Document:

Exhibit 4.12

AGREEMENT BETWEEN NOTE HOLDERS

Dated as of December 21, 2018

by and between

COLUMN FINANCIAL, INC.

(Initial Note A-1 Holder),

COLUMN FINANCIAL, INC.

(Initial Note A-2 Holder)

And

COLUMN FINANCIAL, INC.

(Initial Note A-3 Holder)

Darden HQ

 

     

     

    

TABLE OF CONTENTS

Page 

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

 

     

     

    

This AGREEMENT BETWEEN
NOTE HOLDERS (this “Agreement”), dated as of December 21, 2018 by and between COLUMN FINANCIAL, INC., a Delaware
corporation (“Column” and, together with its successors and assigns in interest, in its capacity as initial
owner of Note A-1 described below, the “Initial Note A-1 Holder” and, in its capacity as the initial agent,
the “Initial Agent”), COLUMN FINANCIAL, INC., a Delaware corporation (“Column” and, together
with its successors and assigns in interest, in its capacity as initial owner of Note A-2 described below, the “Initial
Note A-2 Holder”) and COLUMN FINANCIAL, INC., a Delaware corporation (“Column” and, together
with its successors and assigns in interest, in its capacity as initial owner of Note A-3 described below, the “Initial
Note A-3 Holder”; Initial Note A-1 Holder, Initial Note A-2 Holder and Initial Note A-3 Holder are referred to collectively
herein as the “Initial Note Holders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein), Column, 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 (collectively, the “Mortgage Loan Borrower”), evidenced,
inter alia, by three (3) promissory notes, each executed as of December 21, 2018, and made by the Mortgage Loan Borrower
as follows: Replacement Severed Promissory Note A-1, in favor of Column, as lender, in the original principal amount of $60,000,000.00
(“Note A-1”), Replacement Severed Promissory Note A-2, in favor of Column, as lender, in the original principal
amount of $30,000,000.00 (“Note A-2”) and Replacement Severed Promissory Note A-3, in favor of Column, as lender,
in the original principal amount of $20,000,000.00 (“Note A-3”). The Notes are secured by a first priority deed
of trust (as amended, modified or supplemented, the “Mortgage”) on certain real property located as described
on the Mortgage Loan Schedule (the “Mortgaged Property”);

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

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

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

“Acceptable
Insurance Default” shall have the meaning set forth in the Lead Securitization Servicing Agreement.

“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, as of the date of this Agreement, is the office of the Initial Note
A-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 Note Holders.

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

“Approved
Sample PSA” means the pooling and servicing agreement that governs the commercial mortgage-backed securities transaction
commonly known as CSAIL [__________] Commercial Mortgage Trust.

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

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed as provided in the Lead Securitization Servicing Agreement.

“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.

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

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

“CDO Asset
Manager” with respect to any Securitization Vehicle 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
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.

“Commission”
shall have the meaning assigned to such term in Section 2(h)(viii).

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

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“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, and the terms “Controlling”
and “Controlled” shall have meanings correlative thereto.

“Controlling
Note” shall mean Note A-1.

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in such Securitization designated as the “controlling class” or any other party that
is assigned the rights to exercise the rights of the “Controlling Note Holder” hereunder, as and to the extent provided
in the related Securitization Servicing Agreement; including without limitation, subject to any restrictions applicable to the
Mortgage Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the Lead Securitization Servicing Agreement.

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

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

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

“Defaulted
Loan” shall have the meaning set forth in the Securitization Servicing Agreement.

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

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

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

“First Securitization”
shall mean the earliest to occur of the Note A-1 Securitization, the Note A-2 Securitization and the Note A-3 Securitization.

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

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“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 A-3 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 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, 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 (or entities as applicable).

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

“Interested
Person” shall mean the Depositor, any Non-Lead Depositor, the Master Servicer, any Non-Lead Master Servicer, the Special
Servicer, any Non-Lead Special Servicer, the Trustee, any 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 Note Holder, the Controlling Note Holder Representative, any Non-Controlling Note Holder, any Non-Controlling
Note Holder Representative, any holder of a related mezzanine loan, or any known Affiliate of any such party described above.

“Interim
Servicing Agreement” shall mean that certain interim servicing agreement between KeyBank National Association and Column
dated as of June 30, 2002 (as may be amended from time to time).

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“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.

“Lead Securitization”
shall mean (a) if the First Securitization is also the Note A-1 Securitization, such First Securitization and (b) if
the First Securitization is not also the Note A-1 Securitization, then (i) for the period from the closing date of
the First Securitization until the Note A-1 Securitization Date, the First Securitization and (ii) on and after the
Note A-1 Securitization Date, the Note A-1 Securitization.

“Lead Securitization
Directing Certificateholder” shall mean the “Directing Certificateholder” as defined in the Lead Securitization
Servicing Agreement.

“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, as of any date of determination, the pooling and servicing agreement that governs the
Securitization that is then the Lead Securitization; provided that during any period that the Mortgage Loan is no longer
subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement”
shall be determined in accordance with the second paragraph of Section 2(a).

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

“Major Decisions”
shall mean “Major Decisions” as defined in the Lead Securitization Servicing Agreement.

“Master Servicer”
shall mean the master servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization
Servicing Agreement.

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

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

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

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

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“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of December 21, 2018, between Column, as lender, and the Mortgage
Loan Borrower, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the
terms hereof.

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

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

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

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

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

“New Notes”
shall have the meaning assigned to such term in Section 33.

“Non-Controlling
Note” means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling
Note” hereunder pursuant to Section 33.

“Non-Controlling
Note Holder” means any holder of a Non-Controlling Note; provided that at any time such holder’s respective
Note is included in a Securitization, references to such “Non-Controlling Note Holder” herein shall mean the holders
of the majority of the class of securities issued in such Securitization designated as the “controlling class” (or
analogous term) or such other party assigned the rights to exercise the rights of such “Non-Controlling Note Holder”
hereunder, as and to the extent provided in the related Securitization Servicing Agreement (including, without limitation, subject
to any restrictions applicable to the Mortgage Loan Borrower or affiliates of the Mortgage Loan Borrower provided in the 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. 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 as the representative of the
“controlling class” holder(s) in respect of any Note that is exercising the rights of a “Non-Controlling Note
Holder” herein or under the Lead Securitization Servicing Agreement (it being understood for the avoidance of doubt that
the Lead Securitization Note Holder (or the Master Servicer or Special Servicer on its behalf) may additionally need to deal with
the master servicer, special servicer or other person party to the related Securitization Servicing Agreement) and (x) to
the extent that the related Securitization Servicing Agreement assigns such rights to more than one such party or (y) to the
extent any Note is split into two or more New Notes pursuant to Section 33, for purposes of this Agreement, each applicable
Securitization Servicing Agreement shall designate one such party to deal with the Lead Securitization Note Holder (or the Master

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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 a Non-Controlling Note Holder, as a Non-Controlling Note Holder
under this Agreement.

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

“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 any Servicer on behalf of the Note Holders 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 the Non-Lead Securitization Servicing Agreement.

“Non-Lead
Certificate Administrator” shall mean the “certificate administrator” under the Non-Lead Securitization Servicing
Agreement.

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

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

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

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

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

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

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

“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, trust and servicing agreement or servicing agreement entered into
in connection with such Non-Lead Securitization.

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

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

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder that is not 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 “Note A-1 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-1 received by the Note A-1 Holder
or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

“Note A-1
PSA” shall mean the pooling and servicing agreement entered into in connection with the 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-1
Securitization Date” shall mean the closing date of the Note A-1 Securitization.

“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 “Note A-2 Principal
Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2 received by the Note A-2 Holder
or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

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

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

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

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

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

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

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

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

“Note Holder
Representative” shall mean a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative,
as applicable.

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

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

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

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

“Operating
Advisor” shall mean the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

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

    		-9-	 

     

    

“Percentage
Interest” shall mean, with respect to any Note Holder, a fraction, expressed as a percentage, the numerator of which
is the principal balance of the related Note and the denominator of which is the principal balance of the Mortgage Loan.

“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

(c)               
one or more of the following:

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

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

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

(iv)           
an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital
commitments of at least $250,000,000, in which (A) any Initial Note Holder, (B) a person that is otherwise a Qualified
Institutional Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar
to the entities referred to in clause (i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general
partner, managing member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle
and provided that at least 50% of the equity interests in such investment vehicle are owned, directly or indirectly, by
one or more entities that are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total
asset requirements set forth below in the definition), or

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

in the case of any entity referred to
in clause (c)(i), (ii), (iv)(B) or (v) of this definition, (x) such entity has at least $200,000,000
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

    		-11-	 

     

    

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

(d)              
any entity Controlled by any of the entities described in clause (c) (other than clause (c)(iii)) above
or that is the subject of a Rating Agency Confirmation as a Qualified Institutional Lender for purposes of this Agreement from
each of the Rating Agencies engaged by the Depositor and any Non-Lead Depositor to rate the securities issued by the related Securitization
Trust.

“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 in either of the then in effect top two 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 to rate the securities issued in connection with the Securitization
of the related Note; provided 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
by the related depositor (or its Affiliate) from time to time to rate the securities issued in connection with the Securitizations
of the Notes.

“Rating Agency
Communication” shall mean, with respect to any action and any Securitization, any written communication intended for
a Rating Agency, which shall be delivered at least ten (10) Business Days prior to completing such action, in electronic document
format suitable for website posting to the 17g-5 information provider under the applicable Securitization Servicing Agreement.

“Rating Agency
Confirmation” shall mean, with respect to any Securitization, a confirmation in writing by each of the applicable Rating
Agencies for such Securitization 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 such Securitization that are then outstanding. If no such securities are outstanding
with respect to any Securitization, any action that would otherwise require a Rating Agency Confirmation shall instead require
the consent of the Lead Securitization Note 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 engage 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

    		-12-	 

     

    

obtained for purposes of this Agreement.
For purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for a Rating Agency
Confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in 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 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.

“Reimbursement
Rate” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement, but in no case shall
be greater than the “Reimbursement Rate” as defined in the Approved Sample PSA.

“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 “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 has a ranking
by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not
issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage
loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and
Morningstar 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

    		-13-	 

     

    

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

“S&P”
shall mean S&P Global Ratings, and its successors in interest.

“Securities
Act” shall mean the Securities Act of 1933.

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

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

“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 one or more of the Notes are held.

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

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

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

“Servicer
Termination Event” shall have the meaning assigned such term or analogous term in the Lead Securitization Servicing Agreement.

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

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

    		-14-	 

     

    

“Special
Servicer” shall mean the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided
in the Lead Securitization Servicing Agreement.

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

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

“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
prior to the Securitization Date pursuant to the Interim Servicing Agreement, and from and after the Securitization Date by the
Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement;
provided that the Master Servicer shall not be obligated to make advance monthly payments of principal and 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 make Servicing Advances, subject to the terms of the Lead Securitization Servicing Agreement. Each Note Holder
acknowledges that any 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 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 Special Servicer as the initial Special Servicer by the Controlling Note
Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the
Mortgage Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer,
the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization
Servicing Agreement (subject at all times to the rights of such Note Holder set

    		-15-	 

     

    

forth herein and in the Lead Securitization
Servicing Agreement). The Lead Securitization Servicing Agreement shall not require the Servicer to enforce the rights of one Note
Holder against the other Note Holder, and shall not limit the Servicer in enforcing the rights of one Note Holder against any other
Note Holder, as may be required in order to service the Mortgage Loan as contemplated by this Agreement and the Lead Securitization
Servicing Agreement; provided that it is also understood and agreed that nothing in this sentence shall be construed to
otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant to
the Lead Securitization Servicing Agreement (i) 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, (ii) to provide information
to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing
duties under each Non-Lead Securitization Servicing Agreement, and (iii) to 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 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 such Securitization for such Non-Lead Securitization Note; provided further, 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 force
and effect with respect to the Mortgage Loan, by the applicable Servicer in the Lead Securitization or by any Person appointed
by the Lead Securitization Note Holder that is a qualified servicer meeting the requirements of the Lead Securitization Servicing
Agreement. The Note Holders acknowledge that at any time that the Mortgage Loan is no longer subject to the provisions of the Lead
Securitization Servicing Agreement, the Master Servicer shall have no further obligation to make P&I Advances with respect
to the Mortgage Loan.

(b)              
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee or
the Special Servicer, to the extent provided in the Lead Securitization Servicing Agreement) shall make the following advances,
subject to the terms of the Lead Securitization Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage
Loan and (ii) P&I Advances on the Lead Securitization Note. 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 Collection
Account (as defined in the Lead Securitization Servicing Agreement) and/or the Companion Distribution Account (as defined in the
Lead Securitization Servicing Agreement) 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 Servicing Advances that are Nonrecoverable Advances, if such funds on deposit
in the

    		-16-	 

     

    

Collection Account and/or Companion
Distribution 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 interest on a Servicing Advance (including any Servicing Advance that is a Nonrecoverable Advance) at the Reimbursement Rate
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 Servicing Advance that
is a Nonrecoverable Advance or any interest on a Servicing Advance (including any Servicing Advance that is a Nonrecoverable Advance)
at the Reimbursement Rate, each Non-Lead Securitization Note Holder (including any Securitization Trust into which such Non-Lead
Securitization Note is deposited) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead
Securitization for its pro rata share of such Servicing Advance that is a Nonrecoverable Advance or interest thereon at
the Reimbursement Rate.

In addition, any Non-Lead
Securitization Note Holder (including, but not limited to, any Securitization Trust into which such Non-Lead Securitization Note
is deposited) 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 Operating Advisor or the Depositor, as applicable, is entitled to be
reimbursed pursuant to the Lead Securitization Servicing Agreement, to the extent amounts on deposit in the related Companion Distribution
Account are insufficient for reimbursement of such amounts. Each Non-Lead Securitization Note Holder agrees to indemnify (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 Depositor,
the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee and the Operating Advisor (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) (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 servicing and administration of the Mortgage Loan (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 related “Companion Distribution Account” are insufficient for reimbursement
of such amounts, each 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; provided that a Non-Lead Securitization Note Holder’s duty to pay, if any, Indemnified Items to the
Operating Advisor shall be subject to any limitations and conditions (including limitations and conditions with respect to the
timing of such payments and the sources of funds for such payments) as may be set forth from time to time in the related Non-Lead
Securitization Servicing Agreement with respect to the Non-Lead Operating Advisor.

    		-17-	 

     

    

Any Non-Lead Master
Servicer (or Non-Lead Trustee (if not made by such Non-Lead Master Servicer)) may be required to make P&I Advances on the respective
Non-Lead Securitization Note, from time to time, subject to the terms of the related 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. Any Non-Lead
Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee under any Non-Lead Securitization Servicing Agreement, as applicable,
shall be entitled to make its own recoverability determination with respect to a P&I Advance to be made on the related Non-Lead
Securitization Note based on the information that they have on hand and in accordance with the related Non-Lead Securitization
Servicing Agreement. The Master Servicer or the Trustee, as applicable, and the related Non-Lead Master Servicer or related Non-Lead
Trustee, as applicable, shall each be required to notify the other 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 a Non-Lead Master Servicer, Non-Lead Special Servicer or 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 such Non-Lead Master
Servicer or Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee) shall notify the Master
Servicer and the Trustee, or the related Non-Lead Master Servicer and any related Non-Lead Trustee, as the case may be, within
two (2) Business Days of making such determination. Each of the Master Servicer and the Trustee, any Non-Lead Master Servicer and
any Non-Lead Trustee, as applicable, shall only be entitled to reimbursement for a P&I Advance that becomes non-recoverable
and advance interest thereon first, from the related Companion Distribution Account from amounts allocable to the Note for
which such P&I Advance was made, and then, if such 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 a Non-Lead Securitization Note, from general collections of the related Securitization Trust, as and
to the extent provided in the related Non-Lead Securitization Servicing Agreement.

(c)               
Each Non-Lead Securitization Note Holder, if its Non-Lead Securitization Note is included in a Securitization, 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 Servicing Advances that
are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and any additional trust fund expenses under the Lead
Securitization Servicing Agreement, but only to the extent that they relate to

    		-18-	 

     

    

servicing and administration of
the Notes, including without limitation, any unpaid Special Servicing Fees, Liquidation Fees and Workout Fees relating to the Notes,
and that if the funds received with respect to each respective Note are insufficient to cover such Servicing Advances or additional
trust fund expenses, (x) the related Non-Lead Master Servicer will be required to, promptly following notice from the Master
Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer, the Certificate Administrator, the
Trustee or the Operating Advisor, as applicable, out of general collections in the collection account (or equivalent account) established
under such Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share
of any such Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional
trust fund expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan, and (y) if the Lead Securitization
Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee or the Operating
Advisor to reimburse itself from the Lead Securitization Trust’s general collections, then the Master Servicer, the Special
Servicer, the Certificate Administrator, the Trustee or the Operating Advisor, as applicable, may do so and the related Non-Lead
Master Servicer will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse
the Lead Securitization Trust out of general collections in the collection account (or equivalent account) established under such
Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such
Servicing Advances that are Nonrecoverable Advances (and interest thereon at the Reimbursement Rate) and/or additional trust fund
expenses under the Lead Securitization Servicing Agreement relating to the Mortgage Loan;

(ii)               
each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of Lead Securitization Servicing Agreement) by the Securitization Trust holding such Non-Lead Securitization Note, 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 are insufficient for reimbursement of such amounts, the related Non-Lead Master Servicer
will be required to reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency out
of general collections in the collection account (or equivalent account) established under such Non-Lead Securitization Servicing
Agreement; provided that a Non-Lead Securitization Servicing Agreement shall be deemed to include the same limitations and
conditions on the payment or reimbursement of Indemnified Items to the Operating Advisor (including limitations and conditions
with respect to the timing of such payments or reimbursements and the sources of funds for such payments or reimbursements) as
may be set forth from time to time in such Non-Lead Securitization Servicing Agreement with respect to such Non-Lead Operating
Advisor.

(iii)               
a party to the related Non-Lead Securitization Servicing Agreement will be required to deliver to the Trustee, the Certificate
Administrator, the Special Servicer and the Master Servicer (x) promptly following Securitization of such Non-Lead Securitization
Note, notice of the deposit of such Non-Lead Securitization Note into a

    		-19-	 

     

    

Securitization Trust (which notice
may be by email and shall also provide contact information for the related Non-Lead Trustee, Non-Lead Certificate Administrator,
Non-Lead Master Servicer, Non-Lead Special Servicer and the party designated to exercise the rights of the “Non-Controlling
Note Holder” under this Agreement), accompanied by a certified copy of such executed Non-Lead Securitization Servicing
Agreement and (y) notice of any subsequent change in the identity of the related Non-Lead Master Servicer or the party designated
to exercise the rights of the related “Non-Controlling Note Holder” under this Agreement (together with the relevant
contact information); and

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

(d)              
Reserved.

(e)               
Prior to the Securitization of any Note (including any New Note), all notices, reports, information or other deliverables
required to be delivered to a 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 Note Holder (or its Note Holder Representative) and, when so delivered to such Note Holder (or Note Holder Representative,
as applicable), 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 the Securitization of any Non-Lead Securitization Note (including any New Note), as applicable, all notices,
reports, information or other deliverables required to be delivered to a 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 master servicer and the special servicer with respect to such Securitization (who then may forward such
items to the party entitled to receive such items as and to the extent provided in the related Securitization Servicing Agreement)
and, when so delivered to such master servicer and the special servicer, the Lead Securitization Note Holder (or the Master Servicer
or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items
hereunder or under the Lead Securitization Servicing Agreement; provided however, that all items that relate to any Non-Lead
Depositor’s compliance with any applicable securities laws shall also be delivered to such Non-Lead Depositor.

(f)               
Each Lead Securitization Servicing Agreement shall also satisfy Moody’s rating methodology for eligible accounts and
permitted investments for a securitization rated “Aaa” by Moody’s. Without limiting the generality of any provision
set forth above, for purposes of the Mortgage Loan, each Lead Securitization Servicing Agreement shall contain (a) provisions
requiring the Master Servicer and the Special Servicer to maintain, or subjecting them to possible termination for not maintaining,
compliance with customary servicer rating criteria (but the rating agencies need not be the same) and, subject to Section 2(h),
(b) provisions substantially similar in all material respects to or materially consistent with those set forth in the Approved
Sample PSA with respect to (i) periodic reporting and periodic delivery of service provider compliance documents under Regulation
AB, (ii) servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status, (iii) the
authority of the

    		-20-	 

     

    

Controlling Note Holder (or the Master
Servicer or Special Servicer on its behalf) to grant or agree or consent to material modifications and waivers of and amendments
to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in connection with
the Mortgage Loan, (iv) the potential termination of the Master Servicer and Special Servicer following a servicer termination
event, (v) requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing
status and periodic updates thereof, (vi) duties of the Special Servicer in respect of foreclosure and the management of REO
property, (vii) special servicing, workout and liquidation fees (and, in any event, the percentage rates at which such compensation
accrue or are determined on the applicable amounts shall not exceed 0.25%, 1.00% and 1.00%, respectively, subject, however, to
customary market minimum fees and offsets) and (viii) indemnification of the Non-Lead Depositors, Non-Lead Master Servicers,
Non-Lead Special Servicers, Non-Lead Operating Advisors, Non-Lead Certificate Administrators and Non-Lead Trustees (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) 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 Mortgage Loan to the same extent that the Indemnified Parties are indemnified under the Lead Securitization Servicing
Agreement against the Indemnified Items; provided that (A) this statement shall not be construed to prohibit differences
in timing, control or consultation triggers or thresholds, terminology, allocation of ministerial duties between multiple servicers
or other service providers or certificateholder or investor voting or consent thresholds, or to prohibit or restrict additional
approval, consent, consultation, notice or rating agency confirmation requirements; and (B) if there is any conflict between
this sentence and any other provision of this Agreement, such other provision of this Agreement shall control.

(g)              
The Lead Securitization Note Holder shall cause the Lead Securitization Servicing Agreement to contain provisions requiring
the Master Servicer, or Special Servicer, as applicable, to deliver to each Non-Lead Master Servicer, each Non-Lead Special Servicer
and each Non-Lead Trustee (i) notice of any Appraisal Event promptly following the occurrence thereof and (ii) a statement
of any Appraisal Reduction Amount or Collateral Deficiency Amount (if the Lead Securitization Servicing Agreement provides for
the calculation of any Collateral Deficiency Amount) promptly following the calculation thereof.

(h)              
The Lead Securitization Note Holder agrees that it shall cause the Lead Securitization Servicing Agreement to provide as
follows (and to the extent such following provisions are not included in the Lead Securitization Servicing Agreement, they shall
be deemed incorporated therein and made a part thereof):

(i)               
the Master Servicer or Trustee shall be required to provide written notice to each Non-Lead Master Servicer and each 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
Advances with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Servicing Advances

    		-21-	 

     

    

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 within two (2) business days after such determination was made;

(iii)               
the Master Servicer shall remit all payments received with respect to each Non-Lead Securitization Note, net of the servicing
fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization Note, and any other applicable
fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to the applicable Non-Lead Securitization
Note Holder by the earlier of (x) the “master servicer remittance date” (or any term substantially similar thereto)
as defined in the Lead Securitization Servicing Agreement and (y) the business day following the “determination date”
(or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement (such determination
date, the “Non-Lead Securitization Determination Date”), in each case as long as the date on which remittance is required
under this clause (iii) is at least one business day after the scheduled monthly payment date under the Loan Agreement;

(iv)               
with respect to each Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver
or cause to be delivered or to make available to the related Non-Lead Master Servicer all loan-level reports constituting the CREFC®
Investor Reporting Package pursuant to the terms of the Lead Securitization Servicing Agreement, to the extent related to the Mortgage
Loan, the Mortgaged Property, such Non-Lead Securitization Note, the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee, by the earlier of (x) the “master servicer remittance date” (or any term substantially similar thereto)
as defined in the Lead Securitization Servicing Agreement and (y) the Business Day following the applicable Non-Lead Securitization
Determination Date, in each case so long as the date on which delivery is required under this clause (iv) is at least
one business day after the scheduled monthly payment date under the Loan Agreement;

(v)               
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 the terms and provisions of this Agreement, the Lead Securitization Servicing
Agreement and the Servicing Standard;

(vi)               
each Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder
under the Lead Securitization Servicing Agreement with respect to the following items; each of the Master Servicer, the Special
Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, and the Custodian shall be required to indemnify each
certifying person and each Non-Lead Depositor for any public Other Securitization Trust, and their respective directors and officers
and controlling persons, to the same extent that they indemnify the Depositor (as depositor in respect of the Lead Securitization)
and each certifying person for (a) its failure to deliver the items in clause (vii) below in a timely manner, (b) its failure
to perform its obligations to such Non-Lead Depositor or applicable Non-Lead Trustee

    		-22-	 

     

    

under Article XI (or any article
substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) of the Lead Securitization Servicing
Agreement by the time required after giving effect to any applicable grace period or cure period, (c) the failure of any Servicing
Function Participant or Additional Servicer retained by it to perform its obligations to such Non-Lead Depositor or Non-Lead Trustee
under Article XI (or any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance)
of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period or cure
period; and/or (d) any deficient Exchange Act report regarding, and delivered by or on behalf of, such party;

(vii)               
each of the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator and
the Trustee shall (i) with respect to any Initial Sub-Servicer engaged by it 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 Loan, cause such party to comply with the foregoing Section 2(h)(vi) by inclusion of similar provisions in the
related sub-servicing or similar agreement;

(viii)               
the Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, Certificate Administrator or other
party acting as custodian for the Lead Securitization shall be required to deliver (and shall be required to cause each other servicer
and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to each Non-Lead Servicing Agreement, in a timely manner, (i) the reports, certifications, compliance
statements, accountants’ assessments and attestations, any Lead Servicing Agreement amendments, and all information (including
information regarding any replacement Servicer) to be included in reports (including, without limitation, Form ABS 15G, Form 10K,
Form 10D and Form 8K), and (ii) upon request, any other materials specified in the related Non-Lead Servicing Agreement, in the
case of clauses (i) and (ii), as the parties to each Non-Lead Securitization may reasonably require in order to comply
with their obligations under the Securities Act and the Exchange Act (including Rule 15Ga-1) and Regulation AB, and any other applicable
law. Without limiting the generality of the foregoing, the Lead Note Holder shall provide in a timely manner to each Non-Lead Depositor
and each Non-Lead Trustee a copy of the Lead Securitization Servicing Agreement in EDGAR-compatible format (but not later than
one business day following the closing date of the Lead Securitization) and each Servicer under the Lead Securitization Servicing
Agreement will be required, upon prior written request, to provide to each Non-Lead Depositor and each Non-Lead Trustee any other
information required to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K, any
other disclosure information required pursuant to Regulation AB, in each case in a timely manner for inclusion in any disclosure
document (and, with respect to the Lead Securitization Servicing Agreement and a replacement Servicer, for filing under Form 8-K),
and with respect to such Servicers, upon prior written request, market indemnification agreements, opinions and Regulation AB compliance
letters as were or are being delivered with respect to the Lead Securitization.

    		-23-	 

     

    

As used in this Agreement, “Regulation
AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100 229.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the United
States Securities and Exchange Commission (the “Commission”) or by the staff of the Commission, or as may be
provided by the Commission or its staff from time to time, in each case as effective from time to time as of the compliance dates
specified therein. The Master Servicer, any primary servicer and the Special Servicer shall each be required to provide certification
and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms
are defined in the applicable Non-Lead Securitization Servicing Agreement;

(ix)               
each of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall
cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the applicable
Sub-Servicing Agreement), with each Non-Lead Depositor to the same extent as such party is required to cooperate with the Lead
Depositor under the Lead Securitization Servicing Agreement in connection with the 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 each Non-Lead Depositor (including reasonable legal fees and expenses of outside counsel to such
depositor) in connection with the foregoing (other than those costs and expenses related to participation by such Non-Lead Depositor
in any telephone conferences and meetings with the United States Securities and Exchange Commission (the “Commission”)
and other costs such Non-Lead Depositor must bear pursuant to the Lead Securitization Servicing Agreement) and any amendments to
any reports filed with the Commission therewith shall be promptly paid by the applicable Affected Reporting Party upon receipt
of an itemized invoice from such Non-Lead Depositor;

(x)               
any late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to a Non-Lead Master Servicer or a Non-Lead Trustee in accordance with this Agreement shall be remitted by
the Master Servicer to the Non-Lead Master Servicer within one (1) Business Day of receipt and identification thereof unless such
amount would otherwise be included in the monthly remittance to the related Non-Lead Securitization Note Holder for such month;
provided, however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given
business day, the Master Servicer shall use commercially reasonable efforts to remit such late collections to each applicable Non-Lead
Master Servicer within one (1) business day of receipt of properly identified funds but, in any event, the Master Servicer shall
remit such amounts within two (2) business days of receipt of properly identified funds;

(xi)               
each Non-Lead Securitization Note Holder is an intended third-party beneficiary in respect of the rights afforded it under
the Lead Securitization Servicing Agreement;

    		-24-	 

     

    

(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 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 coordination
of advances;

(xiii)               
if the Mortgage Loan becomes a Defaulted 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 both 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 Master Servicer who shall provide notice to the related
Non-Controlling Note Holder of the planned sale;

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

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

(xvi)               
“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
Note Holders 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 REO 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
Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form
SF-3, 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 Note
Holder 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 Note Holder, 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 Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization
Servicing Agreement, the Trustee shall, upon direction of such

    		-25-	 

     

    

Non-Lead Securitization Note Holder,
terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

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

(xviii)               
if a 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 (x) such
documents are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be,
and (y) such Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the related mortgage
loan seller; and

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

(i)                
Unless Column is the Note A-1 Holder, the Note A-2 Holder and the Note A-3 Holder, the initial holder of each Lead Securitization
Note shall:

(i)              
give each other Note Holder notice of the Securitization of the Lead Securitization Note in writing (which may be by email)
not less than three (3) business days prior to the applicable pricing date for the Lead Securitization, together with contact information
for each of the parties to the Lead Securitization Servicing Agreement;

(ii)              
on the closing date of the Lead Securitization, send a copy (in EDGAR-compatible format) of the Lead Securitization Servicing
Agreement to each other Note Holder; and

(iii)              
give each other Note Holder written notice in a timely manner (but no later than one (1) business day prior to the applicable
filing date) of any re-filing (other than a filing made in connection with a formal amendment of the Lead Securitization Servicing
Agreement) by the Depositor of the Lead Securitization

    		-26-	 

     

    

Servicing Agreement subsequent
to the Securitization Date if such filing contains revisions or changes that are material to such other Note Holder.

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 Scheduled Payments, the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty,
letter of credit or other collateral or instrument securing the Mortgage Loan, Condemnation Proceeds, or Insurance Proceeds (other
than proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage
Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), shall
be applied by the Lead Securitization Note Holder (or its designee) to the Notes on a Pro Rata and Pari Passu Basis; provided
that (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents (to the extent and in accordance
with the terms of the Mortgage Loan Documents) to be held as reserves or escrows 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 shall be applied to the extent set forth in, and in accordance with the terms
of, the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer with respect
to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other additional compensation payable to it
thereunder (including without limitation, any additional trust fund expenses under the Lead Securitization Servicing Agreement
relating to the Mortgage Loan (but subject to the second paragraph of Section 5(d) hereof) reimbursable to, or payable
by, such parties and any Special Servicing Fees, Liquidation Fees, Workout Fees, and Penalty Charges (to the extent provided in
the immediately following paragraph), but excluding (i) any P&I Advances (and interest thereon) on the Lead Securitization
Note, which shall be reimbursed in accordance with Section 2(b) hereof, and (ii) any Servicing Fees due to the
Master Servicer in excess of each Non-Lead Securitization Note’s pro rata share of that portion of such servicing
fees calculated at the “primary servicing fee rate” applicable to the Mortgage Loan as set forth in the Lead Securitization
Servicing Agreement, which such excess shall not be subject to the allocation provisions of this Section 3) shall be payable
in accordance with the Lead Securitization Servicing Agreement.

For clarification
purposes, “Penalty Charges” (or analogous term 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 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, any Non-Lead Master
Servicer or any Non-Lead Trustee, as applicable, 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 applicable Non-Lead Securitization Servicing
Agreement, as applicable), third, be used to reduce, on a pro rata basis, the amounts payable on each Note by

    		-27-	 

     

    

the amount necessary to pay additional
trust fund expenses under the Lead Securitization Servicing Agreement (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, with respect to any remaining amount of Penalty Charges, to the Lead Securitization Note to be paid to the Master
Servicer and/or the Special Servicer as additional servicing compensation as provided in the Lead Securitization Servicing Agreement.

Any proceeds received
from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly upon receipt thereof,
to the Note Holders on a Pro Rata and Pari Passu Basis. Any proceeds received by any Note Holder from the sale of master servicing
rights with respect to its Note shall be for its own account.

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 its behalf) 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
each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys to the Lead Securitization Note Holder
(or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) the rights,
if any, that such Note Holder has to, (i) call, or cause the Lead Securitization Note Holder to call, an Event of Default
under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including,
without limitation, filing, or causing the Lead Securitization Note Holder to file, any bankruptcy petition against the Mortgage
Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on

    		-28-	 

     

    

its behalf) 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 Loan, to sell the Notes together as notes evidencing one
whole loan in accordance with the terms of the Lead Securitization Servicing Agreement, and shall require that all offers be submitted
to the Trustee in writing. Whether any cash offer constitutes a fair price for the Mortgage Loan shall be determined by the Special
Servicer (unless the offeror is an Interested Person, in which case the Trustee shall make such determination); provided
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at
least two bona fide other offers are received from independent third parties. In determining whether any offer received
represents a fair price for the Mortgage Loan, the Trustee or the Special Servicer, as applicable, shall be supplied with and shall
rely on the most recent Appraisal or updated Appraisal conducted in accordance with the Lead Securitization Servicing Agreement
within the preceding nine (9)-month period or, in the absence of any such Appraisal, on a new Appraisal. The Trustee shall select
the appraiser conducting any such new Appraisal. In determining whether any such offer constitutes a fair price for the Mortgage
Loan, the Trustee or the Special Servicer, as applicable, shall instruct the appraiser to take into account (in addition to the
results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Lead Securitization Servicing Agreement),
as applicable, among other factors, the period and amount of any delinquency on the affected Mortgage Loan, the occupancy level
and physical condition of the related Mortgaged Property and the state of the local economy. The Trustee may conclusively rely
on the opinion of an Independent appraiser or other Independent expert in real estate matters with at least 5 years’ experience
in valuing or investing in loans similar to the Mortgage Loan that has been selected with reasonable care by the Trustee to determine
if such cash offer constitutes a fair price for the Mortgage Loan, and that has been retained by the Trustee at the expense of
the Holders in connection with making such determination. Notwithstanding the foregoing, the Lead Securitization Note Holder (or
the Special Servicer acting on its behalf) shall not be permitted to sell the Mortgage Loan without the written consent of each
Non-Lead Securitization Note Holder unless the Special Servicer has delivered to each Non-Lead Securitization Note Holder: (a) at
least fifteen (15) Business Days prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten
(10) days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages) received
by the Special Servicer in connection with any such proposed sale; (c) at least ten (10) days prior to the proposed sale date,
a copy of the most recent Appraisal for the Mortgage Loan, and any documents in the Servicer Mortgage File requested by such Non-Lead
Securitization Note Holder; 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 Directing Certificateholder) 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. Subject to the foregoing, each Note Holder or its Note Holder Representative

    		-29-	 

     

    

shall be permitted to submit an offer
at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan
Borrower.

Each Note Holder (to
the extent it is not the same entity as the Lead Securitization Note Holder) hereby appoints the Lead Securitization Note Holder
as its agent, and grants to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and
its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of its Note. Each Note Holder (to the
extent it is not the same entity as the Lead Securitization Note Holder) further agrees that, upon the request of the Lead Securitization
Note Holder, such 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 any related original documentation evidencing
its Note (endorsed in blank if necessary) 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 any Non-Lead Securitization Note, and the obligations of any other Note Holder to execute
and deliver instruments or deliver the related 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 holder
of such Lead Securitization Note that sold such Lead Securitization Note into such Securitization from the trust fund established
under the Lead Securitization Servicing Agreement in connection with a material breach of representation or 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 any Non-Lead Securitization Note Holder the benefit of any representation or warranty made by the
holder of the Lead Securitization Note 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.

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

    		-30-	 

     

    

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, or is an Affiliate of, the Mortgage Loan Borrower) 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 Directing Certificateholder pursuant to (and notwithstanding the existence of any “control termination
event” (or analogous term) or “consultation termination event” (or analogous term) under) 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-Lead Securitization Note Holder (or its Note Holder Representative), within the
same time frame it is required to provide to the Lead Securitization Directing Certificateholder (for this purpose, without regard
to whether such items are actually required to be provided to the Lead Securitization Directing Certificateholder under the Lead
Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event) and
(ii) to consult with 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
Directing Certificateholder, 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 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)

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be obligated at any time to follow or
take any alternative actions recommended by a Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative).

In addition to the
consultation rights provided in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to annual
meetings (which may be held telephonically) with the Lead Securitization Note Holder (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.

(d)              
If any Note is included as an asset of a REMIC, 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 the Notes (or any portion
thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC related
provisions in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan. All costs and expenses
of compliance with this Section 5(d), 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 Note Holder solely with respect to the REMIC trust that includes its own Note. Without limiting
the generality of the foregoing, one Note Holder (the “Uninvolved Note Holder”) shall not be required to reimburse
any other Note Holder or any other Person for payment of the following items related to any REMIC that does not or did not include
the Uninvolved Note Holder’s Note (i) any taxes imposed on any such REMIC, (ii) any costs or expenses relating
to the administration of any such REMIC or to any determination respecting the amount, payment or avoidance of any tax under any
such REMIC or (iii) any advances for any of the foregoing or any interest thereon or for deficits in other items of disbursement
or income resulting from the use of funds for payment of any such taxes, costs or expenses or advances, nor shall any disbursement
or payment otherwise distributable to the Uninvolved Note Holder be reduced to offset or make-up any such payment or deficit.

               

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Section 6.                
Rights of the Controlling Note Holder and Non-Controlling Note Holders.

(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. 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, 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 (other
than the Mortgage Loan Borrower, any manager of a Mortgaged Property or any principal or Affiliate thereof). 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 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 such Servicer or Trustee 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 or Trustee 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. None
of the Servicers, Operating Advisor and Trustee shall be required to recognize any person as a Controlling Note Holder Representative
until they receive such information from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer
or Trustee of the then-current Controlling Note Holder Representative.

Each Non-Controlling
Note Holder shall provide notice of its identity and contact information (including any change thereof) to the Trustee, Certificate
Administrator, the Master Servicer and the Special Servicer under the Lead Securitization; provided that each Initial Note
Holder shall be deemed to have provided such notice on the date hereof. The Trustee, Certificate Administrator, the Master Servicer
and the Special Servicer under the Lead Securitization shall be entitled to conclusively rely on such identity and contact information
received by it and shall not be liable in respect of any deliveries hereunder sent in reliance thereon.

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 (with respect to such Note Holder, the “Non-Controlling Note Holder Representative”).
All of the provisions relating to the Controlling Note Holder and the Controlling Note Holder Representative set forth in the first
paragraph of this Section 6(a) (except those contained in the last sentence thereof) and the second paragraph of this
Section 6(a) shall apply to each Non-Controlling Note Holder and its Non-Controlling Note

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Holder Representative mutatis mutandis.
The Non-Controlling Note Holder Representative with respect to Note A-2 as of the date of this Agreement and until the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial Note A-2 Holder. The
Non-Controlling Note Holder Representative with respect to Note A-3 as of the date of this Agreement and until the Lead Securitization
Note Holder (and the Master Servicer and the Special Servicer) is notified otherwise, shall be the Initial Note A-3 Holder.

For so long as the
Controlling Note is included in the Lead Securitization, the Lead Securitization Directing Certificateholder (or any other party
designated under the Lead Securitization Servicing Agreement to exercise the rights of the Controlling Note Holder hereunder) shall
be the Controlling Note Holder Representative.

(b)              
The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note hereunder
and the rights and powers granted to the Lead Securitization Controlling Class Representative with respect to the Mortgage Loan
(assuming that no “Control termination Event” or “Consultation Termination Event”, as the case may be,
or similar event under, and as defined in, the Lead Securitization Servicing Agreement has occurred and is continuing). In addition,
the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to the
Mortgage Loan if it is a Specially Serviced Mortgage Loan and (2) the Special Servicer with respect to all matters for which
the Master Servicer must obtain the consent or deemed consent of the Special Servicer, and, except as set forth below (i) the
Master Servicer shall not be permitted to 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 with respect to 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 with respect to 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: “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, 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 thirty (30) days with
respect to an Acceptable Insurance Default), such Major Decision shall be deemed to have been approved by the Controlling Note
Holder.

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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 or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as
applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement,
this Agreement, the REMIC Provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard.

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

Section 7.               
Appointment of Special Servicer. The Controlling Note Holder (or its Controlling Note Holder Representative) shall
have the right (subject to the terms, conditions and limitations in the Lead Securitization Servicing Agreement) at any time and
from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint
a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note Holder (or its Controlling Note Holder
Representative) of a Person to serve as Special Servicer shall be made by delivering to each other Note Holder, the Master Servicer,
the Special Servicer and each other party 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 Communication or a Rating Agency Confirmation, but only if required by the terms of the Lead
Securitization Servicing Agreement), if any, and delivering to each Non-Controlling Note Holder a Rating Agency Confirmation with
respect to any rated securities issued and outstanding under the related Securitization, if applicable. The Controlling Note Holder
shall be solely responsible for any expenses incurred in connection with any such replacement without

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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 any 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 solely with respect to the Mortgage Loan pursuant
to and in accordance with the terms of the Lead Securitization Servicing Agreement. Each Note Holder acknowledges and agrees 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. Each Non-Controlling Note Holder that directs
the Trustee 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 Lead Securitization’s
“collection account” (or equivalent account).

Section 8.               
Payment Procedure.

(a)               
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set
forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause
to be deposited all payments allocable to the Notes to the Collection Account and/or related Companion Distribution Account (or
analogous terms each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization
Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall deposit such payments
to the applicable account within one (1) Business Day of 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 (provided that to the extent
that any payment is received after 2:00 p.m. (Eastern Time) on any given Business Day, the Master Servicer is required to
use commercially reasonable efforts to deposit such payments into the applicable account within one (1) Business Day of receipt
of such payments but, in any event, the Master Servicer is required to deposit such payments into the applicable account within
two (2) Business Days of receipt of such payments).

(b)              
If the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) determines, or a court of competent
jurisdiction orders, at any time that any amount received or collected in respect of any Note must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to any Note Holder
or any Servicer or paid to any other Person, then, notwithstanding any

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other provision of this Agreement, the
Lead Securitization Note Holder (or the Master Servicer acting on its behalf) shall not be required to distribute any portion thereof
to any Non-Lead Securitization Note Holder and each Non-Lead Securitization Note Holder (or the Master Servicer acting on its behalf)
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 (or the Master Servicer acting on its behalf) 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
(or the Master Servicer acting on its behalf) shall have been required to pay to any Mortgage Loan Borrower, Master Servicer, Special
Servicer or such other Person with respect thereto.

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

(d)              
Each Note Holder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage
Loan in excess of its distributable share thereof, it shall promptly remit such excess to the 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. No Note Holder shall have any liability to any other Note Holder with
respect to its Note except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of
this Agreement on the part of such Note Holder; provided that, notwithstanding any of the foregoing to the contrary, each
Servicer will nevertheless be subject to the obligations and standards (including the Servicing Standard) set forth in the related
Securitization Servicing Agreement.

The Note Holders acknowledge
that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the Trustee on its behalf) to
comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including any Servicer
and the Trustee on its behalf) 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 on its behalf) shall have no liability
whatsoever to any Non-Lead Securitization

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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 that each Servicer must act in accordance with the Servicing Standard.

Section 10.           
Bankruptcy. Subject to Section 5(c), each Note Holder hereby covenants and agrees that only the Lead Securitization
Note Holder (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. Each Note Holder further
agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give
any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case
by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby
appoint the Lead Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable power
of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and all
actions available to any Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower
under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute
any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect
to the Mortgage Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The
Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, 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 any Servicer in connection with any Insolvency Proceeding are subject to and must be
in accordance with the Servicing Standard and the terms of this Agreement.

Section 11.           
Representations of the Note Holders. Each Note Holder represents and warrants that the execution, delivery and performance
of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
such Note Holder’s charter or any law or contractual restriction binding upon such Note Holder, and that this Agreement is
the legal, valid and binding obligation of such Note Holder enforceable against such Note Holder in accordance with its terms,
except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law. Each Note Holder represents and warrants that it is duly organized,
validly existing, in good standing and in possession of all licenses and authorizations necessary to carry on its business. Each
Note Holder represents and warrants that (a) this Agreement has been duly executed and delivered by such Note Holder, (b) to
such Note

    		-38-	 

     

    

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. The Lead Securitization Note Holder shall have no obligation whatsoever to offer to any Non-Lead
Securitization Note Holder the opportunity to purchase a participation interest in any future loans originated by the Lead Securitization
Note Holder or its Affiliates and if the Lead Securitization Note Holder chooses to offer to any Non-Lead Securitization Note Holder
the opportunity to purchase a participation interest in any future mortgage loans originated by the Lead Securitization Note Holder
or its Affiliates, such offer shall be at such purchase price and interest rate as the Lead Securitization Note Holder chooses,
in its sole and absolute discretion. No Non-Lead Securitization Note Holder shall have any obligation whatsoever to purchase from
the Lead Securitization Note Holder a participation interest in any future loans originated by the Lead Securitization Note Holder
or its Affiliates.

Section 13.           
Other Business Activities of the Note Holders. Each Note Holder acknowledges that each 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 Affiliate thereof or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower or
any Affiliate thereof (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)               
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 (or a participation interest in such Note) (a “Transfer”)
except to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after any such Transfer, any
non-transferring Note Holders shall be provided with (x) a representation from each transferee or the transferring 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 or a Transfer by a Note Holder to an entity that constitutes a Qualified Institutional Lender pursuant to clause (c)(iii)
of the definition thereof) and (y) a copy of the assignment and assumption agreement referred to in Section 15
(unless the transferee is a Securitization Trust and the related pooling and servicing agreement requires the parties thereto to
comply with this Agreement). If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an entity that
is not a Qualified Institutional Lender, it must first (a) obtain the

    		-39-	 

     

    

consent of each non-transferring Note
Holder and (b) if any such non-transferring Note Holder’s Note is held in a Securitization Trust, as and to the extent
required by the applicable Securitization Servicing Agreement, deliver a Rating Agency Communication (if a Rating Agency Confirmation
is not required thereunder) to, or 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 consent (which
will not be unreasonably withheld), and, if any non-transferring Note Holder’s Note is held in a Securitization Trust, without
a Rating Agency Confirmation from or Rating Agency Communication to, as applicable, each engaged Rating Agency for such Securitization
Trust, no Note Holder shall Transfer all or any portion of its Note (or a participation interest in such Note) to the Mortgage
Loan 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 any non-transferring
Note Holder (including all expenses of the Master Servicer, the Special Servicer, the Trustee and any Controlling Note Holder or
Controlling Note Holder Representative) and all expenses relating to any Rating Agency Confirmation or Rating Agency Communication
in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without the need to
obtain the consent of any other Note Holder or of any other Person or having to provide any Rating Agency Confirmation or Rating
Agency Communication, 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 the Lead Securitization Note together with all of
the Non-Lead Securitization Notes, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement or
(2) a transfer by the Special Servicer, in accordance with the terms and conditions of the Lead Securitization Servicing Agreement,
of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted Loan, to a single member limited liability
or limited partnership, 100% of the equity interest in which is owned directly or indirectly, through one or more single member
limited liability companies or limited partnerships, by the Lead Securitization Trust.

For the purposes of
this Agreement, if any Rating Agency shall, in writing, waive, decline or refuse to review or otherwise engage any request for
a Rating Agency Confirmation, such waiver, declination, or refusal shall be deemed to eliminate, for such request only, the condition
that such confirmation by such Rating Agency (only) be obtained for purposes of this Agreement. For purposes of clarity, any such
waiver, declination or refusal to review or otherwise engage in any request for such confirmation hereunder shall not be deemed
a waiver, declination or refusal to review or otherwise engage in any subsequent request for such Rating Agency Confirmation hereunder
and the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent request shall apply regardless
of any previous waiver, declination or refusal to review or otherwise engage in such prior request.

(b)              
In the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’
obligations under this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance
of such obligations, and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to
deal solely and directly with such Note Holder in connection with such Note Holder’s rights and obligations under this Agreement
and the Lead Securitization Servicing Agreement, and all

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amounts payable hereunder shall be determined
as if such Note Holder had not sold such participation interest.

(c)               
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than the Mortgage Loan Borrower or any Affiliate thereof) which has extended a credit facility to such Note Holder and that
is either a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A”
(or the equivalent) or better by each applicable Rating Agency (or, if not rated by an applicable Rating Agency, an equivalent
(or higher) rating from any two of Fitch, Moody’s and S&P) (a “Note Pledgee”), on terms and conditions
set forth in this Section 14(c), it being further agreed that a financing provided by a Note Pledgee to a Note Holder
or any person which Controls such Note that is secured by its Note and is structured as a repurchase arrangement, shall qualify
as a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified Institutional Lender may not
take title to the pledged Note without a Rating Agency Confirmation. Upon written notice by the applicable Note Holder to each
other Note Holder and any Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee),
each other Note Holder agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give Note Pledgee written
notice of any default by the pledging Note Holder in respect of its obligations under this Agreement of which default such Note
Holder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10) days to cure a default by the pledging
Note Holder in respect of its obligations to each other Note Holder hereunder, but such Note Pledgee shall not be obligated to
cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement shall be effective against
such Note Pledgee without the written consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned
or delayed; (iv) that such other Note Holder shall give to such Note Pledgee copies of any notice of default under this Agreement
simultaneously with the giving of same to the pledging Note Holder; (v) that such other Note Holder shall deliver to Note
Pledgee such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall
be in a form reasonably satisfactory to such other Note Holder; and (vi) that, upon written notice (a “Redirection
Notice”) to each other Note Holder and any Servicer by such Note Pledgee that the pledging Note Holder is in default,
beyond any applicable cure periods, under the pledging Note Holder’s obligations to such Note Pledgee pursuant to the applicable
credit agreement between the pledging Note Holder and such Note Pledgee (which notice need not be joined in or confirmed by the
pledging Note Holder), and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be
entitled to receive any payments that any Note Holder or Servicer would otherwise be obligated to pay to the pledging Note Holder
from time to time pursuant to this Agreement or the Lead Securitization Servicing Agreement. Any pledging Note Holder hereby unconditionally
and absolutely releases each other Note Holder and any Servicer from any liability to the pledging Note Holder on account of such
other Note Holder’s or Servicer’s compliance with any 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

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foreclosure), and its successor and
assigns, as the successor to the pledging Note Holder’s rights, remedies and obligations under this Agreement, and any such
Note Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging Note Holder hereunder accruing
from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the
terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 14(c) shall remain effective
as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer,
as applicable) in writing that its interest in the pledged Note has terminated.

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

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

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

(iii)               
Such Note Holder pledges (or sells, transfers or assigns as part of a repurchase facility) 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

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of each other Note Holder. To the extent
the Trustee or another party is appointed as Agent hereunder, each Note Holder hereby designates such person as its agent under
this Section 15 solely for purposes of maintaining the Note Register.

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

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

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

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

    		-43-	 

     

    

ACTION OR PROCEEDING WAS BROUGHT IN
AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

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

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

Section 18.           
Modifications. This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed
by each Note Holder. Additionally, for as long as any Note is contained in a Securitization Trust, the Note Holders shall not amend
or modify this Agreement without first obtaining a Rating Agency Confirmation from each Rating Agency then rating any securities
of any Securitization; 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) with respect to matters or questions arising
under this Agreement, to make provisions of this Agreement consistent with other provisions of this Agreement (including, without
limitation, in connection with the creation of New Notes pursuant to Section 33).

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

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 each 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. For the avoidance of doubt, the representations in Section 11 shall not be binding upon
any Securitization Trust.

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

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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 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 any 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, such 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 Note Holder (to the extent it is not the same entity as the 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 Note Holder in reliance upon any representation, certificate, statement,
document or instrument made or provided by such 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 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 Note Holder, upon request of the Lead Securitization Note Holder and at its sole cost

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and expense, shall defend any claim
or action relating to the foregoing indemnification using counsel selected by the Lead Securitization Note Holder.

(c)               
Each Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder) represents (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 Note Holder (to the extent it is not the same entity as the Lead Securitization Note Holder)
shall deliver to the Lead Securitization Note Holder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Note Holder substantiating that such Note Holder is not a Non-Exempt Person and that the Lead Securitization Note Holder is not
obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under this Agreement.
Without limiting the effect of the foregoing, (i) if a 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 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 any Non-Lead Securitization Note or otherwise until the holder of such Note shall
have furnished to the Lead Securitization Note Holder requested forms, certificates, statements or documents.

Section 26.           
Custody of Mortgage Loan Documents. Prior to the First Securitization, the originals of all of the Mortgage Loan
Documents (other than the Notes) will be held by the Initial Agent on behalf of the registered holders of the Notes. On and after
the Note A-1 Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notes) shall be
transferred to and held in the name of the trustee (and held by a duly appointed custodian therefor) under the Note A-1
PSA, 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

    		-46-	 

     

    

which such Securitizing Note Holder
customarily adheres or that may be reasonably required in the marketplace or by the Rating Agencies 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 reasonably requested by the Rating Agencies to effect such Securitization;
provided 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 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 the 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 the Securitizing Note Holder (without any obligation to make additional representations and warranties)
to enable the 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 Non-Securitizing 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. The Securitizing Note Holder shall reasonably cooperate with each Non-Securitizing Note Holder by providing all information
reasonably requested that is in the Securitizing Note Holder’s possession in connection with such Non-Securitizing Note Holder’s
preparation of disclosure materials in connection with a Securitization.

Upon request, each
Securitizing Note Holder shall deliver to each related Non-Securitizing Note Holder drafts of the preliminary and final offering
memoranda, prospectus supplement, free writing prospectus and any other disclosure documents and the pooling and servicing agreement
for the Securitization of such Securitizing Note Holder’s Note and provide reasonable opportunity to review and comment on
such documents.

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

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set forth on Exhibit B hereto,
or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid. All written
notices so given shall be deemed effective upon receipt.

Section 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.           
Reserved.Section 32.Resignation or Termination 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. Column, 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 Column without any
further notice or other

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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.

Section 33.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as Column, Wells, Regions or an affiliate
of any thereof (each, an “Original Entity”) is the owner of any Non-Lead Securitization Note (each, an “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 each case, as applicable, “New Notes”)
reallocating the principal of an Owned Note to such New Notes; or severing an Owned Note into one or more further “component”
notes in the aggregate principal amount equal to the then outstanding principal balance of such Owned Note provided that
(i) the aggregate principal balance of all outstanding New Notes following such amendments is no greater than the aggregate
principal of such Owned Note prior to such amendments, (ii) all Notes continue to have the same weighted average interest
rate as the Notes prior to such amendments, (iii) all Notes pay pro rata and on a pari passu basis and such
reallocated or component notes shall be automatically subject to the terms of this Agreement and (iv) the 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. 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 each other Note. In connection with the foregoing
(provided the conditions set forth in clauses (i) through (iv) above are satisfied, 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 and that each New Note shall be a “Note” hereunder and
for the purpose of adding and modifying any definitions related thereto. If more than one New Note is created hereunder, for purposes
of exercising the rights of a Controlling Note Holder or Non-Controlling Note Holder hereunder, the “Controlling Note Holder”
or “Non-Controlling Note Holder”, as applicable, shall be as provided in the definitions of such terms in this Agreement;
provided that the Controlling Note Holder shall be entitled to designate any New Note created from the existing Controlling
Note to be a Non-Controlling Note hereunder.

[SIGNATURE PAGE FOLLOWS]

    		-49-	 

     

    

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

	 	 	COLUMN FINANCIAL, INC., as Initial
	 	 	Agent, Initial Note A-1 Holder
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ David Tlusty	 
	 	 	 	Name:  David Tlusty	 
	 	 	 	Title:   Authorized Signatory	 
	 	 	 	 	 
	 	 	COLUMN FINANCIAL, INC., as Initial Note
	 	 	A-2 Holder
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ David Tlusty	 
	 	 	 	Name:  David Tlusty	 
	 	 	 	Title:   Authorized Signatory	 
	 	 	 	 	 
	 	 	COLUMN FINANCIAL, INC., as Note A-3
	 	 	Holder
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ David Tlusty	 
	 	 	 	Name: David Tlusty	 
	 	 	 	Title:   Authorized Signatory	 
	 	 	 	 	 

Darden
HQ Agreement Between Note Holders

     

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

Description of Mortgage Loan

	Mortgage Loan Borrower:	Orlando Garden Property LLC
	Date of Mortgage Loan: 	December 21, 2018
	Date of Promissory Notes: 	
        Note A-1December 21, 2018

        Note A-2December 21, 2018

        Note A-3December 21, 2018

        

        

	Original Principal Amount of Mortgage Loan:	$110,000,000
	Principal Amount of Mortgage Loan as of the date hereof:	$110,000,000
	Original Note A-1 Principal Balance:	$60,000,000
	Original Note A-2 Principal Balance:	$30,000,000
	Original Note A-3 Principal Balance:	$20,000,000
	Maturity Date:	January 6, 2028

 

    		A-1	 

     

    

EXHIBIT B

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

Column Financial, Inc.

One Madison Avenue

New York, New York 10010

Office of General Counsel

Attention: Mark Covey, Esq.

Facsimile No.: (917) 326-8433

Following Securitization of Note
A-1, Note A-2 or Note A-3, as applicable, the applicable notice addresses set forth in the related Securitization Servicing Agreement.

 

    		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.	AREA Property Partners

		6.	Artemis Real Estate Partners

		7.	BlackRock, Inc.

		8.	Capital Trust, Inc.

		9.	Clarion Partners

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

		11.	CreXus Investment Corporation/Annaly Capital Management

		12.	DLJ Real Estate Capital Partners

		13.	Dune Real Estate Partners

		14.	Eightfold Real Estate Capital, L.P.

		15.	Five Mile Capital Partners

		16.	Fortress Investment Group, LLC

		17.	Garrison Investment Group

		18.	Goldman, Sachs & Co.

		19.	H/2 Capital Partners LLC

		20.	Hudson Advisors

		21.	Investcorp International

		22.	iStar Financial Inc.

		23.	J.P. Morgan Investment Management Inc.

		24.	JER Partners

		25.	Lend-Lease Real Estate Investments

		26.	Libermax Capital LLC

		27.	LoanCore Capital

		28.	Lone Star Funds

		29.	Lowe Enterprises

		30.	Normandy Real Estate Partners

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

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

		33.	Praedium Group

		34.	Raith Capital Partners, LLC

		35.	Rialto Capital Management, LLC

		36.	Rialto Capital Advisors LLC

		37.	Rimrock Capital Management LLC

		38.	Rockpoint Group

		39.	Rockwood

		40.	RREEF Funds

		41.	Square Mile Capital Management

		42.	Starwood Capital Group/Starwood Financial Trust

    		C-1	 

     

    

		43.	The Blackstone Group

		44.	The Carlyle Group

		45.	Torchlight Investors

		46.	Walton Street Capital, L.L.C.

		47.	Westbrook Partners

		48.	WestRiver Capital

		49.	Wheelock Street Capital

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

 

    		C-2Exhibit 4.13

 

EXECUTION VERSION

 

 

AMENDED
AND RESTATED

CO-LENDER AGREEMENT

Dated as of March 15, 2019

by and between

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Note A-1 Holder)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Note A-2 Holder)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Note A-3 Holder)

COLUMN FINANCIAL, INC.

(Note A-4 Holder)

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Note A-5 Holder)

and

KSL CAPITAL PARTNERS CO TRUST II

(Note B-1 Holder)

 

Great Wolf Lodge

Garden Grove, California 

 

     

     

    

Table
of Contents

Page

	1.   Definitions; Conflicts	2
	2.   Administration of the Mortgage Loan Generally	21
	3.   Subordination of Note B; Payments Prior to a Triggering Event of Default	24
	4.   Payments Following a Triggering Event of Default	26
	5.   Workout	28
	6.   Collection Accounts; Payment Procedure	29
	7.   Advances	30
	8.   Limitation on Liability	32
	9.   Purchase of Note A; Cure by Note B Holder	33
	10.   Additional Understanding	35
	11.   Representations of the Note A Holders	36
	12.   Representations of the Note B Holder	37
	13.   Independent Analyses of the Note B Holder	38
	14.   No Creation of a Partnership or Exclusive Purchase Right	38
	15.   Not a Security	38
	16.   Transfer of Notes	38
	17.   Pledge of Note B	40
	18.   Other Business Activities of the Note A Holders and Note B Holder	42
	19.   Exercise of Remedies by the Servicer	42
	20.   Certain Powers of the Controlling Holder	45
	21.   No Pledge or Loan	54
	22.   Governing Law; Waiver of Jury Trial	54
	23.   Modifications, Waiver in Writing	54
	24.   Successors and Assigns; Third Party Beneficiaries	55
	25.   Counterparts	55
	26.   Captions	56
	27.   Severability	56
	28.   Entire Agreement	56
	29.   Notices	56
	30.   Custody of Mortgage Loan Documents	57
	31.   Termination	58

    - ii -

     

    

	32.   Statement of Intent	58
	33.   Withholding Taxes	59
	34.   Effect of this Agreement	60

EXHIBIT A — MORTGAGE LOAN SCHEDULE

EXHIBIT B — PERMITTED FUND MANAGERS

EXHIBIT C — NOTICE, ACCOUNT INFORMATION 

     

     

    

 

THIS AMENDED
AND RESTATED CO-LENDER AGREEMENT (this “Agreement”), dated as of March 15, 2019, by and between WELLS
FARGO BANK, NATIONAL ASSOCIATION, having an address c/o Wells Fargo Commercial Mortgage Servicing, 401 S. Tryon Street, 8th
Floor, Charlotte, North Carolina 28202 (together with its successors and assigns in interest, in its capacity as owner of Note
A-1 (as defined below), the “Note A-1 Holder”), WELLS FARGO BANK, NATIONAL ASSOCIATION, having an address
c/o Wells Fargo Commercial Mortgage Servicing, 401 S. Tryon Street, 8th Floor, Charlotte, North Carolina 28202 (together
with its successors and assigns in interest, in its capacity as owner of Note A-1 (as defined below), the “Note A-2 Holder”),
WELLS FARGO BANK, NATIONAL ASSOCIATION, having an address c/o Wells Fargo Commercial Mortgage Servicing, 401 S. Tryon Street,
8th Floor, Charlotte, North Carolina 28202, (together with its successors and assigns in interest, in its capacity as
owner of Note A-3 (as defined below), the “Note A-3 Holder”), COLUMN FINANCIAL, INC., having an address
at Eleven Madison Avenue, New York, New York 10010, (together with its successors and assigns in interest, in its capacity as owner
of Note A-4 (as defined below), the Note A-4 Holder”), WELLS FARGO BANK, NATIONAL ASSOCIATION, having an address
c/o Wells Fargo Commercial Mortgage Servicing, 401 S. Tryon Street, 8th Floor, Charlotte, North Carolina 28202 (together
with its successors and assigns in interest, in its capacity as owner of Note A-5 (as defined below), the “Note A-5 Holder”;
and, together with the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, each a “Note A
Holder” and collectively, the “Note A Holders”), and KSL CAPITAL PARTNERS CO TRUST II, having
an address c/o KSL Capital Partners, LLC, 100 St. Paul Street, Suite 800, Denver, Colorado 80206 ((together with its successors
and assigns in interest, in its capacity as owner of Note B (as defined below), the “Note B Holder”; and, together
with Note A Holders, the “Holders”), amends and restated that Co-Lender Agreement dated as of March 11, 2019
(the “Original Agreement”), by Wells Fargo Bank, National Association.

W I T N E S S E T H:

WHEREAS, Wells Fargo
Bank, National Association (“WFB”) made a certain mortgage loan in the original principal amount of $170,000,000.00
(the “Mortgage Loan”) to GWGG, LLC, a Delaware limited liability company (together with its successors and assigns,
the “Mortgage Loan Borrower”) pursuant to that certain Loan Agreement dated as of March 11, 2019 (the “Loan
Agreement”) which Loan was (a) initially evidenced by (i) that certain Promissory Note A-1 made by Mortgage Loan Borrower
to WFB, dated March 11, 2019, in the original principal amount of $100,000,000 (“Original Note A-1”), (ii) that
certain Promissory Note A-2 made by Mortgage Loan Borrower to WFB, dated March 11, 2019, in the original principal amount of $50,000,000
(“Original Note A-2”) and (ii) that certain Promissory Note B-1 made by Mortgage Loan Borrower to WFB, dated
March 11, 2019, in the original principal amount of $20,000,000 (as from time to time amended, restated, supplemented, renewed,
extended or otherwise modified from time to time, “Note B”) and (b) secured by, among other things, that certain
Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of March 11, 2019, made by Mortgage
Loan Borrower for the benefit of WFB (as the same may be further amended, restated, supplemented or otherwise modified from time
to time, the “Mortgage”), as more particularly described in the attached Mortgage Loan Schedule attached as
Exhibit A hereto and made a part hereof (the “Mortgage Loan Schedule”),

     

     

    

encumbering the real property at the
location set forth in the Mortgage Loan Schedule (the “Mortgaged Property”); and

WHEREAS, WFB sold
Note B to the Note B Holder pursuant to that Assignment and Assumption Agreement dated March 12, 2019;

WHEREAS, WFB entered
into that Note Splitter and Amendment to Loan Agreement dated as of March 13, 2019, by and between the Mortgage Loan Borrower and
WFB, pursuant to which (i) Original Note A-1 was superseded and replaced with Replacement Promissory Note A-1 dated March 13, 2019,
in the original principal amount of $30,000,000 (as amended, restated, supplemented, renewed, extended or otherwise modified from
time to time, “Note A-1”), Replacement Promissory Note A-2 dated March 13, 2019, in the original principal amount
of $25,000,000 (as amended, restated, supplemented, renewed, extended or otherwise modified from time to time, “Note A-2”),
Replacement Promissory Note A-3 dated March 13, 2019, in the original principal amount of $25,000,000 (as amended, restated, supplemented,
renewed, extended or otherwise modified from time to time, “Note A-3”) and Replacement Promissory Note A-5 dated
March 13, 2019, in the original principal amount of $20,000,000 (as amended, restated, supplemented, renewed, extended or otherwise
modified from time to time, “Note A-5”) and (ii) Original Note A-2 was superseded and replaced with Replacement
Promissory Note A-4 dated March 13, 2019, in the original principal amount of $50,000,000 (as amended, restated, supplemented,
renewed, extended or otherwise modified from time to time, “Note A-4”; and, together with Note A-1, Note A-2,
Note A-3, Note A-5 and Note B, each a “Note” and, collectively, the “Notes”);

WHEREAS, WFB sold
Note A-4 to the Note A-4 Holder pursuant to that Assignment and Assumption Agreement dated as of March 15, 2019, between WFB and
the Note A-4 Holder; and

WHEREAS, the parties
hereto desire to enter into this Agreement to set forth their understanding with respect to the relative priority of the Notes
and amend and restate the Original Agreement and certain other matters, all as hereinafter set forth.

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

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

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

“Advance”
shall mean P&I Advance or Servicing Advance.

    2

     

    

“Advance
Rate” shall mean a rate per annum equal to the Prime Rate with respect to an Advance.

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

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

“Appraisal”
shall mean the most recent appraisal of the Mortgaged Property or update thereof prepared by an Independent MAI appraiser with
at least five (5) years’ experience in properties of like kind and in the same area, prepared in accordance with 12
C.F.R. 225.64.

“Appraisal
Reduction Amount” shall mean (1) prior to a Securitization shall mean (i) as of the date of calculation, an
amount equal to the excess, if any, of (a)(i) the Mortgage Loan Principal Balance as of such date of determination, (ii) all
accrued and unpaid interest on (x) Note A at a per annum rate equal to the Interest Rate and (y) the Note B at a per
annum rate equal to the Interest Rate, (iii) all unreimbursed Advances, together with interest thereon at the Advance Rate
and (iv) without duplication of Advances, all currently due and unpaid real estate taxes, ground rents, if applicable, and assessments
and insurance premiums (less any amounts held in escrow for such items) and all other amounts (not including any default interest,
late payment charges, yield maintenance or prepayment charges, liquidated damage amounts, exit fees or other similar fees or charges)
currently due and unpaid with respect to the Mortgage Loan, over (b) an amount equal to the sum of (x) ninety percent (90%) of
the appraised value of the Mortgaged Property as determined by an Appraisal obtained by Note B Holder or the Servicer (the cost
of which shall be advanced by such Servicer as an Advance) minus the dollar amount of any liens on the Mortgaged Property that
are prior to the lien of the Mortgage (without duplication; e.g., excluding liens securing unreimbursed Advances under clause (a)(iii)
above or securing real estate taxes, ground rents, or other amounts included in clause (a)(iv) above), plus (y) all escrows, letters
of credit and reserves in respect of such Mortgage Loan as of the date of calculation and all insurance and condemnation proceeds
that constitute collateral for the Mortgage Loan, and (2) after a Securitization shall have the meaning assigned to such term
of comparable meaning in the Lead Securitization Servicing Agreement. Appraisal Reduction Amounts shall be allocated to reduce,
first, the Note B Principal Balance until reduced to zero, and then, the Note A Principal Balance (on a pro rata and pari
passu basis), in that order, for the purpose of determining the identity of the Controlling Holder, subject to the terms hereof.

“Certificate
Administrator” shall mean the certificate administrator, if any, under the Lead Securitization Servicing Agreement and
any successor appointed as provided thereunder.

    3

     

    

“Certificate
Administrator Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Lead
Securitization Servicing Agreement.

“Certificates”
shall mean any securities (including all classes thereof) representing beneficial ownership interests in any Note A or in a pool
of mortgage loans including any Note A issued in connection with a Securitization of any Note A.

“Closing
Date” shall mean March 11, 2019.

“Code”
shall mean the Internal Revenue Code of 1986, as amended, by applicable temporary or final regulations of the U.S. Department
of Treasury issued thereunder.

“Collection
Account” shall mean, the “collection account” or similar account established pursuant to Section 7
hereof or under the Servicing Agreement, if applicable, for the purpose of servicing the Mortgage Loan, including, with respect
to amounts payable to the Note B Holder, the “A/B whole loan custodial account” or similar account (which may be a
sub-account of the “collection account”).

“Control”
shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of an entity, whether through the ability to exercise voting power, by contract or otherwise. “Controlled by,” “controlling”
and “under common control with” shall have the respective correlative meaning thereto.

“Control
Appraisal Event” shall exist, if and for so long as:

(a)       (1)
the Note B Principal Balance as set forth in the Mortgage Loan Schedule together with any Threshold Event Collateral, minus
(2) the sum of (i) any payments of principal (whether as scheduled amortization, Prepayments or otherwise) allocated
to, and received on, Note B, (ii) any Appraisal Reduction Amounts allocated to Note B and (iii) any Realized Principal
Losses (without duplication of any Appraisal Reduction Amounts),

is less than

(b)       25%
of an amount equal to (i) the Note B Principal Balance as set forth in the Mortgage Loan Schedule, minus (ii) any payments
of principal (whether as scheduled amortization, Prepayments or otherwise) allocated to and received on Note B.

“Controlling
Class” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

“Controlling
Holder” shall have the meaning assigned to such term in Section 20(d) of this Agreement.

“Costs”
shall mean all out-of-pocket costs, fees, expenses, Advances, interest, payments, losses, liabilities, judgments and/or causes
of action reasonably suffered or incurred or reasonably paid by a Holder (or the Servicer, any Trust Advisor, any Trustee or any
Trust, if applicable) pursuant to or in connection with the enforcement and administration of the Mortgage Loan, the Mortgage Loan
Documents (not including any Master Servicing Fees or

    4

     

    

Special Servicing Fees, if applicable),
the Mortgaged Property, this Agreement or otherwise in connection with the enforcement and administration of the Mortgage Loan,
including, without limitation, reasonable attorneys’ fees and disbursements, taxes, assessments, insurance premiums and other
protective advances as more particularly provided in the Mortgage Loan Documents, except for those resulting from the negligence
or willful misconduct of such Holder (or the Servicer, any Trustee, any Trust Advisor, if applicable, or any applicable service
provider); provided, however, that “Costs” shall exclude (i) the costs and expenses relating
to the origination of the Mortgage Loan or the closing of the securitization of any Note A, (ii) the fees of any applicable
Trustee, Trust Advisor or Certificate Administrator or any paying agent under the Servicing Agreement, if applicable, (iii) the
day-to-day customary and usual, ordinary costs of servicing and administration of the Mortgage Loan, and (iv) any expenses
described in Section 2(c).

“Custodian”
shall have the meaning assigned to such term in Section 30 of this Agreement.

“DBRS”
shall have the meaning set forth in the definition of “Rating Agencies”.

“Defaulted
Mortgage Loan” shall mean the Mortgage Loan, in the event that any of the following shall have occurred; (a) any
monetary Event of Default is continuing, (b) the Mortgage Loan has been accelerated or any other right or remedy under the
Mortgage Loan is exercised at law, in equity or otherwise with respect to the Mortgage Loan Borrower or the Mortgaged Property
in respect of a material continuing default thereunder, (c) the outstanding principal balance of the Mortgage Loan is not
paid at maturity, (d) the commencement, whether voluntary or involuntary, of any case, proceeding or other action by or against
the Mortgage Loan Borrower relating to bankruptcy, insolvency, reorganization or relief from debtors, or (e) the Mortgage
Loan shall have become a Specially Serviced Mortgage Loan (and the Mortgage Loan is either in default or a default with respect
thereto is reasonably foreseeable).

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum of the following, without duplication: (i) the Note A Principal
Balance (as of the date of purchase), (ii) accrued and unpaid interest on the Note A Principal Balance at the Note A Interest
Rate, up to (but excluding) the date of purchase and, to the extent that Note A has been Securitized, if such date of purchase
is not a Payment Date, up to the Payment Date next succeeding the date of purchase, provided payment is made in good funds by 3:00 p.m.
New York local time, (iii) any unreimbursed Note A Holder Advances and interest thereon at the Advance Rate, (iv) any
accrued and unpaid Master Servicing Fees and Special Servicing Fees, including any Workout Fees or Liquidation Fees (but excluding
any such Workout Fees or Liquidation Fees if Note A is purchased within 90 days of Note B Holder’s receipt of the applicable
Purchase Option Notice), if applicable, and (v) any unreimbursed Costs incurred by any Note A Holder. In determining the Defaulted
Mortgage Loan Purchase Price, amounts payable by the Mortgage Loan Borrower as a Prepayment Premium, default interest, Penalty
Charges, exit fees and other similar fees and the value of such amounts shall not be included, unless the Person exercising the
purchase option is the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party. Notwithstanding anything herein to the
contrary, if the purchaser 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 (iii), (iv) or (v) of this definition.

    5

     

    

“Directing
Holder” shall mean the Person appointed by the Controlling Holder pursuant to Section 20(g) of this Agreement.

“Eligibility
Requirements” shall mean, with respect to any Person, that such Person (A) (i) either has total assets (in name or under
management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory
surplus or shareholder’s equity of $200,000,000 (in each case including unpledged (other than pledges securing subscription
lines of credit, provided that only the amount by which such unfunded Capital commitments exceed the then outstanding principal
obligations under such subscription lines of credit will be counted), uncalled irrevocable capital commitments that are unconditionally
available to be called by such Person as cash capital contributions to such Person subject only to customary conditions such as
minimum advance notice), or (ii) has a market capitalization of at least $400,000,000 and (B) is regularly engaged in the business
of making or owning (or, in the case of a pension advisory firm, asset manager, registered investment advisor or manager or similar
fiduciary, regularly engaged in managing investments in) commercial real estate loans (or interests therein) (which may include
participation interests in commercial real estate loans and mezzanine loans to direct or indirect owners of commercial properties,
which loans are secured by pledges of direct or indirect ownership interests in the owners of such commercial properties), originating
preferred equity investments in direct or indirect owners of commercial properties, or owning or operating commercial real estate
properties (or interests therein).

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

“Extension
Fees” shall mean extension fees payable by the Mortgage Loan Borrower pursuant to an extension option exercisable by
the Mortgage Loan Borrower pursuant to the terms of the Mortgage Loan Documents.

“Final
Recovery Determination” shall mean a determination with respect to the Mortgage Loan while it is a Defaulted Mortgage
Loan or REO Property, by the Servicer, in its good faith discretion, consistent with the Servicing Standard, that all insurance
proceeds, condemnation proceeds, Liquidation Proceeds, proceeds from REO Property, and other payments or recoveries that the Servicer
expects to be finally recoverable on the Mortgage Loan, without regard to any obligation of any Holder, Servicer or Trustee, as
the case may be, to make payments from its own funds, have been recovered.

“First
Securitization” shall mean the earliest Securitization to occur.

“Fitch”
shall have the meaning set forth in the definition of “Rating Agencies”.

“Holder”
shall mean the respective holder of a Note under this Agreement.

“Initial
Holders” has the meaning provided in the first paragraph of this Agreement.

“KBRA”
shall have the meaning set forth in the definition of “Rating Agencies”.

“KSL”
shall mean KSL Capital Partners Co Trust II, a Maryland business trust.

    6

     

    

“Lead Securitization”
shall mean, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization
occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as
the Note A-1 Securitization occurs.

“Lead Securitization
Note” shall mean the Note included in the Lead Securitization.

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

“Lead Securitization
Note Holder Representative” shall mean the “Directing Certificateholder” or equivalent Person under the Lead
Securitization Servicing Agreement.

“Lead Securitization
Servicing Agreement” shall mean, as of any date of determination, the pooling and servicing agreement or other comparable
agreement that governs the Securitization that is then the Lead Securitization, which shall be substantially in the form of the
Model PSA and shall be a pooling and servicing agreement customary and usually used in the servicing practices of servicers of
commercial mortgage loans intended to be securitized; provided it is acknowledged that such agreement is subject in all
respects to changes (i) required by the Code relating to the tax elections of the related Securitization Trust, (ii) required by
law or changes in any law, rule or regulation, (iii) requested by the Rating Agencies or any purchaser of subordinate certificates
or (iv) such other changes as the holder of Note A deems advisable to conform to recent market pooling and servicing agreements
for commercial mortgage securitizations; provided that no term that is defined in this Agreement by cross-reference to the Lead
Securitization Servicing Agreement shall deviate from the Model PSA in a manner that is adverse to the Note B Holder to more than
a de minimis extent without the prior written consent of the Note B Holder, such consent not to be unreasonably withheld, conditioned
or delayed and (y) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the agreement
described in clause (x), the Lead Securitization Servicing Agreement shall be determined in accordance with the Section 2(c);

“Liquidation
Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

“Liquidation
Proceeds” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

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

“Major
Decisions” shall have the meaning assigned to such term in Section 20(a); provided that during the continuance
of a Control Appraisal Event, “Major Decisions” shall have the meaning assigned to such term in the Lead Securitization
Servicing Agreement.

“Majority
Note B Holder” shall have the meaning assigned to such term in Section 20(d) hereof.

“Master
Servicer” shall mean the master servicer (or single servicer) under the Servicing Agreement and any successor appointed
as provided thereunder.

    7

     

    

“Master
Servicer Remittance Date” shall mean (i) with respect to Note A shall have the meaning assigned to such term or
comparable term in the Securitization Servicing Agreement, and (ii) with respect to Note B, the third Business Day after the
applicable Payment Date; provided, that if any delinquent payments are received by the Master Servicer after the related
Payment Date, the Master Servicer Remittance Date with shall mean the third Business Day after the date of receipt.

“Master
Servicing Fee” shall have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

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

“Model
PSA” shall mean the pooling and servicing agreement dated as of May 1, 2018, among Wells Fargo Commercial Mortgage Securities,
Inc., as depositor, Wells Fargo Bank, National Association, as master servicer, Rialto Capital Advisors, LLC, as 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 with respect to the WFCM 2018-C44 securitization.

“Moody’s”
shall have the meaning set forth in the definition of “Rating Agencies”.

“Morningstar”
shall have the meaning set forth in the definition of “Rating Agencies”.

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

“Mortgage
Interest Rate” shall mean, with respect to the Mortgage Loan and each Note, the applicable Mortgage Interest Rate set
forth in the Mortgage Loan Schedule.

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

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

“Mortgage
Loan Borrower Related Party” shall mean the Mortgage Loan Borrower, any Guarantor (as such term is defined in the Loan
Agreement), any replacement guarantor required under the Loan Agreement or any of their respective Affiliates.

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

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

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

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

    8

     

    

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

“Non-Controlling
Holder” shall have the meaning assigned to such term in Section 20(d) hereof

“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 Servicer 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 to make such payments free of any obligation to withhold taxes; provided, that duly
executed form(s) provided to the Servicer pursuant to Section 33(c) hereof shall be sufficient to evidence that such
providing Holder is not a Non-Exempt Person or liability for withholding.

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

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

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

“Nonrecoverable
Advance” shall mean, (i) with respect to any Advances made by a Servicer or the Trustee under the Lead Securitization
Servicing Agreement, “Nonrecoverable Advance” as defined in the Lead Securitization Servicing Agreement, and (ii) with
respect to any P&I Advance made by a party to any other Securitization Servicing Agreement, “Nonrecoverable Advance”
or any analogous term as defined in such other Securitization Servicing Agreement.

“Nonrecoverable
Servicing Advance” shall mean any Servicing Advance that is a Nonrecoverable Advance.

“Note A”
shall mean individually and/or collectively as the context may require, Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5.

“Note A
Controlling Holder” shall mean individually and/or collectively as the context may require, the Note A-1 Controlling
Holder, the Note A-2 Controlling Holder, the Note A-3 Controlling Holder, the Note A-4 Controlling Holder and the Note A-5 Controlling
Holder.

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

“Note A
Holder” shall have the meaning assigned to such term in the introductory paragraph hereof.

“Note A
Holder Advance” shall mean any Advance by any Note A Holder or any Servicer or Trustee under this Agreement or the Servicing
Agreement with respect to a Note A, the Mortgage Loan or the Mortgaged Property.

    9

     

    

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

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

“Note A
Percentage Interest” shall mean individually or collectively, as the context may require, the Note A-1 Percentage Interest,
the A-2 Percentage Interest, the A-3 Percentage Interest, the A-4 Percentage Interest and/or the Note A-5 Percentage Interest.

“Note A
Principal Balance” shall mean individually or collectively, as the context may require, the Note A-1 Principal Balance,
the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance and/or the Note A-5 Principal Balance.

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

“Note A-1
Controlling Holder” shall mean the Holder of greater than fifty percent (50%) of the interests in Note A-1.

“Note A-1
Holder” shall mean the Note A-1 Holder named in the recitals or any subsequent holder of Note A-1.

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

“Note A-1
Principal Balance” shall mean, at any time of determination, the Note A-1 Principal Balance as set forth in the Mortgage
Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B
Holder pursuant to Section 9(b) hereof) thereon received by the Note A-1 Holder with respect to Note A-1 and (ii) any
reductions in such amount pursuant to Section 5.

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

“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 a Securitization.

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

“Note A-2
Controlling Holder” shall mean the Holder of greater than fifty percent (50%) of the interests in Note A-2.

“Note A-2
Holder” shall mean the Note A-2 Holder named in the recitals or any subsequent holder of Note A-2.

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

    10

     

    

“Note A-2
Principal Balance” shall mean, at any time of determination, the Note A-2 Principal Balance as set forth in the Mortgage
Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B
Holder pursuant to Section 9(b) hereof) thereon received by the Note A-2 Holder with respect to Note A-2 and (ii) any
reductions in such amount pursuant to Section 5.

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

“Note A-3
Controlling Holder” shall mean the Holder of greater than fifty percent (50%) of the interests in Note A-3.

“Note A-3
Holder” shall mean the Note A-3 Holder named in the recitals or any subsequent holder of Note A-3.

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

“Note A-3
Principal Balance” shall mean, at any time of determination, the Note A-3 Principal Balance as set forth in the Mortgage
Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B
Holder pursuant to Section 9(b) hereof) thereon received by the Note A-3 Holder with respect to Note A-3 and (ii) any
reductions in such amount pursuant to Section 5.

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

“Note A-4
Controlling Holder” shall mean the Holder of greater than fifty percent (50%) of the interests in Note A-4.

“Note A-4
Holder” shall mean the Note A-4 Holder named in the recitals or any subsequent holder of Note A-4.

“Note A-4
Percentage Interest” shall mean, as of any date, the ratio of the Note A-4 Principal Balance to the Mortgage Loan Principal
Balance.

“Note A-4
Principal Balance” shall mean, at any time of determination, the Note A-4 Principal Balance as set forth in the Mortgage
Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B
Holder pursuant to Section 9(b) hereof) thereon received by the Note A-4 Holder with respect to Note A-4 and (ii) any
reductions in such amount pursuant to Section 5.

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

“Note A-5
Controlling Holder” shall mean the Holder of greater than fifty percent (50%) of the interests in Note A-5.

“Note A-5
Holder” shall mean the Note A-5 Holder named in the recitals or any subsequent holder of Note A-5.

    11

     

    

“Note A-5
Percentage Interest” shall mean, as of any date, the ratio of the Note A-5 Principal Balance to the Mortgage Loan Principal
Balance.

“Note A-5
Principal Balance” shall mean, at any time of determination, the Note A-5 Principal Balance as set forth in the Mortgage
Loan Schedule, less (i) any payments of principal (including the principal portion of any cure payment made by the Note B
Holder pursuant to Section 9(b) hereof) thereon received by the Note A-5 Holder with respect to Note A-5 and (ii) any
reductions in such amount pursuant to Section 5.

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

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

“Note B
Holder” shall have the meaning assigned to such term in the introductory paragraph hereof.

“Note B
Holder Cure Event” shall have the meaning assigned to such term in Section 9(b) hereof.

“Note B
Holder Cure Right” shall have the meaning assigned to such term in Section 9(b) hereof.

“Note B
Holder Purchase Notice” shall have the meaning assigned to such term in Section 9(a) hereof.

“Note B
Interest Rate” shall mean the Note B Interest Rate set forth in the Mortgage Loan Schedule, corresponding to the Mortgage
Interest Rate in effect from time to time with respect to Note B.

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

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

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

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

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

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

    12

     

    

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

“Par Purchase
Price” shall mean a cash price equal to the aggregate of: (a) the outstanding principal balance of the Mortgage
Loan as of the date of purchase, (b) all accrued and unpaid interest on the Mortgage Loan to, but not including, the due date
immediately following the date of purchase (exclusive, however, of any portion of such accrued but unpaid interest that represents
default interest), (c) all related unreimbursed servicing Advances, and (d) all accrued and unpaid interest, if any,
in respect of related Advances at the Advance Rate.

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

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

“Percentage
Interest” shall mean, with respect to (1) the Note A-1 Holder, the Note A-1 Percentage Interest, (2) the Note A-2 Holder,
the Note A-2 Percentage Interest, (3) the Note A-3 Holder, the Note A-3 Percentage Interest, (4) the Note A-4 Holder, the Note
A-4 Percentage Interest, (5) the Note A-5 Holder, the Note A-5 Percentage Interest and (6) the Note B Holder, the Note B Percentage
Interest.

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i)(a) one of the entities listed on Exhibit B
attached hereto and made a part hereof, or the successor-in-interest thereto or a Person Controlling, Controlled by or under Common
Control with, any such entity, or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate or (b) an entity that is otherwise a Qualified Institutional Lender under clauses (a),
(b), (c) or (d) of the definition thereof, (ii) investing through a fund with committed capital
of at least $250,000,000 and (iii) not subject to a proceeding or other action, whether voluntary or involuntary, of any case
arising under any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization or relief of debtors.

“Person”
shall mean any individual, sole proprietorship, corporation, general partnership, limited partnership, limited liability company
or partnership, joint venture, association, joint stock company, bank, trust, estate unincorporated organization, any federal,
state, county or municipal government (or any agency or political subdivision thereof) endowment fund or any other form of entity.

“Pledge”
shall have the meaning assigned to such term in Section 17 hereof.

“Pledgee”
shall have the meaning assigned to such term in Section 17 hereof.

“Prepayment”
shall mean any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance
of its scheduled

    13

     

    

Maturity Date, whether made by reason
of a casualty or condemnation, due to the acceleration of the maturity of such Mortgage Loan or otherwise.

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

“Prime
Rate” means the highest prime rate (or base rate) reported in the Money Rates column or section of The Wall Street Journal
(Eastern Edition) published from time to time, as the rate in effect for corporate loans at large U.S. money center commercial
banks (whether or not such rate has actually been charged by any such bank).

“Proceeding”
shall mean the commencement, whether voluntary or involuntary, of any case, proceeding or other action by or against a Person under
any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization or relief of debtors.

“Prohibited
Person” means any Person:

(i)       listed
in the annex to, or who is otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist Financing, effective
September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism (the “Executive Order”);

(ii)       that
is owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to
the provisions of, the Executive Order;

(iii)       with
whom a Person is prohibited from dealing or otherwise engaging in any transaction by any terrorism or money laundering law, including
the Executive Order;

(iv)       who
commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order;

(v)       that
is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury
Department Office of Foreign Assets Control at its official website or at any replacement website or other replacement official
publication of such list; or

(vi)       who
is an Affiliate of a Person listed in clauses (i) through (v) above.

“Purchase
Option Notice” shall have the meaning assigned to such term in Section 9(a) hereof.

“Purchase
Right Cut-Off Date” shall mean the earliest date to occur of (1) the cure of the event or circumstance resulting in the
Mortgage Loan being a Defaulted Mortgage Loan, (2) the consummation of a foreclosure sale, sale by power of sale or delivery
of a deed in lieu of foreclosure with respect to the Mortgaged Property, except that if the Servicer intends to accept a deed in
lieu of foreclosure, it shall notify the Note B Holder, and the Note B Holder shall have the option, within ten (10) Business
Days from the date of receipt of notice to such effect, to

    14

     

    

deliver a Note B Holder Purchase Notice
to the Note A Holders and, provided that such notice has been delivered within such time period, to consummate the purchase option
within twenty (20) Business Days after such Note B Holder Purchase Notice is so delivered (which period shall be extended
for an additional thirty (30) days if the Note B Holder delivers a cash deposit in an amount equal to ten percent (10%) of the
Defaulted Mortgage Loan Purchase Price within such twenty (20) Business Day period, and (3) the modification of the Mortgage
Loan Documents effected in accordance herewith and with the terms of the Servicing Agreement (and subject to the approval rights
of the Directing Holder set forth herein and therein).

“Qualified
Conduit Lender” shall mean a commercial paper conduit program (a “Conduit”) as to which the following
conditions are satisfied:

(a)       the
terms of the loan (a “Conduit Inventory Loan”) made by the Conduit to the Note B Holder require the Conduit
to maintain a third party (“Conduit Credit Enhancer”) to provide credit enhancement;

(b)       the
Conduit Credit Enhancer is a Qualified Institutional Lender;

(c)       the
Note B Holder pledges its interest in Note B to the Conduit as collateral for the Conduit Inventory Loan; and

(d)       the
Conduit Credit Enhancer and the Conduit agree that, if the Note B 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 the Note B Holder, the Conduit Credit Enhancer
will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of the applicable Note B Holder’s
interest in Note B to the Conduit Credit Enhancer; and unless the Conduit is in fact then a Qualified Institutional Lender, the
Conduit will not, without obtaining the written consent of each Note A Holder, have any greater right to acquire the interests
in Note B pledged by the Note B Holder, by foreclosure or otherwise, than would any other purchaser that is not a Qualified Institutional
Lender at a foreclosure sale conducted by a Pledgee.

“Qualified
Institutional Lender” shall mean (i) the WFB or a Common Control Party of the WFB, (ii) a Qualified Transferee or
(iii) KSL or a Common Control Party of KSL.

“Qualified
Servicer” shall mean any nationally recognized commercial mortgage loan servicer that: (i) is rated at least “CMS3”
(in the case of a master servicer) or “CSS3” (in the case of a special servicer), by Fitch; (ii) appears on the
S&P Select List as a U.S. Commercial Mortgage Master Servicer, in the case of a master servicer, and the S&P Select
List as a U.S. Commercial Mortgage Special Servicer, in the case of a special servicer; (iii) acts as the master servicer
or special servicer, as applicable, in at least one commercial mortgage loan securitization transaction rated by Moody’s
within the twelve (12)-month period prior to the date of determination and Moody’s has not cited servicing concerns of the
applicable servicer as a 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 the applicable servicer prior
to the time of determination; (iv) in the case of a special servicer, has a special servicer ranking of at least “MOR CS3”
by Morningstar (if ranked by

    15

     

    

Morningstar) or (b) if not ranked by
Morningstar, is currently acting as a special servicer on a deal or transaction-level basis for all or a significant portion of
the related mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Morningstar, Fitch, DBRS or KBRA
and the trustee does not have actual knowledge that Morningstar has, and the replacement special servicer certifies that Morningstar
has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings on one or more
classes of such CMBS transaction citing servicing concerns of the applicable replacement as the sole or material factor in such
rating action; (v) in the case of a special servicer, KBRA has not cited servicing concerns of such special servicer as the sole
or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in
contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the
time of determination; and (vi) in the case of a special servicer, within the twelve (12) month period prior to the date of determination,
such special servicer has acted as special servicer for one or more loans included in a commercial mortgage loan securitization
that was rated by DBRS, and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities
or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer
of such commercial mortgage loans as a material reason for such downgrade or withdrawal (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal). For avoidance of doubt, the foregoing ratings requirements shall be disregarded
for each Rating Agency that does not rate the Certificates.

“Qualified
Transferee” shall mean one or more of the following:

(A)       a
real estate investment trust, bank, saving and loan association, investment bank, insurance company, trust company, commercial
credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, provided that
any such Person referred to in this clause (A) satisfies the Eligibility Requirements;

(B)       an
investment company, money management firm or “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, or an institutional “accredited investor” within the meaning of Regulation D
under the Securities Act of 1933, as amended, provided that any such Person referred to in this clause (B) satisfies
the Eligibility Requirements;

(C)       an
institution substantially similar to any of the foregoing entities described in clause (A) or (B) that
satisfies the Eligibility Requirements;

(D)       any
entity Controlled by, Controlling or under common Control with any of the entities described in clause (A), (B) or
(C) above;

(E)       an
investment fund, limited liability company, limited partnership or general partnership where a Permitted Fund Manager acts as general
partner, managing member or fund manager and at least fifty percent (50%) of the equity interests in such investment vehicle
are owned, directly or indirectly, by one or more of the entities that are otherwise Qualified Transferees under clause (A),
(B), (C) or (D) of this definition; and

    16

     

    

(F)       a
Qualified Trustee in connection with a securitization of a Note or any interest therein (a “Securitization Vehicle”),
provided that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least
investment grade by each of the Rating Agencies that assigned a rating to one or more classes of securities issued in connection
with a Securitization (it being understood that with respect to any Rating Agency that assigned such a rating to the securities
issued by such Securitization Vehicle, a Rating Agency Confirmation will not be required in connection with a transfer of such
Note or any interest therein to such Securitization Vehicle); (2)  the special servicer of such Securitization Vehicle is
a Qualified Servicer or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note or any interest therein in accordance
with servicing arrangements for the assets held by the Securitization Vehicle which require that such Approved Servicer act in
accordance with a servicing standard notwithstanding any contrary direction or instruction from any other Person.

Notwithstanding
the foregoing, no Person shall be deemed to be a Qualified Transferee if (i) such Person is the subject of any Proceeding; (ii) such
Person or any Affiliate of such Person is a Prohibited Person; or (iii) such Person is a Mortgage Loan Borrower Related Party.

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

“Rating
Agencies” shall mean, collectively (as applicable), S&P Global Ratings
(“S&P”), Moody’s Investors Service, Inc. (“Moody’s”), Fitch, Inc. (“Fitch”),
Kroll Bond Rating Agency, Inc. (“KBRA”), and Morningstar, Inc. (“Morningstar”), DBRS, Inc.
(“DBRS”), and any other nationally recognized statistical rating agency reasonably engaged by any Note Holder to rate
the securities issued in connection with the Securitization of the related Note; provided, however, that, at any
time during which 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 by the related depositor (or its Affiliate)
from time to time to rate the securities issued in connection with the Securitizations of the related Notes.

“Rating
Agency Confirmation” shall mean (1) at any time that Note A is an asset of a Securitization, a written affirmation
(which may be in electronic form) from each of the Rating Agencies then rating such Securitization that the credit rating of the
Certificates assigned by such Rating Agency immediately prior to the occurrence of the event with respect to which such Rating
Agency Confirmation is sought will not be qualified, downgraded or withdrawn as a result of the occurrence of such event and (2) 
at any time that Note A is not included in a Securitization, the consent of the Note A Holder, which consent shall not be unreasonably
withheld, conditioned or delayed. For the purposes of this Agreement, if any Rating Agency shall, in writing (which may be by e-mail),
waive, decline or refuse to review or otherwise engage any request for Rating Agency Confirmation hereunder, such waiver, declination,
or

    17

     

    

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 engage in any request
for a Rating Agency Confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in
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..

“Realized
Principal Loss” shall mean any reduction in the Mortgage Loan Principal Balance that does not result in an accompanying
payment of principal to any of the Holders, which may result from, but is not limited to, one of the following circumstances: (i) the
cancellation or forgiveness of any portion of the Mortgage Loan Principal Balance in connection with a bankruptcy or similar proceeding
or a modification or amendment of the Mortgage Loan pursuant to the terms hereof or granted by the Servicer pursuant to the terms
of the Servicing Agreement; or (ii) a reduction in the mortgage interest rate in connection with a bankruptcy or similar proceeding
involving the related Mortgage Loan Borrower or a modification or amendment of the Mortgage Loan pursuant to the terms hereof or
agreed to by the Servicer in accordance with the terms of the Servicing Agreement, that as a result of the application of Section 5,
results in the application of principal to pay interest to one or more Holders (each such Realized Principal Loss described in
this clause (ii) shall be deemed to have been incurred on the Payment Date for each affected Scheduled Payment).

“Redirection
Notice” shall have the meaning assigned to such term in Section 17 hereof.

“REMIC”
shall mean a “real estate mortgage investment conduit” as defined in section 860D of the Code.

“REO Property”
shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

“Scheduled
Payment” shall mean the monthly debt service payment of scheduled principal and/or interest (but excluding default interest)
due and payable in accordance with the terms of the Mortgage Loan Documents.

“Securitization”
shall mean the sale by a Note A Holder of its Note to a depositor who will in turn include such Note as part of a securitization
of one or more mortgage loans, as the context requires.

“Securitization
Date” shall mean the effective date on which the First Securitization is consummated.

“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 A or any portion thereof is
held.

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

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

“Servicing
Agreement” shall mean, with respect to the Mortgage Loan (i) prior to the Securitization Date, any agreement pursuant
to which the Mortgage Loan or any REO Property is to be serviced and administered in accordance with Section 2(b) hereof,
(ii) from and after the Securitization Date, the Lead Securitization Servicing Agreement and (iii) after the Securitization
Date, if Note A is no longer an asset of the Trust, the subsequent servicing agreement entered into pursuant to Section 2(c)
hereof.

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

“Servicing
Standard” shall mean the higher of (a) the same care, skill, prudence and diligence with which Note A Holder services
and administers similar mortgage loans for other third party portfolios, giving due consideration to customary and usual standards
of practice of prudent institutional commercial lenders servicing their own loans and (b) the same care, skill, prudence and
diligence which Note A Holder utilizes for loans which Note A Holder owns for its own account, in each case, acting in accordance
with applicable law, the terms of this Agreement, the Mortgage Loan Documents and the Mortgage Loan’s insurance policies
and with a view to the maximization of timely recovery of principal and interest on a net present value basis on the Mortgage Loan
but, in each case, without regard to:

i.                       
any relationship that Note A Holder or any Affiliate of Note A Holder may have with the Borrower or any Affiliates of the
Borrower;

ii.                       
the ownership of any interest in the Loan by Note A Holder or any Affiliate of Note A Holder;

iii.                       
the ownership of any junior indebtedness with respect to the Mortgaged Property by Note A Holder or any Affiliate of Note
A Holder;

iv.                       
Note A Holder’s obligation to make Advances as specified herein;

v.                       
Note A Holder’s right to receive compensation for its services hereunder or with respect to any particular transaction;

vi.                       
the ownership, or servicing or management for others, by Note A Holder or any sub-servicer, of any other mortgage loans
or properties; or

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vii.                       
any repurchase or indemnity obligation on the part of Note A Holder in its capacity as a mortgage loan seller;

provided, however,
that, subject to Section 2, from and after the occurrence of a Securitization Date, “Servicing Standard”
shall have the same meaning as the analogous definition set forth in any applicable Securitization Servicing Agreement, which definition
(a) shall be substantially similar in all material respects with the definition set forth herein, consistent with similar
definitions in other pooling and servicing agreements, trust and servicing agreements or similar agreements and (b) shall
provide, among other things, that the Master Servicer and any applicable Special Servicer shall service the Mortgage Loan for the
benefit of Note A Holder and Note B Holder as a collective whole (it being understood that the interest of the Note B Holder is
a junior interest, subject to the terms and conditions of this Agreement), as provided in this Agreement. “Note A Holder”
solely as used in this definition shall also refer to any servicer acting as servicer or administrator of the Mortgage Loan.

“Servicing
Transfer Event” shall mean an event under the Servicing Agreement, whereby the servicing of the Mortgage Loan is required
to be transferred to any applicable Special Servicer from the Master Servicer.

“Special
Servicer” shall mean (a) prior to the Securitization Date, or if neither Note A nor any interest therein nor any
successor REO Property or interest therein constitutes an asset of any Trust, or any applicable Securitization Servicing Agreement
by its terms otherwise ceases to control, terminates or otherwise ceases to provide for the servicing of the Mortgage Loan, the
special servicer of the Mortgage Loan appointed pursuant to Section 2(c) hereof; and (b) if and for so long as
the Mortgage Loan is serviced and administered in accordance with the Lead Securitization Servicing Agreement, any special servicer
of the Mortgage Loan appointed under and as defined in the terms of such Lead Securitization Servicing Agreement or any successor
special servicer appointed as provided thereunder.

“Special
Servicing Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing
Agreement.

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

“Sub-Servicer”
shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

“Subordinate
Class Representative” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the
Servicing Agreement.

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

“Threshold
Event Collateral” shall have the meaning assigned to such term in Section 20(c) hereof.

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“Threshold
Event Cure” shall have the meaning assigned to such term in Section 20(c) hereof.

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

“Triggering
Event of Default” shall mean (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower
to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as to which the Mortgage Loan becomes a
Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default).

“Trust
Advisor” shall, if applicable, mean the “trust advisor” or “operating advisor” under the Lead
Securitization Servicing Agreement and any successor appointed as provided thereunder.

“Trust
Advisor Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Lead Securitization
Servicing Agreement.

“Trust”
shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Lead Securitization Servicing Agreement.

“Trustee”
shall mean, for so long as Note A is included in a Securitization, the bank or trust company appointed as provided in the Lead
Securitization Servicing Agreement.

“Trustee
Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term 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 law 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. Person 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).

“Workout
Fee” shall, if applicable, have the meaning assigned to such term or comparable meaning term in the Servicing Agreement.

“WFB”
has the meaning assigned to such term in the recitals.

2.                 
Administration of the Mortgage Loan Generally.

(a)               
From and after the date hereof, administration of the Mortgage Loan shall be governed by this Agreement and the Servicing
Agreement, which Servicing Agreement shall not

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be amended or modified in any manner
materially adverse to the holder of Note B without the Note B Holder’s prior written consent. The Note A Holder shall have
the right to appoint any Master Servicer in accordance with the terms hereof and the Servicing Agreement. The Controlling Holder
shall have the right from and after the date of this Agreement to appoint any Special Servicer with respect to the Mortgage Loan
in accordance with the terms of this Agreement and the Servicing Agreement. Each Holder hereby appoints the Master Servicer, the
Special Servicer and the Trustee in the Lead Securitization as such Holder’s attorney-in-fact to sign any documents reasonably
required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing
Agreement (subject at all times to the rights of such Holder set forth herein and in the Lead Securitization Servicing Agreement).
The Controlling Holder hereby approves of Midland Loan Services, a Division of PNC Bank, National Association, as the initial Special
Servicer of the First Securitization and Rialto Capital Advisors, LLC as the initial Special Servicer of the Note A-1 Securitization.

(b)              
Subject to the terms and provisions of this Agreement, the right of the Note B Holder to receive payments of interest,
principal and other amounts with respect to Note B shall at all times be junior, subject and subordinate to Note A and the right
of the Note A Holder to receive payments of interest, principal and other amounts with respect to Note A.

(c)               
Prior to the Securitization Date, the Note A-1 Holder shall cause the Mortgage Loan to be serviced in the interim
until the Securitization by a Qualified Servicer in accordance with the Servicing Standard. The Note A-1 Holder, on behalf of itself
and the other Holders, has appointed WFB as the initial Servicer hereunder pursuant to that certain Servicing Acknowledgement Agreement,
dated as of the Closing Date, between Servicer and WFB (as holder of Original Note A-1 and Original Note A-2), and acknowledged
and agreed to by Note B Holder and the initial Custodian, and Servicer has agreed to service the Mortgage Loan in accordance with
the terms of this Agreement and the Servicing Standard. In addition, prior to the Securitization Date, the Note B Holder may, at
its option, require the Note A Holders to enter into, or cause a commercial mortgage loan servicing institution reasonably acceptable
to the Note B Holder to enter into, an interim servicing agreement reasonably acceptable to the Note B Holder and the Note A Holders
to govern the servicing and/or special servicing of the Mortgage Loan (which interim servicing agreement shall be superseded by
the Lead Securitization Servicing Agreement and shall terminate with respect to the Mortgage Loan upon the occurrence of the First
Securitization). At any time after the First Securitization that the Mortgage Loan is no longer subject to the provisions of the
Lead Securitization Servicing Agreement, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to a servicing
agreement agreed upon by the Note A Holders and the Note B Holder, which contains servicing provisions substantially similar to
those of such Securitization Servicing Agreement, and all references herein to the “Servicing Agreement” shall mean
such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered
into, the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of such Securitization Servicing
Agreement as if such agreement were still in full force and effect with respect to the Mortgage Loan; provided, further,
that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified
Servicer appointed by the Note A-1 Holder and does not have to be performed by the servicers set forth under such Securitization
Servicing Agreement. Consent of any Holder to any replacement Servicing Agreement proposed by the Note A-1 Holder shall not be
unreasonably withheld,

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conditioned or delayed to the extent
such Servicing Agreement is substantially similar to any applicable Securitization Servicing Agreement. Notwithstanding anything
to the contrary contained herein (including Sections 5 and 20(a) hereof), in accordance with the Servicing Agreement,
the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard as set forth
in such Servicing Agreement, taking into account the interests of the Note A Holders and the Note B Holder (to the extent such
Note B Holder is not a Mortgage Loan Borrower Related Party), with a view to maximizing the realization for all such Holders as
a collective whole (it being understood that the interest of the Note B Holder is a junior interest, subject to the terms and conditions
of this Agreement), and any Note A Holder and Note B Holder that is not a Mortgage Loan Borrower Related Party shall be deemed
a third party beneficiary of such provisions of such Servicing Agreement. In furtherance of the foregoing, in the event of a “Servicing
Transfer Event” or comparable term (as defined in any Securitization Servicing Agreement) with respect to the Mortgage Loan,
any Holder that is not a Mortgage Loan Borrower Related Party shall be entitled to receive “Asset Status Reports” or
comparable term (as defined in the applicable Servicing Agreement) from any applicable Special Servicer. In addition, for so long
as no Control Appraisal Event is continuing and the Note A is included in a Securitization, the Note B Holder shall be entitled
to exercise all rights otherwise afforded to the Subordinate Class Representative or similar Person pursuant to any applicable
Securitization Servicing Agreement with respect to the Mortgage Loan.

(d)              
The Holders acknowledge (x) that the Servicer is to comply with this Agreement and the Mortgage Loan Documents
in the servicing of the Mortgage Loan and (y) that the rights of the holder of the Mortgage Loan, and consequently those of
the Holders, are subject to the terms and provisions of the Mortgage Loan Documents and the laws applicable to the Mortgage Loan.
The Holders further acknowledge that, following the Securitization Date, this Agreement shall constitute an “Intercreditor
Agreement” or comparable term as defined under such applicable Securitization Servicing Agreement.

(e)               
The Servicers shall be entitled to the Master Servicing Fee, the Special Servicing Fee, the Liquidation Fee and the
Workout Fee, in each case at the times and in the amounts set forth in the Servicing Agreement. For any period during which the
provisions of Section 4 apply, any Special Servicing Fees, Workout Fees or Liquidation Fees shall be paid from funds available
for distribution prior to the distribution of funds to the Holders in accordance with Section 4 (it being agreed that a Workout
Fee and a Liquidation Fee shall not be payable with respect to the same payment or with respect to the same period of time, or
otherwise simultaneously or duplicatively). No Workout Fee shall be payable with respect to the Mortgage Loan if it becomes a “Corrected
Mortgage Loan” or comparable meaning term if and to the extent that (i) the Mortgage Loan became a Specially Serviced
Mortgage Loan (as defined in the applicable Securitization Servicing Agreement) due to an imminent material payment default, (ii) no
Event of Default actually occurs relating to the matter for which the Mortgage Loan was designated a “Specially Serviced
Mortgage Loan” and (iii) the Mortgage Loan is not modified by any Special Servicer. The Certificate Administrator and
the Trust Advisor shall be entitled to receive the Certificate Administrator Fee and the Trust Advisor Fee, respectively, in each
case at the times and in the amounts set forth in the Servicing Agreement. The Holders acknowledge that pursuant to the Servicing
Agreement, a Servicer may be entitled to receive Additional Servicing Compensation. To the extent any such Additional Servicing
Compensation is actually received by a Servicer in accordance with the Servicing Agreement, such Servicer shall be

    23

     

    

entitled to retain the same. Notwithstanding
anything in this Agreement to the contrary, in no event, shall any amounts relating to Additional Servicing Compensation, the Certificate
Administrator Fee or the Trust Advisor Fee or any similar fee that is payable under the Servicing Agreement (other than the Servicing
Fee, the Special Servicing Fee and any Workout Fees or Liquidation Fees) be deducted from any distributions to any Holder pursuant
to Section 3 or Section 4, as applicable, unless otherwise indicated.

(f)               
The parties hereto acknowledge that each Note A or interests in each Note A may be included as an asset of a REMIC
(notice of which, in the case of any Holder’s interest, shall be given by such Holder to the other Holder within three (3) Business
Days of the “startup day,” within the meaning of Section 860G(a)(9) of the Code, of the related REMIC), and any
provision of this Agreement to the contrary notwithstanding, for so long as any interest in Note A remains an asset of a REMIC:
(i) the Mortgage Loan shall be administered such that it 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 A Holder pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu
of foreclosure of the Mortgage or otherwise or lien on such property following a default on the Mortgage Loan shall be administered
so that the interest of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Holder 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 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 Treasury Regulation Section 1.860G-2(b), more than three (3) months
after the earliest startup day of the REMIC which includes Note A (or any portion thereof) or would otherwise cause the REMIC to
fail to qualify as a REMIC. The Holders agree that the provisions of this paragraph shall be effected by compliance by the Note
A Holder or its assignee with this Agreement, the Servicing Agreement or any other servicing agreement that governs the administration
of the Mortgage Loan or the Holders’ interest therein. All costs and expenses of compliance with this Section 2(f),
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 only by the
Holder of the Note that is (or Holders of the Notes that are) included in the REMIC.

(g)              
To the extent any Note A Holder or Note B Holder shall have any consent, approval or waiver rights or the right to
direct or to take any particular action hereunder (including, without limitation, those purchase and cure rights set forth in Section 9
hereof), any such rights shall be exercised by the Note A-1 Controlling Holder on behalf of the Note A-1 Holder, the Note A-2 Controlling
Holder on behalf of the Note A-2 Holder, Note A-3 Controlling Holder on behalf of the Note A-3 Holder, Note A-4 Controlling Holder
on behalf of the Note A-4 Holder, Note A-5 Controlling Holder on behalf of the Note A-5 Holder, or the Majority Note B Holder on
behalf of the Note B Holder, as applicable.

3.                 
Subordination of Note B; Payments Prior to a Triggering Event of Default. The right of the Note B Holder to
receive payments of principal, interest and other amounts in respect of Note B shall at all times be junior, subject and subordinate
to Note A and the right of the Note

    24

     

    

A Holders to receive payments of principal,
interest and other amounts in respect of Note A. Subject to the application of Section 5, if no Triggering Event of
Default shall have occurred and be continuing (provided that for purposes of determining whether a Triggering Event of Default
has occurred under this Section 3, a monetary Event of Default shall not be considered a Triggering Event of Default
if such default is being cured by the Note B Holder pursuant to and in accordance with Section 9(b) (provided that
the cure period has not expired and the Note B Holder is permitted to cure under the terms of Section 9(b)), then all
amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on the Mortgage Loan (including, without limitation,
payments received in connection with any guaranty or indemnity agreement), whether received in the form of Scheduled Payments,
Prepayments, balloon payments, Liquidation Proceeds, Penalty Charges, cure payments, proceeds under title, hazard or other insurance
policies or awards or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain (other
than any amounts for required reserves or escrows required by the Mortgage Loan Documents and proceeds, awards or settlements to
be applied to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with
the Servicing Standard or the Mortgage Loan Documents) shall be distributed by the Master Servicer and applied in the following
order of priority, subject to any deduction, reimbursement, recovery or other payment required or permitted under this Agreement
with respect to the Mortgage Loan or the Mortgaged Property (and payments shall be made at such times as are set forth in the applicable
Servicing Agreement), in each case to the extent of available funds:

(a)               
first, to the Note A Holders on a pro rata and pari passu basis (or a Servicer, Certificate
Administrator or Trustee, as applicable), up to the amount of any unreimbursed Costs paid by the Note A Holders (or paid or advanced
by a Servicer, Certificate Administrator or Trustee, as applicable) with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement, including, without limitation, unreimbursed Note A Holder Advances and interest thereon at the applicable
Advance Rate, to the extent such Costs and Note A Holder Advances and interest thereon are then payable under the Servicing Agreement;

(b)              
second, to the Master Servicer, any Certificate Administrator and any Trust Advisor, if applicable, the applicable
accrued and unpaid Master Servicing Fee, the Certificate Administrator Fee (including the portion that is a Trustee Fee) and the
Trust Advisor Fee, if any, respectively, earned by such party with respect to the Mortgage Loan (or, in the case of the Certificate
Administrator Fee and the Trust Advisor Fee, Note A) under this Agreement or the Servicing Agreement;

(c)               
third, pro rata, to (i) the Note A Holders on a pro rata and pari passu basis in an
amount equal to (1) the accrued and unpaid interest on the Note A Principal Balance at the Note A Net Interest Rate, minus
(2)(x) the Certificate Administrator Fee (including the Trustee Fee), if any, and (y) the Trust Advisor Fee, if any, and (ii) the
Note B Holder, in an amount equal to the accrued and unpaid interest on the Note B Principal Balance at the Note B Net Interest
Rate;

(d)              
fourth, pro rata, to the Note Holders in accordance with their respective initial Percentage Interests,
any principal payments received on the Mortgage Loan for the related interest accrual period, which amounts shall be applied in
reduction of the Note A Principal Balance (on a pro rata and pari passu basis) and the Note B Principal Balance,
respectively;

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(e)               
fifth, to the Note B Holder, pro rata, up to the amount of any unreimbursed Costs paid by the
Note B Holder with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(f)               
sixth, any interest accrued at the Mortgage Loan Default Rate on the Mortgage Loan Principal Balance to the
extent such default interest amount is (i) actually paid by the Mortgage Loan Borrower and (ii) in excess of interest
accrued on the Mortgage Loan Principal Balance at the Mortgage Interest Rate, first, to the Note A Holders on a pro rata
and pari passu basis (subject to the allocation of such amount pursuant to the terms of the Servicing Agreement) in an amount
calculated on the Note A Principal Balance on such Payment Date prior to the application of funds contemplated in this Section 3
at the excess of (A) the Note A Default Interest Rate over (B) the Note A Interest Rate and second, to the Note
B Holder in an amount calculated on the Note B Principal Balance on such Payment Date prior to the application of funds contemplated
in this Section 3 at the excess of (A) the Note B Default Interest Rate over (B) the Note B Interest Rate;

(g)              
seventh, pro rata, to: (i) the Note A Holders on a pro rata and pari passu basis,
its Note A Percentage Interest (prior to the application of funds contemplated in this Section 3) of any Prepayment
Premium and (ii) the Note B Holder, its Note B Percentage Interest (prior to the application of funds contemplated in this
Section 3) of any Prepayment Premium, in the case of clauses (i) and (ii), to the extent actually paid by
the Mortgage Loan Borrower;

(h)              
eighth, pro rata, to: (i) the Note A Holders, their Note A Percentage Interest (prior to the application
of funds contemplated in this Section 3) of any Extension Fees and (ii) the Note B Holder, its Note B Percentage Interest (prior
to the application of funds contemplated in this Section 3) of any Extension Fees, in the case of clauses (i) and (ii),
to the extent actually paid by the Mortgage Loan Borrower;

(i)                
ninth, pro rata, to the extent not payable to any Servicer as Additional Servicing Compensation to: (i) the
Note A Holders, their Note A Percentage Interest (prior to the application of funds contemplated in this Section 3)
of any extension fees (other than Extension Fees), assumption fees and Penalty Charges and (ii) the Note B Holder, its Note
B Percentage Interest (prior to the application of funds contemplated in this Section 3) of any extension fees (other
than Extension Fees), assumption fees and Penalty Charges, in the case of clauses (i) and (ii), to the extent actually
paid by the Mortgage Loan Borrower; and

(j)                
tenth, pro rata, to the Holders in accordance with their respective initial Percentage Interests, any
excess amount not otherwise applied pursuant to the foregoing clauses (a) through (i) of this Section 3.

4.                 
Payments Following a Triggering Event of Default. Subject to the application of Section 5, after
the occurrence of a Triggering Event of Default and for so long as such Triggering Event of Default is continuing (provided that
for purposes of determining whether a Triggering Event of Default has occurred under this Section 4, a monetary Event
of Default shall not be considered a Triggering Event of Default if such default is being cured by the Note B Holder pursuant to
and in accordance with Section 9(b) (provided that the cure period has not expired and the Note B Holder is permitted
to cure under the terms of Section 9(b)), all amounts

    26

     

    

tendered by the Mortgage Loan Borrower
or otherwise available for payment of the Mortgage Loan (including, without limitation, payments received in connection with any
guaranty or indemnity agreement), whether received in the form of Scheduled Payments, Prepayments, balloon payments, Liquidation
Proceeds, Penalty Charges, cure payments, proceeds under title, hazard or other insurance policies or awards or settlements in
respect of condemnation proceedings or similar exercise of the power of eminent domain (other than any amounts for required reserves
or escrows required by the Mortgage Loan Documents and proceeds, awards or settlements to be applied to the restoration or repair
of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the Servicing Standard or the Mortgage Loan
Documents) shall be distributed by the Master Servicer and applied in the following order of priority, subject to any deduction,
reimbursement, recovery or other payment required or permitted under this Agreement with respect to the Mortgage Loan or the Mortgaged
Property (and payments shall be made at such times as are set forth in the Servicing Agreement), in each case to the extent of
available funds:

(a)               
first, to the Note A Holders on a pro rata and pari passu basis (or a Servicer, Certificate
Administrator or Trustee, as applicable), up to the amount of any unreimbursed Costs paid by the Note A Holders (or paid or advanced
by a Servicer, Certificate Administrator or Trustee, as applicable) with respect to the Mortgage Loan pursuant to this Agreement
or the Servicing Agreement, including, without limitation, unreimbursed Note A Holder Advances and interest thereon at the applicable
Advance Rate, to the extent such Costs and Note A Holder Advances and interest thereon are then payable hereunder or under the
Servicing Agreement;

(b)              
second, to the Master Servicer, any Certificate Administrator and any Trust Advisor, if applicable, the applicable
accrued and unpaid Master Servicing Fee, Certificate Administrator Fee (including the portion that is a Trustee Fee) and the Trust
Advisor Fee, and then to any Special Servicer, any Special Servicing Fees (including without limitation any Workout Fees and Liquidation
Fees) in each case earned by it with respect to the Mortgage Loan (or, in the case of the Certificate Administrator Fee and the
Trust Advisor Fee, Note A) under this Agreement or the Servicing Agreement;

(c)               
third, to the Note A Holders on a pro rata and pari passu basis in an amount equal to (1) the
accrued and unpaid interest on the Note A Principal Balance at the Note A Net Interest Rate, minus (2)(x) the Certificate Administrator
Fee (including the Trustee Fee), and (y) the Trust Advisor Fee;

(d)              
fourth, to the Note A Holders on a pro rata and pari passu basis, in an amount equal to the
Note A Principal Balance, until such amount has been paid in full;

(e)       fifth,
in the event the Note B Holder is a Mortgage Loan Borrower Related Party, to the Note A Holders on a pro rata and pari
passu basis (i) any interest accrued at the Mortgage Loan Default Rate on the Mortgage Loan Principal Balance to the extent
such default interest amount is actually paid by the Mortgage Loan Borrower, (ii) any Prepayment Premium and (iii) any extension
fees, assumption fees and Penalty Charges actually paid by Mortgage Loan Borrower;

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(e)               
sixth, to the Note B Holder up to the amount of any unreimbursed Costs paid by the Note B Holder with respect
to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(f)               
seventh, to the Note B Holder in an amount equal to the accrued and unpaid interest on the Note B Principal
Balance at the Note B Net Interest Rate;

(g)              
eighth, to the Note B Holder in an amount equal to the Note B Principal Balance until such principal amount
has been paid in full;

(h)              
ninth, any interest accrued at the Mortgage Loan Default Rate on the Mortgage Loan Principal Balance to the
extent such default interest amount is (i) actually paid by the Mortgage Loan Borrower and (ii) in excess of interest
accrued on the Mortgage Loan Principal Balance at the Mortgage Interest Rate, first, to the Note A Holders on a pro rata
and pari passu basis (subject to the allocation of such amount pursuant to the terms of the Servicing Agreement) on the
Note A Principal Balance on such Payment Date prior to the application of funds contemplated in this Section 4 at the
excess of (A) the Note A Default Interest Rate over (B) the Note A Interest Rate and second, to the Note B Holder
on the Note B Principal Balance on such Payment Date prior to the application of funds contemplated in this Section 4
at the excess of (A) the Note B Default Interest Rate over (B) the Note B Interest Rate;

(i)                
tenth, pro rata, to: (i) the Note A Holders on a pro rata and pari passu basis, its
Note A Percentage Interest (prior to the application of funds contemplated in this Section 4) of any Prepayment Premium
and (ii) the Note B Holder, its Note B Percentage Interest (prior to the application of funds contemplated in this Section 4)
of any Prepayment Premium, the case of clauses (i) and (ii), to the extent actually paid by the Mortgage Loan Borrower;

(j)                
eleventh, pro rata, to: (i) the Note A Holders, their Note A Percentage Interest (prior to the application
of funds contemplated in this Section 4) of any Extension Fees and (ii) the Note B Holder, its Note B Percentage Interest (prior
to the application of funds contemplated in this Section 4) of any Extension Fees, in the case of clauses (i) and (ii),
to the extent actually paid by the Mortgage Loan Borrower

(k)              
twelfth, pro rata, to the extent not payable to any Servicer as Additional Servicing Compensation to:
(i) the Note A Holders, their Note A Percentage Interest (prior to the application of funds contemplated in this Section 4)
of any extension fees (other than Extension Fees), assumption fees and Penalty Charges and (ii) the Note B Holder, its Note
B Percentage Interest (prior to the application of funds contemplated in this Section 4) of any extension fees (other
than Extension Fees), assumption fees and Penalty Charges, in the case of clauses (i) and (ii), to the extent actually
paid by the Mortgage Loan Borrower; and

(l)                
thirteenth, pro rata, to the Holders in accordance with their respective initial Percentage Interests,
any excess amount not otherwise applied pursuant to the foregoing clauses (a) through (k) of this Section 4.

5.                 
Workout. Notwithstanding anything to the contrary contained herein but subject to Section 2(b) hereof,
if, after obtaining the consent of the Controlling Holder and to the extent the same is required under this Agreement, in connection
with a workout or proposed workout of

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the Mortgage Loan, the Servicer modifies
the terms thereof such that (i) the Mortgage Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate is
reduced, (iii) payments of interest or principal on Note A or Note B are waived, reduced or deferred, other than a deferral
of the balloon payment resulting solely from the extension of the Maturity Date of the Mortgage Loan pursuant to the terms of the
Servicing Agreement or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, the full adverse
economic effect of such modification, waiver or amendment of amounts due on the Mortgage Loan shall be borne, first, by
the Note B Holder (up to the Note B Principal Balance, together with accrued interest thereon at the Note B Interest Rate and any
other amounts due the Note B Holder) and second, by the Note A Holders on a pro rata and pari passu basis
(up to the Note A Principal Balance, together with accrued interest thereon at the Note A Interest Rate and any other amounts due
the Note A Holders), and all distributions pursuant to Section 3 and Section 4 hereunder shall be made
accordingly. The preceding statement shall not be construed to limit the rights or benefits of any Person under Section 19
or Section 20 of this Agreement or the provisions of the Servicing Agreement, including the Servicer’s obligation
to act in accordance with the Servicing Standard. If the Mortgaged Property becomes an REO Property, (a) the Holders shall
have beneficial ownership of such REO Property consistent with the Holders respective Percentage Interests in the Mortgage Loan
notwithstanding the manner in which title may be taken under the Servicing Agreement, (b) the Mortgage Loan shall be deemed
to remain outstanding, with the same terms and conditions as in effect immediately prior to foreclosure or the acceptance of a
deed in lieu of foreclosure, for purposes of the relative rights of the Holders between each other under this Agreement and the
Servicing Agreement and (c) all revenues from and proceeds of such REO Property shall be allocated and distributed under Section 4
of this Agreement. Notwithstanding anything to the contrary in this Agreement, in the event the Mortgaged Property is acquired
pursuant to a foreclosure or deed in lieu of foreclosure, all decisions relating to the Mortgage Loan and the Mortgaged Property
shall require the approval of the Controlling Holder pursuant to Section 20. In no event shall a purchase of Note A by the
Note B Holder be construed as a workout for purposes of the calculation of the Workout Fee, nor shall both a Liquidation Fee and
a Workout Fee be payable to one or more Servicers, whether individually or in the aggregate, with respect to the same proceeds
or collections.

6.                 
Collection Accounts; Payment Procedure. Pursuant to the terms of the Servicing Agreement, the Note A Holders
shall cause the Master Servicer to establish and maintain the Collection Account or Collection Accounts, as applicable. Each of
the Note A Holders and the Note B Holder hereby directs the Master Servicer, in accordance with the priorities set forth in Section 3
or 4 hereof, as applicable, and subject to the terms of the Servicing Agreement and this Agreement (which shall control to the
extent set forth herein in the event of any conflict between the Servicing Agreement and this Agreement), (i) to deposit into
the applicable Collection Account within two (2) Business Days of receipt all payments received with respect to the Mortgage
Loan and (ii) to remit from the applicable Collection Account for deposit or credit on each Master Servicer Remittance Date
all payments of any kind received with respect to and allocable to Note A and Note B, by wire transfer to accounts maintained by
the Note A Holders and the Note B Holder, respectively, and set forth on Exhibit C or as designated to the Master Servicer
in writing. Amounts on deposit in the Collection Account shall be applied at the times and for the purposes specified in Section 5
hereof or the Servicing Agreement. If any Servicer holding or having distributed any amount received or collected in respect of
Note A or Note B determines, or a court of competent jurisdiction orders, at any time that any amount received or

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collected in respect of Note A or Note
B must, pursuant to any insolvency, bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Mortgage Loan
Borrower or paid to the Note A Holder, the Note B Holder, any Servicer or any other Person, then, notwithstanding any other provision
of this Agreement, no Servicer shall be required to distribute any portion thereof to the Note A Holders or the Note B Holder,
as applicable, and the Note A Holder or the Note B Holder, as applicable, shall promptly on demand repay to such Servicer the portion
thereof which shall have been theretofore distributed to the Note A Holder or the Note B Holder, as applicable, together with interest
thereon at such rate, if any, as such Servicer shall have been required to pay to the Mortgage Loan Borrower, the Note A Holders,
the Note B Holder, the Servicer or such other Person with respect thereto, or, if the amount in question had been advanced by the
Servicer, then with interest thereon at the Advance Rate. Each of the Note A Holders and Note B Holder agrees that if at any time
it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof,
it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder
from the Note A Holders or the Note B Holder, as applicable, with respect to the Mortgage Loan against any future payments due
to the Note A Holders or the Note B Holder, as applicable, under the Mortgage Loan, provided, that the obligations of the Note
A Holders and Note B Holder under this Section 6 are separate and distinct obligations from one another and in no event
shall any Servicer enforce the obligations of the Note A Holders or the Note B Holder against the other Holder. The obligations
of the Note A Holders and the Note B Holder under this Section 6 constitute absolute, unconditional and continuing
obligations and each Servicer shall be deemed a third party beneficiary of these provisions.

7.                 
Advances.

(a)               
From time to time the Master Servicer (or the Trustee or the Special Servicer, to the extent provided in the Lead
Securitization Servicing Agreement) shall (i) make Servicing Advances with respect to the Mortgage Loan, subject to the terms of
the Lead Securitization Servicing Agreement and this Agreement, and (ii) 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 Collection 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 funds on deposit in the Collection Account are insufficient
and after allocation of such amounts first to the Note B Holder, from general collections of each Non-Lead Securitization, in respect
of the related Non-Lead Note’s pro rata share of such nonrecoverable amounts allocated to Note A. The Master Servicer, the
Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement for Advance Interest on a Servicing Advance
(including any Nonrecoverable Advance), pursuant to Section 3. Notwithstanding the foregoing, to the extent funds are not
available pursuant to Section 3, and 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 Advance or any Advance Interest on
a Servicing Advance (including any Nonrecoverable Advance), each Non-Lead Note Holder (including any Securitization Trust into
which a Non-Lead Note is deposited) other than the Note B Holder shall be required to, promptly

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following notice from the Master Servicer,
reimburse the Lead Securitization for its pro rata share of such Nonrecoverable Advance or Advance Interest.

In addition, each
Non-Lead Note Holder (including, but not limited to, any Non-Lead Securitization trust into which such Non-Lead Note is deposited)
other than the Note B Holders, shall be required to, promptly following notice from the Master Servicer, the Special Servicer or
the Trustee, pay or reimburse the Lead Securitization for such Non-Lead Note Holder’s pro rata share of the portion allocated
to Note A 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 Depositor or CREFC® , as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement and any costs, fees and expenses related to
obtaining any Rating Agency Confirmation, to the extent amounts on deposit in the Collection Account are insufficient for reimbursement
of such amounts and after allocation of such amounts first to Note B. In addition to the reimbursement obligations with respect
to Advances (and Advance Interest) otherwise provided for in this Agreement, each Non-Lead Note Holder agrees to indemnify (as
and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties pursuant to the terms
of the Lead Securitization Servicing Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator,
the Trustee and the Depositor (and any director, officer, employee or agent of any of the foregoing, to the extent such parties
are identified as indemnified parties in the Lead Securitization Servicing Agreement) (the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property
under the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its
pro rata share of the portion allocated to the Note A of such Indemnified Items, and to the extent amounts on deposit in the Collection
Account are insufficient for reimbursement of such amounts and after allocation of such amounts first to Note B, the related Non-Lead
Note Holder shall be required to, promptly following notice from the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee, reimburse each of the applicable Indemnified Parties for such pro rata share (including, if a Non-Lead Note has
been included in a Non-Lead Securitization, from general collections or any other amounts from the related Non-Lead Securitization
trust).

(b)              
The master servicer or the trustee under the Securitization of any Non-Lead Note (each, a “Non-Lead Master
Servicer”) may be required to make P&I Advances on such Non-Lead Note, from time to time, subject to the terms of
the servicing agreement for the related Securitization (each such agreement, a “Non-Lead Securitization Servicing Agreement”).
The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Lead Securitization Note based on the information that they have on hand and
in accordance with the Lead Securitization Servicing Agreement. The Non-Lead Master Servicer and the special servicer and the trustee
under any Non-Lead Securitization Servicing Agreement (respectively, a “Non-Lead Special Servicer” and a “Non-Lead
Trustee”), as applicable, shall be entitled to make their own recoverability determination with respect to a P&I
Advance to be made on the related Non-Lead Note based on the information that they have on hand and in accordance with such Non-Lead
Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and any Non-Lead Master Servicer and any
Non-Lead Trustee, as applicable, shall be

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required to notify the other Holders
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 a Non-Lead Master Servicer, a Non-Lead Special
Servicer or a Non-Lead Trustee, as applicable (with respect to a Non-Controlling Note), determines that a proposed P&I Advance,
if made, would be a Nonrecoverable Advance or an outstanding P&I Advance is or would be a Nonrecoverable Advance, or if the
Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance
would be a Nonrecoverable Advance or an outstanding Servicing Advance is or would be a Nonrecoverable Advance, 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 such Non-Lead Master Servicer or such Non-Lead Trustee (as provided
in the related 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 such
Non-Lead Master Servicer and such Non-Lead Trustee, as the case may be, within two (2) Business Days of making such determination.

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

(c)               
Notwithstanding any other provisions contained herein or in the Servicing Agreement to the contrary, the Note B Holder
shall not be required to reimburse the Note A Holders or any other Person for a payment of any REMIC or grantor trust taxes or
Advances therefor or interest accrued thereon at the Advance Rate or for deficits in other items of disbursement or income resulting
from the use of funds for payment of REMIC or grantor trust taxes (other than such Note B Holder’s pro rata share
(based on its Note B Percentage Interest) of taxes imposed in connection with the grantor trust created pursuant to this Agreement)),
nor shall any disbursement or payment otherwise distributable to the Note B Holder be reduced to offset or make up any such payment
or deficit or any fees payable to any Trustee or Certificate Administrator under the Servicing Agreement.

8.                 
Limitation on Liability. Subject to Section 20(e) hereof and the terms of the Servicing Agreement,
the Note A Holders, or any Servicer or Trustee on its behalf, shall have no liability to the Note B Holder with respect to Note
B, except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of this Agreement
or the Servicing Agreement on the part of the Note A Holders, or such Servicer or Trustee, as applicable (provided that nothing
herein shall be deemed to contravene any provisions relating to liability of any Servicer under the Servicing Agreement). The Note
A Holders shall have no fiduciary responsibilities to the Note B Holder. Subject to Section 20(e) hereof, the Note
B Holder, or any Servicer or Trustee on its behalf, if applicable, shall have no liability to the Note A Holders with respect to
Note A, except with respect to losses actually suffered due to the gross negligence, willful misconduct or breach of this Agreement
on the part of the Note B Holder, or such Servicer or any Trustee, as applicable (provided that nothing herein shall be deemed
to contravene any provisions relating to liability of any Servicer under the Servicing Agreement).

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The Note B Holder shall not have any
fiduciary responsibilities to the Note A Holders. Note A Holders acknowledge that, subject to the terms and conditions hereof,
the Note B Holder may exercise, or omit to exercise, any rights that the Note B Holder may have under this Agreement in a manner
that may be adverse to the interests of the Note A Holders and that the Note B Holder shall have no liability whatsoever to the
Note A Holders in connection with the Note B Holder’s exercise of rights or any omission by the Note B Holder to exercise
such rights; provided, however, that the Note B Holder shall not be protected against any liability to the Note A
Holders that would otherwise be imposed by reason of Note B Holder’s breach of this Agreement.

9.                 
Purchase of Note A; Cure by Note B Holder.

(a)               
If the Mortgage Loan becomes and remains a Defaulted Mortgage Loan, upon written notice from the Note A Holders (a
“Purchase Option Notice”) of such occurrence (which notice the Note A Holders shall direct the Master Servicer
to give to the Note B Holder) within five (5) Business Days, or Note B Holder otherwise having knowledge that the Mortgage Loan
is a Defaulted Mortgage Loan, the Note B Holder shall have the right, subject to the last sentence of this Section 9(a),
prior to any other party, by written notice to the Note A Holders (a “Note B Holder Purchase Notice”), given
prior to the Purchase Right Cut-Off Date to purchase Note A at the Defaulted Mortgage Loan Purchase Price and, upon the delivery
of the Note B Holder Purchase Notice to the Note A Holders, the Note A Holders shall sell (and the Note B Holder shall purchase)
Note A (without recourse or warranty, except that the Note A Holders shall represent and warrant that they own 100% of the economic
and beneficial interests in Note A free and clear of liens, encumbrances and any participations therein) at the Defaulted Mortgage
Loan Purchase Price on a date not less than five (5) Business Days nor more than twenty (20) Business Days after the
date of the Note B Holder Purchase Notice on a date mutually designated by the Note Holders (except that such period shall be extended
for an additional thirty (30) days if the Note B Holder delivers a cash deposit in an amount equal to ten percent (10%) of the
Defaulted Mortgage Loan Purchase Price within such twenty (20) Business Day period). The Note B Holder shall also pay all out-of-pocket
costs and expenses of the Note A Holders (and the Servicer or any Trustee on its behalf) in connection with such purchase. The
Defaulted Mortgage Loan Purchase Price shall be calculated by Note A Holders or the Master Servicer three (3) Business Days
prior to the date upon which the Note B Holder is to purchase the Defaulted Mortgage Loan (and such calculation shall be accompanied
by reasonably detailed back-up documentation explaining how such price was determined) and shall, absent manifest error, be binding
upon the Note A Holders and the Note B Holder. The right of the Note B Holder to exercise the purchase option hereunder shall automatically
terminate upon the Purchase Right Cut-Off Date, subject to the possibility that such right will be reinstated after the occurrence
of the events described in clauses (1) or (3) in the definition of “Purchase Right Cut-Off Date”
if another event which causes the Mortgage Loan to become a Defaulted Mortgage Loan subsequently occurs. Upon the consummation
of a sale pursuant to the purchase option contemplated by this Section 9(a), the Note A Holders (or any Servicer or
Trustee on its behalf) shall deliver all original Mortgage Loan Documents and other applicable materials in its possession to the
Note B Holder. The foregoing rights of the Note B Holder shall be in addition to any rights it may have to purchase Note A pursuant
to the Servicing Agreement (if any).

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Each Non-Lead Note
Holder other than the Note B Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization
Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of consummating the sale
of the related Non-Lead Note to the Note B Holder as described in this Section 9(a). Each Non-Lead Note Holder further agrees
that, upon the request of the Lead Securitization Note Holder, such Non-Lead Note Holder other than the Note B Holder shall execute
and deliver to or at the direction of the Lead Securitization Note Holder such powers of attorney or other instruments as the Lead
Securitization Note Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case
promptly following request, and shall deliver the original related Non-Lead Note, endorsed in blank, to or at the direction of
the Lead Securitization Note Holder in connection with the consummation of any such sale.

(b)              
Provided the Note B Holder is not a Mortgage Loan Borrower Related Party, the Note B Holder shall have the right
(but not the obligation) to cure a monetary Event of Default or a non-monetary Event of Default; provided, that if the Note
B Holder elects to cure any Event of Default, the default must be cured, in the case of a monetary Event of Default, within five
(5) Business Days following the later of the expiration of the applicable grace period and receipt by the Note B Holder of
the first notice of such Event of Default, and in the case of a non-monetary Event of Default, subject to the immediately succeeding
sentence, within thirty (30) days following the later of the expiration of the applicable grace period and receipt by the
Note B Holder of the first notice of such Event of Default (each such cure right, the “Note B Holder Cure Right”
and the exercise of such right, a “Note B Holder Cure Event”), provided, that the Note B Holder’s
right to cure such Event of Default shall be limited as follows: (i) there shall not be more than six (6) Note B Holder
Cure Events during the term of the Mortgage Loan (including any extensions thereof) and (ii) there shall not be more than
four (4) consecutive Note B Holder Cure Events. If the Note B Holder is attempting to cure a nonmonetary Event of Default,
the foregoing cure period of thirty (30) days shall automatically be extended for an additional ninety (90) days (for
a total of up to one-hundred twenty (120) days), but only for so long as (i) such Holder is diligently and expeditiously
proceeding to cure such nonmonetary Event of Default, (ii) such Holder makes all cure payments that it is permitted to make
in accordance with this Section, (iii) such nonmonetary Event of Default is not the result of a bankruptcy of the Mortgage
Loan Borrower or other insolvency related event, and no bankruptcy commences or other insolvency related event occurs during the
period that such Holder is otherwise permitted to cure a nonmonetary Event of Default in accordance with this Section and (iv) there
is no material adverse effect on the Mortgage Loan Borrower, the Mortgaged Property or the value of the Mortgage Loan as a result
of such nonmonetary default or the attempted cure thereof which cannot be cured by the Note B Holder within three (3) days of such
notice of such material adverse effect. For purposes of the foregoing, an individual Note B Holder Cure Event shall, in the event
of a delinquent Scheduled Payment, terminate on the date that such payment is made. If the Note B Holder elects to exercise a Note
B Holder Cure Right, it shall make the applicable cure payment as directed by the Note A Holders (or the Servicer on their behalf),
and each such cure payment shall include all actual out-of-pocket Costs, expenses, losses, liabilities, obligations, damages, penalties,
and disbursements imposed on, incurred by or asserted against the Note A Holders (including, without limitation, all unreimbursed
Advances (without regard to whether such Advance would be a nonrecoverable advance) and any interest charged thereon at the Advance
Rate, and any unpaid Special Servicing Fees with respect to the Mortgage Loan)

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related to the Event of Default and
incurred during the period of time from such Event of Default until such cure payment is made. The right of the Note B Holder to
reimbursement of any cure payment shall be as set forth in Section 3 and Section 4, as applicable. So long
as a default exists that is being cured by the Note B Holder pursuant to and in accordance with this Section 9(b) and
the cure period has not expired and the Note B Holder is permitted to cure under the terms of this Section 9(b), the
Note A Holders, the Servicer and any Trustee shall not treat such default as a default or a Triggering Event of Default for purposes
of (i) accelerating the Mortgage Loan, (ii) modifying, amending or waiving any provisions of the Mortgage Loan Documents,
(iii) 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, (iv) treating the Mortgage Loan as a Specially Serviced Mortgage Loan
or (v) Section 3 or Section 4 hereof; provided, that such limitations shall not prevent the
Note A Holders, the Servicer or any Trustee from sending notices of the default to the Mortgage Loan Borrower or any related guarantor
or making demands on the related Mortgage Loan Borrower or any related guarantor or from collecting default interest or late payment
charges from the Mortgage Loan Borrower. Additional Cure Events shall only be permitted with the consent of the Note A Holders
and the Note B Holder.

10.             
Additional Understanding. For as long as the Mortgage Loan remains outstanding:

(a)               
Financial Statements Etc. Promptly upon receipt thereof, the Note A Holders (or any Servicer acting on their
behalf) shall provide the Note B Holder with copies of each financial statement and any other reports or notices delivered to the
Note A Holders (or any Servicer acting on their behalf) pursuant to the terms of the Mortgage Loan Documents. Subject to the terms
of the Mortgage Loan Documents, promptly upon receipt thereof so long as such Note B Holder is not a Mortgage Loan Borrower Related
Party, the Note A Holders (or any Servicer acting on their behalf) shall also deliver to the Note B Holder (other than a Holder
that is a Mortgage Loan Borrower Related Party) copies of any other documents relating to the Mortgage Loan (to the extent in the
Note A Holders’ or any Servicer’s possession), including, without limitation, property inspection reports and loan
servicing statements.

(b)              
Reports; Consultation Rights. 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 (for this purpose,
without regard to whether such items are actually required to be provided to the Lead Securitization Subordinate Class Representative
under the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination
Event or effectively equivalent period) 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-Lead Note Holder (or its representative), within the same
time frame it is required to provide to the Lead Securitization Note Holder Representative (for this purpose, without regard to
whether such items are actually required to be provided to the Lead Securitization Subordinate Class Representative under the Lead
Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation Termination Event or
effectively equivalent period, but subject to any limitations in the Lead Securitization

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Servicing Agreement regarding providing
such information to the Mortgage Loan Borrower or those who have certain relationships with the Mortgage Loan Borrower) and (ii)
to consult with each Non-Controlling Holder (or its representative) on a strictly non-binding basis, to the extent having received
such notices, information and reports, such Non-Controlling Holder (or its 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 each Non-Controlling Holder (or its representative); provided that after
the expiration of a period of ten (10) Business Days from the delivery to each Non-Controlling Holder (or its representative) by
the Lead Securitization Note Holder of written notice of a proposed action, together with copies of the notice, information and
report required to be provided to the 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
Holder (or its representative), whether or not such Non-Controlling Holder (or its 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 Holder (or its representative) set forth in the immediately
preceding sentence, the Lead Securitization Note Holder (or Servicer or Special Servicer, acting on its behalf) may make any Major
Decision or take any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business
Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer, as applicable) determines that immediate
action with respect thereto is necessary to protect the interests of the 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 each Non-Controlling Holder (or its representative).

In addition, each
Non-Lead Note Holder shall have the right to attend annual meetings (either telephonically or in person, in 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.

(c)               
Copies. Any copies of financial statements, reports or statements to be furnished by a Servicer under this
Agreement may be furnished by hard copy or electronic means.

11.             
Representations of the Note A Holders. The Note A Holders, as of the date hereof, hereby represents and warrants
to the Note B Holder that:

(a)               
The Note A Holders are duly organized, validly existing and in good standing as a legal entity under the laws of
its jurisdiction of organization;

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

(c)               
The Note A Holders have the full power and authority to enter into and consummate all transactions contemplated by
this Agreement, has duly authorized the execution, delivery and performance of this Agreement and has duly executed and delivered
this Agreement;

(d)              
This Agreement is the Note A Holders’ legal, valid and binding obligation, enforceable against the Note A Holders
in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, liquidation,
receivership, moratorium or other laws relating to or affecting the enforcement of creditors’ rights or by general principles
of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); and

(e)               
The Note A Holders have the right to enter into this Agreement without the consent of any third party.

12.             
Representations of the Note B Holder. As of the date hereof, the Note B Holder hereby represents and warrants
to Note A Holders that:

(a)               
The Note B Holder is duly organized, validly existing and in good standing as a legal entity under the laws of its
jurisdiction of organization;

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

(c)               
The Note B Holder has the full power and authority to enter into and consummate all transactions contemplated by
this Agreement, has duly authorized the execution, delivery and performance of this Agreement and has duly executed and delivered
this Agreement;

(d)              
This Agreement is the Note B Holder’s legal, valid and binding obligation, enforceable against the Note B Holder
in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, liquidation,
receivership, moratorium or other laws relating to or affecting the enforcement of creditors’ rights or by general principles
of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law);

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(e)               
The Note B Holder has the right to enter into this Agreement without the consent of any third party; and

(f)               
The Note B Holder is a Qualified Institutional Lender.

13.             
Independent Analyses of the Note B Holder. The Note B Holder acknowledges that the Note B Holder has, independently
and without reliance upon the Note A Holders except with respect to the representations and warranties provided by the Note A Holders
herein and in any documents or instruments executed and delivered by the Note A Holders in connection herewith, and based on such
documents and information as the Note B Holder has deemed appropriate, made the Note B Holder’s own credit analysis with
respect to Note B. The Note B Holder hereby acknowledges that other than the representations and warranties provided herein and
in such other documents or instruments, the Note A Holders have not made any representations or warranties with respect to the
Mortgage Loan and that the Note A Holders shall have no responsibility for (i) the collectability of the Mortgage Loan, (ii) the
validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any
survey furnished or to be furnished in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency
or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the
Mortgage Loan Borrower. The Note B Holder assumes all risk of loss in connection with Note B for reasons other than (x) gross
negligence, willful misconduct breach of this Agreement by a Note A Holder and (y) gross negligence, willful misconduct or
bad faith or breach of the Servicing Agreement by any Servicer or Trustee.

14.             
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 Note A Holders (or the Master Servicer, any Special Servicer, any Certificate
Administrator, an Trust Advisor or any Trustee on their behalf, if applicable) and the Note B Holder as a partnership, association,
joint venture or other entity. Except as set forth in Section 9(a) hereof, neither the Note A Holders (or the Master Servicer,
any Special Servicer, any Certificate Administrator, any Trust Advisor or any Trustee on their behalf, if applicable) nor the Note
B Holder shall have any obligation whatsoever to offer to the other party the opportunity to purchase notes or interests relating
to any future loans originated either party or their respective Affiliates, and if either party chooses to offer to the other party
the opportunity to purchase notes or interests in any future mortgage loans originated by it or its Affiliates, such offer shall
be at such purchase price and interest rate as the applicable party chooses in its sole and absolute discretion. The Note B Holder
shall have no obligation whatsoever to purchase from the Note A Holders any notes or interests in any future loans originated by
the Note A Holders or any of its Affiliates.

15.             
Not a Security. Neither Note A nor Note B shall be deemed to be a security within the meaning of the Securities
Act of 1933 or the Securities Exchange Act of 1934.

16.             
Transfer of Notes.

(a)       The
Note B Holder may Transfer 49% or less in the aggregate (in one or more transactions) of its beneficial interest in Note B, whether
or not the related transferee is a Qualified Institutional Lender without a Rating Agency Confirmation or the consent or approval

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of the Servicer or any other Person,
provided that any such Transfer shall be made in accordance with the conditions set forth in the second succeeding sentence of
this Section 16(a). The Note B Holder shall not Transfer more than 49% (in one or more transactions) of its beneficial
interest in Note B unless (i) if applicable, a Rating Agency Confirmation has been obtained with respect to such Transfer
(and the Note B Holder shall have paid all reasonable out-of-pocket costs and expenses of the Note A Holders in connection with
obtaining any such Rating Agency Confirmation), or (ii) such Transfer is to a Qualified Institutional Lender, provided any
such Transfer made pursuant to clauses (i) or (ii) of this sentence shall be made in accordance with the conditions
in the next sentence of this Section 16(a). The Note B Holder agrees that each Transfer to be made by it under clauses (i) or
(ii) of this Section 16 is subject to the following conditions: (a) all such Transfers shall be made
upon at least three (3) Business Days’ prior written notice to each Note A Holder and each Note A Controlling Holder,
(b) a transferee of any interest in Note B shall (x) execute an assignment and assumption agreement whereby such transferee
assumes all or a ratable portion, as the case may be, of the obligations of the Note B Holder hereunder with respect to Note B
from and after the date of such assignment (or, in the case of a pledge, collateral assignment or other encumbrance by the Note
B Holder of Note B solely as security for a loan to the Note B Holder, made by a third-party lender whereby the Note B Holder remains
fully liable under this Agreement, 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 the Note B Holder hereunder on and after the date on which such lender succeeds
to the rights of the Note B Holder hereunder by foreclosure or otherwise) and (y) agree in writing to be bound by the Servicing
Agreement, and (c) the proposed transferee remakes each of the representations and warranties contained herein for the benefit
of the Note A Holders (other than the representation that the transferee is a Qualified Institutional Lender for transfers made
pursuant to clause (i) of the second sentence of this Section 16(a)). Notwithstanding anything to
the contrary contained herein, the Note B Holder shall in no event Transfer all or any portion of Note B to a Mortgage Loan Borrower
Related Party unless each Note A Controlling Holder has consented to such Transfer, and, if such non-transferring Holder’s
Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor
to rate the securities issued in connection with such Securitization, and any such Transfer for which such prior consent and Rating
Agency Confirmation has not been obtained shall be void ab initio. Upon the consummation of a Transfer of all or any
portion of Note B, the transferring Person shall be released from all liability arising under this Agreement with respect to Note
B (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 Note B as described in clause (b) below). The provisions of this Section 16(a)
shall be subject to the provisions of Section 2(d).

(b)       Subject
to the provisions of Section 2(d), in the case of any sale, assignment, transfer or other disposition of a participation
interest in Note B, (i) the Note B Holder’s obligations under this Agreement shall remain unchanged, (ii) the Note
B Holder shall remain solely responsible for the performance of such obligations, and (iii) the Note A Holders and any Persons
acting on its behalf shall continue to deal solely and directly with the Note B Holder in connection with its rights and obligations
under this Agreement and any Securitization Servicing Agreement, and all amounts payable hereunder shall be determined as if the
Note B Holder had not sold such participation interest in Note B; provided, however, that if the applicable

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participant is a Qualified Institutional
Lender (and delivers to the Note A Holders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), then, the Note B Holder by written notice to the Note A Holders, may delegate to such participant the Note B Holder’s
right (if any) to, exercise the rights of the Controlling Holder hereunder and under any Securitization Servicing Agreement. Notwithstanding
anything to the contrary contained herein, the Note B Holder shall in no event Transfer all or any portion of Note B to a Mortgage
Loan Borrower Related Party unless each Note A Controlling Holder has consented to such Transfer, and, if such non-transferring
Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged
by the Depositor to rate the securities issued in connection with such Securitization, and any such Transfer for which such prior
consent and Rating Agency Confirmation has not been obtained shall be void ab initio.

(c)       Subject
to the provisions of Section 2(d), the Note A Holders may (subject to the limitations contained herein), from time
to time, in their sole discretion, Transfer its Note A, or any interest therein, to a Qualified Transferee, and notwithstanding
any such Transfer or subsequent Transfer, any such Note A shall be and remain a senior obligation in the respects set forth in
this Agreement to Note B in accordance with the terms and provisions of this Agreement. If a Note A Holder intends to transfer
its respective Note, or any portion thereof, to an entity that is not a Qualified Transferee, it must first obtain consent of each
non-transferring Note Holder and, if any such non-transferring Holder’s Note is held in a Securitization, a confirmation
in writing from each Rating Agency that such transfer will not result in a qualification, downgrade or withdrawal of its then current
rating of the securities issued pursuant to the related Securitization. Notwithstanding the foregoing, the Note A Holders shall
in no event Transfer all or any portion of Note A to a Mortgage Loan Borrower Related Party unless the Note B Holder has consented
to such Transfer or each of the following is true: (1) Note A is contained in a rated Securitization, (2) an Event of Default is
continuing, and (3) such Transfer would not result in a Mortgage Loan Borrower Related Party being the Controlling Holder. Any
such Transfer for which such prior consent has not been obtained shall be void ab initio.

17.             
Pledge of Note B. Notwithstanding anything to the contrary contained herein, but subject to the provisions
of Section 2(d), the Note B Holder may pledge, transfer, collaterally assign or otherwise encumber (a “Pledge”)
Note B or any interest therein to any entity (other than any Mortgage Loan Borrower Related Party) which has extended a credit
facility to such Note B Holder and that is (i) a Qualified Institutional Lender (which, for purposes of this Section 17, may
include providers of repurchase facilities and warehouse financing to commercial real estate lenders, provided that such providers
satisfy clause (i) of the definition of Eligibility Requirements), (ii) intentionally omitted, or (iii) a Qualified Conduit
Lender (each such entity, a “Pledgee”), on terms and conditions set forth in this Section 17, it
being further agreed that a financing provided by a Pledgee to the Note B Holder or any person which Controls such Note B Holder
that is secured by such Note B Holder’s interest in Note B and is structured as a repurchase arrangement, shall qualify as
a “Pledge” hereunder. Upon written notice by the Note B Holder to the Note A Holders and the Master Servicer that a
Pledge has been effected (including the name and address of the applicable Pledgee), the Master Servicer on behalf of the Note
A Holders agrees to acknowledge receipt of such notice and thereafter agrees: (i) to give the Pledgee written notice of any
default by the pledging Note B Holder in respect of its obligations under this Agreement of which default the Master Servicer has
actual knowledge and

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which notice shall be given simultaneously
with the giving of such notice to the Note B Holder; (ii) to allow such Pledgee a period of ten (10) days to cure a default
by the pledging Note B Holder in respect of its obligations to the Note A Holders hereunder, but such Pledgee shall not be obligated
to cure any such default; (iii) that no amendment, modification, waiver or termination of this Agreement or any applicable
Securitization Servicing Agreement, if the Note B Holder had the right to consent to such amendment, modification, waiver or termination
pursuant to the terms hereof or any applicable Securitization Servicing Agreement, as applicable, shall be effective against such
Pledgee without the written consent of such Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and
which consent shall be deemed to be given if Pledgee shall fail to respond to any request for consent to any such amendment, modification,
waiver or termination within ten (10) days after request therefor; (iv) that the Master Servicer on behalf of the Note
A Holders shall give to such Pledgee copies of any notice of default under the Mortgage Loan simultaneously with the giving of
same to the pledging Note B Holder and accept any cure thereof by such Pledgee which such pledging Note B Holder has the right
(but not the obligation) to effect hereunder, as if such cure were made by such pledging Note B Holder; (v) that the Master
Servicer on behalf of the Note A Holders shall deliver to Pledgee such estoppel certificate(s) as Pledgee shall reasonably request,
provided that any such certificate(s) shall be in a form reasonably satisfactory to the Note A Holders or the Master Servicer
acting on its behalf; and (vi) that, upon written notice (a “Redirection Notice”) to the Note A Holders
and the Master Servicer by such Pledgee that the pledging Note B Holder is in default, beyond any applicable cure periods with
respect to the pledging Note B Holder’s obligations to such Pledgee pursuant to the applicable credit agreement or repurchase
agreement, as applicable, between the pledging Note B Holder and such Pledgee (which notice need not be joined in or confirmed
by the pledging Note B Holder), and until such Redirection Notice is withdrawn or rescinded by such Pledgee, Pledgee shall be entitled
to receive any payments that any Servicer would otherwise be obligated to pay to the pledging Note B Holder from time to time pursuant
to this Agreement or the Servicing Agreement. Any pledging Note B Holder hereby unconditionally and absolutely releases the Note
A Holders and the Master Servicer from any liability to the pledging Note B Holder on account of the Master Servicer’s or
Note A Holders’ compliance with any Redirection Notice believed by the Master Servicer or the Note A Holders, as applicable,
to have been delivered by a Pledgee. Pledgee shall be permitted to exercise fully its rights and remedies against the pledging
Note B Holder to such Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable
law and this Agreement; provided that a Pledgee which is not a Qualified Institutional Lender may not take title to Note
B after a Securitization and for so long as Note A (or any portion thereof) is included in a Securitization unless it has received
a Rating Agency Confirmation and no Pledgee may take title to Note B without satisfying the requirements for transfer set forth
in Section 16 and this Section 17. In such event, the Master Servicer on behalf of the Note A Holders shall
recognize such Pledgee (and any transferee (other than any Mortgage Loan Borrower Related Party) which is also a Qualified Institutional
Lender at any foreclosure or similar sale held by such Pledgee or any transfer in lieu of foreclosure), and its successors and
assigns that are Qualified Institutional Lenders as the successor to the pledging Note B Holder’s rights, remedies and obligations
under this Agreement, and any such Pledgee or Qualified Institutional Lender shall assume in writing the obligations of the pledging
Note B Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Pledgee) and
agree to be bound by the terms and provisions of this Agreement. The rights of a

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Pledgee under this Section 17
shall remain effective as to the Note A Holders (and the Master Servicer) unless and until such Pledgee shall have notified such
Note A Holders (and the Master Servicer, as applicable) in writing that its interest in the pledged Note B has terminated.

18.             
Other Business Activities of the Note A Holders and Note B Holder. The Note B Holder acknowledges that the
Note A Holders may make loans or otherwise extend credit to, and generally engage in any kind of business with, any 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. The Note A Holders acknowledge that the Note B Holder may make loans or otherwise extend
credit to, and generally engage in any kind of business with, Mortgage Loan Borrower Related Parties, 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.

19.             
Exercise of Remedies by the Servicer.

(a)               
Subject to Section 20 of this Agreement, and except as otherwise provided in this Agreement or the Servicing
Agreement and subject to the applicable limitations set forth in this Agreement or the Servicing Agreement, the Servicer (or other
party entitled in accordance with the Servicing Agreement to act on behalf of the Holders) shall have the sole and exclusive authority
with respect to the administration of, and exercise of all rights and remedies with respect to, the Mortgage Loan granted under
this Agreement or the Servicing Agreement, including, without limitation, the sole and exclusive authority to (i) modify or
waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or failure to act by any Mortgage Loan Borrower
or any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage Loan in any bankruptcy, insolvency
or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’ interests with respect
to the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right
at any time to declare or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute
any foreclosure action, and subject to the terms and conditions of this Agreement, including, without limitation, Section 20
hereof, the Note B Holder shall have no voting, consent or other rights whatsoever with respect to the Servicer’s administration
of, or exercise of its rights and remedies with respect to, the Mortgage Loan on behalf of the Note A Holders. Subject to the terms
and conditions of the Servicing Agreement, and subject to the terms and conditions of Section 9(b) hereof, so long
as Note A is an asset of a Securitization, the Servicer and the Trustee shall have the sole and exclusive authority to make servicing
advances with respect to the Mortgage Loan. Except as otherwise provided in this Agreement, the Note B Holder agrees that it shall
have no right to, and hereby presently and irrevocably assigns and conveys to the Servicer (or other party entitled in accordance
with the Servicing Agreement to act on behalf of the Holders), the rights, if any, that the Note B Holder has (A) to declare
or cause the Note A Holders or such Servicer to declare an Event of Default under the Mortgage Loan, (B) to exercise any remedies
with respect to the Mortgage Loan or any Mortgage Loan Borrower, including, without limitation, filing or causing the Note A Holders
or such Servicer to file any bankruptcy petition against any Mortgage Loan Borrower or (C) to vote any claims with respect
to the Mortgage Loan in bankruptcy, insolvency

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or similar type of proceeding of the
Mortgage Loan Borrower. The Note B Holder (or a servicer on its behalf) shall, from time to time, execute such documents as the
Note A Holders or the Servicer shall reasonably request to evidence such assignment with respect to the rights described in clause (iii)
of the first sentence in this Section 19(a). The Note B Holder acknowledges that the Servicer on behalf of the Note
A Holders may in its sole discretion exercise, or omit to exercise, any rights that the Servicer on behalf of the Note A Holders
may have under this Agreement or the Servicing Agreement in a manner that may be adverse to the interests of the Note B Holder,
and that the Servicer on behalf of the Note A Holders shall have no liability whatsoever to the Note B Holder (or a servicer on
its behalf), other than as set forth in Section 8 hereof, in connection with exercise of rights by the Servicer on
behalf of the Note A Holders or any omission by the Servicer on behalf of the Note A Holders to exercise such rights. The Note
A Holders (or the Servicer acting on behalf of the Note A Holders) shall not have any fiduciary duty to the Note B Holder in connection
with the administration of the Mortgage Loan. The foregoing provisions of this Section 19(a) shall not limit the right
of the Note B Holder or an Affiliate thereof to be the Special Servicer or to exercise its rights as Controlling Holder under this
Agreement or Controlling Holder under the Servicing Agreement. The Note B Holder expressly and irrevocably waives for itself and
any Person claiming through or under the Note B Holder any and all rights that it may have under Section 1315 of the New York
Real Property Actions and Proceedings Law or the provisions of any similar law that purports to give a junior noteholder, mortgagee
or loan participant the right to initiate any loan enforcement or foreclosure proceedings.

(b)              
Notwithstanding anything to the contrary contained herein, the exercise by the Note A Holders (or the Servicer or
any Trustee on their behalf) of its rights under this Section 19 shall be subject in all respects to any section of
any applicable Servicing Agreement governing REMIC administration, and in no event shall the Note A Holders (or the Servicer or
any Trustee on their behalf) be permitted to take any action or refrain from taking any action which would violate the laws of
any applicable jurisdiction, breach the Mortgage Loan Documents or be inconsistent with the Servicing Standard or violate any other
provisions of the Servicing Agreement, or this Agreement or cause the arrangement evidenced hereby not to be treated as a “grantor
trust” for federal income tax purposes.

(c)               
The Note A Holders (or the Servicer or any Trustee on their behalf) shall exercise such rights and powers described
in this Section 19 on the understanding that the Note A Holders (or the Servicer or any Trustee on their behalf) shall
administer the Mortgage Loan in a manner consistent with the Servicing Agreement and this Agreement. Without limiting the generality
of the foregoing, the Note A Holders (or the Servicer or any Trustee on their behalf) may rely on the advice of legal counsel,
accountants and other experts (including those retained by the Mortgage Loan Borrower) and upon any written communication or telephone
conversation which the Note A Holders or such Servicer or Trustee believes to be genuine and correct or to have been signed, sent
or made by the proper Person.

(d)              
Upon the Mortgage Loan becoming a Defaulted Mortgage Loan, each Non-Lead Note Holder hereby acknowledges the right
and obligation of the Special Servicer acting on behalf of the Lead Securitization Note Holder in accordance with the terms of
the Lead Securitization Servicing Agreement and the Servicing Standard to sell each Non-Lead Note together with the Lead Securitization
Note as notes evidencing one whole loan in accordance

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with the terms of the Lead Securitization
Servicing Agreement. In connection with any such sale, the Special Servicer shall be required to sell each Non-Lead Note together
with the Lead Securitization Note in the manner set forth in the Lead Securitization Servicing Agreement. Notwithstanding the foregoing,
the Special Servicer shall not be permitted to sell the Mortgage Loan if it becomes a Defaulted Mortgage Loan without the written
consent of each Non-Lead Note Holder (provided that such consent is not required if such Non-Lead Note Holder is held by a Borrower
Party) unless the Special Servicer has complied with Section 9(a) hereof and has delivered to such Non-Lead 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 such 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 any 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; provided, that such Non-Lead
Note Holder may waive any of the delivery or timing requirements set forth in this sentence for itself. Subject to the terms of
the Lead Securitization Servicing Agreement, each of the Controlling Holder, the Subordinate Class Representative and each Non-Controlling
Note Holder (and its representative) shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person
is a Mortgage Loan Borrower Related Party.

Each Non-Lead Note
Holder hereby appoints the Lead Securitization Note Holder acting through the Special Servicer as its agent, and grants to the
Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting
and accepting offers for and consummating the sale of the related Non-Lead Note in accordance with the foregoing. Each Non-Lead
Note Holder further agrees that, upon the request of the Special Servicer acting on behalf of the Lead Securitization Note Holder,
such Non-Lead Note Holder shall execute and deliver to or at the direction of the Lead Securitization Note Holder such powers of
attorney or other instruments as the Lead Securitization Note Holder may reasonably request to better assure and evidence the foregoing
appointment and grant, in each case promptly following request, and shall deliver the original related Non-Lead Note, endorsed
in blank, to or at the direction of the Lead Securitization Note Holder in connection with the consummation of any such sale (subject
at all times to the rights of such Holder set forth herein and in the Lead Securitization Servicing Agreement).

The authority of the
Lead Securitization Note Holder to sell a Non-Lead Note, and the obligations of the related Non-Lead Note Holder to execute and
deliver instruments or deliver the related Non-Lead 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 Lead Securitization Note is repurchased by the holder
of such Lead Securitization Note that sold such Lead Securitization Note into such Securitization from the trust fund established
under the Lead Securitization Servicing Agreement in connection with a material breach of representation or 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

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Securitization Note upon the consummation
of the Lead Securitization. The preceding sentence shall not be construed to grant to any Non-Lead Note Holder the benefit of any
representation or warranty made by the holder of the Lead Securitization Note 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.

 

20.             
Certain Powers of the Controlling Holder.

(a)               
Subject to Section 2 of this Agreement, the Servicer shall consult with and obtain the prior written
consent of the Controlling Holder with respect to the following actions (“Major Decisions”) and, notwithstanding
anything in this Agreement or the Servicing Agreement to the contrary, neither such Servicer nor the Lead Securitization Note Holder
will be permitted to take any of the following actions unless and until it has notified the Controlling Holder in writing by a
notice in capitalized, bold faced 14 point type containing the following statement at the top of the first page: “THIS IS
A REQUEST FOR SECTION 20 ACTION APPROVAL. IF THE CONTROLLING HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED SECTION 20 ACTION
WITHIN TEN (10) BUSINESS DAYS, THE SERVICER OR THE SPECIAL SERVICER, AS THE CASE MAY BE, MAY DELIVER A DEEMED APPROVAL NOTICE,”
and if the Controlling Holder fails to either approve or reject said Section 20 action within such ten (10) Business
Day period after receipt of the first notice (approval or rejection notice by facsimile on the same day being acceptable), and
having been provided with all reasonably requested information with respect thereto, and the Servicer or any Special Servicer,
as the case may be, delivers the Section 20 action request to the Controlling Holder accompanied by a second notice
in capitalized, bold faced 14 point type containing the following statement at the top of the first page: “THIS IS A SECOND
REQUEST FOR SECTION 20 ACTION APPROVAL. IF THE CONTROLLING HOLDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED SECTION 20 ACTION
WITHIN FIVE (5) BUSINESS DAYS, SUCH SECTION 20 ACTION WILL BE DEEMED APPROVED BY THE CONTROLLING HOLDER,” then, if the
Controlling Holder fails to approve or reject the Section 20 action within such second five (5) Business Day period
(approval or rejection by notice by facsimile on the same day being acceptable), the Controlling Holder’s approval will be
deemed to have been given:

		(i)	any modification or waiver of a monetary term of the Mortgage Loan Documents and any modification
of, or waiver that would result in the extension of, the Maturity Date (provided that any extension of the Maturity Date beyond
the date that is three (3) years from the initial Maturity Date shall require the prior written consent of (x) prior
to a Securitization, each Note A Controlling Holder and (y) after a Securitization, the Subordinate Class Representative),
a reduction in the interest rate, the Scheduled Payments or Prepayment Premium or a deferral or forgiveness of fees, interest on
or principal or a modification or waiver of any other monetary term relating to the timing or amount

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of any payment of principal and
interest (other than default interest) or any other material sums due and payable under the Mortgage Loan Documents or any modification
of any material non-monetary term of the Mortgage Loan Documents;

		(ii)	any acceptance of, or modification of, or waiver with respect to, the Mortgage Loan that would
result in, a discounted pay-off of the Mortgage Loan;

		(iii)	the commencement or termination of any foreclosure upon or comparable conversion (which may include
acquisition of an REO Property) of the ownership of the Mortgaged Property (or other collateral securing the Mortgage Loan) or
any acquisition of the Mortgaged Property (or other collateral securing the Mortgage Loan) by deed-in lieu of foreclosure;

		(iv)	any sale or other transfer of all or any portion of the Mortgage Loan, Mortgaged Property or REO
Property (other than pursuant to Section 9(a) hereof; other than with respect to the sale of Note A only pursuant to any applicable
Securitization Servicing Agreement; and other than in connection with a termination of the Trust created in connection with a Securitization)
for less than the Par Purchase Price;

		(v)	any release of the Mortgage Loan Borrower or any guarantor or other obligor from liability with
respect to the Mortgage Loan (other than as specifically permitted under the terms of the Mortgage Loan (with no material discretion
by the mortgagee) or upon satisfaction of the Mortgage Loan);

		(vi)	intentionally omitted;

		(vii)	any waiver of or determination not to enforce a “due-on-sale” or “due-on encumbrance”
clause (unless such clause is not exercisable under applicable law or such exercise is reasonably likely to result in successful
legal action by the Mortgage Loan Borrower);

		(viii)	any action to bring the Mortgaged Property or an REO Property into compliance with applicable environmental
laws or to otherwise address hazardous materials located at the Mortgaged Property or REO Property;

		(ix)	any substitution, addition or release (in each case other than in accordance with the terms of
the Mortgage Loan (with no material discretion by the mortgagee)) of collateral for the Mortgage Loan or subordination of the liens
granted under the terms of the Mortgage Loan Documents in respect of such collateral;

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		(x)	consenting to any amendment, modification, renewal, replacement, consolidation or supplement to
the Mortgage Loan Documents or waiver of the terms thereof;

		(xi)	any transfer of the Mortgaged Property or any portion thereof, or any transfer of any direct or
indirect ownership interest in the Mortgage Loan Borrower, other than a transfer specifically permitted under the Mortgage Loan
Documents without the consent of the lender thereunder;

		(xii)	any incurrence of additional debt by the Mortgage Loan Borrower or any mezzanine financing by any
beneficial owner of the Mortgage Loan Borrower;

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

		(xiv)	any proposed modification or waiver of any provision of the Mortgage Loan Documents governing the
types, nature or amount of insurance coverage required to be obtained and maintained by the Mortgage Loan Borrower;

		(xv)	any renewal or replacement of the then existing insurance policies (to the extent the lender’s
approval is required under the applicable Mortgage Loan Documents);

		(xvi)	the execution, termination, renewal, replacement or material modification of any “major lease”
(within the meaning of the Mortgage Loan Documents), to the extent the lender’s approval is required under the Mortgage Loan
Documents;

		(xvii)	termination or replacement of the manager of the Mortgaged Property, or the execution, termination,
renewal, replacement or material modification of any management agreement, to the extent that the lender’s approval is required
under the Mortgage Loan Documents;

		(xviii)	the approval of any material alteration to the Mortgaged Property, to the extent the lender’s
approval is required under the Mortgage Loan Documents;

		(xix)	any waiver of amounts required to be deposited into lockbox, escrow or reserve accounts under the
Mortgage Loan Documents, or any modification or amendment to any of the Mortgage Loan Documents that would modify the amount of
funds required to be deposited into lockbox, escrow or reserve accounts established under the Mortgage Loan Documents (but excluding
changes in the ordinary course of business of the amounts required to be

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deposited into escrow accounts for
real estate taxes, insurance premiums or ground rents, if any) or any material provision concerning the disbursement of such funds;

		(xx)	following an Event of Default, any exercise of remedies, including the acceleration of the Mortgage
Loan or initiation of any proceedings, judicial or otherwise, under the Mortgage Loan Documents;

		(xxi)	any amendment to the special purpose entity provisions in the Mortgage Loan Documents;

		(xxii)	any approval of budgets relating to the Mortgaged Property; and waiver of any material Default
or any Event of Default;

		(xxiii)	any 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;

		(xxiv)	any determination to apply casualty proceeds or condemnation awards to the reduction of the debt
rather than to the restoration of the Mortgaged Property, in each case, to the extent the Lender has discretion under the Mortgage
Loan Documents; and

		(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 shortening time or similar motion of procedure in an insolvency proceeding or making an § 1111(b)(2)
election on behalf of the Lenders.

Furthermore, the
Servicer, if any, shall be required to deliver to the Subordinate Class Representative (if and for as long as Note A is held by
the Trust) not less than ten (10) Business Days prior notice of any proposed action with respect to any Major Decision, together
with the information then in the possession of the applicable Servicer (other than correspondence with or information furnished
by or on behalf of the Controlling Holder) and obtained or prepared by the applicable Servicer in connection with such proposed
action. Upon request of the Controlling Holder, the applicable Servicer shall make a knowledgeable servicing officer available
by telephone conference during regular business hours to verbally answer questions from the Subordinate Class Representative on
a Business Day (during such ten (10) Business Day period) that is reasonably convenient to the applicable Servicer and the
Subordinate Class Representative. Upon request of the Subordinate Class Representative, the Controlling Holder

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shall exercise its right under the preceding
sentence and otherwise reasonably cooperate in the arrangement of such telephone conference. If the applicable Servicer refers
to the Controlling Holder a request from the Subordinate Class Representative to have such a telephone conference, the Controlling
Holder shall promptly confirm to the applicable Servicer that it may proceed with such telephone conference. The Controlling Holder
shall be entitled but not obligated to be present and otherwise participate in such telephone conference, and shall not have any
obligation to answer questions. The applicable Servicer shall have no duty to the Trust, the holders of the Controlling Class,
the Subordinate Class Representative or any other Person to receive, consider or accept any advice from the Subordinate Class Representative.
The applicable Servicer shall not take any action, or alter any proposed action, in response to a communication from the Subordinate
Class Representative unless the Controlling Holder has approved the same or the applicable Servicer determines (and furnishes a
written explanation to the Controlling Holder) that no other action complies with the Servicing Standard.

If any proposed
action set forth in Section 20(a) is disapproved by the Controlling Holder, the Servicer shall propose an alternate action
(based on any counter-proposals received from the Controlling Holder, to the extent such counter-proposal is consistent with Section 20(e)
or, if no such counter-proposal is received, then based on any alternate course of action that the Servicer may deem appropriate)
until the approval of the Controlling Holder is obtained; provided that if the Servicer and Controlling Holder do not agree
on a proposed course of action within sixty (60) days after the date on which the Servicer first proposed a course of action,
then the Servicer shall (x) unless the succeeding clause (y) is applicable, take such action as it deems appropriate
in accordance with the Servicing Standard or (y) if the Controlling Holder provides direction, to take such action as the
Controlling Holder shall direct, subject in either case to Section 20(e) and its obligation under the Servicing Agreement
to follow the Servicing Standard.

Notwithstanding
the foregoing, if the Servicer determines in accordance with the Servicing Standard that immediate action is necessary to protect
the interests of the Note A Holders and the Note B Holder (as a collective whole), the Servicer may take any such action without
waiting for the Controlling Holder’s response. As used in clauses (v) and (ix) above, the term “material
discretion” shall mean that the relevant decision regarding the release of collateral or the acceptance of substitute or
additional collateral, as applicable, is in the discretion of the mortgagee, and such decision need not be based upon the satisfaction
of specified objective conditions, the satisfactory delivery of certain factual evidence or opinions or the satisfaction of any
other specified objective criteria that is set forth in the related Mortgage Loan Documents.

Upon reasonable
request, the Note A Holders shall provide, or cause any applicable Special Servicer to provide, the Controlling Holder and the
Subordinate Class Representative with any information in the possession of the Note A Holders or such Special Servicer with respect
to such matters, including, without limitation, its reasons for a proposed action.

The Note A Holders
or the applicable Servicer shall notify the Holders of any release or substitution of collateral for the Mortgage Loan even if
such release or substitution is in accordance with the Mortgage Loan.

Any amounts funded
by the Servicer or any Trustee on behalf of any Note Holder pursuant hereto, under the Mortgage Loan Documents as a result of (1) the
making of any

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protective Advances or (2) interest
accruals or accretions and any compounding thereof (including default interest) with respect to the Note shall not at any time
be deemed to contravene this subsection.

(b)              
Appraisal Reduction Amounts shall be allocated to reduce first, the Note B Principal Balance and the Note A Principal
Balance (on a pro rata and pari passu basis), in that order, in each case up to the outstanding amount thereof, for
purposes of determining the identity of the Controlling Holder. The Special Servicer, or if there is no Special Servicer, the Servicer,
shall give written notice to the Controlling Holder of any Appraisal Reduction Amounts calculated with respect to the Mortgage
Loan and any allocation thereof to reduce the Principal Balance of such Holder. If at any time an Appraisal Reduction Amount exists
that would result in a Control Appraisal Event, the Holder that is being replaced as the Controlling Holder shall have the right
within thirty (30) days of such Appraisal Reduction Amount to obtain and deliver an Appraisal from a nationally recognized
appraisal firm, or to direct any applicable Special Servicer to obtain and deliver (at the cost of the party requesting such appraisal),
to the Servicer, the Controlling Holder and any Trustee, as applicable, an appraisal that satisfies the requirements for any such
appraisal as set forth in the Servicing Agreement, and upon receipt of such new appraisal, any Special Servicer, and if there is
no Special Servicer, the Servicer, shall recalculate the Appraisal Reduction Amount in respect of the Mortgage Loan based on such
new appraisal obtained by the Holder that is being replaced as the Controlling Holder or such Special Servicer and shall notify
any applicable Trustee, the Master Servicer and the applicable Controlling Holder of such recalculated Appraisal Reduction Amount.
Note A Holders shall obtain either a new appraisal or letter updates to each third party appraisal from a nationally recognized
appraisal firm at the request from time to time of the Note B Holder, at its expense and shall send all such new appraisals or
letter updates to the Rating Agencies and Note B Holder. If, as a result of such calculation based on the new appraisal or update,
a Control Appraisal Event then in effect shall no longer be deemed to exist, then Note B Holder shall be reinstated as Controlling
Holder. Until such time as such new appraisal is obtained by the Holder that is being replaced as the Controlling Holder or any
applicable Special Servicer and the recalculation of the Appraisal Reduction Amount has been made (it being agreed that such recalculation
shall be done no later than three (3) Business Days following receipt of such new appraisal), the original Control Appraisal
Event shall remain in effect.

(c)               
Notwithstanding the foregoing, the Controlling Holder shall be entitled to avoid a Control Appraisal Event caused
by application of an Appraisal Reduction Amount upon satisfaction of the following conditions (which such satisfaction must be
completed within thirty (30) days of the receipt of a third party Appraisal (or an update thereto) that indicates such Control
Appraisal Event has occurred): (i) such Controlling Holder shall have delivered as a supplement to the appraised value of
the Mortgaged Property, in the amount specified in clause (ii) below, to be held by or on behalf of the Master Servicer or
any Special Servicer (in each case together with documentation reasonably acceptable to the Master Servicer or any Special Servicer
in accordance with the Servicing Standard to create and perfect a first priority security interest in favor of the Trust in such
collateral) (a) cash collateral for the benefit of the any applicable Trustee or (b) an unconditional and irrevocable
standby letter of credit payable on sight demand (with the Trustee as beneficiary), in form reasonably acceptable to the Master
Servicer or Special Servicer, as the case may be, issued by a domestic bank or other financial institution the long term unsecured
debt obligations of which are rated at least “AA” by S&P and

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“Aa2” by Moody’s or
the short term obligations of which are rated at least “A-1+” by S&P and “P-1” by Moody’s (either
(a) or (b), the “Threshold Event Collateral”), and (ii) the Threshold Event Collateral shall be in
an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to the Servicing Agreement,
would cause the applicable Control Appraisal Event not to occur. If the requirements of this paragraph are satisfied by the Controlling
Holder (a “Threshold Event Cure”), no Control Appraisal Event caused by application of an Appraisal Reduction
Amount shall be deemed to have occurred. If a letter of credit is furnished as Threshold Event Collateral, the applicable Controlling
Holder shall be required to renew such letter of credit not later than thirty (30) days prior to expiration thereof or to
replace such letter of credit with a substitute letter of credit or other Threshold Event Collateral with an expiration date that
is greater than forty-five (45) days from the date of substitution or if the long or short term ratings of the letter of credit
provider, as applicable, fall below the minimum requirements provided above, replace such letter of credit within thirty (30) days
of such downgrade with a replacement letter from an issuer meeting the rating requirements; 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 or replaced within
thirty (30) days of such downgrade, the letter of credit shall provide that the Master Servicer or Special Servicer, as the
case may be, may (and at the direction of the applicable Controlling Holder, shall) draw upon such letter of credit and hold the
proceeds thereof as Threshold Event Collateral. The Threshold Event Cure shall continue until (i) the appraised value of the
Mortgaged Property plus the value of the Threshold Event Collateral would not be sufficient to prevent a Control Appraisal Event
from occurring, unless the Controlling Holder provides sufficient additional Threshold Event Collateral to eliminate the deficiency;
or (ii) the occurrence of a Final Recovery Determination. If the appraised value of the Mortgaged Property, upon any redetermination
thereof, is sufficient to avoid the occurrence of a Control Appraisal Event without taking into consideration any, or some portion
of, Threshold Event Collateral previously delivered by the Controlling Holder, any or such portion of Threshold Event Collateral
held by any Trustee, the Master Servicer or any Special Servicer shall promptly be returned to such Controlling Holder (at its
sole expense). Upon a Final Recovery Determination with respect to the Mortgage Loan, such Threshold Event Collateral shall be
available to reimburse the Note A Holders and the Trust, if any, for any realized loss with respect to the Mortgage Loan after
application of the net proceeds of liquidation, not in excess of the Note A Principal Balance, plus accrued and unpaid interest
thereon at the applicable interest rate and all other Costs reimbursable under this Agreement and under the Servicing Agreement,
and to the extent not so utilized, such Threshold Event Collateral shall be returned to the Note B Holder. 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 Controlling Holder
that posted such Threshold Event Collateral, who shall be taxable 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 Event.

(d)              
The term “Controlling Holder” shall mean as of any date of determination, (i) the Note B
Holder, unless (x) a Control Appraisal Event has occurred and is continuing or (y) the Note B Holder is a Mortgage Loan
Borrower Related Party, or (ii) if a Control Appraisal Event has occurred and is continuing with respect to Note B, or if
the Note B Holder is a Mortgage Loan Borrower Related Party, the Note A-1 Holder. As of the Closing Date, the Controlling

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Holder will be the Note B Holder. The
term “Non-Controlling Holder” shall mean the Holder that is not the Controlling Holder. If more than one Person
shall hold a direct interest in Note B, the holder(s) of more than fifty percent (50%) of the principal amount of each of
Note B (or if none of the Persons holding a direct interest own more than fifty percent (50%), then the holder of a plurality of
such interests) shall designate by written notice to the Note A Holders one of such Persons (the “Majority Note B Holder”)
to act on behalf of all such Persons holding an interest in Note B. The Majority Note B Holder shall have the sole right to receive
any notices which are required to be given or which may be given to the Note B Holder pursuant to this Agreement and to exercise
the rights and power given to the Note B Holder hereunder subject to Section 9 of this Agreement, including any approval
rights of the Note B Holder; provided, that until the Majority Note B Holder has been so designated, the last Person known
to the Note A Holders to hold more than a fifty percent (50%) direct interest in Note B (or if none of the Persons holding
a direct interest own more than fifty percent (50%), then the last Person known to the Note A Holders to hold a plurality of such
interests) shall be deemed to be the Majority Note B Holder. Once the Majority Note B Holder has been designated hereunder, the
Note A Holders shall be entitled to rely on such designation until it has received written notice from the holder(s) of more than
fifty percent (50%) of the principal amount of Note B (or if none of the Persons holding a direct interest own more than fifty
percent (50%), then the Person holding a plurality of such interests) of the designation of a different Person to act as the Majority
Note B Holder. If any Mortgage Loan Borrower Related Party owns the entirety of Note B, then the Note B Holder shall not qualify
as the Controlling Holder and the Note A-1 Holder shall be the Controlling Holder, and if any Mortgage Loan Borrower Related Party
owns any portion of Note B, then for purposes of determining which Person controls Note B, the ownership interest of such Person
shall be deemed to be zero, and the owners of more than fifty percent (50%) of the remaining interests in Note B shall be
deemed to be the Controlling Holder. No reference set forth in this Agreement to the ownership of any interest in a Note by any
Mortgage Loan Borrower Related Party shall be construed to limit Section 16(a) of this Agreement. In no event may any
Mortgage Loan Borrower Related Party be the Controlling Holder.

(e)               
Notwithstanding anything herein to the contrary, no advice, direction or objection from or by the Controlling Holder,
as contemplated by Section 20(a) hereof, may (and the Note A Holders and any Servicer shall ignore and act without
regard to any such advice, direction or objection that the Note A Holders or the Servicer has determined, in its reasonable, good
faith judgment, will) require or cause the Note A Holders or the Servicer to violate any provision of this Agreement, the Mortgage
Loan Documents or the Servicing Agreement (including any REMIC provisions), including each Servicer’ s obligation to act
in accordance with the Servicing Standard.

(f)               
No Controlling Holder or Directing Holder shall owe any fiduciary duty to any Trustee, the Servicer, any Special
Servicer, any certificate holder in any Securitization, or the other Holder. No Controlling Holder or Directing Holder shall have
any liability to any Trustee, the Servicer, any Special Servicer, any certificate holder in a Securitization or the other Holder
for any action taken, or for refraining from the taking of any action or the giving of any consent or for errors in judgment; provided,
however, that the Controlling Holder and the Directing Holder will not be protected against any liability which would otherwise
be imposed by reason of willful misconduct or gross negligence or breach of this Agreement on the part of such party. By its acceptance
of a Mortgage Note, each Holder shall be deemed to have confirmed its

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understanding that (i) a Controlling
Holder and the Directing Holder may take or refrain from taking, in good faith pursuant to this Agreement, any actions that favor
its interests or those of its Affiliates over those of the other Holder, (ii) a Controlling Holder and the Directing Holder
may have special relationships and interests that conflict with the interest of the other Holder and shall be deemed to have agreed
to take no action against a Controlling Holder, the Directing Holder or any of their officers, directors, employees, principals
or agents as a result of such a special relationships or conflicts, and (iii) no Controlling Holder or Directing Holder shall
be liable by reason of its having acted or refrained from acting in good faith solely in its interest or in the interest of its
Affiliates.

(g)              
The Controlling Holder may designate, in writing, a Directing Holder or other representative (other than a Mortgage
Loan Borrower Related Party) to exercise its rights and powers under this Section 20 or otherwise under this Agreement
(with copies of such writing to be delivered to each of the other parties hereto). Such designation shall remain in effect until
it is revoked by the Controlling Holder by a writing delivered to each of the other parties hereto. If the Controlling Holder is
comprised of more than one Person such Persons may designate by written notice to the Note A Holders, and each party to a Servicing
Agreement, a Person to act as the Directing Holder on behalf of such Controlling Holder. Such notice shall include the name, address
and other contact information of the Directing Holder. The Directing Holder shall have the sole right to receive any notices which
are required to be given or which may be given to the Note B Holder pursuant to this Agreement and to exercise the rights and power
given to the Note B Holder hereunder, including any approval rights of the Controlling Holder. Once a Directing Holder has been
designated hereunder, the Note A Holders shall be entitled to rely on such designation until it has received written notice from
the Controlling Holder of the designation of a different Person to act as the Directing Holder. Notwithstanding the foregoing,
in no event shall the Mortgage Loan Borrower or an Affiliate thereof be permitted to act as the Directing Holder. As of the Closing
Date, the Directing Holder will be the Note B Holder.

(h)              
The Non-Controlling Holders shall be entitled to receive, upon request made to the appropriate party thereto, a copy
of any notice or report required to be delivered (upon request or otherwise) by such party to the Controlling Holder. Any such
party shall be permitted to require payment of a sum sufficient to cover the reasonable costs and expenses of providing such copies.

(i)                
Upon determining that a Servicing Transfer Event has occurred with respect to the Mortgage Loan, the Master Servicer
shall promptly notify each Holder of the Mortgage Loan (and the Lead Securitization Note Holder shall direct the Master Servicer
in the Servicing Agreement to deliver such notice).

(j)                
Pursuant to the terms of the Servicing Agreement, the Controlling Holder may at any time and from time to time replace
any existing Special Servicer with respect to the Mortgage Loan with any other person that is a Qualified Servicer and that makes
the representations, warranties, and covenants set forth in such Servicing Agreement. The Controlling Holder shall designate a
person to serve as replacement Special Servicer by delivering to the other Holders, the Master Servicer and such existing Special
Servicer a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement;
provided, that if a Note A is not an asset of the Trust created pursuant to

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such Securitization Servicing Agreement,
the applicable Note A Controlling Holder shall have the right to approve such replacement Special Servicer if such replacement
Special Servicer is not a Qualified Servicer (which approval will not be unreasonably withheld, conditioned or delayed). The Controlling
Holder shall promptly pay any expenses incurred by the Note A Holders in connection with such replacement. The Controlling Holder
shall notify the other parties hereto of any termination of any Special Servicer and appointment of a new Special Servicer in accordance
with this Section 20. If the Controlling Holder has not appointed a Special Servicer with respect to the Mortgage Loan,
then the Special Servicer designated in the Servicing Agreement shall be the Special Servicer.

(k)              
If the Note A-1 Holder is required to act as Controlling Holder under this Agreement or the Servicing Agreement,
the Special Servicer, if any, will (i) notify the Note A-1 Holder that such action is required, (ii) provide written
direction to the Note A-1 Holder to vote on such action and (iii) provide any information which is reasonably requested by
the Note A-1 Holder and is in the possession of such Special Servicer to enable the Note A-1 Holder to vote.

21.             
No Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage
Loan by any Holder to another Holder, or a loan from any Holder to any other Holder. Except as otherwise provided in this Agreement
and the Servicing Agreement, the Note B Holder shall not have a separate interest in any property taken as security for the Mortgage
Loan except by virtue of being a lender under the Loan Agreement; provided, however, that if any such property or the proceeds
thereof shall be applied in respect of payments due under the Mortgage Loan, then the Note B Holder shall be entitled to receive
its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement. The Holders acknowledge
and agree that the Mortgage Loan represents a single “claim” under Section 101 of the Bankruptcy Code, and that
the Note B Holder shall not be a separate creditor of the Mortgage Loan Borrower under the Bankruptcy Code, or that if Note B is
construed to represent a single or separate such “claim,” that the Note B Holder shall be deemed to have assigned such
claim to the Note A Holders.

22.             
Governing Law; Waiver of Jury Trial. The parties agree that the State of New York has a substantial relationship
to the parties and to the underlying transaction embodied hereby, and in all respects, including, without limitation, matters of
construction, validity and performance, this Agreement and the obligations arising hereunder shall be governed by, and construed
in accordance with, the laws of the State of New York applicable to contracts made and performed in such State and any applicable
law of the United States of America. 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.

23.             
Modifications, Waiver in Writing.

(a)               
This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by the parties
hereto. The party seeking modification of this Agreement shall be solely responsible for any and all expenses that may arise in
order to modify this Agreement. Additionally, from and after a Securitization, this Agreement shall not be amended or modified
without first (a) receiving an opinion of counsel experienced in REMIC matters that such amendment or modification will not
adversely affect the REMIC status of any

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Note in such Securitization and this
Agreement, except for amendments pursuant to Section 23(b), (b) if such modification, cancellation or termination
would adversely affect the rights or materially affect the duties of the Servicer or any Trustee, receiving the written consent
of such affected party and (c) receiving a Rating Agency Confirmation from each Rating Agency then rating any securities issued
in a Securitization (provided, however, no such confirmation from the Rating Agencies or REMIC opinion shall be required in connection
with a modification (i) to cure any ambiguity, to correct an error or supplement any provisions herein that may be defective or
inconsistent with any other provisions herein or with the Securitization Servicing Agreement, (ii) to make other provisions with
respect to matters or questions arising under this Agreement, which shall not be inconsistent with the provisions of this Agreement
or (iii) if and to the extent that it would be deemed given or not required pursuant to the definition of Rating Agency Confirmation
in the Securitization Servicing Agreement. The Servicer shall provide each Rating Agency with a copy of any amendment or modification
of this Agreement.

(b)              
Each Note A Holder, prior to Securitization of the related Note, shall have the right, subject to the terms of the
Mortgage Loan Documents, to cause the Mortgage Loan lender to execute amended and restated or additional notes reallocating the
principal of its Note to such new notes, provided that (i) the aggregate principal balance and notional balance of all outstanding
notes following such amendments are no greater than the aggregate principal balance and notional balance of such Note prior to
such amendments, (ii) all notes representing the new notes continue to have the same weighted average interest rate as the
weighted average interest rate of the notes representing such Note prior to such amendments, (iii) the Holder holding the
applicable Note notifies any Trustee, the Master Servicer and/or any Special Servicer, if any, and the other Holders in writing
of such modified allocations and principal amounts (it being understood that no consent by such parties is required for any such
allocations), (iv) such modifications shall not affect the definition of Control Appraisal Event and shall not change the
provisions relating to when the Note A-1 Holder would become the Controlling Party and (v) the execution of such amendments
and new notes does not have an adverse effect on any other Notes or on the REMIC created by any applicable Securitization Servicing
Agreement.

24.             
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective successors and assigns; provided, that no successors or assigns of the Note
A Holders (other than any assignee that becomes a party to this Agreement following a Transfer that is not pursuant to a Securitization)
shall have any liability for a breach of representation or warranty set forth in this Agreement. Each of the Servicer and any Trustee
under any applicable Securitization Servicing Agreement is an intended third-party beneficiary of this Agreement and such liability
shall remain with a Note A Holder to the extent a Note A Holder has breached such representation or warranty. Except as provided
in the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not
a party hereto or a successor or assign of a party hereto. In no event shall any Mortgage Loan Borrower Related Party hold or exercise
the rights and benefits of the Controlling Holder or Directing Holder provided herein and in the Servicing Agreement.

25.             
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall
together constitute one and the same instrument.

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26.             
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.

27.             
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.

28.             
Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto with respect to
the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the
parties.

29.             
Notices. All notices, consents, approvals and requests required or permitted hereunder shall be given in writing
and shall be effective for all purposes if sent by (a) hand delivery, with proof of attempted delivery, (b) certified
or registered United States mail, postage prepaid, (c) overnight delivery service, with proof of attempted delivery, or (d) by
facsimile provided that such facsimile notice must also be delivered by one of the means set forth in (a), (b) or (c) above,
addressed to the respective parties at their addresses set forth on Exhibit C attached hereto and made a part hereof,
or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid. A copy of all
notices, consents, approvals and requests directed to the Note B Holder and the Note A Holders shall be delivered concurrently
to each Person (not to exceed four (4) in the aggregate) designated by each of the Note B Holder and the Note A Holders. A
notice shall be deemed to have been given: (a) in the case of hand delivery, at the time of delivery; (b) in the case
of registered or certified mail, when delivered or the first attempted delivery on a Business Day; (c) in the case of overnight
prepaid delivery upon the first attempted delivery on a Business Day; or (d) in the case of facsimile, upon receipt of transmission,
provided that such facsimile notice was also delivered as required in this Section. A party receiving a notice which does not comply
with the technical requirements for notice under this Section may elect to waive any deficiencies and treat the notice as having
been properly given.

Prior to the Securitization of a Note, all notices, reports, information or other deliverables required to
be delivered to the related Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement only need to
be delivered to the related Note Holder and, when so delivered to such Note Holder, the Note Holder effecting such delivery shall
be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing
Agreement. Following the Securitization of a Note, all notices, reports, information or other deliverables required to be delivered
to the related Note Holder pursuant to this Agreement or the Lead Securitization Servicing Agreement shall be delivered to the
master servicer and the special servicer with respect to such Securitization (who then may forward such items to the party entitled
to receive such items as and to the extent provided in the related Securitization Servicing Agreement) and, when so delivered to
such master servicer and the special servicer, the Note Holder effecting such delivery shall be deemed to have satisfied its

 

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delivery obligations with respect to such items hereunder or under the Lead Securitization Servicing Agreement.

30.             
Custody of Mortgage Loan Documents.

(a)               
The original Mortgage Loan Documents (other than the Notes) shall be held by a custodian appointed by Note A-1 Holder
(and reasonably acceptable to Note B Holder) to act as custodian solely for the benefit of and on behalf of the Holders pursuant
to the terms and conditions set forth herein (such appointee, acting in its capacity as custodian, as applicable, the “Custodian”).
The Note A-1 Holder hereby appoints Wells Fargo Bank, National Association, a national banking association, as the initial Custodian
of the Mortgage Loan Documents, and Wells Fargo Bank, National Association hereby accepts such appointment as Custodian of the
Mortgage Loan Documents pursuant to the terms and conditions of this Agreement.

(b)              
The Holders shall deliver, or cause to be delivered, the Mortgage Loan Documents, other than their respective Notes,
together with appropriate endorsements and other documentation sufficient under the Mortgage Loan Documents to transfer the Mortgage
Loan Documents, to the Custodian for the benefit of and on behalf of the Holders.

(c)               
The Custodian, not in its individual capacity but solely as Custodian for the benefit of and on behalf of the Holders,
hereby acknowledges the sale and assignment of the Mortgage Loan Documents by the Holders to the Custodian for the benefit of the
Holders pursuant to this Agreement. The Custodian will hold legal title to the Mortgage Loan Documents delivered to it pursuant
to this Section 30, solely for the benefit of and on behalf of the Holders. The Custodian acknowledges that if the
Custodian is subject to any bankruptcy or similar proceeding, the Mortgage Loan shall not be an asset of its estate.

(d)              
The Custodian shall retain possession and custody of the Mortgage Loan Documents in accordance with and subject to
the terms and conditions set forth herein.

(e)               
The Holders agree and acknowledge that the Custodian shall be entitled to reimbursement of such other matters in
accordance with the terms of this Agreement (including, but not limited to, modifications and amendments, reasonable legal costs,
postage, copy fees, and courier charges), such fees and reimbursement shall be paid by the Holders in accordance with their respective
Percentage Interests (except as otherwise provided in this Agreement). Invoices for reimbursement shall be delivered to the Servicer,
if any, with a copy to each Holder at the address provided on Exhibit C.

(f)               
Upon reasonable prior notice to the Custodian, the Holders and their respective agents, accountants, attorneys and
auditors will be permitted during normal business hours to examine the Mortgage Loan Documents, records and other papers in the
possession of or under the control of the Custodian relating to the Mortgage Loan. The examining Holder will promptly reimburse
the Custodian for reasonable out-of-pocket expenses incurred by the Custodian in connection with any such examination.

(g)              
Neither the Custodian nor any of its directors, officers, agents or employees, shall be liable for any action taken
or omitted to be taken by it or them hereunder except for its or their own gross negligence, lack of good faith or willful misconduct.
In no event shall the Custodian

    57

     

    

or its directors, officers, agents and
employees be held liable for any special, indirect or consequential damages resulting from any action taken or omitted to be taken
by it or them hereunder or in connection herewith in good faith and reasonably believed by it or them to be within the purview
of this Agreement.

(h)              
Except upon determination that the duties of the Custodian are no longer permissible under applicable law (as evidenced
by an opinion of counsel delivered to the Holders at the expense of the resigning Custodian), the Custodian shall not resign without
giving each of the Holders sixty (60) days prior written notice thereof (or such lesser notice as may be acceptable to all
the Holders). No resignation of the Custodian shall be effective until a new Custodian shall have been appointed hereunder and
legal title to the Mortgage Loan Documents shall have been transferred to such replacement Custodian not in its individual capacity
but solely as Custodian for the benefit of and on behalf of the Holders.

(i)                
Upon payment in full or any other agreed upon settled amount of the Mortgage Loan, and upon receipt by the Custodian
of a request for release from the Servicer stating that the Mortgage Loan has been paid in full, the Custodian shall promptly release
the related Mortgage Loan Documents to the Servicer or its agent.

(j)                
On and after the closing of the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than
the originals of the Non-Lead Notes) shall be held by the Trustee through a duly appointed custodian therefor, in accordance with
the terms of the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes; provided that
if the First Securitization is not the Note A-1 Securitization, (i) the originals of all of the Mortgage Loan Documents (other
than the Notes not included in the First Securitization) shall be transferred to and held by the Trustee (of the First Securitization)
through a duly appointed custodian therefor under the First Securitization, on behalf of the registered holders of the Notes, until
the Note A-1 Securitization date, on which date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Notes)
shall be transferred to and held in the name of the Trustee (by a duly appointed custodian therefor) under the Note A-1 PSA on
behalf of the registered holders of the Notes; and (ii) all Mortgage Loan Documents (other than the Note that is deposited into
the First Securitization) shall not be recorded or filed to reflect the name of the trustee under the Securitization Servicing
Agreement for the First Securitization (except to the extent specifically provided for in the Securitization Servicing Agreement
for the First Securitization).

31.             
Termination. This Agreement and the respective obligations and responsibilities of the parties under this
Agreement shall terminate upon (a) mutual agreement by the parties hereto, evidenced in writing; (b) defeasance of the
Mortgage Loan in full; thirty (30) days after each of the Notes is paid in full; or payment (or provision for payment) to
the Holders of all amounts held by or on behalf of the Servicer and required under the Servicing Agreement, to be so paid on the
last Master Servicer Remittance Date following final payment or other liquidation (or any advance with respect thereto) of the
Mortgage Loan or the Mortgaged Property.

32.             
Statement of Intent. It is the intention of the parties hereto that, for purposes of federal income taxes,
state and local income and franchise taxes and any other taxes imposed upon, measured by or based upon gross or net income, this
Agreement shall be treated as a

    58

     

    

grantor trust. Each of the Note A Holders
and the Note B Holder agrees that, unless otherwise required by appropriate tax authorities, such noteholder shall file or cause
to be filed its own annual or other necessary returns, reports and other forms consistent with such intended characterization.
If the Internal Revenue Service characterizes this Agreement as a partnership for federal income tax purposes, the Note B Holder
authorizes and directs the Note A Holdesr to elect out of partnership accounting pursuant to Treasury Regulations Section 1.761-2,
and agrees to file its own tax returns and reports in a manner consistent with such election.

33.             
Withholding Taxes.

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

(b)              
Each Holder shall and hereby agrees to indemnify the Servicer against and hold the Servicer harmless from and against
any Taxes, interest, penalties and attorneys’ fees and disbursements arising or resulting from any failure of the Servicer
to withhold Taxes from payment made to such Holder in reliance upon any representation, certificate, statement, document or instrument
made or provided by such Holder in connection with the withholding of Taxes from payments made to such Holder, it being expressly
understood and agreed that (i) the Servicer 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, except as otherwise required under applicable law, and (ii) such Holder shall, upon request of the Servicer and
at its sole cost and expense, defend any claim or action relating to the foregoing indemnification using counsel selected by such
Holder and reasonably acceptable to the Servicer. The Person that is the Holder at any particular time shall not be liable under
this Section 33 with respect to any predecessor or successor Holder.

(c)               
Each Holder represents to the Servicer as of the date hereof that it is not a Non Exempt Person and that neither
the Servicer 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 Holder shall deliver to the Servicer evidence satisfactory to the
Servicer substantiating that it is not a Non-Exempt Person and that the Servicer 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, unless there is a change in law after
the date that such Holder became a party hereto. Without limiting the effect of the foregoing, (a) if a Holder is created
or organized under the laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements
of the preceding

    59

     

    

sentence by furnishing to the Servicer
an Internal Revenue Service Form W-9, or successor form, and (b) if a Holder is not created or organized under the laws
of the United States, any state thereof or the District of Columbia, and if the payment of interest or other amounts by the Mortgage
Loan Borrower is treated for United States income tax purposes as derived in whole or part from sources within the United States,
such Holder shall satisfy the requirements of the preceding sentence by furnishing to the Servicer Internal Revenue Service Form W-8EXP,
W8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms, as may be required from time to
time, duly executed by such Holder, as evidence of such Holder’s entitlement to exemption from or reduction in the withholding
of United States tax with respect thereto. The Servicer shall not be obligated to make any payment hereunder to any Holder until
such Holder shall have furnished to the Servicer the requested forms, certificates, statements or documents.

34.             
Effect of this Agreement. This Agreement amends, restates and supersedes the Original Agreement in its entirety
as of the date hereof.

[NO FURTHER TEXT ON THIS PAGE]

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

	 	NOTE A-1 HOLDER:	 
	 	 	 	 
	 	 	 	 
	 	WELLS FARGO BANK, NATIOASSOCIATIONNAL	 
	 		 
	 	 	 	 
	 	By:	/s/ Jeffrey L. Cirillo	 
	 	 	Name: Jeffrey L. Cirillo	 
	 	 	Title:   Managing Director	 
	 	 	 	 
	 	NOTE A-2 HOLDER:	 
	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL	 
	 	ASSOCIATION	 
	 	 	 	 
	 	By:	/s/ Jeffrey L. Cirillo	 
	 	 	Name: Jeffrey L. Cirillo	 
	 	 	Title:   Managing Director	 
	 	 	 	 
	 	NOTE A-3 HOLDER:	 
	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL	 
	 	ASSOCIATION	 
	 	 	 	 
	 	By:	/s/ Jeffrey L. Cirillo	 
	 	 	Name: Jeffrey L. Cirillo	 
	 	 	Title:   Managing Director	 
	 	 	 	 

 

[Signature Page to
Co-Lender Agreement]

 

    

     

    

 

	 	NOTE A-4 HOLDER:
	 	 	 	 
	 	COLUMN FINANCIAL, INC., a Delaware
	 	corporation
	 	 	 	 
	 	By:	/s/ David Tusty	 
	 	Name:	David Tusty	 
	 	Title:	Authorized Signatory 	 
	 	 	 	 
	 	 	 	 

 

[Signature Page to
Co-Lender Agreement]

 

    

     

    

 

	 	NOTE A-5 HOLDER:
	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL
	 	ASSOCIATION
	 	 	 	 
	 	By:	/s/ Jeffrey L. Cirillo	 
	 	Name:	Jeffrey L. Cirillo	 
	 	Title:	Managing Director 	 
	 	 	 	 
	 	 	 	 

 

[Signature Page to
Co-Lender Agreement]

 

    

     

    

	 	B-NOTE HOLDER:
	 	 	 	 
	 	KSL CAPITAL PARTNERS CO TRUST II,
	 	a Maryland business trust
	 	 	 	 
	 	By:	/s/ Steven S. Siegel	 
	 	Name:	Steven S. Siegel	 
	 	Title:	Chief Operating Officer	 
	 	 	 	 
	 	 	 	 

[END OF SIGNATURES]

 

 

[Signature Page to Co-Lender]

 

    

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan:

	Mortgage Loan Borrower:	GWGG, LLC, a Delaware limited liability company
	Date of Mortgage Loan:	March 11, 2019
	Date of Notes:	
        Notes A-1, A-2, A-3, A-4 and A-5 – March 13, 2019

        Note B-1 – March 11, 2019

	Initial Principal Amount of Mortgage Loan:	$170,000,000.00
	Location of Mortgaged Property:	Garden Grove, Orange County, California
	Current Use of Mortgaged Property:	Exclusively as a hotel, waterpark, arcade, miniature golf, salon, restaurants, conference room, meeting space, for entertainment and other appurtenant and related uses.
	Mortgage Interest Rate:	a rate per annum equal to (i) 5.233% with respect to Notes A-1, A-2, A-3, A-4 and A-5 and (ii) 10.75% with respect to Note B-1
	Mortgage Loan Default Rate:	A rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) the sum of (a) the Interest Rate and (b) four percent (4%).
	Maturity Date:	March 11, 2029

 

B.       Description
of Notes:

	Note A-1 Principal Balance:	$30,000,000.00
	Note A-2 Principal Balance:	$25,000.000.00
	Note A-3 Principal Balance:	$25,000.000.00
	Note A-4 Principal Balance:	$50,000.000.00
	Note A-5 Principal Balance:	$20,000.000.00

    A-1

     

    

 

	Note B-1 Principal Balance:	$20,000,000.00
	Note A Interest Rate:	5.233%
	Note B Interest Rate:	10.75%
	Note A Default Interest Rate:	A rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) the sum of (a) the Note A Interest Rate and (b) four percent (4%).
	Note B Default Interest Rate:	A rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) the sum of (a) the Note B Interest Rate and (b) four percent (4%).

 

    A-2

     

    

EXHIBIT B

PERMITTED FUND MANAGERS

		1.	KSL Capital Partners, LLC

		2.	iStar Financial Inc.

		3.	Archon Capital, L.P.

		4.	Goldman, Sachs & Co.

		5.	The Blackstone Group International Ltd.

		6.	Apollo Global Real Estate

		7.	Colony Capital, Inc.

		8.	Praedium Group

		9.	Fortress Investment Group LLC

		10.	Lonestar Funds

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

		12.	Clarion Partners

		13.	Walton Street Capital, LLC

		14.	Starwood Capital Group/Starwood Financial Trust

		15.	BlackRock, Inc.

		16.	Ares Management

		17.	Garrison Investment Group

		18.	LoanCore Capital

		19.	Rockpoint Group

		20.	Torchlight Investors

		21.	Westbrook Partners

		22.	WestRiver Capital

		23.	Five Mile Capital Partners, LLC

    B-1

     

    

		24.	Rimrock Capital Management

		25.	The Macquarie Group

		26.	Och Ziff Capital Management

		27.	Benefit Street Partners

		28.	Brookfield Asset Management

		29.	DoubleLine Capital

		30.	HG Vora Capital Management

		31.	KKR & Co. Inc.

		32.	Ladder Capital

		33.	LaSalle Mortgage Real Estate Investors

		34.	Mack Real Estate Group

		35.	Prima Capital

		36.	Rialto Capital

		37.	Shelter Growth Capital

		38.	Silverpeak Argentic

		39.	TPG Real Estate Finance

		40.	Varde Partners

		41.	Waterfall Asset Management

    B-2

     

    

EXHIBIT C

NOTICE, ACCOUNT INFORMATION

Note A-1 Holder, Note A-2 Holder, Note
A-3 Holder and Note A-5 Holder:

Wells Fargo Commercial Mortgage Servicing

401 S. Tryon Street, 8th Floor

Charlotte, North Carolina 28202

Facsimile No.: 704-715-0034

With a copy to:

Hunton Andrews Kurth LLP

2200 Pennsylvania Avenue NW

Washington, DC 20037

Attention: Marvin Ehrlich

Facsimile No.: 202-778-2201

Note A-4 Holder:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

General Counsel’s Office

Attention: Katrina Llames, Esq. and Mark Covey, Esq.

Facsimile No.: 212-743-2823

With a copy to:

Column Financial, Inc.

Eleven Madison Avenue

New York, New York 10010

Attention: M. Dante La Rocca

Facsimile No.: 646-935-8520

Note B Holder:

KSL Capital Partners Co Trust II

c/o KSL Capital Partners, LLC

100 St. Paul Street

Suite 800,

Denver, Colorado 80206

Attention: Steven Siegel

Facsimile No.: (720) 284-6401

 

    C-1

     

    

With copies to:

c/o KSL Capital Partners, LLC

700 Canal St., 4th Floor

Stamford, CT 06902

Attention: Craig Henrich

Facsimile No.: (203) 355-1366

and to:

 

	
         

 

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, New York 10006

Attention: Michael Weinberger

Facsimile No.: (212) 225-3999

    C-2

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