Document:

Exhibit 4.22

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of September 24, 2018

by and among

 

KEYBANK NATIONAL ASSOCIATION

(Initial Note A-1 Holder)

 

and

 

KEYBANK NATIONAL ASSOCIATION

(Initial Note A-2 Holder)

 

Alexander Office Park

 

     

    

    

 

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of September 24, 2018 by and between KEYBANK NATIONAL ASSOCIATION (together
with its successors in interest, “KeyBank”), in its capacity as initial owner of Note A-1, (together with its
successors and assigns in interest, in its capacity as initial owner of Note A-1, the “Initial Note A-1 Holder”,
and in its capacity as the initial agent, the “Initial Agent”), and KEYBANK NATIONAL ASSOCIATION (together with
its successors and assigns in interest, in its capacity as initial owner of Note A-2, the “Initial Note A-2 Holder”
and, together with the Initial Note A-1 Holder, the “Initial Note Holders”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Loan Agreement (as defined herein) and as modified by that certain Note Splitter and Loan Modification Agreement (as defined
herein) dated September 24, 2018, KeyBank (in such capacity, the “Original Lender”) originated a certain loan
(the “Mortgage Loan”) described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”)
to the mortgage loan borrower described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”), which,
as of the date hereof, is evidenced, inter alia, by that certain (i) Amended and Restated Promissory Note A-1, dated September
24, 2018 and effective as of July 31, 2018, in the original principal amount of $28,000,000.00 made by the Mortgage Loan Borrower
to the Initial Note A-1 Holder (as the same may be amended, modified, supplemented or replaced from time to time, “Note
A-1”) and (ii) Amended and Restated Promissory Note A-2, dated September 24, 2018 and effective as of July 31, 2018,
in the original principal amount of $14,900,000.00 made by the Mortgage Loan Borrower to the Initial Note A-2 Holder (as the same
may be amended, modified, supplemented or replaced from time to time, “Note A-2”), each secured by those certain
first priority Consolidated, Amended and Restated Fee, Leasehold and Subleasehold Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing, dated July 31, 2018 (as the same may be amended,
modified or supplemented from time to time, the “Mortgage”), between the Original Lender and the Mortgage Loan
Borrower, encumbering that certain real property located at 210, 214, 218-224 Alexander Street and 330-350 Monroe Avenue, Rochester,
New York 14607 (the “Mortgaged Property”).

 

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

 

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

 

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

 

     

    

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    2 

    

    

 

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

 

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

 

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

 

“Controlling
Note Holder” shall mean the Note A-1 Holder; provided that at any time Note A-1 is included in the Lead Securitization,
references to the “Controlling Note Holder” herein shall mean the holders of the majority of the class of securities
issued in the Lead Securitization designated as the “controlling class” or such other class(es) or party otherwise
assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided
in the Lead Securitization Servicing Agreement; provided that if at any time 25% or more of Note A-1 (or the class of securities
issued under the Note A-1 PSA designated as the “controlling class” or such other class(es) otherwise assigned the
rights to exercise the rights of the “Controlling Note Holder”) is held by a Borrower Party or a Borrower Party Affiliate,
the Note A-1 Holder (or the class of securities issued under the Note A-1 PSA designated as the “controlling class”
or such other class(es) otherwise assigned the rights to exercise the rights of the Controlling Note Holder) shall not be entitled
to exercise any rights of the Controlling Note Holder.

 

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

 

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

 

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

 

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

 

“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(b) of this Agreement.

 

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

 

    3 

    

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    4 

    

    

 

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

 

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

 

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

 

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

 

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

 

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

 

“Major Decisions”
shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of July 31, 2018, by and between Mortgage Loan Borrower, as borrower,
KeyBank, as lender, as modified by the Note Splitter and Loan Modification Agreement, as the same may be further amended, restated,
supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

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

 

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

 

    5 

    

    

 

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

 

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

 

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

 

“Non-Controlling
Note” means Note A-2, or any New Note(s) issued in respect thereof.

 

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

 

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

 

    6 

    

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Non-Lead Securitization
Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued in the Securitization
of a Non-Lead Securitization Note designated as the “controlling class” pursuant to the related Non-Lead Securitization
Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued
in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the
rights to exercise the rights of the “Controlling Note Holder”) is held by a Borrower Party or a Borrower Party Affiliate,
no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

 

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

 

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

 

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

 

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

 

    7 

    

    

 

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

 

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

 

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

 

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

 

“Note A-1 PSA”
shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with Note A-1 Securitization.

 

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

 

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

 

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

 

“Note A-2 Principal
Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2 Principal
Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or on any New Notes issued in substitution
thereof) received by the Note A-2 Holder (or any holders of New Notes issued in substitution of the Note A-2) or reductions in
such amount pursuant to Section 3 or 4, as applicable.

 

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

 

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

 

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

 

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

 

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

 

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

 

    8 

    

    

 

“Note Splitter
and Loan Modification Agreement” shall mean the Note Splitter and Loan Modification Agreement, dated as of September
24, 2018, by and between Mortgage Loan Borrower, as borrower, and KeyBank, as lender, and ESTATE OF LAURENCE C. GLAZER, pursuant
to the Last Will and Testament of Laurence C. Glazer dated August 12, 2012, as guarantor, as the same may be further amended, restated,
supplemented or otherwise modified from time to time.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    9 

    

    

 

(c)         
one or more of the following:

 

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

 

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

 

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

 

(iv)        an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital
commitments of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities
referred to in clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing
member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle and provided
that at least 50% of the equity

 

    10 

    

    

 

interests in such investment vehicle are owned, directly or indirectly, by one or more entities
that are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set
forth below in the definition), or

 

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

 

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

 

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

 

“Qualified Trustee”
means (i) a corporation, national bank, national banking association or a trust company, organized and doing business under
the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept
the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution
whose long-term senior unsecured debt is rated either of the then in effect top three rating categories of each of the applicable
Rating Agencies (or, if not rated by an applicable Rating Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s
and S&P).

 

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

 

“Rating Agency
Confirmation” shall mean a confirmation in writing by each of the Rating Agencies that the occurrence of the event with
respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal of the
applicable rating or ratings ascribed by such Rating Agency to any of the securities issued pursuant to a Securitization that are
then outstanding. If no such securities are outstanding, any

 

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action that would otherwise require a Rating Agency Confirmation shall
instead require the consent of the Note A-1 Holder, which consent shall not be unreasonably withheld or delayed. For the purposes
of this Agreement, if any Rating Agency shall waive, decline or refuse to review or otherwise act upon any request for Rating Agency
Confirmation hereunder, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition
that a Rating Agency Confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity,
any such waiver, declination or refusal to review or otherwise act upon any request for a Rating Agency Confirmation hereunder
shall not be deemed a waiver, declination or refusal to review or otherwise act upon any subsequent request for a Rating Agency
Confirmation hereunder and the condition for Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall
apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

 

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

 

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125,
as such rules may be amended and are in effect from time to time, but only to the extent compliance is required as of the applicable
date of determination, and subject to such clarification and interpretation as have been provided by the Commission or by the staff
of the Commission, or as may be provided by the Commission or its staff from time to time.

 

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

 

“Remittance
Date” shall mean the date that is the earliest of (A) two (2) Business Days prior to the related distribution date in
each calendar month for the Non-Lead Securitization or (B) the fifteenth (15th) day of each calendar month (or, if the fifteenth
(15th) calendar day of that month is not a Business Day, then the Business Day immediately succeeding such fifteenth (15th) calendar
day); provided, however, that such Remittance Date shall not be earlier than two (2) Business Days following the date the
Master Servicer receives the related Monthly Payment with respect to the Mortgage Loan.

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of at least “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage
Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that was rated by Moody’s within the twelve (12) month period
prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of commercial
mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer
as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer is currently
acting as special servicer on a deal or transaction-level basis for all or a significant portion of the related mortgage loans
in one or more other commercial mortgage-backed securitizations, and Morningstar has not, with respect to any such other transactions,
qualified, downgraded or withdrawn its rating or ratings on one or more classes of securities issued in such transactions, (v) in
the case of DBRS, such special servicer is acting as special

 

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servicer for one or more loans included in a commercial mortgage loan
securitization that was rated by DBRS, and DBRS has not cited servicing concerns of such special servicer as the sole or material
factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination,
and (vi) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Servicer Termination
Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that
the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept
under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Section 2.         
Servicing of the Mortgage Loan.

 

(a)       Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced
from and after the Securitization Date pursuant to the Lead Securitization Servicing Agreement; provided that the Master
Servicer shall not be obligated to advance monthly payments of principal or interest in respect of any Note other than the Lead
Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent
real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and
enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement including
any provisions governing the determination of non-recoverability. The Lead Securitization Servicing Agreement shall contain terms
and conditions that are customary for securitization transactions involving assets similar to the Mortgage Loan and that are otherwise
(i) required by the Code relating to the tax elections of any Securitization Trust, (ii) required by law or changes in any law,
rule or regulation or (iii) generally required by the Rating Agencies in connection with the issuance of ratings in securitizations
similar to the Securitizations. In addition, the Lead Securitization Servicing Agreement shall have such additional provisions
as are set forth in Schedule I hereto. Each Note Holder acknowledges that the other Note Holder may elect, in its sole discretion,
to include its Note in a Securitization and agrees that it will, subject to Section 27, reasonably

 

    14 

    

    

 

cooperate with such other
Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and conditions of this
Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer and the Trustee
under the Lead Securitization Servicing Agreement by the Depositor and the appointment of the initial Special Servicer by the Controlling
Note Holder as may be replaced pursuant to the terms of the Lead Securitization Servicing Agreement and agrees to reasonably cooperate
with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead
Securitization Servicing Agreement. Each Note Holder hereby irrevocably appoints the Master Servicer, the Special Servicer and
the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with
respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement
(subject at all times to the rights of the Note Holder set forth herein and in the Lead Securitization Servicing Agreement). In
no event shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against
any other Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however,
this statement shall not be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder; provided
that, if any payment is made from general funds on deposit in the Certificate Account for the Lead Securitization Trust and
the Lead Securitization Trust is entitled under the terms of this Agreement to reimbursement from a Non-Lead Securitization Note
Holder with respect to all or a portion of such Non-Lead Securitization’s “share” of such payment, the Servicer
may use efforts in accordance with the Servicing Standard to exercise promptly the rights of the Lead Securitization Trust under
this Agreement to obtain reimbursement from a Non-Lead Securitization Note Holder for such Non-Lead Securitization Note Holders’
allocable share of the amount so paid. Each Servicer shall be required pursuant to the Lead Securitization Servicing Agreement
to service the Mortgage Loan in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization
Servicing Agreement and applicable law, shall provide information to each Non-Lead Servicer under each Non-Lead Securitization
Servicing Agreement to enable each such Non-Lead Servicer to perform its servicing duties under the related Non-Lead Securitization
Servicing Agreement and shall not take any action or refrain from taking any action or follow any direction inconsistent with the
foregoing.

 

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

 

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force and effect with respect to the Mortgage Loan, by the Servicer in the Lead Securitization
or by any Person appointed by the Lead Securitization Note Holder that is a servicer meeting the requirements of a master servicer
under the Lead Securitization Servicing Agreement.

 

(b)       The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Servicing Advances with respect
to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and (ii) may be required
to make P&I Advances on the Lead Securitization Note, if and to the extent provided in the Lead Securitization Servicing Agreement
and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for a Servicing Advance, first from funds on deposit in the Certificate Account and/or the Serviced Whole Loan Custodial
Account for the Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage Loan, and then,
in the case of Nonrecoverable Servicing Advances, if such funds on deposit in the Certificate Account with respect to the Lead
Securitization Note, together with funds on deposit in the Serviced Whole Loan Custodial Account, are insufficient, from general
collections of the Lead Securitization as provided in the Lead Securitization Servicing Agreement. The Master Servicer, the Special
Servicer and the Trustee, as applicable, shall be entitled to reimbursement for accrued and unpaid interest on a Servicing Advance
or a Nonrecoverable Servicing Advance, in the manner and from the sources provided in the Lead Securitization Servicing Agreement,
including from general collections of the Lead Securitization. Notwithstanding the foregoing, to the extent the Master Servicer,
the Special Servicer or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement
for a Nonrecoverable Servicing Advance or any accrued and unpaid interest on a Servicing Advance or a Nonrecoverable Servicing
Advance, each Non-Lead Securitization Note Holder (including any Non-Lead Securitization Trust) shall be required to, promptly
following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable
Servicing Advance or accrued and unpaid interest thereon.

 

In addition,
each Non-Lead Securitization Note Holder (including, but not limited to, any Non-Lead Securitization Trust) shall be required to,
promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for such Non-Lead
Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred in connection with the servicing
and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer, the Certificate Administrator, the
Trustee, the Senior Trust Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the Lead Securitization
Servicing Agreement (other than P&I Advances and interest thereon), to the extent amounts on deposit in the “Serviced
Whole Loan Custodial Account” are insufficient for reimbursement of such amounts and to the extent that funds from general
collections in the Lead Securitization are applied towards the Lead Securitization Note Holder’s pro rata share of
the insufficiency. Each Non-Lead Securitization Note Holder shall indemnify (i) (as and to the same extent the Lead Securitization
Trust is required to indemnify each of the following parties in respect of other mortgage loans in the Lead Securitization Trust
pursuant to the terms of the Lead Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Senior Trust Advisor (if and to the extent it has responsibilities with respect to the Non-Lead
Securitization Notes) and the Depositor (and any

 

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director, officer, employee or agent of any of the foregoing, to the extent such
parties are identified as indemnified parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans)
and (ii) the Lead Securitization Trust (such parties in clause (i) and the Lead Securitization Trust, collectively, (the
“Indemnified Parties”) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration of the
Mortgage Loan and the Mortgaged Property (or, with respect to the Senior Trust Advisor, incurred in connection with the provision
of services for the Mortgage Loan) under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”)
to the extent of its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the “Serviced
Whole Loan Custodial Account” are insufficient for reimbursement of such amounts, the Non-Lead Securitization Note Holder
shall be required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of
the applicable Indemnified Parties for its pro rata share of the insufficiency (including, if a Non-Lead Securitization
Note has been included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization
Trust).

 

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

 

    17 

    

    

 

Servicer and the Non-Lead Trustee, as the case may be, of the other
Securitization promptly upon making such determination. Each of the Master Servicer and the Trustee will only be entitled to reimbursement
for a P&I Advance made with respect to the Lead Securitization Note and advance interest thereon that becomes non-recoverable
first from the Certificate Account from amounts allocable to the Lead Securitization Note, and then, if funds are
insufficient, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization Servicing
Agreement. Each of a Non-Lead Master Servicer and a Non-Lead Trustee, as applicable, will only be entitled to reimbursement for
a P&I Advance made with respect to the Non-Lead Securitization Note and advance interest thereon that becomes non-recoverable
from general collections of the related Non-Lead Securitization Trust, as and to the extent provided in the related Non-Lead Securitization
Servicing Agreement.

 

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

 

(i)           such Non-Lead Securitization Note Holder shall be responsible for its pro rata share of any Nonrecoverable Servicing
Advances (and accrued and unpaid interest thereon) and any additional Trust Fund expenses (but not any interest on P&I Advances),
but only to the extent that they relate to servicing and administration of the Notes and the Mortgaged Property, including without
limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes, and that in the event that
the funds received with respect to each respective Note are insufficient to cover such Servicing Advances or additional trust fund
expenses, (A) the Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer or the Special
Servicer, pay or reimburse the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, or the Lead
Securitization Trust, as applicable, out of general collections in the collection account (or equivalent account) established under
the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization Note Holder’s pro rata share of any
such Nonrecoverable Servicing Advances (together with advance interest thereon) and/or additional trust fund expenses (including
compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing and administration of the
Mortgage Loan and the Mortgaged Property), and (B) if the Lead Securitization Servicing Agreement permits the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead Securitization Trust’s
general collections, then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable,
may do so, and the Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer, the Special
Servicer or the Trustee, reimburse the Lead Securitization Trust out of general collections in the collection account (or equivalent
account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization Note Holder’s
pro rata share of any such Nonrecoverable Servicing Advances (together with advance interest thereon) and/or additional trust fund
expenses (including compensation due to the Master Servicer and the Special Servicer to the extent related to the servicing and
administration of the Mortgage Loan and the Mortgaged Property);

 

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(ii)          each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of the Lead Securitization Servicing Agreement) by the Securitization Trust holding the Non-Lead Securitization Note, against
any of the Indemnified Items to the extent of its pro rata share of such Indemnified Items, from amounts on deposit in the
“Serviced Whole Loan Custodial Account”, and to the extent amounts on deposit in the “Serviced Whole Loan Custodial
Account” are insufficient for reimbursement of such amounts, the Non-Lead Master Servicer will be required to reimburse each
of the applicable Indemnified Parties for the Non-Lead Securitization Note Holder’s pro rata share of the insufficiency
out of general collections in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing
Agreement;

 

(iii)         the Non-Lead Master Servicer will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer,
the Master Servicer and the Senior Trust Advisor (i) promptly following Securitization of the Non-Lead Securitization Note, notice
of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact information
for the Non-Lead Trustee, the certificate administrator, the Non-Lead Master Servicer, the Non-Lead Special Servicer and the party
designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement), accompanied by a copy
of the executed Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the identity of the Non-Lead
Master Servicer or the party designated to exercise the rights of the “Non-Controlling Note Holder” under this Agreement
(together with the relevant contact information); and

 

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

 

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

 

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Servicing Agreement) and, when so delivered to such
Non-Lead Master Servicer, such Non-Lead Special Servicer, the related certificate administrator and the related Non-Lead Securitization
Subordinate Class Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization
Servicing Agreement.

 

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

 

Section 3.         
Priority of Payments. Each Note shall be of equal priority, and no portion of any Note shall have priority or preference
over any portion of any other Note or security therefor. All amounts tendered by the Mortgage Loan Borrower or otherwise available
for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds
thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other collateral or instrument securing the Mortgage Loan, Insurance and Condemnation Proceeds (other than
proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage
Loan Borrower in accordance with the terms of the Mortgage Loan Documents), but excluding (x) all amounts for required reserves
or escrows required by the Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents)
to be held as reserves or escrows or received as reimbursements on account of recoveries in respect of property protection expenses
or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under the Lead Securitization Servicing
Agreement and (y) all amounts that are then due, payable or reimbursable (except for (i) any reimbursement of P&I Advances
(and interest thereon) made with respect to any Note which may only be reimbursed out of payments and collections allocable to
such Note and (ii) any Servicing Fees due to the Master Servicer in excess of that portion of such Servicing Fees calculated at
the Servicing Fee Rate applicable to the Non-Lead Securitization Note as set forth in the Lead Securitization Servicing Agreement
which excess may only be paid out of payments and collections allocable to the Lead Securitization Note) to any Servicer, with
respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement (including without limitation, any additional
Trust Fund expenses (other than interest on P&I Advances) relating to the Mortgage Loan (but subject to second paragraph of
Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees, Workout
Fees, Penalty Charges (to the extent provided in the immediately following paragraph) and any other additional compensation payable
pursuant to the Lead Securitization Servicing Agreement), shall be applied by the Lead Securitization Note Holder (or its designee)
to the Notes on a Pro Rata and Pari Passu Basis.

 

For clarification purposes,
Penalty Charges (as defined in the Lead Securitization Servicing Agreement) paid on each Note shall first, be used to reduce,
on a pro rata basis, the amounts payable on each Note by the amount necessary to pay the Master Servicer, the Trustee or
the Special Servicer for any interest accrued on any Servicing Advances and reimbursement of

 

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any Servicing Advances in accordance
with the terms of the Lead Securitization Servicing Agreement, second, be used to reduce the respective amounts payable
on each Note by the amount necessary to pay the Master Servicer, Trustee, a Non-Lead Master Servicer or a Non-Lead Trustee for
any interest accrued on any P&I Advance made with respect to such Note by such party (if and as specified in the Lead Securitization
Servicing Agreement or a Non-Lead Securitization Servicing Agreement, as applicable), third, be used to reduce, on a pro
rata basis, the amounts payable on each Note by the amount necessary to pay additional trust fund expenses (other than Special
Servicing Fees, unpaid Workout Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead
Securitization Servicing Agreement) and finally, (i) in the case of the remaining amount of Penalty Charges allocable to
the Lead Securitization Note, be paid to the Master Servicer and/or the Special Servicer as additional servicing compensation as
provided in the Lead Securitization Servicing Agreement and (ii) in the case of the remaining amount of Penalty Charges allocable
to a Non-Lead Securitization Note, be paid, (x) prior to the securitization of such Note, to the related Non-Lead Securitization
Note Holder and (y) following the securitization of such Note, to the Master Servicer and/or the Special Servicer as additional
servicing compensation as provided in the Lead Securitization Servicing Agreement.

 

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

 

Section 5.         
Administration of the Mortgage Loan.

 

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

 

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Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights, if any,
that such Note Holder has to, (i) call or cause the Lead Securitization Note Holder to call an Event of Default under the
Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without
limitation, filing or causing the Lead Securitization Note Holder to file any bankruptcy petition against the Mortgage Loan Borrower.
The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization
Note Holder) shall not have any fiduciary duty to any Non-Lead Securitization Note Holder in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization Note Holder from the obligation to make any disbursement
of funds as set forth herein or its obligation to follow the Servicing Standard (in the case of the Master Servicer or the Special
Servicer) or any liability for failure to do so).

 

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

 

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provided, however, that any Non-Controlling Note Holder may waive any delivery or timing requirements set forth
in this sentence only for itself. Subject to the foregoing, each of the Controlling Note Holder, the Controlling Note Holder Representative,
the Non-Controlling Note Holders and the Non-Controlling Note Holder Representatives shall be permitted to bid at any sale of the
Mortgage Loan unless such Person is a Borrower Party Affiliate or an agent or Borrower Party Affiliate.

 

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

 

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

 

(b)       The administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement.
The servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced
Mortgage Loan (or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in
each case pursuant to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in
accordance with the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder shall cause the Master Servicer
and the Special Servicer to service and administer the Mortgage Loan in accordance with the Servicing Standard taking into account
the interests of each of the Note Holders as a collective whole. The Note Holders agree to be bound by the terms of the Lead Securitization
Servicing Agreement. All rights and obligations of the Lead

 

    23 

    

    

 

Securitization Note Holder described hereunder may be exercised by
the Master Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee on behalf of the Lead Securitization
Note Holder. The Lead Securitization Servicing Agreement shall not be amended in any manner that may adversely affect any Non-Lead
Securitization Note Holder in its capacity as a Non-Lead Securitization Note Holder without such Non-Lead Securitization Note Holder’s
prior written consent. Each Non-Lead Securitization Note Holder (unless it is the same Person as or a Borrower Party Affiliate)
shall be a third-party beneficiary to the Lead Securitization Servicing Agreement with respect to its rights as specifically provided
for therein.

 

(c)       Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be required (i) to provide copies of any notice, information and report that it is required to provide to
the Lead Securitization Subordinate Class Representative pursuant to the Lead Securitization Servicing Agreement with respect to
any Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage
Loan, to each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative), within the same time frame it is
required to provide to the Lead Securitization Subordinate Class Representative (for this purpose, without regard to whether such
items are actually required to be provided to the Lead Securitization Subordinate Class Representative under the Lead Securitization
Servicing Agreement due to the occurrence and continuance of a Control Event or a Consultation Termination Event) and (ii) to consult
with each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) on a strictly non-binding basis, to the
extent having received such notices, information and reports, such Non-Controlling Note Holder (or its Non-Controlling Note Holder
Representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such Non-Controlling
Note Holder (or its Non-Controlling Note Holder Representative); provided that after the expiration of a period of ten (10)
Business Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) by the
Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf) of written notice of a proposed
action, together with copies of the notice, information and report required to be provided to the Lead Securitization Subordinate
Class Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its behalf)
shall no longer be obligated to consult with such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative),
whether or not such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) has responded within such ten
(10) Business Day period (unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) proposes a new course of action that is materially different from the action previously proposed, in which case such
ten (10) Business Day period shall be deemed to begin anew from the date of such proposal and delivery of all information relating
thereto). Notwithstanding the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative)
set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting
on its behalf) may make any Major Decision or take any action set forth in the Asset Status Report before the expiration of the
aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as
applicable) determines

 

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that immediate action with respect thereto is necessary to protect the interests of the Note Holders. In
no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) be obligated
at any time to follow or take any alternative actions recommended by any Non-Controlling Note Holder (or its Non-Controlling Note
Holder Representative).

 

In addition to the consultation
rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided in the immediately preceding
paragraph, each Non-Controlling Note Holder shall have the right to attend annual meetings (which may be held telephonically or
in person, at the discretion of the Master Servicer or Special Servicer, as applicable) with the Lead Securitization Note Holder
(or the Master Servicer or the Special Servicer acting on its behalf) at the offices of the Master Servicer or the Special Servicer,
as applicable, upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed; provided that such Non-Controlling Note Holder, at
the request of the Master Servicer or the Special Servicer, as applicable, shall execute a confidentiality agreement in form and
substance satisfactory to it, the Master Servicer or the Special Servicer, as applicable, and the Lead Securitization Note Holder.

 

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

 

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

 

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or payment otherwise distributable to the other Note Holder be reduced
to offset or make-up any such payment or deficit.

 

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

 

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

 

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

 

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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)       Each Non-Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise
of its rights and obligations with respect to the Mortgage Loan (a “Non-Controlling Note Holder Representative”).
All of the provisions relating to Controlling Note Holder and the Controlling Note Holder Representative set forth in Section
6(a) (except those contained in the last sentence thereof) and Section 6(b) shall apply to each Non-Controlling Note
Holder and any related Non-Controlling Note Holder Representative mutatis mutandis.

 

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

 

If the Controlling Note
Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision within ten (10) Business
Days (or thirty (30) days in connection with an Acceptable Insurance Default) after delivery to the Controlling Note Holder by
the applicable Servicer of written notice of a proposed Major Decision (which notice shall contain a legend, in conspicuous boldface
type, substantially similar to the following:

 

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“THIS IS A REQUEST FOR ACTION APPROVAL. IF THE CONTROLLING NOTE HOLDER FAILS
TO APPROVE OR DISAPPROVE THE ENCLOSED ACTION WITHIN TEN (10) BUSINESS DAYS (OR, IN CONNECTION WITH AN ACCEPTABLE INSURANCE DEFAULT,
THIRTY (30) DAYS), SUCH ACTION MAY BE DEEMED APPROVED”) together with any information requested by the Controlling Note Holder
as may be necessary in the reasonable judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration
of such ten (10) Business Day period (or, in connection with an Acceptable Insurance Default, thirty (30) day period), such Major
Decision shall be deemed to have been approved by the Controlling Note Holder.

 

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

 

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

 

Section 7.         
Appointment of Special Servicer. Subject to the terms of, and conditions and requirements set forth in, the Lead
Securitization Servicing Agreement, the Controlling Note Holder (or its Controlling Note Holder Representative) shall have the
right at any time and from time to time, with or without cause, to replace the Special Servicer then acting

 

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with respect to the
Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or its
Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to the other Note
Holder, the Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing Agreement
a written notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization
Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Lead Securitization
Servicing Agreement) and delivering to each Non-Lead Securitization Note Holder a Rating Agency Confirmation with respect to any
rated securities issued in a Non-Lead Securitization, in each case if applicable. The Controlling Note Holder shall be solely responsible
for any expenses incurred in connection with any such replacement without cause. The Controlling Note Holder shall notify the other
parties hereto of its termination of the then currently serving Special Servicer and its appointment of a replacement Special Servicer
in accordance with this Section 7. If the Controlling Note Holder has not appointed a Special Servicer with respect to the
Mortgage Loan as of the consummation of the securitization under the Lead Securitization Servicing Agreement, then the initial
Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as the initial Special Servicer but this
shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate a replacement
Special Servicer for the Mortgage Loan as aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred
that affects a Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the right to direct the Trustee (or at
any time that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling Note Holder) to terminate the
Special Servicer under the Lead Securitization Servicing Agreement (or at any time that the Mortgage Loan is no longer subject
to the provisions of the Lead Securitization Servicing Agreement, the successor servicing agreement pursuant to which the Mortgage
Loan is being serviced) solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Lead Securitization
Servicing Agreement (or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing
Agreement, the successor servicing agreement pursuant to which the Mortgage Loan is being serviced). The Controlling Note Holder
and the Non-Controlling Note Holders acknowledge and agree that any successor special servicer appointed to replace the Special
Servicer with respect to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot
at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling
Note Holder. The Non-Controlling Note Holder that directs the Trustee (or at any time that the Mortgage Loan is no longer included
in a Securitization Trust, the Controlling Note Holder) to terminate the Special Servicer shall be solely responsible for reimbursing
the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable
time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from
amounts on deposit in the Certificate Account under the Lead Securitization Servicing Agreement.

 

Section 8.         
Payment Procedure.

 

(a)       The Lead Securitization Note Holder, in accordance with the priorities set forth in Section 3 and subject to
the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the
Notes into the Serviced Whole Loan Custodial Account pursuant to and in accordance with the Lead Securitization

 

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Servicing Agreement.
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such amounts to the applicable
account within two Business Days after receipt of properly identified funds by the Lead Securitization Note Holder (or the Master
Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower. The Lead Securitization Servicing Agreement shall
provide that all amounts on deposit in the Serviced Whole Loan Custodial Account on a Remittance Date allocable under this Agreement
to a Non-Lead Securitization Note Holder shall be deposited or credited on the Remittance Date for such Non-Lead Securitization
by wire transfer of immediately available funds to an account specified by such Non-Lead Securitization Note Holder.

 

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

 

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

 

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

 

Section 9.         
Limitation on Liability of the Note Holders. Each Note Holder shall have no liability to any other Note Holder with
respect to its Note 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.

 

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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 and the express terms of this Agreement and the Lead Securitization Servicing Agreement.

 

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

 

Section 11.         Representations of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance
of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is
the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance with its terms,
except as such

 

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enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly organized,
validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its business. Each
Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to
such Note Holder’s actual knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental
agency or body, if any, required for the execution, delivery and performance of this Agreement by such Note Holder have been obtained
or made and (c) to such Note Holder’s actual knowledge, there is no pending action, suit or proceeding, arbitration
or governmental investigation against such Note Holder, an adverse outcome of which would materially and adversely affect its performance
under this Agreement.

 

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

 

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

 

Section 14.          Sale of the Notes.

 

(a)       Except with the consents contemplated by the second following sentence, each Note Holder agrees that it will not sell, assign,
transfer, pledge, syndicate, hypothecate, contribute, encumber or otherwise dispose of all or any portion of its respective Note
(a “Transfer”) except to a Qualified Institutional Lender. Promptly after the Transfer, each non-transferring
Note Holder shall be provided with (x) a representation from a transferee or the applicable Note Holder certifying that such
transferee is a Qualified Institutional Lender (except in the case of a Transfer in accordance with the immediately following sentence)
and (y) a copy of the assignment and assumption agreement referred to in Section 15. If a Note Holder intends

 

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to Transfer its respective Note, or any portion thereof, to an entity that is not a Qualified Institutional Lender, it must first
obtain the written consent of each non-transferring Note Holder or, if such non-transferring Note Holder’s Note is held in
a Securitization Trust, obtain a Rating Agency Confirmation from each of the applicable engaged Rating Agencies for such Securitization
Trust. Notwithstanding the foregoing, without each non-transferring Note Holder’s prior written consent (which will not be
unreasonably withheld), and, if such non-transferring Note Holder’s Note is held in a Securitization Trust, without a Rating
Agency Confirmation from each of the applicable engaged Rating Agencies for such Securitization, no Note Holder shall Transfer
all or any portion of its Note (or a participation interest in such Note) to the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. The
transferring Note Holder agrees that it shall pay the expenses of each non-transferring Note Holder (including all expenses of
the Master Servicer, the Special Servicer and the Trustee) and all expenses relating to obtaining Rating Agency Confirmation in
connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without receipt of Rating
Agency Confirmation and without the need to obtain the consent of the other Note Holders or any other Person, to Transfer 49% or
less (in the aggregate) of its beneficial interest in a Note. None of the provisions of this Section 14(a) shall apply in
the case of (1) a sale of all of the Notes together, in accordance with the terms and conditions of the Lead Securitization Servicing
Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions of the Lead Securitization Servicing
Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, to a single
member limited liability or limited partnership, 100% of the equity interest in which is owned directly or indirectly, through
one or more single member limited liability companies or limited partnerships, by the Lead Securitization Trust.

 

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

 

(c)       Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent (or higher)
rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions set forth
in this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any
person which Controls such Note that is secured by its Note 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

 

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

 

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

 

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Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions
are satisfied:

 

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

 

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

 

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

 

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

 

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

 

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

 

In connection with any
Transfer of a Note (but excluding any Note Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment
and assumption agreement (unless the transferee is a Securitization Trust and the related pooling and servicing agreement
requires the parties thereto to comply with this Agreement), whereby such transferee assumes all of the obligations of the applicable
Note Holder hereunder with respect to such Note thereafter accruing and agrees to be bound by the terms of this Agreement, including
the applicable restriction on Transfers set forth in Section 14, from and after the date of such assignment. No transfer
of a Note may be made unless it is registered on the Note Register, and the Agent shall not recognize any attempted or purported
transfer of any Note in violation of the

 

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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
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.

 

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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 obtaining a Rating Agency Confirmation from each Rating Agency then rating any securities
of any Securitization (subject to the provisions of each Securitization Servicing Agreement addressing non-responsive Rating Agencies);
provided that no such Rating Agency Confirmation shall be required in connection with a modification (i) to cure any ambiguity,
to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the
Lead Securitization Servicing Agreement, or (ii) to make other provisions with respect to matters or questions arising under this
Agreement, which shall not be inconsistent with the provisions of this Agreement or (iii) if and to the extent the it would be
deemed given or not required pursuant to the definition of Rating Agency Confirmation in the Lead Securitization Servicing Agreement
and/or any Non-Lead Securitization Servicing Agreement, as applicable.

 

Section 19.        Statement of Intent. The Agent and each Initial Note Holder intend that the Notes be classified and maintained as
a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning
of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It
is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool”
or association taxable as a corporation among the parties.

 

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

 

Section 21.         Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document
Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

 

Section 22.         Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference
only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration
in the construction of this Agreement.

 

Section 23.         Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws,
such 

 

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

 

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

 

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

 

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

 

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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), Form W-8BEN or Form W-8BEN-E, or
successor forms, as may be required from time to time, duly executed by such Note Holder, as evidence of such Note Holder’s
exemption from the withholding of United States tax with respect thereto. The Lead Securitization Note Holder shall not be obligated
to make any payment hereunder with respect to a Non-Lead Securitization Note or otherwise until the related Non-Lead Securitization
Note Holder shall have furnished to the Lead Securitization Note Holder the above required forms, certificates, statements or documents.

 

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

 

Section 27.         Cooperation in Securitization.

 

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

 

    39 

    

    

 

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

 

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

 

Section 28.         Notices. All notices required hereunder shall be given by (i) facsimile transmission (during business hours)
if the sender on the same day sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid),
(ii) reputable overnight delivery service (charges prepaid) or (iii) certified United States mail, postage prepaid return
receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit 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.

 

    40 

    

    

 

Section 29.         Broker. Each Note Holder represents to each other that no broker was responsible for bringing about this transaction.

 

Section 30.         Certain Matters Affecting the Agent.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    41 

    

    

 

Section 32.         Resizing. Notwithstanding any other provision of this Agreement, for so long as CFI or an Affiliate of CFI (an “Original
Entity”) is the owner of a Non-Lead Securitization Note (the “Owned Note”), such Original Entity shall
have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and
restated notes or additional notes (in either case, “New Notes”) reallocating the principal of the Owned Note
to such New Notes; or severing the Owned Note into one or more further “component” notes in the aggregate principal
amount equal to the then outstanding principal balance of the Owned Note; provided that (i) the aggregate principal balance
of all outstanding New Notes following such amendments is no greater than the aggregate principal of the Owned Note prior to such
amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii)
all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject
to the terms of this Agreement, (iv) the Original Entity holding the New Notes shall notify the Lead Securitization Note Holder,
the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified allocations
and principal amounts, and (v) the execution of such amendments and New Notes does not violate the Servicing Standard. If the Lead
Securitization Note Holder so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes) shall
execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified. Except for the foregoing
reallocation and for modifications pursuant to the Lead Securitization Servicing Agreement (as discussed in Section 5),
no Note may be modified or amended without the consent of its holder and the consent of the holder of the other Note. In connection
with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through (iv),
as certified by the Original Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized
and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders,
as applicable, solely for the purpose of reflecting such reallocation of principal.

 

[SIGNATURE PAGE FOLLOWS]

 

    42 

    

    

 

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

 

	 	KEYBANK NATIONAL ASSOCIATION, as Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Agent
	 	 	 
	 	By:	/s/ Mary Ann Gripka
	 	 	Name: Mary Ann Gripka
	 	 	Title:

 

(Signature Page
- Co-Lender Agreement)

 

     

    

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

Description of Mortgage Loan

 

	Mortgage Loan Borrower:	ALEX PARK SOUTH LLC, a Delaware limited liability company
	Date of Mortgage Loan:	July 31, 2018
	Date of Notes:	Dated September 24, 2018, effective as of July 31, 2018
	Original Principal Amount of Mortgage Loan:	$42,900,000.00.
	Principal Amount of Mortgage Loan as of the date hereof:	$42,900,000.00.
	Initial Note A-1 Principal Balance:	$28,000,000.00
	Initial Note A-2 Principal Balance:	$14,900,000.00
	Location of Mortgaged Property:	210, 214, 218-224 Alexander Street and 330-350 Monroe Avenue, Rochester, New York 14607
	Initial Maturity Date:	August 1, 2028

 

    Exhibit A-1

    

    

 

EXHIBIT B

 

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

 

KeyBank National Association 

11501 Outlook Street, Suite 300 

Overland Park, Kansas 66211 

Facsimile No.: 877-379-1625 

Attn: Loan Servicing

with a copy to:

Daniel Flanigan, Esq. 

Polsinelli 

900 West 48th Place, Suite 900 

Kansas City, Missouri 64112 

Facsimile No.: 816-753-1536

 

    Exhibit B-1

    

    

 

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 Advisors, LLC 

22.        Rialto Capital Management, LLC 

23.        Rockpoint Group 

24.        Starwood Capital/Starwood Financial Trust 

25.        Torchlight Investors 

26.        Walton Street Capital, LLC 

27.        Westbrook Partners 

28.        WestRiver Capital 

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

 

    Exhibit C-1

    

    

 

SCHEDULE I 

 

The Lead Securitization
Servicing Agreement shall provide that:

 

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

 

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

 

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

 

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

 

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

 

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

 

    C-1

    

    

 

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

 

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

 

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

 

(ix)         with respect to any Non-Lead Securitization that is subject to following reporting requirements under the Securities Act
of 1933, as amended, the Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation AB, (a) the Master
Servicer, any primary servicer, the Special Servicer, the Trustee and the certificate administrator or other party acting as custodian
for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer and servicing function
participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged by it to deliver; provided
that such party shall only be required to use commercially reasonable efforts to cause an Initial Sub-Servicer to deliver), in
a timely manner (i) the reports, certifications, compliance statements, accountants’ assessments and attestations, information
to be included in reports (including, without limitation, Form ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request,
any other materials specified in each of the Non-Lead Securitization Servicing Agreements, in the case of clauses (i) and
(ii), as the Non-Lead Depositor or the Non-Lead Trustee to the applicable Securitization reasonably believes, in good faith,
are required in order for the Non-Lead Depositor or the Non-Lead Trustee to comply with their obligations under the Securities
Act of 1933, the Securities Exchange Act of 1934 (including Rule 15Ga-1, as amended) and Regulation AB, and (b) without limiting
the generality of the foregoing (x) the Trustee or Certificate Administrator, as applicable, shall, upon request, provide or cause
to be provided with notice in a timely manner to each Non-Lead Depositor and Non-Lead Trustee for any Non-Lead Securitization a
copy of the Lead Securitization Servicing Agreement and (y)

 

    I-2

    

    

 

the Master Servicer and Special Servicer shall, upon reasonable prior
written request, and subject to the right of the Master Servicer or the Special Servicer, as the case may be, to review and approve
such disclosure materials, permit a holder of a related Non-Lead Securitization Note to use such party’s description contained
in the Lead Securitization prospectus (updated as appropriate by the Master Servicer or Special Servicer, as applicable, at the
cost of the Non-Lead Depositor) for inclusion in the disclosure materials relating to any securitization of a Non-Lead Securitization
Note and (z) the Master Servicer and Special Servicer, shall provide indemnification agreements, opinions and Regulation AB compliance
letters as were or are being delivered with respect to the Lead Securitization (in each case, at the cost of the Non-Lead Depositor).
The Master Servicer and the Special Servicer shall each be required to provide certification and indemnification to any Certifying
Person with respect to any applicable Sarbanes-Oxley Certification (or analogous terms);

 

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

 

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

 

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

 

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

 

    I-3

    

    

 

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

 

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

 

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

 

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

 

    I-4Exhibit 4.23

 

EXECUTION
VERSION 

 

AGREEMENT
BETWEEN NOTEHOLDERS

 

Dated
as of April 27, 2018

 

by
and between

 

BANK
OF AMERICA, N.A.

(Initial Note A-1-1 Holder)

 

and

 

BANK
OF AMERICA, N.A.

(Initial Note A-1-2 Holder)

 

and

 

BARCLAYS
BANK PLC

(Initial Note A-2-1 Holder)

 

and

 

BARCLAYS
BANK PLC

(Initial Note A-2-2 Holder)

 

and

 

BARCLAYS
BANK PLC

(Initial Note A-2-3 Holder)

 

and

 

BANK
OF AMERICA, N.A.

(Initial Note B-1 Holder)

 

and

 

BARCLAYS
BANK PLC

(Initial Note B-2 Holder)

 

Fair
Oaks Mall 

 

    	 

     

    

 

THIS
AGREEMENT BETWEEN NOTEHOLDERS (“Agreement”), dated as of April 27, 2018, by and between BANK OF AMERICA,
N.A. (“Bank of America” and, together with its successors and assigns in interest, in its capacity as initial
owner of Note A-1-1, the “Initial Note A-1-1 Holder”, in its capacity as initial owner of Note A-1-2, the “Initial
Note A-1-2 Holder”, and in its capacity as the initial agent, the “Initial Agent”), BARCLAYS BANK
PLC (“Barclays” and, together with its successors and assigns in interest, in its capacity as initial owner
of Note A-2-1, the “Initial Note A-2-1 Holder”, in its capacity as initial owner of Note A-2-2, the “Initial
Note A-2-2 Holder”, and in its capacity as initial owner of Note A-2-3, the “Initial Note A-2-3 Holder”),
Bank of America and, together with its successors and assigns in interest, in its capacity as initial owner of Note B-1 (the “Initial
Note B-1 Holder”), and Barclays and, together with its successors and assigns in interest, in its capacity as initial
owner of Note B-2 (the “Initial Note B-2 Holder”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein) Bank of America and Barclays originated a certain loan described on
the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”)
to Fairfax Company of Virginia, L.L.C., a Delaware limited liability company (the “Mortgage Loan Borrower”),
which was evidenced, inter alia, by (i) one promissory note in the original principal amount of $85,000,000 (“Note
A-1-1”) made by the Mortgage Loan Borrower in favor of the Initial Note A-1-1 Holder, (ii) one promissory note in the
original principal amount of $28,750,000 (“Note A-1-2”) made by the Mortgage Loan Borrower in favor of the
Initial Note A-1-2 Holder, (iii) one promissory note in the original principal amount of $20,000,000 (“Note A-2-1”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-2-1 Holder, (iv) one promissory note in the original principal
amount of $20,625,000 (“Note A-2-2”) made by the Mortgage Loan Borrower in favor of the Initial Note A-2-2
Holder, (v) one promissory note in the original principal amount of $20,625,000 (“Note A-2-3”) made by the
Mortgage Loan Borrower in favor of the Initial Note A-2-3 Holder, (vi) one promissory note in the original principal amount of
$55,250,000 (“Note B-1”) made by the Mortgage Loan Borrower in favor of the Initial Note B-1 Holder, and (vii)
one promissory note in the original principal amount of $29,750,000 (“Note B-2”, and together with Note A-1-1,
Note A-1-2, Note A-2-1, Note A-2-2, Note A-2-3 and Note B-1, the “Notes”) made by the Mortgage Loan Borrower
in favor of the Initial Note B-2 Holder, and secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”)
on certain real property located as described on the Mortgage Loan Schedule (the “Mortgaged Property”); and

 

WHEREAS,
the parties hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns,
shall hold Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2, Note A-2-3, Note B-1 and Note B-2;

 

    	 

     

    

 

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

 

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

 

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

 

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable out-of-pocket expenses incurred by
and reimbursable to any Servicer, Trustee, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating
solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the
terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead
Securitization Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is
payable solely during the period that the Mortgage Loan is a Specially Serviced Loan) shall not exceed an amount equal to 0.25%
per annum of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent)
shall not exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition
of the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment, and (v) any such workout fee or liquidation fees shall be excluded if Note A-1-1,
Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3 are purchased within ninety (90) days of the date on which the first Noteholder
Purchase Notice was given by a Subordinate Noteholder.

 

“Advance
Interest Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement.

 

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
(but for purposes hereof shall be limited to Advances in respect of the Mortgage Loan or the Mortgaged Property).

 

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

 

    2

    

    

 

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

 

“Agent
Office” shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement
is the office of the Initial Note A-1-1 Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence
with the Agent should be directed. The Agent may change the address of its designated office by notice to the Noteholders.

 

“Agreement”
shall mean this Agreement between Noteholders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

 

“Annaly
Noteholder” shall mean Annaly CRE LLC, a Delaware limited liability company, together with its successors and permitted
assigns.

 

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

 

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

 

“Asset
Representations Reviewer” shall mean the asset representations reviewer appointed pursuant to the Lead Securitization.

 

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

 

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

 

“Balloon
Payment” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

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

 

“BNK10
PSA” shall mean the pooling and servicing agreement for the BANK 2018-BNK10 transaction, dated as of February 1, 2018,
between Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National Association, as general master
servicer, Torchlight Loan Services, LLC, as general special servicer, National Cooperative Bank, N.A., as NCB master servicer
and as NCB special servicer, Wells Fargo Bank, National Association, as certificate administrator, Wilmington Trust, National
Association, as trustee, and Pentalpha Surveillance LLC, as operating advisor and asset representations reviewer, subject to such
changes required by the mortgage loan sellers in connection with the execution of the Servicing Agreement.

 

    3

    

    

 

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

 

“C43
PSA” shall mean the pooling and servicing agreement for the Wells Fargo Commercial Mortgage Trust 2018-C43 transaction,
dated as of March 1, 2018, between Wells Fargo Commercial Mortgage Securities, Inc., as depositor, Wells Fargo Bank, National
Association, as master servicer, Midland Loan Services, a Division of PNC Bank, National Association, as special servicer, Wells
Fargo Bank, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge
Lender Services LLC, as operating advisor and as asset representations reviewer, subject to such changes required by the mortgage
loan sellers in connection with the execution of the Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Commission”
means the U.S. Securities and Exchange Commission or any successor thereto.

 

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

 

“Conduit”
shall have the meaning assigned to such term in Section 19(f).

 

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 19(f).

 

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 19(f).

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an
entity, whether through the ability to exercise voting power, by contract or otherwise.

 

“Control
Appraisal Period” means a Note B Control Appraisal Period.

 

    4

    

    

 

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

 

“Controlling
Noteholder” shall mean, as of any date of determination, (i) the Controlling Noteholder Representative designated by
the holders of Note B (which designation may be made by a majority of such holders (by Principal Balance) or in such other manner
as may be agreed among such holders) and, if no Controlling Noteholder Representative designation is then in effect, the holders
of a majority of Note B (by Principal Balance), unless, in each case, a Note B Control Appraisal Period has occurred and is continuing,
and (ii) if and for so long as a Note B Control Appraisal Period has occurred and is continuing, the Note A-1-1 Holder; provided
that at any time the Note A-1-1 Holder is the Controlling Noteholder and Note A-1-1 is included in the Note A-1-1 Securitization,
references to the “Controlling Noteholder” herein shall mean the Controlling Class Representative or any other party
assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided
in the Servicing Agreement; and provided further that, if the Note B Holders would be the Controlling Noteholder pursuant
to the terms hereof, but any interest in Note B-1 or Note B-2 is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party, or the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the
rights of the Controlling Noteholder in respect of Note B-1 or Note B-2, then a Note B Control Appraisal Period shall be deemed
to have occurred. The holder of a majority of Note B is the Controlling Noteholder as of the Closing Date.

 

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

 

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

 

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

 

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

 

“Defaulted
Mortgage Loan Notice” shall have the meaning assigned to such term in Section 12.

 

“Defaulted
Mortgage Loan Purchase Price” shall mean, in connection with the purchase of Note A-1-1, Note A-1-2, Note A-2-1, Note
A-2-2 and Note A-2-3 by the Note B Holders, the sum, without duplication, of each of the following to the extent that such amounts
have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this Agreement:

 

(a)
the aggregate Principal Balance of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3, (b) accrued and unpaid interest,
on each of the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2
Principal Balance and the Note A-2-3 Principal Balance at the Note A 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 to the Note A-1-1 Holder, the
Note

 

    5

    

    

 

A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, other than Prepayment Premiums, default
interest, late fees, exit fees and any other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default
interest, late fees, exit fees and any other similar fees, (d) without duplication of amounts under clause (c), any unreimbursed
Advances and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation, Property Protection
Advances payable or reimbursable to any Servicer, and special servicing fees incurred by or on behalf of the Note A-1-1 Holder,
the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note A-2-3 Holder; provided that such special servicing
fees shall not include liquidation or workout fees if the Mortgage Loan is purchased within ninety (90) days after delivery of
the first Defaulted Mortgage Loan Notice or the notice referenced in the last sentence of Section 12), (e) without duplication
of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect to an Advance made by or on behalf
of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note A-2-3 Holder, (f) (x)
if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser or (y) if the Mortgage Loan is purchased
more than ninety (90) days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation
or workout fees payable under the Servicing Agreement with respect to the Mortgage Loan or (z) if the Mortgage Loan is purchased
more than 120 days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any default interest
on each of the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2
Principal Balance and the Note A-2-3 Principal Balance at the Note A Rate from the date as to which interest was last paid in
full by Mortgage Loan Borrower and (g) any Recovered Costs not reimbursed previously to the Note A-1-1 Holder, the Note A-1-2
Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note A-2-3 Holder pursuant to this Agreement. Notwithstanding the
foregoing, if the purchasing Noteholder is purchasing from the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party,
the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (d) through (f)
of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining the Defaulted Mortgage
Loan Purchase Price, interest will be deemed to continue to accrue on each of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and
Note A-2-3 at the Note A Default Rate as if the Mortgage Loan were not so converted. In no event shall the Defaulted Mortgage
Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement.

 

“Defaulted
Note Purchase Date” shall have the meaning assigned to such term in Section 12.

 

“Default
Interest” shall mean interest on the Mortgage Loan at a rate per annum equal to the Note Default Interest Spread.

 

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

 

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

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

    6

    

    

 

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

 

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

 

“Foreclosure
Property” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used
in the Servicing Agreement.

 

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

 

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

 

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

 

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

 

“Initial
Note A-1-2 Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial
Note A-2-1 Holder” shall have the meaning assigned to such term in the recitals.

 

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

 

“Initial
Note A-2-3 Holder” shall have the meaning assigned to such term in the recitals.

 

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

 

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

 

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

 

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

 

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

 

“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

 

    7

    

    

 

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

 

“Insurance
and Condemnation Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

 

“Interested
Person” shall mean the Depositor, a Non-Lead Depositor, the Master Servicer, the Non-Lead Master Servicer, the Special
Servicer, the Non-Lead Special Servicer, the Non-Lead Trustee, any Mortgage Loan Borrower, any manager of any Mortgaged Property,
any independent contractor engaged by any of the foregoing parties, the Operating Advisor, the Non-Lead Operating Advisor, the
Controlling Noteholder, the Controlling Noteholder Representative, a Non-Controlling Noteholder, the Controlling Class Representative,
any holder of a related mezzanine loan, or any known Affiliate of any such party described above.

 

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

 

“KBRA”
shall mean Kroll Bond Rating Agency, Inc., or its successor in interest.

 

“Lead
Securitization” shall mean (a) during the period from and after the Securitization Date and prior to the Note A-1-1
Securitization Date, the related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note
A-1-1 Securitization Date, the Note A-1-1 Securitization.

 

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

 

“Lead
Securitization Note” shall mean (a) during the period from and after the Securitization Date and prior to the Note A-1-1
Securitization Date, the related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note
A-1-1 Securitization Date, Note A-1-1.

 

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

 

    8

    

    

 

“Lead
Securitization Servicing Agreement” shall mean the (i) during the period from and after the Securitization Date and
prior to the Note A-1-1 Securitization Date, the related pooling and servicing agreement for the Securitization of the first Note
or portion thereof, and (ii) on and after the Note A-1-1 Securitization Date, Note A-1-1 PSA.

 

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

 

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

 

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

 

“Major
Decisions” shall mean:

 

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

 

(ii)       any
modification, consent to a modification or waiver of any monetary term or material non-monetary term (including, without limitation,
the timing of payments, acceptance of discounted payoffs and, except as otherwise permitted in the Mortgage Loan Documents, acceptance
of prepayments of all or any portion of the Loan,) of the Mortgage Loan Documents or any extension of the maturity date of the
Mortgage Loan;

 

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

 

(iv)     any
sale of the Mortgage Loan (when it is a Specially Serviced Loan) or Foreclosure Property for less than the applicable Purchase
Price (as defined in the Servicing Agreement);

 

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

 

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

 

    9

    

    

 

(vii)    any
waiver of or any determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause with respect
to the Mortgage Loan or any consent to such a waiver or any consent to a transfer of all or any portion of the Mortgaged Property
or of any direct or indirect legal or beneficial interests in the Mortgage Loan Borrower;

 

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

 

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

 

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

 

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

 

(xii)     any
approval or disapproval of a proposed assumption of the Mortgage Loan, and any approval of the related documentation, in each
case pursuant to Section 5.2.11 of the Mortgage Loan Agreement;

 

(xiii)    any
determination of an Acceptable Insurance Default;

 

(xiv)    any
determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances where the Master
Servicer determines, in its reasonable business judgment, exercised in accordance with the Servicing Standard, that a default
consisting of a failure to make a payment of principal or interest is reasonably foreseeable or there is a significant risk of
such default or any other default that is likely to impair the use or marketability of the Mortgaged Properties or such other
analogous event described in the definition of Servicing Transfer Event;

 

    10

    

    

 

(xv)     the
execution, termination or renewal of any lease, to the extent lender approval is required under the Mortgage Loan Documents, including
entering into any subordination, non-disturbance and attornment agreement;

 

(xvi)    any
adoption, implementation or modification of a budget submitted by the Mortgage Loan Borrower to the extent lender approval is
required under the Mortgage Loan Documents;

 

(xvii)   the
voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Mortgage Loan Borrower;

 

(xviii)  the
release of a guarantor under the Mortgage Loan Documents or the approval of any replacement or additional guarantor under the
Mortgage Loan Documents;

 

(xix)     the
approval of any property improvement plans or other material alterations proposed for the Mortgaged Property;

 

(xx)      subject
to the REMIC provisions of the Code, any determination regarding the application of casualty or condemnation proceeds to restoration
of the Mortgaged Property or to repayment of the Mortgage Loan;

 

(xxi)    any
proposed modification or waiver of the insurance requirements set forth in the Mortgage Loan Documents, other than pursuant to
the specific terms of such Mortgage Loan Documents and for which there is no lender discretion;

 

(xxii)   the
settlement of any insurance claim or condemnation proceeding for a cash payment that will be applied to the principal amount of
the Mortgage Loan, if such settlement would result in a shortfall of amounts due and payable to the lender;

 

(xxiii)   any
waiver of amounts required to be deposited into escrow reserve accounts under the Mortgage Loan Documents; any amendment to any
of the Mortgage Loan Documents that would modify the amount required to be deposited into such accounts (other than changes in
the ordinary course of business of the amounts required to be deposited into such escrow or reserve accounts for real estate taxes,
and/or insurance premiums);

 

(xxiv)   the
approval of any of the conditions precedent to the defeasance of the Mortgage Loan set forth in the Mortgage Loan Documents (if
the lender is required to approve such conditions under the Mortgage Loan Documents); or

 

(xxv)    any
filing of a bankruptcy or similar action against the Mortgage Loan Borrower or Guarantor or the election of any action in a bankruptcy
or Insolvency Proceeding to seek relief from the automatic stay or dismissal of a bankruptcy filing or voting for or opposing
a plan of reorganization, seeking or opposing an order for adequate protection, adequate assurance, a § 363 sale, order

 

    11

    

    

 

shortening
time or similar motion of procedure in an Insolvency Proceeding or making an § 1111(b)(2) election on behalf of the Noteholders;

 

provided,
however that upon the occurrence and during the continuance of a Note B Control Appraisal Period, “Major Decision”
shall have the meaning given to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Master
Servicer” shall mean the master servicer appointed pursuant to the Servicing Agreement.

 

“Master
Servicer Remittance Date” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

 

“Model
PSA” shall mean, prior to the Note A-1-1 Securitization, the C43 PSA, and from and after the Note A-1-1 Securitization,
the BNK10 PSA.

 

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

 

“Monetary
Default Notice” shall have the meaning assigned to such term in Section 11(a).

 

“Monthly
Payment Date” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

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

 

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

 

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

 

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

 

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of April 27, 2018, between the Mortgage Loan Borrower and Lender,
as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

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

 

“Mortgage
Loan Borrower Related Party” shall have the meaning assigned to such term in Section 18.

 

“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 Rate” shall mean, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

 

    12

    

    

 

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

 

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

 

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

 

“Non-Controlling
A Noteholder” shall mean a Note A Holder that is not the Controlling Noteholder.

 

“Non-Controlling
Note” shall mean the respective Note held by a Non-Controlling Noteholder.

 

“Non-Controlling
Noteholder” shall mean a Noteholder that is not the Controlling Noteholder; provided that, if at any time a Non-Controlling
Note (or, at any time a Non-Controlling Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative)
is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, no Person shall be entitled to exercise the rights
of such Non-Controlling Noteholder with respect to such Non-Controlling Note.

 

“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 Noteholders to make such payments free of any obligation or liability for withholding.

 

“Non-Lead
Asset Representations Reviewer” shall mean the party acting as “asset representations reviewer” (within
the meaning of Item 1101(m) of Regulation AB) under a Non-Lead Securitization Servicing Agreement.

 

“Non-Lead
Certificate Administrator” shall mean the certificate administrator or such other analogous term under a Non-Lead Securitization
Servicing Agreement.

 

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

 

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

 

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

 

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

 

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

 

    13

    

    

 

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

 

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

 

“Non-Lead
Securitization Determination Date” shall mean the “determination date” (or any term substantially similar
thereto) as defined in a Non-Lead Securitization Servicing Agreement.

 

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

 

“Non-Lead
Securitization Noteholder” shall mean each Note A Holder other than the Lead Securitization Noteholder.

 

“Non-Lead
Securitization Servicing Agreement” shall mean from and after the date a Non-Lead Securitization Note is included in
a Non-Lead Securitization, the pooling and servicing agreement entered into in connection with such Non-Lead Securitization.

 

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization
Servicing Agreement or their duly appointed representative.

 

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

 

“Non-Lead
Special Servicer” shall mean the applicable “special servicer” under a Non-Lead Securitization Servicing
Agreement.

 

“Non-Lead
Sponsor” shall mean the then-current Non-Lead Securitization Noteholder (immediately prior to the related Non-Lead Securitization)
in its capacity as the sponsor with respect to the related Non-Lead Securitization Note in connection with such Non-Lead Securitization.

 

“Non-Lead
Trustee” shall mean the applicable “trustee” under a Non-Lead Securitization Servicing Agreement.

 

“Non-Monetary
Default” shall have the meaning assigned to such term in Section 11(d).

 

“Non-Monetary
Default Cure Period” shall have the meaning assigned to such term in Section 11(d).

 

“Non-Monetary
Default Notice” shall have the meaning assigned to such term in Section 11(d).

 

    14

    

    

 

“Nonrecoverable
Property Protection Advance” shall have the meaning assigned to the term “Nonrecoverable Servicing Advance”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Note”
shall mean any of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2, Note A-2-3, Note B-1 and Note B-2, as applicable.

 

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

 

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

 

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

 

“Note
A Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note
A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance
and the Note A-2-3 Principal Balance, and the denominator of which is the sum of the Note A-1-1 Principal Balance, the Note A-1-2
Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance, the Note A-2-3 Principal Balance, the Note
B-1 Principal Balance and the Note B-2 Principal Balance.

 

“Note
A Rate” shall mean the Note A Rate set forth on the Mortgage Loan Schedule.

 

“Note
A Relative Spread” shall mean the ratio of the Note A Rate to the Mortgage Loan Rate.

 

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

 

“Note
A-1-1 Holder” shall mean the Initial Note A-1-1 Holder, or any subsequent holder of Note A-1-1, together with its successors
and assigns.

 

“Note
A-1-1 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-1-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-1
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A-1-1 PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of
Note A-1-1, by and between (a) the Trustee, (b) the Master Servicer, (c) the Special Servicer, (d) the Depositor, (e) the Certificate
Administrator, (f) the Operating Advisor and (g) the Asset Representations Reviewer.

 

“Note
A-1-1 Securitization” shall mean the sale by the Note A-1-1 Holder of all of such Note (or the first securitization
of any portion of such Note, if applicable) to the Depositor,

 

    15

    

    

 

who will in turn include such portion of such Note as part of a
securitization of one or more mortgage loans.

 

“Note
A-1-1 Securitization Date” shall mean the effective date on which the Securitization of Note A-1-1 or portion thereof
is consummated.

 

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

 

“Note
A-1-2” shall have the meaning assigned to such term in the recitals.

 

“Note
A-1-2 Holder” shall mean the Initial Note A-1-2 Holder, or any subsequent holder of Note A-1-2, together with its successors
and assigns.

 

“Note
A-1-2 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-1-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-2
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A-1-2 PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of
Note A-1-2.

 

“Note
A-1-2 Securitization” shall mean the sale by the Note A-1-2 Holder of all of such Note (or the first securitization
of any portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as
part of a securitization of one or more mortgage loans.

 

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

 

“Note
A-2-1” shall have the meaning assigned to such term in the recitals.

 

“Note
A-2-1 Holder” shall mean the Initial Note A-2-1 Holder, or any subsequent holder of Note A-2-1, together with its successors
and assigns.

 

“Note
A-2-1 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-2-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-1
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A-2-1 PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of
Note A-2-1.

 

“Note
A-2-1 Securitization” shall mean the sale by the Note A-2-1 Holder of all of such Note (or the first securitization
of any portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as
part of a securitization of one or more mortgage loans.

 

    16

    

    

 

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

 

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

 

“Note
A-2-2 Holder” shall mean the Initial Note A-2-2 Holder, or any subsequent holder of Note A-2-2, together with its successors
and assigns.

 

“Note
A-2-2 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-2-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-2
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

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

 

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

 

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

 

“Note
A-2-3” shall have the meaning assigned to such term in the recitals.

 

“Note
A-2-3 Holder” shall mean the Initial Note A-2-3 Holder, or any subsequent holder of Note A-2-3, together with its successors
and assigns.

 

“Note
A-2-3 Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note
A-2-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-3
Holder or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note
A-2-3 PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of
Note A-2-3.

 

“Note
A-2-3 Securitization” shall mean the sale by the Note A-2-3 Holder of all of such Note (or the first securitization
of any portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as
part of a securitization of one or more mortgage loans.

 

“Note
A-2-3 Securitization Trust” shall mean a trust formed pursuant to Note A-2-3 Securitization pursuant to which Note A-2-3
is held.

 

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

 

    17

    

    

 

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

 

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

 

(b)       25%
of the remainder of (i) the sum of the Initial Note B-1 Principal Balance and the Initial Note B-2 Principal Balance less (ii)
any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the Note B-1 Holder and
the Note B-2 Holder on Note B-1 and Note B-2, respectively, after the date of creation of Note B-1 and Note B-2,

 

provided
that a Note B Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note B Holders.

 

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

 

“Note
B Holders” shall mean the Note B-1 Holder and the Note B-2 Holder.

 

“Note
B Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note
B-1 Principal Balance and the Note B-2 Principal Balance and the denominator of which is the sum of the Note A-1-1 Principal Balance,
the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance, the Note A-2-3 Principal
Balance, the Note B-1 Principal Balance and the Note B-2 Principal Balance.

 

“Note
B Principal Balance” shall mean, at any time of determination, the sum of the Note B-1 Principal Balance and the Note
B-2 Principal Balance.

 

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

 

“Note
B Relative Spread” shall mean the ratio of the Note B Rate to the Mortgage Loan Rate.

 

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

 

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

 

“Note
B-1 Principal Balance” shall mean, at any time of determination, the Initial Note B-1 Principal Balance set forth on
the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3,
4 or 5, as applicable.

 

    18

    

    

 

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

 

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

 

“Note
B-2 Principal Balance” shall mean, at any time of determination, the Initial Note B-2 Principal Balance set forth on
the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3,
4 or 5, as applicable.

 

“Note
Default Interest Spread” shall mean a rate per annum equal to four percent (4.0%); provided, however,
that if the weighted average of the Note A Default Rate and the Note B Default Rate would exceed the maximum rate permitted by
applicable law, the Note Default Interest Spread shall equal (i) the rate at which the weighted average of the Note A Default
Rate and the Note B Default Rate equals the maximum rate permitted by applicable law minus (ii) the Mortgage Loan Rate.

 

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

 

“Note
Rate” shall mean any of the Note A Rate and the Note B Rate, as applicable.

 

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

 

“Noteholder”
shall mean any of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-2-3 Holder,
the Note B-1 Holder and the Note B-2 Holder, as applicable.

 

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

 

“Operating
Advisor” shall mean the operating advisor appointed pursuant to the Lead Securitization Servicing Agreement.

 

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

 

“P&I
Advance” shall mean an advance made by a party to a Securitization Servicing Agreement in respect of a delinquent monthly
debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

 

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

 

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

 

    19

    

    

 

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

 

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

 

“Principal
Balance” shall mean any of the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal
Balance, the Note A-2-2 Principal Balance, the Note A-2-3 Principal Balance, the Note B-1 Principal Balance and the Note B-2 Principal
Balance, as applicable.

 

“Property
Protection Advance” shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement
or such other analogous term used in the Servicing Agreement.

 

“Purchased
Note” has the meaning assigned to such term in Section 12.

 

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

 

“Qualified
Institutional Lender” shall mean each of the Initial Noteholders and the Annaly Noteholder (and any Affiliates and subsidiaries
of any of the foregoing entities) and any other Person that is:

 

(a)     an
entity Controlled (as defined below) by, under common Control with or Controlling any Initial Note Holder or the Annaly Noteholder,
or

 

(b)     one
or more of the following:

 

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

 

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

 

(iii)      a
Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns or pledges
its Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a) a securitization
of, (b) the creation of collateralized debt obligations (“CDO”) secured by, or (c) a financing through an “owner
trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided that (1) one or more classes
of securities issued by such Securitization Vehicle is initially rated at least investment grade by each of the Rating Agencies
which assigned a rating to 

 

    20

    

    

 

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

 

(iv)       an
investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $500,000,000, in which (A) the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder,
the Note A-2-3 Holder, the Note B-1 Holder or the Note B-2 Holder, as applicable, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities
referred to in clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member,
or the fund manager responsible for the day-to-day management and operation of such investment vehicle and provided that at least
50% of the equity interests in such investment vehicle are owned, directly or indirectly, by one or more entities that are otherwise
Qualified Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set forth below in
the definition), or

 

(v)       an
entity substantially similar to any of the foregoing, and in the case of any entity referred to in clause (b)(i), (b)(ii),
(b)(iii)(a), (b)(iv)(B) or (b)(v) of this definition, (x) such entity has at least $200,000,000 in capital/statutory
surplus or shareholders’ equity (except with respect to a pension advisory firm, asset manager or similar fiduciary) and
at least $500,000,000 in total assets (in name or under management), and (y) is regularly engaged in the business of making or
owning commercial real estate loans (or interests therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto)
or owning junior CMBS securities or owning or operating commercial real estate properties; provided that, in the case of an entity
described in clause (iv) (B) or clause (iv)(C) above, and in the case of the syndicate of lenders described in clause
(vi) below, the requirements of this clause (y) may be satisfied by (1) a general partner, managing member, or the
fund manager responsible for the day-to-day management and operation of such entity and (2) the agent for such syndicate of lenders,
or

 

    21

    

    

 

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

 

(c)       any
entity Controlled (as defined below) by 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.

 

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

 

“Qualified
Trustee” means (i) a corporation, national bank, national banking association or a trust company, organized and doing
business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers
and to accept the trust conferred, having a combined capital and surplus of at least $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 any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS and (e) KBRA or, (f) if any of such
entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical
rating agency reasonably designated by the Depositor or Non-Lead Depositor to rate the securities issued in connection with the
Securitization of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3, respectively; provided, however,
that, at any time during which any of Note A-1-1 is an asset of the Note A-1-1 Securitization, Note A-1-2 is an asset of the Note
A-1-2 Securitization, Note A-2-1 is an asset of the Note A-2-1 Securitization, Note A-2-2 is an asset of the Note A-2-2 Securitization
or Note A-2-3 is an asset of the Note A-2-3 Securitization, “Rating Agencies” or “Rating Agency” shall
mean with respect to Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3 each and every of those rating agencies that
are engaged by the Depositor or any Non-Lead Depositor from time to time to rate the securities issued in connection with the
Note A-1-1 Securitization, Note A-1-2 Securitization, Note A-2-1 Securitization, Note A-2-2 Securitization or Note A-2-3 Securitization
but excluding any of those rating agencies that do not rate any securities issued in connection with any Securitization of Note
A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3.

 

“Rating
Agency Confirmation” shall mean, after a Securitization, the meaning given thereto or to such other analogous term used
in the Servicing Agreement including any deemed Rating Agency Confirmation.

 

“Recovered
Costs” shall mean any amounts referred to in clauses (i)(d) and/or (i)(e) of the definition of “Defaulted
Mortgage Loan Purchase Price” that, at the time of determination,

 

    22

    

    

 

had been previously paid or reimbursed to any Servicer
from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation,
from collections on or in respect of loans, if any, other than the Mortgage Loan).

 

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

 

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by
the Commission or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each
case as effective from time to time as of the compliance dates specified therein.

 

“Relative
Spread” shall mean any of the Note A Relative Spread or Note B Relative Spread, as the context may require.

 

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning of Section 860D(a) of the Code.

 

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

 

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of either
“CSS3” or “CLLSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer
List as a U.S. Commercial Mortgage Special Servicer, (iii) in the case of Moody’s, such special servicer is acting as special
servicer for one or more loans included in a commercial mortgage-backed securitization that was rated by Moody’s within
the twelve (12) month period prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current
rating on any class of commercial mortgage securities or placed any class of commercial mortgage-backed securities on watch citing
the continuation of such special servicer as special servicer of such commercial mortgage loans, (iv) 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 (v) in the case of DBRS, such special
servicer is currently acting as special servicer for one or more loans included in a commercial mortgage loan securitization that
is rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage-backed
securities or placed any class of commercial mortgage-backed securities on watch citing the continuation of such special servicer
as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior
to the time of determination.

 

    23

    

    

 

“Risk
Retention Requirements” shall mean the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C.
§78o-11), as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 

“Risk
Retention Rules” shall mean the joint final rule that was promulgated to implement the Risk Retention Requirements (which
such joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time,
and subject to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the
Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency,
the Commission and the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by
the staff of any such agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective
from time to time as of the applicable compliance date specified therein.

 

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

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Securitization”
shall mean one or more sales by the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or
the Note A-2-3 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 Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or
Note A-2-3 or portion thereof is consummated.

 

“Securitization
Servicing Agreement” shall mean the Servicing Agreement or the Non-Lead Securitization Servicing Agreement, as the context
may require.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1-1, Note A-1-2, Note A-2-1,
Note A-2-2 or Note A-2-3 is held.

 

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

 

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any
other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage
Loan to become a Specially Serviced Mortgage Loan, or any bankruptcy or insolvency event that constitutes an Event of Default;
provided, however, that unless the Servicer has notice or knowledge of such event at least ten (10) Business Days
prior to the applicable distribution date, distributions will be made sequentially beginning on the subsequent distribution date;
provided, further, that the aforementioned requirement of notice or knowledge will not apply in the case of distribution
of the final proceeds of a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist
to the extent it has been cured (including any cure payment made by the Note B Holders in accordance with Section 11) and
shall not be deemed to

 

    24

    

    

 

exist to the extent the Note B Holders are exercising their cure rights under Section 11 or the
default that led to the occurrence of such Sequential Pay Event has otherwise been cured or waived.

 

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

 

“Servicer
Termination Event” shall have the meaning assigned to such term in the Servicing Agreement or at any time that the Mortgage
Loan is no longer subject to the provisions of the Servicing Agreement, any analogous concept under the servicing agreement pursuant
to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

 

“Servicing
Agreement” shall mean the Lead Securitization Servicing Agreement; provided that in the event that the Lead Securitization
Note is no longer an asset of the trust fund created pursuant to the Lead Securitization Servicing Agreement, the “Servicing
Agreement” shall be determined in accordance with Section 2(j).

 

“Servicing
Fee Rate” shall be the per annum rate at which primary servicing fees are payable in respect of the Mortgage Loan (but
in no event in excess of 0.00250%) per annum) as set forth in the Servicing Agreement. The Servicing Fee Rate shall not reflect
any master servicing fees payable by any Noteholder.

 

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

 

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

 

“Special
Servicer” shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement. The parties
hereby agree that AEGON USA Realty Advisors, LLC will be appointed as the initial Special Servicer under the Note A-1-1 Securitization.

 

“Specially
Serviced Loan” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

 

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

 

“Subordinate
Noteholder” shall mean each of the Note B-1 Holder and the Note B-2 Holder.

 

“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(g).

 

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

 

“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar agreement,
excluding a repurchase financing or a Pledge in accordance with Section 19(e)).

 

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

 

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

 

“Withheld
Amounts” shall have the meaning assigned to such term in Section 3.

 

“Workout”
shall mean any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into
with the Mortgage Loan Borrower in accordance with this Agreement and the Servicing Agreement.

 

Section
2.          Servicing.

 

(a)       Each
Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to this Agreement
and (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A-1-1 Holder (with
copies of any such arrangements provided to the Note B Holders) and (ii) after the Lead Securitization Date, the Servicing Agreement;
provided that the Master Servicer shall not be obligated to advance monthly payments of principal or interest in respect
of the Notes other than the Lead Securitization Note if such principal or interest is not paid by the Mortgage Loan Borrower but
shall be obligated to advance delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of
the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms of the Servicing
Agreement (including a determination of recoverability thereunder). Each Noteholder acknowledges that another Noteholder (including,
in particular, the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder)
may elect, in its sole discretion, to include the related Note in a Securitization and agrees that it will reasonably cooperate
with such other Noteholder, at such other Noteholder’s expense, to effect such Securitization. Subject to the terms and
conditions of this Agreement, each Noteholder hereby irrevocably and unconditionally consents to the appointment of the Master
Servicer, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer and the Trustee under the Servicing
Agreement by the Depositor,

 

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and the appointment of the Special Servicer as the initial Special Servicer under the Servicing Agreement
by the Depositor (subject to replacement by the Controlling Noteholder as provided herein) 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 Servicing Agreement. Each Noteholder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the
Lead Securitization as such Noteholder’s attorney-in-fact to sign any documents reasonably required with respect to the
administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject at all times to the rights
of the Noteholders set forth herein and in the Servicing Agreement). In no event shall the Servicing Agreement require any Servicer
to enforce the rights of any Noteholder against any other Noteholder or limit any Servicer in enforcing the rights of one Noteholder
against any other Noteholder; however, this statement shall not be construed to otherwise limit the rights of one Noteholder with
respect to any other Noteholder. Each Servicer shall be required pursuant to the Servicing Agreement to service the Mortgage Loan
in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Servicing Agreement and applicable law,
and shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

 

(b)       In
no event shall any Subordinate Noteholder be entitled to exercise any rights of the “directing holder”, controlling
or consulting class or any analogous class or holder under the Servicing Agreement except to the extent such Subordinate Noteholder
is given such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the Controlling
Noteholder, and in no event may any such “directing holder”, controlling or consulting class or analogous class or
holder under the Servicing Agreement have any of the rights of the Controlling Noteholder hereunder except during a Note B Control
Appraisal Period.

 

(c)       The
Lead Securitization Servicing Agreement shall, unless otherwise agreed to by the Controlling Noteholder, contain servicing provisions
substantially similar in all material respects to the servicing provisions of the Model PSA. In no event may the Servicing Agreement
change the interest allocable to, or the amount of any payments due to, any Subordinate Noteholder or materially increase any
Subordinate Noteholder’s obligations or materially decrease any Subordinate Noteholder’s rights, remedies or protections
hereunder or otherwise adversely affect any Subordinate Noteholder’s rights hereunder.

 

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

 

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as provided
below. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for Advance
Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, in the manner and from the
sources provided in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization
and, in the case of Property Protection Advances, from general collections of the Non-Lead Securitization as provided below. Notwithstanding
the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable, obtains funds from general
collections of the Lead Securitization as a reimbursement for a Nonrecoverable Property Protection Advance or any Advance Interest
Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, the Non-Lead Securitization Noteholder
(including from general collections or any other amounts from the Non-Lead Securitization Trust) shall be required to, promptly
following notice from the Master Servicer, reimburse the Lead Securitization for its pro rata share of such Nonrecoverable
Property Protection Advance or Advance Interest Amounts.

 

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

 

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

 

The
Non-Lead Master Servicer may be required to make P&I Advances on the Non-Lead Securitization Note, from time to time, subject
to the terms of the Non-Lead Securitization Servicing Agreement, the Lead Securitization Servicing Agreement and this Agreement.
The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Lead Securitization Note based on the information that they have on hand and
in accordance with the Lead Securitization Servicing Agreement. The Non-Lead Master Servicer and the Non-Lead Special Servicer
and the Non-Lead Trustee, as applicable, shall be entitled to make their own recoverability determination with respect to a P&I
Advance to be made on the Non-Lead Securitization Note based on the information that they have on hand and in accordance with
the Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and the Non-Lead Master Servicer
or the Non-Lead Trustee shall be required to notify each other servicer and trustee with respect to a Securitization of the amount
of its P&I Advance within two (2) Business Days of making such advance. If the Master Servicer, the Special Servicer or the
Trustee, as applicable (with respect to the Lead Securitization Note) or the Non-Lead Master Servicer, the Non-Lead Special Servicer
or the Non-Lead Trustee, as applicable (with respect to the Non-Lead Securitization Note), determines that a proposed P&I
Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master
Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Property Protection Advance
would be non-recoverable or an outstanding Property Protection Advance is or would be non-recoverable, then the Master Servicer
or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability
by the Master Servicer, the Special Servicer or the Trustee) or the Non-Lead Master Servicer or the Non-Lead Trustee (as provided
in the Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Non-Lead Master
Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or the Non-Lead
Master Servicer and the Non-Lead Trustee, as the case may be, within two (2) Business Days of making such determination. Each
of the Master Servicer, the Trustee, the Non-Lead Master Servicer and the Non-Lead Trustee, as applicable, will only be entitled
to reimbursement for a P&I Advance that becomes non-recoverable and advance interest thereon first from the Collection Account
(in the case of the Lead Securitization Note) or the Companion Distribution Account (in the case of the Non-Lead Securitization
Note) from amounts allocable to the Note for which such P&I Advance was made, and then, if funds are insufficient, (i) in
the case of the Lead Securitization Note, from general collections of the Lead Securitization Trust, pursuant to the terms of
the Lead Securitization Servicing Agreement and (ii) in the case of the Non-Lead Securitization Note, from general collections
of the Non-Lead Securitization Trust, as and to the extent provided in the Non-Lead Securitization Servicing Agreement.

 

(e)        The
Servicing Agreement shall contain provisions to the effect that (and to the extent such following provisions are not included
in the Servicing Agreement, they shall be deemed incorporated therein and made a part thereof) (capitalized terms used in this
Section 2(e) not otherwise defined shall have the meaning set forth in the Lead Securitization Servicing Agreement):

 

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

 

(ii)        if
the Master Servicer, the Special Servicer or the Trustee determines that a proposed P&I Advance with respect to the Lead Securitization
Note or Property Protection Advance, with respect to the Mortgage Loan, if made, or any outstanding P&I Advance with respect
to the Lead Securitization Note or Property Protection Advance, with respect to the Mortgage Loan previously made, would be, or
is, as applicable, a nonrecoverable advance, the Master Servicer, the Special Servicer or the Trustee, as applicable, shall provide
the Non-Lead Master Servicer or Non-Lead Special Servicer, as applicable, for each Non-Lead Securitization written notice of such
determination within two (2) Business Days of the date of such determination;

 

(iii)       the
Master Servicer shall remit all payments received with respect to each Non-Lead Securitization Note and each Subordinate Note,
net of any portion thereof that is payable or reimbursable to the Master Servicer, the Special Servicer or the Trustee, to each
Non-Lead Securitization Noteholder and to each Subordinate Noteholder by the Serviced Whole Loan Remittance Date;

 

(iv)       with
respect to each Non-Lead Securitization Note that is held by a Securitization, on each Serviced Whole Loan Remittance Date the
Master Servicer shall deliver or cause to be delivered in electronic format acceptable to the Non-Lead Master Servicer and to
the Subordinate Noteholder (A) all reports (including all loan-level reports from the CREFC® Investor Reporting Package) required
to be delivered pursuant to the Lead Securitization Servicing Agreement to the extent related to the Mortgage Loan, and (B) all
quarterly and annual operating statements, financial statements, budgets, rent rolls and sales reports of the related Mortgaged
Property, the quarterly and annual financial statements of the related borrower, and any other reports or documents required to
be delivered under the terms of the related Mortgage Loan Documents;

 

(v)       any
notice, report, assessment, attestation, statement, certificate and/or information furnished or required to be furnished pursuant
to Article XI (or any article substantially similar thereto relating to Exchange Act reporting and filing) of the Lead Securitization
Servicing Agreement shall also be provided to each Non-Lead Depositor and each Non-Lead Certificate Administrator (to the extent
such item and/or information relates to a Non-Lead Securitization Note or a party that services, specially services or is a trustee
or custodian for a Non-Lead Securitization Note);

 

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

 

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(vii)      each
of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Custodian, the Operating Advisor
and the Asset Representations Reviewer shall indemnify and hold harmless each certification party (including each Person who signs
a Sarbanes-Oxley Certification for any public Other Securitization that includes a Non-Lead Securitization Note as well as the
entity for which such Person acts as an officer, and such entity’s officers, directors and affiliates) from and against
any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments and other costs
and expenses incurred by such certification party arising out of (i) an actual breach by the Master Servicer, the Special Servicer,
the Trustee, the Operating Advisor, the Asset Representations Reviewer, the Custodian or the Certificate Administrator, as the
case may be, of its obligations under Article XI (or any article substantially similar thereto relating to Exchange Act reporting
and filing) of the Lead Securitization Servicing Agreement, (ii) negligence, bad faith or willful misconduct on the part of the
Master Servicer, the Special Servicer, the Trustee, the Asset Representations Reviewer, the Operating Advisor, the Custodian or
the Certificate Administrator in the performance of such obligations, or (iii) delivery of any Deficient Exchange Act Deliverable
by, or on behalf of, such party;

 

(viii)     each
of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer understands that information about
itself may be included in the offering material related to a Non-Lead Securitization and agrees to (a) negotiate in good faith
an agreement (subject to such party receiving reasonable advance notice and being paid for reasonable out-of-pocket expenses)
to indemnify and hold any related Non-Lead Depositor and underwriters involved in the offering of the related commercial mortgage
pass through certificates harmless for any costs, liabilities, fees and expenses incurred by such Non-Lead Depositor or such underwriters
as a result of any material misstatements or omissions or alleged material misstatements or omissions in any such offering material
to the extent that such material misstatement or omission was made in reliance upon any such information provided by the Trustee,
the Certificate Administrator, the Master Servicer or the Special Servicer, as applicable, to such Non-Lead Depositor, underwriters
or mortgage loan seller and (b) deliver such securities law opinion(s) of counsel, certifications and/or indemnification agreement(s)
(to the extent the cost thereof is paid by the applicable Non-Lead Securitization Noteholder) with respect to such information
that are substantially similar to those delivered with respect to the offering material for the Lead Securitization by the Master
Servicer, the Special Servicer, Trustee or Certificate Administrator, as the case may be, or their respective counsel, in connection
with the information concerning such party in the offering material related to a Non-Lead Securitization;

 

(ix)        the
Master Servicer, the Special Servicer, the Trustee, the Operating Advisor and the Certificate Administrator shall (i) with respect
to any Initial Sub-Servicer engaged by the Master Servicer, the Special Servicer, Trustee or Certificate Administrator that is
a Servicing Function Participant or Additional Servicer, use commercially reasonable efforts to cause such party to, and (ii)
with respect to each other Additional Servicer and each Servicing Function Participant with which, in each case, it has entered
into a servicing relationship with respect to the Mortgage Loans, cause such party to, in each case, indemnify and hold harmless
each certification party (including each Person who signs a Sarbanes-Oxley Certification for any public Other Securitization that
includes

 

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a Non-Lead Securitization Note as well as the entity for which such Person acts as an officer, and such entity’s
officers, directors and affiliates) from and against any and all claims, losses, damages, penalties, fines, forfeitures, legal
fees and expenses and related costs, judgments and any other costs, fees and expenses incurred by such certification party arising
out of (a) a breach of its obligations to provide any of the annual compliance statements or annual assessment of compliance with
the servicing criteria or attestation reports pursuant to the applicable sub-servicing or primary servicing agreement, (b) negligence,
bad faith or willful misconduct on its part in the performance of such obligations, (c) any failure by it, as a servicer to identify
a Servicing Function Participant pursuant to Lead Securitization Servicing Agreement, or (d) delivery of any Deficient Exchange
Act Deliverable;

 

(x)        each
of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall, and each of the Master Servicer
and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant appointed thereby
with respect to the Mortgage Loan to, cooperate with the Non-Lead Depositor, Non-Lead Trustee, Non-Lead Certificate Administrator,
Non-Lead Master Servicer and Non-Lead Special Servicer in preparing each Form 10 D, Form ABS-EE, Form 8-K and Form 10 K required
to be filed by such Non-Lead Securitization and shall provide (within such time periods as would enable the Non-Lead Securitization
and the Non-Lead Depositor to timely comply with its Exchange Act and Securities Act reporting requirements) to such Non-Lead
Depositor, Non-Lead Trustee, Non-Lead Certificate Administrator and Non-Lead Master Servicer for such Non-Lead Securitization
such information as may be reasonably necessary for the Non-Lead Depositor, Non-Lead Trustee, Non-Lead Certificate Administrator
and Non-Lead Master Servicer to timely comply with the reporting requirements of Regulation AB and the Exchange Act;

 

(xi)       each
of the Trustee, the Certificate Administrator, the Custodian, the Master Servicer and the Special Servicer shall, and each of
the Master Servicer and the Special Servicer shall use commercially reasonable efforts to cause any Servicing Function Participant
appointed thereby with respect to the Mortgage Loan to, provide, with respect to itself, to the Non-Lead Depositor, Non-Lead Trustee
or Non-Lead Certificate Administrator, as applicable, (i) a report on an assessment of compliance with the servicing criteria
to the extent required pursuant to Item 1122(a) of Regulation AB, (ii) a registered accounting firm’s attestation report
on such Person’s assessment of compliance with the applicable servicing criteria to the extent required pursuant to Item
1122(b) of Regulation AB; (iii) such other information as may be required pursuant to Item 1122(c) of Regulation AB and (iv) a
servicer compliance statement signed by an authorized officer of such Person that satisfies the requirements of Item 1123 of Regulation
AB;

 

(xii)       each
of the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate
Administrator and the Trustee shall cooperate (and require each Servicing Function Participant and Additional Servicer retained
by it to cooperate under the applicable Sub-Servicing Agreement) with the Lead Depositor and each Non-Lead Depositor as necessary
for the Lead Depositor or such Non-Lead Depositor, as applicable, to conduct any reasonable due diligence necessary to evaluate
and assess any material instances of non-compliance disclosed in any of the

 

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deliverables required by the applicable reporting
requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and the rules and regulations promulgated thereunder.
All respective reasonable out-of-pocket costs and expenses incurred by the Lead Depositor or any Non-Lead Depositor (including
reasonable legal fees and expenses of outside counsel to the Lead Depositor or any Non-Lead Depositor, as the case may be) in
connection with the foregoing (other than those costs and expenses required to be at the Lead Depositor’s or any Non-Lead
Depositor’s expense under Article XI (or any article substantially similar thereto relating to Exchange Act reporting and
filing) of the Lead Securitization Servicing Agreement) and any amendments to any reports filed with the United States Securities
and Exchange Commission (the “Commission”) or its staff related thereto shall be promptly paid by the applicable
Affected Reporting Party upon receipt of an itemized invoice from the Lead Depositor or any Non-Lead Depositor, as the case may
be;

 

(xiii)      in
the event the Master Servicer has received written notice that a Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead
Trustee has made an advance of a monthly debt service payment on a Non-Lead Securitization Note and the Master Servicer subsequently
receives late collections in respect of such advanced payment, the Master Servicer shall remit to the applicable Non-Lead Master
Servicer, Non-Lead Special Servicer or Non-Lead Trustee, within two (2) Business Days following receipt of such late collections
in properly identified funds, the amount allocable to such Non-Lead Securitization Note in accordance with the terms of this Agreement
and the Lead Securitization Servicing Agreement;

 

(xiv)     each
Non-Lead Securitization Noteholder and each Subordinate Noteholder is an intended third-party beneficiary in respect of the rights
afforded it under the Lead Securitization Servicing Agreement;

 

(xv)      each
Non-Lead Master Servicer and each Non-Lead Special Servicer and each Subordinate Noteholder shall each be a third-party beneficiary
of the Lead Securitization Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement
or indemnification of such Non-Lead Master Servicer or such Non-Lead Special Servicer, as the case may be, and the provisions
regarding reimbursement or advances;

 

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

 

(xvii)   
 the Lead Securitization Servicing Agreement shall not be amended in any manner that materially and adversely affects
any Non-Lead Securitization Noteholder or any Subordinate Noteholder without the consent of such Non-Lead Securitization
Noteholder or such Subordinate Noteholder;

 

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

 

(xix)       “Servicer
Termination Events” (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination
events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Securitization Noteholders as
required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period),
failure to timely deposit amounts into any applicable account or to remit to a Servicer for deposit into a related collection
or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead
Securitization Noteholders and Non-Lead Depositor to timely comply with its obligations under the Exchange Act and the Securities
Act, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead
Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such
grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon
the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Noteholder
and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer
shall be required, upon the direction of such Non-Lead Securitization Noteholder, to appoint a subservicer with respect to such
Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting
a Non-Lead Securitization Noteholder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization
Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Noteholder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

 

(xx)       in
connection with (A) any amendment of the Lead Securitization Servicing Agreement, a party to such Lead Securitization Servicing
Agreement is required to provide a copy of the executed amendment to each Non-Lead Depositor and one or more parties to the related
Non-Lead Securitization Servicing Agreement and to each Subordinate Noteholder (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, Special Servicer or Certificate Administrator, the person removing and replacing the
Master Servicer, the Special Servicer or the Certificate Administrator (or, if such person is not a party to the Lead Securitization
Servicing Agreement, then the Trustee) shall provide to the Lead Depositor, the Master Servicer, the Special Servicer, the Certificate
Administrator and each Non-Lead Depositor and Non-Lead Certificate Administrator, as applicable, at least fifteen (15) calendar
days prior to the effective date of such succession or appointment, (x) written notice to the Lead Depositor, the Non-Lead Depositor
and the Non-Lead Certificate Administrator of such succession or appointment and (y) in writing and in form and substance reasonably
satisfactory to the Lead Depositor and the Non-Lead Depositor, all information relating to such successor reasonably requested
by the Lead Depositor,

 

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Non-Lead Depositor or Non-Lead Certificate Administrator in order to comply with its reporting obligation
under Item 6.02 of Form 8-K pursuant to the Exchange Act;

 

(xxi)      if
any Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the related
Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations
Reviewer with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent such
documents are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be,
but in any event excluding any documents known to the Master Servicer, the Special Servicer, the Trustee or the Custodian to contain
information that is proprietary to the related originator or mortgage loan seller or any draft documents or privileged or internal
communications;

 

(xxii)     provide
for special servicing, workout and liquidation fee rates that do not exceed (i) 0.25% per annum, in the case of special
servicing fees, (ii) 1.00%, in the case of workout fees, and (iii) 1.00%, in the case of liquidation fees, subject in each case
to market minimum special servicing fees and offsets set forth in the Lead Securitization Servicing Agreement;

 

(xxiii)    any
conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement provided
that in no event shall the Master Servicer or the Special Servicer, as the case may be, take any action or omit to take any action
in accordance with the terms of this Agreement that would cause the Master Servicer or the Special Servicer, as the case may be,
to violate the Servicing Standard or the REMIC provisions; and

 

(xxiv)    the
Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan by the earlier
of (x) the closing of the Note A-1-1 Securitization or (y) the Mortgage Loan becoming a Specially Serviced Loan under any other
Servicing Agreement; provided, however, that such Special Servicer has the Required Special Servicer Rating of,
or otherwise be acceptable to, each of the Rating Agencies rating each Securitization.

 

(f)       Each
Non-Lead Securitization Noteholder agrees that it shall cause the related Non-Lead Securitization Servicing Agreement to provide
as follows (and to the extent such following provisions are not included in such Non-Lead Securitization Servicing Agreement,
they shall be deemed incorporated therein and made a part thereof):

 

(i)       such
Non-Lead Securitization Noteholder shall be responsible for its pro rata share of any Nonrecoverable Property Protection
Advances (and advance interest thereon) and any additional trust fund expenses, but only to the extent that they relate to servicing
and administration of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing Fees, Liquidation
Fees and Workout Fees relating to the Notes, and that in the event that the funds received with respect to the Notes are insufficient
to cover such Property Protection Advances or additional trust fund expenses, (A) the Non-

 

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

 

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

 

(iii)      the
Non-Lead Master Servicer, Non-Lead Trustee or Non-Lead Certificate Administrator will be required to deliver to the Trustee, the
Certificate Administrator, the Special Servicer, the Master Servicer and the Operating Advisor (i) promptly following the Non-Lead
Securitization, notice of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice may be (x)
in the form of delivery (which may be by email) of a copy of the Non-Lead Securitization Servicing Agreement, or (y) by email
notification together with contact information for the Non-Lead Trustee, the Non-Lead Certificate Administrator, the Non-Lead
Master Servicer, the Non-Lead Special Servicer and the party designated to exercise the rights of the Note A-1-2 Holder, Note
A-2-1 Holder, the Note A-2-2 Holder or the Note A-2-3 Holder, as applicable, as a “Non-Controlling Noteholder” or
“Non-Controlling A Noteholder” under this Agreement),

 

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accompanied by a copy of the executed Non-Lead Securitization
Servicing Agreement, and (ii) notice of any subsequent change in the identity of the Non-Lead Master Servicer, the Non-Lead Trustee
or the party designated to exercise the rights of the Note A-1-2 Holder, Note A-2-1 Holder, the Note A-2-2 Holder or the Note
A-2-3 Holder, as applicable, as a “Non-Controlling Noteholder” or “Non-Controlling A Noteholder” under
this Agreement (together with the relevant contact information) (which may be in the form of email delivery of a copy of any revised
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.

 

(g)       Each
Lead Securitization Noteholder shall send to each Non-Lead Securitization Noteholder and the parties to the related Non-Lead Securitization
Servicing Agreement (that are not also party to the Lead Securitization Servicing Agreement) and to the Subordinate Noteholders
(x) on or promptly following the Lead Securitization Date (to the extent the applicable parties to the related Non-Lead Securitization
Servicing Agreement have been engaged by the related Non-Lead Depositor on or prior to the Lead Securitization Date), a copy (in
EDGAR-compatible format) of the execution version of the Lead Securitization Servicing Agreement, (y) within (1) one Business
Day after the date of any re-filing by the Depositor of the Lead Securitization Servicing Agreement with the Commission to account
for any changes thereto (other than a formal amendment thereto following the Lead Securitization Date), a copy (in EDGAR-compatible
format) of the re-filed Lead Securitization Servicing Agreement, and (z) promptly following distribution thereof to the parties
to the Lead Securitization Servicing Agreement, any changes made by the Depositor to the Lead Securitization Servicing Agreement
(other than a formal amendment thereto following the Lead Securitization Date).

 

(h)       Each
Non-Lead Securitization Noteholder shall provide (or cause to be provided) to the Lead Securitization Noteholder and the parties
to the Lead Securitization Servicing Agreement (provided that the Lead Securitization Servicing Agreement has been delivered to
the Non-Lead Securitization Noteholder) notice of the closing of the Non-Lead Securitization, in writing (which may be by email)
prior to or promptly following the Non-Lead Securitization Date, which notice shall include a copy of the Non-Lead Securitization
Servicing Agreement.

 

(i)       Notwithstanding
anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms hereof shall be performed
by the Master Servicer or the Special Servicer, as applicable, as set forth in the Servicing Agreement.

 

(j)       At
any time after the Securitization Date that the Lead Securitization Note is no longer subject to the provisions of the Servicing
Agreement, the Lead Securitization Noteholder shall cause the Mortgage Loan to be serviced pursuant to a servicing agreement that
contains servicing provisions which are the same as or more favorable to the Non-Lead Securitization Noteholders and each Subordinate
Noteholder, in substance, to those in the Servicing Agreement and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization,
then a written confirmation shall have been obtained from each Rating Agency rating such Securitization that the appointment of
the servicer(s) pursuant to such servicing agreement would

 

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not, in and of itself, cause a downgrade, qualification or withdrawal
of the then-current ratings assigned to the securities issued in connection with such Securitization; provided, further,
that until a replacement servicing agreement has been entered into, the Lead Securitization Noteholder shall cause the Mortgage
Loan to be serviced in accordance with the servicing provisions set forth in the Servicing Agreement as if such agreement was
still in full force and effect with respect to the Mortgage Loan; provided, however, that the Servicer under such
replacement Servicing Agreement shall have no further obligations to advance monthly payments of principal and interest; provided,
further, however, that until a replacement servicing agreement is in place, the actual servicing of the Mortgage
Loan may be performed by any nationally recognized commercial mortgage loan servicer meeting the requirements of the Servicing
Agreement appointed by the Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder (which
special servicer must satisfy the Required Special Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies
rating any outstanding Securitization) and does not have to be performed by the service providers set forth under the Servicing
Agreement.

 

(k)       Subject
to the Servicer’s obligation to act in accordance with the Servicing Standard and subject to a Rating Agency Confirmation,
and solely in the event that S&P rates any securities issued in connection with any Securitization of any of Note A-1-1, Note
A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3, the Servicer shall require the related Mortgage Loan Borrower to maintain insurance
with an insurer meeting the minimum S&P ratings requirements specified in the related Mortgage Loan Documents (and, for the
avoidance of doubt, without regard to any Lender discretion with respect to such ratings in the related Mortgage Loan Documents).

 

Section
3.          Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. Note B-1 and Note B-2 and the respective
rights of the Note B-1 Holder and the Note B-2 Holder to receive payments of interest, principal and other amounts with respect
to such Note B-1 and Note B-2, respectively shall at all times be junior, subject and subordinate to Note A-1-1, Note A-1-2, Note
A-2-1, Note A-2-2 and Note A-2-3 and the respective rights of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder,
the Note A-2-2 Holder and the Note A-2-3 Holder to receive payments of interest, principal and other amounts with respect to Note
A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3, respectively, as and to the extent set forth herein. If no Sequential
Pay Event 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 and Condemnation Proceeds (other than
proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property or released
to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC
Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent,
in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements on
account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer under the Servicing Agreement
and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee fees,
certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which shall be payable
by each of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1

 

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Holder, Note A-2-2 Holder and Note A-2-3 Holder to such
parties out of distributions made to them in respect of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3, respectively),
with respect to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated by clauses (x) and (y),
“Withheld Amounts”), shall be distributed by the Master Servicer in the following order of priority without
duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

 

(a)  first,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on their respective entitlements to interest) in an amount equal to the accrued and unpaid interest on the Note
A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance
and the Note A-2-3 Principal Balance, respectively, at the Net Note A Rate;

 

(b)  second,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note
A-2-2 Principal Balance and the Note A-2-3 Principal Balance) in an aggregate amount equal to all principal payments received,
including any Insurance and Condemnation Proceeds received, if any, with respect to such Monthly Payment Date with respect to
the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders, until the Note A-1-1 Principal Balance,
the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance and the Note A-2-3 Principal
Balance have been reduced to zero;

 

(c)  third,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on their respective entitlements) up to the amount of any unreimbursed out-of-pocket costs and expenses paid by
such Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder including
any Recovered Costs not previously reimbursed by the Mortgage Loan Borrower (or paid or advanced by any Servicer on its behalf
and not previously paid or reimbursed to such Servicer) with respect to the Mortgage Loan pursuant to this Agreement or the Servicing
Agreement;

 

(d)  fourth,
if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (a)-(c) and, as a result of a Workout the aggregate Principal Balance of
Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3 has been reduced, such excess amount shall be paid to the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata (based on
the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal
Balance and the Note A-2-3 Principal Balance) in an aggregate amount up to the reduction, if any, of the Note A-1-1 Principal
Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance and the Note A-2-3
Principal Balance as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate;

 

(e)  fifth,
to the extent the Note B-1 Holder and the Note B-2 Holder have made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note B-1 Holder and Note B-2 Holder for all such cure payments;

 

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

 

(g)  seventh,
to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and the Note B-2 Principal
Balance) in an aggregate amount equal to all principal payments received, including any Insurance and Condemnation Proceeds received,
if any, with respect to such Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan
and payable to the Noteholders, remaining after giving effect to the allocations in clause (b) and clause (d) above,
until the Note B-1 Principal Balance and the Note B-2 Principal Balance has been reduced to zero;

 

(h)  eighth,
if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (a)-(g) and, as a result of a Workout the Principal Balance of Note B-1
and Note B-2 has been reduced, such excess amount shall be paid to the Note B-1 Holder and Note B-2 Holder pro rata (based
on the Note B-1 Principal Balance and the Note B-2 Principal Balance) in an aggregate amount up to the reduction, if any, of the
Note B-1 Principal Balance and the Note B-2 Principal Balance as a result of such Workout, plus interest on such aggregate amount
at the related Note B Rate;

 

(i)   ninth,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note
A-2-2 Principal Balance and the Note A-2-3 Principal Balance) in an aggregate amount equal to the product of (i) the Note A Percentage
Interest multiplied by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan
Borrower;

 

(j)  tenth,
to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and the Note B-2
Principal Balance) in an aggregate amount equal to the product of (i) the Note B Percentage Interest multiplied by (ii) the Note
B Relative Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(k)  eleventh,
to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise applied
under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on any Advances, to pay any
Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements or payments relate to
the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan Borrower, shall be
paid pro rata to the Note A Holders and the Note B Holders in accordance with the Note A Percentage Interest and the Note
B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the Note A-1-1 Holder,
the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata based on the Note
A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance
and the Note A-2-3 Principal Balance, and with the amount distributed to the Note B Holders to be

 

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allocated between the Note B-1
Holder and the Note B-2 Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance; and

 

(l)  twelfth,
if any excess amount, including, without limitation, any Default Interest, is available to be distributed in respect of the Mortgage
Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount shall be paid pro rata
to the Note A Holders and the Note B Holders in accordance with the initial Note A Percentage Interest and the initial Note
B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata based on
the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal
Balance and the Note A-2-3 Principal Balance, and with the amount distributed to the Note B Holders to be allocated between the
Note B-1 Holder and the Note B-2 Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance.

 

Section
4.         Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in
accordance with Section 3 of this Agreement; provided, if a Sequential Pay Event shall have occurred and be continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with
the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof (including without limitation amounts received
by the Master Servicer or Special Servicer pursuant to the Servicing Agreement as reimbursements on account of recoveries in respect
of Advances), whether received in the form of Monthly Payments, any proceeds from the sale or distribution of any Foreclosure
Property, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument
securing the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required
to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with
the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), but excluding any Withheld Amounts,
shall be distributed by the Master Servicer in the following order of priority without duplication (and payments shall be made
at such times as are set forth in the Servicing Agreement):

 

(a)  first,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on their respective entitlements to interest) in an amount equal to the accrued and unpaid interest on the Note
A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance
and the Note A-2-3 Principal Balance, respectively, at the Net Note A Rate;

 

(b)  second,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note
A-2-2 Principal Balance and the Note A-2-3 Principal Balance), until the Note A-1-1 Principal Balance, the Note A-1-2 Principal
Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance and the Note A-2-3 Principal Balance have been reduced
to zero;

 

(c)  third,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on their respective entitlements)

 

    41

    

    

 

up to the amount of any unreimbursed out-of-pocket costs and expenses paid by
such Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder including
any Recovered Costs, in each case to the extent reimbursable by the Mortgage Loan Borrower but not previously reimbursed by the
Mortgage Loan Borrower (or paid or advanced by any Servicer on its behalf and not previously paid or reimbursed to such Servicer),
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

 

(d)  fourth,
to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder, pro
rata (based on the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note
A-2-2 Principal Balance and the Note A-2-3 Principal Balance) in an aggregate amount equal to the product of (i) the Note A Percentage
Interest multiplied by (ii) the Note A Relative Spread, and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan
Borrower;

 

(e)  fifth,
if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate Principal Balance of
Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3 has been reduced, such excess amount shall be paid to the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata (based on
the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal
Balance and the Note A-2-3 Principal Balance) in an aggregate amount up to the reduction, if any, of the Note A-1-1 Principal
Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance and the Note A-2-3
Principal Balance as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate;

 

(f)  sixth,
to the extent the Note B-1 Holder and the Note B-2 Holder have made any payments or advances to cure defaults pursuant to Section
11, to reimburse the Note B-1 Holder and the Note B-2 Holder for all such cure payments; and to the Note B-1 Holder and the
Note B-2 Holder in the amount of any other unreimbursed reasonable out-of-pocket costs and expenses paid by the Note B-1 Holder
and the Note B-2 Holder, in each case to the extent reimbursable by, but not previously reimbursed by, the Mortgage Loan Borrower;

 

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

 

(h)  eighth,
to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and the Note B-2 Principal
Balance), until the Note B-1 Principal Balance and the Note B-2 Principal Balance have been reduced to zero;

 

(i)   ninth,
to the Note B-1 Holder and the Note B-2 Holder, pro rata (based on the Note B-1 Principal Balance and the Note B-2 Principal
Balance) in an aggregate amount equal to the product of (i) the Note B Percentage Interest multiplied by (ii) the Note B Relative
Spread and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

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(j)  tenth,
if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts required
to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate Principal Balance of
Note B-1 and Note B-2 has been reduced, such excess amount shall be paid to the Note B-1 Holder and Note B-2 Holder pro rata
(based on the Note B-1 Principal Balance and the Note B-2 Principal Balance) in an aggregate amount up to the reduction, if
any, of the Note B-1 Principal Balance and the Note B-2 Principal Balance as a result of such Workout, plus interest on such amount
at the related Note B Rate;

 

(k)  eleventh,
to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required to be otherwise applied
under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on any Advances, to pay any
Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements or payments relate to
the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan Borrower, shall be
paid pro rata to the Note A Holders and the Note B Holders in accordance with the Note A Percentage Interest and the Note
B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata based on
the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal
Balance and the Note A-2-3 Principal Balance, and with the amount distributed to the Note B Holders to be allocated between the
Note B-1 Holder and the Note B-2 Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance;
and

 

(l)   twelfth,
if any excess amount, including, without limitation, any Default Interest, is available to be distributed in respect of the Mortgage
Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(k), any remaining amount shall be paid pro rata
to the Note A Holders and the Note B Holders in accordance with the initial Note A Percentage Interest and the initial Note
B Percentage Interest, respectively, with the amount distributed to the Note A Holders to be allocated between the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder pro rata based on
the Note A-1-1 Principal Balance, the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal
Balance and the Note A-2-3 Principal Balance, and with the amount distributed to the Note B Holders to be allocated between the
Note B-1 Holder and the Note B-2 Holder pro rata based on the Note B-1 Principal Balance and the Note B-2 Principal Balance.

 

Section
5.          Administration of the Mortgage Loan.

 

(a)  Subject
to this Agreement (including, without limitation, Section 5(f) below), the Mortgage Loan Documents and the Servicing Agreement
and consistent with the Servicing Standard and applicable law, the Lead Securitization Noteholder (or any Servicer acting on behalf
of the Lead Securitization Noteholder) shall have the sole and exclusive authority with respect to the administration of, and
exercise of rights, remedies and obligations of lender with respect to, the Mortgage Loan, including, without limitation, the
sole authority to modify or waive any of the terms of the Mortgage Loan Documents or consent to any action or failure to act by
the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents, call or waive any Event of Default, accelerate the
Mortgage Loan or institute any foreclosure action or other remedy and no

 

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other Noteholder shall have any voting, consent or other
rights whatsoever with respect to the Lead Securitization Noteholder’s administration of, or exercise of its rights and
remedies with respect to, the Mortgage Loan. Subject to this Agreement and the Servicing Agreement (including, without limitation,
Section 5(f) below) and consistent with the Servicing Standard, each Non-Lead Securitization Noteholder and each Subordinate
Noteholder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization
Noteholder (or any Servicer acting on behalf of the Note A-1-1 Holder) the rights, if any, that such Non-Lead Securitization Noteholder
or Subordinate Noteholder, as applicable, has to, (i) call or cause the Lead Securitization Noteholder 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 Noteholder to file any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) shall
not have any fiduciary duty to any Non-Lead Noteholder in connection with the administration of the Mortgage Loan (but the foregoing
shall not relieve the Lead Securitization Noteholder from the obligation to make any disbursement of funds as set forth herein).

 

(b)  The
administration of the Mortgage Loan shall be governed by this Agreement, the Mortgage Loan Documents and the Servicing Agreement.
Each Noteholder agrees to be bound by the terms of this Agreement, the Mortgage Loan Documents and the Servicing Agreement. The
Servicers shall service the Mortgage Loan in accordance with the terms of this Agreement, including without limitation, the rights
of the Subordinate Noteholders set forth in Section 5(f) below, the Mortgage Loan Documents and consistent with the Servicing
Standard. Servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially
Serviced Mortgage Loan, by the Special Servicer, in each case pursuant to the Servicing Agreement and consistent with the Servicing
Standard. Notwithstanding anything to the contrary contained herein, in accordance with the Servicing Agreement, the Lead Securitization
Noteholder Holder shall cause the Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance
with the Servicing Standard, taking into account the interests of each of the Noteholders as a collective whole (it being understood
that the interests of the Note B Holders are subordinate to Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3, subject
to the terms and conditions of this Agreement, including without limitation the rights of the Controlling Noteholder), and any
Subordinate Noteholder who is not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed a third
party beneficiary of such provisions of the Servicing Agreement. The foregoing provisions of this Section 5(b) shall not
limit or modify the rights of the Controlling Noteholder and/or the Controlling Noteholder Representative to exercise their respective
rights specifically set forth under this Agreement.

 

(c)  Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and this Agreement
(including, without limitation, Sections 5(f) and 6), if the Servicer in connection with a Workout of the Mortgage
Loan modifies the terms of the Mortgage Loan Documents in accordance with this Agreement such that (i) the unpaid principal balance
of the Mortgage Loan is decreased, (ii) the Mortgage Loan Rate or scheduled amortization payments on such Mortgage Loan are reduced,
(iii) payments of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other
than an increase in the Mortgage Loan Rate or increase in scheduled amortization payments) is made to any of the terms of the
Mortgage Loan, all payments to the Note A Holders and Note B

 

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Holders pursuant to Section 3 and Section 4, as applicable,
shall be made as though such Workout did not occur, with the payment terms of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and
Note A-2-3 remaining the same as they are on the date hereof, 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 Holders (pro rata
based on the Principal Balances of their respective Notes), and then, by the Note A Holders (pro rata based
on the Principal Balances of their respective Notes), in that order, in each case up to the amount otherwise due on such Note(s).
Subject to the Servicing Agreement and this Agreement (including without limitation Sections 5(f) and (6)), in the
case of any modification or amendment described above, the Lead Securitization Noteholder (or the Servicer on its behalf) will
have the sole authority and ability to revise the payment provisions set forth in Section 3 and Section 4 above
in a manner that reflects the subordination of Note B-1 and Note B-2 to Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note
A-2-3, with respect to the loss that is the result of such amendment or modification, including: (i) the ability to increase the
Note A Percentage Interest, to increase or reduce, as applicable, the Note B Percentage Interest in a manner that reflects a loss
in principal as a result of such amendment or modification and (ii) the ability to change the Note A Rate and the Note B Rate,
as applicable, in order to reflect a reduction in the Mortgage Loan Rate of the Mortgage Loan but shall not be permitted to change
the order of the clauses set forth in Sections 3 and 4 hereof. Notwithstanding the foregoing, if any Workout, modification
or amendment of the Mortgage Loan extends the original maturity date of the Mortgage Loan, for purposes of this paragraph, the
Balloon Payment will be deemed not to be due on the original maturity date of the Mortgage Loan but will be deemed due on the
extended maturity date of the Mortgage Loan.

 

(d)  All
rights and obligations of the Lead Securitization Noteholder described hereunder may be exercised by the Servicers on behalf of
the Lead Securitization Noteholder in accordance with the Servicing Agreement, the Mortgage Loan Documents and this Agreement.
Each Non-Lead Noteholder shall be provided access to any website that an investor would be permitted to access in accordance with
the procedures set forth in the Servicing Agreement.

 

(e)  If
any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired by or on
behalf of the Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests
of the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code and (iii) 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 Noteholders
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more
than three months after the earliest startup day of any REMIC which includes Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or
Note A-2-3 (or any portion thereof). The Noteholders agree that the provisions of this Section 5(e) shall be effected by
compliance by the Lead Securitization Noteholder or its assignees with this Agreement or the Servicing Agreement or any other
agreement which governs the administration of the Mortgage Loan or the Lead

 

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Securitization Noteholder’s interests therein.
All costs and expenses of compliance with this Section 5(e), to the extent that such costs and expenses relate to administration
of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual
payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by
such Noteholder.

 

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

 

(f)  (i)  Subject
to clauses (ii) or (iii) below, if any consent, modification, amendment or waiver under or other action in respect of the Mortgage
Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute a Major Decision has been
requested or proposed or any fact or circumstance has occurred requiring that a Major Decision be made, or if the Servicer or
Special Servicer otherwise intends to make a Major Decision, then the Servicer or Special Servicer, as applicable, shall deliver
prompt written notice thereof to the Controlling Noteholder and its Controlling Noteholder Representative, if any, at least ten
(10) Business Days prior to taking action with respect to such Major Decision (or making a determination not to take action with
respect to such Major Decision), and none of the Servicer, the Special Servicer or any other Person shall implement any decision
with respect to such Major Decision (or make a determination not to take action with respect to such Major Decision) unless and
until the Servicer or the Special Servicer, as applicable, has received the written consent of the Controlling Noteholder (or
its Controlling Noteholder Representative). In addition, at any time the Note B Holder is the Controlling Noteholder, any consent
request pursuant to Section 5.1.17(g) of the Mortgage Loan Agreement shall also require the consent (or deemed consent) of the
Note A-1-1 Holder (or the Controlling Class Representative) in addition to the consent (or deemed consent) of the Controlling
Noteholder (or its Controlling Noteholder Representative), and the Servicer or Special Servicer, as applicable, shall copy the
Note A-1-1 Holder (or the Controlling Class Representative) on any notice of such consent request sent to the Controlling Noteholder
and its Controlling Noteholder Representative; the same notice and timing requirements set forth in this Section 5(f) with respect
to the Controlling Noteholder (or its Controlling Noteholder Representative) shall apply to such requests for consent of the Note
A-1-1 Holder (or the Controlling Class Representative). If any such consent request is made pursuant to the preceding sentence,
the Note A-1-1 Holder shall consult with the Controlling Noteholder (or its Controlling Noteholder Representative) on a non-binding
basis prior to affirmatively consenting to or withholding consent to such consent request.

 

(ii)       If
the Servicer or Special Servicer, as applicable, has not received a response from the Controlling Noteholder (or its Controlling
Noteholder Representative) with respect to such Major Decision within seven (7) Business Days after delivery of the notice of
such Major

 

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Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional
copy of the notice of such Major Decision in all caps bold 14-point font: “This is a Second Notice. Failure to respond within
three (3) Business Days of this Second Notice will result in a loss of your right to consent with respect to this decision,”
and if the Controlling Noteholder fails to respond to the Lead Securitization Noteholder (or the Special Servicer acting on its
behalf) with respect to any such proposed action within three (3) Business Days after receipt of such second notice, the Controlling
Noteholder shall have no further consent rights with respect to such action (provided, however, that such failure to reply shall
not affect the rights of the Controlling Noteholder to consent to (a) any future actions or (b) any actions that deviate in a
material manner from the action initially proposed). Notwithstanding the foregoing, or if a failure to take any such action at
such time would be inconsistent with the Servicing Standard, the Servicer may take actions with respect to such Mortgaged Property
before obtaining the consent of the Controlling Noteholder (or its Controlling Noteholder Representative) if the Servicer reasonably
determines in accordance with the Servicing Standard that failure to take such actions prior to such consent would materially
and adversely affect the interest of the Noteholders as a collective whole, and the Servicer has made a reasonable effort to contact
the Controlling Noteholder and obtain the Controlling Noteholder’s consent to such actions. The foregoing shall not relieve
the Lead Securitization Noteholder (or a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

 

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

 

The
Special Servicer shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report
that is required to be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions
or the implementation of any recommended actions outlined in an Asset Status Report within the same time frame such notice, information
and report is required to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Note A-1-1
Holder, the Special Servicer shall be required to consult with each Non-Controlling A Noteholder on a strictly non-binding basis,
to the extent having received such notices, information and reports, any Non-Controlling A Noteholder requests consultation with
respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider
alternative actions recommended by such Non-Controlling A Noteholder; provided that after the expiration of a period of
ten (10) Business Days from the delivery to any Non-Controlling A Noteholder by the Special Servicer of written notice of a proposed
action, together with copies of the notice, information and reports, the Special Servicer shall no longer be obligated to consult
with such Non-Controlling A Noteholder, whether or not such Non-Controlling A Noteholder has responded within such ten (10) Business
Day period (unless, the Special Servicer proposes a new

 

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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). After the Note A-1-2 Securitization, references in this paragraph to the Non-Controlling
Noteholder as such term relates to the Note A-1-2 Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.
After the Note A-2-1 Securitization, references in this paragraph to the Non-Controlling Noteholder as such term relates to the
Note A-2-1 Holder shall mean the related Non-Lead Securitization Subordinate Class Representative. After the Note A-2-2 Securitization,
references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note A-2-2 Holder shall mean the related
Non-Lead Securitization Subordinate Class Representative. After the Note A-2-3 Securitization, references in this paragraph to
the Non-Controlling Noteholder as such term relates to the Note A-2-3 Holder shall mean the related Non-Lead Securitization Subordinate
Class Representative.

 

In
addition to the consultation rights provided in the immediately preceding paragraph, at any time the Controlling Noteholder is
the Note A-1-1 Holder, each Non-Controlling A Noteholder shall have the right to attend annual meetings (which may be held telephonically
or in person, at the discretion of the Servicer) with the Lead Securitization Noteholder (or the Master Servicer or the Special
Servicer acting on its behalf), 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.

 

The
Noteholders acknowledge that the Lead Securitization Servicing Agreement may contain certain provisions that give the Lead Operating
Advisor certain non-binding consultation rights with respect to Major Decisions related to compliance with the Risk Retention
Rules applicable to the Lead Securitization.

 

(g)  The
Subordinate Noteholder(s), acting unanimously, shall be entitled to avoid a Note B 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 receipt
by the Subordinate Noteholder(s) of a third party Appraisal ordered by the Master Servicer or the Special Servicer that indicates
such Control Appraisal Period has occurred (which such Appraisal the Master Servicer or Special Servicer, as applicable, will
be required to deliver to each Subordinate Noteholder within two Business Days of receipt by the Master Servicer or Special Servicer
of such third party Appraisal) together with the Special Servicer’s calculation of the Appraisal Reduction Amount applicable
to each Subordinate Note): (i) such Subordinate Noteholder(s) shall have delivered Threshold Event Collateral 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 reasonably acceptable to the Servicer in accordance with the Servicing Standard to create and perfect a first priority
security interest in favor of the Servicer on behalf of the Lead Securitization Noteholder in (a) cash collateral for the benefit
of, and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Lead Securitization
Noteholder (or after the closing of the Lead Securitization, the Servicer or such other party as provided under the Servicing
Agreement) as the beneficiary, issued by a bank or other financial institutions the long term unsecured debt obligations of which
are 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,
in each case ignoring any of the foregoing ratings requirements with respect to any rating agency that is not one of the Rating
Agencies (either (a) or (b), the “Threshold

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 Event Collateral”), and (ii) the Threshold Event Collateral shall
be in an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to the Servicing Agreement,
would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph are satisfied by a Subordinate
Noteholder (a “Threshold Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction
Amount shall be deemed to have occurred with respect to such Subordinate Noteholder. If a letter of credit is furnished as Threshold
Event Collateral, the applicable Subordinate Noteholder(s) shall be required to renew such letter of credit not later than thirty
(30) days prior to expiration thereof or to replace such letter of credit with a substitute letter of credit or other Threshold
Event Collateral with an expiration date that is greater than forty-five (45) days from the date of substitution; provided,
however, that, if a letter of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter
of credit, the letter of credit shall provide that the Servicer may (and at the direction of the applicable Controlling Noteholder,
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 applicable Subordinate Noteholder(s) shall be required to replace such letter of credit with
other Threshold Event Collateral within 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 the applicable Control Appraisal Period from occurring; (ii) the occurrence of a Final Recovery Determination or (iii)
the return of the Threshold Event Collateral pursuant to the following sentence. 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 one or more Subordinate Noteholder(s), any or such
portion of Threshold Event Collateral held by the Servicer shall promptly be returned to such Subordinate Noteholder(s) (at its/their
sole expense). Upon a Final Recovery Determination with respect to the Mortgage Loan, such Threshold Event Collateral shall be
available to reimburse each Noteholder for any realized loss pursuant to Sections 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 A-1-1 Principal Balance,
the Note A-1-2 Principal Balance, the Note A-2-1 Principal Balance, the Note A-2-2 Principal Balance, the Note A-2-3 Principal
Balance, the Note B-1 Principal Balance and the Note B-2 Principal Balance, as the case may be, plus accrued and unpaid interest
thereon at the applicable interest rate and all other Additional Servicing Expenses reimbursable under this Agreement and under
the Servicing Agreement. Any Threshold Event Collateral shall be treated as an “outside reserve fund” for purposes
of the REMIC Provisions and such property (and the right to reimbursement of any amounts with respect thereto from a REMIC) shall
be beneficially owned by the posting Noteholder who shall be taxed on all income with respect thereto. The entire amount of Threshold
Event Collateral, without a haircut or other reduction, shall be considered in determining the sufficiency of such Threshold Event
Collateral to avoid a Control Appraisal Period.

 

(h)  Regardless
of whether a Control Appraisal Period is in effect with respect to a Subordinate Note, each of the Master Servicer and the Special
Servicer shall provide to each Subordinate Noteholder copies of all notices, reports and information that the Servicing Agreement
requires such Master Servicer or Special Servicer, as the case may be, to provide to the Controlling Noteholder during such time
as no Control Appraisal Period is in effect.

 

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

 

(j)  Notwithstanding
anything to the contrary contained herein or in the Servicing Agreement, if at any time the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party is a Noteholder (a “Borrower Party Noteholder”), then (i) such Borrower Party Noteholder
shall not have any rights as a Controlling Noteholder or a Controlling Class Representative, (ii) such Borrower Party Noteholder
shall have no right to appoint or terminate the Master Servicer or Special Servicer, (iii) such Borrower Party Noteholder shall
have no right to consult with or advise the Master Servicer or Special Servicer, and shall have no right to review and approve
or comment on any Asset Status Report and (iv) in each and every instance where, pursuant to this Agreement or the Servicing Agreement,
the Master Servicer or Special Servicer must take into account the interests of each Noteholder (or words of similar import),
such consideration shall be given to the Borrower Party Noteholder only in its capacity as a holder of the applicable Note.

 

(k)  If
an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance with the terms
and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) the Mortgage Loan, subject
to the consent right of the Controlling Noteholder (or its Controlling Noteholder Representative), in which case such sale would
include each of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2, Note A-2-3, Note B-1 and Note B-2 as determined by the Special
Servicer in accordance with the Servicing Standard (taking into account the subordinate nature of the Subordinate Notes) or (2)
Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3 together, in which case of this clause (2) the Special Servicer
shall provide notice to the Non-Lead Master Servicer who shall provide notice to the related Non-Controlling A Noteholder of the
planned sale and of such Non-Controlling A Noteholder’s opportunity to submit an offer on Note A-1-1, Note A-1-2, Note A-2-1,
Note A-2-2 and Note A-2-3 together.

 

Each
Non-Lead Noteholder hereby appoints the Lead Securitization Noteholder as its agent, and grants to the Lead Securitization Noteholder
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 its respective Non-Lead Note. Each Non-Lead Noteholder further agrees that, upon the request of the
Lead Securitization Noteholder, the Non-Lead Noteholder shall execute and deliver to or at the direction of the Lead Securitization
Noteholder such powers of attorney or other instruments as the Lead Securitization Noteholder may reasonably request to better
assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver its respective
original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Securitization Noteholder in connection with the
consummation of any such sale. For the avoidance of doubt, this paragraph is subject to the consent right of the Controlling Noteholder
in the immediately preceding paragraph.

 

The
authority of the Lead Securitization Noteholder to sell a Non-Lead Note, and the obligations of a Non-Lead Noteholder to execute
and deliver instruments or deliver the Non-Lead Note upon request of the Lead Securitization Noteholder, shall terminate and cease
to be of any further force or effect upon the date, if any, upon which the Lead Securitization Note is repurchased by the Person
that sold such Lead Securitization Note into the Lead Securitization from the Lead Securitization Trust in connection with a material
breach of representation or

 

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warranty made by such Person with respect to the Lead Securitization Note or material document defect
with respect to the documents delivered by such Person with respect to the Lead Securitization Note upon the consummation of the
Lead Securitization. The preceding sentence shall not be construed to grant to the Non-Lead Securitization Noteholder the benefit
of any representation or warranty made by the Person that sold such Lead Securitization Note into the Lead Securitization or any
document delivery obligation imposed on such Person under any mortgage loan purchase and sale agreement, instrument of transfer
or other document or instrument that may be executed or delivered by such Person in connection with the Lead Securitization.

 

Section
6.          Appointment of Controlling Noteholder Representative.

 

(a)  The
Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise the rights
of the Note B-1 Holder and Note B-2 Holder hereunder (the “Controlling Noteholder Representative”) and to designate
itself or another Person to act as payment agent to receive payments due to the Note B-1 Holder and Note B-2 Holder hereunder.
The Controlling Noteholder shall have the right in its sole discretion at any time and from time to time to remove and replace
the Controlling Noteholder Representative. When exercising its various rights under Section 5 and elsewhere in this Agreement,
the Controlling Noteholder may, at its option, in each case, act through the Controlling Noteholder Representative. The Controlling
Noteholder Representative may be any Person (other than the Mortgage Loan Borrower, its principal or any Affiliate of the Mortgage
Loan Borrower), including, without limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder,
any Affiliate of the Controlling Noteholder or any other unrelated third party. No such Controlling Noteholder Representative
shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All actions that are permitted
to be taken by the Controlling Noteholder under this Agreement may be taken by the Controlling Noteholder Representative acting
on behalf of the Controlling Noteholder and other Noteholders (and any Servicer) will accept such actions of the Controlling Noteholder
Representative as actions of the Controlling Noteholder. The Lead Securitization Noteholder (or any Servicer on its behalf) shall
not be required to recognize any Person as a Controlling Noteholder Representative until the Controlling Noteholder has notified
the Lead Securitization Noteholder (and any Servicer) of such appointment and, if the Controlling Noteholder Representative is
not the same Person as the Controlling Noteholder, the Controlling Noteholder Representative provides the Lead Securitization
Noteholder (and any Servicer) with written confirmation of its acceptance of such appointment, an address, any fax number and
any email address 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, telephone numbers, any fax numbers
and any email addresses). The Controlling Noteholder shall promptly deliver such information to any Servicer. None of the Servicers,
Operating Advisor and Trustee shall be required to recognize any person as a Controlling Noteholder Representative until they
receive such information from the Controlling Noteholder. The Controlling Noteholder agrees to inform each such Servicer or Trustee
of the then-current Controlling Noteholder Representative.

 

(b)  Neither
the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to any other Noteholder or any
other Person for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing

 

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Agreement, or for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misconduct, bad
faith or gross negligence. The Noteholders agree that the Controlling Noteholder Representative and the Controlling Noteholder
may take or refrain from taking actions that favor the interests of one Noteholder over any other Noteholder, and that the Controlling
Noteholder Representative may have special relationships and interests that conflict with the interests of a Noteholder and, absent
willful misconduct, bad faith or gross negligence on the part of the Controlling Noteholder Representative or such Controlling
Noteholder, as the case may be, agree to take no action against the Controlling Noteholder Representative, such Controlling Noteholder
or any of their respective officers, directors, employees, principals or agents as a result of such special relationships or interests,
and that neither the Controlling Noteholder Representative nor such Controlling Noteholder will be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misconduct or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting solely in the interests of any Noteholder.

 

(c)  If
the Lead Securitization Noteholder is the Controlling Noteholder, each of the Note A-1-2 Holder, the Note A-2-1 Holder, the Note
A-2-2 Holder, the Note A-2-3 Holder and the Note B Holders acknowledges and agrees all of the aforementioned rights and obligations
of the Controlling Noteholder and the Controlling Noteholder Representative set forth in Section 5(f) and 5(g) and
this Section 6 shall be exercisable by the Lead Securitization Noteholder (or the applicable Person specified in the Servicing
Agreement) to the extent set forth in the Servicing Agreement.

 

Section
7.          Special Servicer. The Controlling Noteholder (or its Controlling Noteholder Representative), at its expense (including,
without limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated
Special Servicer), shall have the right, at any time from time to time, to appoint a replacement Special Servicer with respect
to the Mortgage Loan. The Controlling Noteholder (or its Controlling Noteholder Representative) shall be entitled to terminate
the rights and obligations of any Special Servicer under the Servicing Agreement, with or without cause, upon at least ten (10)
Business Days’ prior written notice to the Special Servicer (provided, however, that the Controlling Noteholder
and/or Controlling Noteholder Representative shall not be liable for any termination or similar fee in connection with the removal
of the Special Servicer in accordance with this Section 7); such termination not to be effective unless and until (A) the
successor Special Servicer maintains a Required Special Servicer Rating or, if not, each Rating Agency delivers a Rating Agency
Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B) the successor Special Servicer has assumed
in writing (from and after the date such successor Special Servicer becomes the Special Servicer) all of the responsibilities,
duties and liabilities of the Special Servicer under the Servicing Agreement from and after the date it becomes the Special Servicer
as they relate to the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory to the Trustee; and (C) the Trustee
shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect that (x) the designation of such
replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such replacement will be bound by
the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary qualifications and exceptions,
the applicable Servicing Agreement will be enforceable against such replacement in accordance with its terms. The Lead Securitization
Noteholder shall promptly provide copies to any terminated Special Servicer of the documents

 

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referred to in the preceding sentence.
The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder in order to satisfy the foregoing
conditions, including the Rating Agency Confirmation.

 

The
Controlling Noteholder agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions such that
any Special Servicer could be terminated under the Lead Securitization Servicing Agreement based on a recommendation by the Operating
Advisor if (A) the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the Special Servicer
has failed to comply with the Servicing Standard and (2) a replacement of the Special Servicer would be in the best interest of
the holders of securities issued under the Lead Securitization Servicing Agreement (as a collective whole) and (B) an affirmative
vote of requisite certificateholders is obtained. The Controlling Noteholder will retain its right to remove and replace the Special
Servicer, but the Controlling Noteholder may not restore a Special Servicer that has been removed in accordance with the preceding
sentence.

 

Section
8.          Payment Procedure.

 

(a)  The
Lead Securitization Noteholder (or the Master Servicer on its behalf), in accordance with the priorities set forth in Section
3 or 4, as applicable, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all
payments allocable to the Notes to the Collection Account or Companion Distribution Account established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Master Servicer on its behalf) shall establish a segregated sub-account
for amounts due to each Noteholder. The Lead Securitization Noteholder (or the Master Servicer acting on its behalf) shall deposit
such amounts to the applicable account within two (2) Business Days following the Lead Securitization Noteholder’s (or the
Master Servicer’s acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage
Loan Borrower; provided, however, that in the event the Master Servicer is in receipt of properly identified funds
that are not available to the Master Servicer, the Master Servicer may instead deposit such amounts into the Collection Account
and Companion Distribution Account, as applicable, on the same Business Day that such properly identified funds become available
to the Master Servicer.

 

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

 

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(c)  If,
for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder before
the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

 

(d)  Each
Noteholder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it will promptly remit such excess to the Lead Securitization Noteholder (or the
Servicer on its behalf) subject to this Agreement and the Servicing Agreement and to be distributed pursuant to the terms of this
Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf) shall have the right to offset any amounts due hereunder
from any other Noteholder, as applicable, with respect to the Mortgage Loan against any future payments due to such other Noteholder,
as applicable, under the Mortgage Loan, provided, that each Noteholder’s obligations under this Section 8
are separate and distinct obligations from one another and in no event shall the Lead Securitization Noteholder (or the Servicer
on its behalf) enforce the obligations of one Noteholder against another Noteholder. Each Noteholder’s obligations under
this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.          Limitation on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing
Agreement shall control) shall have any liability to any other Noteholder except with respect to losses actually suffered due
to the gross negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

 

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

 

Each
Subordinate Noteholder acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization
Noteholder (including any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if
such standard was applicable to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead
Securitization Noteholder (including any Non-Lead Servicer) may

 

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exercise, or omit to exercise, any rights that such Non-Lead Securitization
Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such
Subordinate Noteholder and that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability
whatsoever to such Subordinate Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights
or any omission by a Non-Lead Securitization Noteholder to exercise such rights other than as described above; provided,
however, that the Non-Lead Servicer must act in accordance with the servicing standard under the Non-Lead Securitization
Servicing Agreement.

 

Each
Noteholder acknowledges that, subject to the terms and conditions hereof, any other Noteholder may exercise, or omit to exercise,
any rights that such Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the
interests of each other Noteholder and that such Noteholder shall have no liability whatsoever to any other Noteholder in connection
with such Noteholder’s exercise of rights or any omission by such Noteholder to exercise such rights; provided, however,
that such Noteholder shall not be protected against any liability to any other Noteholder that would otherwise be imposed by reason
of willful misconduct, bad faith or negligence.

 

Section
10.          Bankruptcy. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder
hereby covenants and agrees that only the Lead Securitization Noteholder (or the Servicer on its behalf) 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. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder
further agrees that only the Lead Securitization Noteholder, as a creditor, can make any election, give any consent, commence
any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against the
Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. Subject to the provisions of Section
5(f), the Noteholders hereby appoint the Lead Securitization Noteholder as their agent, and grant to the Lead Securitization
Noteholder 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 Subordinate Noteholders and the Controlling Noteholder in connection with
any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including,
without limitation, the right to file and/or prosecute any claim, vote to accept or reject a plan, to make any election under
Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the
automatic stay with respect to the Mortgage Loan. The Noteholders, hereby agree that, upon the request of the Lead Securitization
Noteholder but subject to the provisions of Section 5(f), each other Noteholder shall execute, acknowledge and deliver
to the Lead Securitization Noteholder all and every such further deeds, conveyances and instruments as the Lead Securitization
Noteholder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions taken
by any Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

 

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Section
11.          Cure Rights of Subordinate Noteholders.

 

(a)  Subject
to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal or interest
on the Mortgage Loan by the end of the applicable grace period (the “Grace Period”) for such payment permitted
under the applicable Mortgage Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder shall
provide written notice to each Subordinate Noteholder and the Controlling Noteholder Representative of such default (the “Monetary
Default Notice”). The Note B Holders, acting unanimously, shall have the right, but not the obligation, to cure such
Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the “Cure Period”)
and at no other times. The Monetary Default Notice shall contain a statement that the Subordinate Noteholder(s)’ or the
Controlling Noteholder Representative’s failure to cure such Monetary Default within seven (7) Business Days after receiving
such notice will result in the termination of the right to cure such Monetary Default. At the time a payment is made by one or
more Subordinate Noteholder(s) to cure a Monetary Default, such Subordinate Noteholder(s) shall pay or reimburse the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder for all unreimbursed Advances
(whether or not recoverable with respect to any Note), Advance Interest Amounts, any unpaid fees to any Servicer and any Additional
Servicing Expenses. No Subordinate Noteholder shall 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 by the Lead Securitization Noteholder (including for
purposes of (i) the definition of “Sequential Pay Event,” (ii) accelerating the Mortgage Loan, modifying, amending
or waiving any provisions of the Mortgage Loan Documents or commencing proceedings for foreclosure or the taking of title by deed-in-lieu
of foreclosure or other similar legal proceedings with respect to the Mortgaged Property; or (iii) treating the Mortgage Loan
as a Specially Serviced Mortgage Loan); provided that such limitation shall not prevent the Lead Securitization Noteholder
from collecting Default Interest or late charges from the Mortgage Loan Borrower to be applied in accordance with this Agreement.
Any amounts advanced by a Noteholder on behalf of the Mortgage Loan Borrower to effect any cure shall be reimbursable to such
Noteholder under Section 3 or Section 4, as applicable.

 

(b)  Notwithstanding
anything to the contrary contained in Section 11(a), the Subordinate Noteholders’ right to cure under Section
11(a) shall be limited to a combined total of (i) six (6) cures of Monetary Defaults over the term of the Mortgage Loan, no
more than four (4) of which may be consecutive, and (ii) six (6) cures of Non-Monetary Defaults over the term of the Mortgage
Loan. Additional Cure Periods shall only be permitted with the consent of the Lead Securitization Noteholder.

 

(c)  No
action taken by a Subordinate Noteholder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower
of its obligations under the Mortgage Loan Documents and the Note A Holders’ respective rights under the Mortgage Loan Documents
shall not be waived or prejudiced by virtue of any Subordinate Noteholder’s actions under this Agreement. Subject to the
terms of this Agreement, each Subordinate Noteholder shall be subrogated to the Note A Holders’ respective rights to any
payment owing to such Note A Holders for which such Subordinate Noteholder makes a cure payment as permitted under this

 

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Section
11, but such subrogation rights may not be exercised against the Mortgage Loan Borrower until ninety-one (91) days after the
Note is paid in full.

 

(d)  If
an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to each Subordinate
Noteholder and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note B Holders, acting unanimously, shall have the right, but not the obligation, to cure such Non-Monetary Default until
the later of (a) the expiration date of the cure period afforded to the Mortgage Loan Borrower under the Mortgage Loan Documents,
without regard for the date of receipt by such Subordinate Noteholder(s) of the Non-Monetary Default Notice, and (b) the date
which is thirty (30) days from the date of receipt by such Subordinate Noteholder(s) of the Non-Monetary Default Notice related
to such Non-Monetary Default; provided, however, if such Non-Monetary Default is susceptible of cure but cannot
reasonably be cured within such period and if curative action was promptly commenced and is being diligently pursued by one or
more Subordinate Noteholder(s), such Subordinate Noteholder(s) (unless a Control Appraisal Period has occurred and is continuing
with respect to such Subordinate Noteholder(s)) shall be given an additional period of time as is reasonably necessary to enable
such Subordinate Noteholder(s) in the exercise of due diligence to cure such Non-Monetary Default for so long as (i) such Subordinate
Noteholder(s) diligently and expeditiously proceed to cure such Non-Monetary Default, (ii) such Subordinate Noteholder(s) make
all cure payments that they are permitted to make in accordance with the terms and provisions of Section 11(a) hereof,
(iii) such additional period of time does not exceed ninety (90) days, (iv) such Non-Monetary Default is not caused by an Insolvency
Proceeding or during such period of time that the Note B Holders have to cure a Non-Monetary Default in accordance with this Section
11(d) (the “Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during
such Non-Monetary Default Cure Period, there is no material adverse effect on the value, use or operation of the Mortgaged Property
taken as whole, which cannot be cured by the applicable Subordinate Noteholder(s) within five (5) days of such notice of such
material adverse effect. The Non-Monetary Default Notice shall contain a statement in bold lettering that the Subordinate Noteholders’
or the Controlling Noteholder Representative’s failure to cure such Non-Monetary Default within the applicable Non-Monetary
Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.
No Subordinate Noteholder shall contact the Mortgage Loan Borrower in order to effect any cures under Section 11(a) or
this Section 11(d) without the prior written consent of the Lead Securitization Noteholder (or the Servicer on its behalf),
such consent not to be unreasonably withheld, conditioned or delayed.

 

Section
12.          Purchase By Subordinate Noteholder(s). The Note B Holders, acting unanimously, shall have the right, by written
notice to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and Note A-2-3 Holder (a
“Noteholder Purchase Notice”; the sender(s) of such notice, the “Purchasing Noteholder”;
and each recipient of such notice, a “Selling Noteholder”), delivered at any time after delivery by the Lead
Securitization Noteholder or a Servicer of written notice to the Subordinate Noteholders that an Event of Default under the Mortgage
Loan or a Servicing Transfer Event has occurred and is continuing (such notice, a “Defaulted Mortgage Loan Notice”),
to purchase, in immediately available funds, Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3 (each Note

 

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specified
in the Noteholder Purchase Notice, a “Purchased Note”), in whole but not in part at the applicable Defaulted
Mortgage Loan Purchase Price. For avoidance of doubt, if one or more Subordinate Noteholder(s) elects to send a Noteholder Purchase
Notice pursuant to this Section 12, it/they must purchase the applicable Purchased Note(s). Upon the delivery of the Noteholder
Purchase Notice to the Selling Noteholder(s), the Selling Noteholder shall sell (and the Purchasing Noteholder shall purchase)
the Purchased Note(s) at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase
Date”) not less than ten (10) days and not more than sixty (60) days after the date of the Noteholder Purchase Notice,
as shall be mutually established by the Purchasing Noteholder and the Selling Noteholder(s). The Noteholder Purchase Notice shall
contain a statement that the Purchasing Noteholder’s failure to purchase the Purchased Note(s) on a Defaulted Note Purchase
Date (other than as a result of any failure to consummate such purchase on the part of the Selling Noteholder or as a result of
the conditions giving rise to such purchase ceasing to exist) will result in the termination of such right in respect of the Event
of Default that caused such purchase right to be exercisable and not in respect of any other Event of Default. Each Subordinate
Noteholder agrees that the sale of any Purchased Notes to it shall comply with all requirements of the Servicing Agreement and
that all actual reasonable out-of-pocket costs and expenses related thereto shall be paid by the applicable Purchasing Noteholder.
The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling Noteholder(s) (or the Servicer on its or their behalf)
three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation shall be accompanied by a listing of all
amounts included in the Defaulted Mortgage Loan Purchase Price and reasonably detailed back-up documentation explaining how such
price was determined), and shall, absent manifest error, be binding upon the Purchasing Noteholder. Concurrently with the payment
to the Selling Noteholder(s) in immediately available funds of the Defaulted Mortgage Loan Purchase Price, the Selling Noteholder(s)
shall execute at the sole cost and expense of the Purchasing Noteholder in favor of the Purchasing Noteholder assignment documentation
which will assign the Purchased Note(s) and the Mortgage Loan Documents without recourse, representations or warranties (except
each Selling Noteholder will represent and warrant that it had good and marketable title to, was the sole owner and holder of,
and had power and authority to deliver its Note and all of its right, title and interest in and to the Mortgage Loan Documents
free and clear of all liens and encumbrances (other than the interest created by the Note(s) that are not the Purchased Note(s))).
Upon the consummation of the purchase, Selling Noteholder(s) shall deliver all original Mortgage Loan Documents and other applicable
materials in its possession to the Purchasing Noteholder. The right of the Note B Holders to purchase one or more Notes as set
forth above in this Section 12 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 Noteholder shall give the
Subordinate Noteholders ten (10) Business Days’ prior written notice of its intent with respect to such action (which such
action shall be subject to Section 5 hereof)). Notwithstanding the foregoing sentence, if title to the Mortgaged Property
is transferred to the Lead Securitization Noteholder (or a designee on its behalf), in a manner commonly known as “the borrower
turning over the keys” and not otherwise in connection with a consummation by the Lead Securitization Noteholder of a foreclosure
sale or sale by power of sale or acceptance of a deed in lieu of foreclosure, less than ten (10) Business Days after the acceleration
of the Mortgage Loan, the Lead Securitization Noteholder shall notify each Subordinate Noteholder of such transfer and the Note
B Holders shall each have a fifteen (15) Business Day period from the date of such notice from the Lead Securitization Noteholder
to deliver the Noteholder Purchase Notice to the Lead

 

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Securitization Noteholder, in which case such Subordinate Noteholder shall
be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15) Business Day period
at the applicable Defaulted Mortgage Loan Purchase Price.

 

Section
13.          Representations of each Subordinate Noteholder. Each
Subordinate Noteholder represents, solely as to itself and its Subordinate Note, and it is specifically understood and agreed,
that it is acquiring such Note for its own account in the ordinary course of its business and none of the Note A-1-1 Holder, the
Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-2-3 Holder or the other Subordinate Noteholders shall
have any liability or responsibility to such Subordinate Noteholder except (i) as expressly provided herein or (ii) for actions
that are taken or omitted to be taken by the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder,
the Note A-2-3 Holder or such other Subordinate Noteholder that constitute gross negligence or willful misconduct or that constitute
a breach of this Agreement. Each Subordinate Noteholder represents and warrants solely as to itself that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action,
and does not contravene its charter or any law or contractual restriction binding upon such Subordinate Noteholder, and that this
Agreement is the legal, valid and binding obligation of such Subordinate Noteholder enforceable against such Subordinate Noteholder
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 Subordinate Noteholder represents
and warrants solely as to itself that it is duly organized, validly existing, in good standing and possesses of all licenses and
authorizations necessary to perform its obligations hereunder. Each Subordinate Noteholder represents and warrants as to itself
that (a) this Agreement has been duly executed and delivered by such Subordinate Noteholder, (b) to such Subordinate Noteholder’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 Subordinate Noteholder have been obtained
or made and (c) to such Subordinate Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration
or governmental investigation against such Subordinate Noteholder, an adverse outcome of which would materially and adversely
affect its performance under this Agreement.

 

Each
Subordinate Noteholder acknowledges that none of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note
A-2-2 Holder, the Note A-2-3 Holder or the other Subordinate Noteholders owes such Subordinate Noteholder any fiduciary duty with
respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate
Noteholder with respect to any action taken by such Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder,
Note A-2-3 Holder or other Subordinate Noteholder, as applicable, in connection with the Mortgage Loan.

 

Each
Subordinate Noteholder expressly and irrevocably waives for itself and any Person claiming through or under such Subordinate Noteholder
any and all rights that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions

 

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of any similar law which purports to give a junior loan noteholder the right to initiate any loan enforcement or foreclosure proceedings.

 

Section
14.          Representations of the Note A-1-1 Holder, the Note A-1-2 Holder,
the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder. Each of the Note A-1-1 Holder, the Note A-1-2
Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 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 Noteholder’s charter or any law or contractual restriction binding upon such Noteholder and
that this Agreement is the legal, valid and binding obligation of such Noteholder as applicable enforceable against it in accordance
with its terms. Each of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note
A-2-3 Holder represents and warrants that it is duly organized, validly existing, in good standing and possession of all licenses
and authorizations necessary to carry on its respective business. Each of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note
A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder represents and warrants that (a) this Agreement has been duly executed
and delivered by such Noteholder, (b) to such Noteholder’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 Noteholder have been obtained or made and (c) to such Noteholder’s actual knowledge, there is no
pending action, suit or proceeding, arbitration or governmental investigation against such Noteholder, an adverse outcome of which
would materially and adversely affect its performance under this Agreement.

 

Each
of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder acknowledges
that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the Mortgage Loan Documents
and, except as provided herein or in the Servicing Agreement, need not consult with such Noteholder with respect to any action
taken by such Noteholder in connection with the Mortgage Loan.

 

Section
15.          Independent Analysis of each Subordinate Noteholder. Each
Subordinate Noteholder acknowledges that it has, independently and without reliance upon the Initial Note A-1-1 Holder, the Initial
Note A-1-2 Holder, the Initial Note A-2-1 Holder, the Initial Note A-2-2 Holder or the Initial Note A-2-3 Holder, except with
respect to the representations and warranties provided by the Initial Note A-1-1 Holder, the Initial Note A-1-2 Holder, the Initial
Note A-2-1 Holder, the Initial Note A-2-2 Holder and the Initial Note A-2-3 Holder herein and in any documents or instruments
executed and delivered by the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note
A-2-3 Holder in connection herewith (including the representations and warranties provided in the agreement pursuant to which
it acquired its Subordinate Note), and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to purchase such Subordinate Note and such Subordinate Noteholder accepts responsibility therefor. Each
Subordinate Noteholder hereby acknowledges that, other than the representations and warranties provided herein and in such other
documents or instruments, none of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or
the Note A-2-3 Holder has made any representations or warranties with respect to the Mortgage Loan, subject to such representations
and warranties as

 

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provided by the Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder and Note A-2-3 Holder
herein and in such other documents and instruments, and that none of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1
Holder, the Note A-2-2 Holder or the Note A-2-3 Holder shall have any 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 Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the
Note A-2-2 Holder or the Note A-2-3 Holder in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency
or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage
Loan Borrower. Each Subordinate Noteholder assumes all risk of loss in connection with its Note except as specifically set forth
herein.

 

Section
16.          No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership,
association, joint venture or other entity. None of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note
A-2-2 Holder or the Note A-2-3 Holder shall have any obligation whatsoever to offer to any Subordinate Noteholder the opportunity
to purchase a Note interest in any future loans originated by the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder,
the Note A-2-2 Holder or the Note A-2-3 Holder, as applicable, or its Affiliates, and if such Note A-1-1 Holder, the Note A-1-2
Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or Note A-2-3 Holder chooses to offer to any Subordinate Noteholder the opportunity
to purchase a Note interest in any future mortgage loans originated by the Note A-1-1 Holder, the Note A-1-2 Holder, the Note
A-2-1 Holder, the Note A-2-2 Holder or the Note A-2-3 Holder or their respective Affiliates, such offer shall be at such purchase
price and interest rate as the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note
A-2-3 Holder, as applicable, chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation
whatsoever to purchase from either the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder
or the Note A-2-3 Holder a Note interest in any future loans originated by such Note A-1-1 Holder, the Note A-1-2 Holder, the
Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-2-3 Holder or their respective Affiliates.

 

Section
17.          Not a Security. No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act of
1933 or the Securities Exchange Act of 1934.

 

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

 

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Section
19.          Sale of the Notes.

 

(a)  Each
Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section
19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of the Note A-1-1 Holder, the
Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-2-3 Holder or any other Person, to Transfer 49% or
less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer shall be made in accordance
with the terms of this Section 19. Each Subordinate Noteholder shall have the right to Transfer its entire Note or any
portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly after the Transfer the Note A-1-1
Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder is provided with (x) a representation
from a transferee or such Subordinate Noteholder certifying that such transferee is a Qualified Institutional Lender, and (y)
a copy of the assignment and assumption agreement referred to in Section 20 and provided further, that such transfer would
not cause such Note to be held by more than five persons nor cause there to be no one person owning a majority of such Note and
(ii) to an entity that is not a Qualified Institutional Lender, provided that with respect to this clause (ii), such Subordinate
Noteholder obtains (1) prior to the Lead Securitization Date, the consent of the Lead Securitization Noteholder, such consent
not to be unreasonably withheld, conditioned or delayed, and (2) after the Lead Securitization Date, Rating Agency Confirmation
(and for avoidance of doubt, no consent of the Lead Securitization Noteholder shall be required after the closing of the Lead
Securitization); provided that in each of case (1) and (2), (x) promptly after the Transfer the Note A-1-1 Holder, the
Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder are each provided with a copy of the
assignment and assumption agreement referred to in Section 20 and (y) such transfer would not cause the subject Note to
be held by more than five persons; and provided further, however, that if such transfer would cause there to be no one
person owning a majority of the subject Note, then such transfer will not be permitted unless persons owning a majority of the
subject Note designate one of such persons to act on behalf of such persons owning such majority. If the subject Note is held
by more than one Noteholder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint a
representative to exercise all rights of such Subordinate Noteholder hereunder. As of the date hereof, the Note B-1 Holder and
the Note B-2 Holder hereby designate the Note B-1 Holder as the representative to exercise all of the rights of the Note B Holders
pursuant to this Section 19, until such time as the Note B Holders shall notify the other Noteholders in writing. Notwithstanding
the foregoing, without the Lead Securitization Noteholder’s prior consent, which may be withheld in the Lead Securitization
Noteholder’s sole and absolute discretion, no Subordinate Noteholder shall Transfer all or any portion of its Note to the
Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and void and shall
vest no rights in the purported transferee. Each Subordinate Noteholder agrees it will pay the expenses of the Lead Securitization
Noteholder (including all expenses of the Master Servicer and the Special Servicer) and the Non-Lead Securitization Noteholders
(including all expenses of the related Non-Lead Master Servicer and the related Non-Lead Special Servicer) in connection with
any such Transfer.

 

(b)  All
Transfers under Section 19(a) shall be made upon written notice to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note
A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder not later than the date of such Transfer, and each transferee shall
(i) execute an assignment and assumption agreement whereby such transferee assumes all or a ratable portion,

 

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as the case may be,
of the obligations of the applicable Subordinate Noteholder hereunder with respect to its Note from and after the date of such
assignment (or, in the case, of a pledge, collateral assignment or other encumbrance made in accordance with Section 19(e)
by such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate Noteholder made by a third-party
lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before the date on which such third-party
lender succeeds to the rights of such Subordinate Noteholder by foreclosure or otherwise, such third-party lender executes an
agreement that such lender shall be bound by the terms and provisions of this Agreement and the obligations of such Subordinate
Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement, unless the Servicing Agreement is not
then in effect with respect to the Mortgage Loan, in which event the parties will enter into or agree to be bound by any replacement
servicing agreement therefor in accordance with the provisions hereof. Upon the consummation of a Transfer of all or any portion
of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released from all liability arising
under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject of such Transfer), for
the period after the effective date of such Transfer (it being understood and agreed that the foregoing release shall not apply
in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject Subordinate Note as
described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate Note and for all
purposes of this Agreement, the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the
Note A-2-3 Holder need only recognize the majority holder of such Subordinate Note for purposes of notices, consents and other
communications between the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder or the Note
A-2-3 Holder, as applicable, and such majority holder of the subject Subordinate Note shall be the only Person authorized hereunder
to exercise any rights of such Subordinate Noteholder under this Agreement; provided, however, the majority holder
of the subject Subordinate Note may from time to time designate any other Person as an additional party entitled to receive notices,
consents and other communications and/or to exercise rights on behalf of such Subordinate Noteholder hereunder by delivering written
notice thereof to the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3
Holder, and, from and after delivery of such notice, such designee shall be so authorized hereunder and shall be the only party
entitled to receive such notices, consents and such other communications and/or to exercise such rights.

 

(c)  In
the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such Noteholder’s
obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible for the performance
of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue to deal solely and directly
with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement and the Servicing
Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such participation interest;
provided, however, that if the applicable participant is a Qualified Institutional Lender (and delivers to the other
Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional Lender), such Noteholder,
by written notice to the other Noteholders, may delegate to such participant such Noteholder’s right to exercise the rights
of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further, however, that
upon the occurrence of a Note B Control Appraisal Period, the aforesaid delegation of rights shall terminate and be of no further
force and effect with respect to Note B-1 or Note B-2.

 

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(d)  Each
of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder and the Note A-2-3 Holder shall
have the right to Transfer all or any portion of its Note without the prior consent of any other Noteholder (i) with respect to
Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3 prior to an Event of Default, to any party other than the Mortgage
Loan Borrower or any Mortgage Loan Borrower Related Party and (ii) after an Event of Default, to any party, including the Mortgage
Loan Borrower and any Mortgage Loan Borrower Related Party; provided, however, that following any Event of Default
under the Mortgage Loan, the Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder and Note A-2-3 Holder
may only transfer all or any portion of its Note to the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party with
the prior written consent of the Controlling Noteholder at any time when such Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1
Holder, Note A-2-2 Holder or Note A-2-3 Holder is not the Controlling Noteholder; provided further, however, that
following any Transfer of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3, as applicable, the Mortgage Loan continues
to be serviced in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For
the avoidance of doubt, subject to Section 12, no Noteholder or the Servicer shall have any right to Transfer or cause
the Transfer of any other Note. Notwithstanding the foregoing, without each non-transferring Note A Holder’s prior consent,
and, if any such non-transferring Note A Holder’s Note or any portion thereof is held in a Securitization Trust, without
a Rating Agency Confirmation with respect to the related Securitization, no Noteholder shall Transfer its Note or any portion
thereof (or a participation interest in such Note) to the Mortgage Loan Borrower or any Mortgage Loan Borrower Related Party and
any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.

 

(e)  Notwithstanding
any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Noteholder and that is either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in this
Section 19(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder or any person which
Controls such Noteholder that is secured by such Noteholder’s interest in the applicable Note and is structured as a repurchase
arrangement, shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified Institutional
Lender may not take title to the pledged Note without (a) prior to the first Securitization of any Note, the consent of each other
Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency Confirmation. Upon written notice
by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been effected (including the name and
address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of such notice and thereafter agrees:
(i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect of its obligations under this Agreement
of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) Business Days to cure
a default by the pledging Noteholder in respect of its obligations to each other Noteholder hereunder, but such Note Pledgee shall
not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement shall
be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably
withheld, conditioned or delayed; (iv) that such other Noteholder shall give to such Note Pledgee copies of any notice of default
under this Agreement simultaneously with the giving

 

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of same to the pledging Noteholder and accept any cure thereof by such Note
Pledgee which such pledging Noteholder has the right (but not the obligation) to effect hereunder, as if such cure were made by
such pledging Noteholder; (v) that such other Noteholder shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee
shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to such other
Noteholder; and (vi) that, upon written notice (a “Redirection Notice”) to each other Noteholder and any Servicer
by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable cure periods, under the pledging Noteholder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Noteholder and such Note Pledgee
(which notice need not be joined in or confirmed by the pledging Noteholder), and until such Redirection Notice is withdrawn or
rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Noteholder or Servicer would otherwise
be obligated to pay to the pledging Noteholder from time to time pursuant to this Agreement or any Servicing Agreement. Any pledging
Noteholder hereby unconditionally and absolutely releases each other Noteholder and any Servicer from any liability to the pledging
Noteholder on account of any Noteholder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer
or any such other Noteholder to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its rights
and remedies against the pledging Noteholder to such Note Pledgee (and accept an assignment in lieu of foreclosure as to such
collateral), in accordance with applicable law and this Agreement. In such event, the Noteholders and any Servicer shall recognize
such Note Pledgee (and any transferee other than the Mortgage Loan Borrower or any Affiliate thereof which is also a Qualified
Institutional Lender at any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and
its successor and assigns, as the successor to the pledging Noteholder’s rights, remedies and obligations under this Agreement,
and any such Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Noteholder
hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be
bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 19(e) shall remain
effective as to any Noteholder (and any Servicer) unless and until such Note Pledgee shall have notified any such Noteholder (and
any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

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

 

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

 

(ii)       The
Conduit Credit Enhancer and conduit manager (if Moody’s rates the Securitization) will be a Qualified Institutional Lender;

 

(iii)      Such
Noteholder will pledge (or sell, transfer or assign as part of a repurchase facility) its interest in the applicable Note to the
Conduit as collateral for the Conduit Inventory Loan;

 

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

 

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

 

Section
20.          Registration of Transfer. In connection with any Transfer of a Note (but excluding (x) any participant and (y) any
Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby
such transferee assumes all of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing
and agrees to be bound by the terms of this Agreement, including the restriction on Transfers set forth in Section 19,
from and after the date of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to execute
an assignment and assumption agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the
Servicing Agreement. In connection with a Transfer of a Note, the Agent shall not recognize any attempted or purported transfer
of any Note in violation of the provisions of Section 19 and this Section 20. Any such purported transfer shall
be absolutely null and void and shall vest no rights in the purported transferee. Each Noteholder desiring to effect such transfer
shall, and does hereby agree to, indemnify the Agent and any other Noteholder against any liability that may result if the transfer
is not made in accordance with the provisions of this Agreement. Upon the occurrence of the Lead Securitization, the Master Servicer
shall automatically become and be the Agent.

 

Section
21.          Registration of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the
Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any
transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement
referred to in Section 20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall
be registered in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner
and holder thereof for all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes
through a nominee. Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders.
To the extent another party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this
Section 21 solely for purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in registered
form for federal income tax purposes under Section 5.103-1(c) of the United States Treasury Regulations.

 

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Section
22.          Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby
be maintained, in a manner consistent with rules applicable to a grantor trust under subpart E, part I of subchapter J of chapter
1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties
will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to
create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation between the parties.

 

Section
23.          No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the
Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any
interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or
the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled
to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

 

Section
24.          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 (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

Section
25.          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 SITTING IN THE BOROUGH OF MANHATTAN, 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;

 

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(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
26.          Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument
in writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
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 or amendment (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 Servicing
Agreement, (ii) entered into pursuant to Section 38 of this Agreement or (iii) to correct or supplement any provision herein
that may be defective or inconsistent with any other provisions of this Agreement.

 

Section
27.          Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and permitted assigns. Except as provided herein, none of the provisions of
this Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject to Section 19, each
Noteholder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the assignee shall
be entitled to all rights and benefits of the applicable Noteholder hereunder, including, without limitation, the right to make
further assignments and grant additional Notes.

 

Section
28.          Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. 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
29.          Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference
only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration
in the construction of this Agreement.

 

Section
30.          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.

 

    68

    

    

 

Section
31.          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
32.          Withholding Taxes.

 

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

 

(b)  Each
Subordinate Noteholder shall and hereby agrees to indemnify the Lead Securitization Noteholder against and hold the Lead Securitization
Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees, expenses and disbursements
arising or resulting from any failure of the Lead Securitization Noteholder (or the Servicer on its behalf) to withhold Taxes
from payment made to such Subordinate Noteholder in reliance upon any representation, certificate, statement, document or instrument
made or provided by such Subordinate Noteholder to the Lead Securitization Noteholder in connection with the obligation of the
Lead Securitization Noteholder to withhold Taxes from payments made to such Subordinate Noteholder, it being expressly understood
and agreed that (i) the Lead Securitization Noteholder 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 Subordinate Noteholders shall, upon request of the Lead Securitization Noteholder, at its sole cost
and expense, defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization.

 

(c)  Contemporaneously
with the execution of this Agreement, and from time to time as reasonably requested by the Lead Securitization Noteholder or Servicer
during the term of this Agreement, each Subordinate Noteholder shall deliver to the Lead Securitization Noteholder or Servicer,
as applicable, evidence satisfactory to the Lead Securitization Noteholder substantiating whether such Subordinate Noteholder
is a Non-Exempt Person and whether the Lead Securitization Noteholder is obligated under applicable law to withhold Taxes on sums
paid to it with respect to the Mortgage Loan or otherwise under this Agreement, it being acknowledged by the parties hereto that
delivery of a certification in the form attached hereto as Exhibit D shall be satisfactory evidence that such Subordinate
Noteholder is not a Non-Exempt Person. Without limiting the effect of the foregoing, (i) if a Subordinate Noteholder (or, if such
Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of such Subordinate Noteholder) is created
or organized under the laws of the United States, any state thereof or the

 

    69

    

    

 

District of Columbia, it shall satisfy the requirements
of the preceding sentence by furnishing to the Lead Securitization Noteholder an Internal Revenue Service Form W-9 and (ii) if
a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of
such Subordinate Noteholder) 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 Subordinate Noteholder shall satisfy the
requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service Form W-8ECI,
Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be required from
time to time, duly executed by such Subordinate Noteholder; provided that such Subordinate Noteholder, without request,
shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current Form W-8 “expires”
or if there is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both
within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not be obligated to make any
payment hereunder to any Note B Holder in respect of Note B-1 or Note B-2 or otherwise until such Note B-1 Holder or Note B-2
Holder shall have furnished to the Lead Securitization Noteholder the requested forms, certificates, statements or documents.

 

Section
33.          Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall
act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the Notes. Notwithstanding anything
to the contrary in this Agreement, upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than
the Notes) shall be held by the Custodian (as defined in the Servicing Agreement). Each Note shall be held by the respective Noteholder
or a custodian appointed by such Noteholder.

 

Section
34.          Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has
provided an electronic mail address and only if such electronic mail is promptly followed by a written notice or (iv) certified
United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth
on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice given
as aforesaid. All written notices so given shall be deemed effective upon receipt.

 

All
notices and reports (including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization
Noteholder (or any Servicer on its behalf) to the Controlling Noteholder (or its Controlling Noteholder Representative), or by
the Controlling Noteholder (or its Controlling Noteholder Representative) to the Lead Securitization Noteholder as a Non-Controlling
Noteholder (or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including
to the Note B-1 Holder and the Note B-2 Holder regardless of whether a Note B Control Appraisal Period is continuing).

 

    70

    

    

 

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

 

Section
36.          Certain Matters Affecting the Agent.

 

(a)  The
Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

 

(b)  The
Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 20;

 

(c)  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;

 

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

 

(e)  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;

 

(f)  The
Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate or assignment
and assumption agreement delivered to the Agent pursuant to Section 20; and

 

(g)  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.

 

Section
37.          Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-1-1 Holder. In the event that the Agent is terminated pursuant to this Section 37, all of its rights and obligations
under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

 

The
Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed
to be bound by this Agreement and perform the duties of the Agent hereunder. Bank of America, as Initial Agent, may transfer its
rights and obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder. Bank of America,
as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer
declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent.
Notwithstanding the foregoing, the Noteholders hereby agree that, simultaneously with the closing of the Lead Securitization,
the Certificate Administrator shall be deemed to have been automatically appointed

 

    71

    

    

 

as the successor Agent under this Agreement
in place of the Initial Agent or any successor thereto prior to such Securitization without any further notice or other action.
The termination or resignation of the Certificate Administrator, as Certificate Administrator under the Servicing Agreement, shall
be deemed a termination or resignation of such Certificate Administrator as Agent under this Agreement.

 

Section
38.          Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii)(y) below, that if
the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-2-3 Holder, the Note B-1
Holder or the Note B-2 Holder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute
amended and restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal
of such Note to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate, at the requesting Noteholder’s
expense, with the resizing Noteholder to effect such resizing at such resizing Noteholder’s expense; provided that
(i) the aggregate principal balance of all outstanding New Notes following the creation thereof is no greater than the principal
balance of such Note or Notes immediately prior to the creation of the New Notes, (ii) the weighted average interest rate of all
outstanding New Notes following the creation thereof is the same as the interest rate of the related Note or Notes immediately
prior to the creation of the New Notes, and (iii) no such resizing shall (x) change the interest allocable to, or the amount of
any payments due to, any other Noteholder, or priority of such payments, or (y) increase any other Noteholder’s obligations
or decrease any other Noteholder’s rights, remedies or protections. In connection with any resizing of Note A-1-1, Note
A-1-2, Note A-2-1, Note A-2-2, Note A-2-3, Note B-1 or Note B-2, the related Noteholder may allocate its rights hereunder among
the New Notes in any manner in its sole discretion. No creation of New Notes in accordance with this Section 38 shall constitute
a Major Decision.

 

Section
39.          Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement, on
the other, this Agreement shall control.

 

Section
40.          Cooperation in Securitization.

 

(a)  Each
Noteholder acknowledges that any Noteholder may elect, in its sole discretion, to include its Note in a Securitization. In connection
with a Securitization of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3, at the request of the related Noteholder,
each other Noteholder shall use commercially reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and
to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards
to which the requesting Noteholder customarily adheres or which may be reasonably required in the marketplace or by the Rating
Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any modifications to
this Agreement or the Mortgage Loan Documents and to cooperate with the requesting Noteholder in attempting to cause the Mortgage
Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably requested by
the Rating Agencies to effect the Securitization; provided, however, that either in connection with the Securitization
or otherwise at any time prior to the Securitization no other Noteholder shall be required to modify or amend this Agreement or
any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith, if such modification or
amendment would (i) change the interest allocable to, or the amount of any

 

    72

    

    

 

payments due to or priority of any payments to be made
to, such Noteholder, (ii) increase such Noteholder’s obligations or decrease such Noteholder’s rights, remedies or
protections hereunder or under any Mortgage Loan Document, or (iii) otherwise materially adversely affect the rights and interests
of such Noteholder. In connection with any such Securitization of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 or Note A-2-3,
each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization such customary
non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be necessary to
satisfy its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that if it is not
the requesting Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating Agency and
the requesting Noteholder in connection with the preparation of any offering documents in connection with the Securitization,
and to review and respond reasonably promptly with respect to any information relating to it in any Securitization document, all
at the cost and expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the
requesting Noteholder pursuant to this Section 40 may be incorporated into the offering documents for a Securitization.
A requesting Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder or Note A-2-3 Holder and each Rating Agency
shall be entitled to rely on the information supplied by each other Noteholder pursuant to this Section 40.

 

(b)  The
Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder or Note A-2-3 Holder securitizing its Note may, at
its election, deliver to each other Noteholder drafts of the preliminary and final Securitization offering memoranda, prospectus,
preliminary prospectus and any other disclosure documents and (in the case of the Lead Securitization) the Servicing Agreement
simultaneously with distributions of any such documents to the general working group of the related Securitization. Each other
Noteholder may, at its election, review and comment thereon insofar as it relates to such other Noteholder and/or its Note, and,
if such other Noteholder elects to review and comment, such other Noteholder shall review and comment thereon as soon as possible
(but in no event later than (i) in the case of the first draft thereof, two (2) Business Days after receipt thereof and (ii) in
the case of each subsequent draft thereof, the deadline provided to the general working group of the related Securitization for
review and comment), and if such other Noteholder fails to respond within such time, such other Noteholder shall be deemed to
have elected to not comment thereon (but no failure to comment shall constitute a waiver of such other Noteholder’s rights
hereunder or under the Mortgage Loan Documents). In the event of any disagreement between any such other Noteholder with respect
to the preliminary and final offering memoranda, prospectus, free writing prospectus or any other disclosure documents the requesting
Noteholder’s determination shall control (the parties acknowledging that no inaccuracy in such documents shall in any respect
prejudice any such other Noteholder’s rights hereunder or under the Mortgage Loan Documents). No such other Noteholder shall
have any obligation or liability with respect to any such offering documents other than the accuracy of any comments it elects
to make regarding itself.

 

(c)  Notwithstanding
anything herein to the contrary, each of the Note A-1-1 Holder, the Note A-1-2 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder
and the Note A-2-3 Holder acknowledges and agrees that (i) no other Noteholder shall be required to incur any out-of-pocket expenses
in connection with their respective Securitizations of Note A-1-1, Note A-1-2, Note A-2-1, Note A-2-2 and Note A-2-3, and (ii)
any such other Noteholder shall only be required to disclose such customary non-confidential information reasonably determined
by the requesting

 

    73

    

    

 

Note A-1-1 Holder, Note A-1-2 Holder, Note A-2-1 Holder, Note A-2-2 Holder or Note A-2-3 Holder, as applicable,
to be necessary to satisfy its disclosure obligations in connection with its Securitization.

 

[SIGNATURE
PAGE FOLLOWS]

 

    74

    

    

 

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

 

	 	INITIAL NOTE A-1-1 HOLDER AND
    INITIAL AGENT:
	 	 
	 	BANK OF AMERICA, N.A.
	 	 
	 	By:	/s/
    Steven Wasser
	 	 	Name:
    Steven Wasser
Title: Managing Director

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE A-1-2 HOLDER:
	 	 
	 	BANK OF AMERICA, N.A.
	 	 
	 	By:	/s/
    Steven Wasser
	 	 	Name:
    Steven Wasser
Title: Managing Director

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE A-2-1 HOLDER:
	 	 
	 	BARCLAYS
BANK PLC
	 	 
	 	By:	/s/
    Sabrina Khable
	 	 	Name:
    Sabrina Khable
Title: Authorized Signatory

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE A-2-2 HOLDER:
	 	 
	 	BARCLAYS
BANK PLC
	 	 
	 	By:	/s/
    Sabrina Khable
	 	 	Name:
    Sabrina Khable
Title: Authorized Signatory

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE A-2-3 HOLDER:
	 	 
	 	BARCLAYS
BANK PLC
	 	 
	 	By:	/s/
    Sabrina Khable
	 	 	Name:
    Sabrina Khable
Title: Authorized Signatory

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE B-1 HOLDER:
	 	 
	 	BANK OF AMERICA, N.A.
	 	 
	 	By:	/s/
    Steven Wasser
	 	 	Name:
    Steven Wasser
Title: Managing Director

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

	 	INITIAL
NOTE B-2 HOLDER:
	 	 
	 	BARCLAYS
BANK PLC
	 	 
	 	By:	/s/
    Sabrina Khable
	 	 	Name:
    Sabrina Khable
Title: Authorized Signatory

 

Fair
Oaks Mall Co-Lender Agreement – Signature Page

 

     

     

    

 

EXHIBIT
A

MORTGAGE LOAN SCHEDULE

 

A.       Description
of Mortgage Loan:

  

	Mortgage
    Loan:	 
	Date
    of the Mortgage Loan:	April
    27, 2018
	Date
    of Note A-1-1:	April
    27, 2018
	Date
    of Note A-1-2:	April
    27, 2018
	Date
    of Note A-2-1:	April
    27, 2018
	Date
    of Note A-2-2:	April
    27, 2018
	Date
    of Note A-2-3:	April
    27, 2018
	Date
    of Note B-1:	April
    27, 2018
	Date
    of Note B-2:	April
    27, 2018
	Initial
    Principal Amount of Mortgage Loan:	$260,000,000
	Location
    of Mortgaged Property:	Fairfax,
    Fairfax County, VA
	Stated
    Maturity Date:	May
    10, 2023

 

    A-1 

     

    

 

B.       Description
of Note Interests:

 

	Initial
    Note A-1-1 Principal Balance:	$85,000,000
	Initial
    Note A-1-2 Principal Balance:	$28,750,000
	Initial
    Note A-2-1 Principal Balance:	$20,000,000
	Initial
    Note A-2-2 Principal Balance:	$20,625,000
	Initial
    Note A-2-3 Principal Balance:	$20,625,000
	Initial
    Note B-1 Principal Balance:	$55,250,000
	Initial
    Note B-2 Principal Balance:	$29,750,000
	Initial
    Note A Percentage Interest:	67.31%
	Initial
    Note B Percentage Interest:	32.69%
	Note
    A Rate:	4.258%
	Note
    B Rate:	7.500%

 

    A-2 

     

    

 

EXHIBIT
B

 

Initial
Note A-1-1 Holder, Initial Note A-1-2 Holder and Initial Note B-1 Holder:

 

Bank
of America, N.A.

NC1-027-15-01

214 North Tryon Street

Charlotte, North Carolina 28255

Attention: Steven L. Wasser

Email: steve.l.wasser@baml.com

 

with
a copy to:

W. Todd Stillerman, Esq.

Bank of America Corporation

NC1-027-20-05

214 North Tryon Street, 20th Floor

Charlotte, North Carolina 28255

Email: todd.stillerman@bankofamerica.com

 

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

 

Barclays
Bank PLC

745 Seventh Avenue

New York, New York 10019

Attention: Sabrina Khabie 

Email:
sabrina.khabie@barclays.com

 

    B-1 

     

    

 

EXHIBIT
C

PERMITTED FUND MANAGERS

 

		1.	Alliance
                                         Bernstein

		2.	Annaly
                                         Capital Management

		3.	Apollo
                                         Real Estate Advisors

		4.	Archon
                                         Capital, L.P.

		5.	BlackRock,
                                         Inc.

		6.	Clarion
                                         Partners

		7.	Colony
                                         Capital, LLC / Colony Financial, Inc.

		8.	Dune
                                         Real Estate Partners

		9.	Eightfold
                                         Real Estate Capital, L.P.

		10.	Fortress
                                         Investment Group, LLC

		11.	Garrison
                                         Investment Group

		12.	Goldman,
                                         Sachs & Co.

		13.	H/2
                                         Capital Partners LLC

		14.	iStar
                                         Financial Inc.

		15.	J.P.
                                         Morgan Investment Management Inc.

		16.	LoanCore
                                         Capital

		17.	Lone
                                         Star Opportunity Funds

		18.	Normandy
                                         Real Estate Partners

		19.	Northwood
                                         Investors LLC

		20.	One
                                         William Street Capital Management, L.P.

		21.	Och-Ziff
                                         Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.

		22.	Praedium
                                         Group

		23.	Rialto
                                         Capital Management, LLC

		24.	Rialto
                                         Capital Advisors LLC

		25.	Rockpoint
                                         Group

		26.	Rockwood

		27.	RREEF
                                         Funds

		28.	Square
                                         Mile Capital Management

		29.	Starwood
                                         Capital Group/Starwood Financial Trust

		30.	Teachers
                                         Insurance and Annuity Association of America

		31.	The
                                         Blackstone Group

		32.	The
                                         Carlyle Group

		33.	Walton
                                         Street Capital, L.L.C.

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

 

    C-1 

     

    

 

EXHIBIT
D

 

PORTFOLIO
INTEREST CERTIFICATION

 

Reference
is hereby made to the Agreement Between Noteholders, dated as of April 27, 2018 (as amended, supplemented or otherwise modified
from time to time, the “Agreement”), by and between Bank of America, N.A. and Barclays Bank PLC, and each lender
from time to time party thereto.

 

Pursuant
to the provisions of Section 32 (Withholding Taxes) of the Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the promissory note evidencing Note [B-1][B-2] in respect of which it is providing this certificate,
(ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the
Mortgage Loan Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation
related to the Mortgage Loan Borrower as described in Section 881(c)(3)(C) of the Code.

 

The
undersigned has furnished the Master Servicer and the Mortgage Loan Borrower with a certificate of its non-U.S. Person status
on IRS Form W-8BEN-E.

 

Unless
otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.

 

[NAME
OF LENDER]

 

	By:	 	 
	Name:	 
	Title:	 

 

Date:
________ __, 20[   ]

 

    D-1

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