Document:

Exhibit 4.13

  

EXECUTION
VERSION

 

CO-LENDER
AGREEMENT

 

Dated
as of June 13, 2017

by and between

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note A-A-1 Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note A-A-2 Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note A-A-3 Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note A-B Holder)

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note B-A Holder)

 

and

 

NATIXIS
REAL ESTATE CAPITAL LLC

(Initial Note B-B Holder)

 

85
Broad Street

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1	Definitions	2
	Section 2	Servicing of the Mortgage Loan	19
	Section 3	Priority of Payments	23
	Section 4	Workout	28
	Section 5	Administration of the Mortgage Loan	29
	Section 6	Appointment of Controlling Note Holder Representative and Non-Controlling Senior Note Holder Representative	33
	Section 7	Appointment of Special Servicer	37
	Section 8	Payment Procedure	38
	Section 9	Limitation on Liability of the Note Holders	39
	Section 10	Bankruptcy	39
	Section 11	Representations of the Note Holders	40
	Section 12	No Creation of a Partnership or Exclusive Purchase Right	40
	Section 13	Other Business Activities of the Note Holders	41
	Section 14	Sale of the Notes	41
	Section 15	Registration of the Notes and Each Note Holder	44
	Section 16	Governing Law; Waiver of Jury Trial	44
	Section 17	Submission To Jurisdiction; Waivers	44
	Section 18	Modifications	45
	Section 19	Successors and Assigns; Third Party Beneficiaries	45
	Section 20	Counterparts	45
	Section 21	Captions	46
	Section 22	Severability	46
	Section 23	Entire Agreement	46
	Section 24	Withholding Taxes	46
	Section 25	Custody of Mortgage Loan Documents	47
	Section 26	Cooperation in Securitization	47
	Section 27	Notices	48
	Section 28	Broker	49
	Section 29	Certain Matters Affecting the Agent	49
	Section 30	Termination and Resignation of Agent	49
	Section 31	Resizing	50
	Section 32	Cure Rights of Note B-A Holder and Note B-B Holder	50
	Section 33	Purchase Rights of Note B-B Holder and of Note B-A Holder	52
	 	 	 

 

    i 

     

    

 

THIS
CO-LENDER AGREEMENT (this “Agreement”), dated as of June 13, 2017, by and among NATIXIS REAL ESTATE
CAPITAL LLC (“Natixis”, in its capacity as initial owner of Note A-A-1, the “Initial Note A-A-1
Holder”, and in its capacity as the initial agent, the “Initial Agent”), NATIXIS REAL ESTATE
CAPITAL LLC (in its capacity as initial owner of Note A-A-2, the “Initial Note A-A-2 Holder”), NATIXIS
REAL ESTATE CAPITAL LLC (in its capacity as initial owner of Note A-A-3, the “Initial Note A-A-3 Holder”),
NATIXIS REAL ESTATE CAPITAL LLC (in its capacity as initial owner of Note A-B, the “Initial Note A-B
Holder”), NATIXIS REAL ESTATE CAPITAL LLC (in its capacity as initial owner of Note B-A, the “Initial Note
B-A Holder”) and NATIXIS REAL ESTATE CAPITAL LLC (in its capacity as initial owner of Note B-B, the
“Initial Note B-B Holder” and, together with the Initial Note A-A-1 Holder, the Initial Note A-A-2 Holder, the Initial Note A-A-3 Holder, the Initial Note A-B Holder and the Initial Note B-A Holder, the “Initial
Note Holders”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), Natixis originated a certain loan (the “Mortgage Loan”)
described on schedule Exhibit A hereto (the “Mortgage Loan Schedule”) to the mortgage loan borrower
described on the Mortgage Loan Schedule (collectively, the “Mortgage Loan Borrower”), which was evidenced by
that certain Consolidated, Amended and Restated Promissory Note in the original principal amount of $358,600,000.00 dated as of
May 24, 2017 (the “Consolidated Note”) made by the Mortgage Loan Borrower in favor of Natixis, and secured
by a certain first mortgage (as amended, modified or supplemented, the “Mortgage”) on one or more parcels of,
or estates in, real property located as described on the Mortgage Loan Schedule (collectively, the “Mortgaged Property”);

 

WHEREAS,
Natixis has elected to split the Consolidated Note into the following promissory notes (as amended, modified or supplemented,
each a “Note” and collectively, the “Notes”), the designation and original principal amount
of which are as set forth below, each dated as of June 13, 2017, made by the Mortgage Loan Borrower in favor of the Initial Note
Holders:

 

	Note	Initial
    Note Holder	Original
    Principal Balance
	Note
    A-A-1	Natixis	$70,000,000
	Note
    A-A-2	Natixis	$20,000,000
	Note
    A-A-3	Natixis	$79,000,000
	Note
    A-B	Natixis	$72,000,000
	Note
    B-A	Natixis	$58,800,000
	Note
    B-B	Natixis	$58,800,000

 

WHEREAS,
each Initial Note Holder desires to enter into this Agreement to memorialize the terms under which they, and their successors
and assigns, shall hold the Notes;

 

     

     

    

 

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

 

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

 

“A-B
Note” shall mean Note A-B, as further described on the Mortgage Loan Schedule.

 

“Additional
Servicing Expenses” shall mean (a) all property protection advances, fees and/or expenses incurred by and reimbursable
to any Servicer, Trustee or Certificate Administrator pursuant to the Lead Securitization Servicing Agreement, and (b) all interest
accrued on Advances made by any Servicer or Trustee in accordance with the terms of the Lead Securitization Servicing Agreement;
provided that: (i) the aggregate special servicing fee (which fee is payable solely during the period that the Mortgage
Loan is specially serviced) shall not exceed 0.25%, (ii) the special servicing liquidation fee rate (or equivalent) shall not
exceed 1.00%; and (iii) the special servicing workout fee rate (or equivalent) shall not exceed 1.00%.

 

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

 

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

 

“A
Notes” shall mean each of Note A-A-1, Note A-A-2 and Note A-A-3, as further described on the Mortgage Loan Schedule.

 

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

 

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

 

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

 

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

 

    	2 

     

    

 

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

 

“Appraisal
Reduction Amount” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

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

 

“Appraisal
Review Period” shall have the meaning assigned to such term in Section 5(d)(ii).

 

“Appraised-Out
Holder” shall have the meaning assigned to such term in Section 5(d)(i).

 

“Appraised
Value” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Casualty/Condemnation
Prepayment” shall mean any Insurance Proceeds or Condmenation Proceeds that are requried to be applied as a prepayment
of the Mortgage Loan pursuant to the terms of the Mortgage Loan Agreement.

 

“Certificates”
shall mean any securities issued in connection with the Lead Securitization or a Non-Lead Securitization.

 

“Certificate
Administrator” shall mean Wells Fargo Bank, National Association or its successor in interest, or any successor Certificate
Administrator appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

    	3 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Control
Appraisal Period” means:

 

(a)
with respect to Note B-B, a Note B-B Control Appraisal Period;

 

(b)
with respect to Note B-A, a Note B-A Control Appraisal Period; and

 

(c)
with respect to Note A-B, a Note A-B Control Appraisal Period.

 

“Controlling
Note Holder” shall mean as of the Closing Date, the Note B-B Holder, and thereafter, as of any date of determination:

 

(a)
if a Note B-B Control Appraisal Period has occurred and is continuing, but a Note B-A Control Appraisal Period has not occurred
and is continuing, the Note B-A Holder;

 

(b)
if a Note B-A Control Appraisal Period has occurred and is continuing, but a Note A-B Control Appraisal Period has not occurred
and is continuing, the Note A-B Holder, and

 

(c)
if a Note A-B Control Appraisal Period has occurred and is continuing, the Note A-A-1 Holder

 

At
any time that Note A-B or Note A-A-1 is included in the Lead Securitization and the Note A-B Holder or the Note A-A-1 Holder is
the “Controlling Note Holder” pursuant to this definition, the rights of the “Controlling Note Holder”
herein may be exercised by the holders of the majority of the class of securities issued in the Lead Securitization designated
as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling
Note Holder” hereunder, as and to the extent provided in the Lead Securitization Servicing Agreement.

 

    	4 

     

    

 

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

 

“Cure
Period” shall have the meaning assigned to such term in Section 32(a).

 

“Curing
Note Holder” shall have the meaning assigned to such term in Section 32(a).

 

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

 

“Defaulted
Mortgage Loan Purchase Date” shall have the meaning assigned to such term in Section 33.

 

“Defaulted
Mortgage Loan Purchase Price” shall mean, with respect to the exercise of the right to purchase the Lead Securitization
Notes, the Non-Lead Securitization Note Holder and, if applicable, Note B-A pursuant to Section 33 the sum, without duplication,
of:

 

(a)
the Note Principal Balance of Note A-A-1, Note A-A-2, Note A-A-3 and Note A-B;

 

(b)
accrued and unpaid interest thereon at the applicable Note Rate, from the date as to which interest was last paid in full by Mortgage
Loan Borrower up to and including the end of the interest accrual period relating to the Monthly Payment Date next following the
date the purchase occurred;

 

(c)
any other amounts due under the Mortgage Loan, other than prepayment premiums, default interest, late fees, exit fees and any
other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser,
the Defaulted Mortgage Loan Purchase Price shall include prepayment premiums, default interest, late fees, exit fees and any other
similar fees;

 

(d)
any unreimbursed Servicing Advances and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation,
Servicing Advances payable or reimbursable to any Servicer, and earned and unpaid special servicing fees);

 

(e)
any accrued and unpaid Advance Interest Amount;

 

(f)
(i) if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser or (ii) if Note A-A-1, Note A-A-2,
Note A-A-3, Note A-B and Note B-A are purchased after ninety (90) days after such option first becomes exercisable pursuant to
Section 33 of this Agreement, any liquidation or workout fees payable under the Lead Securitization Servicing Agreement and the
Non-Lead Securitization Servicing Agreement with respect to each of such Notes; and

 

(f)
in the case of an exercise of the purchase option by the Note B-B Holder, the Note Principal Balance of Note B-A plus accrued
and unpaid interest thereon at the applicable Note Rate, from the date as to which interest was last paid in full by Mortgage

 

    	5 

     

    

 

Loan Borrower up to and including the end of the interest accrual period relating to the Monthly Payment Date next following the
date the purchase occurred.

 

If
the Mortgage Loan is converted into a REO Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest
will be deemed to continue to accrue at the applicable Note Rate on the Note Principal Balance of Note A-A-1, Note A-A-2, Note
A-A-3, Note A-B and, if applicable, Note B-A as if the Mortgage Loan were not so converted. In no event shall the Defaulted Mortgage
Loan Purchase Price include amounts due or payable to the Note Holder exercising the purchase right under this Agreement.

 

“Depositor”
shall mean Credit Suisse Commercial Mortgage Securities Corp.

 

“Determination
Date” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Directing
Certificateholder” shall have the meaning assigned to such term in Section 6(c).

 

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

 

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

 

“Indemnified
Items” shall have the meaning assigned to such term in Section 2(d).

 

“Indemnified
Parties” shall have the meaning assigned to such term in Section 2(d).

 

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

  

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

 

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

 

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

 

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

 

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

 

    	6 

     

    

 

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

 

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

 

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

 

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

 

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

 

“Lead
Securitization” shall mean the Securitization of the Lead Securitization Notes in a Securitization Trust to be designated
by the Note A-A-1 Holder.

 

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

 

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

 

“Lead
Securitization Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection
with the Securitization of the Lead Securitization Notes and issuance of the CSAIL 2017-C8 Commercial Mortgage Securities Trust,
Commercial Mortgage Pass-Through Certificates, Series 2017-C8, by and among (a) the Trustee, (b) the Master Servicer, (c) the
Special Servicer, (d) the Depositor, (e) the Operating Advisor, (f) the Asset Representations Reviewer and (g) the Certificate
Administrator.

 

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

 

    	7 

     

    

 

“Major
Decisions” shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

 

“Master
Servicer” shall mean Wells Fargo Bank, National Association, or its successor in interest, or any successor Master Servicer
appointed as provided in the Lead Securitization Servicing Agreement.

 

“Monetary
Default” shall have the meaning assigned to such term in Section 32(a).

 

“Monetary
Default Notice” shall have the meaning assigned to such term in Section 32(a).

 

“Monthly
Payment” shall mean have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Mortgage
Loan Agreement” shall mean that certain Loan Agreement, dated as of May 24, 2017, between Natixis, as lender, and 85
Broad Street Property Owner LLC and 85 Broad Street TRS LLC, collectively, as borrower, as the same may be further amended, restated,
renewed, extended, modified or supplemented from time to time, subject to the terms hereof.

 

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

 

“Mortgage
Loan Borrower Related Party” shall have the meaning given to the term “Borrower Party Affiliate” in the
Lead Securitization Servicing Agreement.

 

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

 

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

 

    	8 

     

    

 

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

 

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

 

“Net
Note Rate” means, with respect to each Note, the Note Rate minus the applicable Servicing Fee Rate.

 

“New
Note” shall have the meaning assigned to such term in Section 31.

 

“Non-Controlling
Senior Note Holder” means the Note A-A-3 Holder.

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead
Securitization Note” shall mean Note A-A-3.

 

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

 

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

 

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

 

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

 

    	9 

     

    

 

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

 

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

 

“Non-Monetary
Default Cure Period” shall have the meaning assigned to such term in Section 32(d).

 

“Non-Monetary
Default” shall have the meaning assigned to such term in Section 32(d).

 

“Non-Monetary
Default Notice” shall have the meaning assigned to such term in Section 32(d).

 

“Note
Holder Purchase Notice” shall have the meaning assigned to such term in Section 33.

 

“Note(s)”
shall have the meaning assigned to such term in the recitals.

 

“Note
A Holder” shall mean with regards to any A Note, the Initial Note Holder of such A Note or any subsequent holder of
such A Note, as applicable.

 

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

 

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

 

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

 

“Note
A-B Control Appraisal Period” means any period, with respect to the Mortgage Loan, if and for so long as:

 

		(a)	(I)
                                         the sum of (1) the initial Note Principal Balance of Note A-B minus (2) the sum
                                         (without duplication) of (x) any payments of principal (whether as principal prepayments
                                         or otherwise) allocated to, and received on, Note A-B after the date of creation of Note
                                         A-B, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the
                                         Note A-B and (z) any losses realized with respect to any Mortgaged Property or the Mortgage
                                         Loan that are allocated to Note A-B, plus (3) the Threshold Event Collateral then
                                         held by the Servicer, is less than

 

(II)
twenty-five percent (25%) of the remainder of the (i) initial Note Principal Balance of Note A-B less (ii) any payments of principal
(whether as principal prepayments or otherwise) allocated to, and received by, the Note A-B Holder on Note A-B after the date
of creation of Note A-B; or

 

    	10 

     

    

 

(b)           any interest in the such Note is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage
Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights of the Note A-B Holder
as the Controlling Note Holder.

 

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

 

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

 

“Note
B-A” shall mean Note B-A, as further described on the Mortgage Loan Schedule.

 

“Note
B-A Control Appraisal Period” means any period, with respect to the Mortgage Loan, if and for so long as:

 

		(a)	(I))
                                         the sum of (1) the initial Note Principal Balance of Note B-A minus (2) the sum
                                         (without duplication) of (x) any payments of principal (whether as principal prepayments
                                         or otherwise) allocated to, and received on, Note B-A after the date of creation of Note
                                         B-A, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the
                                         Note B-A and (z) any losses realized with respect to any Mortgaged Property or the Mortgage
                                         Loan that are allocated to Note B-A, plus (3) the Threshold Event Collateral then
                                         held by the Servicer, is less than

 

(II)
twenty-five percent (25%) of the remainder of the (i) initial Note Principal Balance of Note B-A less (ii) any payments of principal
(whether as principal prepayments or otherwise) allocated to, and received by, the Note B-A Holder on Note B-A after the date
of creation of Note B-A; or

  

(b)           any interest in the such Note is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage
Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights of the Note B-A Holder
as the Controlling Note Holder.

 

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

 

“Note
B-B” shall mean Note B-B, as further described on the Mortgage Loan Schedule.

 

“Note
B-B Control Appraisal Period” means any period, with respect to the Mortgage Loan, if and for so long as:

 

		(a)	(I)
the initial Note Principal Balance of Note B-B minus (2) the sum (without duplication) of (x) any payments of principal
(whether as principal prepayments or otherwise) allocated to, and received on, Note B-

 

    	11 

     

    

 

	 	 	B after the date of creation of Note B-B, (y) any Appraisal
                                         Reduction Amount for the Mortgage Loan that is allocated to the Note B-B and (z) any
                                         losses realized with respect to any Mortgaged Property or the Mortgage Loan that are
                                         allocated to Note B-B, plus (3) the Threshold Event Collateral then held by the
                                         Servicer, is less than

 

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

 

(b)          any interest in the such Note is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage
Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights of the Note B-B Holder
as the Controlling Note Holder..

 

“Note
B-B Holder” shall mean with regards to the Note B-B, the Initial Note B-B Holder or any subsequent holder of such Note
B-B, as applicable.

 

“Note
B Holder” shall mean with regards to any Note B, the Initial Note Holder of such Note B or any subsequent holder of
such Note B, as applicable.

 

“Note
Holder” shall mean with regards to any Note, the Initial Note Holder or any subsequent holder of such Note, as applicable.

 

“Note
Holders” shall mean collectively, the Initial Note Holders or any subsequent holder of the Notes.

 

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

 

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

 

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

 

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

 

“Original
Entity” shall have the meaning assigned to such term in Section 31.

 

“Owned
Note” shall have the meaning assigned to such term in Section 31.

 

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

 

    	12 

     

    

 

respect of a delinquent monthly debt service payment on the related Non-Lead Securitization Note.

 

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

 

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C
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 $100,000,000 and (iii) not
subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

 

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

 

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

 

“Pro
Rata Share” shall mean with respect to each A Note and the Note Holder of such A Note, a fraction, expressed as a percentage,
the numerator of which is the Note Principal Balance of such A Note and the denominator of which is the sum of the Note Principal
Balance of all of the A Notes.

 

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

 

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

 

(b)          one
or more of the following:

 

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

 

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

 

    	13 

     

    

 

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

 

(iv)          an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $100,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional Lender
under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in clause (i)
or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager responsible for
the day-to-day management and operation of such investment vehicle and provided that at least 50% of the equity interests
in such investment vehicle are owned, directly or indirectly, by one or more entities that are otherwise either (a) Qualified
Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set forth below in this definition),
or (b) meet the capital surplus/equity and total asset requirements set forth below in this definition, or

 

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

 

in
the case of any entity referred to in clause (b)(i), (ii), (iii), (iv)(B) or (v) of this definition, (x) such entity has at least
$100,000,000 in capital/statutory surplus or shareholders’ equity including uncalled capital commitments (except with respect
to a pension advisory firm, asset manager or similar fiduciary) and at least $250,000,000 in total assets including uncalled capital
commitments (in name or under management), and (y) is regularly engaged in the business of making or owning commercial real estate
loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto) or owning or operating commercial
real estate properties; provided that, in the case of the entity described in clause (iv)(B) above, the

 

    	14 

     

    

 

requirements of
this clause (y) may be satisfied by a general partner, managing member, or the fund manager responsible for the day-to-day management
and operation of such entity; or

 

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

 

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

 

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

 

“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, any action that would otherwise require a Rating Agency Confirmation shall require
the consent of the holder of Note A-A-1, 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 the Lead
Securitization Servicing Agreement and each Non-Lead Securitization Servicing Agreement, 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

 

    	15 

     

    

 

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.

 

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

 

“Regulation
AB” shall mean subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities
and Exchange Commission or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and
Exchange Commission or its staff from time to time.

 

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

 

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

 

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

 

    	16 

     

    

 

downgrade or withdrawal (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal).

 

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

 

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

 

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

 

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

 

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

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which any Notes are held.

 

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

 

“Sequential
Order” shall mean (a) first, to the reduction of the Note Principal Balance of each of the A Notes, on a Pro
Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero, (b) second, to the reduction
of the Note Principal Balance of the A-B Note until the Note Principal Balance of the A-B Note is reduced to zero, (c) third,
to the reduction of the Note Principal Balance of the Note B-A until the Note Principal Balance of the Note B-A is reduced
to zero, and (d) fourth, to the reduction of the Note Principal Balance of the Note B-B until the Note Principal Balance
of the Note B-B is reduced to zero.

 

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan or
any other Event of Default that causes the Mortgage Loan to become a Specially Serviced Loan (other than as a result of clause
(viii) of the definition of Servicing Transfer Event in the Lead Securitization Servicing Agreement), or any bankruptcy or insolvency
event that constitutes an Event of Default. A Sequential Pay Event shall no longer exist to the extent it has been cured (including
any cure payment made by the Note B Holders in accordance with Section 32) and shall not be deemed to exist to the extent the
Note B Holders is exercising its cure rights under Section 32.

 

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

 

“Servicing
Advance” shall have the meaning assigned to the term in the Lead Securitization Servicing Agreement.

 

    	17 

     

    

 

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

 

“Servicing
Standard” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement (or other analogous
term under the Lead Securitization Servicing Agreement).

 

“Servicing
Transfer Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or such
other analogous term used in the Lead Securitization Servicing Agreement, except that, as provided in Section 32(a)(iii), a Servicing
Transfer Event shall be deemed not to have occurred for so long as a Note B Holder is exercising its cure right hereunder.

 

“Specially
Serviced Loan” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing
Agreement.

 

“Special
Servicer” shall mean Midland Loan Services, a Division of PNC Bank, National Association, or its successor in interest,
or any successor Special Servicer appointed as provided in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Trust
Fund Expenses” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Trust
Loan” means the portion of the Mortgage Loan evidenced by the Lead Securitization Notes.

 

“Trustee”
shall mean Wilmington Trust, National Association, or its successor in interest, or any successor Trustee appointed as provided
in the Lead Securitization Servicing Agreement.

 

“U.S.
Person” shall mean a citizen or resident of the United States, a corporation or partnership (except to the extent provided
in applicable Treasury Regulations) created or organized in or under the laws of the United States, any State thereof or the District
of Columbia, including any entity treated as a corporation or partnership for federal income tax purposes, or an estate whose
income is subject to United States federal income tax regardless of its source, or a

 

    	18 

     

    

 

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

 

Section
2.      Servicing of the Mortgage Loan.

 

(a)          Each
Note Holder acknowledges and agrees that, as further provided in Section 5 of this Agreement, the Mortgage Loan shall be serviced
from and after the Securitization Date pursuant to the Lead Securitization Servicing Agreement. Each Note Holder acknowledges
that each other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it will,
subject to Section 26, reasonably cooperate with a securitizing Note Holder at the securitizing Note Holder’s expense, to
effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally
consents to the appointment of the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee under
the Lead Securitization Servicing Agreement by the Depositor as each such party may be replaced pursuant to the terms of the Lead
Securitization Servicing Agreement and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect
to the servicing of the Mortgage Loan in accordance with this Agreement and the Lead Securitization Servicing Agreement. Each
Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as
such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing
of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of such
Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In no event shall the Lead Securitization Servicing
Agreement require the Servicer to enforce the rights of any Note Holder against any other Note Holder or limit the Servicer in
enforcing the rights of one Note Holder against any other Note Holder; however, this statement shall not be construed to otherwise
limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant to the Lead
Securitization Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard (which shall require,
among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Note Holder,
taking into account that the Note B-B is junior to the Note B-A, the Note B-B and the Note B-A are junior to the A-B Note and
that the Note B-B, the Note B-A and the A-B Note are junior to the A Notes), the terms of the Mortgage Loan Documents, this Agreement,
the Lead Securitization Servicing Agreement and applicable law, shall provide information to each Non-Lead Servicer under each
Non-Lead Securitization Servicing Agreement to enable each such Non-Lead Servicer to perform its servicing duties under the related
Non-Lead Securitization Servicing Agreement and shall not take any action or refrain from taking any action or follow any direction
inconsistent with the foregoing.

 

(b)          At
any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the Note
Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which has been agreed upon by the Note
Holders, pursuant to a servicing agreement that has servicing terms substantially similar to the Lead Securitization Servicing
Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary
for any Non-Lead Securitization to

 

    	19 

     

    

 

comply with any applicable reporting requirements under the Securities Exchange Act of 1934,
as amended) and all references herein to the “Lead Securitization Servicing Agreement” shall mean such subsequent
servicing agreement; provided, however, that (1) if a Non-Lead Securitization Note is in a Securitization, then
a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such Securitization and (2) until
a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to
be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement as if such agreement was still in full force
and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization or by any Person appointed by the Lead
Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing Agreement,
except that the Servicer shall have no obligation to make any P&I Advances on the Lead Securitization Notes.

 

(c)          The
Master Servicer shall be the master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to the extent provided
in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances with respect to the Mortgage
Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required to make
P&I Advances on the Lead Securitization Notes, if and to the extent provided in the Lead Securitization Servicing Agreement
and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for an Advance and interest thereon and Trust Fund Expenses in accordance with the terms of the Lead Securitization Servicing
Agreement and this Agreement.

 

(d)          Each
Non-Lead Securitization Note Holder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust is required
to indemnify each of the following parties in respect of the Mortgage Loan pursuant to the terms of the Lead Securitization Servicing
Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Depositor (and
any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified parties
in the Lead Securitization Servicing Agreement in respect of the Mortgage Loan) and (ii) the Lead Securitization Trust (such parties
in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified Parties”) against any claims,
losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities, fees and expenses
incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property under the Lead Securitization
Servicing Agreement (collectively, the “Indemnified Items”).

 

(e)          Each
Non-Lead Securitization Note Holder agrees to pay its Pro Rata Share of (i) any Servicing Advances and any interest accrued and
payable on such advances at the Advance Rate and (ii) any Trust Fund Expenses and any other fees, costs or expenses incurred in
connection with the servicing and administration of the Mortgage Loan (including, without, limitation, any costs, fees and expenses
related to obtaining any Rating Agency Confirmation and any Indemnified Items) in accordance with the Lead Securitization Servicing
Agreement and this Agreement to the extent that such amounts remain unpaid or unreimbursed after funds received from the Borrower
for payment of such amounts and any principal and interest collections allocable to the Note B-B, Note B-A and Note A-B have been
applied to pay such amounts.

 

    	20 

     

    

 

In
the event that the Servicer or the Special Servicer has determined that expected proceeds of the Mortgage Loan (or foreclosed
property) would be insufficient for reimbursement of (i) any Servicing Advances and any interest accrued and payable on such Advances
at the Advance Rate, (ii) the Indemnified Items and (iii) any other Trust Fund Expenses and any other fees, costs or expenses
incurred in connection with the servicing and administration of the Mortgage Loan (including, without, limitation, any costs,
fees and expenses related to obtaining any Rating Agency Confirmation), each Non-Lead Securitization Note Holder shall be required
to, promptly following notice from the Master Servicer, pay the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee, or the Lead Securitization Trust, as applicable, the Non-Lead Securitization Note’s pro rata share of
the insufficiency (which shall be determined based on the original principal balance of each Note) and, if the Non-Lead Securitization
Note has been included in a Non-Lead Securitization Trust, such payment shall be made from general collections on the other mortgage
loans in the related Non-Lead Securitization Trust.

 

For
the avoidance of doubt, no Non-Lead Securitization Note Holder shall be required to use general collections on the other mortgage
loans in the related Non-Lead Securitization Trust to reimburse any P&I Advances or any Nonrecoverable Advances that are P&I
Advances on the Lead Securitization Notes or any interest accrued and payable on such P&I Advances and Nonrecoverable Advances
that are P&I Advances.

 

(f)          The
master servicer under the Securitization of a Non-Lead Securitization Note (a “Non-Lead Master Servicer”) may
be required to make P&I Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the
related servicing agreement for the related Securitization (each such agreement, a “Non-Lead Securitization Servicing
Agreement”) and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled
to make their own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization Note based
on the information that they have on hand and in accordance with the Lead Securitization Servicing Agreement. Each Non-Lead Master
Servicer and the special servicer and the trustee under each Non-Lead Securitization Servicing Agreement (respectively, a “Non-Lead
Special Servicer” and a “Non-Lead Trustee”), as applicable, shall be entitled to make their own recoverability
determination with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on the information
that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The Master Servicer and
the Trustee, as applicable, and the related Non-Lead Master Servicer or the related Non-Lead Trustee shall be required to notify
the other of the amount of its P&I Advance within two business days of making such advance. If the Master Servicer, the Special
Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, a Non-Lead
Special Servicer or a Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed
P&I Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the
Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance
would be non-recoverable or an outstanding Servicing Advance is or would be non-recoverable, then, if and to the extent such information
is not already included in the Distribution Date Statement for the month in which such P&I Advance is made, the Master Servicer
or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination of non-

 

    	21 

     

    

 

recoverability
by the Master Servicer, the Special Servicer or the Trustee) or the related Non-Lead Master Servicer or the related Non-Lead Trustee
(as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability
by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related Non-Lead Trustee) shall notify the
Master Servicer and the Trustee, or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be,
of the other Securitization within two business days of making such determination.

 

The
Lead Securitization Servicing Agreement shall contain provisions to the effect that the Lead Securitization Servicing Agreement
may not be amended without the consent of each Non-Lead Securitization Note Holder and the Note B Holders if such amendment would
materially and adversely affect the Mortgage Loan or the rights of any Non-Lead Securitization Note Holder, the Note B Holders
with respect thereto (as determined by such Non-Lead Securitization Note Holder or Note B Holders, as applicable).

 

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

 

(i)          any
Servicing Advances (and advance interest thereon) and any Trust Fund Expenses (including Indemnified Items) relating to servicing
and administration of the Mortgage Loan and the Mortgaged Property, including without limitation, any unpaid Special Servicing
Fees, Liquidation Fees and Workout Fees relating to the Mortgage Loan will be paid in accordance with Sections 2 and 3 of this
Agreement and the Lead Securitization Servicing Agreement;

 

(ii)          in
the event that the Servicer or the Special Servicer has determined that proceeds of the Mortgage Loan (or foreclosed property)
would be insufficient for reimbursement of the amounts described in clause (i) above, the related Non-Lead Master Servicer will
be required to, promptly following notice from the Master Servicer or the Special Servicer, pay the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, such Non-Lead Securitization
Trust’s pro rata share of the insufficiency (which shall be determined based on the original principal balance of
each Note) out of general funds in the collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement;

 

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

 

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

 

(h)          The
Non-Lead Securitization Note Holder shall give each of the parties to the Lead Securitization Servicing Agreement (that will not
also be a party to the related Non-

 

    	22 

     

    

 

Lead Securitization Servicing Agreement) notice of the Non-Lead Securitization in writing (which
may be by e-mail) prior to or promptly following the related Non-Lead Securitization Date. Such notice shall contain contact information
for each of the parties to the related Non-Lead Securitization Servicing Agreement. In addition, after the related Non-Lead Securitization
Date, the related Non-Lead Securitization Note Holder shall send a copy of the related Non-Lead Securitization Servicing Agreement
to each of the parties to the Lead Securitization Servicing Agreement.

 

Section
3.      Priority of Payments. The Note B-B and the rights of the Note B-B Holder to receive payments
of interest, principal and other amounts with respect to the Note B-B shall at all times be junior, subject and subordinate to
the Note B-A and the right of the Note B-A Holder to receive payments of interest, principal and other amounts with respect to
such Note B-A; the Note B-A and the rights of the Note B-A Holder to receive payments of interest, principal and other amounts
with respect to the Note B-A, shall at all times be junior, subject and subordinate to the A-B Note and the right of the Note
A-B Holder to receive payments of interest, principal and other amounts with respect to such Note A-B; and each of the Note B-B,
the Note B-A and the A-B Note and the respective rights of the related Note Holders to receive payments of interest, principal
and other amounts with respect to the Note B-B, the Note B-A or A-B Note, as applicable, shall at all times be junior, subject
and subordinate to each A Note and the right of the Note A Holders to receive payments of interest, principal and other amounts
with respect to such A Note, in each case, as further described below:

 

(a)          If
no Sequential Pay Event, as determined by the applicable Servicer, shall have occurred and be continuing, all amounts tendered
by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with the Mortgage Loan
or the Mortgaged Property or amounts realized as proceeds thereof, whether received in the form of Monthly Payments, the Balloon
Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage
Loan or Insurance Proceeds or Condemnation Proceeds (other than (1) proceeds, awards or settlements to be applied to the restoration
or repair of a Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan
Documents, to the extent permitted by the REMIC Provisions, (2) all amounts for required reserves or escrows required by the Mortgage
Loan Documents (to the extent and in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows,
(3) all amounts received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable
to the Servicer or the Non-Lead Master Servicer under the Lead Securitization Servicing Agreement and (4)(a) all amounts that
are then due, payable or reimbursable to any Servicer, Certificate Administrator or Trustee with respect to the Mortgage Loan
pursuant to the Lead Securitization Servicing Agreement (including, without limitation, reimbursement of Servicing Advances and
P&I Advances on the Lead Securitization Notes and interest thereon) and (b) all amounts that are then due and payable to any
Non-Lead Master Servicer (or Non-Lead Trustee) in respect of any P&I Advances and interest thereon in respect of Note A-A-3)(it
being understood that P&I Advances with respect to the Lead Securitization Notes and the Non-Lead Securitization Notes (if
made by the Non-Lead Master Servicer or the Non-Lead Special Servicer, as applicable, pursuant to the Non-Lead Securitization
Servicing Agreement) deemed non-recoverable may be reimbursed from collections on the Mortgage Loan, first to reimbursement P&I
Advances with respect to the A Notes on a Pro Rata and Pari Passu Basis, and then to reimburse P&I Advances

 

    	23 

     

    

 

with respect to
the A-B Note) shall be applied and distributed by the Servicer in the following order of priority without duplication (and payments
shall be made at such times as are set forth in the Lead Securitization Servicing Agreement):

 

(i)            first,
on a Pro Rata and Pari Passu Basis, to pay accrued and unpaid interest on the A Notes (other than default interest) to each Note
Holder of an A Note in an amount equal to the accrued and unpaid interest on the applicable Note Principal Balances at the applicable
Net Note Rate;

 

(ii)          second,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note (A) first, an amount equal to the Percentage Interest
relating to each of the A Notes of all principal payments (excluding any Casualty/Condemnation Prepayment) received, if any, with
respect to the related Monthly Payment Date and (B) then, an amount equal to all Casualty/Condemnation Prepayments received
with respect to the related Monthly Payment Date, in each case until their respective Note Principal Balances have been reduced
to zero;

 

(iii)         third,
to pay accrued and unpaid interest on the A-B Note (other than default interest) to the Note A-B Holder in an amount equal to
the accrued and unpaid interest on the applicable Note Principal Balance at the applicable Net Note Rate;

 

(iv)         fourth,
to the Note A-B Holder (A) first, an amount equal to the Percentage Interest relating to the A-B Note of all principal
payments (excluding any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date and
(B) then, an amount equal to all remaining Casualty/Condemnation Prepayments received with respect to the related Monthly
Payment Date, in each case until its Note Principal Balances has been reduced to zero;

 

(v)          fifth,
to the extent the Note B-A Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the
Note B-A Holder for all such cure payments;

 

(vi)         sixth,
to pay accrued and unpaid interest on the Note B-A (other than default interest) to the Note B-A Holder in an amount equal to
the accrued and unpaid interest on the applicable Note Principal Balance at the applicable Net Note Rate;

 

(vii)        seventh,
to the Note B-A Holder (A) first, an amount equal to the Percentage Interest relating to the Note B-A of all principal
payments (excluding any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date and
(B) then, an amount equal to all remaining Casualty/Condemnation Prepayments received with respect to the related Monthly
Payment Date, in each case until its Note Principal Balances has been reduced to zero;

 

(viii)       eighth,
to the extent the Note B-B Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the
Note B-B Holder for all such cure payments;

 

    	24 

     

    

 

(ix)          ninth,
to pay accrued and unpaid interest on the Note B-B (other than default interest) to the Note B-B Holder in an amount equal to
the accrued and unpaid interest on the applicable Note Principal Balance at the applicable Net Note Rate;

 

(x)          tenth,
to the Note B-B Holder (A) first, an amount equal to the Percentage Interest relating to the Note B-B of principal
payments (excluding any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date and
(B) then, an amount equal to all remaining Casualty/Condemnation Prepayments received with respect to the related Monthly
Payment Date, in each case until its Note Principal Balances has been reduced to zero;

 

(xi)         eleventh,
to pay Yield Maintenance Premium then due and payable in respect of the A Notes, on a Pro Rata and Pari Passu Basis, then
the A-B Note, then the Note B-A and finally the Note B-B;

 

(xii)        twelfth,
to the extent late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise
applied under the Lead Securitization Servicing Agreement, including, without limitation, to compensate a Servicer under the Lead
Securitization Servicing Agreement, any such late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to the Note A-A-1 Holder, Note A-A-2 Holder, Note A-A-3 Holder, Note A-B Holder, Note B-A Holder
and Note B-B Holder, pro rata, based on their respective initial principal balances;

 

(xiii)       thirteenth,
any interest accrued at the applicable default rate, pro rata and pari passu, to (A) the Note A Holders on a Pro
Rata and Pari Passu Basis in an amount calculated on the Note Principal Balance of each of the A Notes at the applicable default
rate, prior to the application of funds contemplated in this Section 3(a), (B) to the Note A-B Holder in an amount calculated
on the Note Principal Balance of Note A-B at the applicable default rate prior to the application of funds contemplated in this
Section 3(a), (C) to the Note B-A Holder in an amount calculated on the Note Principal Balance of Note B-A at the applicable
default rate prior to the application of funds contemplated in this Section 3(a) and (D) to the Note B-B Holder in an amount
calculated on the Note Principal Balance of Note B-B at the applicable default rate prior to the application of funds contemplated
in this Section 3(a), in each case, to the extent actually paid by the Mortgage Loan Borrower and not payable to any Servicer
pursuant to the Lead Securitization Servicing Agreement; and

 

(xiv)        fourteenth,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i)-(xiii), any remaining amount shall be paid pro rata to each Note A-A-1 Holder, Note A-A-2 Holder,
Note A-A-3 Holder, Note A-B Holder, Note B-A Holder and Note B-B Holder based on their initial principal balances.

 

(b)          If
a Sequential Pay Event, as determined by the applicable Servicer in accordance with this Agreement and the Lead Securitization
Servicing Agreement, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise

 

    	25 

     

    

 

available
for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds
thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance Proceeds or Condemnation Proceeds (other
than (1) proceeds, awards or settlements to be applied to the restoration or repair of a Mortgaged Property or released to the
Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions,
(2) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance with
the terms of the Mortgage Loan Documents) to be held as reserves or escrows, (3) all amounts received as reimbursements on account
of recoveries in respect of Advances then due and payable or reimbursable to the Servicer or the Non-Lead Master Servicer under
the Lead Securitization Servicing Agreement and (4)(a) all amounts that are then due, payable or reimbursable to any Servicer,
Certificate Administrator or Trustee with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement
(including, without limitation, reimbursement of Servicing Advances and P&I Advances on the Lead Securitization Notes and
interest thereon) and (b) all amounts that are then due and payable to any Non-Lead Master Servicer (or Non-Lead Trustee) in respect
of any P&I Advances and interest thereon in respect of Note A-A-3) (it being understood that P&I Advances with respect
to the Lead Securitization Notes and the Non-Lead Securitization Notes (if made by the Non-Lead Master Servicer or the Non-Lead
Special Servicer, as applicable, pursuant to the Non-Lead Securitization Servicing Agreement) deemed non-recoverable may be reimbursed
from collections on the Mortgage Loan, first to reimbursement P&I Advances with respect to the A Notes on a Pro Rata and Pari
Passu Basis, and then to reimburse P&I Advances with respect to the A-B Note) shall be applied and distributed by the Servicer
in the following order of priority without duplication (and payments shall be made at such times as are set forth in the Lead
Securitization Servicing Agreement):

 

(i)           first,
on a Pro Rata and Pari Passu Basis, to pay accrued and unpaid interest on the A Notes (other than default interest) to each Note
Holder of an A Note in an amount equal to the accrued and unpaid interest on the applicable Note Principal Balances at the applicable
Net Note Rate;

 

(ii)          second,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note an amount equal to all principal payments (or other amounts
allocated to principal) received, if any, with respect to the related Monthly Payment Date, until their respective Note Principal
Balances have been reduced to zero;

 

(iii)         third,
to pay accrued and unpaid interest on the A-B Note (other than default interest) to the Note A-B Holder in an amount equal to
the accrued and unpaid interest on the Note Principal Balance of the A-B Note at the applicable Net Note Rate;

 

(iv)         fourth,
on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note an amount equal to all remaining amounts (other than default
interest) received with respect to the related Monthly Payment Date, until their respective Note Principal Balances have been
reduced to zero;

 

    	26 

     

    

 

(v)          fifth,
to the Note A-B Holder in an amount equal to all remaining amounts (other than default interest) received with respect to
the related Monthly Payment Date, until its Note Principal Balance has been reduced to zero;

 

(vi)         sixth,
to the extent the Note B-A Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the
Note B-A Holder for all such cure payments;

 

(vii)        seventh,
to pay accrued and unpaid interest on the Note B-A (other than default interest) to the Note B-A Holder in an amount equal to
the accrued and unpaid interest on the Note Principal Balance of the Note B-A at the applicable Net Note Rate;

 

(viii)       eighth,
to the Note B-A Holder in an amount equal to all remaining amounts received with respect to the related Monthly Payment Date
until its Note Principal Balance has been reduced to zero;

 

(ix)          ninth,
to the extent the Note B-B Holder has made any payments or advances to cure defaults pursuant to Section 32, to reimburse the
Note B-B Holder for all such cure payments;

 

(x)          tenth,
to pay accrued and unpaid interest on the Note B-B (other than default interest) to the Note B-B Holder in an amount equal to
the accrued and unpaid interest on the Note Principal Balance of the Note B-B at the applicable Net Note Rate;

 

(xi)         eleventh,
to the Note B-B Holder in an amount equal to all remaining amounts received with respect to the related Monthly Payment Date
until its Note Principal Balance has been reduced to zero;

 

(xii)        twelfth,
to pay Yield Maintenance Premium then due and payable in respect of the A Notes, on a Pro Rata and Pari Passu Basis, then
the A-B Note, the Note B-A and finally the Note B-B;

 

(xiii)       thirteenth,
to the extent late fees, assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise
applied under the Lead Securitization Servicing Agreement, including, without limitation, to compensate a Servicer under the Lead
Securitization Servicing Agreement, any such late fees, assumption or transfer fees, to the extent actually paid by the Mortgage
Loan Borrower, shall be paid to the Note A-A-1 Holder, Note A-A-2 Holder, Note A-A-3 Holder, Note A-B Holder, Note B-A Holder
and Note B-B Holder, pro rata, based on their respective initial principal balances;

 

(xiv)        fourteenth,
any interest accrued at the applicable default rate, pro rata and pari passu, to (A) the Note A Holders on a Pro
Rata and Pari Passu Basis in an amount calculated on the Note Principal Balance of each of the A Notes at the applicable default
rate, prior to the application of funds contemplated in this Section 3(b), (B) to the Note A-B Holder in an amount calculated
on the Note Principal Balance of Note A-B at the applicable default rate prior to the application of funds contemplated in this
Section 3(b) (C) to the Note B-A Holder in an amount calculated on the Note Principal Balance of

 

    	27 

     

    

 

Note B-A at the applicable
default rate prior to the application of funds contemplated in this Section 3(b), and (D) to the Note B-B Holder in an
amount calculated on the Note Principal Balance of Note B-B at the applicable default rate prior to the application of funds contemplated
in this Section 3(b), in each case, to the extent actually paid by the Mortgage Loan Borrower and not payable to any Servicer
pursuant to the Lead Securitization Servicing Agreement; and

 

(xv)         fifteenth,
if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied in accordance with
the foregoing clauses (i)-(xiv), any remaining amount shall be paid pro rata to each Note A-A-1 Holder, Note A-A-2 Holder,
Note A-A-3 Holder, Note A-B Holder, Note B-A Holder and Note B-B Holder based on their initial principal balances.

 

(c)          Notwithstanding
anything to the contrary herein, to the extent required under the REMIC Provisions of the Code, payments or proceeds received
with respect to any partial release of the Mortgaged Property (including following a condemnation) from the lien of the applicable
Mortgage and Mortgage Loan Documents must be allocated to reduce the principal balance of the Mortgage Loan in the manner permitted
by such REMIC provisions if, immediately following such release, the loan-to value ratio of the Mortgage Loan exceeds 125% (based
solely on real property and excluding any personal property and going concern value).

 

Section
4.      Workout. Notwithstanding anything to the contrary contained herein, but subject to the
terms and conditions of the Lead Securitization Servicing Agreement, and the obligation to act in accordance with the Servicing
Standard, if the Lead Securitization Note Holder, or any Servicer, in connection with a workout or proposed workout of the Mortgage
Loan, modifies the terms thereof such that (i) the principal balance of the Mortgage Loan is decreased, (ii) the applicable Note
Rate is reduced, (iii) payments of interest or principal on any Note are waived, reduced or deferred or (iv) any other adjustment
is made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification of the Mortgage
Loan Documents shall be structured to preserve, the Sequential Order of payment of the Notes and all payments to the Note A Holders
pursuant to Section 3 shall be made as though such workout did not occur, with the payment terms of each A Note remaining the
same as they are on the date hereof, 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, by the Note B-B Holder (up to its Note Principal Balance,
together with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note B-B Holder), second,
by the Note B-A Holder (up to its Note Principal Balance, together with accrued interest thereon at the applicable Note Rate and
any other amounts due to the Note B-A Holder), third, by the Note A-B Holder (up to its Note Principal Balance, together
with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note A-B Holder) and then, by
the Note A Holders, on a Pro Rata and Pari Passu Basis (up to their respective Note Principal Balances, together with accrued
interest thereon at the applicable Note Rate and any other amounts due to each Note A Holder, as applicable). Any recoveries in
connection with a workout of the Mortgage Loan will be allocated first, to the Note A Holders, on a Pro Rata and Pari Passu
Basis, based on their respective Note Principal Balances (up to their respective Note Principal Balances, together with accrued
interest thereon at the applicable Note Rate and any other amounts due to each Note A Holder, as applicable), second, to
the Note A-B Holder (up to

 

    	28 

     

    

 

its Note Principal Balance, together
with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note A-B Holder), third, to
the Note B-A Holder (up to its Note Principal Balance, together with accrued interest thereon at the applicable Note Rate and
any other amounts due to the Note B-A Holder) and then, to the Note B-B Holder (up to its Note Principal Balance, together
with accrued interest thereon at the applicable Note Rate and any other amounts due to the Note B-B Holder).

 

Section
5.      Administration of the Mortgage Loan.

 

(a)          Subject
to this Agreement (including but not limited to Section 6(c)) and the Lead Securitization Servicing Agreement, and subject to
the rights and consents, where required, of the Controlling Note Holder Representative, the Lead Securitization Note Holder (or
the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall have the
sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect to, the Mortgage
Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan Documents or
consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call
or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy, and neither the
Non-Lead Securitization Note Holder nor any Note B Holders shall have any voting, consent or other rights whatsoever except as
explicitly set forth herein with respect to the Lead Securitization Note Holder’s administration of, or exercise of its
rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement,
each of the Non-Lead Securitization Note Holder and each of the Note B Holders agree that they shall have no right to, and hereby
presently and irrevocably assigns and conveys to the Lead Securitization Note Holder (or the Master Servicer, the Special Servicer
or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights, if any, that such Note Holder has to, (i)
call or cause the Lead Securitization Note Holder to call an Event of Default under the Mortgage Loan, or (ii) exercise any remedies
with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing the Lead Securitization
Note Holder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master
Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) shall not have any fiduciary
duty to any Non-Lead Securitization Note Holder or any Note B Holders in connection with the administration of the Mortgage Loan
(but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement of funds
as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special Servicer)
or any liability for failure to do so).

 

Upon
the Mortgage Loan becoming a Defaulted Loan, each of the Non-Lead Securitization Note Holder and the Note B Holders hereby acknowledges
the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting on behalf of the Lead Securitization
Note Holder) to sell the Non-Lead Securitization Note, Note B-A and Note B-B together with the Lead Securitization Notes as notes
evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement, subject to: (1) the consent
rights of the Controlling Note Holder pursuant to Section 6(c) and (2) the written consent of the holder of each other Note that
is not a Lead Securitization Note Holder unless the Special Servicer has

 

    	29 

     

    

 

delivered to each such Note Holder: (a) at least 15 business
days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least 10 days prior to the proposed sale
date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer
in connection with any such proposed sale; (c) at least 10 days prior to the proposed sale date, a copy of the most recent appraisal
for the Mortgage Loan, and any documents in the servicing file reasonably requested by the applicable Note Holder that are material
to the price of the Mortgage Loan; and (d) until the sale is completed, and a reasonable period of time (but no less time than
is afforded to other offerors) prior to the proposed sale date, all information and other documents being provided to other offerors
and all leases or other documents that are approved by the Servicer or the Special Servicer in connection with the proposed sale;
provided that the applicable Note Holder may waive any of the delivery or timing requirements described in this sentence.

 

Subject
to the terms of the Lead Securitization Servicing Agreement, each Appraised-Out Holder and each Non-Lead Securitization Note Holder
(or such Note Holder’s representative) that is not a Mortgage Loan Borrower Related Party shall be permitted to submit an
offer at any sale of the Mortgage Loan.

 

In
connection with any such sale, the Special Servicer shall be required to sell the Non-Lead Securitization Note, Note B-A and Note
B-B together with the Lead Securitization Notes in the manner set forth in the Lead Securitization Servicing Agreement.

 

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

 

The
authority of the Lead Securitization Note Holder to sell the Non-Lead Securitization Note, Note B-A and Note B-B, and the obligations
of the Non-Lead Securitization Note Holder and each of the Note B Holders to execute and deliver instruments or deliver each of
the Non-Lead Securitization Note, Note B-A and Note B-B upon request of the Lead Securitization Note Holder, shall terminate and
cease to be of any further force or effect upon the date, if any, upon which the Lead Securitization is terminated in accordance
with its terms.

 

(b)          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

 

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

 

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

 

(c)          The
Mortgage Loan shall be treated as a single loan for purposes of calculating the Appraisal Reduction Amount. Appraisal Reduction
Amounts with respect to the Mortgage Loan shall be allocated, first, to the Note B-B up to its outstanding principal balance,
second, to the Note B-A up to its outstanding principal balance, third, to the A-B Note up to its outstanding principal
balance, and then to the A Notes on a pro rata and pari passu basis (based on their relative outstanding
principal balances).

 

(d)          (i)
If the Note B-B Holder, the Note B-A Holder or the Note A-B Holder, as applicable, is determined at any time of determination
to no longer be the Controlling Note Holder (the “Appraised-Out Holder”) as a result of the application of
an Appraisal Reduction Amount, such Note Holder shall have the right, at its sole expense, to require the Special Servicer to
order a second Appraisal with respect to the Mortgage Loan. The Special Servicer shall use its reasonable efforts to cause such
second Appraisal to be (A) delivered within thirty (30) days from receipt of the Appraised-Out Holder’s written request
and (B) prepared on an “as-is” basis by an MAI appraiser (provided that such MAI appraiser may not be the same
MAI appraiser that provided the Appraisal in respect of which the Appraised-Out Holder is requesting the Special Servicer to obtain
an additional Appraisal).

 

(ii)          Upon
receipt of any supplemental Appraisal pursuant to clause (i) above, the Special Servicer shall determine, in accordance with
the Servicing Standard, whether,

 

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based on its assessment of such supplemental Appraisal, any recalculation of the Appraisal Reduction
Amount is warranted, and if so warranted, the Special Servicer shall recalculate the Appraisal Reduction Amount based on such
supplemental Appraisal and any information received from the Master Servicer. If required by such recalculation, the Appraised-Out
Holder shall be reinstated as the Controlling Note Holder and, if applicable, shall have its Note Principal Balance notionally
restored to the extent required by such recalculation of the Appraisal Reduction Amount. The Appraised-Out Holder requesting any
supplemental Appraisal pursuant to clause (i) above shall refrain from exercising any direction, control, consent and/or similar
rights of the Controlling Note Holder until such time, if any, as the holder is reinstated as the Controlling Note Holder (such
period beginning upon receipt by the Special Servicer of any request to obtain a supplemental Appraisal pursuant to clause (i)
above to but excluding the date on which either (A) the Special Servicer determines that no recalculation of the Appraisal Reduction
Amount is warranted or (B) the Special Servicer recalculates the Appraisal Reduction Amount based on the supplemental Appraisal,
the “Appraisal Review Period”). The rights of the Controlling Note Holder during each Appraisal Review Period
shall be exercised by the Note A-B Holder.

 

(e)          Each
Note B Holder shall be entitled to avoid a Control Appraisal Period caused by application of an Appraisal Reduction Amount upon
satisfaction of the following (which must be completed within thirty (30) days of the receipt of a third party Appraisal that
indicates such Control Appraisal Period has occurred): (i) such Note Holder shall have delivered as a supplement to the Appraised
Value of the Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together with documentation
acceptable to the Servicer in accordance with the Servicing Standard to create and perfect a first priority security interest
in favor of the Note A-B Holder and the Note A Holders (and the Note B-A Holder, if the Note B-B Holder is the Note Holder making
such delivery to the Servicer) in such collateral (a) cash collateral for the benefit of the A-B Note and the A Notes (and the
Note B-A, if the Note B-B Holder is the Note Holder making such delivery), and acceptable to, the Servicer or (b) an unconditional
and irrevocable standby letter of credit with the Note A-B Holder and the Note A Holders (and the Note B-A Holder, if the Note
B-B Holder is the Note Holder delivery such letter of credit) as the beneficiary, issued by a bank or other financial institutions
the long term unsecured debt obligations of which are at all times rated at least “AA” 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 (either (a) or (b), the “Threshold
Event Collateral”), and (ii) the Threshold Event Collateral shall be in an amount which, when added to the Appraised
Value of the Mortgaged Property as determined pursuant to the Lead Securitization Servicing Agreement, would cause the applicable
Control Appraisal Period not to occur. If the requirements of this paragraph are satisfied by a Note B Holder (a “Threshold
Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to
have occurred. If a letter of credit is furnished as Threshold Event Collateral, the applicable Note B Holder shall be required
to renew such letter of credit not later than thirty (30) days prior to expiration thereof or to replace such letter of credit
with a substitute letter of credit or other Threshold Event Collateral with an expiration date that is greater than forty-five
(45) days from the date of substitution; provided, however, that, if a letter of credit is not renewed prior to
thirty (30) days prior to the expiration date of such letter of credit, the letter of credit shall provide that the Servicer may
(and at the direction of the applicable Note B Holder shall)

 

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draw upon such letter of credit and hold the proceeds thereof as
Threshold Event Collateral. If a letter of credit is furnished as Threshold Event Collateral, the applicable Note B Holder shall
be required to replace such letter of credit with other Threshold Event Collateral within thirty (30) days if the credit ratings
of the issuing entity are downgraded below the required ratings; provided, however, that, if such Threshold Event
Collateral is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds thereof as Threshold Event
Collateral. The Threshold Event Cure shall continue until (i) the Appraised Value of the Mortgaged Property plus the value of
the Threshold Event Collateral would not be sufficient to prevent a Control Appraisal Period from occurring; or (ii) final liquidation
of the Mortgage Loan or REO Property. If the Appraised Value of the Mortgaged Property, upon any redetermination thereof, is sufficient
to avoid the occurrence of a Control Appraisal Period without taking into consideration any, or some portion of, Threshold Event
Collateral previously delivered by such Note B Holder any or such portion of Threshold Event Collateral held by the Servicer shall
promptly be returned to the applicable Note B Holder (at its sole expense). Upon final liquidation or repayment of the Mortgage
Loan or REO Property with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse each Note
Holder for any realized loss pursuant to Section 3 or 4, as applicable, with respect to the Mortgage Loan after
application of the net proceeds of liquidation, not in excess of the Note Principal Balances of the Notes, plus accrued and unpaid
interest thereon at the applicable interest rate and all other expenses reimbursable under this Agreement and under the Lead Securitization
Servicing Agreement. The entire amount of Threshold Event Collateral, without a haircut or other reduction, shall be considered
in determining the sufficiency of such Threshold Event Collateral to avoid a Control Appraisal Period.

 

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

 

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

 

(a)          The
Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights
and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling
Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling
Note Holder Representative in accordance with the terms of the Lead Securitization Servicing Agreement. When exercising its various
rights under Section 5 and elsewhere in this Agreement, the Controlling Note Holder may, at its option, in each case, act through
the Controlling Note Holder Representative. The Controlling Note Holder Representative may be any Person (other than the Mortgage
Loan Borrower, its principal or any Affiliate of the Mortgage Loan Borrower), including, without limitation, the Controlling Note
Holder, any officer or employee of the Controlling Note Holder, any affiliate of the Controlling Note Holder or any other unrelated
third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other
than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement
may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Trustee
or Certificate

  

    	33 

     

    

 

Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize any Person
as a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Trustee and Certificate
Administrator of such appointment and, if the Controlling Note Holder Representative is not the same Person as the Controlling
Note Holder, the Controlling Note Holder Representative provides each Servicer, Trustee and Certificate Administrator with written
confirmation of its acceptance of such appointment, an address and facsimile number for the delivery of notices and other correspondence
and a list of officers or employees of such Person with whom the parties to this Agreement may deal (including their names, titles,
work addresses and facsimile numbers). The Controlling Note Holder shall promptly deliver such information to each Servicer, Trustee
and Certificate Administrator.

 

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

 

(c)          The
Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Lead Securitization Note Holder hereunder
and the rights and powers granted to the “Directing Certificateholder” or similar party under, and as defined
in, the Lead Securitization Servicing Agreement with respect to the Mortgage Loan. In addition, the Controlling Note Holder shall
be entitled to advise (1) the Special Servicer with respect to all Major Decisions related to a Specially Serviced Loan and (2)
the Special Servicer with respect to all Major Decisions for which the Master Servicer must obtain the consent or deemed consent
of the Special Servicer, and, except as set forth below (i) the Master Servicer shall not be permitted to implement any Major
Decision unless it has obtained the prior consent of the Special Servicer and (ii) during a Control Termination Event (as defined
in the Lead Securitization Servicing Agreement), the Special Servicer shall not be permitted to consent to the Servicer’s
implementing any Major Decision nor will the Special Servicer itself be

 

    	34 

     

    

 

permitted to implement any Major Decision as to which
the Controlling Note Holder has objected in writing within ten (10) Business Days after receipt of the written analysis and such
additional information requested by the Controlling Note Holder as may be necessary in the reasonable judgment of the Controlling
Note Holder in order to make a judgment with respect to such Major Decision. The Controlling Note Holder may also direct the Special
Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as the Controlling Note Holder
may deem advisable.

 

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days after delivery to the Controlling Note Holder by the Master Servicer or the Special Servicer, as
applicable, of written notice of a proposed Major Decision, together with any information requested by the Controlling Note Holder
as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration
of such ten (10) Business Days such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

 

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

 

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

 

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

  

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willful
misconduct or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting,
or having given any consent or having failed to give any consent, solely in the interests of any Note Holder.

 

(d)          Each
Non-Controlling Senior Note Holder shall have the right at any time to appoint a representative in connection with the exercise
of its rights and obligations with respect to the Mortgage Loan (the “Non-Controlling Senior Note Holder Representative”).
Each Non-Controlling Senior Note Holder shall have the right in its sole discretion at any time and from time to time to remove
and replace the Non-Controlling Senior Note Holder Representative in accordance with the terms of the Lead Securitization Servicing
Agreement. When exercising its various rights under Section 5 and elsewhere in this Agreement, each Non-Controlling Senior Note
Holder may, at its option, in each case, act through the Non-Controlling Senior Note Holder Representative. The Non-Controlling
Senior Note Holder Representative may be any Person (other than a Mortgage Loan Borrower Related Party), including, without limitation,
the related Non-Controlling Senior Note Holder, any officer or employee of the related Non-Controlling Senior Note Holder, any
affiliate of the related Non-Controlling Senior Note Holder or any other unrelated third party. No such Non-Controlling Senior
Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other than such Non-Controlling Senior
Note Holder). All actions that are permitted to be taken by each Non-Controlling Senior Note Holder under this Agreement may be
taken by a Non-Controlling Senior Note Holder Representative acting on behalf of such Non-Controlling Senior Note Holder.

 

(e)          No
Servicer, Trustee or Certificate Administrator acting on behalf of the Lead Securitization Note Holder shall be required to recognize
any Person as a Non-Controlling Senior Note Holder Representative until the related Non-Controlling Senior Note Holder has notified
each Servicer, Trustee and Certificate Administrator of such appointment and, if the Non-Controlling Senior Note Holder Representative
is not the same Person as the related Non-Controlling Senior Note Holder, the Non-Controlling Senior Note Holder Representative
provides each Servicer, Trustee and Certificate Administrator with written confirmation of its acceptance of such appointment
(and such parties will be entitled to rely on such notice), an address and facsimile number for the delivery of notices and other
correspondence and a list of officers or employees of such Person with whom the parties to this Agreement may deal (including
their names, titles, work addresses and facsimile numbers). The related Non-Controlling Senior Note Holder shall promptly deliver
such information to each Servicer, Trustee and Certificate Administrator.

 

(f)          For
so long as the Lead Securitization has not been terminated, during a Note A-B Control Appraisal Period (1) the Lead Securitization
Note Holder (or the Special Servicer acting on its behalf) shall be required to provide to the Non-Controlling Senior Note Holder
(or its related Non-Controlling Senior Note Holder Representative) (i) notice, information and reports with respect to any Major
Decisions (similar to such notice, information and report it is required to deliver to the Directing Certificateholder pursuant
to the Lead Securitization Servicing Agreement (without regard to whether a “control termination event” has occurred)
and (ii) a summary of the Asset Status Report relating to the Mortgage Loan (at the same time as it is required to deliver to
the Directing Certificateholder pursuant to the Lead Securitization Servicing Agreement (without regard to whether a “control
termination event” has occurred) and (2) the Lead Securitization Note Holder (or the Special Servicer acting on its behalf)
shall be

 

    	36 

     

    

 

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

 

Section
7.      Appointment of Special Servicer. Subject to the terms of the Lead Securitization Servicing
Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right at any time and from
time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint
a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or its Controlling Note Holder
Representative) of a Person to serve as Special Servicer shall be made by delivering to the other Note Holder, the Servicer, the
then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement a written notice stating such
designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement
(including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization Servicing Agreement),
if any. The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement
without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently serving
Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7. If the Controlling Note
Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation of the securitization under
the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead Securitization Servicing
Agreement shall

 

    	37 

     

    

 

serve as the initial Special Servicer but this shall not limit
the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer
for the Mortgage Loan as aforesaid.

 

Section
8.      Payment Procedure.

 

(a)          The
Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth in
Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all
payments and collections on the Mortgage Loan to the Collection Account and the portion of such payments and collections that
are distributable to the Non-Lead Securitization Note Holders and the Note B Holders shall be deposited into the Companion Loan
Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or
the Master Servicer acting on its behalf) shall (i) deposit such amounts to the applicable account within two (2) Business Days
after receipt of properly identified funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
from or on behalf of the Mortgage Loan Borrower, and (ii) remit from the applicable account (A) with respect to the Lead Securitization
Notes, the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization Notes, and (B) with respect
to each Non-Lead Securitization Note, Note B-B and Note B-A, the Serviced Whole Loan Remittance Date (as defined in the Lead Securitization
Servicing Agreement), in each case, all payments received and allocable pursuant to this Agreement and the Lead Securitization
Servicing Agreement with respect to the Non-Lead Securitization Notes, Note B-B and Note B-A (net of amounts payable or reimbursable
from such account) by wire transfer to accounts maintained by the applicable Note Holder.

 

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

 

(c)          If,
for any reason, the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) makes any payment to a Note
Holder before the Lead Securitization Note Holder has received the corresponding payment (it being understood that the Lead Securitization
Note Holder (or the Master Servicer acting on its behalf) is under no obligation to do so), and the Lead Securitization Note Holder
(or the Master Servicer acting on its behalf) does not receive the corresponding payment within five (5) Business Days of its
payment to the related Note Holder, such Note Holder shall, at the Lead Securitization Note

 

    	38 

     

    

 

Holder’s request, promptly return
that payment to the Lead Securitization Note Holder (or the Master Servicer acting on its behalf).

 

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

 

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

 

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

 

Section
10.     Bankruptcy. Subject to Section 6(c), each Note Holder hereby covenants and agrees that only
the Lead Securitization Note Holder has the right to institute, file, commence, acquiesce, petition under Bankruptcy Code Section
303 or otherwise or join any Person in any such petition or otherwise invoke or cause any other Person to invoke an Insolvency
Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official with respect to the Mortgage Loan Borrower or all or any part of its property
or assets or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Each Note Holder further agrees
that only the Lead Securitization Note Holder can make any election, give any consent, commence any action or file any motion,
claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the
Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the Lead Securitization Note Holder as
their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and their
proxy, for the purpose of exercising any and all rights and taking any and all actions available to the Note Holders in connection
with any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including,
without limitation, the right to file and/or

 

    	39 

     

    

 

prosecute any claim, vote
to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan,
and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Note Holders hereby
agree that, upon the request of the Lead Securitization Note Holder, each other Note Holder shall execute, acknowledge and deliver
to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization
Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions
taken by the Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing
Standard.

 

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

 

Each
Note B Holder acknowledges that it has, independently and without reliance upon the Lead Securitization Note Holder or the Non-Lead
Securitization Note Holder, except with respect to the representations and warranties provided by the Lead Securitization Note
Holder and the Non-Lead Securitization Note Holder herein, and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to purchase its Note B and each Note B Holder accepts responsibility therefor. Each
Note B Holder hereby acknowledges that, other than the representations and warranties provided herein, the Lead Securitization
Note Holder and the Non-Lead Securitization Note Holder have made no representations or warranties with respect to the Mortgage
Loan, subject to such representations and warranties as provided by the Lead Securitization Note Holder and the Non-Lead Securitization
Note Holder herein, and that the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder shall have no responsibility
for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan
Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Lead Securitization Note
Holder or the Non-Lead Securitization Note Holder in connection with the origination of the Mortgage Loan, (iii) the validity,
sufficiency or effectiveness of the

 

    	40 

     

    

 

lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition
of the Mortgage Loan Borrower. Each Note B Holder assumes all risk of loss in connection with its Note B except as specifically
set forth herein.

 

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

 

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

 

Section
14.     Sale of the Notes. 

 

(a)          Each
Note Holder agrees that it will not sell, assign, transfer, pledge, syndicate, participate, hypothecate, contribute, encumber
or otherwise dispose (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repo financing or a Pledge in accordance with Section 14(d)) of a Note (a “Transfer”)
except to a Qualified Institutional Lender. Promptly after the Transfer, the non-transferring Note Holders shall be provided with
(x) a representation from a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional
Lender (except in the case of a Transfer to a Securitization (and the related pooling and servicing or similar agreement requires
the parties thereto to comply with this Agreement) or a Transfer that is made in accordance with the immediately following sentence)
and (y) a copy of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends to Transfer its
respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first obtain (x) prior
to a Securitization, the consent of each non-transferring Note Holder or (2) after a Securitization of such non-transferring Note
Holder’s Note, Rating Agency Confirmation. Notwithstanding the foregoing, without the non-transferring Note Holder’s
prior consent (which will not be unreasonably withheld, conditioned or delayed), and, if such non-transferring Note Holder’s
Note is held in a Securitization Trust, without Rating Agency Confirmation, no Note Holder shall Transfer all or any portion of
its Note (or a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related

 

    	41 

     

    

 

Party and
any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The transferring Note
Holder agrees that it will pay the expenses of the non-transferring Note Holder (including all expenses of the Master Servicer,
the Special Servicer and the Trustee) and all expenses relating to the confirmation from the Rating Agencies in connection with
any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without the need to obtain the consent
of any other Note Holder, the Rating Agencies or any other Person, to Transfer 49% or less (in the aggregate) of its Note or any
beneficial interest in its Note. None of the provisions of this Section 14(a) shall apply in the case of (1) a sale of all of
the Notes 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 Specially Serviced Loan, to a single member limited liability
or limited partnership, 100% of the equity interest in which is owned directly or indirectly, through one or more single member
limited liability companies or limited partnerships, by the Lead Securitization Trust.

 

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

 

(c)          Notwithstanding
any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity (other than the
Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that is either a
Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in this
Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any Person which Controls
such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder,
provided that a Note Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without
a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to any other Note Holder and any Servicer that
a Pledge has been effected (including the name and address of the applicable Note Pledgee), such other Note Holder agrees to acknowledge
receipt of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder
in respect of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such
Note Pledgee a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to any other
Note Holder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note
Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Note Holder shall give
to such Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging
Note Holder; (v) that such

 

    	42 

     

    

 

other Note Holder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee shall
reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such other Note
Holder; and (vi) that, upon written notice (a “Redirection Notice”) to the other Note Holders and any Servicer
by such Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the pledging Note
Holder’s obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and
such Note Pledgee (which notice need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice
is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or
Servicer would otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead
Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holders
and any Servicer from any liability to the pledging Note Holder on account of such other Note Holder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee.
A Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Note Holder to such Note Pledgee
(and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage
Loan Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale held
by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging
Note Holder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional
Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing from and after such Transfer (i.e.,
realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The
rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until
such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the
pledged Note has terminated.

 

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

 

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

 

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

 

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

 

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

 

    	43 

     

    

 

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

 

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

 

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

 

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

 

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

 

    	44 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

Section
18.     Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument
in writing signed by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note
Holders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no
such confirmation from the Rating Agencies shall be required in connection with a modification (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Lead Securitization
Servicing Agreement, (ii) to make other provisions with respect to matters or questions arising under this Agreement, which shall
not be inconsistent with the provisions of this Agreement, (iii) entered into pursuant to Section 31 of this Agreement or (iv)
if and to the extent that it would be deemed given or not required pursuant to the definition of Rating Agency Confirmation in
the Lead Securitization Servicing Agreement and/or any Non-Lead Securitization Servicing Agreement, as applicable.

 

    	45 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

(b)          Each
Non-Lead Securitization Note Holder and each Note B Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder
against and hold the Lead Securitization Note Holder harmless from and against any Taxes, interest, penalties and

 

    	46 

     

    

 

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

 

(c)          Each
Non-Lead Securitization Note Holder and each Note B Holder represent to the Lead Securitization Note Holder (for the benefit of
the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder nor the Mortgage
Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise
pursuant to this Agreement. Contemporaneously with the execution of this Agreement and from time to time as necessary during the
term of this Agreement, each Non-Lead Securitization Note Holder and each Note B Holder shall deliver to the Lead Securitization
Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization Note Holder substantiating that such
Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not obligated under applicable law to withhold
Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the
foregoing, (i) if a Non-Lead Securitization Note Holder is created or organized under the laws of the United States, any state
thereof or the District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder an Internal Revenue Service Form W-9 and (ii) if a Non-Lead Securitization Note Holder is not created or organized
under the laws of the United States, any state thereof or the District of Columbia, and if the payment of interest or other amounts
by the Mortgage Loan Borrower is treated for United States income tax purposes as derived in whole or part from sources within
the United States, such Note Holder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization
Note Holder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms,
as may be required from time to time, duly executed by such Note Holder, as evidence of such Note Holder’s exemption from
the withholding of United States tax with respect thereto. The Lead Securitization Note Holder shall not be obligated to make
any payment hereunder with respect to a Non-Lead Securitization Note or a Note B Holder or otherwise until the related Non-Lead
Securitization Note Holder shall have furnished to the Lead Securitization Note Holder requested forms, certificates, statements
or documents.

 

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

 

    	47 

     

    

 

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

 

Section
26.     Cooperation in Securitization.

 

(a)          Each
Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization Note Holder,
each Note Holder shall use reasonable efforts, at the Lead Securitization Note Holder’s expense, to satisfy, and to cooperate
with the Lead Securitization Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to
which the Lead Securitization Note Holder customarily adheres or which may be reasonably required in the marketplace or by the
Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any modifications
to this Agreement or the Mortgage Loan Documents and to cooperate with the Lead Securitization Note Holder in attempting to cause
the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably
requested by the Rating Agencies to effect the Securitization; provided, however, that either in connection with
the Lead Securitization or otherwise at any time prior to the Lead Securitization, none of the Note Holders shall be required
to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection
therewith, if such modification or amendment would (i) change the interest allocable to, or the amount of any payments due to
or priority of such payments to, a Note Holder or (ii) materially increase a Note Holders’ obligations or materially decrease
any Note Holders’ rights, remedies or protections. In connection with the Lead Securitization, each Note Holder agrees to
provide for inclusion in any disclosure document relating to the Lead Securitization such information concerning such Note Holder
and the related Note as the Lead Securitization Note Holder reasonably determines to be necessary or appropriate, and each Note
Holder covenants and agrees that it shall, at the Lead Securitization Note Holder’s expense, cooperate with the reasonable
requests of each Rating Agency and Lead Securitization Note Holder in connection with the Lead Securitization (including, without
limitation, reasonably cooperating with the Lead Securitization Noteholder (without any obligation to make additional representations
and warranties) to enable the Lead Securitization Noteholder to make all necessary certifications and deliver all necessary opinions
(including customary securities law opinions) in connection with the Mortgage Loan and the Lead Securitization), as well as in
connection with all other matters and the preparation of any offering documents thereof and to review and respond reasonably promptly
with respect to any information relating to a Note Holder and the related Non-Lead Securitization Note in any Securitization document.
Each Note Holder acknowledges that the information provided by it to the Lead Securitization Note Holder may be incorporated into
the offering documents for the Lead Securitization. The Lead Securitization Note Holder and each Rating Agency shall be entitled
to rely on the information supplied by, or on behalf of, each Note Holder. The Lead Securitization Note Holder will reasonably
cooperate with each Note Holder by providing all information reasonably requested that is in the Lead Securitization Note Holder’s
possession in connection with each Note Holders’ preparation of disclosure materials in connection with a Securitization.

 

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

 

Section
27.      Notices.

 

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

 

Section
28.     Broker.

 

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

 

Section
29.     Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

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

 

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

 

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

 

    	49 

     

    

 

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

 

Section
30.     Termination and Resignation of Agent.

 

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

 

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

 

Section
31.    Resizing. Notwithstanding any other provision of this Agreement, for so long as Natixis or an affiliate
of Natixis (an “Original Entity”) is the owner of a Non-Lead Securitization Note (the “Owned Note”),
such Original Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower
to execute amended and restated notes or additional notes (in either case, “New Notes”) reallocating the principal
of the Owned Note to such New Notes; or severing the Owned Note into one or more further “component” notes in the
aggregate principal amount equal to the then outstanding principal balance of the Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of the Owned
Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such
amendments, (iii) all Notes pay pro rata and on a pari passu basis (to the extent described in the Mortgage Loan
Agreement) and such reallocated or component notes shall be automatically subject to the terms of this Agreement, (iv) the Original
Entity holding the New Notes shall notify the Lead Securitization Note Holder, the Master Servicer, the Special Servicer, the
Certificate Administrator and the Trustee in writing of such modified allocations and principal amounts, and (v) the execution
of such amendments and New Notes does not violate the Servicing Standard. If the Lead Securitization Note Holder so requests,
the Original Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing
applicability of this Agreement to the New Notes, as so modified. Except for the foregoing reallocation and for modifications
pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without
the consent of its holder and the consent of the holders of the other Notes. In connection with the foregoing (provided
the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through (iv), as certified by the Original
Entity, on which

 

    	50 

     

    

 

certification the Master
Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents
and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation
of principal. If more than one New Note is created hereunder, for purposes of exercising the rights of a Non-Controlling Senior
Note Holder hereunder, the “Non-Controlling Senior Note Holder” of such New Notes shall be as provided in the definition
of such term in this Agreement.

 

Section
32.     Cure Rights of Note B-A Holder and Note B-B Holder.

 

(a)          Subject
to Section 32(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal or interest on the
Mortgage Loan by the end of the applicable grace period for such payment permitted under the applicable Mortgage Loan Documents
(a “Monetary Default”), the Lead Securitization Note Holder shall promptly provide notice to the Note B-B Holder,
the Note B-A Holder and the Controlling Note Holder Representative of such default (the “Monetary Default Notice”).
The Note B-B Holder and/or the Note B-A Holder, as applicable, shall have the right, but not the obligation, to cure such Monetary
Default (such curing Note Holder, the “Curing Note Holder”) within ten (10) Business Days after receiving the
Monetary Default Notice (the “Cure Period”). If both the Note B-B Holder and the Note B-A Holder elect to cure
such Monetary Default, the Note B-B Holder will be the “Curing Note Holder”; provided, however, that
in the case of a Non-Monetary Default, if both the Note B-B Holder and the Note B-A Holder elect to cure such default, the Note
B-B Holder will be the “Curing Note Holder” so long as it is diligently pursuing such non-monetary cure, and will
have the exclusive right to effect such cure. At the time a payment is made to cure a Monetary Default, the Curing Note Holder
shall pay or reimburse the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder (and, in the case of any
cure made by the Note B-B Holder, the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder and the Note B-A
Holder) for all unreimbursed Advances (whether or not recoverable), Advance Interest Amounts, any unpaid fees to any Servicer
and any Additional Servicing Expenses. The Curing Note Holder shall not be required, in order to effect a cure hereunder, to pay
any default interest or late charges under the Mortgage Loan Documents. So long as a Monetary Default exists for which a cure
payment permitted hereunder is made, such Monetary Default shall not be treated as an Event of Default for purposes of (i) the
definition of “Sequential Pay Event,” (ii) accelerating the Mortgage Loan, modifying, amending or waiving any provisions
of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure
or other similar legal proceedings with respect to the Mortgaged Property; or (iii) treating the Mortgage Loan as a “Defaulted
Loan” (as defined in the Lead Securitization Servicing Agreement); provided that such limitation shall not prevent
the Lead Securitization Note Holder or the Non-Lead Securitization Note Holder from collecting default interest or late charges
from the Mortgage Loan Borrower. Any amounts advanced by a Note Holder on behalf of the Mortgage Loan Borrower to effect any cure
shall be reimbursable to such Note Holder under Section 3.

 

(b)          Notwithstanding
anything to the contrary contained in Section 32(a), the Note B-B Holder and the Note B-A Holder collectively shall be limited
to six (6) cures of Monetary Defaults in the aggregate in a 12 month period, and six (6) cures of Non-Monetary Defaults in the
aggregate over the term of the Mortgage Loan, it being understood that a Non-Monetary Default Cure Period that may extend longer
than one month in accordance with

 

    	51 

     

    

 

Section 32(d) shall be considered to be a single cure. Additional Cure Periods shall only be
permitted with the consent of the Lead Securitization Note Holder, and in the case of any cure made by the Note B-B Holder, the
Lead Securitization Note Holder and the Note B-A Holder.

 

(c)          No
action taken by the Note B-B Holder or Note B-A Holder in accordance with this Agreement shall excuse performance by the Mortgage
Loan Borrower of its obligations under the Mortgage Loan Documents and the rights of the Lead Securitization Note Holder and the
Non-Lead Securitization Note Holder under the Mortgage Loan Documents shall not be waived or prejudiced by virtue of the Note
B-B Holder’s or Note B-A Holder’s actions under this Agreement. Subject to the terms of this Agreement, the Curing
Note Holder shall be subrogated to the rights of the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder
with respect to any payment owing to the Lead Securitization Note Holder or the Non-Lead Securitization Note Holder for which
the Curing Note Holder makes a cure payment as permitted under this Section 32, but such subrogation rights may not be exercised
against the Mortgage Loan Borrower until 91 days after the Lead Securitization Note and the Non-Lead Securitization Note (and
in the case of any subrogation rights held by the Note B-B Holder, the Lead Securitization Note, the Non-Lead Securitization Note
and the Note B-B) are paid in full.

 

(d)          If
an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Note Holder shall promptly provide notice to the Note B-B Holder, the Note B-A Holder
and the Controlling Note Holder Representative of such failure (the “Non-Monetary Default Notice”) and the
Note B-B Holder and/or the Note B-A Holder, as applicable, shall have the right, but not the obligation, to cure such Non-Monetary
Default within ten (10) days from the later of (i) the expiration of the cure period of the Mortgage Loan Borrower under the Mortgage
Loan Documents and (ii) receipt of the Non-Monetary Default Notice; provided, however, if such Non-Monetary Default
is susceptible of cure but cannot reasonably be cured within such period and if curative action was promptly commenced and is
being diligently pursued by the applicable Curing Note Holder, such Curing Note Holder shall be given an additional period of
time as is reasonably necessary to enable such Curing Note Holder in the exercise of due diligence to cure such Non-Monetary Default
for so long as (i) the Curing Note Holder diligently and expeditiously proceeds to cure such Non-Monetary Default, (ii) the Curing
Note Holder makes all cure payments that it is permitted to make in accordance with the terms and provisions of Section 32(a)
hereof, (iii) such additional period of time does not exceed sixty (60) days, (iv) such Non-Monetary Default is not caused by
an Insolvency Proceeding or during such period of time that the Curing Note Holder has to cure a Non-Monetary Default in accordance
with this Section 32(d) (the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur and
(v) during such Non-Monetary Default Cure Period, there is no material adverse effect on the Mortgage Loan Borrower or the Mortgaged
Property or the value of the Mortgage Loan as a result of such Non-Monetary Default or the attempted cure.

 

Section
33.     Purchase Rights of Note B-B Holder and of Note B-A Holder. The Note B-B Holder shall have the
right, by written notice to the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder and the Note B-A Holder,
and the Note B-A Holder shall have the right, by written notice to the Lead Securitization Note Holder and the Non-Lead Securitization
Note Holder (any such notice, a “Note Holder Purchase Notice”), delivered at any time an Event of Default under
the Mortgage Loan has occurred and is continuing, to purchase

 

    	52 

     

    

 

(x) in the case of a purchase
made by the Note B-B Holder, the Lead Securitization Notes, the Non-Lead Securitization Note and Note B-A and (y) in the case
of a purchase made by the Note B-A Holder, each of the Lead Securitization Notes and the Non-Lead Securitization Note, in immediately
available funds, in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. Upon the delivery of the Note
Holder Purchase Notice to the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder and/or the Note B-A Holder,
as applicable, the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder and/or the Note B-A Holder shall sell
(and the Note B-B Holder or the Note B-A Holder, as applicable, shall purchase) the Lead Securitization Notes, the Non-Lead Securitization
Note and, if applicable, the Note B-A at the Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Mortgage
Loan Purchase Date”) (i) not more than ten (10) Business Days after the written exercise by the Note B-B Holder or the
Note B-A Holder, as applicable, to purchase the Lead Securitization Notes, the Non-Lead Securitization Note and, if applicable,
Note B-A or (ii) not more than thirty (30) days after the written exercise by the Note B-B Holder or the Note B-A Holder, as applicable,
to purchase the Lead Securitization Notes, the Non-Lead Securitization Note and if applicable, Note B-A if such purchasing Note
Holder deposits 10% of the Defaulted Mortgage Loan Purchase Price with the Lead Securitization Note Holder within ten (10) Business
Days after the written exercise of the Note B-B Holder or the Note B-A Holder, as applicable, to purchase the Lead Securitization
Notes, the Non-Lead Securitization Note and, if applicable, Note B-A. Any Note Holder Purchase Notice shall contain a statement
that the Note B-B Holder’s or the Note B-A Holder’s failure to purchase the Lead Securitization Notes and the Non-Lead
Securitization Note on a Defaulted Mortgage Loan Purchase Date will result in the termination of such Note Holder’s right.
The Note B-B Holder and the Note B-A Holder agree that the sale of the Lead Securitization Notes and the Non-Lead Securitization
Note shall comply with all requirements of the Lead Securitization Servicing Agreement and that all costs and expenses related
thereto shall be paid by the purchasing Note Holder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Lead
Securitization Note Holder (or the Master Servicer on its behalf) three (3) Business Days prior to the Defaulted Mortgage Loan
Purchase Date (and such calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase
Price), and shall, absent manifest error, be binding upon the purchasing Note Holder. Concurrently with the payment to the Lead
Securitization Note Holder, the Non-Lead Securitization Note Holder and, if applicable, the Note B-A Holder in immediately available
funds of its respective portion of the Defaulted Mortgage Loan Purchase Price, the Lead Securitization Note Holder, the Non-Lead
Securitization Note Holder and, if applicable, the Note B-A Holder will execute at the sole cost and expense of the purchasing
Note Holder in favor of such purchasing Note Holder assignment documentation which will assign the Lead Securitization Notes,
the Non-Lead Securitization Note and, if applicable, Note B-A and the related Mortgage Loan Documents without recourse, representations
or warranties (except that each selling Note Holder will represent and warrant that it had good and marketable title to, was the
sole owner and holder of, and had power and authority to deliver the Mortgage Loan or Note, as applicable, free and clear of all
liens and encumbrances).

 

The
right of the Note B-B Holder and the Note B-A Holder, as applicable, to purchase the Lead Securitization Note and the Non-Lead
Securitization Note shall automatically terminate upon a foreclosure sale, sale by power of sale or delivery of a deed in lieu
of foreclosure with respect to the Mortgaged Property (and the Lead Securitization Note Holder shall give the Note B-B Holder,
or the Note B-A Holder, as applicable, fifteen (15) days’ notice

 

    	53 

     

    

 

of its intent with respect to any such action). Notwithstanding
the foregoing sentence, if title to the Mortgaged Property is transferred to the Master Servicer (or other nominee on behalf of
the Lead Securitization Note Holder) less than fifteen (15) days after the acceleration of the Mortgage Loan, the Lead Securitization
Note Holder shall notify the Note B-B Holder and the Note B-A Holder of such transfer, and each of the Note B-B Holder or Note
B-A Holder shall have a fifteen (15) day period from the date of such notice from Lead Securitization Note Holder to deliver a
Note Holder Purchase Notice in accordance with this Section 33, in which case the Note B-B Holder or the Note B-A Holder, as applicable,
will be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15) day period at the
applicable Defaulted Mortgage Loan Purchase Price.

 

In
the event both the Note B-B Holder and the Note B-A Holder deliver a Note Holder Purchase Notice, the Note B-B Holder shall have
the right to exercise the purchase option set forth in this Section 33.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	54 

     

    

 

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

 

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note A-A-1 Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

 

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note A-A-2 Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

 

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note A-A-3 Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

  

85
Broad Street – Co-Lender Agreement

 

    

     

    

  

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note A-B Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director

	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

 

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note B-A Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

 

	 	NATIXIS REAL
    ESTATE CAPITAL LLC,
	 	as
    Initial Note B-B Holder
	 	 	 
	 	By:	/s/
    Khaled Mohiuddin
	 	 	Name:
    Khaled Mohiuddin
	 	 	Title:
      Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name:
    Delphine Clerjaud
	 	 	Title:
      Vice President

 

85
Broad Street – Co-Lender Agreement

 

    

     

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

Description
of Mortgage Loan

 

	Mortgage
    Loan Borrower:	85
    Broad Street Property Owner LLC and 85 Broad Street TRS LLC
	Date
    of Mortgage Loan:	May
    24, 2017
	Date
    of Notes:	Dated
    as of June 23, 2017
	Original
    Principal Amount of Mortgage Loan:	$358,600,000.00
	Principal
    Amount of Mortgage Loan as of the date hereof:	$358,600,000.00
	Initial
    Note Principal Balance of Note A-A-1:	$70,000,000
	Initial
    Note Principal Balance of Note A-A-2:	$20,000,000
	Initial
    Note Principal Balance of Note A-A-3:	$79,000,000
	Initial
    Note Principal Balance of Note A-B:	$72,000,000
	Initial
    Note Principal Balance of Note B-A:	$58,800,000
	Initial
    Note Principal Balance of Note B-B:	$58,800,000
	Location
    of Mortgaged Property:	New
    York, New York
	Initial
    Maturity Date:	The
    Payment Date occurring in June 2027
	Note
    Rate of Note A-A-1	3.41253%
	Note
    Rate of Note A-A-2	3.41253%
	Note
    Rate of Note A-A-3	3.41253%
	Note
    Rate of Note A-B	3.69300%
	Note
    Rate of Note B-A	4.08000%
	Note
    Rate of Note B-B	4.60000%

 

    A-1

     

    

 

EXHIBIT
B

 

1.       Agent
Office:

 

(Prior
to the Securitization Date):

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

(Following
the Securitization Date):

 

    B-1

     

    

 

Midland
Loan Services, a Division of PNC Bank, National Association

10851 Mastin Street Building 82, Suite 300

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head,

Facsimile number: (888) 706-3565

with a copy to:

Stinson Leonard Street LLP

1201 Walnut Street

Suite 2900

Kansas City, Missouri 64106-2150

Facsimile number: (816) 412-9338

Attention: Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

2.       Initial
Note A-A-1 Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

    B-2

     

    

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

3.       Initial
Note A-A-2 Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

4.       Initial
Note A-A-3 Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

    B-3

     

    

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

5.       Initial
Note A-B Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

    B-4

     

    

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

6.       Initial
Note B-A Holder:

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

6.       Initial
Note B-B Holder:

 

    B-5

     

    

 

NATIXIS
REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Khaled Mohiuddin

Facsimile: (212) 891-5777

 

with
a copy to:

Natixis Real Estate Capital LLC

Office of Chief Operating Officer

1251 Avenue of the Americas

New York, New York 10020

Facsimile: (212) 891-6288

 

with
a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

 

for
legal notices, with a copy to:

legal.notices@us.natixis.com

 

    B-6

     

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

 

1. Apollo Global Real Estate

2. Archon Capital, L.P.

3. AREA Property Partners

4. BlackRock, Inc.

5. The Blackstone Group International Ltd.

6. Capital Trust, Inc.

7. Clarion Partners

8. Colony Capital, Inc.

9. DLJ Real Estate Capital Partners

10. Eightfold Real Estate Capital, L.P.

11. Fortress Investment Group LLC

12. Garrison Investment Group

13. Goldman, Sachs & Co.

14. iStar Financial Inc.

15. J.E. Roberts Companies

16. Lend-Lease Real Estate Investments

17. LoanCore Capital

18. Lonestar Funds

19. Praedium Group

20. Raith Capital Partners, LLC

21. Rialto Capital Management, LLC

22. Rialto Capital Advisors, LLC

23. Rockpoint Group

24. Starwood Capital/Starwood Financial Trust

25. Torchlight Investors

26. Walton Street Capital, LLC

27. Westbrook Partners

28. WestRiver Capital

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

 

    C-1Exhibit 4.14

 

EXECUTION
VERSION

	 

 

AHIP
Northeast Portfolio III

 

CO-LENDER
AGREEMENT

 

Dated
as of August 17, 2017

 

between

 

DEUTSCHE
BANK AG, NEW YORK BRANCH 

(Note
A-1 Holder) 

and 

DEUTSCHE
BANK AG, NEW YORK BRANCH 

(Note
A-2 Holder)

	 

  

     

     

    

 

TABLE
OF CONTENTS

 

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

 

    -i- 

     

    

 

THIS
CO-LENDER AGREEMENT (the “Agreement”), dated as of August 17, 2017, is between DEUTSCHE BANK AG, NEW YORK
BRANCH (“DBNY”), a branch of Deutsche Bank AG, a German Bank, having an address at 60 Wall Street, 10th
Floor, New York, New York 10005, as the holder of Note A-1 and Note A-2.

 

W
I T N E S S E T H:

 

WHEREAS,
DBNY has made a mortgage loan in the original principal amount of $52,400,000 (the “Mortgage Loan”) to AHIP
MD Baltimore 8477 Properties LLC, AHIP MD Baltimore Enterprises LLC, AHIP NJ Egg Harbor 3008 Properties LLC, AHIP NJ Egg Harbor
3008 Enterprises LLC, AHIP NY Bellport Properties LLC, AHIP NY Enterprises LLC, and AHIP Baltimore 8225 Properties LLC, each,
a Delaware limited liability company (collectively, the “Borrower”) pursuant to a loan agreement between the
Borrower, as borrower, and DBNY, as lender, dated as of June 22, 2017 (the “Loan Agreement”);

 

WHEREAS,
the Mortgage Loan is evidenced by two notes, Promissory Note A-1 in the original principal amount of $32,400,000 and Promissory
Note A-2 in the original principal amount of $20,000,000 (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 properties known
as Fairfield Inn & Suites Baltimore – White Marsh, Homewood Suites – Egg Harbor Township, SpringHill Suites –
Bellport, and Hampton Inn Baltimore – White Marsh (collectively, the “Mortgaged Property”);

 

WHEREAS,
DBNY intends (but is not bound) to sell, transfer and assign its right, title and interest in and to Note A-1 to German American
Capital Corporation (“GACC”), an affiliate of DBNY, and GACC intends to sell, transfer and assign its right,
title and interest in and to Note A-1 to UBS Commercial Mortgage Securitization Corp. (“UBSCMS”), as depositor,
pursuant to a Mortgage Loan Purchase Agreement to be dated as of July 31, 2017, by and between UBSCMS, as purchaser, and GACC,
as seller, and UBSCMS intends to transfer its right, title and interest in and to Note A-1 to Wells Fargo Bank, National Association,
as trustee for the UBS Commercial Mortgage Trust 2017-C2 under a pooling and servicing agreement, dated as August 1, 2017(the
“C2 PSA”), between UBSCMS, as depositor, Midland Loan Services, a Division of PNC Bank, National Association,
as master servicer and as special servicer, Wells Fargo Bank, National Association, as trustee, certificate administrator, paying
agent, and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations reviewer (such sales,
transfers and assignments, the “C2 Securitization”);

 

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

 

     

     

    

 

WHEREAS,
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 and Note A-2, 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 C2 PSA or the Note A-2 PSA.

 

“Affiliate”
shall mean with respect to any specified Person, any other Person controlling or controlled by or under common control with such
specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means
the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative
to the foregoing.

 

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

 

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

 

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

 

“Borrower
Party Affiliate”: With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine
holder, (a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted
mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests
in such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly, 25% or more of
the beneficial interests in such restricted mezzanine holder. For the purposes of this definition, “control” when
used with respect to any specified person means the power to direct the management and policies of such

 

    	-2- 

     

    

 

person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling”
and “controlled” have meanings correlative to the foregoing.

 

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

 

“C2
Master Servicer” shall mean the master servicer of the Mortgage Loan under the C2 PSA.

 

“C2
PSA” shall have the meaning assigned to such term in the recitals.

 

“C2
Securitization” shall have the meaning assigned to such term in the recitals.

 

“C2
Securitization Date” shall mean the closing date of the C2 Securitization.

 

“C2
Special Servicer” shall mean the special servicer of the Mortgage Loan under the C2 PSA.

 

“C2
Trustee” shall mean the trustee under the C2 PSA.

 

“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 C2 Securitization or the Note A-2 Securitization.

 

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

 

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

 

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

 

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

 

“DBNY”
shall mean Deutsche Bank AG, New York Branch and its successors in interest.

 

    	-3- 

     

    

 

“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 C2 Securitization, UBSCMS, and (ii) with respect to the Note A-2 Securitization, the depositor
under the Note A-2 PSA.

 

“Designated
Holder” shall mean the Holder of Note A-1.

 

“Directing
Holder” shall mean the Note A-1 Holder or, if Note A-1 is included in a Securitization, the holders of the Note A-1
Securitization 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 Borrower Party 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.

 

“GACC”
shall mean German American Capital Corporation and its successors in interest.

 

    	-4- 

     

    

 

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

 

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

 

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

 

“Lead
Note” shall mean Note A-1.

 

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

 

“Lead
Securitization” shall mean the C2 Securitization.

 

“Lead
Securitization PSA” shall mean the C2 PSA.

 

“Lead
Securitization Trust” shall mean the trust established under the C2 PSA.

 

“Lead
Servicer” shall mean the master servicer designated under the C2 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 C2 PSA; provided,
however, that no remittance is required to be made until two Business Days after receipt of properly identified and available
funds constituting the scheduled monthly payment with respect to the Mortgage Loan; and

 

(ii)          with
respect to Note A-2, the earlier of (a) the “Master Servicer Remittance Date” (or analogous term) as defined in the
Servicing Agreement or (b) the first Business Day after the “determination date,” as such term or a similar term is
defined in the Note A-2 PSA, as applicable, provided, however, that no remittance is required to be made until one Business Day
after the scheduled monthly payment date under the Loan Agreement.

 

    	-5- 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Directing
Holders” shall mean the Note A-2 Holders or if any of the Note A-2 is included in a Securitization, 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.

 

“Non-Lead
Master Servicer” shall mean, with respect to any Non Lead Note, the “master servicer” under the related
PSA (other than the Non-Lead Note that is included in the Lead Securitization).

 

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

 

“Non-Lead
Note Holders” shall mean the holders of the Non-Lead Note (other than the Non-Lead Note that is included in the Lead
Securitization).

 

    	-6- 

     

    

 

“Non-Lead
Servicing Agreements” shall mean the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included
in the Lead Securitization).

 

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

 

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

 

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

 

“Note
A-1 Master Servicer” shall mean the master servicer under the C2 PSA.

 

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

 

“Note
A-1 PSA” shall mean the C2 PSA.

 

“Note
A-1 Securitization” shall mean the C2 Securitization.

 

“Note
A-1 Securitization Date” shall mean the closing date of the C2 Securitization.

 

“Note
A-1 Trustee” shall mean the trustee under the C2 PSA.

 

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

 

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

 

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

 

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

 

“Note
A-2 Securitization” shall mean the first sale by the Note A-2 Holder of all or 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.

 

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

 

    	-7- 

     

    

 

“P&I
Advance” shall mean an advance made by a party to the C2 PSA and/or the Note A-2 PSA, as applicable, with respect to
a delinquent monthly debt service payment on the Notes included in the related Securitization.

 

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

 

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

 

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

 

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

 

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments
of interest among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the
interest accrued on such Note at the respective 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 outstanding principal balance of its Note in relation to the outstanding principal balance of the
entire Mortgage Loan of such particular payment, collection, cost, expense, liability or other amount.

 

“PSA”
shall mean any pooling and servicing agreement or other servicing agreement executed in connection with a Securitization.

 

“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, provided each of (i), (ii) and (iii) are still qualified servicers pursuant
to the Servicing Agreement, 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

 

    	-8- 

     

    

 

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) in the case of DBRS, that within the twelve (12) month period prior to the date of determination such
servicer was acting as servicer or special servicer, as applicable, in a commercial mortgage loan securitization that was rated
by DBRS and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such servicer as servicer or special servicer,
as applicable, of such commercial mortgage securities as a material reason for such downgrade or withdrawal. For purposes of this
definition, for so long as any Note is included in a Securitization, the ratings or actions of any Rating Agency that is not rating
any such Securitization(s) shall not be considered.

 

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

 

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

 

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

 

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

 

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

 

(v)         a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized loan 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

 

    	-9- 

     

    

 

issued
in connection with the Securitization of a Note (and, if DBRS is not one of such Rating Agencies, the special servicer for the
Securitization Vehicle is a Qualified Servicer); (2) the special servicer for the Securitization Vehicle is a Qualified Servicer
at the time of transfer; or (3) in the case of a Securitization Vehicle that is a CLO, the CLO Asset Manager and, if applicable,
each Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager that is a Qualified 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 unsecured debt is then rated in one of the top two rating categories of each of the Rating
Agencies.

 

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

 

    	-10- 

     

    

 

would
otherwise require a Rating Agency Confirmation shall require the consent of the Designated 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 the Servicing
Agreement, the C2 PSA and the Note A-2 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.

 

“REMIC”
shall have the meaning assigned to such term in Section 2(f).

 

“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 S&P Global Ratings and its successors in interest.

 

“Securitization”
shall mean the C2 Securitization and the Note A-2 Securitization.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization.

 

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

 

“Servicing
Agreement” shall mean the C2 PSA; provided that in the event the Lead Note is no longer an asset of the trust
fund created pursuant to the C2 PSA, 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

 

    	-11- 

     

    

 

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 or hereunder.

 

“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 the C2 PSA and/or the Note A-2 PSA, as the context indicates.

 

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 by the Master Servicer and the Special Servicer under the Servicing Agreement in effect at
any given time.

 

(b)          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).

 

    	-12- 

     

    

 

(c)          If,
at any time the Lead Note is no longer in a Securitization, the Designated 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 Designated 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 Designated Holder and does not have to be performed by the service providers set forth under the Servicing
Agreement that was previously in effect.

 

(d)          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 a Borrower Party Affiliate 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.

 

(e)          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.

 

(f)          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.

 

    	-13- 

     

    

 

(g)          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 and Note A-2 shall be of equal priority, and no portion of any of Note A-1 and Note A-2 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 Note A-1 and Note
A-2 on a Pro Rata and Pari Passu Basis.

 

The
Servicing Agreement may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i)
pay the Master Servicer, the Trustee or the Special Servicer for interest accrued on any Property Advances, (ii) to pay the parties
to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred with respect to
the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation, except
that, for so long as Note A-2 is not included in a Securitization, any Penalty Charges allocated to any Note that is not in a
securitization 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 or Note A-2 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 and Note A-2, 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 and Note A-2 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

 

    	-14- 

     

    

 

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 and Note A-2 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 or Note A-2 determines, or
a court of competent jurisdiction orders, at any time that any amount received or collected in respect of Note A-1 or Note A-2
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, 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 or the Note A-2 Holder, as applicable,
and the Note A-1 Holder or the Note A-2 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 or the Note A-2 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, any Servicer or such other person or entity with respect thereto. Both the Note A-1 and the Note A-2 Holder, agree
that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its
distributable share thereof, it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right
to offset any amounts due hereunder from the Note A-1 Holder or the Note A-2 Holder, as applicable, with respect to the Mortgage
Loan against any future payments due to the Note A-1 Holder or the Note A-2 Holder, as applicable, under the Mortgage Loan, provided,
that the obligations of the Note A-1 Holder and the Note A-2 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 and the Note A-2 Holder, under this Section 5 constitute absolute, unconditional and continuing
obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.

 

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

 

7.          Representations
of the Holders. (a) Each of the 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.

 

    	-15- 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

(viii)      It
is a Qualified Transferee.

 

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

 

    	-16- 

     

    

 

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 or Note A-2 shall be deemed to be a security within the meaning of the Securities Act of 1933,
as amended, or the Securities Exchange Act of 1934, as amended.

 

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 Borrower Party Affiliate, and receive payments on such other loans
or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without accountability,
but only if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement and the transactions
contemplated hereby were not in effect.

 

12.          Transfer
of Notes. (a) Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether or not
the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder agrees it shall not Transfer
more than 49% (in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee, unless (i) prior to
a Securitization of any Note, the other Holders have consented to such Transfer, in which case the related transferee (and its
Affiliates) 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 in connection with a sale by a Securitization Trust; provided that if such Transfer
is a Transfer of the Lead Note, such Transfer is to a Qualified Transferee. With respect to any Transfers pursuant to (i) or (ii)
above (except with respect to a Transfer to a Securitization Trust) such transferee must (x) assume in writing the obligations
of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and, if applicable, the
Servicing Agreement and (y) remake each of the representations and warranties contained herein for the benefit of the other Holders.
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

 

    	-17- 

     

    

 

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

 

    	-18- 

     

    

 

(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 a Borrower or any Borrower Party Affiliate)
that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure),
and such Person’s successor and assigns, as the successor to the pledging Holder’s rights, remedies and obligations
under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations of the pledging
Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder
(and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

    	-19- 

     

    

 

right
to, and hereby presently and irrevocably assigns and conveys to the Servicer the rights, if any, that such Holder has to (A) call
or cause the Servicer to call an Event of Default under the Mortgage Loan, or (B) exercise any remedies with respect to the Mortgage
Loan or the Borrower, including, without limitation, filing or causing the Lead Note Holder or such Servicer to file any bankruptcy
petition against the Borrower. Each Holder shall, from time to time, execute such documents as any Servicer shall reasonably require
to evidence such assignment with respect to the rights described in clause (iii) of the first sentence in this Section 13(a).

 

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

 

(c)          The
Holders hereby acknowledge and agree 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:

 

(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

 

    	-20- 

     

    

 

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 a Borrower or a Borrower Party Affiliate).

 

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

 

(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(f) of this Agreement.

 

14.          Rights
of the Directing Holder. (a) 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,
subject to the terms of the Servicing Agreement.

 

(b)          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

 

    	-21- 

     

    

 

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

 

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

 

(d)          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.

 

(e)          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 (including, to the extent a Note is included in a Securitization,
the parties to the related 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.

 

    	-22- 

     

    

 

16.          Rights
of the Non-Directing Holders. (a) The C2 PSA shall provide that the Servicer shall be required:

 

(i)       
   to provide copies of the same notices, information and reports that it is required to provide to the Directing
Holder pursuant to the Servicing Agreement with respect to any Major Actions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the Mortgage Loan to the Non-Directing Holders (but without regard to whether or
not the Directing Holder actually has lost any rights to receive such information as a result of a Consultation Termination Event),
within the same time frame as specified with respect to the Directing Holder (but without regard to whether or not the Directing
Holder actually has lost any rights to receive such information as a result of a Consultation Termination Event), provided,
however, that if a Note 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.

 

    	-23- 

     

    

 

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

 

17.          Advances;
Reimbursement of Advances. (a) From time to time, (i) pursuant to terms of the Servicing Agreement, the Lead Servicer and/or
the related Trustee may be obligated to make (1) Property Advances with respect to the Mortgage Loan or the Mortgaged Property
and (2) P&I Advances with respect to the Lead Note and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related
Non-Lead Master Servicer and/or the related Trustee may be obligated to make P&I Advances with respect to a Non-Lead Note.
The Lead Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note
and the related Non-Lead Master Servicer and/or the related Trustee will not be required to make any P&I Advance with respect
to any Lead Note, 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 C2 PSA and the Note A-2 PSA.

 

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

 

(c)          To
the extent 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 C2 PSA and the Note A-2 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 or the Note
A-2 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.

 

    	-24- 

     

    

 

18.          Provisions
Relating to Securitization.

 

(a)
New Notes. For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”)
shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated
notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of
the Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing
a Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding
principal balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the
Amended Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes
prior to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part
prior to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and
such reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder
holding the New Notes shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization,
the parties under each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts.
In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and
this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for
the purpose of reflecting such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note, (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New Notes and (4) if the Lead Note is severed into “component” notes, another note (or one of the New Notes) may
be substituted for Note A-1 in the definition of “Designated Holder” and “Directing Holder” and the definitions
of “Lead Note” and “Lead Securitization” and Non-Directing Holder” will be revised accordingly.
Neither Rating Agency Confirmation nor approval of the Directing Holder shall be required for any amendments to this Agreement
required to facilitate the terms of this Section 18(a). The Resizing Holder whose Note is being reallocated or split pursuant
to this Section 18(a) shall reimburse the other Holders for all costs and expenses incurred by the other Holders in connection
with the reallocation or split.

 

(b)          The
Non-Lead Note Holder agrees that (if a Non-Lead Note is included in a Securitization other than the Lead Securitization) it shall
cause the Non-Lead Servicing Agreement to provide as follows:

 

(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 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

 

    	-25- 

     

    

 

provide
the other servicers written notice of such determination within 2 Business Days after such determination was made;

 

(iii)         in
the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any other portion
of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17 and funds received
with respect to such Non-Lead Note are insufficient to cover such amounts, (x) the related master servicer will be required
to pay the Master Servicer, Special Servicer or 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 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 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.

 

    	-26- 

     

    

 

(c)          Notice
to Parties to the Lead Securitization PSA. Each Non-Lead Note Holder shall provide the Depositor, the Trustee, the Servicer,
and the Special Servicer under the Lead Securitization PSA (as of the related Securitization Date) (provided such party
is not also a party to the Lead Securitization PSA) notice of the related Securitization in writing (which may be by email) prior
to or promptly following such Securitization Date. Such notice shall contain contact information for each of the parties to the
related PSA and the identity of the Controlling Class Representative under such PSA. In addition, after the Securitization Date
for any other Notes, the related Note Holder shall send a copy of the related PSA to the Depositor, the Servicer, and the Special
Servicer under the Lead Securitization PSA (as of the related Securitization Date) (provided such party is not also a party
to the Lead Securitization PSA).

 

(d)          The
Lead Securitization PSA shall:

 

(i)      
   provide that 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)          provide
that 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)         provide
that 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)         provide
that the Master Servicer agrees to make available to each master servicer under a Non-Lead Servicing Agreement the CREFC®
Investor Reporting Package® pursuant to the terms of the Servicing Agreement on a monthly basis
on the applicable Master Servicer Remittance Date;

 

(v)          provide
that the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization, 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), notices, 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 (1)
their obligations under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule

 

    	-27- 

     

    

 

15Ga-1),
as amended, and Regulation AB, and any other applicable law and (2) any applicable comment letter from the Commission. 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 PSA 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 with respect to the
Lead Servicers, upon prior written request, market indemnification agreements, opinions and Regulation AB compliance letters as
were or are being delivered with respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means
Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended
from time to time, and subject to such clarification and interpretation as have been provided by the United States Securities
and Exchange Commission (the “Commission”) or by the staff of the Commission, or as may be provided by the
Commission or its staff from time to time, in each case as effective from time to time as of the compliance dates specified therein.
The Master Servicer, any primary servicer and the Special Servicer, upon prior written request, shall each be required to provide
certification and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms)
as such terms are defined in the related Non-Lead Servicing Agreements;

 

(vi)         provide
that 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)        provide
that, with respect to any/each Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit
to the Holder of the Non-Lead Note, within one (1) Business Day of receipt of properly identified and available funds, any amounts
that represent late collections or principal prepayments on such Non-Lead Note or any successor REO Property with respect thereto
(exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this Agreement), unless
such amount would otherwise be included in the monthly remittance to the Holder of such Non-Lead Note for such month; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit later collections to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall remit such amounts within
two Business Days of receipt of properly identified and available funds;

 

(viii)       provide
that 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

 

    	-28- 

     

    

 

rights
of the related Trustee with respect to such Non-Lead Note under this Agreement and the Servicing Agreement;

 

(ix)    
    provide that 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;

 

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

 

(xi)         satisfy
Moody’s rating methodology as of the Closing Date of the Lead Securitization related to permitted investments and eligible
accounts applicable to securities rated “Aaa” by Moody’s;

 

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

 

(xiii)       provide
that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary market
termination events with respect to failure to make advances, failure to remit payments to the Non-Lead Note Holders as required,
failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead Note Holders or the
depositor under a related Non-Lead Servicing Agreement to timely comply with its obligations under the Securities Exchange Act
of 1934, as amended, the Securities Act of 1933, as amended, or Form SF-3, and for rating agency triggers with respect to any
Certificates, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such
grace periods will not cause a depositor under a Non-Lead Servicing Agreement to fail to comply with the applicable provisions
of such securities laws). Upon the occurrence of such a servicer termination event with respect to the Master Servicer affecting
the Non-Lead Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization PSA, the Master
Servicer shall be required, upon the direction of the Non-Lead Note Holder, to appoint a subservicer with respect to the Non-Lead
Note. Upon the occurrence of a servicer termination event with respect to the Special Servicer affecting the Non-Lead Note Holder
and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization PSA, the Trustee shall, upon direction
of the Non-Lead Note

 

    	-29- 

     

    

 

Holder,
terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan; and

 

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

 

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.
Unless stated otherwise, 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 or email 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 will be held by the C2 Trustee (or by a custodian
on its behalf) under the terms of the C2 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 and Note A-2 Holder has caused this Agreement to be duly executed as of the day and
year first above written.

 

	 	Note A-1 Holder:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:   Matt Smith
	 	 	Title:     Director
	 	 	 
	 	By:	/s/ Helaine Kaplan
	 	 	Name:     Helaine Kaplan
	 	 	Title:       Managing Director

 

UBS
2017-C2 – AHIP Northeast Portfolio III–  Co-Lender Agreement 

 

    	 

     

    

 

	 	Note A-2 Holder:
	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name:   Matt Smith
	 	 	Title:     Director
	 	 	 
	 	By:	/s/ Helaine Kaplan
	 	 	Name:     Helaine Kaplan
	 	 	Title:       Managing Director

 

UBS
2017-C2 – AHIP Northeast Portfolio III– Co-Lender Agreement

 

    	 

     

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

A.          Description
of Mortgage Loan

 

	Borrower:	AHIP
    MD Baltimore 8477 Properties LLC, AHIP MD Baltimore Enterprises LLC, AHIP NJ Egg Harbor 3008 PROPERTIES LLC, AHIP NJ Egg Harbor
    3008 Enterprises LLC, AHIP NY Bellport Properties LLC, AHIP NY Enterprises LLC, and AHIP Baltimore 8225 Properties LLC
	Mortgage
    Loan Origination Date:	June
    22, 2017
	Initial
    Principal Amount of Mortgage Loan:	$52,400,000
	Location
    of Mortgaged Property:	Maryland,
    New Jersey, and New York
	Current
    Use of Mortgaged Property:	Hospitality
	Mortgage
    Interest Rate:	Note
                                         A-1: 4.53%

        Note
        A-2: 4.53% 

	Maturity
    Date:	July
    6, 2027

 

    A-3

     

    

 

B.          Description
of Notes

 

	Mortgage
    Loan Origination Date:	June
    22, 2017
	Initial
    Note A-1 Principal Balance:	$32,400,000
	Initial
    Note A-2 Principal Balance:	$20,000,000
	Initial
    Note A-1 Percentage Interest	61.8%
	Initial
    Note A-2 Percentage Interest	38.2%
	Note
    A-1 Interest Rate:	4.53%
	Note
    A-2 Interest Rate:	4.53%
	Note
    A-1 Default Interest Rate:	Lesser
    of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 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-1 Interest Rate

 

    A-4

     

    

 

EXHIBIT
B

 

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

 

Deutsche
Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Telecopier: (212) 797-4488

E-Mail: Robert.pettinato@db.com

 

with
a copy to:

 

Deutsche
Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel

 

with
a copy to:

 

Cadwalader,
Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Jeffrey Rotblat

Facsimile No.: (212) 504-6666

 

    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. 

KKR
Real Estate Manager Finance LLC 

 

    C-1

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