Document:

Exhibit 4.19 

 

EXECUTION
VERSION

	 

 

CO-LENDER AGREEMENT

 

Dated as of December 13, 2017

by and between

 

NATIXIS REAL ESTATE CAPITAL LLC

(Initial Note A-1 Holder)

 

NATIXIS REAL ESTATE CAPITAL LLC

(Initial Note A-2 Holder)

 

NATIXIS REAL ESTATE CAPITAL LLC

(Initial Note B-1 Holder)

 

and

 

NATIXIS REAL ESTATE CAPITAL LLC

(Initial Note B-2 Holder)

 

111 West Jackson 

	 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Section 1	Definitions	2
	Section 2	Servicing of the Mortgage Loan	17
	Section 3	Priority of Payments	22
	Section 4	Workout	26
	Section 5	Administration of the Mortgage Loan	27
	Section 6	Appointment of Controlling Note Holder
    Representative and Non- Controlling Senior Note Holder Representative	31
	Section 7	Appointment of Special Servicer	35
	Section 8	Payment Procedure	36
	Section 9	Limitation on Liability of the Note Holders	37
	Section 10	Bankruptcy	37
	Section 11	Representations of the Note Holders	38
	Section 12	No Creation of a Partnership or Exclusive Purchase Right	39
	Section 13	Other Business Activities of the Note Holders	39
	Section 14	Sale of the Notes	39
	Section 15	Registration of the Notes and Each Note Holder	42
	Section 16	Governing Law; Waiver of Jury Trial	42
	Section 17	Submission To Jurisdiction; Waivers	43
	Section 18	Modifications	43
	Section 19	Successors and Assigns; Third Party Beneficiaries	43
	Section 20	Counterparts	44
	Section 21	Captions	44
	Section 22	Severability	44
	Section 23	Entire Agreement	44
	Section 24	Withholding Taxes	44
	Section 25	Custody of Mortgage Loan Documents	45
	Section 26	Cooperation in Securitization	46
	Section 27	Notices	47
	Section 28	Broker	47
	Section 29	Certain Matters Affecting the Agent	47
	Section 30	Termination and Resignation of Agent	48
	Section 31	Resizing	48
	Section 32	Cure Rights of Note B-1 Holder and Note B-2 Holder	49
	Section 33	Purchase Rights of Note B-1 Holder and Note B-2 Holder	51

 

     i

     

    

 

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

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), 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
Promissory Note in the original principal amount of $105,000,000 dated as of November 15, 2017 (the “Original Promissory
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 Original Promissory Note into the following promissory notes, each dated as of November 20, 2017, the designation
and original principal amount of which are as set forth below, made by the Mortgage Loan Borrower in favor of Natixis (as amended,
modified or supplemented, each a “Note” and collectively, the “Notes”): 

 

	Note	Initial Note Holder	Original Principal Balance
	Note A-1	Natixis	$11,000,000
	Note A-2	Natixis	$30,000,000
	Note B-1	Natixis	$34,000,000
	Note B-2	Natixis	$30,000,000

 

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;

 

WHEREAS, Natixis intends
to sell, transfer and assign all of its right, title and interest in and to Note A-2 to UBS Commercial Mortgage Securitization
Corp. (“UBS”), as depositor, pursuant to a Mortgage Loan Purchase Agreement dated as of December 1, 2017, by
and between UBS, as purchaser, and Natixis, as seller, and UBS, as purchaser, intends to transfer its right, title and interest
in and to Note A-2 to Wilmington Trust, National Association, as trustee for the UBS 2017-C6 Commercial Mortgage Trust under a
pooling and servicing agreement, dated as of December 1, 2017, among UBS, as depositor, Wells Fargo Bank,

 

     

     

    

 

National Association,
master servicer, Rialto Capital Advisors, LLC, as special servicer, Pentalpha Surveillance LLC, as operating advisor and as asset
representations reviewer and Wells Fargo Bank, National Association, as certificate administrator;

 

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.

 

“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: subject to industry standard floors and caps (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-1 and Note A-2, 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-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.

 

     2

     

    

 

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

 

“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 have the meaning assigned to such term 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-2, a Note B-2 Control Appraisal Period; and

 

(b) with respect to Note
B-1, a Note B-1 Control Appraisal Period.

 

“Controlling
Note Holder” shall mean as of the Closing Date, the Note B-2 Holder, and thereafter, as of any date of determination;

 

(a) if a
Note B-2 Control Appraisal Period has occurred and is continuing, but a Note B-1 Control Appraisal Period has not occurred and
is continuing, the Note B-1 Holder, and

 

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

 

At any time that Note
B-1 or Note A-1 is included in a Securitization and the Note B-1 Holder or the Note 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 such 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 applicable Securitization servicing agreement.

 

“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).

 

     4

     

    

 

“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 Note A-1, Note A-2 and, if
applicable, Note B-1 pursuant to Section 33 the sum, without duplication, of:

 

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

 

(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-1, Note A-2 and, if applicable,
Note B-1 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

 

(g) in the
case of an exercise of the purchase option by the Note B-2 Holder, the Note Principal Balance of Note B-1 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 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-1, Note A-2 and, if applicable, Note
B-1 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.

 

     5

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

     6

     

    

 

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 during the period (i) from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization
Date, the Note A-2 Securitization and (ii) from and after the Note A-1 Securitization Date, the Note A-1 Securitization.

 

“Lead Securitization
Note” shall mean during the period (i) from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization
Date, Note A-2 and (ii) from and after the Note A-1 Securitization Date, Note A-1 and, if Note B-1 is included as an asset of the
Note A-1 Securitization, Note B-1.

 

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

 

“Lead Securitization
Servicing Agreement” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization
of the Lead Securitization Note.

 

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

 

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

 

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

 

“Model PSA”
shall mean shall mean the Pooling and Servicing Agreement for the CSAIL 2017-CX10, Commercial Mortgage Pass-Through Certificates,
Series 2017-CX10 transaction, among Credit Suisse Commercial Mortgage Securities Corp., as depositor, KeyBank National Association,
as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association, as certificate
administrator and as trustee, and Park Bridge Lender Services LLC, as operating advisor and as asset representations reviewer,
a copy of which is available from Natixis upon request.

 

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

 

     7

     

    

 

“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 November 15, 2017, between Natixis, as lender, and 111
West Jackson Holdings LLC 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.

 

“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-2 Holder.

 

     8

     

    

 

“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 during the period (i) from and after the Note A-2 Securitization Date and prior to the Note A-1
Securitization Date, Note A-1 (ii) from and after the Note A-1 Securitization Date, Note A-2.

 

“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.

 

“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).

 

     9

     

    

 

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

 

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

 

“Note B-1”
shall mean Note B-1, as further described on the Mortgage Loan Schedule.

 

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

 

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

 

“Note B-2”
shall mean Note B-2, as further described on the Mortgage Loan Schedule.

 

     10

     

    

 

“Note B-2 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-2 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-2 after the date of creation
of Note B-2, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the Note B-2 and (z) any losses
realized with respect to any Mortgaged Property or the Mortgage Loan that are allocated to Note B-2, 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-2 less (ii) any payments of principal (whether as principal
prepayments or otherwise) allocated to, and received by, the Note B-2 Holder on Note B-2 after the date of creation of Note B-2;
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-2 Holder
as the Controlling Note Holder.

 

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

 

     11

     

    

 

“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 Note(s) or (b) a party to a Non-Lead Securitization Servicing Agreement in 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 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

 

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

 

(iii)           a Qualified Trustee in connection with (a) a securitization of, (b) the creation of collateralized debt obligations
(“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 two nationally recognized credit
rating agencies; (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, 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), (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

 

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properties;
provided that, in the case of the entity described in clause (iv)(B) above, the requirements of this clause (y) may
be satisfied by a general partner, managing member, or the fund manager responsible for the day-to-day management and operation
of such entity; or

 

(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-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,

 

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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.

 

“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

 

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servicer
as special servicer of such commercial mortgage loans as a material reason for such 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
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 a foreseeable
default described in 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-1 Holder or Note B-2 Holder in accordance with Section 32) and shall not be
deemed to exist to the extent the Note B-1 Holder or Note B-2 Holder 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 such term (or other analogous term) in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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“Servicing Transfer
Event” shall have the meaning assigned to such term (or such other analogous term) 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 the Note B-1 Holder or Note B-2 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 have the meaning assigned to such term (or other analogous term) 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.

 

“Trustee”
shall mean, with respect to any Securitization, the bank or trust company as may be selected by the applicable depositor and approved
by the Rating Agencies to act as trustee for such Securitization, and shall include any fiscal agent and/or paying agent appointed
for such Securitization.

 

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

 

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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 Note B-2 is junior to Note B-1 and to
the A Notes and that Note B-1 is 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 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 Note(s).

 

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(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 Note, if and to the extent provided in the Lead Securitization Servicing Agreement
and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for an Advance and interest thereon and Trust Fund Expenses in accordance with the terms of the Lead Securitization Servicing Agreement
and this Agreement.

 

(d)           The 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”) to the extent that such
amounts remain unpaid after any principal and interest allocable to Note B-1 and Note B-2 have been applied to pay such amounts.

 

(e)            The 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 Note B-1 and Note B-2 have been
applied to pay such amounts.

 

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), the 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

 

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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 Note(s) 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(s)
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(s)) 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-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:

 

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(i)             the Lead Securitization Servicing Agreement may not be amended without the consent of the Non-Lead Securitization Note Holder,
Note B-2 Holder and, if Note B-1 is not an asset of the Lead Securitization, the Note B-1 Holder if such amendment would materially
and adversely affect the Mortgage Loan or the rights of any Non-Lead Securitization Note Holder, Note B-1 Holder, or the Note B-2
Holder with respect thereto (as determined by such Non-Lead Securitization Note Holder, Note B-1 Holder or Note B-2 Holder, as
applicable).

 

(ii)            the additional provisions set forth on Schedule I.

 

(g)           The 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-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

 

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Securitization
Servicing Agreement to each of the parties to the Lead Securitization Servicing Agreement.

 

Section 3.               Priority of Payments. The Note B-2 and the rights of the Note B-2 Holder to receive payments of interest, principal
and other amounts with respect to the Note B-2, shall at all times be junior, subject and subordinate to the Note B-1 and the right
of the Note B-1 Holder to receive payments of interest, principal and other amounts with respect to such Note B-1; the Note B-1
and the rights of the Note B-1 Holder to receive payments of interest, principal and other amounts with respect to the Note B-1
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 Note(s) 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-2) (it being
understood that P&I Advances with respect to the Lead Securitization Note(s) and any Non-Lead Securitization Note (if made
by the Non-Lead Master Servicer or the Non-Lead Special Servicer, as applicable, pursuant to a 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 Note B-1)
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;

 

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(ii)            second, on a Pro Rata and Pari Passu Basis, to each Note Holder of an A Note an amount equal to the Percentage Interest
relating to each of the A Notes of all principal payments (including any Casualty/Condemnation Prepayment) received, if any, with
respect to the related Monthly Payment Date;

 

(iii)           third, to the extent the Note B-1 Holder has made any payments or advances to cure defaults pursuant to Section 32,
to reimburse the Note B-1 Holder for all such cure payments;

 

(iv)           fourth, to pay accrued and unpaid interest on the Note B-1 (other than default interest) to the Note B-1 Holder in
an amount equal to the accrued and unpaid interest on the Note Principal Balance of the Note B-1 at the applicable Net Note Rate;

 

(v)            fifth, to the Note B-1 Holder an amount equal to the Percentage Interest relating to the Note B-1 of all principal
payments (including any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date;

 

(vi)          sixth, to the extent the Note B-2 Holder has made any payments or advances to cure defaults pursuant to Section 32,
to reimburse the Note B-2 Holder for all such cure payments;

 

(vii)         seventh, to pay accrued and unpaid interest on the Note B-2 (other than default interest) to the Note B-2 Holder
in an amount equal to the accrued and unpaid interest on the Note Principal Balance of the Note B-2 at the applicable Net Note
Rate;

 

(viii)        eighth, to the Note B-2 Holder an amount equal to the Percentage Interest relating to the Note B-2 of all principal
payments (including any Casualty/Condemnation Prepayment) received, if any, with respect to the related Monthly Payment Date;

 

(ix)           ninth, to pay (1) any Yield Maintenance Premium then due and payable in respect of the A Notes to the Note A Holders,
on a Pro Rata and Pari Passu Basis, then (2) any Yield Maintenance Premium then due and payable in respect of Note B-1 to
the Note B-1 Holder, and finally (3) any Yield Maintenance Premium then due and payable in respect of Note B-2 to the Note
B-2 Holder;

 

(x)            tenth, 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-1 Holder, Note A-2 Holder, Note B-1 Holder and Note B-2 Holder, pro
rata, based on their respective initial principal balances;

 

(xi)           eleventh, 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
B-1 Holder in an amount calculated on the Note Principal Balance of Note B-1 at the

 

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applicable
default rate prior to the application of funds contemplated in this Section 3(a), and (C) to the Note B-2 Holder in an amount
calculated on the Note Principal Balance of Note B-2 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

 

(xii)          twelfth , 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)-(xi), any remaining amount shall be paid pro rata to each Note A-1
Holder, Note A-2 Holder, Note B-1 and Note B-2 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 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 Note(s) and
interest thereon) and (b) all amounts that are then due and payable to the Non-Lead Master Servicer (or Non-Lead Trustee) in respect
of any P&I Advances and interest thereon in respect of Note A-2) (it being understood that P&I Advances with respect to
the Lead Securitization Note(s) and the Non-Lead Securitization Note (if made by the Non-Lead Master Servicer or the Non-Lead Special
Servicer, as applicable, pursuant to a 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 Note B-1) 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;

 

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(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 Note B-1 (other than default interest) to the Note B-1 Holder in an
amount equal to the accrued and unpaid interest on the Note Principal Balance of the Note B-1 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;

 

(v)            fifth, to the extent the Note B-1 Holder has made any payments or advances to cure defaults pursuant to Section 32,
to reimburse the Note B-1 Holder for all such cure payments;

 

(vi)          sixth, to the Note B-1 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;

 

(vii)         seventh, to the extent the Note B-2 Holder has made any payments or advances to cure defaults pursuant to Section
32, to reimburse the Note B-2 Holder for all such cure payments;

 

(viii)        eighth, to pay accrued and unpaid interest on the Note B-2 (other than default interest) to the Note B-2 Holder in
an amount equal to the accrued and unpaid interest on the Note Principal Balance of the Note B-2 at the applicable Net Note Rate;

 

(ix)           ninth, to the Note B-2 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;

 

(x)            tenth, to pay (1) any Yield Maintenance Premium then due and payable in respect of the A Notes to the Note A Holders,
on a Pro Rata and Pari Passu Basis, then (2) any Yield Maintenance Premium then due and payable in respect of Note B-1 to the Note
B-1 Holder, and finally (3) any Yield Maintenance Premium then due and payable in respect of Note B-2 to the Note B-2 Holder;

 

(xi)           eleventh, 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-1 Holder, Note A-2 Holder, Note B-1 and Note B-2 Holder, pro
rata, based on their respective initial principal balances;

 

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(xii)          twelfth, 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 B-1 Holder
in an amount calculated on the Note Principal Balance of Note B-1 at the applicable default rate prior to the application of funds
contemplated in this Section 3(b), and (C) to the Note B-2 Holder in an amount calculated on the Note Principal Balance
of Note B-2 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

 

(xiii)         thirteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise
applied in accordance with the foregoing clauses (i)-(xii), any remaining amount shall be paid pro rata to each Note A-1
Holder, Note A-2 Holder, Note B-1 Holder and Note B-2 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 relative priority 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-2 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-2 Holder), second, by the Note B-1 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-1 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

 

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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 B-1 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-1 Holder) and then, by the Note B-2 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-2 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, Note B-1 Holder nor any Note B-2 Holder shall have any voting, consent or other rights
whatsoever except as explicitly set forth herein with respect to the Lead Securitization Note Holder’s administration of,
or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization
Servicing Agreement, the Non-Lead Securitization Note Holder, Note B-1 Holder and the Note B-2 Holder agrees 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 the Non-Lead Securitization Note Holder, Note B-1 Holder or any Note B-2 Holder
in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder
from the obligation to make any disbursement of funds as set forth herein or its obligation to follow the Servicing Standard (in
the case of the Master Servicer or the Special Servicer) or any liability for failure to do so).

 

Upon the Mortgage Loan
becoming a Defaulted Loan, the Non-Lead Securitization Note Holder, the Note B-1 Holder and Note B-2 Holder hereby acknowledges
(A) 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 together with the Lead Securitization Note, and (B) the right but not the
obligation of the Lead Securitization Note Holder to sell the Non-Lead Securitization Note, Note B-1 and Note B-2 together with
the Lead Securitization Note as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing
Agreement, in each case subject to: (1) the

 

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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 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 the 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.

 

Any such sale, shall
be executed in the manner set forth in the Lead Securitization Servicing Agreement.

 

The Non-Lead Securitization
Note Holder, Note B-1 Holder and the Note B-2 Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants
to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose
of soliciting and accepting offers for and consummating the sale of the Non-Lead Securitization Note, Note B-1 and Note B-2. The
Non-Lead Securitization Note Holder, each Note B-1 Holder and each of the Note B-2 Holder 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-1 and Note B-2, endorsed in blank, to or at the direction of the Lead Securitization Note
Holder in connection with the consummation of any such sale.

 

The authority of the
Lead Securitization Note Holder to sell the Non-Lead Securitization Note and the obligations of the Non-Lead Securitization Note
Holder, Note B-1 Holder and the Note B-2 Holder to execute and deliver instruments or deliver each of the Non-Lead Securitization
Note, Note B-1 and Note B-2 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

 

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such
that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage” within the meaning of Section 860G(a)(3)
of the Code, (ii) any real property (and related personal property) acquired by or on behalf of the Note Holders pursuant
to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure of the Mortgage or lien on such property
following a default on the Mortgage Loan shall be administered so that the interest of 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-2 up to its outstanding principal
balance, second, to the Note B-1 Holder 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-2 Holder or Note B-1 Holder (at any time that Note B-1 is not included in
a Securitization) 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 B-1 Holder.

 

(e)            Each
of the Note B-1 Holder (at any time that Note B-1 is not included in a Securitization)
and Note B-2 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 Holders (and the Note B-1 Holder, if the Note B-2 Holder is
the Note Holder making such delivery to the Servicer) in such collateral (a) cash collateral for the benefit of the A Notes
(and the Note B-1 Holder, if the Note B-2 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 Holders (and the Note B-1 Holder, if the Note
B-2 Holder is the Note Holder delivering 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-1 Holder or Note B-2 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-1 Holder or Note B-2 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

 

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applicable
Note B Holder shall) draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. If a
letter of credit is furnished as Threshold Event Collateral, the Note B-1 Holder or Note B-2 Holder, as applicable 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 the Note B-1 Holder or Note B-2
Holder, any or such portion of Threshold Event Collateral held by the Servicer shall promptly be returned to the Note
B-1 Holder or Note B-2 Holder, as applicable (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
A 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

 

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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

 

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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-2 is junior to the Note B-1 and the Note B-1 is 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 willful misconduct or to have recklessly disregarded any exercise of its rights by reason of its

 

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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)            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 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

 

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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 serve as the initial
Special Servicer but this shall not limit the right of the Controlling Note

 

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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, the Note B-1 Holder and the Note B-2 Holder 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 Note(s), the remittance date under the Lead Securitization Servicing Agreement for the Lead Securitization
Note(s), and (B) with respect to each Non-Lead Securitization Note, Note B-1 (if Note B-1 is not included in the Lead Securitization)
and Note B-2, 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 Note, Note B-1 and Note B-2 (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

 

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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

 

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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

 

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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-1 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

 

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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

 

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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

 

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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

 

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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.

 

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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)          The Non-Lead Securitization Note Holder, the Note B-1 Holder (if Note B-1 is not included in the Lead Securitization) and
the Note B-2 Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder against and hold the Lead Securitization
Note

 

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Holder harmless from and against any Taxes, interest, penalties and 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, such Note B-1 Holder or such Note B-2 Holder in reliance upon any representation,
certificate, statement, document or instrument made or provided by such Non-Lead Securitization Note Holder, Note B-1 Holder or
such Note B-2 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, Note B-1 Holder or Note B-2 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, Note B-1 Holder and such
Note B-2 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)          The Non-Lead Securitization Note Holder, the Note B-1 Holder and the Note B-2 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, the Non-Lead Securitization Note Holder, Note B-1 Holder and each Note
B-2 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, Note B-1 Holder or a Note
B-2 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.

 

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

 

Section 26.          Cooperation in Securitization.

 

(a)          Each Note Holder acknowledges that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization and subject to the terms of the preceding sentence, at the request of the Lead Securitization
Note Holder, 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

 

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connection with each Note Holders’ preparation of disclosure materials in connection with a Securitization.

 

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;

 

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

 

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

 

Section 30.           Termination and Resignation of Agent.

 

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

 

(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

 

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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 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-1 Holder and Note B-2 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-1 Holder (at any time that Note B-1 is not included in a Securitization), Note
B-2 Holder and the Controlling Note Holder Representative of such default (the “Monetary Default Notice”).
The Note B-1 Holder (at any time that Note B-1 is not included in a Securitization) and/or the
Note B-2 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-1 Holder and the Note B-2 Holder elect to cure such
Monetary Default, the Note B-2 Holder will be the “Curing Note Holder”. 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-2 Holder, the Lead Securitization Note Holder,
Non-Lead Securitization Note Holder and the Note B-1 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-1 Holder and the Note B-2 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-

 

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Monetary Default Cure Period that
may extend longer than one month in accordance with 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-2
Holder, the Lead Securitization Note Holder and the Note B-1 Holder.

 

(c)          No action taken by the Note B-1 Holder or Note B-2 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-1 Holder’s or Note B-2 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 a 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-2 Holder, the Lead Securitization Note, the Non-Lead Securitization Note
and the Note B-1) 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-1 Holder (at
any time that Note B-1 is not included in a Securitization), Note B-2 Holder and the Controlling Note Holder Representative
of such failure (the “Non-Monetary Default Notice”) and the Note B-1 Holder (at
any time that Note B-1 is not included in a Securitization) and/or the Note B-2 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. If
both the Note B-2 Holder and the Note B-1 Holder elect to cure such default, the Note B-2 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.

 

     50

     

    

 

Section 33.          Purchase
Rights of Note B-1 Holder and Note B-2 Holder. The Note B-1 Holder (at
any time that Note B-1 is not included in a Securitization) shall have the right, by written notice to the Lead
Securitization Note Holder and the Non-Lead Securitization Note Holder, and the Note B-2 Holder shall have the right by
written notice to the Lead Securitization Note Holder, Non-Lead Securitization Note Holder and Note B-1 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 (x) in the case of a purchase made by the Note B-2 Holder, the Lead
Securitization Notes, the Non-Lead Securitization Note and Note B-1 and (y) in the case of a purchase made by the Note B-1
Holder, each of the Lead Securitization Note 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-1 Holder, as
applicable, the Lead Securitization Note Holder, the Non-Lead Securitization Note Holder and/or the Note B-1 Holder, as
applicable, shall sell (and the Note B-2 Holder and/or the Note B-1 Holder shall sell, and the Note B-1 Holder or the Note
B-2 Holder as applicable, shall purchase) the Lead Securitization Note and the Non-Lead Securitization Note and, if
applicable, the Note B-1 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-1 Holder or the
Note B-2 Holder, as applicable, to purchase the Lead Securitization Note and the Non-Lead Securitization Note and, if
applicable, Note B-1 or (ii) not more than thirty (30) days after the written exercise by the Note B-1 Holder or the Note B-2
Holder, as applicable, to purchase the Lead Securitization Note and the Non-Lead Securitization Note if such purchasing Note
Holder deposits 10% of the Defaulted Mortgage Loan Purchase Price with the Lead Securitization Holder within ten (10)
Business Days after the written exercise of the Note B-1 Holder or the Note B-2 Holder, as applicable, to purchase the Lead
Securitization Note and the Non-Lead Securitization Note and, if applicable, Note B-1. Any Note Holder Purchase Notice
shall contain a statement that the Note B-1 Holder’s or Note B-2 Holder’s failure to purchase the Lead
Securitization Note 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-1 Holder and the Note B-2 Holder agrees that the sale of the Lead
Securitization 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 and the Non-Lead Securitization
Note Holder and, if applicable the Note B-1 Holder in immediately available funds of its respective portion of the Defaulted
Mortgage Loan Purchase Price, the Lead Securitization Note Holder and the Non-Lead Securitization Note Holder and, if
applicable, the Note B-1 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 Note and the Non-Lead
Securitization Note, and, if applicable, Note B-1 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,

 

     51

     

    

 

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-1 Holder and the Note B-2 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-1 Holder, or the Note B-2 Holder,
applicable, fifteen (15) days’ notice 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-1 Holder and the Note B-2 Holder of such transfer, and each of the Note B-1 Holder or Note B-2 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-1 Holder or the Note B-2 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-1 Holder and the Note B-2 Holder deliver a Note Holder Purchase Notice, the Note B-2 Holder shall have the right to exercise
the purchase option set forth in this Section 33.

 

[SIGNATURE
PAGE FOLLOWS]

 

     52

     

    

 

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-1 Holder
	 	 	 
	 	By:	/s/ Jerry Tang
	 	 	Name: Jerry Tang
	 	 	Title: Executive Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name: Delphine Clerjaud
	 	 	Title: Vice President
	 	 	 
	 	NATIXIS REAL ESTATE CAPITAL LLC,
	 	 	as Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Jerry Tang
	 	 	Name: Jerry Tang
	 	 	Title: Executive Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name: Delphine Clerjaud
	 	 	Title: Vice President
	 	 	 
	 	NATIXIS REAL ESTATE CAPITAL LLC,
	 	 	as Initial Note B-1 Holder
	 	 	 
	 	By:	/s/ Jerry Tang
	 	 	Name: Jerry Tang
	 	 	Title: Executive Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name: Delphine Clerjaud
	 	 	Title: Vice President

 

UBS
2017-C6: 111 WEST JACKSON CO-LENDER AGREEMENT 

 

     

    

    

 

	 	NATIXIS REAL ESTATE CAPITAL LLC,
	 	 	as Initial Note B-2 Holder
	 	 	 
	 	By:	/s/ Jerry Tang
	 	 	Name: Jerry Tang
	 	 	Title: Executive Director
	 	 	 
	 	By:	/s/ Delphine Clerjaud
	 	 	Name: Delphine Clerjaud
	 	 	Title: Vice President

 

 UBS
2017-C6: 111 WEST JACKSON CO-LENDER AGREEMENT

 

     

    

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower:	111 West Jackson Holdings LLC
	Date of Mortgage Loan:	November 15, 2017
	Date of Notes:	November 15, 2017
	Original Principal Amount of Mortgage Loan:	105,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	105,000,000
	Initial Note Principal Balance of Note A-1:	11,000,000
	Initial Note Principal Balance of Note A-2:	30,000,000
	Initial Note Principal Balance of Note B-1:	34,000,000
	Initial Note Principal Balance of Note B-2:	30,000,000
	Location of Mortgaged Property:	Chicago, Illinois
	Initial Maturity Date:	December 5, 2027
	Note Rate of Note A-1	4.8600% per annum
	Note Rate of Note A-2	4.8600% per annum
	Note Rate of Note B-1	4.8600% per annum

 

     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@natixis.com

 

    B-1

     

    

 

2.  Initial Note
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

 

for legal notices, with a copy to:

legal.notices@natixis.com

 

3.       Initial Note
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

 

    B-2

     

    

 

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@natixis.com

 

4.       Initial Note
B-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-3

     

    

 

for legal notices, with a copy to:

legal.notices@natixis.com

 

4.       Initial Note
B-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@natixis.com

 

    B-4

     

    

 

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-1 

    

    

 

SCHEDULE I

 

The Lead Securitization
Servicing Agreement shall provide that:

 

(i)            the Master Servicer and Trustee for such Securitization shall be required to notify the servicer, special servicer and
trustee of each other Securitization of the amount of any P&I Advance (as defined in the Servicing Agreement) it has made
with respect to the Note included in such Securitization within two (2) Business Days of making such advance;

 

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

 

(iii)          the Master Servicer shall remit all payments received (or advanced) with respect to the Non-Lead Securitization 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 Securitization Note Holder on the applicable Master Servicer Remittance Date;

 

(iv)          the Master Servicer agrees to make available to the master servicer under the Non-Lead Securitization Servicing Agreement
the CREFC® Investor Reporting Package® (as defined in the Servicing Agreement) pursuant to the terms of the Servicing
Agreement on a monthly basis on the applicable Master Servicer Remittance Date;

 

(v)           the Master Servicer, any primary servicer, the Special Servicer and the Trustee, certificate administrator or other party
acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer
and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to the Non-Lead Securitization Servicing Agreement, at its own expense, in a timely manner,
the reports, certifications, compliance statements, accountants’ assessments and attestations, information to be included
in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of the
other Servicing Agreements as the parties to the Non-Lead Securitization may require in order to comply with their obligations
under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation
AB, and any other applicable law. Without limiting the generality of the foregoing, the Lead Securitization 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
Servicing Agreement and each Servicer (at the expense of the Lead Securitization 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 Servicers, upon prior written request,

 

     Sch. 1-1

    

    

 

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 Non-Lead Securitization Servicing Agreement;

 

(vi)          the servicing duties of each of the Master Servicer and Special Servicer under the Servicing Agreement shall include the
duty to service the Note B on behalf of the Note B-1 Holder and the Note B-2 Holder and to service the Non-Lead Securitization
Note on behalf of the related Trustee and related Certificateholders in accordance with the terms and provisions of this Agreement;

 

(vii)         with respect to the Non-Lead Securitization Note , the Master Servicer shall withdraw from the related Collection Account
and remit to the Holder of the Non-Lead Securitization Note, within one (1) Business Day of receipt of properly identified funds,
any amounts that represent late collections or principal prepayments on such Non-Lead Securitization 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
Securitization 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 such late
collections or principal prepayments to the Non-Lead Master Servicer within one Business Day of receipt of properly identified
funds but, in any event, the Master Servicer shall remit such amounts within two Business Days of receipt of properly identified
funds;

 

(viii)        each of the Non-Lead Securitization Note Holder, the Note B-1 Holder and the Note B-2 Holder is an intended third-party
beneficiary in respect of the rights afforded it under the Servicing Agreement and each master servicer under a Non-Lead Securitization
Servicing Agreement will be entitled to enforce the rights of the related Trustee with respect to such Non-Lead Securitization
Note under this Agreement and the Servicing Agreement; and

 

(ix)          each Master Servicer and Special Servicer under any Non-Lead Securitization 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)           it shall not be amended in a manner that materially and adversely affects the rights of the Non-Lead Securitization Note
Holder without their consent; and

 

     Sch. 1-2

    

    

 

(xi)          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 the Non-Lead Securitization Servicing Agreement and one or
more parties to the related Non-Lead Securitization 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 the Non-Lead Securitization
Servicing Agreement and one or more parties to the related Non-Lead Securitization Servicing Agreement all disclosure about itself
that is required to be included in Form 8-K no later than the date of effectiveness thereof;

 

(xii)         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 Securitization Note
Holder as required, failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead
Securitization Note Holder or the depositor under the Non-Lead Securitization Servicing Agreement to timely comply with its obligations
under the Exchange Act, the Securities Act 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 the Non-Lead Securitization Servicing Agreement to fail to comply with the applicable provisions of such
securities laws);

 

(xiii)        provide that if the Non-Lead Securitization Note becomes the subject of an “asset review” under the Non-Lead
Securitization 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 the Non-Lead Securitization 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 or such other applicable party to the Non-Lead Securitization Servicing Agreement has not obtained such documents from
the Non-Lead Securitization Note Holder and such documents are in the possession of the applicable party to the Servicing Agreement;
and

 

(xiv)        have provisions materially consistent with those set forth in the Model PSA with respect to:

 

(A)         servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status;

 

(B)          the authority of the servicers in the UBS 2017-C6 Securitization to grant or agree or consent to material modifications,
waivers and amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness
in connection with the Mortgage Loan;

 

(C)          requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status
and periodic updates thereof; and

 

     Sch. 1-3

    

    

 

(D)         duties of the special servicer in respect of foreclosure and the management of REO property;

 

provided, however, that (1)
this clause (xiv) shall not be construed to prohibit differences in timing, control or consultation triggers or thresholds, terminology,
allocation of ministerial duties between multiple servicers or other service providers or certificate holder or investor voting
or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice or rating agency confirmation
requirements; and (2) in the event of any conflict between this sentence and any other provision of this Agreement, such other
provision of the Agreement shall control.

 

     Sch. 1-4Exhibit 4.20

 

EXECUTION
VERSION

	 

 

Garden Multifamily Portfolio

 

AMENDED
AND RESTATED

CO-LENDER AGREEMENT

 

Dated
as of November 30, 2017

 

between

 

BENEFIT
STREET PARTNERS CRE FINANCE LLC

(Note A-1 Holder)

 

and

 

WILMINGTON
TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, FOR THE BENEFIT OF THE REGISTERED HOLDERS OF THE CSAIL COMMERCIAL MORTGAGE SECURITIES
TRUST 2017-C8, COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2017-C8

(Note A-2 Holder)

 

and

 

BENEFIT
STREET PARTNERS CRE FINANCE LLC

(Note A-3 Holder)

 

and

 

BENEFIT
STREET PARTNERS CRE FINANCE LLC

(Note A-4 Holder)

 

and

 

BENEFIT
STREET PARTNERS CRE FINANCE LLC

(Note A-5 Holder)

 

and

 

BENEFIT
STREET PARTNERS CRE FINANCE LLC

(Note A-6 Holder)

	 

 

    	 

     

    

 

TABLE
OF CONTENTS

 

Page

 

	1.	Definitions; Conflicts	2
	2.	Servicing of the Mortgage Loan	16
	3.	Priority of Notes	18
	4.	Workout	19
	5.	Accounts; Payment Procedure	19
	6.	Limitation on Liability	20
	7.	Representations of the Holders	20
	8.	Independent Analyses of each Holder	21
	9.	No Creation of a Partnership or Exclusive Purchase Right	21
	10.	Not a Security	22
	11.	Other Business Activities of the Holders	22
	12.	Transfer of Notes	22
	13.	Exercise of Remedies by the Servicer	24
	14.	Rights of the Directing Holder	26
	15.	Appointment of Special Servicer	27
	16.	Rights of the Non-Directing Holders	28
	17.	Advances; Reimbursement of Advances	29
	18.	Provisions Relating to Securitization	30
	19.	Governing Law; Waiver of Jury Trial	37
	20.	Modifications	37
	21.	Successors and Assigns; Third Party Beneficiaries	38
	22.	Counterparts	38
	23.	Captions	38
	24.	Notices	38
	25.	Custody of Mortgage Loan Documents	38

 

    	-i- 

     

    

 

THIS
AMENDED AND RESTATED CO-LENDER AGREEMENT (the “Agreement”), dated as of November 30, 2017, is between BENEFIT
STREET PARTNERS CRE FINANCE LLC, a Delaware limited liability company (“BSP”), having an address at 9 West
57th Street, Suite 4920, New York, New York 10019, as the holder of Note A-1, Wilmington Trust, National Association, a national
banking association (“WTNA”), having an address at 1100 North Market Street, Wilmington, Delaware 19890, as
trustee for the benefit of the registered holders of the CSAIL Commercial Mortgage Securities Trust 2017-C8, Commercial Mortgage
Pass-Through Certificates, Series 2017-C8, as the holder of Note A-2, BSP, as the holder of Note A-3, BSP, as the holder
of Note A-4, BSP, as the holder of Note A-5 and BSP, as the holder of Note A-6.

 

W I T N E S S E T H:

 

WHEREAS,
BSP has made a mortgage loan in the original principal amount of $57,500,000 (the “Mortgage Loan”) to Ashgrove
Apartments of Jefferson County, Ltd., Hayfield Park Apartments of Boone County, Ltd., Beckford Place Apartments of the Plains,
Ltd., Camellia Court Apartments of Columbus, Ltd., Camellia Court Apartments of Columbus, II, Ltd., Forsythia Court Apartments
of Columbus, Ltd., Meadowood Apartments of Warrick County, Ltd., Ridgewood Apartments of Bedford, Ltd., Laurelwood Court Apartments
of Bedford, Ltd., Slate Run Apartments of Bedford, Ltd., Foxhaven Apartments of Stark County, L.L.C., River Glen Apartments of
Reynoldsburg II LLC, Empirian Carleton Court LLC, CRSI SPV 96, LLC, CRSI SPV 59, LLC, Tabor Ridge Apartments LLC, Elmwoods Apartments
of Marietta, Ltd. and Wood Trail Apartments of Newnan, Ltd. (collectively, the “Borrower”) pursuant to a loan
agreement between the Borrower, as borrower, and BSP, as lender, dated as of May 12, 2017 (the “Loan Agreement”);

 

WHEREAS,
the Mortgage Loan is secured by a first mortgage lien (the “Mortgage”) on the Borrower’s fee interest
in the properties listed in Exhibit C to the Loan Agreement (the “Mortgaged Properties”);

 

WHEREAS,
as of June 29, 2017, the Mortgage Loan was evidenced by five promissory notes, Promissory Note A-1 in the original principal amount
of $20,000,000, Promissory Note A-2 in the original principal amount of $18,000,000, Promissory Note A-3 in the original principal
amount of $6,000,000, Promissory Note A-4, in the original principal amount of $6,750,000 and Promissory Note A-5, in the original
principal amount of $6,750,000 (“Original Note A-1,” “Note A-2,” “Note A-3,”
“Note A-4” and “Note A-5” respectively and individually, each, a “Note”);

 

WHEREAS,
BSP, in its capacity as holder of the Original Notes entered in to a Co-Lender Agreement (the “Original Agreement”)
dated as of June 29, 2017, to memorialize the terms under which the holders of the Notes would hold such notes;

 

WHEREAS,
on or about June 29, 2017, BSP, as holder of the Note A-2, sold, transferred and assigned all of its right, title and interest
in and to Note A-2 to Credit Suisse Commercial Mortgage Securities Corp. (“CSCMSC”), as depositor, pursuant
to a Mortgage Loan Purchase Agreement dated as of June 21, 2017, by and between CSCMSC, as purchaser, and

 

    	-1- 

     

    

 

BSP,
as seller, and CSCMSC, as purchaser, transferred its right, title and interest in and to Note A-2 to WTNA, as trustee for the
CSAIL Commercial Mortgage Securities Trust 2017-C8 under a pooling and servicing agreement, dated as of June 1, 2017 (the “CSAIL
2017-C8 PSA”), among CSCMSC, as depositor, Wells Fargo Bank, National Association, as master servicer, Midland Loan
Services, a Division of PNC Bank, National Association, as special servicer, Park Bridge Lender Services LLC, as operating advisor
and as asset representations reviewer, Wells Fargo Bank, National Association, as certificate administrator and as custodian,
and WTNA, as trustee;

 

WHEREAS,
pursuant to a Note Reallocation and Modification Agreement, dated as of November 10, 2017, BSP reallocated the amount evidenced
by Original Note A-1 amongst two replacement promissory notes; Promissory Note A-1 (“Note A-1”), in the original
principal amount of $16,000,000.00 and Promissory Note A-6 (“Note A-6”) in the original principal amount of
$4,000,000.00;

 

WHEREAS,
the Mortgage Loan is presently evidenced by the following six notes: Note A-1 in the revised principal amount of $16,000,000.00,
Note A-2 in the original principal amount of $18,000,000.00, Note A-3 in the original principal amount of $6,000,000.00,
Note A-4 in the original principal amount of $6,750,000.00, Promissory Note A-5 in the original principal amount of $6,750,000.00
and Promissory Note A-6 in the revised principal amount of $4,000,000.00 (each, a “Note” and collectively,
the “Notes”);

 

WHEREAS,
BSP intends, but is not bound, to sell, transfer and assign all or a portion of its right, title and interest in and to Note A-1,
Note A-4 and Note A-5 to CSCMSC, as depositor, pursuant to a Mortgage Loan Purchase Agreement to be dated as of November 1, 2017,
by and between CSCMSC, as purchaser, and BSP, as seller, and CSCMSC intends to transfer its right, title and interest in and to
Note A-1, Note A-4 and Note A-5 to Wells Fargo Bank, National Association, as trustee for the CSAIL Commercial Mortgage Securities
Trust 2017-CX10 under a pooling and servicing agreement, to be dated as of November 1, 2017 (the “Note A-1 PSA,”
the “Note A-4 PSA,” and the “Note A-5 PSA,”), among CSCMSC, as depositor, KeyBank National
Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wells Fargo Bank, National Association,
as trustee and certificate administrator and Park Bridge Lender Services LLC, as operating advisor and as asset representations
reviewer;

 

WHEREAS,
the Note A-3 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-3 to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization
of one or more mortgage loans;

 

WHEREAS,
the Note A-6 Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest
in and to Note A-6 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 (i) to memorialize the terms under which they, and their successors and
assigns, shall hold Note A-1,

 

    	-2- 

     

    

 

Note
A-2, Note A-3, Note A-4, Note A-5 and Note A-6, respectively and (ii) amend, restate and supersede the terms of the Original Agreement;

 

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 Properties
pursuant to the Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA or the CSAIL 2017-C8 PSA.

 

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

 

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

 

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

 

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

 

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

 

“BSP”
shall mean Benefit Street Partners CRE Finance LLC and its successors in interest.

 

    	-3- 

     

    

 

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

 

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

 

“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-3 Securitization, the Note A-4 Securitization,
the Note A-5 Securitization, the Note A-6 Securitization or the CSAIL 2017-C8 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.

 

“CREFC®
Investor Reporting Package®” shall have the meaning assigned to such term or an analogous term in the Servicing
Agreement.

 

“CSAIL
2017-C8 Master Servicer” shall mean the master servicer under the CSAIL 2017-C8 PSA.

 

“CSAIL
2017-C8 PSA” shall mean the “pooling and servicing agreement” entered into in connection with the CSAIL
2017-C8 Securitization.

 

“CSAIL
2017-C8 Securitization” shall have the meaning assigned such term in the recitals.

 

“CSAIL
2017-C8 Securitization Date” shall mean the closing date of the CSAIL 2017-C8 Securitization.

 

“CSAIL
2017-C8 Special Servicer” shall mean the special servicer under the CSAIL 2017-C8 PSA.

 

“CSAIL
2017-C8 Trustee” shall mean the trustee under the CSAIL 2017-C8 PSA.

 

    	-4- 

     

    

 

“CSAIL
2017-C8 Trust Fund” shall mean the trust formed pursuant to the CSAIL 2017-C8 PSA.

 

“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 CSAIL 2017-C8 Securitization and the CSAIL 2017-CX10 Securitization, CSCMSC; (ii) with
respect to the Note A-3 Securitization, the depositor under the Note A-3 PSA; and (iii) with respect to the Note A-6 Securitization,
the depositor under the Note A-6 PSA.

 

“Directing
Holder” shall mean (i) during the period prior to the Note A-1 Securitization Date, the Note A-2 Holder
or such other party that the Note A-2 Holder grants the right to exercise the rights granted to the Directing Holder in this
Agreement and (ii) after the Note A-1 Securitization Date, the holders of Certificates representing the specified interest
in the class of Certificates designated as the “controlling class” under the Note A-1 Securitization or the duly appointed
representative of the holders of such Certificates; provided, that no Borrower, property manager or affiliate thereof shall
be entitled to act as Directing Holder.

 

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

 

“Excluded
Amounts” shall mean:

 

(i)        proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Properties 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.

 

    	-5- 

     

    

 

“Holder”
shall mean the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder and/or
the Note A-6 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 Note A-1, Note A-3, Note A-4, Note A-5 or Note A-6 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 (i) during the period from and after the CSAIL 2017-C8 Securitization Date and prior to the Note A-1
Securitization Date, Note A-2; and (ii) on and after the Note A-1 Securitization Date, Note A-1.

 

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

 

“Lead
Securitization” shall mean (a) during the period from and after the Note A-2 Securitization Date and prior to the
Note A-1 Securitization Date, the CSAIL 2017-C8 Securitization and (b) from and after the Note A-1 Securitization Date, the
Note A-1 Securitization.

 

“Lead
Securitization PSA” shall mean (a) during the period from and after the CSAIL 2017-C8 Securitization Date and prior
to the Note A-1 Securitization Date, the CSAIL 2017-C8 PSA and (b) from and after the Note A-1 Securitization Date, the Note
A-1 PSA.

 

“Lead
Securitization Trust” shall mean (a) during the period from and after the CSAIL 2017-C8 Securitization Date and
prior to the Note A-1 Securitization Date, the trust established under the CSAIL 2017-C8 PSA in connection with the CSAIL 2017-C8
Securitization and (b) from and after the Note A-1 Securitization Date, the trust established under the Note A-1 Securitization.

 

“Lead
Servicer” shall mean (a) during the period from and after the CSAIL 2017-C8 Securitization Date and prior to the
Note A-1 Securitization Date, the servicer and/or special servicer designated under the CSAIL 2017-C8 PSA and, (b) from and
after the Note A-1 Securitization Date, the servicer and/or special servicer designated under the Note A-1 PSA.

 

“Lead
Trustee” shall mean (a) during the period from and after the CSAIL 2017-C8 Securitization Date and prior to the
Note A-1 Securitization Date, the CSAIL 2017-C8 Trustee and, (b) from and after the Note A-1 Securitization Date, the trustee
designated under the Note A-1 Securitization.

 

“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.

 

    	-6- 

     

    

 

“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:

 

(a)       during
the period after the CSAIL 2017-C8 Securitization Date but prior to the Note A-1 Securitization Date:

 

(i)         with
respect to Note A-1 (if it is not included in a securitization), one Business Day after the Determination Date (as defined in
the Note A-2 PSA);

 

(ii)       with
respect to Note A-2, the “Master Servicer Remittance Date” (or analogous term) as defined in the CSAIL 2017-C8
PSA; and

 

(iii)       with
respect to Note A-3, Note A-4, Note A-5 and Note A-6 (if it is not included in a securitization), one Business Day after the Determination
Date (as defined in the CSAIL 2017-C8 PSA);

 

(iv)       with
respect to the Notes included in the Note A-3, Note A-4, Note A-5 or Note A-6 Securitization, two Business Days prior to the “Master
Servicer Remittance Date” (or analogous term) as defined in the Note A-3 PSA, Note A-4 PSA, Note A-5 PSA or Note A-6 PSA,
as applicable (as long as such date is at least two Business Days after receipt of the Monthly Payment), or such later date as
specified in the Note A-3 PSA, Note A-4 PSA, Note A-5 PSA or Note A-6 PSA, as applicable;

 

(b)       after
the Note A-1 Securitization Date:

 

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

 

(ii)        with
respect to Note A-2, two Business Days prior to the Master Servicer Remittance Date (or analogous term) as defined in the CSAIL
2017-C8 PSA;

 

(iii)       with
respect to Note A-3, Note A-4, Note A-5 and Note A-6, (1) if such Note is not included in a Securitization, one Business Day after
the Determination Date (as defined in the Note A-1 PSA) and (2) if such Note is included in a Securitization, two Business Days
prior to the “Master Servicer Remittance Date” (or analogous term) as defined in the Note A-3 PSA, Note A-4 PSA, Note
A-5 PSA or Note A-6 PSA, as applicable, provided, however, that no remittance is required to be made until two Business
Days after receipt of the scheduled Monthly Payment with respect to the Mortgage Loan.

 

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

 

    	-7- 

     

    

 

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

 

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

 

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

 

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

 

“Mortgage
Interest Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6.

 

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

 

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

 

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

 

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

 

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

 

“Non-Directing
Holders” shall mean the holders of any Note other than Note A-1, and if any of such Notes have been included in a Securitization,
the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling
class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under
the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA and the CSAIL 2017-C8 PSA to exercise the rights granted
to the Non-Directing Holders in this Agreement. If Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 is no longer in a Securitization,
the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.

 

“Non-Lead
Master Servicer” shall mean, (i) with respect to Note A-2, from and after the Note A-1 Securitization Date, the master
servicer designated under the CSAIL 2017-C8 PSA, (ii) with respect to Note A-3, the master servicer designated under the Note
A-3 PSA, (iii) with respect to Note A-4, the master servicer designated under the Note A-4 PSA, (iv) with respect to Note A-5,
the master servicer designated under the Note A-5 PSA and (v) with respect to Note A-6, the master servicer designated under the
Note A-6 PSA.

 

    	-8- 

     

    

 

“Non-Lead
Note” shall mean (i) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization
Date, Note A-1, Note A-3, Note A-4, Note A-5 and Note A-6, and (ii) on and after the Note A-1 Securitization Date, Note A-2, Note
A-3, Note A-4, Note A-5 and Note A-6.

 

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

 

“Non-Lead
Servicing Agreements” shall mean (i) from and after the Note A-1 Securitization Date, the CSAIL 2017-C8 PSA, (ii) the
Note A-3 PSA, (iii) the Note A-4 PSA, (iv) the Note A-5 PSA and (v) the Note A-6 PSA.

 

“Non-Lead
Special Servicer” shall mean, from and after the Note A-1 Securitization Date, the special servicer designated under
the CSAIL 2017-C8 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-6 PSA.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Note
A-1 Trust Fund” shall mean the trust formed pursuant to the Note A-1 PSA.

 

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

 

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

 

    	-9- 

     

    

 

“Note A-2
Holder” shall mean Wilmington Trust, National Association, as trustee for the CSAIL Commercial Mortgage Securities Trust
2017-C8 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 Securitization Date” shall mean the closing date of the CSAIL 2017-C8 Securitization.

 

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

 

“Note A-3
Holder” shall mean BSP or any subsequent holder of Note A-3.

 

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

 

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

 

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

 

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

 

“Note A-3
Trust Fund” shall mean the trust formed pursuant to the Note A-3 PSA.

 

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

 

“Note A-4
Holder” shall mean BSP or any subsequent holder of Note A-4.

 

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

 

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

 

    	-10- 

     

    

 

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

 

“Note A-4
Securitization Date” shall mean the closing date of the Note A-4 Securitization.

 

“Note A-4
Trust Fund” shall mean the trust formed pursuant to the Note A-4 PSA.

 

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

 

“Note A-5
Holder” shall mean BSP or any subsequent holder of Note A-5.

 

“Note A-5
Principal Balance” shall mean at any time of determination, the initial Note A-5 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-5 Holder and any reductions in
such amount pursuant to Section 4.

 

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

 

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

 

“Note A-5
Securitization Date” shall mean the closing date of the Note A-5 Securitization.

 

“Note A-5
Trust Fund” shall mean the trust formed pursuant to the Note A-5 PSA.

 

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

 

“Note A-6
Holder” shall mean BSP or any subsequent holder of Note A-6.

 

“Note A-6
Principal Balance” shall mean at any time of determination, the initial Note A-6 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-6 Holder and any reductions in
such amount pursuant to Section 4.

 

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

 

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

 

    	-11- 

     

    

 

“Note A-6
Securitization Date” shall mean the closing date of the Note A-6 Securitization.

 

“Note A-6
Trust Fund” shall mean the trust formed pursuant to the Note A-6 PSA.

 

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

 

“P&I
Advance” shall mean an advance made by a party to the Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5
PSA, the Note A-6 PSA or the CSAIL 2017-C8 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 related
Mortgaged Properties.

 

“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 Mortgage Interest Rate of such Note based on the outstanding principal balance
of such Note and (ii) for all other purposes, the allocation of any particular payment, collection, cost, expense, liability or
other amount between such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder
over another Note or Holder, as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated
its respective pro rata share based on the principal balance of its Note in relation to the principal balance of the entire Mortgage
Loan of such particular payment, collection, cost, expense, liability or other amount.

 

“Qualified
Servicer” shall mean (i) Wells Fargo Bank, National Association, (ii) Midland Loan Services, a Division of
PNC Bank, National Association, (iii) KeyBank National Association, or in the case of a Special Servicer, Rialto Capital
Advisors, LLC or

 

    	-12- 

     

    

 

(iv) any
nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,” in the case of a special servicer,
or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the S&P Select Servicer List as a
U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable, (3) as to which neither
Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor in any qualification, downgrade
or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced by such servicer prior to the
time of determination, (4) a servicer that (i) during the 12-month period prior to the date of determination, acted as master
servicer or special servicer, as applicable, in a commercial mortgage loan securitization rated by Morningstar and (ii) Morningstar
has not qualified, downgraded or withdrawn the then-current rating or ratings of one or more classes of such certificates citing
servicing concerns with the servicer or special servicer, as applicable, as the sole or material factor in such rating action
and (5) 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 or placement on watch status. For purposes
of this definition, for so long as any Note is included in a Securitization, the ratings or actions of any Rating Agency that
is not rating any such Securitization(s) shall not be considered.

 

“Qualified
Transferee” shall mean an Affiliate of Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, Note A-5
Holder, Note A-6 Holder or one or more of the following (other than the Borrower or any entity which is an Affiliate of the Borrower):

 

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

 

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

 

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

 

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

 

(v)       a
Qualified Trustee (or, in the case of a 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

 

    	-13- 

     

    

 

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

 

“Rating
Agency Confirmation” shall mean each of the applicable Rating Agencies for each Securitization shall have confirmed
in writing that the occurrence of the event with respect to which such Rating Agency Confirmation is sought shall not result in
a downgrade,

 

    	-14- 

     

    

 

qualification
or withdrawal of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding.
In the event that no Certificates are outstanding or none of the Notes are included in a Securitization, any action that would
otherwise require a Rating Agency Confirmation shall require the consent of the Note A-1 Holder, which consent shall not
be unreasonably withheld, conditioned or delayed.

 

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

 

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

 

“REO
Property” shall mean the Mortgaged Properties, 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 Note A-1 Securitization, the Note A-3 Securitization, the Note A-4 Securitization, the Note A-5 Securitization,
the Note A-6 Securitization and/or the CSAIL 2017-C8 Securitization, as applicable.

 

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

 

“Servicing
Agreement” shall mean (a) during the period from and after the CSAIL 2017-C8 Securitization Date and prior to the
Note A-1 Securitization Date, the CSAIL 2017-C8 PSA and, (b) after the Note A-1 Securitization Date, the Note A-1 PSA; provided
that in the event the Lead Note is no longer an asset of the trust fund created pursuant to the

 

    	-15- 

     

    

 

Servicing
Agreement, the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered into pursuant
to Section 2.

 

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

 

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

 

“Servicing
File” shall have the meaning assigned to such term or an analogous term in 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 and hereunder.

 

“Special
Servicing Fee” shall have the meaning given to such term or an analogous 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 Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA or the CSAIL
2017-C8 PSA, as the context requires.

 

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

 

(i)        from
and after the CSAIL 2017-C8 Securitization Date, but prior to the Note A-1 Securitization Date, by the Note CSAIL 2017-C8 Master
Servicer and the

 

    	-16- 

     

    

 

CSAIL
2017-C8 Special Servicer pursuant to the terms of this Agreement and the CSAIL 2017-C8 PSA; and

 

(ii)        from
and after the Note A-1 Securitization Date, by the Note A-1 Master Servicer and the Note A-1 Special Servicer pursuant to the
terms of this Agreement and the Note A-1 PSA.

 

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

 

(b)       The
Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA and the CSAIL 2017-C8 PSA shall contain terms
and conditions that are customary for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise
(i) required by the Code relating to the tax elections of the Note A-1 Trust Fund, the Note A-3 Trust Fund, the Note A-4
Trust Fund, the Note A-5 Trust Fund, the Note A-6 Trust Fund and the CSAIL 2017-C8 Trust Fund, (ii) required by law or changes
in any law, rule or regulation or (iii) requested by the Rating Agencies rating the Note A-1 Securitization, the Note A-3
Securitization, the Note A-4 Securitization, the Note A-5 Securitization, the Note A-6 Securitization or the CSAIL 2017-C8 Securitization.
In addition, the Note A-1 PSA, Note A-3 PSA, Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA and the CSAIL 2017-C8 PSA shall
have such additional provisions as are set forth in Section 18. The Note A-1 Holder shall have the right to designate
the Master Servicer and Special Servicer for the Note A-1 Securitization as long as each such party is a Qualified Servicer.

 

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

 

(d)       If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced
pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a
Securitization, subject to receipt of a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor
to rate such Securitization) and all references herein to the “Servicing Agreement” shall mean such subsequent
Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and
such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to
the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage
Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing
of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be

 

    	-17- 

     

    

 

performed
by the service providers set forth under the Servicing Agreement that was previously in effect.

 

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

 

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

 

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

 

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

 

3.         Priority
of Notes. Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6 shall be of equal priority, and no portion of
any of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 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

 

    	-18- 

     

    

 

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, Note A-2, Note
A-3, Note A-4, Note A-5 and Note A-6 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 any Note is not included in a Securitization, any Penalty Charges allocated to such Note that are
not applied pursuant to clauses (i)-(iii) above shall be remitted to the respective Holder and shall not be paid to the Master
Servicer and/or the Special Servicer without the express consent of such Holder.

 

4.         Workout.
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and Section 13 of this Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead
Note Holder, or any Servicer, in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof
such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments
of interest or principal on Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 are waived, reduced or deferred
or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall not alter,
and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of Note A-1, Note
A-2, Note A-3, Note A-4, Note A-5 and Note A-6 as described in Section 3.

 

5.       Accounts;
Payment Procedure. The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection
Account or Collection Accounts, as applicable. Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the
Note A-4 Holder, the Note A-5 Holder and the Note A-6 Holder hereby directs the Master Servicer, in accordance with the priorities
set forth in Section 3 hereof, and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable
Collection Account within the time period specified in the Servicing Agreement all payments received with respect to the Mortgage
Loan and (ii) to remit from the applicable Collection Account for deposit or credit on the applicable Master Servicer Remittance
Date all payments received with respect to and allocable to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6
by wire transfer to accounts maintained by the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder,
the Note A-5 Holder and the Note A-6 Holder, respectively; provided that delinquent payments received by the Master Servicer after
the related Master Servicer Remittance Date shall be remitted by the Master Servicer to such accounts within the time period specified
in the Servicing Agreement.

 

    	-19- 

     

    

 

If
any Servicer holding or having distributed any amount received or collected in respect of Note A-1, Note A-2, Note A-3, Note
A-4, Note A-5 or Note A-6 determines, or a court of competent jurisdiction orders, at any time that any amount received or collected
in respect of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 must, pursuant to any insolvency, bankruptcy,
fraudulent conveyance, preference or similar law, be returned to the Borrower or paid to the Note A-1 Holder, the Note A-2
Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder or any Servicer or paid to any other
Person, then, notwithstanding any other provision of this Agreement, no Servicer shall be required to distribute any portion thereof
to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder or the Note A-6
Holder, as applicable, and the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5
Holder or the Note A-6 Holder, as applicable, shall promptly on demand repay to such Servicer the portion thereof that has
been distributed to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder
or the Note A-6 Holder, as applicable, together with interest thereon at such rate, if any, as such Servicer shall have been required
to pay to the Borrower, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note
A-5 Holder, the Note A-6 Holder, any Servicer or such other person or entity with respect thereto. Each of the Note A-1 Holder,
the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder and the Note A-6 Holder agrees that if at any
time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share
thereof, it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts
due hereunder from the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder
or the Note A-6 Holder, as applicable, with respect to the Mortgage Loan against any future payments due to the Note A-1
Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder or the Note A-6 Holder, as applicable,
under the Mortgage Loan, provided, that the obligations of the Note A-1 Holder, the Note A-2 Holder, the Note A-3
Holder, the Note A-4 Holder, the Note A-5 Holder and the Note A-6 Holder under this Section 5 are separate and distinct
obligations from one another and in no event shall any Servicer enforce the obligations of any Holder against any other Holder.
The obligations of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder
and the Note A-6 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 is further
limited or expanded as set forth in the Servicing Agreement).

 

    	-20- 

     

    

 

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

 

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

 

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

 

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

 

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

 

(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,

 

    	-21- 

     

    

 

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 negligence, willful misconduct or bad faith by any Servicer.

 

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

 

10.        Not
a Security. None of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6 shall be deemed to be a security within
the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

 

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

 

12.       Transfer
of Notes. (a)  Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether
or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more
than 49% (in the aggregate) of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, the
other Holder has consented to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified
Transferee” for all purposes under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation
has been received with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified
Transferee” for all purposes under this Agreement, (iii) such Transfer is to a Qualified Transferee, or (iv) such
Transfer is in connection with a sale by a Securitization trust. Any such transferee must assume in writing the obligations of
the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the Servicing Agreement.
Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization) shall also remake
each of the representations and warranties contained herein for

 

    	-22- 

     

    

 

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

 

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

 

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

 

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

 

    	-23- 

     

    

 

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

 

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

 

    	-24- 

     

    

 

or
other rights whatsoever with respect to the Servicer’s administration of, or exercise of its rights and remedies with respect
to, the Mortgage Loan other than as provided in the Servicing Agreement. Subject to the terms and conditions of the Servicing
Agreement, the Servicer shall have the sole and exclusive authority to make Property Advances with respect to the Mortgage Loan.
Except as otherwise provided in this Agreement, each Holder agrees that it shall have no right to, and hereby presently and irrevocably
assigns and conveys to the Servicer the rights, if any, that such Holder has to (A) call or cause the Servicer to call an
Event of Default under the Mortgage Loan, or (B) exercise any remedies with respect to the Mortgage Loan or the Borrower,
including, without limitation, filing or causing the Lead Note Holder or such Servicer to file any bankruptcy petition against
the Borrower. Each Holder shall, from time to time, execute such documents as any Servicer shall reasonably require to evidence
such assignment with respect to the rights described in clause (iii) of the first sentence in this Section 13(a).

 

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

 

(c)       The
Holders hereby acknowledge that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions set
forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines to sell
the Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire Defaulted Mortgage Loan as a single whole
loan (i.e., 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 reasonably 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

 

    	-25- 

     

    

 

documents
that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.

 

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

 

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

 

The
authority of the Lead Note Holder to sell the Non-Lead Notes, and the obligations of the Non-Lead Note Holders to execute and
deliver instruments or deliver the Non-Lead Notes upon request of the Lead Note Holder, shall terminate and cease to be of any
further force or effect upon the date, if any, upon which the Lead Note is repurchased by BSP, as the initial Note A-1 Holder
from the trust fund established under the Servicing Agreement in connection with a material breach of representation or warranty
made by the initial Note A-1 Holder with respect to the Lead Note or material document defect with respect to the documents
delivered by the initial Note A-1 Holder with respect to the Lead Note upon the consummation of the Lead Securitization.

 

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

 

14.       Rights
of the Directing Holder. (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

 

    	-26- 

     

    

 

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
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

 

    	-27- 

     

    

 

agents
as a result of such special relationships or interests, and that the Directing Holder will not be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed to give any
consent, solely in the interests of any Holder.

 

15.       Appointment
of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time
and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and
appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person
to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-3 PSA, the Note
A-4 PSA, the Note A-5 PSA, the Note A-6 PSA and the CSAIL 2017-C8 PSA a written notice stating such designation and by satisfying
the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required
by the terms of the Servicing Agreement), if any.

 

16.        Rights
of the Non-Directing Holders. (a)  The Servicing Agreement 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 Non-Lead Note has been included in a Securitization, then for any information for which the Special Servicer would be
required to provide to the related 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

 

    	-28- 

     

    

 

from
the action previously proposed, in which case such ten (10) Business Day period shall be begin anew from the date of such proposal
and delivery of all information relating thereto).

 

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

 

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

 

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

 

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

 

17.          Advances;
Reimbursement of Advances. (a)  From time to time, (i) pursuant to terms of the Servicing Agreement, the Lead
Servicer and/or the related Trustee may be obligated to make (1) Property Advances with respect to the Mortgage Loan or the
Mortgaged Properties 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 Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA or the CSAIL 2017-C8 PSA, as applicable.

 

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

 

(c)          To
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse the Lead
Servicer for any Property Advance and/or interest thereon and the Lead Servicer or the related Trustee, as applicable, obtains
funds from general collections of the Lead Securitization as a reimbursement for a Property Advance or interest thereon, each
Non-Lead Note Holder (including any Securitization into which any

 

    	-29- 

     

    

 

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

 

(d)          The
parties to each of the Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6 PSA and the CSAIL 2017-C8
PSA shall each be entitled to make their own recoverability determination with respect to a P&I Advance based on the information
that they have on hand and in accordance with the Note A-1 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note
A-6 PSA and the CSAIL 2017-C8 PSA, as applicable.

 

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

 

18.          Provisions
Relating to Securitization.

 

(a)          New
Notes. For so long as BSP or an Affiliate of BSP (an “Initial Note Holder”) is the owner of any Notes,
such Initial Note 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 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 Initial
Note 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 pooling and servicing agreement, in writing of such modified allocations and
principal amounts. In connection with the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the
Loan Agreement and this Agreement (or to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the
Holders solely for the purpose of reflecting such reallocation of principal or such severing of 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

 

    	-30- 

     

    

 

may
be amended (and new terms added, as necessary) to reflect the New Notes and (4) if BSP is the current Directing Holder, it may
designate the holder for of a different Note to be the Directing Holder. Rating Agency Confirmation shall not be required for
any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Initial Note 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)          Each
Non-Lead Note Holder agrees that (if the 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 and trustee for such Securitization shall be required to notify the master servicer, special servicer
and trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in
such Securitization within two Business Days of making such advance;

 

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

 

(iii)          in
the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any other portion
of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17, and 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 Lead Trustee, as applicable, out of general funds in the collection account (or equivalent
account) established under the Non-Lead Servicing Agreement and (y) if the Lead Servicing Agreement permits the Master Servicer,
Special Servicer or Lead Trustee 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 Non-Lead Servicing Agreement;

 

(iv)         each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the 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 Non-Lead Servicing Agreement will be required to reimburse
the Master Servicer, Special Servicer or Lead Trustee, as applicable, out of general funds in the collection account (or equivalent
account) established under the Non-Lead Servicing Agreement;

 

    	-31- 

     

    

 

(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 Lead Trustee 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 Lead Trustee 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 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 the Non-Lead Note; and

 

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

 

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

 

(d)          The
Note A-4 Holder shall provide the Depositor, the Servicer and the Special Servicer under the Lead Securitization PSA (as of the
Note A-4 Securitization Date) (provided such party is not also a party to the Note A-4 PSA) notice of the Note A-4 Securitization
in writing (which may be by email) prior to or promptly following the Note A-4 Securitization Date. Such notice shall contain
contact information for each of the parties to the Note A-4 PSA and the identity of the Controlling Class Representative under
such Note A-4 PSA. In addition, after the Note A-4 Securitization Date, the Note A-4 Holder shall send a copy of the Note A-4
PSA to the Depositor, the Servicer and the Special Servicer under the Note A-2 PSA (as of the Note A-4 Securitization Date) (provided
such party is not also a party to the Note A-4 PSA).

 

(e)          The
Note A-5 Holder shall provide the Depositor, the Servicer and the Special Servicer under the Lead Securitization PSA (as of the
Note A-5 Securitization Date) (provided such party is not also a party to the Note A-5 PSA) notice of the Note A-5 Securitization
in writing (which may be by email) prior to or promptly following the Note A-5

 

    	-32- 

     

    

 

Securitization
Date. Such notice shall contain contact information for each of the parties to the Note A-5 PSA and the identity of the Controlling
Class Representative under such Note A-5 PSA. In addition, after the Note A-5 Securitization Date, the Note A-5 Holder shall send
a copy of the Note A-5 PSA to the Depositor, the Servicer and the Special Servicer under the Note A-5 PSA (as of the Note A-5
Securitization Date) (provided such party is not also a party to the Note A-5 PSA).

 

(f)          The
Note A-6 Holder shall provide the Depositor, the Servicer and the Special Servicer under the Lead Securitization PSA (as of the
Note A-6 Securitization Date) (provided such party is not also a party to the Note A-6 PSA) notice of the Note A-6 Securitization
in writing (which may be by email) prior to or promptly following the Note A-6 Securitization Date. Such notice shall contain
contact information for each of the parties to the Note A-6 PSA and the identity of the Controlling Class Representative under
such Note A-6 PSA. In addition, after the Note A-6 Securitization Date, the Note A-6 Holder shall send a copy of the Note A-6
PSA to the Depositor, the Servicer and the Special Servicer under the Note A-6 PSA (as of the Note A-6 Securitization Date) (provided
such party is not also a party to the Note A-6 PSA).

 

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

 

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

 

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

 

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

 

(iv)          the
Master Servicer agrees to make available to each master servicer under the 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)          the
Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, certificate administrator or other party acting
as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and
servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to the Non-Lead Servicing Agreement, at its own expense, in a timely manner, the reports,

 

    	-33- 

     

    

 

certifications,
compliance statements, accountants’ assessments and attestations, information to be included in reports (including, without
limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of the other Servicing Agreements as
the parties to each Non-Lead Securitization may require in order to comply with their obligations under the Securities Act of
1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, and any other applicable
law. Without limiting the generality of the foregoing, the 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 Servicing Agreement and each Lead Servicer
(at the expense of the Lead Note Holder) will be required, upon prior written request, to provide to the depositor and the trustee
for any prior Securitization any other information required to comply in a timely manner with applicable filing requirements under
Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion
in any disclosure document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and 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)          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)        with
respect to any Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account and remit to the applicable
Non-Lead Note Holder, within one (1) Business Day of receipt of properly identified funds, any amounts that represent late collections
or principal prepayments on the 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 Non-Lead Note Holder 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 such late collections or principal prepayments to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified funds but, in any event, the Master Servicer shall remit such amounts within two Business
Days of receipt of properly identified funds;

 

    	-34- 

     

    

 

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

 

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

 

(x)           it
shall not be amended in a manner that materially and adversely affects the rights of the Non-Lead Note Holders without its 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)         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 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 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)        “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 Non-Lead
Servicing Agreement to timely comply with its obligations under the Exchange Act, the Securities Act 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);

 

(xiv)        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

 

    	-35- 

     

    

 

extent
the asset representations reviewer or 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;

 

(xv)          if
any “servicer termination event” on the part of the Special Servicer shall occur and be continuing that affects the
Holders of the Non-Lead Notes, then, so long as the Special Servicer is not otherwise terminated, such Holders of Non-Lead Notes
or the trustees under the related Non-Lead Servicing Agreement, as applicable, shall be entitled to direct the Trustee to terminate
the Special Servicer with respect to the Mortgage Loan; a replacement Special Servicer shall be appointed in accordance with the
Servicing Agreement; any Special Servicer appointed to replace the Special Servicer with respect to the Mortgage Loan cannot at
any time be (without the prior written consent of the Holders of the Non-Lead Notes) the person (or Affiliate thereof) that was
terminated at the direction of the Holders of the Non-Lead Notes; and

 

(xvi)        have
provisions materially consistent with those set forth in the Note A-1 PSA with respect to:

 

(A)          
servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status;

 

(B)          
the authority of the servicers in the Note A-1 Securitization to grant or agree or consent to material modifications, waivers
and amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in
connection with the Mortgage Loan;

 

(C)          
requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status
and periodic updates thereof;

 

(D)          
duties of the special servicer in respect of foreclosure and the management of REO property; and

 

(E)          
subject to various adjustments and caps provided for in the Note A-1 PSA (which shall be substantially similar to those set forth
in the Note A-2 PSA), primary servicing, special servicing, workout and liquidation fees (and, in any event, the fees at which
such compensation accrue or are determined shall not exceed 0.0025%, 0.25%, 1.00% and 1.00%, respectively),

 

provided,
however, that (1) this clause (xv) shall not be construed to prohibit differences in timing, control or consultation triggers
or thresholds, terminology, allocation of ministerial duties between multiple servicers or other service providers or certificate
holder or investor voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice
or rating agency confirmation requirements; and (2) in the event of any conflict between this sentence and any other provision
of this Agreement, such other provision of the Agreement shall control.

 

    	-36- 

     

    

 

(h)          The
Note A-3 PSA shall have provisions for the benefit of the parties to the Lead Securitization PSA that are substantially similar
to those provisions in the CSAIL 2017-C8 PSA, including but not limited to indemnifications, advance reimbursements and designation
of third party beneficiaries.

 

(i)          The
Note A-4 PSA shall have provisions for the benefit of the parties to the Lead Securitization PSA that are substantially similar
to those provisions in the CSAIL 2017-C8 PSA, including but not limited to indemnifications, advance reimbursements and designation
of third party beneficiaries.

 

(j)          The
Note A-5 PSA shall have provisions for the benefit of the parties to the Lead Securitization PSA that are substantially similar
to those provisions in the CSAIL 2017-C8 PSA, including but not limited to indemnifications, advance reimbursements and designation
of third party beneficiaries.

 

(k)          The
Note A-6 PSA shall have provisions for the benefit of the parties to the Lead Securitization PSA that are substantially similar
to those provisions in the CSAIL 2017-C8 PSA, including but not limited to indemnifications, advance reimbursements and designation
of third party beneficiaries.

 

(l)          If
any provision required to be included in a Non-Lead Servicing PSA or the Lead Securitization PSA is not included therein as required
in this Agreement, each Holder agrees that each such provision shall be deemed to be incorporated as a provision of and made a
part of such Non-Lead Servicing PSA or Lead Securitization PSA, as the case may be.

 

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), (b) and (c), this Agreement may not be modified unless a Rating Agency Confirmation has been delivered with respect to
each Securitization, except that no Rating Agency Confirmation shall be required in connection with a modification to cure any
ambiguity or to correct or supplement any provision herein that may be defective or inconsistent with any other provisions herein
or with the Servicing Agreement.

 

    	-37- 

     

    

 

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

 

25.          Custody
of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than Note A-1, Note A-3, Note
A-4, Note A-5 and Note A-6) will be held by WTNA, as trustee for the CSAIL 2017-C8 Securitization (or by a custodian on its behalf)
under the terms of the CSAIL 2017-C8 PSA on behalf of all of the Holders until the Note A-1 Securitization Date, at which time
the originals of all of the Mortgage Loan Documents (other than Note A-2) will be transferred to and held by the Note A-1 Trustee
(or by a custodian on its behalf) on behalf of all of the Holders.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

    	-38- 

     

    

 

IN
WITNESS WHEREOF, each of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5
Holder and the Note A-6 Holder has caused this Agreement to be duly executed as of the day and year first above written.

 

	 	Note A-1 Holder:
	 	 	 
	 	BENEFIT
    STREET PARTNERS CRE FINANCE LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name:  Micah
    Goodman
	 	 	Title:    Authorized
    Signatory
	 	 	 
	 	Note A-2 Holder:
	 	 	 
	 	WILMINGTON
    TRUST, NATIONAL ASSOCIATION, SOLELY IN ITS CAPACITY AS TRUSTEE IN TRUST FOR HOLDERS OF CSAIL 2017-C8 COMMERCIAL MORTGAGE TRUST
    COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES, SERIES 2017-C8
	 	 	 
	 	By:
    Wells Fargo Bank, National Association,  as Master Servicer
	 	 	 
	 	By:	/s/ C. Travis Wheat
	 	 	Name:    C. Travis Wheat
	 	 	Title:      Vice President
	 	 	 
	 	Note A-3 Holder:
	 	 	 
	 	BENEFIT
    STREET PARTNERS CRE FINANCE LLC
	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name:    Micah Goodman
	 	 	Title:      Authorized
    Signatory
	 	 	 
	 	Note A-4 Holder:
	 	 	 
	 	BENEFIT
    STREET PARTNERS CRE FINANCE LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name:    Micah Goodman
	 	 	Title:     Authorized
    Signatory

 

	 	Note A-5 Holder:
	 	 	 
	 	BENEFIT STREET PARTNERS CRE FINANCE
    LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name:    Micah Goodman
	 	 	Title:      Authorized
    Signatory

 

	 	Note A-6 Holder:
	 	 	 
	 	BENEFIT STREET PARTNERS CRE FINANCE
    LLC
	 	 	 
	 	By:	/s/ Micah Goodman
	 	 	Name:    Micah Goodman
	 	 	Title:      Authorized
    Signatory

 

Signature
Page

Garden
Multifamily Portfolio Co-Lender Agreement

 

    	 

     

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

A.          Description
of Mortgage Loan

 

	Borrowers:	Beckford
    Place Apartments of the Plains, Ltd., Camellia Court Apartments of Columbus, Ltd., Camellia Court Apartments of Columbus,
    II, Ltd., Forsythia Court Apartments of Columbus, Ltd., Meadowood Apartments of Warrick County, Ltd., Ridgewood Apartments
    of Bedford, Ltd., Laurelwood Court Apartments of Bedford, Ltd., Slate Run Apartments of Bedford, Ltd., Foxhaven Apartments
    of Stark County, L.L.C., River Glen Apartments of Reynoldsburg II LLC, Empirian Carleton Court LLC, CRSI SPV 96, LLC, CRSI
    SPV 59, LLC, Tabor Ridge Apartments LLC, Elmwoods Apartments of Marietta, Ltd. and Wood Trail Apartments of Newnan, Ltd.
	Mortgage
    Loan Origination Date:  	May
    12, 2017
	Initial
    Principal Amount of Mortgage Loan:	$57,500,000
	Locations
    of Mortgaged Properties:	Louisville,
        Kentucky

        The
        Plains, Ohio

        Columbus,
        Ohio

        Ann
        Arbor, Michigan

        Marietta,
        Georgia

        Columbus,
        Ohio

        Canton,
        Ohio

        Burlington,
        Kentucky

        Ypsilanti,
        Michigan

        Newburgh,
        Indiana

        Bedford,
        Indiana

        Reynoldsburg,
        Ohio

        Bedford,
        Ohio

        Berea,
        Ohio

        Newnan,
        Georgia

	Current
    Use of Mortgaged Properties:	Multifamily
	Mortgage
    Interest Rate:	5.01%
    per annum
	Maturity
    Date:	June
    6, 2027

 

    	A-1 

     

    

 

B.          Description
of Notes

 

	Mortgage
    Loan Origination Date:	May
    12, 2017
	Initial
    Note A-1 Principal Balance:	$16,000,000
	Initial
    Note A-2 Principal Balance:	$18,000,000
	Initial
    Note A-3 Principal Balance:	$6,000,000
	Initial
    Note A-4 Principal Balance:	$6,750,000
	Initial
    Note A-5 Principal Balance:	$6,750,000
	Initial
    Note A-6 Principal Balance:	$4,000,000
	Initial
    Note A-1 Percentage Interest:	27.83%
	Initial
    Note A-2 Percentage Interest:	31.30%
	Initial
    Note A-3 Percentage Interest:	10.43%
	Initial
    Note A-4 Percentage Interest:	11.74%
	Initial
    Note A-5 Percentage Interest:	11.74%
	Initial
    Note A-6 Percentage Interest:	6.96%
	Note A-1
    Interest Rate:	5.01%
    per annum
	Note A-2
    Interest Rate:	5.01%
    per annum
	Note
    A-3 Interest Rate:	5.01%
    per annum
	Note
    A-4 Interest Rate:	5.01%
    per annum
	Note
    A-5 Interest Rate:	5.01%
    per annum
	Note
    A-6 Interest Rate:	5.01%
    per annum
	Note A-1
    Default Interest Rate:	A
                                                                                                                                                                     rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-1
                                                                                                                                                                     Interest Rate, compounded monthly

	Note A-2
    Default Interest Rate:  	A
rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-2 Interest
Rate, compounded monthly

	Note
    A-3 Default Interest Rate:	A
rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-3 Interest
Rate, compounded monthly

	Note
    A-4 Default Interest Rate:	A
rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-4 Interest
Rate, compounded monthly

	Note
    A-5 Default Interest Rate:	A
rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-5 Interest
Rate, compounded monthly

	Note
    A-6 Default Interest Rate:	A
rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) 4% above the Note A-6 Interest
Rate, compounded monthly

 

    	A-2 

     

    

 

EXHIBIT
B

 

Note A-1
Holder, Note A-3 Holder, Note A-4 Holder, Note A-5 Holder and Note A-6 Holder:

 

Benefit
Street Partners CRE Finance LLC

9
West 57th Street, Suite 4920

New
York, New York 10019

Attention:
Micah Goodman and Tiffany Putman

 

Note A-2 Holder:

 

(i)
Depositor:

 

Credit
Suisse Commercial Mortgage Securities Corp

11 Madison Avenue

New York, New York 10010

Attention: Chuck Lee

Fax number: (212) 322-0965

Email: chuck.lee@credit-suisse.com

 

with
a copy to:

Credit Suisse, Commercial Real Estate & CMBS

One Madison Ave, 9th Floor

New York, New York 10010

Attention: Sarah Nelson

Fax number: (212) 743-2823

Email: sarah.nelson@credit-suisse.com

 

(ii)
Master Servicer:

 

Wells
Fargo Bank, National Association

Commercial
Mortgage Servicing

Three
Wells Fargo

401
S. Tryon Street, 8th Floor

MAC
D1050-084

Charlotte,
NC 28202

Attention:
CSAIL 2017-C8 Asset Manager

Telecopy
Number: (704) 715-0036

E-mail:
commercial.servicing@wellsfargo.com

 

with
a copy to:

 

    	B-1 

     

    

 

Wells
Fargo Bank, National Association Legal Department

301
S. College St., TW-30

Charlotte,
North Carolina 28202

Attention:
Commercial Mortgage Servicing Legal Support

Reference:
CSAIL 2017-C8

 

with
a copy to:

 

K&L
Gates LLP

Hearst
Tower, 47th Floor

214
North Tryon Street

Charlotte,
North Carolina 28202

Attention:
Stacy G. Ackermann

Facsimile
Number: (704) 353-3190

 

(iii)
Special Servicer:

 

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

10851 Mastin Street, Suite 700

Overland Park, Kansas 66210

Attention: Executive Vice President – Division Head

Fax number: 1-888-706-3565

 

with
a copy to:

 

Stinson
Leonard Street LLP

1201
Walnut Street

Suite
2900

Kansas
City, Missouri 64106-2150

Fax
Number: (816) 412-9338

Attention:
Kenda K. Tomes

Email: kenda.tomes@stinson.com

 

(iv)
Certificate Administrator:

 

Wells
Fargo Bank, National Association

9062
Old Annapolis Road

Columbia,
Maryland 21045

Attention:
Corporate Trust Services -

CSAIL
2017-C8

 

with
a copy to:

 

Telecopy
Number: (410) 715-2380

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

 

    	B-2 

     

    

 

(v)
Trustee:

 

Wilmington
Trust, National Association

1100
North Market Street

Wilmington,
Delaware 19890

Attention:
CMBS Trustee CSAIL 2017-C8

 

with
a copy to:

 

Telecopy
number: (302) 636-4140

Email:
CMBSTrustee@wilmingtontrust.com

 

(vi)
Custodian:

 

Wells
Fargo Bank, National Association

1055
10th Avenue SE

Minneapolis,
Minnesota 55414

Attention:
Document Custody Group – CSAIL 2017-C8

Email:
CMBScustody@wellsfargo.com

 

(vii)
Operating Advisor and as Asset Representations Reviewer:

 

Park
Bridge Lender Services LLC

600 Third Avenue, 40th Floor

New York, New York 10016

Attention: CSAIL 2017-C8-Surveillance Manager (with a copy sent contemporaneously via email to cmbs.notices@parkbridgefinancial.com)

 

    	B-3 

     

    

 

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.

Rialto Capital
Advisors, LLC

Rialto Capital
Management, LLC

Rialto Capital
Advisors, LLC

Raith Capital
Partners, LLC

 

    	C-1

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