

“Approved
Bank” shall mean a domestic financial institution which (A) prior to a Securitization, has long term unsecured debt
obligations of which are rated not less than “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s
or the short-term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1”
by Moody’s and (B) after a Securitization, has long term long unsecured debt obligations and/or short term obligations which
meet the applicable rating requirements of the Rating Agencies.

“Balloon
Payment” shall mean, with respect to the Mortgage Loan, the payment of principal due on its scheduled Maturity Date.

“Bankruptcy
Code” shall mean the United States Bankruptcy Code (11 U.S.C. Sec.101 et seq.), or any similar statute, law, rules,
regulations or similar legal requirements of any other applicable jurisdiction, in each case, as amended from time to time or
any successor statute or rule promulgated thereto.

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

“Certificate
Administrator” shall have the meaning assigned to such term in the recitals of this Agreement.

“CLO
Asset Manager” with respect to any Securitization Vehicle which is a CLO, shall mean the entity which is responsible
for managing or administering the applicable Note or an interest therein 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).

“Closing
Date” shall mean August 18, 2015.

“Code”
shall have the meaning assigned to such term in Section 4(h).

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“Collection
Account” shall mean with respect to the Mortgage Loan, an account in which amounts received in respect of the Mortgage
Loan are segregated (by ledger entries or otherwise) and held for the benefit of the Holders.

“Commission”
means the United States Securities and Exchange Commission.

“Common
Control Party” shall have the meaning given to such term in the definition of “Affiliate.”

“Control
Appraisal Event” shall be deemed to have occurred with respect to each Note B, if and so long as (a) (1) the Initial
Note B Principal Balance, minus (2) the sum of (x) any payments of principal (whether as Prepayments or otherwise) allocated
to, and received on, any Note B, (y) any Appraisal Reduction Amounts allocated to any Note B in accordance with the terms of this
Agreement, and (z) any Realized Losses with respect to the Mortgage Loan to the extent allocated to Note B, is less than (b) twenty-five
percent (25%) of the Initial Note B Principal Balance.

“Controlling
Class Representative” shall have the meaning, if any, given such term in the Lead Securitization Servicing Agreement.

“Controlling
Holder” shall mean, as of any date of determination:

(i)           prior
to the Lead Securitization Date,

(x)          jointly,
the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, unless (x) a Control Appraisal Event has occurred and
is continuing with respect to Note B, or (y) either of Note B-1, Note B-2 or Note B-3 is held by a Mortgage Loan Borrower or a
Mortgage Loan Borrower Related Party, or

(y)          if
no Control Appraisal Event has occurred and is continuing, but either of Note B-1, Note B-2 or Note B-3 is held by a Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, then each Holder of a Note B that is not held by a Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party, or

(z)          if
a Control Appraisal Event has occurred and is continuing with respect to Note B, or if each of Note B-1, Note B-2 and Note B-3
are held by a Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, then jointly, the Note A-1 Holder, the Note A-2
Holder and the Note A-3 Holder; provided that:

(1)          if
a Control Appraisal Event occurs, then for the purposes of determining whether the Control Appraisal Event is continuing, the
outstanding Principal Balance of each Note B shall be adjusted (up or down, as applicable) to reflect the then current Appraisal

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Reduction Amount, if any, indicated by any subsequently obtained Appraisal(s);

(2)          in
the event that a Note held by the Controlling Holder pursuant to this definition is held by more than one Person, (1) the Holder(s)
of at least a 51% interest therein may act as the Controlling Holder hereunder and (2) any ownership interest held by a Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed to equal zero for the purposes of determining which owners
can exercise the rights of the Controlling Holder hereunder;

(3)          the
Controlling Holder shall be entitled to appoint any Person to act on its behalf in exercising the rights of the Controlling Holder
hereunder and under the Servicing Agreement provided that such appointment is communicated in writing to the Lead Securitization
Note Holder and any Servicer acting on its behalf. Such designation shall remain in effect until it is revoked by the Controlling
Holder by a writing delivered to the parties hereto; and

(ii)
from and after the Lead Securitization Date, the Lead Securitization Trust.

“Controlling
Holder Repurchase Notice” shall have the meaning set forth in Section 11.

“Corrected
Mortgage Loan” shall mean:

(i)
prior to the Lead Securitization Date, the meaning assigned in the definition herein of “Specially Serviced Mortgage Loan”;
and

(ii)
from and after the Lead Securitization Date, the meaning assigned to such term or any analogous term in the Lead Securitization
Servicing Agreement.

“Costs”
shall mean all out-of-pocket costs, fees, expenses, Property Advances, interest, payments, losses, liabilities, judgments and/or
causes of action reasonably suffered or incurred or reasonably paid by a Holder (or any Servicer or other party (including a securitization
trustee, custodian and/or certificate administrator) acting on behalf of such Holder) pursuant to or in connection with the enforcement
and administration of the Mortgage Loan, the Mortgage Loan Documents (not including any Servicing Fees, Special Servicing Fees,
Workout Fees, Liquidation Fees or Additional Servicing Compensation), the Mortgaged Property, this Agreement, including, without
limitation, attorneys’ fees and disbursements, taxes, assessments, insurance premiums and other protective advances, except
for those resulting from the gross negligence or willful misconduct of such Holder (or any Servicer or other party (including
a securitization trustee) acting on behalf of such Holder)); provided, however, that none of the following shall
be included or deemed to be “Costs”: (i) the costs and expenses relating to the origination or securitization of any
Note, including the payment of any securitization trustee fee,

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(ii) the day-to-day customary and usual, ordinary costs of servicing
and administering the Mortgage Loan, (iii) insofar as any Note is an asset of a Securitization
Trust and as such to the extent the following amounts are allocable to such Note under the terms of the related Securitization
documents: (a) any fees, costs or expenses related to the reporting and compliance with the REMIC Provisions or any provisions
of the Code relating to the creation or administration of a grantor trust relating to a Securitization Trust, including the determination
related to the amount, payment or avoidance of any REMIC or grantor trust tax on a Securitization Trust or its assets or transactions,
(b) any fees, costs or expenses incurred in connection with any audit or any review of the related Securitization Trust or its
assets or transactions by the Internal Revenue Service or other governmental authority, (c) any REMIC or grantor trust taxes imposed
on the related Securitization Trust or its assets or transactions, or (d) any advance made by a party to related Securitization
in respect of a delinquent monthly debt service payment on such Note or any interest accrued on such advance.

“Cure
Payment” shall have the meaning set forth in Section 11(b).

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

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum of the following, without duplication, the sum of (i) the Note A Principal
Balance (as of the date of purchase), (ii) accrued and unpaid interest on the Note A Principal Balance at the Note A Interest
Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Monthly Payment Date, up to (but excluding)
the Monthly Payment Date next succeeding the date of purchase, provided payment is made in good funds by 3:00 p.m. New
York local time, (iii) any Property Advances that have not been reimbursed from collections on the Mortgage Loan and the related
Advance Interest Amount (but excluding any portion of such Property Advance that was made by a Note B Holder and any interest
thereon), (iv) any interest accrued on any P&I Advance made on any Note A by a party to the Lead Securitization Servicing
Agreement or a Non-Lead Securitization Servicing Agreement, as applicable, at the rate specified in the related servicing agreement;
(v) any accrued and unpaid Servicing Fees, trustee fees, certificate administrator fees, Special Servicing Fees, Workout Fees,
Liquidation Fees and Additional Servicing Compensation, and (vi) any unreimbursed Costs incurred by any Note A Holder or any party
acting on its behalf (which are not included in the preceding clauses of this paragraph).

Subject
to the terms of Section 20(h) of this Agreement, the Defaulted Mortgage Loan Purchase Price, in the context of the initial
offer for sale of REO Property or a Specially Serviced Mortgage Loan (to a party other than a Note B Holder) pursuant to the terms
of Section 20(g) of this Agreement, shall, in addition to the amounts specified in the preceding paragraph, include the
sum of (i) the Note B Principal Balance (as of the date of purchase), (ii) the accrued and unpaid interest on the Note B Principal
Balance at the Note B Interest Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Monthly
Payment Date, up to (but excluding) the Monthly Payment Date next succeeding the date of purchase, provided payment is made in
good funds by 3:00 PM New York local time, (iii) any unreimbursed Property Advances made by a Note B Holder and the
related Advance Interest Amount, (iv) any interest accrued on any P&I Advance made by a party to the Lead Securitization Servicing
Agreement in respect of Note B at the rate specified in the Lead Securitization Servicing

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Agreement; and (v) any
unreimbursed Costs incurred by a Note B Holder or any party acting on its behalf (which are not included in the preceding paragraph
or the preceding clauses in this paragraph).

In
determining the Defaulted Mortgage Loan Purchase Price, amounts payable by the Mortgage Loan Borrowers as a Prepayment Premium,
default interest, Penalty Charges and other similar fees and the value of such amounts shall not be included, unless a Note B
Holder is one or more of the Mortgage Loan Borrowers or a Mortgage Loan Borrower Related Party upon the occurrence of any event
which requires a Repurchase Option Notice pursuant to Section 11 of this Agreement.

“Depositor”
shall have the meaning assigned to such term in the recitals of this Agreement.

“Directing
Holder” shall have the meaning set forth in Section 21(a).

“Eligibility
Requirements” shall mean, with respect to any Person, that such Person has at least $200,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm or similar fiduciary) and at least $600,000,000
in total assets (in name or under management), and is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein), mezzanine loans (or interests therein) or commercial loans (or interests therein) similar to the
Mortgage Loan.

“Environmental
Law” shall mean any present or future federal, state or local law, statute, regulation or ordinance, any judicial or
administrative order or judgment thereunder, pertaining to health, industrial hygiene, hazardous substances or the environment,
including, but not limited to, each of the following, as enacted as of the date hereof or as hereafter amended: the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601 et seq.; the Resource Conservation
and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.; the Toxic Substance Control Act, 15 U.S.C. §§ 2601 et
seq.; the Water Pollution Control Act (also known as the Clean Water Act, 22 U.S.C. §§ 1251 et seq.), the Clean Air
Act, 42 U.S.C. §§ 7401 et seq. and the Hazardous Materials Transportation Act, 49 U.S.C. §§ 1801 et seq.

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

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

“GACC”
shall have the meaning assigned to such term in the recitals of this Agreement.

“GACC
Non-Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“GACC
Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

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“GACC
Standalone A Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

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

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

“Initial
Note A Principal Balance” shall mean collectively, the Initial Note A-1 Principal Balance, the Initial Note A-2 Principal
Balance and the Initial Note A-3 Principal Balance, in the aggregate.

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

“Initial
Note A-1 Principal Balance” with respect to Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2 and Note
A-1-C3, shall mean Initial Note A-1-S1 Principal Balance, Initial Note A-1-S2 Principal Balance, Initial Note A-1-S3 Principal
Balance, Initial Note A-1-C1 Principal Balance, Initial Note A-1-C2 Principal Balance and/or Initial Note A-1-C3 Principal Balance,
respectively, and shall have the meaning assigned to such term in the Mortgage Loan Schedule.

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

“Initial
Note A-2 Principal Balance” with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and Note A-2-C2, shall
mean Initial Note A-2-S1 Principal Balance, Initial Note A-2-S2 Principal Balance, Initial Note A-2-S3 Principal Balance, Initial
Note A-2-C1 Principal Balance and Initial Note A-2-C2 Principal Balance, respectively, and shall have the meaning assigned to
such term in the Mortgage Loan Schedule.

“Initial
Note A-3 Holder” shall mean Wells Fargo.

“Initial
Note A-3 Principal Balance” with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and Note A-3-C2, shall
mean Initial Note A-3-S1 Principal Balance, Initial Note A-3-S2 Principal Balance, Initial Note A-3-S3 Principal Balance, Initial
Note A-3-C1 Principal Balance and Initial Note A-3-C2 Principal Balance, respectively, and shall have the meaning assigned to
such term in the Mortgage Loan Schedule.

“Initial
Note B Holder” shall mean collectively, the Initial Note B-1 Holder, the Initial Note B-2 Holder and the Initial Note
B-3 Holder.

“Initial
Note B Principal Balance” shall mean collectively, the Initial Note B-1 Principal Balance, the Initial Note B-2 Principal
Balance and the Initial Note B-3 Principal Balance, in the aggregate.

“Initial
Note B-1 Holder” shall mean GACC.

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

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“Initial
Note B-2 Holder” shall mean MSBNA.

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

“Initial
Note B-3 Holder” shall mean Wells Fargo.

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

“Interim
Servicer” shall mean the master servicer (or single servicer) appointed jointly by the Initial Note Holders under this
Agreement and any successor master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall
be a Qualified Servicer. The initial Interim Servicer shall be KeyBank National Association pursuant to the Interim Servicing
Agreement.

“Interim
Servicing Agreement” shall mean that certain interim servicing agreement, dated as of December 1, 1998, between GACC,
as owner, and the Interim Servicer, as servicer, and any replacement servicing entered into with any successor Interim Servicer
appointed jointly by the Note Holders.

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

“Lead
Securitization” shall have the meaning assigned to such term in the recitals of this Agreement.

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

“Lead
Securitization Note Holder” shall mean, (i) prior to the Lead Securitization Date or if each Standalone Note is no longer
included in the Lead Securitization Trust, the Note A-1 Holder, and (ii) from and after the Lead Securitization Date, the Lead
Securitization Trust; provided, that, in the case of clause (i), to the extent that the exercise of any right or
obligation of the Note A-1 Holder in its capacity as “Lead Securitization Note Holder” involves discretionary decision-making
of a material nature, the Note A-1 Holder shall consult with the Note A-2 Holder and the Note A-3 Holder and make any related
decisions jointly.

“Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in the recitals of this Agreement.

“Lead
Securitization Trust” shall mean the trust established pursuant to the Lead Securitization Servicing Agreement in connection
with the Lead Securitization.

“Letter
of Credit” shall mean an irrevocable, unconditional, transferable, clean sight draft letter of credit, as the same may
be replaced, split, substituted, modified, amended, supplemented, assigned or otherwise restated from time to time (either an
evergreen letter of credit or a letter of

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credit which does not expire until at least two (2) Business Days after the Maturity
Date of the Mortgage Loan) in favor of the Note A Holder and entitling the Note A Holder to draw thereon, at a domestic location
reasonably acceptable to the Note A Holder, based solely on a statement purportedly executed by an officer of the Note A Holder
stating that it has the right to draw thereon, and issued by a domestic Approved Bank or the U.S. agency or branch of a foreign
Approved Bank.

“Liquidation
Fee” shall mean:

(i)
prior to the Lead Securitization Date, if the Mortgage Loan or the Mortgaged Property is sold or transferred or otherwise liquidated
(or a Specially Serviced Mortgage Loan is sold or liquidated or a final discounted payoff is made), a fee payable to the Servicer
from Liquidation Proceeds with respect to the Mortgaged Property if the Servicer receives any Liquidation Proceeds with respect
thereto, equal to 25 basis points (0.25%) multiplied by Liquidation Proceeds (net of any Servicing Fees, Special Servicing Fees
and reimbursement of any Advances or interest thereon payable therefrom and legal fees and expenses, Appraisal fees, brokerage
fees, and similar fees and expenses in connection with the maintenance and preservation of the Mortgaged Property) related to
the Mortgage Loan or Mortgaged Property; and

(ii)
from and after the Lead Securitization Date, the meaning assigned to such term in the Lead Securitization Servicing Agreement.

The
Liquidation Fee shall be payable to the Special Servicer upon receipt of Liquidation Proceeds; provided, however,
that the parties agree that no Liquidation Fee will be payable in connection with, or out of, Liquidation Proceeds resulting from
the purchase of the Mortgaged Property or Note A by the Note B Holder pursuant to the provisions of this Agreement or the Lead
Securitization Servicing Agreement within ninety (90) days after a Triggering Event of Default.

“Liquidation
Proceeds” shall mean:

(i)
prior to the Lead Securitization Date, the amount (other than insurance proceeds or amounts required to be paid to the Mortgage
Loan Borrowers or other Persons pursuant to the Mortgage Loan Documents or applicable law) received in connection with the liquidation
of the Mortgaged Property or REO Property through a trustee’s sale, foreclosure sale or otherwise or the sale or other liquidation
of the Mortgage Loan, including a final discounted payoff of the Mortgage Loan, and

(ii)
from and after the Lead Securitization Date, shall have the meaning assigned to such term in the Lead Securitization Servicing
Agreement.

“Major
Decision” means:

(i)
prior to the Lead Securitization Date:

 

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(a)          any
proposed or actual foreclosure upon or comparable conversion of the ownership of properties securing the Mortgage Loan;

(b)          any
modification, consent to a modification or waiver of a monetary term (other than late payment charges or Default Interest) 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;

(c)          any
sale of the Mortgage Loan, an REO Property for less than the Defaulted Mortgage Loan Purchase Price;

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

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

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

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

(h)          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;

(i)          any
acceptance of an assumption agreement releasing a Mortgage Loan Borrower from liability under the Mortgage Loan and for which
there is no lender discretion;

(j)          any
determination of an Acceptable Insurance Default;

(k)          the
determination of the Special Servicer pursuant to clause (b) of the definition of “Specially Serviced Loan”; and

 

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(l)          any
acceleration of the Mortgage Loan following a default or an event of default or any initiation of judicial, bankruptcy or similar
proceedings under the Mortgage Loan Documents; and

(ii)
from and after the Lead Securitization Date, such term shall not apply.

“Master
Servicer” shall have the meaning set forth in the recitals of this Agreement.

“Maturity
Date” shall have the meaning assigned to such term as set forth in the Mortgage Loan Schedule.

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

“Monthly
Payment Date” shall mean the “Monthly Payment Date” set forth in the Mortgage Loan Agreement.

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

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

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

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

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

“Mortgage
Loan Borrower Related Parties” shall have the meaning assigned such term in Section 19.

“Mortgage
Loan Documents” shall mean the Mortgage, the Mortgage Loan Agreement, the Notes and all other documents evidencing or
securing the Mortgage Loan including, without limitation, all guaranties and indemnities, as same may be amended, modified or
restated in accordance with this Agreement.

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

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

“MSBNA”
shall have the meaning assigned to such term in the recitals of this Agreement.

“MSBNA
Non-Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“MSBNA
Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“MSBNA
Standalone A Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Net
Note A-1 Interest Rate” shall mean the Note A-1 Interest Rate minus the Servicing Fee Rate.

“Net
Note A-2 Interest Rate” shall mean the Note A-2 Interest Rate minus the Servicing Fee Rate.

“Net
Note A-3 Interest Rate” shall mean the Note A-3 Interest Rate minus the Servicing Fee Rate.

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

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

“Net
Note B-3 Interest Rate” shall mean the Note B-3 Interest Rate minus the Servicing Fee Rate.

“Non-Controlling
Holder” shall mean any Holder that is not the Controlling Holder. In the event that any Note is an asset of a Non-Lead
Securitization, the rights of the Holder of any such Note in its capacity as a Non-Controlling Holder may be exercised by the
“directing holder,” “controlling class representative” or other party designated to exercise such rights
pursuant to the terms of the related Non-Lead Securitization Servicing Agreement.

“Non-Lead
Securitization” shall mean the sale of all or a portion of any Non-Standalone Note to a depositor, who will in turn
include such Note as part of the related Non-Lead Securitization of one or more other mortgage loans.

“Non-Lead
Securitization Servicing Agreement” shall mean any pooling and servicing agreement (or analogous agreement) relating
to a Note, other than the Lead Securitization Servicing Agreement.

 

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“Nonrecoverable
P&I Advance” means a P&I Advance that has been determined to be “nonrecoverable” in accordance with
the terms of the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

“Nonrecoverable
Property Advance” means a Property Advance that has been determined to be “nonrecoverable” in accordance
with the terms of the applicable Servicing Agreement.

“Non-Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Note
A” shall mean, individually or collectively, Note A-1, Note A-2 and Note A-3, as the context may require.

“Note
A Default Interest Rate” shall mean collectively, the Note A-1 Default Interest Rate, the Note A-2 Default Interest
Rate and the Note A-3 Default Interest Rate.

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

“Note
A Interest Rate” shall mean individually or collectively, as the context may require, the Note A-1 Interest Rate, the
Note A-2 Interest Rate and/or the Note A-3 Interest Rate, as the case may be.

“Note
A Percentage Interest” shall mean individually or collectively, as the context may require, the Note A-1 Percentage
Interest, the Note A-2 Percentage Interest, and/or the Note A-3 Percentage Interest, as the case may be.

“Note
A Principal Balance” shall mean individually or collectively, the Note A-1 Principal Balance, the Note A-2 Principal
Balance and/or the Note A-3 Principal Balance, as the case may be.

“Note
A-1” shall mean, individually or collectively, Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2 and Note
A-1-C3, as the context may require.

“Note
A-1 Default Interest Rate” shall mean with respect to Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2
and/or Note A-1-C3, the Note A-1 Default Interest Rate set forth for such Note in the Mortgage Loan Schedule.

“Note
A-1 Holder” shall mean with respect to Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2 and Note A-1-C3,
the Initial Note A-1 Holder or any subsequent holder of such Note.

“Note
A-1 Interest Rate” shall mean with respect to Note A-1-S1, Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2 and/or
Note A-1-C3, the Interest Rate set forth for such Note in the Mortgage Loan Schedule.

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“Note A-1 Percentage Interest” shall mean, as of any date, with respect to Note A-1-S1,
Note A-1-S2, Note A-1-S3, Note A-1-C1, Note A-1-C2 and/or Note A-1-C3, the ratio of such Note’s Principal Balance to the
Mortgage Loan Principal Balance.

 

“Note
A-1 Principal Balance” shall mean, at any time of determination, with respect to Note A-1-S1, Note A-1-S2, Note A-1-S3,
Note A-1-C1, Note A-1-C2 and/or Note A-1-C3, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule,
as previously reduced by payments of principal thereon received by the related Note A-1 Holder and any reductions in such amount
pursuant to Section 4(c) and Section 7.

“Note A-1-C1”
shall have the meaning assigned such term in the recitals.

“Note A-1-C2”
shall have the meaning assigned such term in the recitals.

“Note A-1-C3”
shall have the meaning assigned such term in the recitals.

“Note A-1-S1”
shall have the meaning assigned such term in the recitals.

“Note A-1-S2”
shall have the meaning assigned such term in the recitals.

“Note A-1-S3”
shall have the meaning assigned such term in the recitals.

“Note A-2”
shall mean, individually or collectively, Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and Note A-2-C2, as the context may
require.

“Note A-2
Default Interest Rate” shall mean with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and/or Note A-2-C2,
the Note A-2 Default Interest Rate set forth for such Note in the Mortgage Loan Schedule.

“Note A-2
Holder” shall mean with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and Note A-2-C2, the Initial Note
A-2 Holder or any subsequent holder of such Note.

“Note A-2
Interest Rate” shall mean with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1 and/or Note A-2-C2, the
Interest Rate set forth for such Note in the Mortgage Loan Schedule.

“Note A-2
Percentage Interest” shall mean, as of any date, with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3, Note A-2-C1
and/or Note A-2-C2, the ratio of such Note’s Principal Balance to the Mortgage Loan Principal Balance.

“Note A-2
Principal Balance” shall mean, at any time of determination, with respect to Note A-2-S1, Note A-2-S2, Note A-2-S3,
Note A-2-C1 and/or Note A-2-C2, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule, as previously
reduced by payments of principal thereon received by the related Note A-2 Holder and any reductions in such amount pursuant to
Section 4(c) and Section 7.

“Note A-2-C1”
shall have the meaning assigned such term in the recitals.

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“Note A-2-C2”
shall have the meaning assigned such term in the recitals.

“Note A-2-S1”
shall have the meaning assigned such term in the recitals.

“Note A-2-S2”
shall have the meaning assigned such term in the recitals.

“Note A-2-S3”
shall have the meaning assigned such term in the recitals.

“Note A-3”
shall mean, individually or collectively, Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and Note A-3-C2, as the context may
require.

“Note A-3
Default Interest Rate” shall mean with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and/or Note A-3-C2,
the Note A-3 Default Interest Rate set forth for such Note in the Mortgage Loan Schedule.

“Note A-3
Holder” shall mean with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and Note A-3-C2, the Initial Note
A-3 Holder or any subsequent holder of such Note.

“Note A-3
Interest Rate” shall mean with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1 and/or Note A-3-C2, the
Interest Rate set forth for such Note in the Mortgage Loan Schedule.

“Note A-3
Percentage Interest” shall mean, as of any date, with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3, Note A-3-C1
and/or Note A-3-C2, the ratio of such Note’s Principal Balance to the Mortgage Loan Principal Balance.

“Note A-3
Principal Balance” shall mean, at any time of determination, with respect to Note A-3-S1, Note A-3-S2, Note A-3-S3,
Note A-3-C1 and/or Note A-3-C2, the Initial Principal Balance for such Note as set forth in the Mortgage Loan Schedule, as previously
reduced by payments of principal thereon received by the related Note A-3 Holder and any reductions in such amount pursuant to
Section 4(c) and Section 7.

“Note A-3-C1”
shall have the meaning assigned such term in the recitals.

“Note A-3-C2”
shall have the meaning assigned such term in the recitals.

“Note A-3-S1”
shall have the meaning assigned such term in the recitals.

“Note A-3-S2”
shall have the meaning assigned such term in the recitals.

“Note A-3-S3”
shall have the meaning assigned such term in the recitals.

“Note B”
shall mean, individually or collectively, Note B-1, Note B-2 and Note B-3, as the context may require.

“Note B
Default Interest Rate” shall mean collectively, the Note B-1 Default Interest Rate, the Note B-2 Default Interest Rate
and the Note B-3 Default Interest Rate.

 

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“Note B
Holder” shall mean collectively, the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder.

“Note B Interest
Rate” shall mean individually or collectively, as the context may require, the Note B-1 Interest Rate, the Note B-2
Interest Rate and/or the Note B-3 Interest Rate, as the case may be.

“Note B
Percentage Interest” shall mean individually or collectively, as the context may require, the Note B-1 Percentage Interest,
the Note B-2 Percentage Interest and/or the Note B-3 Percentage Interest, as the case may be.

“Note B
Principal Balance” shall mean individually or collectively, the Note B-1 Principal Balance, the Note B-2 Principal Balance
and/or the Note B-3 Principal Balance, as the case may be.

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

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

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

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

“Note B-1
Percentage Interest” shall mean, as of any date, the ratio of the Note B-1 Principal Balance to the Mortgage Loan Principal
Balance.

“Note B-1
Principal Balance” shall mean, at any time of determination, the Initial Note B-1 Principal Balance as set forth in
the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note B-1 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

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

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

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

“Note B-2
Percentage Interest” shall mean, as of any date, the ratio of the Note B-2 Principal Balance to the Mortgage Loan Principal
Balance.

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“Note B-2
Principal Balance” shall mean, at any time of determination, the Initial Note B-2 Principal Balance as set forth in
the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note B-2 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

“Note B-3
Default Interest Rate” shall mean the Note B-3 Default Interest Rate set forth in the Mortgage Loan Schedule.

“Note B-3
Holder” shall mean the Initial Note B-3 Holder or any subsequent holder of Note B-3.

“Note B-3
Interest Rate” shall mean the Note B-3 Interest Rate set forth in the Mortgage Loan Schedule.

“Note B-3
Percentage Interest” shall mean, as of any date, the ratio of the Note B-3 Principal Balance to the Mortgage Loan Principal
Balance.

“Note B-3
Principal Balance” shall mean, at any time of determination, the Initial Note B-3 Principal Balance as set forth in
the Mortgage Loan Schedule, as previously reduced by payments of principal thereon received by the Note B-3 Holder and any reductions
in such amount pursuant to Section 4(c) and Section 7.

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

“P&I
Advance” shall mean an advance made in respect of a delinquent monthly debt service payment on a Note included in a
Securitization by a party to such Securitization (and in accordance with the terms of the Lead Securitization Servicing Agreement
or the related Non-Lead Securitization Servicing Agreement, as the case may be).

“Penalty
Charges” shall mean any amounts actually collected on the Mortgage Loan from the Mortgage Loan Borrowers that represent
late payment charges, other than a Prepayment Premium or default interest.

“Percentage
Interest” shall mean, with respect to the Note A Holder, the Note A Percentage Interest, and with respect to the Note
B Holder, the Note B Percentage Interest.

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

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“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.

“Prepayment”
shall mean any payment of principal made by the Mortgage Loan Borrowers with respect to the Mortgage Loan which is received in
advance of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity
of the Notes or otherwise.

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

“Prime Rate”
shall mean the “Prime Rate” in effect from time to time (as published in the “Money Rates” section of
The Wall Street Journal or, if such section or publication no longer is available, such other publication as determined
by the Note A-1 Holder in its reasonable discretion).

“Principal
Balance” shall mean with respect to any Note, at any date of determination, the then outstanding principal balance of
such Note.

“Property
Advance” 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.

“Qualified
Institutional Lender” shall mean the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder,
the Initial Note B-1 Holder, the Initial Note B-2 Holder, the Initial Note B-3 Holder and the following:

(a)          an
entity Controlled (as defined below) by, or under common Control (as defined below) with, the Initial Note A-1 Holder, the Initial
Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note B-1 Holder, the Initial Note B-2 Holder or the Initial Note B-3
Holder, or

(b)          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, in any
case, which satisfies the Eligibility Requirements, 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 investment advisor registered under the Investment Advisers Act of 1940 or an institutional
accredited investor under Regulation D, which regularly engages in the

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business
of making or owning investments of types similar to the Mortgage Loan or the related Note, which satisfies the Eligibility Requirements,
or

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

(iv)          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 and provided that at least 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 Institutional Lenders, or

(v)          an
institution substantially similar to any of the foregoing in clauses (b)(i), (ii) or (iv), which satisfies the Eligibility Requirements;

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

(c)          any
entity Controlled (as defined below) by, or under common Control (as defined below) with, any of the entities described in clause
(b) above.

(d)          any
Person for which a Rating Agency Confirmation has been obtained.

For purposes of this
definition only, “Control” means the ownership, directly or indirectly, in the aggregate of more than fifty percent
(50%) of the beneficial ownership interests of an entity and the possession, directly or indirectly, of the power to direct or
cause the direction

 

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of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise (“Controlled”
has the meaning correlative thereto).

“Qualified
Servicer” shall mean:

(i) prior to
the Lead Securitization Date, either (x) a mortgage finance institution, insurance company, bank or mortgage servicing institution
(A) organized and doing business under the laws of the United States or any state of the United States or the District of Columbia,
(B) authorized to transact business in the jurisdiction where each Mortgaged Property is located, if and to the extent required
by applicable law to enable such institution to perform its obligations under the Interim Servicing Agreement or, in the event
that such institution is acting as a sub-servicer, under the applicable sub-servicing agreement, and otherwise as contemplated
hereby, and (C) (1) has a rating of at least “CMS2” (in the case of a master servicer) and “CSS2” (in
the case of a special servicer) in the case of Fitch, (2) is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, in the case of S&P, (3) ranked at least “MOR
CS3” by Morningstar, (4) in the case of Moody’s, such servicer is acting as 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 servicer as servicer
of such commercial mortgage loans, (5) in the case of KBRA, 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 a transaction serviced by such servicer prior to the time
of determination, or (6) in the case of DBRS, such servicer is currently acting as servicer for one or more loans included in
a CMBS transactions that is rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of CMBS
or placed any class of CMBS on watch citing the continuation 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 a transaction serviced by such special servicer prior to the time of determination, or (y) as to
which each of the Rating Agencies shall have delivered to the Trustee written confirmation to the effect that the service by such
entity as Servicer or Special Servicer, as the case may be, would not, in and of itself, result in a downgrade, qualification
or withdrawal of the then current ratings assigned to the securities issued under the Servicing Agreement, and

(ii) from and
after the Lead Securitization Date, the meaning assigned to such term or analogous term in the Lead Securitization Servicing Agreement.

“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 $50,000,000 and subject to supervision
or examination by federal or state authority, (ii) an institution insured by

 

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the Federal Deposit
Insurance Corporation or (iii) an institution whose long-term senior unsecured debt is rated any 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 designated by the Lead Securitization Note Holder; provided, however, that
at any time during which any Note A or Note B is an asset of a Securitization, “Rating Agencies” or “Rating
Agency” shall mean the rating agencies that from time to time rate the securities issued in connection with such Securitization
(and at the time of determination continue to do so).

“Rating
Agency Confirmation” shall have, at any time that any Note A or Note B is an asset of a Securitization, the meaning
assigned to such term or analogous term in the Servicing Agreement.

“Realized
Losses” mean any reduction in the Mortgage Loan Principal Balance that does not result
in an accompanying payment of principal to any of the Holders, which may result from, but is not limited to, one of the following
circumstances: (i) the cancellation or forgiveness of any portion of the Mortgage Loan Principal Balance in connection with a
bankruptcy or similar proceeding or a modification or amendment of the Mortgage Loan granted by the Servicer pursuant to the terms
of the Servicing Agreement, or (ii) a reduction in the Mortgage Interest Rate, the Note A Interest Rate or the Note B Interest
Rate in connection with a bankruptcy or similar proceeding involving one or more of the Mortgage Loan Borrowers or a modification
or amendment of the Mortgage Loan agreed to by the Servicer in accordance with the terms of the Servicing Agreement, that as a
result of the application of Section 7, results in the application of principal to pay interest to one or more Holders
(each such Realized Loss described in this clause (ii) shall be deemed to have been incurred on the Monthly Payment Date for each
affected monthly payment).

“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.

“REMIC”
shall have the meaning assigned to such term in Section 4(h).

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

“Remittance
Date” shall mean (a) the Business Day preceding the Distribution Date, as such term is defined in the Lead Securitization
Servicing Agreement and (b) with

 

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respect to any Non-Standalone Note, from and after the Securitization of such Non-Standalone
Note, the second Business Day before the “servicer remittance date,” as such term or a similar term is defined in
the related Non-Lead Securitization Servicing Agreement (as long as such date is at least two Business Days after receipt of properly
identified funds).

“REO Proceeds”
shall mean, with respect to any REO Property, all revenues received by the applicable Servicer with respect to such REO Property
or the Mortgage Loan, which do not constitute Liquidation Proceeds.

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

“Repurchase
Date” shall have the meaning assigned such term in Section 11.

“Repurchase
Option Notice” shall have the meaning assigned such term in Section 11.

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

 

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prior to the time of determination. The requirement of any rating agency that
is not a Rating Agency shall be disregarded.

“Reserve
Collateral” shall have the meaning assigned such term in Section 21(i).

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

“Securitization”
shall mean the Lead Securitization and any Non-Lead Securitization, as the context may require.

“Securitization
Trust” shall mean the Lead Securitization Trust or any trust formed in connection with the Securitization of any Non-Standalone
Note, as the context may require.

“Servicer”
shall mean (i) prior to the Lead Securitization Date, the Interim Servicer, and (ii) from and after the Lead Securitization Date,
the Master Servicer or the Special Servicer, as the context may require.

“Servicing
Agreement” shall mean (i) prior to the Lead Securitization Date, the Interim Servicing Agreement, and (ii) from and
after the Lead Securitization Date, the Lead Securitization Servicing Agreement.

“Servicing
Fee” shall have the meaning assigned to such term in Section 4.

“Servicing
Fee Rate” shall mean 0.125 basis points (0.00125%) per annum (which consists solely of the primary servicing
fee rate).

“Special
Servicer” shall have the meaning set forth in the recitals of this Agreement.

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

“Special
Servicing Fee” shall have the meaning assigned to such term in Section 4.

“Special
Servicing Fee Rate” shall mean an amount:

(i) prior
to the Lead Securitization Date, so long as the Mortgage Loan is a Specially Serviced Mortgage Loan, an amount equal to the product
of (A) 12.5 basis points (0.125%) per annum and (B) the Mortgage Loan Principal Balance; and

(ii) from
and after the Lead Securitization Date, the meaning assigned to such term or analogous term in the Lead Securitization Servicing
Agreement; provided that any such Special Servicing Fee Rate shall not exceed 12.5 basis points (0.125%) per annum
with respect to the Mortgage Loan.

 

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“Specially
Serviced Mortgage Loan” shall mean the Mortgage Loan if:

(i) prior
to the Lead Securitization Date, any of the following occurs: (a) the Mortgage Loan Borrowers fail to make a monthly debt service
payment for a period of 60 days after its Monthly Payment Date; (b) in the reasonable business judgment of the Servicer (with
the consent of the applicable Controlling Holder), exercised in accordance with Accepted Servicing Practices, there is an imminent
risk of an Event of Default consisting of a failure to make a monthly debt service payment which Event of Default is likely to
remain unremedied for a period of 60 days or more; (c) the Servicer has received notice or has actual knowledge that one or more
of the Mortgage Loan Borrowers has become the subject of any bankruptcy, insolvency or similar proceeding, admitted in writing
its inability to pay its debts as they come due or made an assignment for the benefit of creditors; (d) the Servicer has received
notice of a foreclosure or threatened foreclosure of any lien upon the Mortgaged Property; (e) except with respect to matters
already addressed in clause (a) of this definition, the Servicer has received notice or has actual knowledge that the Mortgage
Loan Borrowers are in default beyond any applicable notice and/or grace periods in the performance or observance of any of its
obligations under the related Mortgage Loan Documents the failure of which to cure, in the reasonable business judgment of the
Servicer, exercised in accordance with Accepted Servicing Practices, materially and adversely affects the interests of the Holders;
or (f) a failure on the part of the Mortgage Loan Borrowers to make the Balloon Payment as and when the same becomes due and payable.

The period
during which the Mortgage Loan is specially serviced shall end and the Mortgage Loan shall be a “Corrected Mortgage Loan”:
(1) with respect to the circumstances described in clause (a) above, when the Mortgage Loan Borrowers have paid in full all payments
due under the Mortgage Loan and have made three consecutive full and timely monthly debt service payments under the terms of the
Mortgage Loan or, if the Mortgage Loan is “worked out”, when the Mortgage Loan Borrowers have made three consecutive
full and timely monthly debt service payments under the terms of the Mortgage Loan as modified in connection with such workout;
(2) with respect to the circumstances described in clauses (b), (c) and (d) above, when such circumstances cease to exist in the
good faith judgment of the Servicer, or in the case of clause (b) above the related Event of Default does not occur within sixty
(60) days from the date of such determination; (3) with respect to the circumstances described in clause (e) above, when the Mortgage
Loan Borrowers has cured such default; or (4) with respect to the circumstances described in clause (f) above, when the Mortgage
Loan Borrowers have paid in full all payments due under the Mortgage Loan or, if the Mortgage Loan is “worked out,”
when the Mortgage Loan Borrowers have made three consecutive full and timely monthly debt service payments under the terms of
the Mortgage Loan as modified in connection with such workout; provided, in any case, that at that time no other circumstance
identified in clauses (a) through (f) above exists that would cause the Mortgage Loan to continue to be characterized as a Specially
Serviced Mortgage Loan; and

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(ii) from and after
the Lead Securitization Date, the meaning given to such term or analogous term in the Lead Securitization Servicing Agreement.

“Standalone
A Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Standalone
Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Transfer”
shall have the meaning assigned such term in Section 18.

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrowers to
pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a Specially
Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (i)(b) of the
definition of Specially Serviced Mortgage Loan)). A Triggering Event of Default shall not exist to the extent a Note B Holder
is exercising its cure rights in accordance with Section 11(b) or prior to the expiration of any cure period granted pursuant
to Section 11(b).

“Trust Fund
Expenses” shall mean with respect to the Mortgage Loan, any unanticipated expenses and certain other default related
expenses incurred by any Securitization Trust (including, without limitation, all Property Advances (together with interest thereon
at the Advance Rate) and all P&I Advances (together with interest thereon at the rates specified in the Lead Securitization
Servicing Agreement and the Non-Lead Securitization Servicing Agreement applicable to each Note) and all additional trust fund
expenses, to the extent not reimbursed by the Mortgage Loan Borrower or deemed to be a Nonrecoverable Property Advance) and all
other amounts (such as indemnification payments) permitted to be retained, reimbursed or withdrawn by (or remitted to) the Master
Servicer, the Special Servicer, the Trustee, the Certificate Administrator or any operating advisor, as applicable, from the Collection
Account or the Distribution Account pursuant to the Lead Securitization Servicing Agreement or permitted to be reimbursed to any
of the parties to a Non-Lead Securitization Servicing Agreement pursuant to the terms thereof.

“Trustee”
shall have the meaning assigned to such term in the recitals of this Agreement.

“Updated
Appraisal” shall mean an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted
subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer,
in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder
or applicable Servicer.

“Wells Fargo”
shall have the meaning assigned to such term in the recitals of this Agreement.

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“Wells Fargo
Non-Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Wells Fargo
Standalone A Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Wells Fargo
Standalone Notes” shall have the meaning assigned to such term in the recitals of this Agreement.

“Workout
Fee” shall mean (i) prior to the Lead Securitization Date, a fee equal to 25 basis points (0.250%) of each collection
of interest and principal (including scheduled payments, prepayments, Balloon Payments and payments at maturity) received on a
Corrected Mortgage Loan, and (ii) from and after the Lead Securitization Date, the meaning assigned to such term in the Lead Securitization
Servicing Agreement.

The Workout Fee shall
be payable out of each collection of interest and principal (including scheduled payments, prepayments, Balloon Payments and payments
at maturity) received on the Mortgage Loan for so long as the Mortgage Loan does not subsequently become a Specially Serviced
Mortgage Loan. The Workout Fee with respect to the Mortgage Loan shall cease to be payable if the Mortgage Loan subsequently becomes
a Specially Serviced Mortgage Loan or if the Mortgaged Property becomes an REO Property; provided that, if the Mortgage
Loan thereafter ceases to be a Specially Serviced Mortgage Loan, a new Workout Fee shall become payable to the applicable Servicer
that had responsibility for servicing the Mortgage Loan at such time.

2.          Subordination
of Note B. Each Note B and the right of each Note B Holder to receive payments with respect to its respective Note B shall,
subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Note A and the rights of
each Note A Holder to receive payments with respect to its respective Note A.

3.          Intentionally
Omitted.

4.          Administration
of the Mortgage Loan. (a) From and after the date hereof and prior to the Lead Securitization Date, the Interim Servicer shall
administer and service the Mortgage Loan consistent with the terms of this Agreement, the Interim Servicing Agreement, the Mortgage
Loan Documents, Accepted Servicing Practices and applicable law.

(b)          From
and after the Lead Securitization Date, the administration and servicing of the Mortgage Loan shall be governed by this Agreement
and the Lead Securitization Servicing Agreement; provided that:

(i)          except
as expressly provided for in this Agreement, the rights and remedies of any Note B Holder under the Lead Securitization Servicing
Agreement shall not be materially impaired compared to the rights and remedies of such Note B Holder set forth herein (and the
obligations of any Note B Holder under the Lead Securitization Servicing Agreement shall not be materially increased compared
to the obligations of such Note B Holder set forth herein),

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(ii)          the
provisions of the Lead Securitization Servicing Agreement may differ from this Agreement to the extent requested by the Rating
Agencies, the subordinate bond buyers or any of the other parties thereto and differences necessary in order that each Initial
Note A Holder and its Affiliates obtain accounting “sale” treatment for its respective Note under FAS 140, provided
that, in all cases, any such differences between this Agreement and the Lead Securitization Servicing Agreement shall not have
a material adverse effect on any of the rights, remedies or protections granted to the Holders under this Agreement (without giving
effect to any provision of this Agreement which states that a term shall have “the meaning assigned to such term in the
Servicing Agreement,” or be “subject to the Servicing Agreement” or similar phrases),

(iii)          from
and after the Lead Securitization Date, such Lead Securitization Servicing Agreement shall not be modified in any manner materially
adverse to a Holder without the prior written consent of such Holder, and

(iv)          the
Lead Securitization Servicing Agreement shall contain terms and conditions as are set forth in Section 40(c) of this Agreement
and such additional provisions that are customary for securitization transactions involving assets similar to the Mortgage Loan
and that are otherwise (i) required by the Code relating to the tax elections of any Securitization Trust, (ii) required by law
or changes in any law, rule or regulation or (iii) generally required by the Rating Agencies in connection with the issuance of
ratings in securitizations similar to the Lead Securitization.

(c)          The
Servicer shall distribute (or cause to be distributed) to the Holders all payments due to the Holders in accordance with Section
5 and Section 6 hereof; provided, however, prior to calculating any amount of interest or principal due
on such date to the Holders, the Servicer shall reduce the Note B-1 Principal Balance, the Note B-2 Principal Balance and the
Note B-3 Principal Balance pro rata (based on their respective outstanding Principal Balances) (in each case, not below
zero) by any Realized Loss with respect to the Mortgage Loan, and after each Note B Principal Balance has been reduced to zero,
the Servicer shall reduce the Note A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance pro
rata (based on their respective outstanding Principal Balances) (in each case, not below zero) by any Realized Loss with respect
to the Mortgage Loan.

(d)          In
consideration for servicing the Mortgage Loan (inclusive of each Note) a servicing fee shall accrue at a rate not to exceed the
Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B Principal Balance (the “Servicing
Fee”). The Servicing Fee shall be paid on the same interest accrual basis and for the same period of time for which
interest is paid on the Mortgage Loan, and shall be paid in accordance with the priorities set forth in Section 5 and Section
6.

(e)          In
consideration for special servicing the Mortgage Loan (inclusive of each Note) a special servicing fee shall accrue at a rate
not to exceed the Special Servicing Fee Rate on the sum of the outstanding Note A Principal Balance and the outstanding Note B
Principal Balance (the “Special Servicing Fee”). The Special Servicing Fee shall be payable to the Special
Servicer if the Mortgage Loan shall become a Specially Serviced Mortgage Loan, for

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so long as the Mortgage Loan remains a Specially
Serviced Mortgage Loan. Subject to any liquidation set forth in the Lead Securitization Servicing Agreement, the Liquidation Fee
shall be payable to the Special Servicer upon receipt of Liquidation Proceeds. For any period during which the provisions of Section
6 apply, any Workout Fees or Liquidation Fees shall be paid from funds available for distribution prior to the distribution
of funds to the Holders in accordance with Section 6 (it being agreed that a Workout Fee and a Liquidation Fee shall not
be payable with respect to the same payment or with respect to the same period of time, or otherwise simultaneously or duplicatively).
The Holders acknowledge that pursuant to the Servicing Agreement, the Servicers may be entitled to receive Additional Servicing
Compensation. To the extent any such Additional Servicing Compensation is actually received by a Servicer in accordance with the
Servicing Agreement, such Servicer shall be entitled to retain the same. In no event, however, shall any amounts relating to Additional
Servicing Compensation that are not otherwise actually received by a Servicer (or its subservicer) be deducted from any distributions
to any Holder pursuant to Section 5 or Section 6, as applicable.

(f)          Notwithstanding
anything to the contrary contained herein, if each of the Standalone Notes ceases to be an asset of the Lead Securitization Trust,
the provisions of this Agreement shall apply in their entirety, and each Holder hereby agrees that the Mortgage Loan shall be
serviced pursuant to this Agreement. In such event, all references herein to the “Servicing Agreement” and to “from
and after the Lead Securitization Date” and any ancillary provisions relating thereto shall be deemed to be inoperative
and of no further force and effect; provided, the actual servicing of the Mortgage Loan under this Agreement shall be performed
by a successor Master Servicer appointed by the Lead Securitization Note Holder and a successor Special Servicer shall be appointed
by the Controlling Holder, both of which replacement Servicers shall be Qualified Servicers and shall be reasonably acceptable
to each of the Holders; provided, further, that until a replacement servicing agreement, if necessary, has been
entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the
Lead Securitization Servicing Agreement, as if such agreement were still in full force and effect with respect to the Mortgage
Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder that is a “qualified
servicer” meeting the requirements of the Lead Securitization Servicing Agreement. Any such entity acting as a successor
Master Servicer or successor Special Servicer of the Mortgage Loan pursuant to the proviso of the preceding sentence will be required
to perform such servicing in accordance with Accepted Servicing Practices and the provisions of this Agreement.

(g)          Notwithstanding
anything to the contrary contained herein, in accordance with this Agreement and the Lead Securitization Servicing Agreement,
the Lead Securitization Servicing Agreement shall provide that the Servicers are required to service and administer the Mortgage
Loan in accordance with Accepted Servicing Practices.

(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 Internal Revenue Code of 1986, as amended (the “Code”) (notice of which shall be
given by the related Holder to the other Holders within three (3) Business Days of the “startup day”, within the meaning
of Section 860(G)(a)(9) of the Code, of the related REMIC), then, any provision of this Agreement

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to the contrary notwithstanding:
(i) the Mortgage Loan shall be administered such that each Note qualifies at all times as (or as interests in) a “qualified
mortgage” within the meaning of Sections 860G(a)(3) of the Code, (ii) any real property (and related personal property)
acquired by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed-in-lieu of
foreclosure of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the
interests of the Holders therein shall at all times qualify as “foreclosure property” within the meaning of Sections
860G(a)(8) of the Code and (iii) the related Holder may not modify, waive or amend any provision of the Mortgage Loan, consent
to or withhold consent from any action of the Mortgage Loan Borrowers, or exercise or refrain from exercising any powers or rights
which the related Holder may have under the Mortgage Loan Documents, if any such action would constitute a “significant
modification” of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United Stated Department
of the Treasury, more than three (3) months after the earliest startup day of any REMIC which includes the related Note (or any
portion of such Note). The Holders agree that the provisions of this Section 4(h) shall be effected by compliance by the
related Holder or its assignee with this Agreement or the Servicing Agreement or any other agreement which governs the administration
of the Mortgage Loan or such Holder’s interest therein. All costs and expenses of compliance with this Section 4(h),
to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting the amount,
payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall be borne by
the Holders.

5.          Payments
Prior to a Triggering Event of Default. If no Triggering Event of Default shall have occurred and is then continuing, then
all amounts tendered by the Mortgage Loan Borrowers or otherwise available for payment on the Mortgage Loan (including, without
limitation, payments received in connection with any guaranty or indemnity agreement), whether received in the form of monthly
debt service payments, Prepayments, Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges,
Cure Payments, 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 (other than any amounts for required reserves or escrows required by the Mortgage
Loan Documents and proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released
to the Mortgage Loan Borrowers in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be distributed
by the Servicer and applied in the following order of priority (net of amounts payable or reimbursable to the Master Servicer
or Special Servicer in accordance with the Lead Securitization Servicing Agreement) (and payments shall be made at such times
as are set forth herein):

(i)          first,
(A) first, to the Master Servicer or the Trustee of the Lead Securitization, up to the amount of any Nonrecoverable Property
Advances that remain unreimbursed (together with interest thereon at the applicable Advance Rate) and (B) second, on a
pro rata and pari passu basis (based on the total outstanding principal balance of the Standalone Notes, on the
one hand, and the Non-Standalone Notes, on the other hand), to the Master Servicer or the Trustee and the master servicers or
trustees of the related Non-Lead Securitizations, up to the amount of any Nonrecoverable P&I

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Advances, as applicable, that
remain unreimbursed (together with interest thereon at the applicable Advance Rate or analogous concept under such Non-Lead Securitization);

(ii)          second,
pari passu, to each Note A-1 Holder, each Note A-2 Holder and/or each Note A-3 Holder (or any Servicer or Trustee (if any),
as applicable) pro rata (based on the unreimbursed amount of costs paid or payable) up to the amount of any unreimbursed
Costs paid or any Costs currently payable by such Note A-1 Holder, Note A-2 Holder and/or Note A-3 Holder, respectively, or paid
or advanced by any Servicer or the Trustee (if any), as applicable, with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement, including, without limitation, unreimbursed Property Advances and interest thereon at the applicable
Advance Rate, to the extent such Costs, Property Advances and interest thereon are then payable or reimbursable hereunder, or,
after the Lead Securitization Date, under the Lead Securitization Servicing Agreement;

(iii)          third,
to the Master Servicer, the applicable accrued and unpaid Servicing Fee (without duplication of any portion of the Servicing
Fee paid by Mortgage Loan Borrowers), and then to the Special Servicer, any Special Servicing Fees, Workout Fees and Liquidation
Fees earned by it with respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

(iv)          fourth,
pari passu (x) to each Note A-1 Holder, up to an amount equal to the accrued and unpaid interest on the Note A-1 Principal
Balance at the Net Note A-1 Interest Rate, (y) to each Note A-2 Holder, up to an amount equal to the accrued and unpaid interest
on the Note A-2 Principal Balance at the Net Note A-2 Interest Rate, and (z) to each Note A-3 Holder, up to an amount equal to
the accrued and unpaid interest on the Note A-3 Principal Balance at the Net Note A-3 Interest Rate, such amount to be allocated
to each Note A-1 Holder, each Note A-2 Holder and each Note A-3 Holder, on a pro rata basis based on the amount of accrued
and unpaid interest due to each such Holder;

(v)          fifth,
pari passu, in respect of principal collections, with respect to all payments and prepayments of principal, to each Note
A-1 Holder, to each Note A-2 Holder and to each Note A-3 Holder, on a pro rata basis (based on their respective outstanding
Principal Balances), in an amount equal to all such payments and prepayments of principal, until the related Principal Balances
have been reduced to zero;

(vi)          sixth,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(v), pari passu (x) to each Note A-1 Holder, an amount equal
to the aggregate of unreimbursed Realized Losses previously allocated to such Note A-1 Holder in accordance with the terms of
Section 4(c) or Section 7(a), plus interest thereon at the Net Note A-1 Interest Rate compounded monthly from the
date the related Realized Loss was allocated to Note A-1, (y) to each Note A-2 Holder, an amount equal to the aggregate of unreimbursed
Realized Losses previously allocated to such Note A-2 Holder in accordance with the terms of Section 4(c) or Section
7(a), plus interest

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thereon at the Net Note A-2 Interest Rate compounded monthly from the date the related Realized Loss was
allocated to Note A-2, and (z) to each Note A-3 Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously
allocated to such Note A-3 Holder in accordance with the terms of Section 4(c) or Section 7(a), plus interest thereon
at the Net Note A-3 Interest Rate compounded monthly from the date the related Realized Loss was allocated to Note A-3, such amount
to be allocated to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, on a pro rata basis based on the amount
of Realized Losses previously allocated to each such Holder;

(vii)          seventh,
pari passu, to the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder pro rata (based on the unreimbursed
amount of costs paid or payable), up to the amount of any unreimbursed Costs paid or any Costs currently payable by such Note
B-1 Holder, such Note B-2 Holder and/or such Note B-3 Holder, respectively, with respect to the Mortgage Loan pursuant to this
Agreement, including, without limitation, unreimbursed Property Advances made by the Note B-1 Holder, the Note B-2 Holder and/or
the Note B-3 Holder, respectively, and any Cure Payment made by such Note B-1 Holder, such Note B-2 Holder and/or such Note B-3
Holder, respectively, pursuant to Section 11(b) hereof;

(viii)          eighth,
pari passu (x) to the Note B-1 Holder, in an amount equal to the accrued and unpaid interest on the Note B-1 Principal
Balance at the Net Note B-1 Interest Rate, (y) to the Note B-2 Holder, in an amount equal to the accrued and unpaid interest on
the Note B-2 Principal Balance at the Net Note B-2 Interest Rate and (z) to the Note B-3 Holder, in an amount equal to the accrued
and unpaid interest on the Note B-3 Principal Balance at the Net Note B-3 Interest Rate, such amount to be allocated to the Note
B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, on a pro rata basis based on the amount of accrued and unpaid
interest due to each such Holder;

(ix)          ninth,
in respect of principal collections, with respect to all payments and prepayments of principal, to the Note B-1 Holder, to the
Note B-2 Holder and to the Note B-3 Holder on a pro rata basis (based on their respective outstanding Principal Balances),
in an amount equal to all such payments and prepayments of principal, until the related Principal Balances have been reduced to
zero;

(x)          tenth,
to the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, on a pro rata and pari passu basis (based on
the amount of Realized Losses previously allocated to each such Note), an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to Note B-1, Note B-2 and Note B-3, respectively, in accordance with the terms of Section 4(c)
or Section 7(a), plus interest thereon in each case at the Net Note B Interest Rate, compounded monthly from the date
the related Realized Loss was allocated to Note B-1, Note B-2 or Note B-3, as applicable;

(xi)          eleventh,
any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent such default interest amount
is (i) actually paid by the Mortgage Loan Borrowers, (ii) in excess of interest accrued on the Mortgage Loan Principal Balance
at the Mortgage Interest Rate and (iii) not required to be paid to

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the Master Servicer, the Trustee or the Special Servicer or
the master servicer or trustee under a Non-Lead Securitization Servicing Agreement as provided in Section 9(d),
pro rata (based on the amounts described in each of the following clauses (A) through (F)) and
pari passu, to (A) the Note A-1 Holder in an amount calculated on the Note A-1 Principal
Balance at the excess of (x) the Note A-1 Default Interest Rate over (y) the Note A-1 Interest Rate, (B) the Note A-2 Holder in
an amount calculated on the Note A-2 Principal Balance at the excess of (x) the Note A-2 Default Interest Rate over (y) the Note
A-2 Interest Rate, (C) the Note A-3 Holder in an amount calculated on the Note A-3 Principal Balance at the excess of (x) the
Note A-3 Default Interest Rate over (y) the Note A-3 Interest Rate, (D) the Note B-1 Holder in an amount calculated on the Note
B-1 Principal Balance at the excess of (x) the Note B-1 Default Interest Rate over (y) the Note B-1 Interest Rate, (E) the Note
B-2 Holder in an amount calculated on the Note B-2 Principal Balance at the excess of (x) the Note B-2 Default Interest Rate over
(y) the Note B-2 Interest Rate, and (F) the Note B-3 Holder in an amount calculated on the Note B-3 Principal Balance at the excess
of (x) the Note B-3 Default Interest Rate over (y) the Note B-3 Interest Rate;

(xii)          twelfth,
first, pro rata (based on the amounts described in each of the following clauses ((i), (ii) and (iii)) and pari
passu, to: (i) each Note A-1 Holder, any Prepayment Premium allocable to any prepayment
of the related Note A-1, (ii) each Note A-2 Holder, any Prepayment Premium allocable to any prepayment of the related Note A-2,
and (iii) each Note A-3 Holder, any Prepayment Premium allocable to any prepayment of the related Note A-3, and then, pro rata
(based on the amounts described in each of the following clauses ((i), (ii) and (iii)) and pari passu, to: (i) the
Note B-1 Holder, any Prepayment Premium allocable to any prepayment of Note B-1, (ii) the Note B-2 Holder, any Prepayment Premium
allocable to any prepayment of Note B-2, and (iii) the Note B-3 Holder, any Prepayment Premium allocable to any prepayment of
Note B-3, in each case, to the extent actually paid by the Mortgage Loan Borrowers;

(xiii)          thirteenth,
pro rata and pari passu (in the case of Penalty Charges, only to the extent not required to be paid to the Master
Servicer, the Trustee or the Special Servicer or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement
as provided in Section 9(d)), to: (i) each Note A-1 Holder (or any Servicer or Trustee (if any), as applicable, on its
behalf) its Percentage Interest of any assumption fees and Penalty Charges, (ii) each Note A-2 Holder (or any Servicer or Trustee
(if any), as applicable, on its behalf) its Percentage Interest of any assumption fees and Penalty Charges, (iii) each Note A-3
Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest of any assumption fees and
Penalty Charges, (iv) the Note B-1 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest
of any assumption fees and Penalty Charges, (v) the Note B-2 Holder (or any Servicer or Trustee (if any), as applicable, on its
behalf) its Percentage Interest of any assumption fees and Penalty Charges, and (vi) the Note B-3 Holder (or any Servicer or Trustee
(if any), as applicable, on its behalf) its Percentage Interest of any assumption fees and Penalty Charges, in each case, to the
extent actually paid by the Mortgage Loan Borrowers; and

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(xiv)        fourteenth,
any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiii) of this Section
5 will be distributed to the Holders pro rata and pari passu in accordance with their respective initial Percentage
Interests set forth in the Mortgage Loan Schedule.

If
any Note (or portion thereof) has been defeased, the foregoing provisions of this Section 5 will apply only to the non-defeased
Notes (or portions thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the
related defeasance collateral.

To
the extent that the Mortgage Loan Borrowers pay any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification
or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, as applicable,
pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders under clauses (iv) and (viii) above
for the applicable Remittance Date shall be adjusted accordingly. 

6.           Payments
Following a Triggering Event of Default.

(a)          After
the occurrence of a Triggering Event of Default and for so long as such Triggering Event of Default is continuing, all amounts
tendered by the Mortgage Loan Borrowers or otherwise available for payment of the Mortgage Loan (including, without limitation,
payments received in connection with any guaranty or indemnity agreement), whether received in the form of monthly debt service
payments, Prepayments, Balloon Payments, Liquidation Proceeds (other than any Repurchase Price), Penalty Charges, Cure Payments,
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 (other than any amounts for required reserves or escrows required by the Mortgage Loan
Documents and proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released
to the Mortgage Loan Borrowers in accordance with Accepted Servicing Practices or the Mortgage Loan Documents) shall be applied
in the following order of priority (net of amounts payable or reimbursable to the Master Servicer or Special Servicer in accordance
with the Lead Securitization Servicing Agreement) (and payments shall be made at such times as are set forth herein):

(i)           first,
(A) first, to the Master Servicer or the Trustee of the Lead Securitization, up to the amount of any Nonrecoverable Property
Advances that remain unreimbursed (together with interest thereon at the applicable Advance Rate) and (B) second, on a
pro rata and pari passu basis (based on the total outstanding principal balance of the Standalone Notes, on the
one hand, and the Non-Standalone Notes, other the other hand), to the Master Servicer or the Trustee and the master servicers
or trustees of the related Non-Lead Securitizations, up to the amount of any Nonrecoverable P&I Advances, as applicable, that
remain unreimbursed (together with interest thereon at the applicable Advance Rate or analogous concept under such Non-Lead Securitization);

(ii)          second,
pari passu, to each Note A-1 Holder, each Note A-2 Holder and/or each Note A-3 Holder (or any Servicer or Trustee (if any),
as applicable) pro rata up to the amount of any unreimbursed Costs paid or any Costs currently payable by such

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Note
A-1 Holder, Note A-2 Holder and/or Note A-3 Holder, respectively, or paid or advanced by any Servicer or the Trustee (if any),
as applicable, with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including, without limitation,
unreimbursed Property Advances and interest thereon at the applicable Advance Rate, to the extent such Costs, Property Advances
and interest thereon are then payable or reimbursable hereunder, or, after the Lead Securitization Date, under the Lead Securitization
Servicing Agreement;

(iii)         third,
to the Master Servicer, the applicable accrued and unpaid Servicing Fee (without duplication of any portion of the Servicing Fee
paid by Mortgage Loan Borrowers), and then to the Special Servicer, any Special Servicing Fees, Workout Fees and Liquidation Fees
earned by it with respect to the Mortgage Loan under this Agreement or the Servicing Agreement;

(iv)          fourth,
pari passu (x) to each Note A-1 Holder, up to an amount equal to the accrued and unpaid interest on the Note A-1 Principal
Balance at the Net Note A-1 Interest Rate, (y) to each Note A-2 Holder, up to an amount equal to the accrued and unpaid interest
on the Note A-2 Principal Balance at the Net Note A-2 Interest Rate, and (z) to each Note A-3 Holder, up to an amount equal to
the accrued and unpaid interest on the Note A-3 Principal Balance at the Net Note A-3 Interest Rate, such amount to be allocated
to each Note A-1 Holder, each Note A-2 Holder and each Note A-3 Holder, on a pro rata basis based on the amount of accrued
and unpaid interest due to each such Holder;

(v)          fifth,
pari passu (x) to the Note B-1 Holder, in an amount equal to the accrued and unpaid interest on the Note B-1 Principal
Balance at the Net Note B-1 Interest Rate, (y) to the Note B-2 Holder, in an amount equal to the accrued and unpaid interest on
the Note B-2 Principal Balance at the Net Note B-2 Interest Rate and (z) to the Note B-3 Holder, in an amount equal to the accrued
and unpaid interest on the Note B-3 Principal Balance at the Net Note B-3 Interest Rate, such amount to be allocated to the Note
B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, on a pro rata basis based on the amount of accrued and unpaid
interest due to each such Holder;

(vi)          sixth,
pari passu to each Note A-1 Holder, to each Note A-2 Holder and to each Note A-3 Holder, on a pro rata basis (based
on their respective outstanding Principal Balances), in an amount equal to the outstanding Principal Balances of each Note A-1,
each Note A-2 and each Note A-3, until the related Principal Balances have been reduced to zero;

(vii)        seventh,
if the proceeds of any foreclosure sale or any liquidation of the Mortgage Loan or the Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (i)-(vi), pari passu (x) to each Note A-1 Holder, an amount equal
to the aggregate of unreimbursed Realized Losses previously allocated to such Note A-1 Holder in accordance with the terms of
Section 4(c) or Section 7(a), plus interest thereon at the Net Note A-1 Interest Rate compounded monthly from the
date the related Realized Loss was allocated to Note A-1, (y) to each Note A-2 Holder, an amount

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equal to the aggregate of unreimbursed
Realized Losses previously allocated to such Note A-2 Holder in accordance with the terms of Section 4(c) or Section
7(a), plus interest thereon at the Net Note A-2 Interest Rate compounded monthly from the date the related Realized Loss was
allocated to Note A-2, and (z) to each Note A-3 Holder, an amount equal to the aggregate of unreimbursed Realized Losses previously
allocated to such Note A-3 Holder in accordance with the terms of Section 4(c) or Section 7(a), plus interest thereon
at the Net Note A-3 Interest Rate compounded monthly from the date the related Realized Loss was allocated to Note A-3, such amount
to be allocated to the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, on a pro rata basis based on the amount
of Realized Losses previously allocated to each such Holder;

(viii)       eighth,
pari passu, to the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder pro rata (based on the unreimbursed
amount of costs paid or payable), up to the amount of any unreimbursed Costs paid or any Costs currently payable by such Note
B-1 Holder, such Note B-2 Holder and/or such Note B-3 Holder, respectively, with respect to the Mortgage Loan pursuant to this
Agreement, including, without limitation, unreimbursed Property Advances made by the Note B-1 Holder, the Note B-2 Holder and/or
the Note B-3 Holder, respectively, and any Cure Payment made by such Note B-1 Holder, such Note B-2 Holder and/or such Note B-3
Holder, respectively, pursuant to Section 11(b) hereof;

(ix)          ninth,
pari passu, to the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, on a pro rata basis (based on their
respective outstanding Principal Balances), in an amount equal to the outstanding Principal Balances of each of Note B-1, Note
B-2 and Note B-3, until the related Principal Balances have been reduced to zero;

(x)          tenth,
to the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, on a pro rata and pari passu basis (based on
the amount of Realized Losses previously allocated to each such Note), an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to Note B-1, Note B-2 and Note B-3, respectively, in accordance with the terms of Section 4(c)
or Section 7(a), plus interest thereon in each case at the Net Note B Interest Rate, compounded monthly from the date
the related Realized Loss was allocated to Note B-1, Note B-2 or Note B-3, as applicable;

(xi)         eleventh,
any interest accrued at the Mortgage Default Rate on the Mortgage Loan Principal Balance to the extent such default interest amount
is (i) actually paid by the Mortgage Loan Borrowers, (ii) in excess of interest accrued on the Mortgage Loan Principal Balance
at the Mortgage Interest Rate and (iii) not required to be paid to the Master Servicer, the Trustee or the Special Servicer or
the master servicer or trustee under a Non-Lead Securitization Servicing Agreement as provided in Section 9(d),
pro rata (based on the amounts described in each of the following clauses (A) through (F)) and
pari passu, to (A) each Note A-1 Holder in an amount calculated on the Note A-1 Principal
Balance on such Monthly Payment Date prior to the application of funds contemplated in this Section 6 at the excess of
(x) the Note A-1 Default Interest Rate over (y) the Note A-1 Interest Rate, (B) each Note A-2 Holder in an amount calculated on
the Note A-2 Principal Balance on such Monthly Payment Date prior to the application of

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funds
contemplated in this Section 6 at the excess of (x) the Note A-2 Default Interest Rate over (y) the Note A-2 Interest Rate,
(C) each Note A-3 Holder in an amount calculated on the Note A-3 Principal Balance on such Monthly Payment Date prior to the application
of funds contemplated in this Section 6 at the excess of (x) the Note A-3 Default Interest Rate over (y) the Note A-3 Interest
Rate, (D) the Note B-1 Holder in an amount calculated on the Note B-1 Principal Balance on such Monthly Payment Date prior to
the application of funds contemplated in this Section 6 at the excess of (x) the Note B-1 Default Interest Rate over (y)
the Note B-1 Interest Rate, (E) the Note B-2 Holder in an amount calculated on the Note B-2 Principal Balance on such Monthly
Payment Date prior to the application of funds contemplated in this Section 6 at the excess of (x) the Note B-2 Default
Interest Rate over (y) the Note B-2 Interest Rate, and (F) each Note B-3 Holder in an amount calculated on the Note B-3 Principal
Balance on such Monthly Payment Date prior to the application of funds contemplated in this Section 6 at the excess of
(x) the Note B-3 Default Interest Rate over (y) the Note B-3 Interest Rate;

(xii)        twelfth,
first, pro rata (based on the amounts described in each of the following clauses ((i), (ii) and (iii)) and pari
passu, to: (i) each Note A-1 Holder, any Prepayment Premium allocable to any prepayment of the related Note A-1, (ii) each
Note A-2 Holder, any Prepayment Premium allocable to any prepayment of the related Note A-2, and (iii) each Note A-3 Holder, any
Prepayment Premium allocable to any prepayment of the related Note A-3, and then, pro rata (based on the amounts described
in each of the following clauses ((i), (ii) and (iii)) and pari passu, to: (i) the Note B-1 Holder, any Prepayment Premium
allocable to any prepayment of Note B-1, (ii) the Note B-2 Holder, any Prepayment Premium allocable to any prepayment of Note
B-2, and (iii) the Note B-3 Holder, any Prepayment Premium allocable to any prepayment of Note B-3, in each case, to the extent
actually paid by the Mortgage Loan Borrowers;

(xiii)       thirteenth,
pro rata and pari passu (in the case of Penalty Charges, only to the extent not required to be paid to the Master
Servicer, the Trustee or the Special Servicer or the master servicer or trustee under a Non-Lead Securitization Servicing Agreement
as provided in Section 9(d)), to: (i) each Note A-1 Holder (or any Servicer or Trustee (if any), as applicable, on its
behalf) its Percentage Interest (prior to the application of funds contemplated in this Section 6) of any assumption fees
and Penalty Charges, (ii) each Note A-2 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage
Interest (prior to the application of funds contemplated in this Section 6) of any assumption fees and Penalty Charges,
(iii) each Note A-3 Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest (prior
to the application of funds contemplated in this Section 6) of any assumption fees and Penalty Charges, (iv) the Note B-1
Holder (or any Servicer or Trustee (if any), as applicable, on its behalf) its Percentage Interest (prior to the application of
funds contemplated in this Section 6) of any assumption fees and Penalty Charges, (v) the Note B-2 Holder (or any Servicer
or Trustee (if any), as applicable, on its behalf) its Percentage Interest (prior to the application of funds contemplated in
this Section 6) of any assumption fees and Penalty Charges, and (vi) the Note B-3 Holder (or any Servicer or Trustee (if
any), as applicable, on its behalf) its Percentage Interest (prior to the

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application of funds contemplated in this Section
6) of any assumption fees and Penalty Charges, in each case, to the extent actually paid by the Mortgage Loan Borrowers; and

(xiv)        fourteenth,
any excess amount not otherwise applied pursuant to the foregoing clauses (i) through (xiii) of this Section 6 will be
distributed pro rata to the Holders in accordance with their respective initial Percentage Interests set forth in the Mortgage
Loan Schedule.

If
any Note (or portion thereof) has been defeased, the foregoing provisions of this Section 6 will apply only to the non-defeased
Notes (or portions thereof). Any Note (or portion thereof) that has been defeased will be repaid solely from the proceeds of the
related defeasance collateral.

To
the extent that the Mortgage Loan Borrowers pay any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification
or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, as applicable,
pursuant to clause (iii) above, and the amounts paid on account of interest to the Holders under clauses (iv) and (v) above for
the applicable Remittance Date shall be adjusted accordingly. 

(b)          Following
any period during which the terms of this Section 6 are in effect, in the event that the Mortgage Loan becomes a Corrected Mortgage
Loan, or if the applicable Triggering Event of Default is no longer existing, or if the Mortgage Loan is restructured in connection
with a workout such that the Mortgage Loan is no longer a Specially Serviced Mortgaged
Loan and, as restructured, is transferred back to the Servicer and the applicable Triggering Event of Default is no longer continuing,
then the terms of Section 5 hereof shall again be in effect, subject, however, to the terms of Section 7 hereof.

7.           Workout.
(a) Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 20 and Section 21 of this Agreement, and the obligation to act in accordance with Accepted Servicing
Practices, if any applicable Servicer in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms
thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate (or the Note A Interest
Rate or Note B Interest Rate) is reduced, (iii) payments of interest or principal on the Mortgage Loan are waived, reduced or
deferred (other than due solely to an extension of the Maturity Date (that is not a forbearance) pursuant to an executed extension
agreement between Lender and the Mortgage Loan Borrower, so long as no other modification under this Section 7 has occurred),
or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, all payments to each Note A Holder pursuant
to Section 5 and Section 6, as applicable, shall be made as though such workout did not occur, with the payment
terms of Note A remaining the same as they are on the Closing Date, and the full economic effect of all waivers, reductions or
deferrals of amounts due on the Mortgage Loan attributable to such workout shall be borne, first, pro rata by the
Note B-1 Holder (up to the Note B-1 Principal Balance, together with accrued interest thereon at the Note B-1 Interest Rate and
any other amounts due to the Note B-1 Holder), the Note B-2 Holder (up to the Note B-2 Principal Balance, together with accrued
interest thereon at the Note B-2 Interest Rate and any other amounts due to the Note B-2 Holder) and the Note B-3 Holder (up to
the Note B-3 Principal Balance, together with accrued interest thereon at the Note B-3 Interest Rate

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and any other
amounts due to the Note B-3 Holder), second, pro rata by each Note A-1 Holder (up to the Note A-1 Principal Balance,
together with accrued interest thereon at the Note A-1 Interest Rate, and any other amounts due to the Note A-1 Holder), each
Note A-2 Holder (up to the Note A-2 Principal Balance, together with accrued interest thereon at the Note A-2 Interest Rate, and
any other amounts due to the Note A-2 Holder) and each Note A-3 Holder (up to the Note A-3 Principal Balance, together with accrued
interest thereon at the Note A-3 Interest Rate, and any other amounts due to the Note A-3 Holder). If the Mortgaged Property shall
become an REO Property, the same shall be acquired, managed and operated in substantially the manner provided in the Servicing
Agreement, and the priority of distributions among the Note A Holder and the Note B Holder shall continue to be made in accordance
with the terms of Section 6 that would be applicable following the occurrence and during the continuation of a Triggering
Event of Default (whether or not the applicable Mortgage Loan Documents then remain in effect), with distributions on account
of scheduled interest payments being deemed to be Assumed Scheduled Payments (as such term shall be defined in the Servicing Agreement)
for such purpose.

(b)          For
purposes of determining the identity of the Controlling Holder (and not for any other purpose, including purposes of calculations
set forth in Section 5 and Section 6 hereof), Appraisal Reduction Amounts shall be allocated first, to reduce the Note
B-1 Principal Balance, the Note B-2 Principal Balance and the Note B-3 Principal Balance, pro rata, and then, to
reduce the Note A-1 Principal Balance, the Note A-2 Principal Balance and the Note A-3 Principal Balance, pro rata. The
Lead Securitization Note Holder (or the Special Servicer on its behalf) shall notify the Holders in writing of any Appraisal Reduction
Amount calculated with respect to the Mortgage Loan and any allocation thereof to reduce the Principal Balance of any Note.

8.            Collection
Accounts; Payment Procedure. (a) Pursuant to the terms of this Agreement or the Servicing Agreement, the Lead Securitization
Note Holder shall cause the Servicer to establish and maintain the Collection Account. Each of the Holders hereby directs the
Servicer, in accordance with the priorities set forth in Section 5 and Section 6, as applicable, and subject to
the terms of this Agreement or the Servicing Agreement, as applicable, (i) to deposit into the applicable Collection Account within
two (2) Business Days after receipt of properly identified funds with respect to the Mortgage Loan and (ii) to remit from the
applicable Collection Account (x) for deposit or credit on the Remittance Date all payments received with respect to and allocable
to each Note A and Note B, by wire transfer to accounts maintained by each Holder and designated to the Servicer in writing; provided
that delinquent payments received by the Servicer after the related Remittance Date shall be remitted by the Servicer to such
accounts no later than the Business Day after the Determination Date; and (y) for such other purposes and at such times as specified
in this Agreement and the Servicing Agreement.

(b)          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 any Note must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the one or more of the Mortgage Loan Borrowers or
paid to any Holder, any Servicer or any other Person, then, notwithstanding any other provision of this Agreement, such Servicer
shall not be required to distribute any portion thereof to the Holder of such Note, and such Holder, shall

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promptly on demand
repay to such Servicer the portion thereof which shall have been theretofore distributed to the related Holder, together with
interest thereon at such rate, if any, as such Servicer shall have been required to pay to the applicable Mortgage Loan Borrower(s),
the Holders, any other Servicer or such other Person with respect thereto, or, if the amount in question had been advanced by
the Servicer, then with interest thereon at the Advance Rate. 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 Servicer. The 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, as applicable, under the Mortgage Loan, provided,
that the obligations of each Holder under this Section 8 are separate and distinct obligations from one another, and in
no event shall any Servicer be permitted or required under the Servicing Agreement to enforce the obligations of any Holder against
the other Holders. The obligations of each Holder under this Section 8 constitute absolute, unconditional and continuing
obligations and each Servicer shall be deemed a third party beneficiary of these provisions.

9.           Advances;
Default Interest; Penalty Charges.

(a)          Prior
to the Lead Securitization Date, if the Lead Securitization Note Holder elects, in its reasonable good faith discretion and in
accordance with Accepted Servicing Practices, to make a Property Advance, the Lead Securitization Note Holder shall notify the
other Holders promptly, which notice shall set forth the amount of the additional funds required, the date such funds are required
and a summary of the need for such advance. The other Holders shall be required to advance on or before the date specified in
the related notice their respective Percentage Interest of such Property Advance. If any Holder fails or refuses to advance the
foregoing share of such Property Advance, the Lead Securitization Note Holder shall have the right to advance the portion of such
Property Advance not advanced by such other Holders. Repayment of any and all such Property Advances made by any Holder together
with interest thereon at the Advance Rate, if applicable, shall be paid to the Holders as provided in Section 5 and Section 6
hereof.

(b)          From
and after the Lead Securitization Date, the Servicer and/or the Trustee shall be obligated to make Property Advances with respect
to the Mortgage Loan in accordance with the Lead Securitization Servicing Agreement and the right of such party to reimbursement
for any such Property Advances and interest thereon will be prior to the rights of the Holders to receive any distributions or
amounts recovered with respect to the Mortgage Loan or the Mortgaged Property to the extent provided in this Agreement.

(c)          If
any party to the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement makes a P&I Advance
in respect of any Note, such P&I Advance and any interest accrued thereon shall be reimbursable to such advancing party solely
as provided under the terms of this Agreement and the Lead Securitization Servicing Agreement or Non-Lead Securitization Servicing
Agreement, as applicable.

(d)          The
Lead Securitization Servicing Agreement shall provide that Penalty Charges and any interest accrued at the Mortgage Default Rate
on the Mortgage Loan Principal

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Balance that is in excess of interest accrued on the Mortgage Loan Principal Balance at the Mortgage
Interest Rate, in either case to the extent actually paid by the Mortgage Loan Borrower, shall be applied by the Master Servicer
(prior to allocation to the Holders under Section 5 or Section 6) for following purposes:

(1)          first,
(i) to pay the Master Servicer, the Trustee or the Special Servicer for each Holder’s pro rata share of any interest
accrued on any Property Advances and reimbursement of any Property Advances in accordance with the terms of the Lead Securitization
Servicing Agreement; and (ii) to pay the Master Servicer or the Trustee or the master servicers or trustees under the related
Non-Lead Securitization Servicing Agreement the amount, if any, of interest accrued on any P&I Advance made with respect to
any Note by such party, and

(2)          second,
be used to reduce, on a pro rata basis, each Holder’s share of 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).

(e)          The
Lead Securitization Servicing Agreement may also provide that (i) any Penalty Charges and any interest accrued at the Mortgage
Default Rate that has been allocated pursuant to Section 5 or Section 6 to the Notes included in such Lead Securitization
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) following a Non-Lead Securitization, any Penalty Charges and any interest accrued at the Mortgage
Default Rate that has been allocated pursuant to Section 5 or Section 6 to the Holder of the Note included in such
Non-Lead Securitization, be paid to the Master Servicer and/or the Special Servicer as Additional Servicing Compensation as provided
in the Lead Securitization Servicing Agreement.

10.          Limitation
on Liability. Neither the Note A Holders nor any Servicer acting on its behalf shall have any liability to the Note B Holder
with respect to Note B, except with respect to losses actually suffered due to the negligence, willful misconduct or breach of
this Agreement on the part of such Note A Holder or the Servicer. The Note B Holder shall have no liability to any Note A Holder
with respect to its respective Note A except with respect to losses actually suffered due to the negligence, willful misconduct
or breach of this Agreement on the part of the Note B Holder.

11.          Purchase
of Note A by the Note B Holder; Note B Holder Cure Rights.

Prior to the Lead
Securitization Date or if each Note B is no longer included in the Lead Securitization Trust, the provisions of this Section
11 shall apply.

(a)          Par
Purchase Option. If a Triggering Event of Default has occurred and is continuing, then, upon written notice from the Lead
Securitization Note Holder (or the Servicer on its behalf) (a “Repurchase Option Notice”) of such occurrence,
any Note B Holder (and if each of the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, or any combination thereof,
provide such written notice, then such Note B Holders, collectively, on a pro rata basis) shall have the right, prior to
any other party, by written notice to the Lead Securitization Note

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Holder (or the Servicer
on its behalf) (a “Note B Holder Repurchase Notice”), after the occurrence of the Triggering Event of Default
and prior to the earliest date (the “Purchase Right Cut-Off Date”) to occur of (a) the cure of the Triggering
Event of Default, (b) the consummation of a foreclosure sale, sale by power of sale or delivery of a deed-in-lieu of foreclosure
with respect to the Mortgaged Property (and the Lead Securitization Note Holder (or the Servicer on its behalf) shall be required
to give the Note B Holder five (5) Business Days prior written notice of its intent (a “Notice of Foreclosure/DIL”)
with respect to any such action in this clause (b)), except that if the Servicer intends to accept a deed-in-lieu of foreclosure,
it shall deliver a Notice of Foreclosure/DIL (stating that it intends to accept a deed-in-lieu of foreclosure) to the Note B Holder
and the Note B Holder shall have the option, within ten (10) Business Days from the date it receives such Notice of Foreclosure/DIL,
to deliver a Note B Holder Repurchase Notice to the Lead Securitization Note Holder (or the Servicer on its behalf), and provided
that it has delivered notice within such time period, to consummate the purchase option on a Repurchase Date (as defined below)
to occur no later than thirty (30) days from the day it received the Notice of Foreclosure/DIL from the Servicer; provided,
that such thirty (30) days may be extended at the option of the Note B Holder for an additional thirty (30) days upon payment
to the Lead Securitization Note Holder (or the Servicer on its behalf) of a $5 million non-refundable cash deposit if the Note
B Holder provides evidence reasonably satisfactory to the Lead Securitization Note Holder (or the Servicer on its behalf) that
it is diligently and expeditiously proceeding to consummate its purchase of each Note A, (c) the modification of the Mortgage
Loan Documents effected in accordance herewith and with the terms of the Servicing Agreement (and subject to the approval rights
of the Directing Holder and the consultation rights of the Non-Controlling Holder set forth herein and therein) and (d) the date
that is ninety (90) days after the Directing Holder’s receipt of the Repurchase Option Notice, to purchase each Note A for
the applicable Defaulted Mortgage Loan Purchase Price, and upon the delivery of the Note B Holder Repurchase Notice to each Note
A Holder (or the Servicer on its behalf), each Note A Holder (or the Servicer on its behalf) shall sell and the Note B-1 Holder,
Note B-2 Holder or Note B-3 Holder, as applicable, shall purchase all of each Note A Holder’s right, title and interest
in and to each Note A (without recourse or warranty, except that each Note A Holder shall represent and warrant that it owns its
respective Note A, its respective Note A is free and clear of liens, encumbrances and any participations therein, and that such
Note A Holder as applicable, has the power and authority to sell and deliver its respective Note A) for the applicable Defaulted
Mortgage Loan Purchase Price, on a date (the “Repurchase Date”) not less than five (5) Business Days nor more
than fifteen (15) Business Days after the date of the Note B Holder Repurchase Notice (other than as provided in the immediately
preceding clause (b) with respect to a Note B Holder Repurchase Notice based on a Notice of Foreclosure/DIL), as shall be designated
by the Note B-1 Holder, Note B-2 Holder or Note B-3 Holder, as applicable, and reasonably acceptable to each Note A Holder. The
Defaulted Mortgage Loan Purchase Price shall be calculated by the Servicer three (3) Business Days prior to the Repurchase Date
(and such calculation shall be accompanied by reasonably detailed back-up documentation explaining how such price was determined).
The right of a Note B Holder to exercise its purchase option hereunder shall automatically terminate upon the Purchase Right Cut-Off
Date, subject to the possibility that such right will be reinstated if a Triggering Event of Default subsequently occurs. Upon
the consummation of the purchase option contemplated by this Section 11(a), the Lead Securitization Note Holder (or the
Servicer or Trustee on its behalf) shall deliver all original Mortgage Loan Documents and other applicable materials in its possession
to the applicable

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Note B Holder or its designee. The foregoing
rights of the Note B Holders shall be in addition to any rights such Person may have to purchase each Note A pursuant to the Servicing
Agreement. Notwithstanding the foregoing, if either of the Mortgage Loan Borrowers or any Mortgage Loan Borrower Related Party
is a Note B Holder (or holds a majority interest in Note B), such Note B Holder shall not have the right to exercise the purchase
option set forth in this Section 11(a).

Notwithstanding
anything to the contrary contained in this Section, during the period in which any portion of the Mortgage Loan is subject to
purchase by Note B Holder pursuant to this Section, the Mortgage Loan shall continue to be serviced by the applicable Servicer
in accordance with Accepted Servicing Practices.

(b)          Cure
Rights. In the event any monetary default beyond applicable notice and grace periods or non-monetary default beyond applicable
notice and grace periods shall exist with respect to the Mortgage Loan, then, upon notice from the Lead Securitization Note Holder
(or the Servicer on its behalf) (a “Cure Option Notice”) of the occurrence of such default beyond applicable
notice and grace periods (which notice the Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly give
to the Note B Holder upon receipt of knowledge thereof), each Note B Holder shall have the right, exercisable by each Note B Holder
giving written notice of its intent to cure a default within five (5) Business Days after receipt of the Cure Option Notice, to
cure such default (and if each of the Note B-1 Holder, the Note B-2 Holder and the Note B-3 Holder, or any combination thereof,
provide such notice, then such Note B Holders collectively, on a pro rata basis shall have the right to cure such default);
provided, in the event a Note B Holder has elected to cure any default, the default must be cured by such Note B Holder
within, in the case of a monetary default, ten (10) Business Days after receipt of such Cure Option Notice and, in the case of
a non-monetary default, thirty (30) days after receipt of such Cure Option Notice. If a Note B Holder is attempting to cure a
non-monetary default, the foregoing cure period of thirty (30) days may be extended for an additional sixty (60) days (for a total
of up to ninety (90) days), but only for so long as (i) such Note B Holder is diligently and expeditiously proceeding to cure
such non-monetary default, (ii) such Note B Holder makes all Cure Payments that it is permitted to make in accordance with this
Section, (iii) such non-monetary default is not the result of a bankruptcy of one or more of the Mortgage Loan Borrowers or other
insolvency related event, and no bankruptcy commences or other insolvency related event occurs during the period that such Note
B Holder is otherwise permitted to cure a non-monetary default in accordance with this Section and (iv) there is no material adverse
effect on any of the Mortgage Loan Borrowers, the Mortgaged Property or the value of the Mortgage Loan as a result of such non-monetary
default or the attempted cure thereof.

If a Note B Holder
elects to cure a default that can be cured by the payment of money (each such payment, a “Cure Payment”),
such Note B Holder shall make such Cure Payment as directed by the Lead Securitization Note Holder (or the Servicer on its behalf)
and each such Cure Payment shall include all costs, expenses, losses, liabilities, obligations, damages, penalties, and disbursements
imposed on, incurred by or asserted against each Note A Holder (including, without limitation,
all unreimbursed Advances (without regard to whether such Advance would be a Nonrecoverable Advance) and any interest charged
thereon at the Advance Rate, and any unpaid Special Servicing Fees with respect to the Mortgage Loan, but excluding any default
interest and Penalty Charges) related to the default and incurred during the period of time from

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the expiration of the grace period
for such default under the Mortgage Loan until such Cure Payment is made or such other cure is otherwise effected.

The right of a
Note B Holder to reimbursement of any Cure Payment shall be as set forth in Section 5 and Section 6, as applicable.
So long as a default exists that is being cured by a Note B Holder pursuant to this Section 11(b) and the cure period has
not expired and such Note B Holder is permitted to cure under the terms of this Section 11(b), the Lead Securitization
Note Holder (or the Servicer on its behalf) and the Trustee shall not treat such default as a default or a Triggering Event of
Default (i) for purposes of Section 5 or Section 6; (ii) for purposes of accelerating the Mortgage Loan, modifying,
amending or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking of title
by deed-in-lieu of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or (iii) for purposes
of treating the Mortgage Loan as a Specially Serviced Mortgage Loan; provided that such limitations shall not prevent the
Lead Securitization Note Holder (or the Servicer on its behalf) or the Trustee from sending notices of the default to the Mortgage
Loan Borrowers or any related guarantor or making demands on the related Mortgage Loan Borrower or any related guarantor or from
collecting default interest or late payment charges from the Mortgage Loan Borrowers. Notwithstanding anything to the contrary
contained in this Section 11(b), (A) a Note B Holder’s right to cure a monetary default or non-monetary default shall
be limited to six (6) Cure Events over the life of the Mortgage Loan and (B) no single Cure Event may exceed four (4) consecutive
months. For the avoidance of doubt, it is intended that if a single Event of Default is cured for four consecutive months, that
same Event of Default may not be cured in the succeeding (fifth) month, a B Note Holder would be permitted to cure a different
Event of Default in such succeeding (fifth) month. As used herein, “Cure Event” means a Note B Holder’s
exercise of cure rights, whether for one (1) month or for consecutive months in the aggregate (and, in such case, such cure for
such consecutive months shall constitute one (1) Cure Event). Cure Events in addition to the number of Cure Events permitted under
this Section 11(b) shall only be permitted with the consent of the Lead Securitization Note Holder (or the Servicer on
its behalf) or, at any time that the Mortgage Loan is included in the Lead Securitization, the Special Servicer.

12.          Certain
Servicing Matters.

(a)          Books
and Records. Prior to the Lead Securitization Date, in connection with any inspection of the Mortgaged Property or the books
and other financial records of the Mortgage Loan Borrowers by the Lead Securitization Note Holder (or the Servicer on its behalf)
pursuant to the terms of the Mortgage Loan Documents, the Lead Securitization Note Holder (or the Servicer on its behalf) shall,
upon written request of the Directing Holder (if any) request that the Mortgage Loan Borrowers to reasonably cooperate to provide
the Directing Holder (if any) access for its own inspection of such Mortgaged Property or the books and other financial records.
In addition, in response to the written request of the Directing Holder (if any), the Lead Securitization Note Holder (or the
Servicer on its behalf) shall request that the officers of the Mortgage Loan Borrowers and the accountants and other representatives
of the Mortgage Loan Borrowers arrange a meeting (either telephonic or in person) to discuss the business, financial and other
condition of the Mortgage Loan Borrowers, and all reasonable out-of-pocket costs incurred by the Lead Securitization Note Holder
(or the Servicer on its behalf) shall be paid by

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the Controlling Holder. From and after the Lead Securitization Date, this Section
12(a) shall no longer apply.

(b)          Monthly
Servicing Report. Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver
copies to each of the Holders a report containing the following information:

(i)           For
each of the Holders, (x) the amount of the distribution from the Collection Account allocable to principal (y) separately identifying
the amount of scheduled principal payments, Balloon Payments, Prepayments made at the option of the Mortgage Loan Borrowers or
other Prepayments (specifying the reason therefor) and Liquidation Proceeds included therein and information on distributions
made with respect to each of the Notes and (z) the amounts deposited and on reserve in each of the escrow and reserve funds accounts
held by Servicer;

(ii)          For
each of the Holders, the amount of the distribution from the Collection Account allocable to interest and the amount of Prepayment
Premiums and default interest paid under the Mortgage Loan Documents;

(iii)         If
the distribution to the Holders is less than the full amount that would be distributable to such Holders if there had been sufficient
amounts available therefor, the amount of the shortfall and the allocation thereof between interest and principal and the amount
of the shortfall, if any, under the Mortgage Loan;

(iv)         The
principal balance and the Realized Losses relating to each of the Notes, after giving effect to the distribution of principal
on such Remittance Date;

(v)          The
amount of the servicing fees paid to the Servicer and the Special Servicer with respect to such Remittance Date, showing separately
the Servicing Fee, the Special Servicing Fee, any Workout Fee and any Liquidation Fee, and the amount of any fees payable to the
paying agent; and

(vi)         Information
regarding disputes affecting any of the Mortgage Loan Borrowers and the Mortgaged Property and such other information as any Holder
may reasonably request, to the extent reasonably available to the Trustee, the Servicer or the related Special Servicer, such
costs, to the extent not included in the regular fees and charges of the Servicer, shall be reimbursed by the requesting party.

From and after the
Lead Securitization Date, the Servicer shall deliver such reports to the Holders as provided in the Lead Securitization Servicing
Agreement.

(c)          Financial
Statements Etc. The Lead Securitization Note Holder (or the Servicer on its behalf) shall promptly provide the other Holders
with copies of each financial statement and other statements and reports delivered to the Lead Securitization Note Holder (or
the Servicer on its behalf) pursuant to the terms of the Mortgage Loan Documents. Subject to the terms of the applicable Mortgage
Loan Documents, upon the reasonable request of such other Holder, the Lead Securitization Note Holder (or the Servicer on its
behalf) shall also promptly

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deliver to such other Holder, copies of any other documents relating to the Mortgage Loan, including,
without limitation, property inspection reports and loan servicing statements.

(d)          Copies.
Any copies to be furnished by the Servicer under this Agreement may be furnished by hard copy or electronic means.

13.          Representations
and Warranties of Each Initial Note Holder. Each of the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial
Note A-3 Holder, the Initial B-1 Holder, the Initial Note B-2 Holder and the Initial Note B-3 Holder, as of the date hereof, hereby
represents and warrants and covenants that:

(i)           With
respect to the Initial Note A-1 Holder and the Initial Note B-1 Holder, it is a corporation duly organized, validly existing and
in good standing under the laws of the State of Maryland. With respect to the Initial Note A-2 Holder and the Initial Note B-2
Holder, it is a banking association duly organized, validly existing and in good standing under the laws of the United States
of America. With respect to the Initial Note A-3 Holder and the Initial Note B-3 Holder, it is a banking association duly organized,
validly existing and in good standing under the laws of the United States of America.

(ii)          The
execution and delivery of this Agreement by it, and the performance of, and compliance with, the terms of this Agreement by it,
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)         It
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 its legal, valid and binding obligation enforceable against it in accordance with its terms, except as the enforcement
thereof may be limited by bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or other laws relating
to or affecting the enforcement of creditors’ rights or by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law).

(v)          Immediately
prior to the execution and delivery of this Agreement, it was the sole legal owner and Holder of its related Note, free and clear
of any lien, pledge, hypothecation, encumbrance or other adverse interest in the Mortgage Loan, and it has the right to enter
into this Agreement without the consent of any third party.

(vi)         It
is not in violation of, and its execution and delivery of this Agreement and its performance of, and compliance with, the terms
of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation
or demand of any federal, state or local government or regulatory

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authority, which violation, in its good faith and reasonable
judgment, is likely to affect materially and adversely either its ability to perform its obligations under this Agreement or its
financial condition.

(vii)        No
litigation is pending with regard to which it has received service of process or, to the best of its knowledge, has been threatened
against it, the outcome of which, in its good faith and reasonable judgment is likely to materially and adversely affect the ability
to perform its obligations under this Agreement.

(viii)       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 transactions contemplated hereby.

(ix)          No
consent, approval, authorization or order of, registration or filing with, or notice to, any governmental authority or court is
required, under federal or state law (including, with respect to any bulk sale laws), for its execution, delivery and performance
of or compliance with this Agreement or its consummation of any transaction contemplated hereby, other than (i) such consents,
approvals, authorizations, qualifications, registrations, filings or notices as have been obtained or made and (ii) where the
lack of such consent, approval, authorization, qualification, registration, filing or notice would not have a material adverse
effect on its performance under this Agreement.

14.          Intentionally
Omitted.

15.          Independent
Analyses of the Initial Note B Holder. Subject to the provisions of Section 13, each Initial Note B Holder acknowledges
that it has, independently and without reliance upon any Initial Note A Holder and based on such documents and information as
such Holder has deemed appropriate, made such Holder’s own credit analysis and decision to originate its related Note B.
Except as expressly provided in this Agreement, each Initial Note B Holder hereby acknowledges that the other Holders have not
made any representations or warranties with respect to the Mortgage Loan, and that the other Holders shall have no responsibility
for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan
Documents or the title insurance policy or policies or any survey furnished or to be furnished to each Initial Note A Holder in
connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or
to be created by the Mortgage Loan Documents or (iv) the financial condition of the Mortgage Loan Borrowers. Each Initial Note
B Holder assumes all risk of loss in connection its related Note B, for reasons other than the gross negligence, willful misconduct
or breach of this Agreement by the Initial Note A Holders or the gross negligence, willful misconduct or bad faith by any Servicer.

16.          No
Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto
shall be deemed to constitute the arrangement between the Note A Holders and the Note B Holders a partnership, association, joint
venture or other entity. No Holder shall have any obligation whatsoever to offer to the other Holders the opportunity to purchase
notes or participation interests relating to any future

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loans originated by such Holder or its respective Affiliates, and if such
Holder chooses to offer to the other Holders the opportunity to purchase notes or any participation 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. No Holder shall have any obligation whatsoever to purchase from the other Holders
any notes or participation interests in any future loans originated by the other Holder or its respective Affiliates.

17.          Not
a Security. None of the Notes included in the definitions of Note A-1, Note A-2, Note A-3, Note B-1, Note B-2 or Note B-3
shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

18.          Transfer
of Notes. (a) Each Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, hypothecate, contribute,
encumber or otherwise dispose of all or any portion of its respective Note (a “Transfer”) except to a Qualified
Institutional Lender. Promptly after any Transfer, non-transferring Note Holders shall be provided with (x) a representation from
the related transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except
in the case of a Transfer in accordance with the immediately following sentence) and (y) a copy of the assignment and assumption
agreement referred to in Section 14. 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 (a) obtain the consent of each non-transferring Note Holder and (b)
if any such non-transferring Note Holder’s Note is held in a Securitization Trust, provide each of the applicable engaged
Rating Agencies for such Securitization Trust with a Rating Agency Confirmation. Notwithstanding the foregoing, without each non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if any non-transferring Note Holder’s
Note is held in a Securitization Trust, until a Rating Agency Confirmation is provided to each engaged Rating Agency for such
Securitization Trust, no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note)
to the Mortgage Loan Borrowers or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and void
and shall vest no rights in the purported transferee. The transferring Note Holder agrees that it shall pay the expenses of any
non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer and the Trustee) and all expenses
relating to any Rating Agency Confirmation in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder
shall have the right, without the need to obtain the consent of any other Note Holder or of any other Person or having to provide
any Rating Agency Confirmation, to Transfer 49% or less (in the aggregate) of its beneficial interest in a Note to an entity that
is not a Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. None of the provisions of this Section 18(a) shall
apply in the case of (1) a sale of the Lead Securitization Notes together with all of the Non-Lead Securitization Notes, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance
with the terms and conditions of the Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property,
upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability or limited partnership, 100% of the equity
interest in which is owned directly or indirectly, through one or more single member limited liability companies or limited partnerships,
by the Lead Securitization Trust.

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(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 applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or
higher) rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions
set forth in this Section 18(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person
which Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge”
hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without
a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to each other Note Holder and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), each other Note Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder
in respect of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to each other
Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note
Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give
to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging
Note Holder; (v) that such other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall
reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such other Note Holder;
and (vi) that, upon written notice (a “Redirection Notice”) to each other Note Holder and any Servicer by such
Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee
(which notice need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn
or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would
otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization
Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases each other Note Holder and any Servicer
from any liability to the pledging Note Holder on account of such other Note Holder’s or Servicer’s compliance with
any

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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 18(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.

19.          Other
Business Activities of the Holders. Each of the Holders 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 Mortgage Loan Borrowers (“Mortgage

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Loan Borrower Related Parties”), and receive payments on such other loans or extensions of credit to the 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. Notwithstanding the foregoing, no Holder, as lender, shall
exercise or be permitted to exercise the New Mezzanine Loan Option (as defined in the Loan Agreement).

20.          Exercise
of Remedies by the Servicer.

(a)          Each
of the Holders acknowledges that, subject to the terms of this Agreement (including without limitation, the Controlling Holder’s
rights under Section 21 hereof) and the Servicing Agreement, (i) the Lead Securitization Note Holder (or any Servicer or
Trustee (if any) on its behalf) may exercise or refrain from exercising any rights that such Lead Securitization Note Holder (or
such Servicer or Trustee (if any)) may have hereunder or under the Servicing Agreement in a manner that may be adverse to the
interests of the other Holders, so long as such actions are in accordance with Accepted Servicing Practices and the other terms
of this Agreement, (ii) the Lead Securitization Note Holder shall have no liability whatsoever to the other Holders as a result
of such Lead Securitization Note Holder’s (or any Servicer’s or Trustee’s) exercise of such rights or any omission
by such Lead Securitization Note Holder (or any Servicer or Trustee) to exercise such rights, except as expressly provided herein
or for acts or omissions that are taken or omitted to be taken by such Lead Securitization Note Holder that constitute the gross
negligence or willful misconduct of such Lead Securitization Note Holder or a breach of this Agreement, and (iii) the Servicer
and the Special Servicer shall (and shall be required under the Servicing Agreement to) service and administer the Mortgage Loan
on behalf of each Note A Holder and each Note B Holder (as a collective whole) in accordance with Accepted Servicing Practices,
taking into account the interests of each Note A Holder and each Note B Holder; but in all cases giving due consideration to the
fact that Note B is subject and subordinate to each Note A in accordance with the terms of this Agreement. Each Note A Holder
and each Note B Holder agree that the Servicer, to the extent consistent with the terms of this Agreement (including, without
limitation, Section 21) and from and after the Lead Securitization Date subject to and in accordance with the Servicing
Agreement, shall have the sole and exclusive authority (in each case, subject to the Accepted Servicing Practices and the terms
and conditions set forth in this Agreement, and the rights of any Controlling Holder) 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
(i) to modify or waive any of the terms of the Mortgage Loan Documents, (ii) to consent to any action or failure to act by the
Mortgage Loan Borrowers or any party to the Mortgage Loan Documents, (iii) to 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 in all cases acting in accordance with Accepted Servicing Practices and the terms
of this Agreement and the Servicing Agreement, and except as otherwise expressly provided in this Agreement and the Servicing
Agreement, the other Holders shall have no voting, consent or other rights whatsoever with respect to the Lead Securitization
Note Holder’s or Servicer’s

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administration of, or exercise of its rights and remedies with respect to, the Mortgage
Loan. Each Holder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead
Securitization Note Holder and the Servicer and the Special Servicer the rights, if any, that such Holder has (i) to declare or
cause the Lead Securitization Note Holder or the Servicer to declare an Event of Default under the Mortgage Loan (ii) to exercise
any remedies with respect to the Mortgage Loan, including, without limitation, filing or causing the Lead Securitization Note
Holder or the Servicer to file any bankruptcy petition against the Mortgage Loan Borrowers or (iii) to vote any claims with respect
to the Mortgage Loan in any bankruptcy, insolvency or similar type of proceeding of the Mortgage Loan Borrowers. Each Holder shall,
from time to time, execute such documents as the Lead Securitization Note Holder, the Servicer or the Special Servicer shall reasonably
request to evidence such assignment with respect to the rights described in clause (iii) of the preceding sentence. Except when
acting in the capacity of trustee or paying agent, the Lead Securitization Note Holder (or the Servicer or the Special Servicer
acting on behalf of such Lead Securitization Note Holder) shall not have any fiduciary duty to the other Holders in connection
with the administration of the Mortgage Loan but shall in all events be obligated to act in accordance with Accepted Servicing
Practices. Each Holder expressly and irrevocably waives for itself and any Person claiming through or under such Holder any and
all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions of
any similar law that purports to give a junior noteholder, mortgagee or loan participant the right to initiate any loan enforcement
or foreclosure proceedings.

(b)          Notwithstanding
anything to the contrary contained herein, the exercise by the Lead Securitization Note Holder (or any Servicer or the Trustee
(if any) acting on its behalf) of its rights under this Section 20 shall be subject in all respects to any sections of
the Servicing Agreement governing REMIC administration, and in no event shall the Lead Securitization Note Holder (or any Servicer
or the Trustee (if any) acting on its behalf) be permitted to take any action or refrain from taking any action which would violate
the laws of any applicable jurisdiction, breach the Mortgage Loan Documents, be inconsistent with Accepted Servicing Practices
or violate any other provisions of the Servicing Agreement or cause the arrangement evidenced hereby not to be treated as a “grantor
trust” for Federal income tax purposes. The Lead Securitization Note Holder (or any Servicer or the Trustee (if any) acting
on its behalf) shall exercise such rights and powers described in this Section 20 on the understanding that the Lead Securitization
Note Holder (or any Servicer or the Trustee (if any) acting on its behalf) shall administer the Mortgage Loan in a manner consistent
with the Servicing Agreement and this Agreement, provided that neither the Lead Securitization Note Holder nor any Servicer
or the Trustee (if any) acting on its behalf shall be liable to the other Holders with respect to anything the Lead Securitization
Note Holder or such Servicer or the Trustee (if any) may do or omit to do in relation to the Mortgage Loan, other than as expressly
set forth in this Agreement. Without limiting the generality of the foregoing, the Lead Securitization Note Holder and any Servicer
or the Trustee (if any) acting on its behalf may rely on the advice of legal counsel, accountants and other experts (including
those retained by the Mortgage Loan Borrowers) and upon any written communication or telephone conversation which the Lead Securitization
Note Holder or such Servicer or the Trustee (if any) believes to be genuine and correct or to have been signed, sent or made by
the proper Person.

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(c)          If
title to the Mortgaged Property is acquired for the benefit of the Holders in foreclosure, by deed-in-lieu of foreclosure or upon
abandonment or reclamation from bankruptcy, the deed or certificate of sale shall be taken in the name of the Lead Securitization
Note Holder or its nominee (which shall not include any Servicer) on behalf of the Holders. The Servicer, on behalf of the Holders,
shall dispose of any REO Property utilizing reasonable best efforts, consistent with Accepted Servicing Practices, to maximize
the proceeds of such disposal to the Holders (as a collective whole) if and when such Servicer determines, consistent with Accepted
Servicing Practices, that such disposal would be in the best economic interest of the Holders (as a collective whole). The Servicer
shall (and shall be required under the Servicing Agreement to) manage, conserve, protect and operate each REO Property for the
Holders solely for the purpose of its prompt disposition and sale in accordance with Accepted Servicing Practices.

(d)          The
Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement, to
do any and all things in connection with any REO Property as are consistent with Accepted Servicing Practices and the terms of
this Agreement, all on such terms and for such period as such Servicer deems to be in the best interests of Holders (as a collective
whole) and, in connection therewith, such Servicer shall only agree to the payment of management fees that are consistent with
general market standards or to terms that are more favorable to the Holders. The Servicer shall (and shall be required under the
Servicing Agreement to) segregate and hold all revenues received by it with respect to any REO Property separate and apart from
its own funds and general assets and shall establish and maintain with respect to any REO Property a segregated custodial account
(each, an “REO Account”). The Servicer shall (and shall be required under the Servicing Agreement to) deposit
or cause to be deposited in the REO Account within one Business Day after receipt all revenues received by it with respect to
any REO Property (other than Liquidation Proceeds, which shall be remitted to the Collection Account), and shall withdraw therefrom
funds necessary for the proper operation, management and maintenance of such REO Property and for other Costs with respect to
such REO Property, including:

(i)          all
insurance premiums due and payable in respect of any REO Property;

(ii)          all
real estate taxes and assessments in respect of any REO Property that may result in the imposition of a lien thereon;

(iii)         all
ground rents in respect of any REO Property;

(iv)         all
costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property; and

(v)          to
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above and the Servicer
has provided written notice of such shortfall to the Holders of the necessity to take actions pursuant to this subsection (d),
any expenditure associated with such actions taken by the Servicer shall be payable by the Holders at their option pursuant to
Section 9.

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(e)          The
Servicer shall contract with an independent contractor, the fees and expenses of which shall be an expense of the Holders and
payable out of REO Proceeds, for the operation and management of any REO Property, within forty-five (45) days after the Holders’
acquisition thereof (unless the Holders approve otherwise), provided that:

(i)           the
terms and conditions of any such contract shall be reasonable and consistent with the terms of this Agreement and customary for
the area and type of property and shall not be inconsistent herewith;

(ii)          any
such contract shall require, or shall be administered to require, that the independent contractor pay all costs and expenses incurred
in connection with the operation and management of such REO Property, including those listed above, and remit all related revenues
(net of such costs and expenses) to the Servicer as soon as practicable, but in no event later than thirty (30) days following
the receipt thereof by such independent contractor;

(iii)          none
of the provisions of this subsection (e) relating to any such contract or to actions taken through any such independent contractor
shall be deemed to relieve the Servicer of any of its duties and obligations to the Holders or the Lead Securitization Note Holder
on behalf of the Holders with respect to the operation and management of any such REO Property; and

(iv)          the
Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations
in connection with the operation and management of such REO Property.

(f)          The
Servicer shall be entitled to enter into any agreement with any independent contractor performing services for it related to its
duties and obligations hereunder for indemnification of such Servicer by such independent contractor, and nothing in this Agreement
shall be deemed to limit or modify such indemnification. When and as necessary, the Servicer shall send to the Holders a statement
prepared by the Servicer setting forth the amount of net income or net loss, as determined for federal income tax purposes, resulting
from the operation and management of a trade or business on, the furnishing or rendering of a non-customary service to the tenants
of, or the receipt of any other amount not constituting rents in respect of, any REO Property.

(g)          With
respect to the Specially Serviced Mortgage Loan or REO Property, which the Servicer has determined to sell in accordance with
Accepted Servicing Practices, the Servicer shall deliver to the Holders an officers’ certificate to the effect that, the
Servicer has determined to sell the Specially Serviced Mortgage Loan or REO Property in accordance with this subsection (g).
The Servicer may then offer to sell to any Person the Specially Serviced Mortgage Loan which is in default or the REO Property
(and shall on a monthly basis advise the Holders in writing of the status of the Specially Serviced Mortgage Loan or REO Property)
or, subject to the following sentence, purchase the Specially Serviced Mortgage Loan or REO Property (in each case at the Defaulted
Mortgage Loan Purchase Price), but shall, in any event, so offer to sell the REO Property no later than the time determined by
the Servicer to be sufficient to result in the sale of the REO Property within the period specified in the REMIC

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Provisions. The
Servicer shall deliver such officers’ certificate and give the Holders not less than ten (10) Business Days’ prior
written notice of its intention to sell the Specially Serviced Mortgage Loan or REO Property, in which case the Servicer shall
accept the highest offer received from any Person for the Specially Serviced Mortgage Loan or the REO Property in an amount at
least equal to the Defaulted Mortgage Loan Purchase Price or, at its option, if it has received no offer at least equal to the
Defaulted Mortgage Loan Purchase Price therefor, purchase the Specially Serviced Mortgage Loan or REO Property at the Defaulted
Mortgage Loan Purchase Price.

(h)          In
the absence of any such offer at the Defaulted Mortgage Loan Purchase Price, or purchase by the Servicer at the Defaulted Mortgage
Loan Purchase Price, such Servicer shall accept the highest offer received from any Person that is determined by such Servicer
to be a fair price for the Specially Serviced Mortgage Loan or REO Property; provided, that the Lead Securitization Note
Holder (or the Servicer, if the Servicer or any Affiliate of the Servicer is not an offeror) shall be entitled to engage, at the
expense of the Holders, an Appraiser to determine whether the highest offer is a fair price. Notwithstanding anything to the contrary
herein, none of the Mortgage Loan Borrowers or any Mortgage Loan Borrower Related Party may make an offer or purchase the Specially
Serviced Mortgage Loan or the REO Property pursuant hereto.

(i)          The
Servicer shall not be obligated by either of the foregoing paragraphs or otherwise to accept the highest offer if the Servicer
determines, in accordance with Accepted Servicing Practices, that rejection of such offer would be in the best interests of the
Holders as a collective whole. In addition, the Servicer may accept a lower offer if it determines, in accordance with Accepted
Servicing Practices, that acceptance of such offer would be in the best interests of the Holders as a collective whole (for example,
if the prospective buyer making the lower offer is more likely to perform its obligations, or the terms offered by the prospective
buyer making the lower offer are more favorable), provided that the offeror is not the Servicer or an Affiliate of the Servicer.
The Servicer shall in no event sell the Specially Serviced Mortgage Loan or the REO Property other than for cash.

(j)          Subject
to the other provisions of this Section 20, the Servicer shall act on behalf of the Holders in negotiating and taking other
action necessary or appropriate in connection with the sale of the Specially Serviced Mortgage Loan or REO Property, including
the collection of all amounts payable in connection therewith. Any sale of the Specially Serviced Mortgage Loan or REO Property
shall be without recourse to, or representation or warranty by, any Servicer or any Holder, and, if such sale is consummated in
accordance with the duties of the Servicer pursuant to the terms of this Agreement, no such Person who so performed shall have
any liability to any Holders with respect to the purchase price therefor accepted by the Servicer.

(k)          The
proceeds of any sale of the Specially Serviced Mortgage Loan or REO Property after deduction of the direct out-of-pocket expenses
of such sale incurred in connection therewith shall be promptly, and in any event within one (1) Business Day following receipt
thereof, deposited in the Collection Account. Within thirty (30) days after the sale of the REO Property, the Servicer shall provide
to the Holders a statement of accounting for the REO Property, including without limitation, (i) the date of disposition of the
REO Property, (ii) the gross sales price, the selling and other expenses and the net sales price, (iii) accrued interest on

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the
Note A Principal Balance at the applicable Note A Interest Rate, and on the Note B Principal Balance at the applicable Note B
Interest Rate calculated from the date of acquisition to the disposition date, and (iv) such other information as the Holders
may reasonably request. The Servicer shall file information returns regarding the abandonment or foreclosure of Mortgaged Property
with the Internal Revenue Service at the time and in the manner required by the Code.

(l)          The
provisions of subsections (c) through (k) of this Section 20 shall be of no further force and effect from and after the Lead Securitization
Date, and the analogous provisions of the Lead Securitization Servicing Agreement shall control.

21.         Certain
Powers of the Controlling Holder.

From and after
the Lead Securitization Date, the provisions of this Section 21 (other than clause (g)) shall not apply.

The following
provisions shall apply during the term of this Agreement:

(a)          The
Controlling Holder shall be entitled to appoint (or act as) a “directing lender” (the “Directing Holder”)
with respect to the Mortgage Loan and to exercise the rights and powers granted to the Directing Holder and the Controlling Holder
hereunder and under the Servicing Agreement (such designation to be made by written notice to the Lead Securitization Note Holder
(or the Servicer on its behalf)); provided, that if any of the Mortgage Loan Borrowers or any Mortgage Loan Borrower Related Party
owns any portion of Note B, the ownership interests of such Person shall be deemed to equal zero for the purposes of determining
which owners can vote to elect the Directing Holder, and provided, further, that in no event may any of the Mortgage Loan Borrowers
or any Mortgage Loan Borrower Related Party serve as the Directing Holder. Such designation shall remain in effect until it is
revoked by the Controlling Holder by a writing delivered to each of the other parties hereto.

(b)          Notwithstanding
anything to the contrary contained herein (but subject to Section 21(d)), the Lead Securitization Note Holder (or the Servicer
on its behalf) shall, prior to taking any Major Decision, be required to notify in writing the Directing Holder of any proposal
to take any of such actions (and to provide the Directing Holder with such information requested by such Directing Holder as may
be necessary in the reasonable judgment of such Directing Holder in order to make a judgment) and to receive the written approval
of the Directing Holder (which approval may be withheld in its sole discretion);

(c)          If
the Directing Holder fails to notify the Lead Securitization Note Holder (or the Servicer on its behalf) of its approval or disapproval
of any such Major Decision within ten (10) Business Days after delivery to the Directing Holder by the Lead Securitization Note
Holder (or the Servicer on its behalf) of written notice (“Action Notice”) of such a Major Decision (which
notice shall contain a legend, in capitalized, bold-faced type containing the following statement as the top of the first page:
“THIS IS A REQUEST FOR MAJOR DECISION APPROVAL. IF THE DIRECTING HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED MAJOR
ACTION WITHIN TEN (10) BUSINESS DAYS, SUCH MAJOR DECISION WILL BE DEEMED APPROVED BY THE DIRECTING HOLDER”) together with
any information requested by the Directing Holder pursuant to Section

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21(b) or this
Section 21(c), then if the Directing Holder fails to approve or reject the Major Decision within such ten (10) Business Day
period, the Directing Holder’s approval will be deemed to have been given for such Major Decision (provided, that if
the Directing Holder has failed to notify the Lead Securitization Note Holder (or the Servicer on its behalf) of its approval
or disapproval of any such Major Decision within five (5) Business Days following the delivery of the related Action Notice
together with any information requested by the Directing Holder pursuant to Section 21(b) or this Section 21(c), the Lead
Securitization Note Holder (or the Servicer on its behalf) will be required to promptly provide to the Directing Holder a
second Action Notice bearing the same legend as the first Action Notice). Notwithstanding the foregoing, any amounts funded
by any Holder under the Mortgage Loan Documents as a result of (1) the making of any protective Advances or (2) interest
accruals or accretions and any compounding thereof (including default interest) with respect to the Notes shall not at any
time be deemed to require prior notice to the Directing Holder (except as otherwise expressly required by this Agreement) or
otherwise contravene this subsection. To the extent the Mortgage Loan Borrower requests or the Servicer or Special Servicer
structures, as part of a workout or otherwise, an extension of the Mortgage Loan for two or more years beyond the Maturity
Date, the Servicer or Special Servicer, as applicable, shall obtain the prior written consent of the Lead Securitization Note
Holder (in the same manner as the Directing Holder) in addition to the consent of the Directing Holder. The provisions of
this Section 21(c) shall be of no further force and effect from and after the Lead Securitization Date, and the analogous
provisions of the Servicing Agreement shall control.

(d)          With
respect to any proposed action requiring consultation with or approval of the Directing Holder pursuant to Section 21(b), the
Lead Securitization Note Holder (or the Servicer on its behalf) shall prepare a summary of such proposed action and an analysis
of whether or not such action is reasonably likely to produce a greater recovery on a present value basis than not taking such
action, setting forth the basis on which the Lead Securitization Note Holder (or the Servicer on its behalf) made such determination,
and shall promptly provide to each Holder copies of such summary and any other material documents and items reasonably necessary
to make such determination by hard copy or electronic means on a timely basis. If any such proposed action is disapproved by the
Directing Holder, the Servicer shall propose an alternate action (based on any counter-proposals received from the Directing Holder,
to the extent such counter-proposal is consistent with Section 21(d) or, if no such counter-proposal is received by the Servicer
when the disapproval of the Directing Holder is delivered to the Servicer, then based on any alternate course of action that the
Lead Securitization Note Holder (or the Servicer on its behalf) may deem appropriate) until the approval of the Directing Holder
is obtained; provided that if the Servicer and Directing Holder do not agree on a proposed course of action within sixty (60)
days after the date on which the Servicer first proposed a course of action and the counter-proposals received from the Directing
Holder would, in the judgment of the Special Servicer, be permitted to be ignored by the Special Servicer in accordance with clause
(d) below), then after giving due consideration (subject to Section 21(d) hereof) to the alternatives and counterproposals, if
any, provided by the Directing Holder the Lead Securitization Note Holder (or the Servicer on its behalf) shall take such action
as it deems appropriate in accordance with Accepted Servicing Practices. Notwithstanding the foregoing, if in accordance with
Accepted Servicing Practices, (i) the Lead Securitization Note Holder (or the Servicer on its behalf) determines that emergency
action is necessary to protect the Mortgaged

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Property or the interests of the Holders (as a collective whole) at a time earlier
than the time that such Servicer would otherwise be entitled to take such action pursuant to this Section 21(d) or otherwise under
this Agreement and (ii) such action requires consultation with and/or consent of the Directing Holder, then it shall contact the
Directing (by telephone, email or fax) promptly and shall discuss (unless the Directing Holder and the Lead Securitization Note
Holder, as applicable, shall fail to respond in a reasonable time frame under the circumstances) the proposed action with such
Directing Holder and the Lead Securitization Note Holder, as applicable, and, if the consent of the Directing Holder would ordinarily
be required, attempt to reach agreement within the revised time frame prior to taking the proposed action, but shall be entitled
to take the necessary emergency action within the necessary time frame regardless of whether it has been able to contact or obtained
the agreement of the Directing Holder and the Lead Securitization Note Holder. If such emergency action is taken, the Lead Securitization
Note Holder (or the Servicer on its behalf) will promptly notify the Directing Holder of the action so taken, the Servicer’s
reasons for determining that immediate action was necessary and how the action differs from the proposed actions, if any, that
had theretofore been approved by the Directing Holder. The provisions of this Section 21(d) shall be of no further force and effect
from and after the Lead Securitization Date, and the analogous provisions of the Servicing Agreement shall control.

(e)          Notwithstanding
anything herein to the contrary, no advice, direction or objection from or by the Directing Holder, as contemplated by this Section
21, or no advice, direction or objection, if any, from or by any Non-Controlling Holder, may (and the related Holder (or the Servicer
on its behalf) shall ignore and act without regard to any such advice, direction or objection that such Holder (or Servicer on
its behalf) has determined, in its reasonable, good faith judgment, would): (A) require or cause such Holder (or the Servicer
on its behalf) to violate applicable law, the terms of the Mortgage Loan Documents or any section of this Agreement or any Servicing
Agreement, including such Servicer’s obligation to act in accordance with Accepted Servicing Practices, (B) result in the
imposition of federal income tax on any Securitization Trust, cause any REMIC to fail to qualify as a REMIC, (C) expose any Securitization
Trust, any certificateholder of any related Securitization, the Depositor or the depositor of any Non-Lead Securitization, the
Holders, the Servicer, the Trustee or the trustee of any Non-Lead Securitization, the Certificate Administrator or any certificate
administrator of any Non-Lead Securitization, the operating advisor of any Non-Lead Securitization or their respective Affiliates,
members, managers, officers, directors, employees or agents, to any material claim, suit or liability or (D) materially expand
the scope of the Servicer’s responsibilities under this Agreement or the related Servicing Agreement.

(f)          No
Controlling Holder or Directing Holder shall owe any fiduciary duty to the trustee, any servicer, any special servicer, any certificateholder
in any Securitization, or the other Holders. No Controlling Holder or Directing Holder shall have any liability to any of the
trustee, any servicer, any special servicer, any certificateholder in any Securitization or the other Holders for any action taken,
or for refraining from the taking of any action or the giving of any consent or for errors in judgment. By its acceptance of a
Note in the Mortgage Loan, each Holder shall be deemed to have confirmed its understanding that (i) a Directing Holder may take
or refrain from taking actions that favor the interests of the related Controlling Holder or its affiliates over the other Holder,
(ii) a Controlling Holder may take or refrain from taking actions

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(or cause the related Directing Holder to take or refrain from
taking actions) that favor its interest or the interests of its affiliates over the other Holder, (iii) a Controlling Holder or
Directing Holder may have special relationships and interests that conflict with the interest of the other Holder and shall be
deemed to have agreed to take no action against a Controlling Holder, a Directing Holder or any of their officers, directors,
employees, principals or agents as a result of such special relationships or conflicts, (iv) that no Controlling Holder shall
be liable by reason of its having acted or refrained from acting solely in its interest or in the interest of its affiliates,
and (v) that no Directing Holder shall be liable by reason of its having acted or refrained from acting solely in the interests
of the related Controlling Holder or its affiliates.

(g)          The
Controlling 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 replacement Special Servicer in lieu thereof. Any such replacement
Special Servicer shall be a Qualified Servicer in accordance with this Section 21(g). The Controlling Holder shall designate a
Person to serve as Special Servicer by delivering to the Non-Controlling Holders, the Servicer and the then existing Special Servicer
a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including
a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), and by delivering to Holder that is a Non-Lead
Securitization a Rating Agency Confirmation with respect to any rated securities issued in such Non-Lead Securitization. The Controlling
Holder shall promptly pay any expenses incurred by the Lead Securitization Note Holder (or the Servicer on its behalf) in connection
with such replacement. The Controlling 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 21(g). The fees payable
to any replacement Special Servicer contemplated in this Section 21(g) at any time, from and after the Lead Securitization, when
the Lead Securitization Servicing Agreement is no longer in effect, shall be at then market rates for such services. Upon the
occurrence of the Lead Securitization governing the servicing of the Mortgage Loan, the initial Special Servicer designated in
the applicable Lead Securitization Servicing Agreement shall serve as the initial Special Servicer. If a Servicer Termination
Event on the part of the Special Servicer has occurred that affects the Non-Controlling Holder, the Non-Controlling Holder shall
have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization, the Controlling
Holder) to terminate the Special Servicer under the applicable Servicing Agreement solely with respect to the Mortgage Loan pursuant
to and in accordance with the terms of the Servicing Agreement. The Controlling Holder and the Non-Controlling 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 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 Holder. From and after the Lead Securitization
Date, the termination and replacement of the Special Servicer shall be governed by the Lead Securitization Servicing Agreement.

(h)         [Reserved.]

(i)          Notwithstanding
the foregoing, within ten (10) Business Days after receipt by the Note B-1 Holder, the Note B-2 Holder or the Note B-3 Holder
of notice indicating that

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such Note B Holder is no longer the Controlling Holder, such Note B Holder may, at its option, post
with the Lead Securitization Note Holder (or, if a Securitization has occurred, with the applicable Master Servicer, Special Servicer,
or Trustee) (a) cash collateral for the benefit of, and reasonably acceptable to the Lead Securitization Note Holder, the Servicer
or the Special Servicer, as the case may be, or (b) a Letter of Credit (in each case, if there has been a Securitization, together
with documentation reasonably acceptable to the Lead Securitization Note Holder, the Servicer or the Special Servicer to create
and perfect a first priority security interest in favor of the Securitization in such collateral) (to be held by Lead Securitization
Note Holder in a segregated securities account solely and exclusively in the name of each Note A Holder, meeting the Rating Agency
criteria for an “eligible account” on behalf of each Note A Holder) in an amount which, when added to and for this
purpose considered a part of the appraised value of the Mortgaged Property, will cause the related Note B Holder to remain the
Controlling Holder (such cash or Letter of Credit, “Reserve Collateral”). The applicable Note B Holder may make such
election upon written notice to the Lead Securitization Note Holder of its intention to post Reserve Collateral, and upon notifying
Lead Securitization Note Holder of such intention, such Note B Holder shall post such Reserve Collateral as quickly as practicable
(but in no event more than three (3) Business Days following the receipt of the above notice) by delivering such Reserve Collateral
to Lead Securitization Note Holder. The applicable Note B Holder shall grant to and create in favor of each Note A Holder a first
priority perfected pledge and security interest in the Reserve Collateral in a manner reasonably satisfactory to Lead Securitization
Note Holder. Lead Securitization Note Holder will require an opinion, in form and substance and from counsel reasonably acceptable
to Lead Securitization Note Holder, regarding the validity, perfection and priority of each Note A Holder’s interest in
any Reserve Collateral. In addition, the applicable Note B Holder shall pay or cause to be paid any and all reasonable out of
pocket costs and expenses incurred by each Note A Holder (and any servicing party on its behalf) associated with the delivery
and/or pledge of such Reserve Collateral, including the costs and expenses of any opinion of counsel. Upon the posting of such
Reserve Collateral and satisfaction of the other conditions set forth above, the applicable Note B Holder shall be entitled to
exercise all of the rights of the Controlling Holder hereunder; provided, however, that such posting of such collateral and such
satisfaction of conditions shall not prevent such Note B Holder from losing its status as the Controlling Holder again (provided
that such collateral shall be taken into account in determining the Mortgaged Property’s value when calculating whether
such Note B Holder is no longer the Controlling Holder), in which event the foregoing provisions of this paragraph shall not again
apply and such Note B Holder shall not again be entitled to post Reserve Collateral. Any Reserve Collateral shall be treated as
an “outside reserve fund” for purposes of the REMIC provisions of the Internal Revenue Code of 1986, as amended, and
such property (and the right to reimbursement of any amounts with respect thereto from a REMIC) shall be beneficially owned by
such Note B Holder, who shall be taxed on all income with respect thereto. The provisions of this Section 21(i) shall be of no
further force and effect from and after the Lead Securitization Date.

(j)          Following
a Final Recovery Determination with respect to the Mortgage Loan and application of all proceeds of the liquidation of the Mortgage
Loan, the Mortgaged Property or any REO Property, the Lead Securitization Note Holder (or the Servicer on its behalf) shall be
entitled to draw on or liquidate the Reserve Collateral and apply the proceeds thereof to reimburse each Note A Holder for any
Trust Fund Expense or Realized Loss borne or

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experienced by each Note A Holder, plus interest thereon from the date such Trust
Fund Expenses or Realized Loss was borne or experienced to the date of reimbursement. Within ten (10) Business Days following
such Final Recovery Determination and application, the Lead Securitization Note Holder (or the Servicer on its behalf) shall pay
any remaining portion of such proceeds of the Reserve Collateral to the Note B Holder. The provisions of this Section 21(j) shall
be of no further force and effect from and after the Lead Securitization Date.

(k)          Notwithstanding
the foregoing, if a Letter of Credit is posted as Reserve Collateral, then the related Note B Holder shall provide a replacement
Letter of Credit from an Approved Bank in form and substance satisfactory to Lead Securitization Note Holder and each of such
Rating Agencies (i) at least fifteen (15) Business Days before the expiration of the delivered Letter of Credit, and (ii) if the
issuer of such Letter of Credit is at any time not an Approved Bank, within five (5) Business Days following written notice from
Lead Securitization Note Holder to such effect. If the related Note B Holder does not effect such a replacement within the periods
set forth in the preceding sentence, the Lead Securitization Note Holder shall be entitled immediately thereupon to draw on such
Letter of Credit to the full extent of the amount then remaining available thereunder, in which case Lead Securitization Note
Holder shall hold the proceeds of such draw as Reserve Collateral and shall be entitled to hold and apply such Reserve Collateral
in the manner and for the purposes otherwise set forth above and below. The provisions of this Section 21(k) shall be of no further
force and effect from and after the Lead Securitization Date.

22.          Further
Assurances. Each Holder acknowledges and agrees that each Holder may sell all or any portion of its respective Note, subject
to the rights of the other Holders and the terms of this Agreement, and the related Mortgage Loan Documents in connection with
the related Securitization. At the request and at the sole cost and expense of a requesting Holder, and to the extent not already
required to be provided by the other Holders under this Agreement, each Holder shall reasonably cooperate with such requesting
Holder and take such steps as may be reasonably required by such requesting Holder or any Rating Agency in order to satisfy the
market standards to which the requesting Holder customarily adheres or which may be reasonably required by the Rating Agencies
in connection with the related Securitization. Such cooperation shall include, without limitation, each Holder’s agreement
to:

(a)         execute
such amendments to this Agreement as may be requested by the requesting Holder or the Rating Agencies to effect the related Securitization,
provided that no such amendments shall materially and adversely affect any of the rights or remedies granted to any Note B Holder
hereunder (including, without limitation, the timing and amount of payment and the rights granted to a “Controlling Holder”
or “Directing Holder”) or increase the obligations of such Holder hereunder;

(b)         cooperate
with the reasonable requests from third-party service providers engaged by the requesting Holder to obtain, collect, and deliver
information requested or required by such Note A Holder or the Rating Agencies in connection with the Holders, the Notes or the
Mortgage Loan; and

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(c)         execute
amendments to the Mortgage Loan Documents to further sever the Notes.

Notwithstanding the
foregoing, in no event shall any Holder take any action or refrain from taking any action that would violate any law of any applicable
jurisdiction, would be inconsistent with Accepted Servicing Practices or would violate the REMIC Provisions of the Servicing Agreement
or any other provision of this Agreement in the Servicing Agreement.

23.          Reserved.

24.          No
Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Note
A Holders to the Note B Holders, or a loan from the Note B Holders to the Note A Holders. The Note B Holders shall not have any
interest in any property taken as security for the Mortgage Loan; provided, however, that if any such property or
the proceeds thereof shall be applied in respect of payments due under the Mortgage Loan, then the Note B Holder shall be entitled
to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement. The Holders
acknowledge and agree that the Mortgage Loan represents a single “claim” under Section 101 of the Bankruptcy Code,
and that the Note B Holders shall not be separate creditors of the Mortgage Loan Borrowers under the Bankruptcy Code.

25.          Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND THE RESPECTIVE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY
WITHIN SUCH STATE. 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.

26.          Modifications.
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto.
The party seeking modification of this Agreement shall be solely responsible for any and all reasonable expenses that may arise
in order to modify this Agreement. Additionally, from and after a Securitization, the Holders shall not amend or modify this Agreement
without first receiving (i) an opinion of counsel experienced in REMIC matters that such amendment or modification, in and of
itself, would not adversely affect the REMIC status of the Mortgage Loan or this Agreement, and (ii) a Rating Agency Confirmation,
except that no Rating Agency Confirmation shall be required in connection with a modification (x) prior to the Lead Securitization
Date, (y) to cure any ambiguity, to correct or supplement any provision herein that may be defective or inconsistent with any
other provisions herein or with the Servicing Agreement, or (z) to make other provisions with respect to matters or questions
arising under this Agreement, which shall not be inconsistent with the provisions of this Agreement, and (iii) if such modification,
cancellation or termination would adversely affect the rights or materially affect the duties of any Servicer or Trustee, the
written consent of such affected party.

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27.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective successors and assigns; provided, that no successors or assigns of any Initial Note A Holder or Initial
Note B Holder shall have any liability for a breach of representation or warranty set forth in this Agreement. Each Servicer and
Trustee (if any) is an intended third-party beneficiary of this Agreement. Except as provided in Section 8 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 or a successor
or assign of a party hereto.

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

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

30.          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 or, if mailed, upon the earlier to occur of receipt or the
expiration of the fourth (4th) day following the date of mailing.

31.          Note
Holder’s Access to Information. The Lead Securitization Note Holder (or the Interim Servicer) shall provide to the other
Holders and, from and after the Lead Securitization Date, the Lead Securitization Servicing Agreement shall provide that such
other Holders shall have access to, upon written request to the Servicer or the Trustee, as applicable, subject to any restrictions
on the distribution of such information contained in the Lead Securitization Servicing Agreement, (a) a summary of the current
status of principal and interest payments on the Mortgage Loan, (b) copies of the Mortgage Loan Borrowers’ current financial
statements, to the extent in the Servicer’s possession, (c) the most recent appraisal, if any, as to the value of the Mortgaged
Property, to the extent in the Servicer’s possession, (d) a copy of the Lead Securitization Servicing Agreement, (e) copies
of any default or acceleration notices sent to the Mortgage Loan Borrowers with respect to the Mortgage Loan and all material
correspondence related thereto, (f) material notices delivered to any Servicer by the Mortgage Loan Borrowers, (g) copies of each
other report provided to the Certificateholders in accordance with the express terms of the Lead Securitization Servicing Agreement
(but only to the extent such other reports relate to the Mortgage Loan or the Mortgage Loan Borrowers), and (h) other information
with respect to the Mortgage Loan Borrowers or the Mortgage Loan, reasonably requested by such other Holder, to the extent required
to be provided by the Servicer under the Lead Securitization Servicing Agreement and in the Servicer’s possession or reasonably

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obtainable by the Servicer, in each case at the sole cost and expense of such other Holder, to the extent not included in the
regular fees and charges of the Servicer (with respect to all out-of-pocket and the reasonable administrative and photocopying
costs of the Servicer).

32.          Custody
of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other
than the Notes, which will be held by the Holders thereof) will be held by a third-party custodian jointly selected by the Holders.
From and after the Lead Securitization Date, originals of all of the Mortgage Loan Documents (other than the Non-Standalone Notes
not included in the Lead Securitization, which will be held by the Holders thereof) shall be held by the Servicer, Trustee or
custodian on its behalf, or other applicable Person under the Lead Securitization Servicing Agreement.

33.          Statement
of Intent. It is the intention of the parties hereto that, for purposes of federal income taxes, state and local income and
franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, this Agreement shall be treated
as a grantor trust. The terms of this Agreement shall be interpreted to further this intention of the parties. The parties hereto
agree that, unless otherwise required by appropriate tax authorities, the Lead Securitization Note Holder (or the Trustee (if
any) on its behalf) shall file or cause to be filed annual or other necessary returns, reports and other forms consistent with
such intended characterization. Each other Holders, by its acceptance of its interest herein, agrees, unless otherwise required
by appropriate tax authorities, to file its own tax returns and reports in a manner consistent with such characterization. If
the Internal Revenue Service were to characterize this Agreement as a partnership for federal income tax purposes, then each such
other Holders authorizes and directs the Lead Securitization Note Holder to elect out of partnership accounting pursuant to Treasury
Regulation 1.761-2, and agrees to file its own tax returns and reports in a manner consistent therewith.

34.          Powers.
Except as expressly provided herein, the grantor trust created pursuant to this Agreement will not engage in any activity that
is inconsistent with the classification of this arrangement as a grantor trust for federal income tax purposes. Further, this
grantor trust shall not (a) acquire any additional assets or (b) modify (or agree to the modification of) or dispose of its assets
other than pursuant to the terms hereof. The grantor trust shall take no action (or fail to take any action) that will cause it
(by the taking or by the failure to take, as the case may be) to be classified as other than a grantor trust for federal income
tax purposes.

35.          Servicing
of the Loan. KeyBank National Association is hereby appointed by the Holders as the servicer of the Whole Loan. From and after
the Lead Securitization Date, pursuant to this Agreement and the Lead Securitization Servicing Agreement, KeyBank National Association
will be appointed as the master servicer of the Trust Loan and the primary servicer of the Whole Loan. Pursuant to the Lead Securitization
Servicing Agreement, KeyBank National Association will be appointed as the special servicer of the Whole Loan. From and after
the Lead Securitization Date, the Holders hereby agree that KeyBank National Association shall service the Whole Loan on behalf
of the Holders. Prior to the Lead Securitization Date, the Lead Securitization Note Holder shall have the right to appoint and
remove the Interim Servicer with or without cause under this Agreement and from and after the Lead Securitization Date, the Lead
Securitization Note Holder shall have the right to appoint and remove the Master Servicer

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and the Special Servicer in accordance
with 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 Servicer and/or the Special Servicer (except as set forth in the preceding sentence)
and, to the extent applicable, the Certificate Administrator, the Trustee or the paying agent on behalf of the Lead Securitization
Note Holder and the other Holders agree to cooperate with any such Persons with respect to its exercise of such rights and obligations.

36.          Registration
of Transfers. The Lead Securitization Note Holder (or the applicable Servicer or the Trustee on its behalf) shall maintain
a register on which it shall record the names and addresses of, and wire transfer instructions for, the Holders from time to time,
to the extent such information is provided in writing to it by any other Holders. Any transfer of a Note hereunder shall be recorded
on such register. The transferring Holder (or the transferee) shall reimburse the Lead Securitization Note Holder for the Lead
Securitization Note Holder’s reasonable third party out-of-pocket costs and expenses (including reasonable attorneys’
fees and disbursements) incurred in connection with the terms of this Section 36.

37.          Non-Recourse
Obligations of the Holders. Notwithstanding anything to the contrary contained herein or the Servicing Agreement (but subject
to Section 10 and Section 40 hereof), no Holder shall be personally liable hereunder or under the Servicing Agreement
other than to the extent of cash, property or other value realized or derived from its Note either (i) prior to its disbursement
and receipt by the Holder or (ii) after its receipt by the Holder under the circumstances and to the extent provided under Section
8(b) hereof.

38.          Termination.
This Agreement and the respective obligations and responsibilities under this Agreement of the parties hereto shall terminate
upon (a) mutual agreement by the parties hereto, evidenced in writing; (b) thirty (30) days after each of the Notes is paid in
full; or (c) payment (or provision for payment) to the Holders of all amounts held by or on behalf of the Servicer and required
under the Servicing Agreement, to be so paid on the last Remittance Date following final payment or other liquidation (or any
advance with respect thereto) of the Mortgage Loan or the Mortgaged Property; provided, however, that in no event
shall the arrangement created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants
of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James, living on the date hereof.

39.          Withholding
Taxes.

(a)          If
the Lead Securitization Note Holder or the Mortgage Loan Borrowers shall be required by law to deduct and withhold Taxes from
interest, fees or other amounts payable to the other Holders with respect to the Mortgage Loan as a result of such Holder constituting
a Non-Exempt Person, the Servicer shall be entitled to do so with respect to such Holder’s interest in such payment (all
withheld amounts being deemed paid to such Holder), provided that the Servicer shall furnish such 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 Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which such
Holder is subject to tax.

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

(c)          Each
Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan Borrowers) that it is not a Non-Exempt
Person and that neither the Lead Securitization Note Holder nor the Mortgage Loan Borrowers is obligated under applicable law
to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise pursuant to this Agreement. Contemporaneously
with the execution of this Agreement and from time to time as necessary during the term of this Agreement, each Holder shall deliver
to the Lead Securitization Note Holder, or the Servicer, as applicable, evidence satisfactory to the Lead Securitization Note
Holder substantiating that it 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, (a) if a 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 (b) if a 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 Borrowers
is treated for United States income tax purposes as derived in whole or part from sources within the United States, such 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-8BEN or Form W-8BEN-E, as applicable, or successor forms, as may be required from time to time, duly
executed by such Holder, as evidence of such 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 to each other Holder in respect of its
Note or otherwise until such Holder shall have furnished to the Lead Securitization Note Holder the requested forms, certificates,
statements or documents.

40.          Cooperation
in Securitization; Re-Sizing of A Note; Provisions Relating to Securitization.

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(a)          In
connection with the Lead Securitization or any Non-Lead Securitization, Note B Holders hereby consent to the inclusion in any
disclosure document relating to the Lead Securitization or such Non-Lead Securitization of the identity of the Note B Holders
and the identification of other Persons that control the related Note B (other than the identification of its limited partners
or other non-controlling investors). Note B Holders covenant and agree that in the event any Note A is to be included as an asset
of the Lead Securitization or any Non-Lead Securitization, Note B Holders shall, at the related Initial Note A Holder’s
sole cost and expense (including, without limitation, attorneys’ fees and disbursements reasonably incurred by Note B Holders)
and request, (i) meet with representatives of the Rating Agencies to discuss the business and operations of Note B Holders, (ii)
cooperate with the reasonable requests of each Rating Agency and such Initial Note A Holder in connection with the Lead Securitization
or such Non-Lead Securitization, as well as in connection with all other matters and the preparation of any offering documents
thereof and (iii) review and respond promptly with respect to any information (except as permitted above) relating to Note B Holders
in the Lead Securitization or such Non-Lead Securitization document.

(b)          Notwithstanding
any other provision of this Agreement, for so long as GACC or any affiliate of GACC, MSBNA or any affiliate of MSBNA, or Wells
Fargo or any affiliate of Wells Fargo (an “Initial Holder”) is the owner of a Note A (each, an “Owned
Note”), such Initial Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the
Mortgage Loan Borrowers to execute amended and restated notes or additional notes (in either case, “New Notes”)
reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such 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 such 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 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, (iv) the Initial Holder holding the New Notes shall notify
the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee
in writing of such modified allocations and principal amounts, and (v) the execution of such amendments and New Notes does not
violate Accepted Servicing Practices. If the Lead Securitization Note Holder so requests, the Initial Holder 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. 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 applicable Initial Holder, 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.

(c)          The
Lead Securitization Note Holder acknowledges and agrees that it 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):

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(i)          the
Master Servicer, Special Servicer and Trustee for such Lead Securitization shall be required to notify the master servicer, the
special servicer and the trustee under each Non-Lead Securitization Servicing Agreement of the amount of any P&I Advance it
has made with respect to the Standalone Notes included in the Lead Securitization Trust or Property Advances it has made with
respect to the Mortgaged Property within two (2) Business Days of making any such advance;

(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 Non-Lead Securitization Servicing Agreement written notice of such determination within
two (2) Business Days after such determination was made;

(iii)        the
Master Servicer shall remit all payments received (or advanced) with respect to each Non-Standalone Note, net of the Servicing
Fee payable with respect to each such Note, and any other applicable fees and reimbursements payable to the Master Servicer, the
Special Servicer and the Trustee, to the Holders of such Notes on or prior to the Remittance Date (or, with respect to any Non-Standalone
Note that has not been included in a Securitization, within one (1) Business Day after each Determination Date);

(iv)        with
respect to each other Note that is held by a Non-Lead Securitization, each of the Master Servicer and the Special Servicer agrees
to deliver to each of the respective master servicer under the related Non-Lead Securitization Servicing Agreement, all reports
required to be delivered by the Master Servicer and/or Special Servicer to the Trustee under the Lead Securitization Servicing
Agreement (which shall include all reports constituting the “CREFC® Investor Reporting Package (CREFC®
IRP)”) pursuant to the terms of the Lead Securitization Servicing Agreement;

(v)         the
Master Servicer and Special Servicer shall provide to each Non-Standalone 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 certificateholders)
in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing Agreement and Accepted Servicing
Practices;

(vii)       the
Holders of the Non-Standalone Notes shall be entitled to the same indemnity with respect to the Mortgage Loan as the Holders of
the Standalone Notes are provided with respect to the Mortgage Loan under the Lead Securitization Servicing Agreement; the Master
Servicer, any primary servicer, the Special Servicer, the trustee

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and the certificate administrator shall be required to indemnify
each “certification party” and the depositors under each Non-Lead Securitization Servicing Agreement related to any
public Non-Lead 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)      with
respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act of 1933, as
amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master Servicer,
any primary servicer, the Special Servicer and the Trustee, certificate administrator or other party acting as custodian under
the Lead Securitization Servicing Agreement 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 10-K, Form 10-D, Form 8-K),
and other materials specified in each of the Non-Lead Securitization Servicing Agreements as the parties to the applicable Non-Lead
Securitization may require in order to comply with their obligations under the Securities Act of 1933, as amended, Securities
Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable law, and (2) to the extent
applicable, to cooperate with any depositor in a Non-Lead Securitization in responding to comments from the Commission regarding
any materials provided by such party in the immediately preceding clause (1), and (b) without limiting the generality of the foregoing,
the Depositor for the Lead Securitization shall provide in a timely manner to the depositor and the trustee for any Non-Lead Securitization
a copy of the Lead Securitization Servicing Agreement and each of the Master Servicer, the Special Servicer, Trustee, certificate
administrator or other party acting as custodian for the Lead Securitization will be required to provide to the depositor, at
the expense of the requesting party, and the trustee for any Non-Lead 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 filing and market indemnification agreements, opinions and Regulation AB compliance letters as were or are
being delivered with respect to the Lead Securitization. The Master Servicer, any primary servicer and the Special Servicer shall
each be required to provide certification and indemnification to any Certifying Person with respect to any applicable Sarbanes-Oxley
Certification (or analogous terms) as such terms are defined in the related Non-Lead Securitization Servicing Agreement;

(ix)         each
of the Master Servicer, the Special Servicer, the custodian, the Trustee and the certificate administrator 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
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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);

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

(xi)         each
Holder of a Non-Standalone Note is an intended third-party beneficiary in respect of the rights afforded them under the Lead Securitization
Servicing Agreement and the related non-lead master servicers will be entitled to enforce the rights of the Holders of the Non-Standalone
Notes under this Agreement and the Lead Securitization Servicing Agreement;

(xii)        each
master servicer and special servicer under any Non-Lead Securitization 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 made in respect of any Note under the Lead Securitization Servicing Agreement and any Non-Lead Securitization Servicing
Agreement, as applicable;

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

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

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

(xvi)       Servicer
Termination Events (as defined in the Lead Securitization Servicing Agreement or analogous term) with respect to the Master Servicer
and the Special Servicer shall include (i) the failure to remit payments to the Holder of any Non-

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Standalone 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 Non-Lead Securitization, publicly citing servicing concerns with the Master Servicer or the Special Servicer,
as applicable, as the sole or material factor in such rating action; and (iii) the failure to provide to the Holder of any Non-Standalone
Note (if and to the extent required under the applicable Non-Lead Securitization Servicing Agreement) reports required under the
Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, within the time necessary for compliance
with the applicable filing requirements. Upon the occurrence of a Servicer Termination Event with respect to a Holder of any Non-Standalone
Note, the related Trustee under the Lead Securitization shall, upon the direction of the Holder of such Non-Standalone Note, require
the appointment of a subservicer with respect to the related Note or termination of the Master Servicer or Special Servicer, as
applicable;

(xvii)      the
Special Servicing Fee for the Mortgage Loan and any related REO Property shall be calculated at a rate not in excess of 12.5 basis
points (0.125%) per annum and shall accrue only while the Mortgage Loan is specially serviced or after the Mortgaged Property
has become REO Property;

(xviii)    subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the trust and servicing agreement for DBWF 2015-LCM, the Liquidation Fee for the Mortgage Loan if it is
a Specially Serviced Mortgage Loan or REO Property as to which a Liquidation Fee is payable shall not exceed 0.25% of the proceeds
of a full, partial or discounted payoff or the Net Liquidation Proceeds (as defined in the Lead Securitization Servicing Agreement)
related to a liquidation or repurchase of the Mortgage Loan, in each case exclusive of any portion of such payoff or Net Liquidation
Proceeds (as defined in the Lead Securitization Servicing Agreement) that represents Penalty Charges;

(xix)       subject
to various adjustments and caps provided for in the Lead Securitization Servicing Agreement, which shall be substantially similar
to those set forth in the trust and servicing agreement for DBWF 2015-LCM, the Workout Fee (as defined in the Lead Securitization
Servicing Agreement) for the Mortgage Loan shall not exceed 0.25% of each collection of interest and principal on the Mortgage
Loan;

(xx)        the
Trustee under the Lead Securitization Servicing Agreement shall promptly notify the trustee and the master servicer under any
Non-Lead Securitization 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

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

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Agreement

(11 Madison Avenue)

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(d)          Each
Non-Standalone Note Holder acknowledges and agrees that it shall cause the Non-Lead Securitization Servicing Agreement related
to the Non-Lead Securitization that includes its Non-Standalone Note to provide that:

(i)          the
applicable master servicer, special servicer and trustee for such Non-Lead Securitization shall be required to notify the master
servicer, special servicer and trustee of the Lead Securitization and each other Non-Lead Securitization of any monthly principal
and interest advance it has made with respect to the applicable Note included in such Non-Lead Securitization within two Business
Days of making such advance;

(ii)          if
the applicable master servicer, special servicer or trustee determines that a proposed monthly principal and interest advance
with respect to the related Note, if made, or any outstanding monthly principal and interest advance previously made, would be,
or is, as applicable, a “nonrecoverable advance,” the master servicer shall provide the Master Servicer and each master
servicer in any other Non-Lead Securitization written notice of such determination within 2 Business Days after such determination
was made;

(iii)         if
the related Holder of such Note is responsible for its proportionate share of any Nonrecoverable Property Advances (or any other
portion of a Nonrecoverable Property Advance) (and Advance Interest Amount thereon) or other fee or expense pursuant to Section
9, and that if funds received with respect to such Note are insufficient to cover such amounts, (x) the related master servicer
under the related Non-Lead Securitization Servicing Agreement will be required to pay the Master Servicer, Special Servicer or
Trustee under the Lead Securitization Servicing Agreement, as applicable, out of general funds in the collection account (or equivalent
account) established under the related Non-Lead Securitization Servicing Agreement and (y) if the Lead Securitization Servicing
Agreement permits the Master Servicer, Special Servicer or Trustee under the Lead Securitization Servicing Agreement to pay itself
from the Lead Securitization Trust’s general account then the master servicer under the related Non-Lead Securitization
Servicing Agreement will be required to reimburse the Lead Securitization Trust out of general funds in the collection account
(or equivalent account) established under the related Non-Lead Securitization Servicing Agreement (provided that this subclause
(iii) shall not apply to Nonrecoverable P&I Advances relating to any Standalone Notes);

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

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Agreement

(11 Madison Avenue)

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

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

(e)         Each
Non-Standalone Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement and any related Non-Lead
Securitization Servicing Agreement (in each case, that will not also be a party to such Non-Lead Securitization Servicing Agreement
related to the Non-Lead Securitization that will include such Holder’s Non-Standalone Note) notice of the related Non-Lead
Securitization in writing (which may be by e-mail) not less than 5 Business Days’ prior to the closing of such Non-Lead
Securitization. Such notice shall contain contact information for each of the parties to the applicable Non-Lead Securitization
Servicing Agreement. In addition, after the closing of the applicable Non-Lead Securitization, such Non-Standalone Note Holder
shall send (i) a copy of the related Non-Lead Securitization 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 Securitization
Servicing Agreement or the party designated to exercise the rights of the Non-Controlling Holder under this Agreement (together
with the relevant contact information).

(f)          Following
the closing of the Lead Securitization, upon receipt of written notice (which may be by email) of the closing of any Non-Lead
Securitization, the Depositor shall provide the depositor under the related Non-Lead Securitization Servicing Agreement with a
copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible format.

(g)         In
the event that a Non-Lead Securitization closes prior to the Lead Securitization, the Holder selling its Note into a Securitization
that will be the Lead

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Agreement

(11 Madison Avenue)

    	79

    	 

    

 

Securitization shall provide written notice 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
one Business Day after the day on which such document is executed), shall provide a copy of the Lead Securitization Servicing
Agreement in an EDGAR-compatible format.

[NO FURTHER TEXT ON THIS PAGE]

CO-Lender
Agreement

(11 Madison Avenue)

    	80

    	 

    

 

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

	 			
	 	Initial Note A-1 Holder:
	 	
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	         	
	 	By: 	/s/ Natalie Grainger	 
	 	 	Name: Natalie Grainger
	 	 	Title:   Director
	 	 	 
	 	By: 	/s/ Matt Smith	 
	 	 	Name: Matt Smith	 
	 	 	Title:   Director

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

    	 

    	 

    

  

	 	Initial Note A-2 Holder:
	 	
	 	MORGAN STANLEY BANK, N.A.
	 	 	         	
	 	By: 	/s/ George
Kok	 
	 	 	Name: George Kok
	 	 	Title: Managing Director

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	 

    	 

    

  

	 	Initial Note A-3 Holder:
	 	
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	         	
	 	By: 	/s/  Jeffrey L. Cirillo	 
	 	 	Name: Jeffrey L. Cirillo
	 	 	Title: Director

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

    	 

    	 

    

 

	 	Initial Note B-1 Holder:
	 	
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	         	
	 	By: 	/s/ Natalie Grainger	 
	 	 	Name: Natalie Grainger
	 	 	Title:   Director
	 	 	 
	 	By: 	/s/ Matt
Smith	 
	 	 	Name: Matt Smith
	 	 	Title:   Director

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

    	 

    	 

    

 

	 	Initial Note B-2 Holder:
	 	
	 	MORGAN STANLEY BANK, N.A.
	 	 	         	
	 	By: 	/s/  George Kok	 
	 	 	Name: George Kok
	 	 	Title: Managing Director

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

    	 

    	 

    

 

	 	Initial Note B-3 Holder:
	 	
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	         	
	 	By: 	/s/ Jeffrey L. Cirillo	 
	 	 	Name: Jeffrey L. Cirillo
	 	 	Title: Director

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

    	 

    	 

    

 

SCHEDULE
1

 

Permitted
Fund Managers

 

Westbrook
Partners

iStar Financial
Inc.

Capital
Trust

Archon Capital,
L.P.

Whitehall
Street Real Estate Fund, L.P.

The Blackstone
Group

Normandy
Real Estate Partners

Dune Real
Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis
Real Estate Partners

Apollo Real
Estate Advisors

Colony Capital,
Inc.

Praedium
Group

Fortress
Investment Group, LLC

Lonestar
Opportunity Funds

Clarion
Partners

Walton Street
Capital, LLC

Starwood
Financial Trust

BlackRock,
Inc.

Eightfold
Real Estate Capital, L.P.

DLJ Real
Estate Capital Partners

Land-Lease
Real Estate Investments

JER Partners

Rialto Capital
Management

Raith Capital
Partners

Torchlight
Investors, LLC

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	S-1

    	 

    

 EXHIBIT
A

MORTGAGE
LOAN SCHEDULE

A.          Description
of Mortgage Loan

	Mortgage
    Loan Borrowers:	11
    Madison Avenue Owner LLC, 

    11 Madison Avenue Owner 2 LLC, 

    11 Madison Avenue Owner 3 LLC, 

    11 Madison Avenue Owner 4 LLC, 

    11 Madison Avenue Owner 5 LLC, 

    11 Madison Avenue Owner 6 LLC, 

    11 Madison Eat Lender LLC
	Date
    of Mortgage Loan:	August
    18, 2015
	Initial
    Principal Amount of Mortgage Loan:	$1,075,000,000.00
	Closing
    Date Mortgage Loan Principal Balance:	$1,075,000,000.00
	Location
    of Mortgaged Property:	New
    York, New York
	Current
    Use of Mortgaged Property:	Office
	Mortgage
    Interest Rate:	3.5602%
    per annum (the weighted average of the Note A Interest Rate and the Note B Interest Rate), as of the date hereof
	Mortgage
    Default Rate:	6.5602%
    per annum (the weighted average of the Note A Default Interest Rate and the Note B Default Interest Rate), as of the
    date hereof (or such lesser rate permitted by applicable law)
	Maturity
    Date:	September
    6, 2025
	Prepayment
    Fee:	(a)
    If payment occurs prior to the Open Prepayment Date, the greater of (i) the Yield Maintenance Amount, or (ii) 2% of the unpaid
    principal balance of the Notes as of the repayment date, and (b) if payment occurs on or prior to the Defeasance Lockout Expiration
    Date, 1% of the principal amount being prepaid (the “Liquidated Damages Amount”).

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	A-1

    	 

    

 

B.          Description
of Notes

 

	Closing
    Date	August
    18, 2015
	Initial
    Note A-1-S1 Principal Balance	$75,720,000.00
	Initial
    Note A-1-S2 Principal Balance	$75,720,000.00
	Initial
    Note A-1-S3 Principal Balance	$75,720,000.00
	Initial
    Note A-2-S1 Principal Balance	$33,127,500.00
	Initial
    Note A-2-S2 Principal Balance	$33,127,500.00
	Initial
    Note A-2-S3 Principal Balance	$33,127,500.00
	Initial
    Note A-3-S1 Principal Balance	$23,662,500.00
	Initial
    Note A-3-S2 Principal Balance	$23,662,500.00
	Initial
    Note A-3-S3 Principal Balance	$23,662,500.00
	Initial
    Note A-1-C1 Principal Balance	$70,000,000.00
	Initial
    Note A-1-C2 Principal Balance	$70,000,000.00
	Initial
    Note A-1-C3 Principal Balance	$69,600,000.00
	Initial
    Note A-2-C1 Principal Balance	$50,000,000.00
	Initial
    Note A-2-C2 Principal Balance	$41,700,000.00
	Initial
    Note A-3-C1 Principal Balance	$35,000,000.00
	Initial
    Note A-3-C2 Principal Balance	$30,500,000.00
	Initial
    Note B-1-S Principal Balance	$177,525,714.29
	Initial
    Note B-2-S Principal Balance	$77,667,500.00
	Initial
    Note B-3-S Principal Balance	$55,476,785.71
	Approximate
    Initial Note A-1-S1 Percentage Interest	7.04%
	Approximate
    Initial Note A-1-S2 Percentage Interest	7.04%
	Approximate
    Initial Note A-1-S3 Percentage Interest	7.04%
	Approximate
    Initial Note A-2-S1 Percentage Interest	3.08%
	Approximate
    Initial Note A-2-S2 Percentage Interest	3.08%
	Approximate
    Initial Note A-2-S3 Percentage Interest	3.08%
	Approximate
    Initial Note A-3-S1 Percentage Interest	2.20%
	Approximate
    Initial Note A-3-S2 Percentage Interest	2.20%
	Approximate
    Initial Note A-3-S3 Percentage Interest	2.20%
	Approximate
    Initial Note A-1-C1 Percentage Interest	6.51%
	Approximate
    Initial Note A-1-C2 Percentage Interest	6.51%

  

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	A-2

    	 

    

 

	Approximate
    Initial Note A-1-C3 Percentage Interest	6.47%
	Approximate
    Initial Note A-2-C1 Percentage Interest	4.65%
	Approximate
    Initial Note A-2-C2 Percentage Interest	3.88%
	Approximate
    Initial Note A-3-C1 Percentage Interest	3.26%
	Approximate
    Initial Note A-3-C2 Percentage Interest	2.84%
	Approximate
    Initial Note B-1-S1 Percentage Interest	16.51%
	Approximate
    Initial Note B-1-S2 Percentage Interest	7.22%
	Approximate
    Initial Note B-1-S3 Percentage Interest	5.16%
	Note
    A-1-S1 Interest Rate	3.5602%
    per annum
	Note
    A-1-S2 Interest Rate	3.5602%
    per annum
	Note
    A-1-S3 Interest Rate	3.5602%
    per annum
	Note
    A-2-S1 Interest Rate	3.5602%
    per annum
	Note
    A-2-S2 Interest Rate	3.5602%
    per annum
	Note
    A-2-S3 Interest Rate	3.5602%
    per annum
	Note
    A-3-S1 Interest Rate	3.5602%
    per annum
	Note
    A-3-S2 Interest Rate	3.5602%
    per annum
	Note
    A-3-S3 Interest Rate	3.5602%
    per annum
	Note
    A-1-C1 Interest Rate	3.5602%
    per annum
	Note
    A-1-C2 Interest Rate	3.5602%
    per annum
	Note
    A-1-C3 Interest Rate	3.5602%
    per annum
	Note
    A-2-C1 Interest Rate	3.5602%
    per annum
	Note
    A-2-C2 Interest Rate	3.5602%
    per annum
	Note
    A-3-C1 Interest Rate	3.5602%
    per annum
	Note
    A-3-C2 Interest Rate	3.5602%
    per annum
	Note
    B-1-S Interest Rate	3.5602%
    per annum
	Note
    B-2-S Interest Rate	3.5602%
    per annum
	Note
    B-3-S Interest Rate	3.5602%
    per annum
	Note
    A-1-S1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S1 Interest Rate
	Note
    A-1-S2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S2 Interest Rate
	Note
    A-1-S3 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-S3 Interest Rate
	Note
    A-2-S1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S1 Interest Rate
	Note
    A-2-S2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S2 Interest Rate

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	A-3

    	 

    

 

	Note
    A-2-S3 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-S3 Interest Rate
	Note
    A-3-S1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S1 Interest Rate
	Note
    A-3-S2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S2 Interest Rate
	Note
    A-3-S3 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-S3 Interest Rate
	Note
    A-1-C1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C1 Interest Rate
	Note
    A-1-C2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C2 Interest Rate
	Note
    A-1-C3 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-1-C3 Interest Rate
	Note
    A-2-C1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C1 Interest Rate
	Note
    A-2-C2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-2-C2 Interest Rate
	Note
    A-3-C1 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-C1 Interest Rate
	Note
    A-3-C2 Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note A-3-C2 Interest Rate
	Note
    B-1-S Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note B-1-S Interest Rate
	Note
    B-2-S Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note B-2-S Interest Rate
	Note
    B-3-S Default Interest Rate	the
    lesser of (i) the maximum legal rate and (ii) 3% above the Note B-3-S Interest Rate

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	A-4

    	 

    

 

EXHIBIT
B

NOTICES

Note
A-1 Holder:

German
American Capital Corporation

60
Wall Street, 10th Floor

New
York, NY 10005

Attention:
Robert W. Pettinato, Jr.

Facsimile
No.: (212) 797-4489

Note
A-2 Holder:

Morgan
Stanley Bank, N.A.

1585
Broadway

New
York, New York 10036

Attention:
Stephen Holmes

with
a copy to:

Morgan
Stanley Bank, N.A.

1221
Avenue of the Americas

New
York, New York 10020

Attention:
Legal Compliance Division

Note
A-3 Holder:

Wells
Fargo Bank, National Association

Wells
Fargo Center

1901
Harrison Street, 2nd Floor

MAC
A0227-020

Oakland,
California 94612

Attention:
Commercial Mortgage Servicing

Facsimile
No.: 866-359-5352

Note
B-1 Holder:

German
American Capital Corporation

60
Wall Street, 10th Floor

New
York, NY 10005

Attention:
Robert W. Pettinato, Jr.

Facsimile
No.: (212) 797-4489

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

  

    	B-1

    	 

    

Note
B-2 Holder:

Morgan
Stanley Bank, N.A.

1585
Broadway

New
York, New York 10036

Attention:
Stephen Holmes

with
a copy to:

Morgan
Stanley Bank, N.A.

1221
Avenue of the Americas

New
York, New York 10020

Attention:
Legal Compliance Division

Note
B-3 Holder:

Wells
Fargo Bank, National Association

Wells
Fargo Center

1901
Harrison Street, 2nd Floor

MAC
A0227-020

Oakland,
California 94612

Attention:
Commercial Mortgage Servicing

Facsimile
No.: 866-359-5352

 

In
the case of each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note B-1 Holder, the Note B-2 Holder and
the Note B-3 Holder, with a copy to:          

 

Sidley Austin
LLP

78 Seventh Avenue

New York, New York 10019

Attention: Kevin Blauch

Facsimile Number:

 

		Co-Lender
    Agreement
	 	(11 Madison Avenue)

 

    	B-2

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