Document:

Exhibit
4.1 

 

CITIGROUP
COMMERCIAL MORTGAGE SECURITIES INC.,

Depositor,

 

[master
servicer],

Master Servicer,

 

[Special
Servicer],

Special Servicer,

 

[Operating
Advisor],

Operating Advisor,

 

[Certificate
Administrator],

Certificate Administrator,

 

[Trustee],

Trustee

 

and

 

[ASSET
REPRESENTATIONS REVIEWER],

Asset
Representations Reviewer,

 

 

 

POOLING
AND SERVICING AGREEMENT

Dated as of [date]

 

 

 

Commercial
Mortgage Pass-Through Certificates

[Series designation]

 

      

     

    

 

TABLE
OF CONTENTS

 

Page

  

	ARTICLE I
	 	 	 
	DEFINITIONS
	 	 	 
	Section 1.01	Defined Terms	7
	Section 1.02	Certain Calculations	132
	Section 1.03	Certain Constructions	136
	 	 	 
	ARTICLE II
	 	 	 
	CONVEYANCE OF MORTGAGE LOANS;
	ORIGINAL ISSUANCE OF CERTIFICATES
	 	 	 
	Section 2.01	Conveyance of Mortgage Loans and the Trust Subordinate Companion Loan	137
	Section 2.02	Acceptance by the Trustee, the Custodian and the Certificate Administrator	143
	Section 2.03	Mortgage Loan Sellers’ Repurchase, Substitution or Cures of Mortgage Loans for Document Defects in Mortgage Files and Breaches of Representations and Warranties	145
	Section 2.04	Representations and Warranties of the Depositor	162
	Section 2.05	Representations, Warranties and Covenants of the Master Servicer	164
	Section 2.06	Representations, Warranties and Covenants of the Special Servicer	166
	Section 2.07	Representations and Warranties of the Trustee	167
	Section 2.08	Representations and Warranties of the Certificate Administrator	169
	Section 2.09	Representations, Warranties and Covenants of the Operating Advisor	171
	Section 2.10	Representations, Warranties and Covenants of the Asset Representations Reviewer	172
	Section 2.11	Execution and Delivery of Certificates; Issuance of Lower-Tier Regular Interests	174
	Section 2.12	Miscellaneous REMIC and Grantor Trust Provisions	175
	 	 	 
	ARTICLE III
	 	 	 
	ADMINISTRATION AND SERVICING
	OF THE MORTGAGE LOANS
	 	 	 
	Section 3.01	Master Servicer to Act as Master Servicer; Administration of the Mortgage Loans; Sub-Servicing Agreements; Outside Serviced Mortgage Loans; and the Trust Subordinate Companion Loan	176
	Section 3.02	Liability of the Master Servicer	189
	Section 3.03	Collection of Certain Mortgage Loan Payments	190

 

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	 	 	Page
	 	 	 
	Section 3.04	Collection of Taxes, Assessments and Similar Items; Escrow Accounts	192
	Section 3.05	Collection Account; Distribution Accounts;
    Excess Liquidation Proceeds Reserve Account; Excess Interest Distribution Account; and [LOAN-SPECIFIC] REMIC Distribution
    Account	194
	Section 3.05 A.	Loan Combination Custodial Account	198
	Section 3.06	Permitted Withdrawals From the Collection Account	201
	Section 3.06 A.	Permitted Withdrawals From the Loan Combination Custodial Account	207
	Section 3.07	Investment of Funds in the Collection Account, the REO Account, the Mortgagor Accounts, and Other Accounts	212
	Section 3.08	Maintenance of Insurance Policies and Errors and Omissions and Fidelity Coverage	214
	Section 3.09	Enforcement of Due-On-Sale and Due-On-Encumbrance Clauses; Assumption Agreements; Defeasance Provisions	219
	Section 3.10	Appraisal Reductions; Calculation and Allocation of Collateral Deficiency Amounts; Realization Upon Defaulted Loans	225
	Section 3.11	Trustee and Certificate Administrator to Cooperate; Release of Mortgage Files	232
	Section 3.12	Servicing Fees, Trustee/Certificate Administrator Fees and Special Servicing Compensation	233
	Section 3.13	Compensating Interest Payments	239
	Section 3.14	Application of Penalty Charges and Modification Fees	241
	Section 3.15	Access to Certain Documentation	242
	Section 3.16	Title and Management of REO Properties	244
	Section 3.17	Sale of Defaulted Loans and REO Properties; Sale of Outside Serviced Mortgage Loans	249
	Section 3.18	Additional Obligations of the Master Servicer; Inspections; Obligation to Notify Ground Lessors; Delivery of Certain Reports to the Serviced Companion Loan Holder	258
	Section 3.19	Lock-Box Accounts, Escrow Accounts	259
	Section 3.20	Property Advances	260
	Section 3.21	Appointment of Special Servicer; Asset Status Reports	263
	Section 3.22	Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping	271
	Section 3.23	Interest Reserve Account	272
	Section 3.24	Modifications, Waivers and Amendments	272
	Section 3.25	Additional Obligations With Respect to Certain Mortgage Loans	279
	Section 3.26	Certain Matters Relating to the Outside Serviced Mortgage Loans	279
	Section 3.27	Additional Matters Regarding Advance Reimbursement	280
	Section 3.28	Serviced Companion Loan Intercreditor Matters	281
	Section 3.29	Appointment and Duties of the Operating Advisor	283
	Section 3.30	Rating Agency Confirmation	291
	Section 3.31	General Acknowledgement Regarding Companion Loan Holders	293
	Section 3.32	Trust Subordinate Companion Loan	294
	Section 3.33	Subordinate Loan-Specific Directing Certificateholder	295

 

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	 	 	Page
	 	 	 
	Section 3.34	Litigation Control	296
	Section 3.35	Delivery of Excluded Information to the Certificate Administrator	299
	Section 3.36	Credit Risk Retention	300
	Section 3.37	[Resignation Upon Prohibited Risk Retention Affiliation	301
	 	 	 
	ARTICLE IV
	 	 	 
	DISTRIBUTIONS TO CERTIFICATEHOLDERS
	 	 	 
	Section 4.01	Distributions	302
	Section 4.02	Statements to Certificateholders; Certain Reports by the Master Servicer and the Special Servicer	314
	Section 4.03	Compliance With Withholding Requirements	335
	Section 4.04	REMIC Compliance	336
	Section 4.05	Imposition of Tax on the Trust REMICs	338
	Section 4.06	Remittances; P&I Advances	339
	Section 4.07	Grantor Trust Reporting	344
	Section 4.08	Calculations	345
	Section 4.09	Secure Data Room	346
	 	 	 
	ARTICLE V
	 	 	 
	THE CERTIFICATES
	 	 	 
	Section 5.01	The Certificates	347
	Section 5.02	Form and Registration	348
	Section 5.03	Registration of Transfer and Exchange of Certificates	352
	Section 5.04	Mutilated, Destroyed, Lost or Stolen Certificates	360
	Section 5.05	Persons Deemed Owners	361
	Section 5.06	Appointment of Paying Agent	361
	Section 5.07	Access to Certificateholders’ Names and Addresses; Special Notices	361
	Section 5.08	Actions of Certificateholders	362
	Section 5.09	Authenticating Agent	363
	Section 5.10	Appointment of Custodian	364
	Section 5.11	Maintenance of Office or Agency	364
	Section 5.12	Exchanges of Exchangeable Certificates	365
	Section 5.13	Voting Procedures	367
	 	 	 
	ARTICLE VI
	 	 	 
	THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, THE
	OPERATING ADVISOR AND THE CONTROLLING CLASS REPRESENTATIVE
	 	 	 
	Section 6.01	Liability of the Depositor, the Master Servicer, the Special Servicer and the Operating Advisor	368
	Section 6.02	Merger or Consolidation of the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Operating Advisor	369
	 	 	 

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	 	 	Page
	 	 	 
	Section 6.03	Limitation on Liability of the Depositor, the
    Master Servicer, the Special Servicer, the Operating Advisor and Others	370
	Section 6.04	Limitation on Resignation of the Master Servicer,
    the Special Servicer or the Operating Advisor	371
	Section 6.05	Rights of the Depositor, the Trustee and the
    Certificate Administrator in Respect of the Master Servicer and Special Servicer	374
	Section 6.06	Master Servicer, Special Servicer as Owner of
    a Certificate	375
	Section 6.07	Rating Agency Fees	376
	Section 6.08	Termination of the Special Servicer	376
	Section 6.09	Section 6.09 The Directing Holder, the Controlling
    Class	 
	 	Representative [and the Risk Retention Consultation
    Party]	383
	 	 	 
	ARTICLE
    VII
	 	 	 
	DEFAULT
	 	 	 
	Section 7.01	Servicer Termination Events	394
	Section 7.02	Trustee to Act; Appointment of Successor	401
	Section 7.03	Notification to Certificateholders	402
	Section 7.04	Other Remedies of Trustee	403
	Section 7.05	Waiver of Past Servicer Termination Events and
    Operating Advisor Termination Events; Termination	403
	Section 7.06	Termination of the Operating Advisor	405
	 	 	 
	ARTICLE
    VIII
	 	 	 
	CONCERNING
    THE TRUSTEE AND THE CERTIFICATE ADMINISTRATOR
	 	 	 
	Section 8.01	Duties of the Trustee and the Certificate Administrator	408
	Section 8.02	Certain Matters Affecting the Trustee and the
    Certificate Administrator	411
	Section 8.03	Neither the Trustee Nor the Certificate Administrator
    Is Liable for Certificates or Mortgage Loans	414
	Section 8.04	Trustee and Certificate Administrator May Own
    Certificates	416
	Section 8.05	Payment of Trustee/Certificate Administrator
    Fees and Expenses; Indemnification	416
	Section 8.06	Eligibility Requirements for the Trustee and
    the Certificate Administrator	419
	Section 8.07	Resignation and Removal of the Trustee or the
    Certificate Administrator	420
	Section 8.08	Successor Trustee or Successor Certificate Administrator	422
	Section 8.09	Merger or Consolidation of the Trustee or the
    Certificate Administrator	422
	Section 8.10	Appointment of Co-Trustee or Separate Trustee	423
	Section 8.11	Access to Certain Information	424

 

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	 	 	Page
	 	 	 
	ARTICLE IX
	 	 	 
	TERMINATION; OPTIONAL MORTGAGE LOAN PURCHASE
	 	 	 
	Section 9.01	Termination; Optional Mortgage Loan Purchase	426
	 	 	 
	ARTICLE X
	 	 	 
	EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE
	 	 	 
	Section 10.01	Intent of the Parties; Reasonableness	431
	Section 10.02	Succession; Sub-Servicers; Subcontractors	432
	Section 10.03	Filing Obligations	434
	Section 10.04	Form 10-D Filings and Form ABS-EE Filings	435
	Section 10.05	Form 10-K Filings	439
	Section 10.06	Sarbanes-Oxley Certification	443
	Section 10.07	Form 8-K Filings	443
	Section 10.08	Annual Compliance Statements	446
	Section 10.09	Annual Reports on Assessment of Compliance With Servicing Criteria	447
	Section 10.10	Annual Independent Public Accountants’ Servicing Report	449
	Section 10.11	Significant Obligors	450
	Section 10.12	Indemnification	452
	Section 10.13	Amendments	455
	Section 10.14	Regulation AB Notices	455
	Section 10.15	Termination of the Certificate Administrator	456
	Section 10.16	Termination of the Master Servicer or the Special Servicer	456
	Section 10.17	Termination of Sub-Servicing Agreements	456
	Section 10.18	Notification Requirements and Deliveries in Connection With Securitization of a Serviced Companion Loan	457
	Section 10.19	Termination of Exchange Act Filings With Respect to the Trust	459
	 	 	 
	ARTICLE XI
	 	 	 
	THE ASSET REPRESENTATIONS REVIEWER
	 	 	 
	Section 11.01	Asset Review	459
	Section 11.02	Payment of Asset Representations Reviewer Fees and Expenses; Limitation of Liability	466
	Section 11.03	Resignation of the Asset Representations Reviewer	467
	Section 11.04	Restrictions of the Asset Representations Reviewer	468
	Section 11.05	Termination of the Asset Representations Reviewer	468
	 	 	 
	ARTICLE XII
	 	 	 
	MISCELLANEOUS PROVISIONS
	 	 	 
	Section 12.01	Counterparts	471

 

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	 	 	Page
	 	 	 
	Section 12.02	Limitation on Rights of Certificateholders	471
	Section 12.03	Governing Law	472
	Section 12.04	Notices	472
	Section 12.05	Severability of Provisions	473
	Section 12.06	Notice to the Rule 17g-5 Information Provider, Depositor and Each Rating Agency	473
	Section 12.07	Amendment	475
	Section 12.08	Confirmation of Intent	479
	Section 12.09	Third-Party Beneficiaries	479
	Section 12.10	Request by Certificateholders or the Serviced Companion Loan Holder	480
	Section 12.11	Waiver of Jury Trial	480
	Section 12.12	Submission to Jurisdiction	480
	Section 12.13	Exchange Act Rule 17g-5 Procedures	480
	Section 12.14	Precautionary Trust Indenture Act Provisions	485
	Section 12.15	Cooperation with the Mortgage Loan Sellers with Respect to Rights Under the Loan Agreements	486

 

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TABLE
OF EXHIBITS 

 

	Exhibit A-1	Form of Class [A-1] Certificate
	Exhibit A-2	Form of Class [A-2] Certificate
	Exhibit A-3	Form of Class [A-3] Certificate
	Exhibit A-4	Form of Class [A-4] Certificate
	Exhibit A-5	Form of Class [A-AB] Certificate
	Exhibit A-6	Form of Class [X-A] Certificate
	Exhibit A-7	Form of Class [A-S] Certificate
	Exhibit A-8	Form of Class [B] Certificate
	Exhibit A-9	Form of Class [PEZ] Certificate
	Exhibit A-10	Form of Class [C] Certificate
	Exhibit A-11	Form of Class [D] Certificate
	Exhibit A-12	Form of Class [E] Certificate
	Exhibit A-13	Form of Class [F] Certificate
	Exhibit A-14	Form of Class [G] Certificate
	Exhibit A-15	Form of Class [H] Certificate
	Exhibit A-16	Form of Class [R] Certificate
	Exhibit A-17	Form of Class [ARD] Certificate
	Exhibit A-18	Form of [LOAN-SPECIFIC] Certificate
	Exhibit A-19	Form of Class [VRR] Certificate
	Exhibit B	Mortgage Loan Schedule
	Exhibit C	Form of Request for Release
	Exhibit D	Form of Distribution Date Statement
	Exhibit E	Form of Transfer Certificate for Rule 144A Global
    Certificate to Temporary Regulation S Global Certificate
	Exhibit F	Form of Transfer Certificate for Rule 144A Global
    Certificate to Regulation S Global Certificate
	Exhibit G	Form of Transfer Certificate for Temporary Regulation
    S Global Certificate to Rule 144A Global Certificate during Restricted Period
	Exhibit H	Form of Certification to be given by Certificate
    Owner of Temporary Regulation S Global Certificate
	Exhibit I	Form of Transfer Certificate for Non-Book Entry
    Certificate to Temporary Regulation S Global Certificate
	Exhibit J	Form of Transfer Certificate for Non-Book Entry
    Certificate to Regulation S Global Certificate
	Exhibit K	Form of Transfer Certificate for Non-Book Entry
    Certificate to Rule 144A Global Certificate
	Exhibit L-1	Form of Affidavit Pursuant to Sections 860D(a)(6)(A)
    and 860E(e)(4) of the Internal Revenue Code of 1986, as Amended
	Exhibit L-2A	Form of Transferor Letter for Transfer of Class
    R Certificates
	Exhibit L-2B	Form of Transferor Letter for Transfer of Non-Book
    Entry Certificates (other than Public Certificates)
	Exhibit L-3	Form of Transferee Letter
	Exhibit L-4	Form of Investment Representation Letter
	Exhibit L-5A	Form of Transferee Certificate for Transfer
    of VRR Interest

  

     -i-

     

    

 

	Exhibit L-5B	Form of Transferee Certificate
    for Transfer of HRR Interest
	Exhibit L-6A	Form of Transferor Certificate for Transfer
    of VRR Interest
	Exhibit L-6B	Form of Transferor Certificate for Transfer
    of HRR Interest
	Exhibit M-1A	Form of Investor Certification for Non-Borrower
    Party (for persons other than the Controlling Class Representative and/or a Controlling Class Certificateholder)
	Exhibit M-1B	Form of Investor Certification for Non-Borrower
    Party (for the Controlling Class Representative and/or a Controlling Class Certificateholder)
	Exhibit M-1C	Form of Investor Certification for Borrower
    Party (for the Controlling Class Representative and/or a Controlling Class Certificateholder)
	Exhibit M-1D	Form of Investor Certification for Borrower
    Party (for persons other than the Controlling Class Representative and/or a Controlling Class Certificateholder, a Risk Retention
    Consultation Party or a Holder of Class VRR Certificate(s))
	Exhibit M-1E	Form of Investor Certification for Borrower
    Party (for a Risk Retention Consultation Party or a Holder of Class VRR Certificate(s))
	Exhibit M-1F	Form of Notice of Excluded Controlling Class
    Holder
	Exhibit M-1G	Form of Notice of Excluded Controlling Class
    Holder to Certificate Administrator
	Exhibit M-1H	Form of Certification of the Controlling Class
    Representative
	Exhibit M-1I	Form of Certification of a Risk Retention Consultation
    Party
	Exhibit M-2A	Form of Investor Certification for Exercising
    Voting Rights for Non-Borrower Party
	Exhibit M-2B	Form of Investor Certification for Exercising
    Voting Rights for Borrower Party
	Exhibit M-3	Form of Online Vendor Certification
	Exhibit M-4	Form of Confidentiality Agreement
	Exhibit M-5	Form of NRSRO Certification
	Exhibit N	Custodian Certification
	Exhibit O	Servicing Criteria to be Addressed in Assessment
    of Compliance
	Exhibit P	[Reserved]
	Exhibit Q	Retained Defeasance Rights and Obligations Mortgage
    Loans
	Exhibit R	Form of Operating Advisor Annual Report
	Exhibit S	Sub-Servicing Agreements
	Exhibit T	Form of Recommendation of Special Servicer Termination
	Exhibit U	Additional Form 10-D Disclosure
	Exhibit V	Additional Form 10-K Disclosure
	Exhibit W-1	Form of Additional Disclosure Notification
	Exhibit W-2	Form of Additional Disclosure Notification (Accounts)
	Exhibit W-3	Form of Notice of Additional Indebtedness Notification
	Exhibit X	Form Certification to be Provided with Form
    10-K
	Exhibit Y-1	Form of Certification to be Provided to Depositor
    by the Certificate Administrator
	Exhibit Y-2	Form of Certification to be Provided to Depositor
    by the Master Servicer
	Exhibit Y-3	Form of Certification to be Provided to Depositor
    by the Special Servicer
	Exhibit Y-4	Form of Certification to be Provided to Depositor
    by the Operating Advisor
	Exhibit Y-5	Form of Certification to be Provided to Depositor
    by the Custodian

 

     -ii-

     

    

 

	Exhibit
    Y-6	Form
    of Certification to be Provided to Depositor by the Trustee
	Exhibit
    Y-7	Form
    of Certification to be Provided to Depositor by the Asset Representations Reviewer
	Exhibit
    Z	Form
    8-K Disclosure Information
	Exhibit
    AA-1	Form
    of Power of Attorney for Master Servicer
	Exhibit
    AA-2	Form
    of Power of Attorney for Special Servicer
	Exhibit
    BB	Class
    A-AB Scheduled Principal Balance
	Exhibit
    CC-1	Form
    of Transferor Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit
    CC-2	Form
    of Transferee Certificate for Transfer of the Excess Servicing Fee Rights
	Exhibit
    DD	Form
    of Notice and Certification Regarding Defeasance of Mortgage Loan
	Exhibit
    EE	Form
    of Notice of Exchange of Exchangeable Certificates
	Exhibit
    FF	Form
    of Notice Regarding Outside Serviced Mortgage Loan
	Exhibit
    GG	Specified
    Serviced Mortgage Loans
	Exhibit
    HH	Form
    of Notice of Purchase of Class [LOAN-SPECIFIC] Certificate
	Exhibit
    II	Form
    of Asset Review Report
	Exhibit
    JJ	Asset
    Review Procedures
	Exhibit
    KK	Form
    of Certification to Certificate Administrator Requesting Access to Secure Data Room
	Exhibit
    LL	Form
    of Notice of [Additional Delinquent Mortgage Loan][Cessation of Delinquent Mortgage Loan][Cessation of Asset Review Trigger]
	Exhibit
    MM	Form
    of Certificate Administrator Receipt in Respect of Risk Retention Certificates

  

     -iii-

     

    

 

Pooling
and Servicing Agreement, dated as of [date], between Citigroup Commercial Mortgage
Securities Inc., as Depositor, [master servicer], as Master Servicer, [special
servicer], as Special Servicer, [operating advisor], as Operating Advisor,
[certificate administrator], as Certificate Administrator, [trustee],
as Trustee, and [Asset Representations Reviewer], as Asset Representations Reviewer.

 

PRELIMINARY
STATEMENT:

(Terms used but not defined in this Preliminary

Statement shall have the meanings

specified in Article I hereof)

 

The
Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes which in the aggregate will evidence
the entire ownership interest in the Trust Fund consisting primarily of the Mortgage Loans and a separate trust companion loan
interest in one commercial Mortgage Loan. As provided herein, the Certificate Administrator will elect that three segregated portions
of the Trust Fund (other than the Class [A] Specific Grantor Trust Assets, the Class [B] Specific Grantor Trust Assets, the Excess
Interest Grantor Trust Assets, the Class [C] Specific Grantor Trust Assets, the Class [EC] Specific Grantor Trust Assets and the
proceeds of the foregoing) be treated for federal income tax purposes as three separate REMICs (designated as the “Upper-Tier
REMIC”, the “Lower-Tier REMIC” and the “[Loan-specific]
Trust Subordinate Companion Loan REMIC”, respectively). The Regular Certificates and the Class [EC] Regular Interests
will represent “regular interests” in the Upper-Tier REMIC, and the Upper-Tier Residual Interest will be the sole
class of “residual interests” in the Upper-Tier REMIC.

 

There
are also (i) [__] classes of uncertificated Lower-Tier Regular Interests issued under this Agreement (designated as the Class
[UNCERTIFICATED INTERESTS] Interests), each of which will constitute a class of “regular interests” in the Lower-Tier
REMIC, and (ii) the Lower-Tier Residual Interest, which will be the sole class of “residual interests” in the Lower-Tier
REMIC.

 

The
Lower-Tier Regular Interests will be held by the Trustee as assets of the Upper-Tier REMIC. The Class [R] Certificates will represent
both the Lower-Tier Residual Interest and the Upper-Tier Residual Interest.

 

The
parties intend that (i) the portion of the Trust Fund representing the Class [A-S] Specific Grantor Trust Assets, the Class [B]
Specific Grantor Trust Assets, the Class [C] Specific Grantor Trust Assets, the Class [EC] Specific Grantor Trust Assets, the
Excess Interest Grantor Trust Assets and the proceeds of the foregoing will be treated as assets of a grantor trust under subpart
E of Part I of subchapter J of the Code and (ii) the beneficial interests in such grantor trust will be represented by the Class
[A] Certificates, the Class [B] Certificates, the Class [C] Certificates, the Class [EC] Certificates and the Excess Interest
Certificates.

 

      

     

    

 

[LOAN-SPECIFIC]
TRUST SUBORDINATE COMPANION LOAN REMIC

 

The
[LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC will hold the [LOAN-SPECIFIC] Trust Subordinate Companion Loan and the
proceeds of such Trust Subordinate Companion Loan, together with its allocable share of any related property acquired by foreclosure
or deed-in-lieu of foreclosure and will issue the Class [LOAN-SPECIFIC] Certificates as the “regular interests” in
the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC and an uncertificated [LOAN-SPECIFIC]-R Interest represented by the
Class [R] Certificates, as the sole class of residual interests in the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC.
Any [LOAN-SPECIFIC] Available Funds remaining in the [LOAN-SPECIFIC] REMIC Distribution Account after all required distributions
under this Agreement have been made to the Class [LOAN-SPECIFIC] Certificates will be deemed distributed to the [LOAN-SPECIFIC]-R
Interest and shall be payable to the Holders of the Class [R] Certificates.

 

UPPER-TIER
REMIC

 

The
following table sets forth the Class designation, the approximate initial pass-through rate and the aggregate initial principal
amount (the “Original Certificate Balance”) or, in the case of the Class [X-A]
Certificates, notional amount (the “Original Notional Amount”), as applicable, for each Class of Certificates
and each Class [EC] Regular Interest comprising or evidencing the interests in the Upper-Tier REMIC created hereunder:

 

	Class
Designation
	Approximate

Initial

Pass-Through Rate

(per annum)
	Original

Certificate Balance / Original 

Notional Amount

	[Class
    [A-1]]	[_____]%	$[________]
	[Class
    [A-2]]	[_____]%	$[________]
	[Class
    [A-3]]	[_____]%	$[________]
	[Class
    [A-4]]	[_____]%	$[________]
	[Class
    [A-AB]]	[_____]%	$[________]
	[Class
    [X-A]](1)	[_____]%	$[________]
	[Class
    [A-S]] Regular Interest	[_____]%	$[________]
	[Class
    [B]] Regular Interest	[_____]%	$[________]
	[Class
    [C]] Regular Interest	[_____]%	$[________]
	[Class
    [D]]	[_____]%	$[________]
	[Class
    [E]]	[_____]%	$[________]
	[Class
    [F]]	[_____]%	$[________]
	[Class
    [G]]	[_____]%	$[________]
	[Class
    [H]]	[_____]%	$[________]
	[Class
    [VRR]](2)	(3)	$[________]
	[Class
    [R]](4)	N/A	N/A

 

    -2- 

     

    

 

 

		(1)	The
                                         Class [X-A] Certificates [repeat for each interest-only
                                         class] will not have a Certificate Balance; rather, such Class of Certificates
                                         will accrue interest as provided herein on the related Notional Amount.

 

		(2)	[The
                                         Class [VRR Certificates] collectively constitute the VRR Interest and evidence the Class
                                         VRR Upper-Tier Regular Interest. The VRR Interest represents approximately [__]% of the
                                         aggregate initial certificate balance of all of the “ABS interests” (as defined
                                         in Regulation RR) issued by the Turst on the Closing date, and constitutes an “eligible
                                         vertical interest” (as defined in Regulation RR) in the form of a “single
                                         vertical security” (as defined in Regulation RR) with an initial certificate balance
                                         of approximately $[_________]] [INCLUDE FOR TRANSACTIONS WHERE THE SPONSOR SATISFIES
                                         ALL OR PART OF ITS RISK RETENTION OBLIGATIONS THROUGH RETENTION OF A VERTICAL INTEREST
                                         IN THE FORM OF A SINGLE VERTICAL SECURITY.]

 

		(3)	[Other
                                         than for tax reporting purposes, the Class VRR Certificates will not have a Pass-Through
                                         Rate. For tax reporting purposes, the Class VRR Certificates (insofar as they evidence
                                         the Class VRR Upper-Tier Regular Interest) will accrue interest at the WAC Rate in effect
                                         from time to time.] [INCLUDE FOR TRANSACTIONS WHERE THE SPONSOR SATISFIES ALL OR PART
                                         OF ITS RISK RETENTION OBLIGATIONS THROUGH RETENTION OF A VERTICAL INTEREST IN THE FORM
                                         OF A SINGLE VERTICAL SECURITY.]

 

		(4)	The
                                         Class [R] Certificates will not have a Certificate Balance or Notional Amount, will not
                                         bear interest and will not be entitled to distributions of Yield Maintenance Charges.
                                         Any Available Funds remaining in the Lower-Tier Distribution Account and the Upper-Tier
                                         Distribution Account, after all required distributions under this Agreement have been
                                         made with respect to the Regular Certificates and the Class [EC] Regular Interests, will
                                         be distributed to the Holders of the Class [R] Certificates.

 

    -3- 

     

    

 

LOWER-TIER
REMIC

 

The
following table sets forth the Class designation, the corresponding Lower-Tier Regular Interest (the “Corresponding Lower-Tier
Regular Interest”) and its original Lower-Tier Principal Balance, and the corresponding component of the Class [X] Certificates
(the “Corresponding Component”) for each Class of Regular Certificates and each Class [EC] Regular Interest.
Each Class of Regular Certificates (other than the Class [X] Certificates) and each Class [EC] Regular Interest constitutes the
“Corresponding Certificates” with respect to that Class’ or Class [EC] Regular Interest’s Corresponding
Lower-Tier Regular Interest and Corresponding Component.

 

	Class
Designation
	Corresponding

Lower-Tier Regular 

Interest(1)(2)
	Original
Lower-Tier

 Principal Balance
	Corresponding

Component(2)

	[Class
    A-1]	[LA-1]	$[________]	[Class
    A-1]
	[Class
    A-2]	[LA-2]	$[________]	[Class
    A-2]
	[Class
    A-3]	[LA-3]	$[________]	[Class
    A-3]
	[Class
    A-4]	[LA-4]	$[________]	[Class
    A-4]
	[Class
    A-AB]	[LA-AB]	$[________]	[Class
    A-AB]
	[Class
    A-S] Regular

     Interest	[LA-S]	$[________]	[Class
    A-S]
	[Class
    B] Regular 

     Interest	[LB]	$[________]	N/A
	[Class
    C] Regular 

     Interest	[LC]	$[________]	N/A
	[Class
    D]	[LD]	$[________]	N/A
	[Class
    E]	[LE]	$[________]	N/A
	[Class
    F]	[LF]	$[________]	N/A
	[Class
    G]	[LG]	$[________]	N/A
	[Class
    H]	[LH]	$[________]	N/A
	[Class
    VRR]	[LVRR]	$[________]	N/A

 

 

		(1)	The
                                         interest rate of each Lower-Tier Regular Interest is the [WAC Rate].

 

		(2)	The
                                         Corresponding Lower-Tier Regular Interest and Corresponding Component with respect to
                                         any Class of Regular Certificates or any Class [EC] Regular Interest are also the Corresponding
                                         Lower-Tier Regular Interest and Corresponding Component with respect to each other.

 

GRANTOR
TRUST

 

The
portions of the Trust Fund consisting of the Class [A-S] Specific Grantor Trust Assets, the Class [B] Specific Grantor Trust Assets,
the Class [C] Specific Grantor Trust Assets, the Class [EC] Specific Grantor Trust Assets and the Excess Interest Grantor Trust
Assets shall be treated as a grantor trust under subpart E, part I of subchapter J of the Code (the “Grantor Trust”)
for federal income tax purposes. The Class [A-S] Certificates shall represent undivided beneficial interests in the portion of
the Grantor Trust consisting of the Class [A-S] Specific Grantor Trust Assets. The Class [B] Certificates shall represent undivided
beneficial interests in the portion of the Grantor Trust consisting of the Class [B] Specific Grantor Trust Assets. The Class
[EC] Certificates shall represent undivided beneficial interests in the portion 

 

    -4- 

     

    

 

of the Grantor Trust consisting of the Class [EC]
Specific Grantor Trust Assets. The Class [C] Certificates shall represent undivided beneficial interests in the portion of the
Grantor Trust consisting of the Class [C] Specific Grantor Trust Assets. The Excess Interest Certificates shall represent undivided
beneficial interests in the portion of the Grantor Trust consisting of the Excess Interest Grantor Trust Assets. As provided herein,
the Certificate Administrator shall not take any actions that would cause the Grantor Trust to either (i) lose its status as a
“grantor trust” or (ii) be treated as part of any Trust REMIC.

 

The
following table sets forth the Class designation, the approximate initial Pass-Through Rate and the Original Certificate Balance
for each Class of Exchangeable Certificates representing a beneficial ownership interest in one or more of the Class [EC] Regular
Interests:

 

	Class
Designation
	Approximate
Initial 

Pass-Through Rate 

(per annum)
	Original
Certificate 

Balance

	Class
    [A-S](1)	[_____]%	$[_____]
	Class
    [B](2)	[_____]%	$[_____]
	Class
    [EC](3)	N/A(4)	$[_____]
	Class
    [C](5)	[_____]%	$[_____]

 

		(1)	The
                                         Class [A-S] Certificates represent a beneficial ownership interest in the Class [A-S]
                                         Percentage Interest of the Class [A-S] Regular Interest. The aggregate Certificate Balance
                                         of the Class [A-S] Certificates and the Class [EC] Component [A-S] will at all times
                                         equal the Certificate Balance of the Class [A-S] Regular Interest.

 

		(2)	The
                                         Class [B] Certificates represent a beneficial ownership interest in the Class [B] Percentage
                                         Interest of the Class [B] Regular Interest. The aggregate Certificate Balance of the
                                         Class [B] Certificates and the Class [EC] Component [B] will at all times equal the Certificate
                                         Balance of the Class [B] Regular Interest.

 

		(3)	The
                                         Class [EC] Certificates represent a beneficial ownership interest in the Class [A-S]-EC
                                         Percentage Interest of the Class [A-S] Regular Interest, the Class [B-EC] Percentage
                                         Interest of the Class [B] Regular Interest and the Class [C-EC] Percentage Interest of
                                         the Class [C] Regular Interest.

 

		(4)	The
                                         Class [EC] Certificates will not have a Pass-Through Rate, but will be entitled to receive
                                         the sum of the interest distributable on the Class [EC] Percentage Interest of the Class
                                         [EC] Regular Interests.

 

		(5)	The
                                         Class [C] Certificates represent a beneficial ownership interest in the Class [C] Percentage
                                         Interest of the Class [C] Regular Interest. The aggregate Certificate Balance of the
                                         Class [C] Certificates and the Class [EC] Component [C] will at all times equal the Certificate
                                         Balance of the Class [C] Regular Interest.

 

LOAN
COMBINATIONS

 

The
following table (the “Loan Combination Table”) identifies, by loan number for the related Mortgage Loan and
name of the related Mortgaged Property or portfolio of Mortgaged Properties (in each case as set forth on the Mortgage Loan Schedule),
each of the Loan Combinations related to the Trust as of the Closing Date, and further, with respect to each such Loan Combination,
sets forth or otherwise identifies as of the Closing Date: (1) whether the subject Loan Combination is a Serviced Loan Combination,
an Outside Serviced Loan Combination or a Servicing Shift Loan Combination; (2) in the case of an Outside Serviced Loan Combination,
the applicable Outside Servicing Agreement; (3) the date of the related Co-Lender Agreement; and (4) the Note(s) that evidences
or collectively evidence, as applicable, (a) the related Mortgage Loan, (b) any related Pari Passu Companion Loan(s) and (c) any
related Subordinate Companion Loan(s).

 

    -5- 

     

    

 

	Loan
    No. for related Mortgage

     Loan 	Name
    of related 

Mortgaged 

Property or 

Portfolio of 

Mortgaged 

Properties	Servicing

     Type 	Outside
    

Servicing Agreement	Date
    of 

    Co-Lender Agreement	Mortgage

     Loan 	Pari
    Passu Companion

     Loans(s) 	Subordinate
    Companion

     Loan(s) 
	[__]	[________]	[Servicing
    Shift(1)]	[N/A(2)]	[________]	[________]	[________]	[________]
	[__]	[________]	[Serviced]	[N/A]	[________]	[________]	[________]	[________]
	[__]	[________]	[Outside
    Serviced]	[________]	[________]	[________]	[________]	[________]

 

 

		[(1)	The
related Servicing Shift Lead Note is Note [___].

		[(2)	As
of the Closing Date, a Servicing Shift Loan Combination will be a Serviced Loan Combination serviced pursuant to this Agreement.
On and after the related Servicing Shift Date, a Servicing Shift Loan Combination will be an Outside Serviced Loan Combination
serviced pursuant to the Outside Servicing Agreement governing the securitization of the related Pari Passu Companion Loan evidenced
by the related Servicing Shift Lead Note.]

		(#)	[INSERT
OTHER APPROPRIATE FOOTNOTES]

 

CREDIT
RISK RETENTION

 

[On
the Closing Date, pursuant to the [_______] Mortgage Loan Purchase Agreement, [RETAINING SPONSOR] will receive, as partial consideration
for the Mortgage Loans and/or portions thereof that [RETAINING SPONSOR] is transferring to the Depositor, $[___________] of the
VRR Interest (such portion of the VRR Interest, the “VRR1 Interest”).]

 

[On
the Closing Date, pursuant to the [________] Mortgage Loan Purchase Agreement, [NAME OF 20% ORIGINATOR], an “originator”
(within the meaning of Regulation RR) of Mortgage Loans and/or portions thereof representing [____]% of the aggregate Cut-off
Date Balance of all the Mortgage Loans, will receive from the Depositor $[___________] of the VRR Interest (such portion of the
VRR Interest, the “VRR2 Interest”), in exchange for a reduction in the price that [NAME OF 20% ORIGINATOR]
is to receive for its sale to the Depositor of the Mortgage Loans and/or portions thereof that it is transferring to the Depositor.]

 

[On
the Closing Date, pursuant to the [________] Mortgage Loan Purchase Agreement, [NAME OF 20% ORIGINATOR], an “originator”
(within the meaning of Regulation RR) of Mortgage Loans and/or portions thereof representing [____]% of the aggregate Cut-off
Date Balance of all the Mortgage Loans, will receive from the Depositor $[___________] of the VRR Interest (such portion of the
VRR Interest, the “VRR3 Interest”), in exchange for a reduction in the price that [NAME OF 20% ORIGINATOR]
is to receive for its sale to the Depositor of the Mortgage Loans and/or portions thereof that it is transferring to the Depositor.]

 

[On
the Closing Date, the [Third Party Purchaser][initial Retaining TPP MOA] is purchasing from the Initial Purchasers for cash the
Class [IDENTIFY CLASS(ES) CONSTITUTING THE ELIGIBLE HORIZONTAL RESIDUAL INTEREST] Certificates. The 

 

    -6- 

     

    

 

Class [IDENTIFY CLASS(ES)
CONSTITUTING THE ELIGIBLE HORIZONTAL RESIDUAL INTEREST] Certificates that the [Third Party Purchaser][initial Retaining TPP MOA]
is purchasing are collectively referred to in this Agreement as the “HRR Interest.”]

 

As
of the Cut-Off Date, the Mortgage Loans have an aggregate Stated Principal Balance equal to approximately $[__________]. The principal
balance of the Trust Subordinate Companion Loan as of the Cut-off Date was approximately $[__________].

 

In
consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor, the Certificate Administrator and the Trustee agree as follows:

 

Article
I

DEFINITIONS

 

Section
1.01          Defined Terms. Whenever used in this Agreement, the following
words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article.

 

“10-K
Filing Deadline”: As defined in Section 10.05 of this Agreement.

 

“AB
Control Appraisal Period”: With respect to any Trust Subordinate Companion Loan, the period during which (a)(i) the
initial principal balance of the related Trust Subordinate Companion Loan minus (ii) the sum of (x) any payments of principal
allocated to, and received on, the related Trust Subordinate Companion Loan, (y) any Appraisal Reduction Amounts for an AB Loan
Combination that are allocated to the related Trust Subordinate Companion Loan and (z) any losses realized with respect to the
related Mortgaged Property or AB Loan Combination that are allocated to the related Trust Subordinate Companion Loan, is less
than (b) 25% of the remainder of the (i) initial principal balance of the related Trust Subordinate Companion Loan less (ii) any
payments of principal allocated to, and received by, the holders of the related Trust Subordinate Companion Loan. [With respect
to any AB Loan Combination, the period during which the holder of any AB Subordinate Companion Loan is the AB Loan Combination
Controlling Holder. With respect to the [LOAN-SPECIFIC] AB Loan Combination, the [LOAN-SPECIFIC] Control Appraisal Period.]

 

“AB
Intercreditor Agreement”: Any intercreditor agreement by and among the holder of a Subordinate Companion Loan and the
holder of the related Mortgage Loan, relating to the relative rights of such holders of the AB Loan Combination, as the same may
be further amended in accordance with the terms thereof.

 

“AB
Loan Combination”: A Loan Combination that includes a Subordinate Companion Loan. [There are no AB Loan Combinations
related to the Trust and all references in this Agreement to “AB Loan Combinations” shall be disregarded.][The only
AB Loan Combination related to the Trust as of the Closing is the [_______] Loan Combination.]

 

    -7- 

     

    

 

“AB
Loan Combination Controlling Holder”: The “Directing Lender” or similarly defined party identified in the
related AB Intercreditor Agreement.

 

AB
Modified Loan”: Any Corrected Loan (1) that became a Corrected Loan (which includes for purposes of this definition
any Outside Serviced Mortgage Loan that became a “corrected loan” (or any term substantially similar thereto) pursuant
to the related Outside Servicing Agreement) due to a modification thereto that resulted in the creation of an A/B note structure
(or similar structure) and as to which the new junior note(s) did not previously exist or the principal amount of the new junior
note(s) was previously part of either an A note held by the Trust or the original unmodified Mortgage Loan and (2) as to which
an Appraisal Reduction Amount is not in effect.

 

“Accelerated
Mezzanine Loan”: A mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in a Mortgagor under
a Mortgage Loan or Loan Combination) if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure
proceedings against the equity collateral pledged to secure that mezzanine loan.

 

“Acceptable
Insurance Default”: With respect to any Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination),
any Default arising when the related Loan Documents require that the related Mortgagor must maintain all risk casualty insurance
or other insurance that covers damages or losses arising from acts of terrorism and the Special Servicer has determined, in its
reasonable judgment in accordance with the Servicing Standard (and, with the consent of the related Directing Holder, unless (if
the Controlling Class Representative is the related Directing Holder) a Control Termination Event has occurred and is continuing)
(or, with respect to the Trust AB Loan Combination, and prior to the occurrence and continuance of any related AB Control Appraisal
Period, with the consent of the related Subordinate Loan-Specific Directing Certificateholder to the extent required under the
related intercreditor agreement) (or, with respect to a Serviced AB Loan Combination, and prior to any related AB Control Appraisal
Period, with the consent of the related AB Loan Combination Controlling Holder to the extent required under the related intercreditor
agreement), that (i) such insurance is not available at commercially reasonable rates and the subject hazards are not commonly
insured against by prudent owners of similar real properties located in or near the geographic region in which the Mortgaged Property
is located (but only by reference to such insurance that has been obtained by such owners at current market rates), or (ii) such
insurance is not available at any rate; provided, however, that the related Directing Holder (or with respect to
the Trust AB Loan Combination, and prior to any related AB Control Appraisal Period, with the consent of the related Subordinate
Loan-Specific Directing Certificateholder to the extent required under the related intercreditor agreement) (or, with respect
to a Serviced AB Loan Combination, the AB Loan Combination Controlling Holder prior to any AB Control Appraisal Period to the
extent required under the related intercreditor agreement) shall have no more than 30 days to respond to the Special Servicer’s
request for such consent; provided, further, that upon the Special Servicer’s determination, consistent with
the Servicing Standard, that exigent circumstances do not allow the Special Servicer to consult with the related Directing Holder,
the related Subordinate Loan-Specific Directing Certificateholder or any applicable AB Loan Combination Controlling Holder, as
applicable, the Special Servicer shall not be required to do so. In making this determination, the Special Servicer, to the extent
consistent with the Servicing Standard, may rely on the opinion of an insurance consultant.

 

    -8- 

     

    

 

“Acceptance
Notice”: As defined in Section 3.32(g) of this Agreement.

 

“Accrued
Component Interest”: With respect to each Component for any Distribution Date, one month’s interest at the Class
[X] Strip Rate applicable to such Component for such Distribution Date, accrued on the Component Notional Amount of such Component
outstanding immediately prior to such Distribution Date. Accrued Component Interest shall be calculated on a 30/360 Basis and,
with respect to any Component and any Distribution Date, shall be deemed to accrue during the calendar month preceding the month
in which such Distribution Date occurs.

 

“Act”
or “Securities Act”: The Securities Act of 1933, as it may be amended from time to time and the rules and regulations
thereunder.

 

“Actual/360
Basis”: Interest accrual on the basis of the actual number of days in a month assuming a 360-day year.

 

“Actual/360
Loans”: The Mortgage Loans and the Trust Subordinate Companion Loan, to the extent indicated as such in the Mortgage
Loan Schedule.

 

“Additional
Disclosure Notification”: The form of notification to be included with any Additional Form 10-D Disclosure, Additional
Form 10-K Disclosure or Form 8-K Disclosure Information which is attached to this Agreement as Exhibit W.

 

“Additional
Form 10-D Disclosure”: As defined in Section 10.04 of this Agreement.

 

“Additional
Form 10-K Disclosure”: As defined in Section 10.05 of this Agreement.

 

“Additional
Information”: As defined in Section 4.02(a) of this Agreement.

 

“Additional
Servicer”: Each Affiliate of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Depositor, any Mortgage Loan Seller or any of the Underwriters that Services any of the Mortgage Loans, each Outside Servicer,
each Outside Special Servicer and each Person, other than the Special Servicer or the Certificate Administrator, who is not an
Affiliate of the Master Servicer, the Certificate Administrator, the Trustee, the Depositor, any Mortgage Loan Seller or any of
the Underwriters who Services 10% or more of the Mortgage Loans by unpaid principal balance calculated in accordance with the
provisions of Regulation AB.

 

“Additional
Trust Fund Expenses”: (i) Special Servicing Fees, Workout Fees and Liquidation Fees, (ii) interest in respect of unreimbursed
Advances, (iii) the cost of various default-related or unanticipated Opinions of Counsel required or permitted to be obtained
in connection with the servicing of the Mortgage Loans and the administration of the Trust Fund, (iv) unanticipated, non-Mortgage
Loan specific expenses of the Trust Fund, including indemnities and expense reimbursements to the Trustee, the Certificate Administrator,
the Master Servicer, the Special Servicer, the Operating Advisor and the Depositor and federal, state and local taxes, and tax-related
expenses, specifically payable out of the Trust Fund and (v) any 

 

    -9- 

     

    

 

other default-related or unanticipated expense of the Trust Fund
that is not covered by an Advance and for which there is no corresponding collection from a Mortgagor.

 

“Administrative
Cost Rate”: As of any date of determination, a per annum rate equal to the sum of the Servicing Fee Rate, the
Certificate Administrator/Trustee Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate
and the CREFC® Intellectual Property Royalty License Fee Rate.

 

“Advance”:
Any P&I Advance or Property Advance.

 

“Advance
Interest Amount”: Interest at the Advance Rate on the aggregate amount of P&I Advances and Property Advances for
which the Master Servicer, the Special Servicer or the Trustee, as applicable, have not been reimbursed for the number of days
from the date on which such Advance was made through, but not including, the date of reimbursement of the related Advance, less
any amount of interest previously paid on such Advance; provided, however, that with respect to any P&I Advance
made prior to the expiration of the related grace period (or, if there is no grace period, on or prior to the related Due Date),
interest on such P&I Advance shall accrue only from and after the expiration of such grace period (or, if there is no grace
period, from and after the related Due Date) and only if the subject Mortgage Loan is then still delinquent; and provided,
further, that interest at the Advance Rate shall not accrue on any Advance made to cover a delinquent Applicable Monthly
Payment that has been received after the Determination Date and prior to 2:00 p.m. (Eastern Time) on the related Master Servicer
Remittance Date.

 

“Advance
Rate”: A per annum rate equal to the Prime Rate, compounded annually.

 

“Affected
Loan(s)”: As defined in Section 2.03(a) of this Agreement.

 

“Affiliate”:
With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified
Person; provided that, solely for the purposes of the definition of “Borrower Party”, the term “Affiliate”
means, with respect to any specified Person, (i) any other Person controlling or controlled by or under common control with such
specified Person or (ii) any other Person that owns, directly or indirectly, 25% or more of the beneficial interests in such specified
Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power
to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities,
by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. The Trustee and/or the Certificate Administrator may obtain and rely on an Officer’s Certificate of the Master
Servicer, the Special Servicer or the Depositor to determine whether any Person is an Affiliate of such party.

 

“Affiliate
Ethical Wall”: Reasonable policies and procedures to be maintained by an Affiliate of the Depositor, the Master Servicer,
the Special Servicer, the Certificate Administrator, the Operating Advisor or the Trustee, as applicable, taking into account
the nature of its business, to ensure (1) that such Affiliate will not obtain Confidential Information from the Depositor, the
Master Servicer, the Special Servicer, the Certificate Administrator, the Operating 

 

    -10- 

     

    

 

Advisor or the Trustee, as applicable, and
(2) that the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating Advisor or the
Trustee, as applicable, will not obtain information regarding Investments in the Certificates from such Affiliate. Under such
policies and procedures maintained by such Affiliate, (i) policies and procedures restricting the flow of information exist, and
shall be maintained by such Affiliate, between such Affiliate, on the one hand and the Depositor, the Master Servicer, the Special
Servicer, the Certificate Administrator, the Operating Advisor or the Trustee, as applicable, on the other; (ii) such policies
and procedures restricting the flow of information operate in both directions so as to include (a) policies and procedures against
the disclosure of Confidential Information from the Depositor, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Operating Advisor or the Trustee, as applicable, to such Affiliate and (b) policies and procedures against the disclosure
of information regarding Investments in Certificates from such Affiliate to the Depositor, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Operating Advisor or the Trustee, as applicable; (iii) the senior management personnel of such
Affiliate who have obtained Confidential Information in the course of their exercise of general managerial responsibilities may
not participate in or use that information to influence Investment Decisions with respect to the Certificates, nor may they pass
that information to others for use in such activities; and (iv) such senior management personnel who have obtained information
regarding Investments in the course of their exercise of general managerial responsibilities may not use that information to influence
servicing recommendations.

 

“Affirmative
Asset Review Vote”: As defined in Section 11.01(a) of this Agreement.

 

“Agreement”:
This Pooling and Servicing Agreement and all amendments hereof and supplements hereto.

 

“A.M.
Best”: A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence,
“A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable
Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator,
the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the
equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

 

“Ancillary
Fees”: With respect to any Serviced Loan, any and all demand fees, beneficiary statement charges, fees for insufficient
or returned checks and other usual and customary charges and fees (other than Modification Fees, Consent Fees, Penalty Charges,
Assumption Fees, assumption application fees and defeasance fees) actually received from the related Mortgagor.

 

“Anticipated
Repayment Date” or “ARD”: With respect to any ARD Mortgage Loan, the date upon which such ARD Mortgage
Loan commences accruing interest at its Revised Rate.

 

“Anticipated
Termination Date”: Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant
to Section 9.01(c) of this Agreement.

 

    -11- 

     

    

 

“Applicable
Laws”: As defined in Section 3.01(l), Section 3.21(g) and Section 8.02(h), respectively, of this
Agreement.

 

“Applicable
Monthly Payment”: For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including
any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided,
however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer
or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate
less the Servicing Fee Rate; and provided, further, that for purposes of determining the amount of any P&I Advance,
the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this
Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar
proceeding involving the related Mortgagor.

 

“Applicant”:
As defined in Section 5.07(a) of this Agreement.

 

“Appraisal”:
An appraisal prepared by an Appraiser, which shall be prepared in accordance with MAI standards.

 

“Appraisal
Reduction Amount”: For any Distribution Date and for any Serviced Mortgage Loan (or Serviced Loan Combination, Trust
Subordinate Companion Loan or Trust AB Loan Combination, if applicable) as to which an Appraisal Reduction Event has occurred
and an Appraisal Reduction Amount is required to be calculated by the Special Servicer (prior to the occurrence of a Consultation
Termination Event in consultation with the Directing Holder and, after the occurrence and during the continuance of a [Control
Termination Event][Operating Advisor Consultation Event], in consultation with the Operating Advisor), an amount (subject to the
operation of the final paragraph of Section 3.10(a)) equal to the excess, if any, of (a) the Stated Principal Balance of
such Serviced Mortgage Loan (or Serviced Loan Combination, Trust Subordinate Companion Loan or Trust AB Loan Combination) as of
the last day of the related Collection Period over (b) the excess of (i) the sum of (A) 90% of the appraised value of the related
Mortgaged Property or Properties (as determined by one or more Appraisals obtained by the Special Servicer (the cost of which
shall be advanced by the Master Servicer as a Property Advance unless such Property Advance would be a Nonrecoverable Advance)),
minus such downward adjustments as the Special Servicer may make in accordance with the Servicing Standard (without implying any
obligation to do so) based upon the Special Servicer’s review of the Appraisal and such other information as the Special
Servicer may deem appropriate and (B) all escrows, letters of credit and reserves in respect of such Serviced Mortgage Loan (or
Serviced Loan Combination, Trust Subordinate Companion Loan or Trust AB Loan Combination) as of the date of the calculation over
(ii) the sum, as of the Due Date occurring in the month of the date of determination, of (A) to the extent not previously advanced
by the Master Servicer or the Trustee, all unpaid interest on such Serviced Mortgage Loan (or Serviced Loan Combination, Trust
Subordinate Companion Loan or Trust AB Loan Combination) at a per annum rate equal to its Mortgage Rate (and with respect
to a Serviced Loan Combination, interest on the related Serviced Companion Loan(s) at the related Mortgage Rate), (B) all unreimbursed
Advances (which shall include, without limitation, (1) any Advances as to which the advancing party was reimbursed from a source
other than the related Mortgagor and (2) any 

 

    -12- 

     

    

 

Unliquidated Advances), with interest thereon at the Advance Rate in respect of such
Serviced Mortgage Loan (or Serviced Loan Combination) and (C) all currently due and unpaid real estate taxes and assessments,
insurance premiums and ground rents, unpaid Special Servicing Fees and all other amounts, due and unpaid with respect to such
Serviced Mortgage Loan (or Serviced Loan Combination, Trust Subordinate Companion Loan or Trust AB Loan Combination) (which taxes,
premiums, ground rents and other amounts have not been the subject of an Advance by the Master Servicer or the Trustee, as applicable,
and/or for which funds have not been escrowed). Promptly upon the occurrence of an Appraisal Reduction Event (or a longer period
so long as the Special Servicer is (as certified thereby to the Trustee in writing) diligently and in good faith proceeding to
obtain such), if an Appraisal has not been obtained within the immediately preceding nine (9) months (or if the Special Servicer
has determined in accordance with the Servicing Standard such Appraisal to be materially inaccurate), the Special Servicer shall
obtain an Appraisal, the costs of which shall be paid by the Master Servicer as a Property Advance (or as an expense of the Trust
Fund and paid by the Master Servicer out of the Collection Account if such Property Advance would be a Nonrecoverable Advance).
The Master Servicer shall provide (via electronic delivery) the Special Servicer with information in its possession that is reasonably
required to calculate or recalculate any Appraisal Reduction Amount pursuant to the definition thereof using reasonable efforts
to deliver such information within four (4) Business Days of the Special Servicer’s reasonable written request. None of
the Master Servicer, the Trustee or the Certificate Administrator shall calculate or verify Appraisal Reduction Amounts. On the
first Determination Date occurring on or after the delivery of such Appraisal, the Special Servicer shall calculate or adjust,
as applicable, the Appraisal Reduction Amount to take into account such Appraisal and such information, if any, reasonably requested
by the Special Servicer from the Master Servicer reasonably required to calculate or recalculate the Appraisal Reduction Amount.
Notwithstanding the foregoing, if an Appraisal is required to be obtained in accordance with Section 3.10(a) of this Agreement
but is not obtained within 120 days following the events described in the applicable clause of the definition “Appraisal
Reduction Event” (without regard to the time periods stated therein), then, until such Appraisal is obtained and solely
for purposes of determining the amounts of P&I Advances, the Appraisal Reduction Amount for or allocable to the related Serviced
Mortgage Loan will equal 25% of the Stated Principal Balance of such related Serviced Mortgage Loan; provided that, upon
receipt of an Appraisal, however, the Appraisal Reduction Amount for such Serviced Mortgage Loan (or Serviced Loan Combination)
will be recalculated in accordance with this definition without regard to this sentence. With respect to each Serviced Loan as
to which an Appraisal Reduction Event has occurred (unless the Serviced Loan has become a Corrected Loan (if a Servicing Transfer
Event had occurred with respect to the related Serviced Loan) and has remained current for three consecutive Monthly Payments,
and with respect to which no other Appraisal Reduction Event has occurred during the preceding three months), the Special Servicer
shall, within 30 days of each anniversary of such Appraisal Reduction Event, order an Appraisal (which may be an update of the
prior Appraisal) (the cost of which will be covered by, and reimbursable as, a Property Advance by the Master Servicer or as an
expense of the Trust Fund and paid by the Master Servicer out of the Collection Account if such Property Advance would be a Nonrecoverable
Advance), provided, however, no new or updated Appraisal will be required if the Serviced Loan or REO Property is
under contract to be sold within 90 days of such Appraisal Reduction Event or anniversary thereof and the Special Servicer reasonably
believes such sale is likely to close. Based upon such Appraisal or letter updates thereto, the

 

    -13- 

     

    

 

 Special Servicer shall determine
and report to the Master Servicer and the Certificate Administrator the Appraisal Reduction Amount, if any, with respect to such
Serviced Mortgage Loan (or Serviced Loan Combination, Trust Subordinate Companion Loan or Trust AB Loan Combination), and each
of those parties shall be entitled to rely conclusively on such determination by the Special Servicer. The Special Servicer shall
deliver a copy of any such Appraisal to the Master Servicer and the Certificate Administrator, which shall be in electronic format.
Each Appraisal Reduction Amount shall also be adjusted with respect to the next Distribution Date to take into account any subsequent
Appraisal and annual letter updates, as of the date of each such subsequent Appraisal or letter update.

 

Upon
payment in full or liquidation of any Serviced Loan for which an Appraisal Reduction Amount has been determined, such Appraisal
Reduction Amount will be eliminated. In addition, with respect to any Serviced Loan, as to which an Appraisal Reduction Event
has occurred, such Serviced Loan shall no longer be subject to the Appraisal Reduction Amount if (a) such Serviced Loan has become
a Corrected Loan (if a Servicing Transfer Event had occurred with respect to the related Serviced Loan) and such Serviced Loan
becomes and remains current for three consecutive Monthly Payments and (b) no other Appraisal Reduction Event has occurred and
is continuing.

 

Appraisal
Reduction Amounts with respect to each Serviced Loan Combination shall be allocated, first, to any related Serviced Subordinate
Companion Loan (up to the outstanding principal balance thereof), and then, to the related Serviced Mortgage Loan and any
related Serviced Pari Passu Companion Loan(s) on a pro rata and pari passu basis in accordance with the respective outstanding
principal balances of such Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan.

 

Notwithstanding
the foregoing, with respect to each Outside Serviced Mortgage Loan, the Appraisal Reduction Amount shall be the portion of any
“Appraisal Reduction Amount” relating to such Outside Serviced Loan Combination, that is calculated pursuant to the
applicable Outside Servicing Agreement by the related Outside Special Servicer or related Outside Servicer, as applicable, and
that is allocable to such Outside Serviced Mortgage Loan pursuant to such Outside Servicing Agreement and the related Co-Lender
Agreement. The parties hereto shall be entitled to rely on such calculations as reported to them by the related Outside Servicer.
By their acceptance of their Certificates, the Certificateholders shall be deemed to have acknowledged that the applicable Outside
Servicing Agreement, and the related Co-Lender Agreement taken together, provide that any such “Appraisal Reduction Amount”
will be calculated under the applicable Outside Servicing Agreement by the applicable party thereto.

 

“Appraisal
Reduction Event”: With respect to any Serviced Loan, Serviced Loan Combination, Trust Subordinate Companion Loan and
Trust AB Loan Combination, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on
which such Serviced Loan, Companion Loan or Trust Subordinate Companion Loan is 60 days or more delinquent in respect of any Monthly
Payment, except for a Balloon Payment, (iii) in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after
the date on which such Balloon Payment was due (except as described in clause B below) or (B) if the related Mortgagor has delivered
to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall
promptly deliver a copy thereof to the Master 

 

    -14- 

     

    

 

Servicer) a refinancing commitment acceptable to the Special Servicer prior to the
date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due
(or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur),
(iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed
and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor
is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or
similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan, Companion Loan or Trust
Subordinate Companion Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section
3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of
a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced
Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced
Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage
Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event
may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the
Class [A-1], Class [A-2], Class [A-3], Class [A-4] and Class [A-AB] Certificates) has been reduced to zero. The Special Servicer
shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence
of any of the foregoing events.

 

“Appraised
Value”: As of any date of determination, (i) with respect to any Mortgaged Property (other than a Mortgaged Property
securing an Outside Serviced Mortgage Loan), the appraised value thereof based upon an appraisal or update thereof prepared by
an Appraiser that is contained in the related Servicing File obtained within the time parameters required by this Agreement, and
(ii) with respect to each Mortgaged Property securing an Outside Serviced Mortgage Loan, the appraised value allocable thereto,
as determined pursuant to the Outside Servicing Agreement.

 

“Appraised-Out
Class”: Any Class of Control Eligible Certificates the Certificate Balance of which (taking into account the allocation
of any Appraisal Reduction Amounts or Collateral Deficiency Amounts to notionally reduce the Certificate Balance of such Class)
has been reduced to less than 25% of its initial Certificate Balance.

 

“Appraiser”:
An Independent nationally recognized professional commercial real estate appraiser who (i) is a member in good standing of the
Appraisal Institute, (ii) if the state in which the related Mortgaged Property is located certifies or licenses appraisers, is
certified or licensed in such state, and (iii) has a minimum of five years’ experience in the related property type and
market.

 

“Arbitration
Rules”: As defined in Section 2.03(i)(i) of this Agreement

 

“ARD
Mortgage Loan”: Any Mortgage Loan that is identified as having an Anticipated Repayment Date and a Revised Rate on the
Mortgage Loan Schedule.

 

    -15- 

     

    

 

“Asset
Representations Reviewer”:          [Asset Representations Reviewer], a [_______________],
and its successors-in-interest.

 

“Asset
Representations Reviewer Asset Review Fee”: As defined in Section 11.02(b).

 

“Asset
Representations Reviewer Ongoing Fee”: As defined in Section 11.02(a).

 

“Asset
Representations Reviewer Ongoing Fee Rate”: As defined in Section 11.02(a).

 

“Asset
Representations Reviewer Termination Event”: As defined in Section 11.05(a) of this Agreement.

 

“Asset
Review”: A review of the compliance of each Delinquent Loan with certain representations and warranties of the applicable
Mortgage Loan Seller, in accordance with the Asset Review Standard and the procedures set forth on Exhibit [JJ] hereto.

 

“Asset
Review Notice”: As defined in Section 11.01(b) of this Agreement.

 

“Asset
Review Quorum”: In connection with any solicitation of votes to authorize an Asset Review as described in Section 11.01(a),
the Certificateholders evidencing at least 5% of the aggregate Voting Rights represented by all Certificates.

 

“Asset
Review Report”: A report setting forth the results of an Asset Review substantially in the form attached hereto as Exhibit
[II].

 

“Asset
Review Standard”: The performance of the Asset Representations Reviewer of its duties under this Agreement in good faith
subject to the express terms of this Agreement. All determinations or assumptions made by the Asset Representations Reviewer in
connection with an Asset Review shall be made in the Asset Representations Reviewer’s good faith discretion and judgment
based on the facts and circumstances known to it at the time of such determination or assumption.

 

“Asset
Review Trigger”: Any time when, as of the end of the applicable Collection Period, either (1) Mortgage Loans with an
aggregate outstanding principal balance of [__]% or more of the aggregate outstanding principal balance of all of the Mortgage
Loans (including any REO Mortgage Loans) held by the Trust are Delinquent Loans, or (2) at least [__] [insert number that is [__]%
by initial number of Mortgage Loans as of the Closing Date] Mortgage Loans are Delinquent Loans and the aggregate outstanding
principal balance of such Delinquent Loans constitutes at least [__]% of the aggregate outstanding principal balance of all of
the Mortgage Loans (including any REO Mortgage Loans) held by the Trust.

 

“Asset
Review Vote Election”: As defined in Section 11.01(a) of this Agreement

  

    -16- 

     

    

 

“Asset
Status Report”: As defined in Section 3.21(b) of this Agreement.

 

“Assignment
of Leases”: With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement
executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation,
leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered,
as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

 

“Assumed
Scheduled Payment”: For any Collection Period and with respect to any Mortgage Loan (including the Outside Serviced
Mortgage Loan) or Trust Subordinate Companion Loan, as the case may be, that is delinquent in respect of its Balloon Payment or
any REO Mortgage Loan, is an amount equal to [the sum of (a) the principal portion of the Monthly Payment that would have been
due on such Mortgage Loan or REO Mortgage Loan on the related Due Date based on the constant payment required by such related
Mortgage Note or the original amortization schedule of the Mortgage Loan or Trust Subordinate Companion Loan, as the case may
be (as calculated with interest at the related Mortgage Rate), if applicable, assuming the related balloon payment has not become
due, after giving effect to any reduction in the principal balance occurring in connection with a modification, a default or a
bankruptcy modification (or similar proceeding), and (b) interest on the Stated Principal Balance of that Mortgage Loan, Trust
Subordinate Companion Loan or REO Mortgage Loan (excluding, for purposes of any P&I Advances, the portion allocable to any
related Companion Loan) at its Mortgage Rate (net of interest at the applicable rate at which the Servicing Fee is calculated)].

 

“Assumption
Fees”: With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), any and all assumption
fees of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) for transactions effected under Section 3.09(a),
3.09(b) and 3.09(c) of this Agreement (excluding assumption application fees), actually paid by the related Mortgagor
and other applicable fees (not including assumption fees and/or assumption application fees) actually paid by the related Mortgagor
in accordance with the related Loan Documents, with respect to any assumption or substitution agreement entered into by the Master
Servicer or the Special Servicer on behalf of the Trust (or, in the case of a Serviced Loan Combination, on behalf of the Trust
and the related Serviced Companion Loan Holder(s)) pursuant to Section 3.09(a) of this Agreement or paid by the related
Mortgagor with respect to any transfer of an interest in such Mortgagor pursuant to Section 3.09(a) of this Agreement.

 

“Authenticating
Agent”: Any authenticating agent appointed by the Certificate Administrator pursuant to Section 5.09 of this
Agreement.

 

“Available
Funds”: With respect to any Distribution Date, an amount equal to the sum of (without duplication):

 

(a)       the
aggregate amount of all cash received on the Mortgage Loans and any REO Property that is on deposit in the Collection Account
(in each case, exclusive of any amount on deposit in or credited to any portion of the Collection Account that is [allocable to
the Trust Subordinate Companion Loan or otherwise] held for the benefit of the holder of any related Companion Loan) [or the Lower-Tier
REMIC Distribution 

 

    -17- 

     

    

 

Account] as of [the close of business on the Business Day immediately preceding] the Master Servicer Remittance
Date, exclusive of any portion of the foregoing that represents (without duplication):

 

(i)   
    Monthly Payments that are due on a Due Date that occurs after the end of the related Collection
Period;

 

(ii)       payments
(scheduled or otherwise) of principal (including prepayments) and interest, net liquidation proceeds, net insurance proceeds and
net condemnation proceeds and other unscheduled recoveries that were received [after the related Determination Date [(other than
the monthly remittance on the Outside Serviced Mortgage Loans or the Issuing Entity’s interest in any related REO Property
contemplated by clause (b) of this definition];

 

(iii)      amounts
in the Collection Account [or Lower-Tier REMIC Distribution Account] that are due or reimbursable to any person other than the
Certificateholders;

 

(iv)      with
respect to each [Actual/360 Loan] and any Distribution Date occurring in January (other than during a leap year) or February of
any calendar year (unless such Distribution Date is the final Distribution Date), the related Withheld Amount to the extent those
funds are on deposit in the Collection Account;

 

(v)       Excess
Interest allocable to the Mortgage Loans [that are ARD Loans] (which is separately distributed to holders of the Class [ARD] certificates
[and the VRR Interest]);

 

(vi)      Yield
Maintenance Charges and prepayment premiums;

 

(vii)     amounts
deposited in the Collection Account [or the Lower-Tier REMIC Distribution Account] in error; and/or

 

(viii) 
  late payment charges or accrued interest on a Mortgage Loan allocable to the default interest rate for such
Mortgage Loan, to the extent permitted by law, excluding any interest calculated at the Mortgage Rate for the related
Mortgage Loan;

 

(b)       if
and to the extent not already included in clause (a) of this definition, [(i)] the aggregate amount allocable to the Mortgage
Loans transferred from the REO Account to the Collection Account for such Distribution Date [and (ii) the remittance received
on the Outside Serviced Mortgage Loans or the Issuing Entity’s interest in any related REO Property in the month of such
Distribution Date, to the extent that each such transfer is made or such remittance is received by the close of business on the
Business Day immediately preceding the related Master Servicer Remittance Date];

 

(c)       all
Compensating Interest Payments made by the Master Servicer with respect to the Mortgage Loans with respect to such Distribution
Date and P&I Advances 

 

    -18- 

     

    

 

made by the Master Servicer or the Trustee, as applicable, with respect to the Distribution Date (net
of certain amounts that are due or reimbursable to persons other than the Certificateholders); and

 

(d)       with
respect to each [Actual/360 Loan] and any Distribution Date occurring in each March (or February, if such Distribution Date is
the final Distribution Date), the related Withheld Amounts as required to be deposited in the [Lower Tier REMIC Distribution Account].

 

Notwithstanding
the investment of funds held in the Collection Account or the Lower Tier Distribution Account pursuant to Section 3.07
of this Agreement, for purposes of calculating the Available Funds, the amounts so invested shall be deemed to remain on deposit
in such account. [IF CREDIT RISK RETENTION IS TO BE HELD IN WHOLE OR IN PART IN THE FORM OF A SINGLE VERTICAL SECURITY FOR PURPOSES
OF REGULATION RR, PROVISIONS WILL BE ADDED AS REGARDS HOW AVAILABLE FUNDS WILL BE ALLOCATED BETWEEN THE VERTICAL INTEREST AND
THE OTHER CLASSES ENTITLED TO RECEIVE PAYMENTS FROM THE AVAILABLE FUNDS.]

 

“Balloon
Loan”: Any Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan that by its original terms or
by virtue of any modification provides for an amortization schedule extending beyond its Maturity Date, unless such extension
results solely from the accrual of interest on the basis of the actual number of days elapsed in a year of 360 days, notwithstanding
calculation of Monthly Payments based on a 360-day year consisting of twelve 30-day months.

 

“Balloon
Payment”: With respect to any Balloon Loan as of any date of determination, the amount outstanding on the Maturity Date
of such Mortgage Loan in excess of the related Monthly Payment.

 

“Base
Interest Fraction”: With respect to any Principal Prepayment on any Mortgage Loan and with respect to any Class of Class
[A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB] and Class [D] Certificates or any Class [EC] Regular Interest, a fraction
(a) whose numerator is the amount, if any, by which (i) the Pass-Through Rate on such Class of Certificates or Class [EC] Regular
Interest exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance
Charge with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance
of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described
in the related Loan Documents) and (b) whose denominator is the amount, if any, by which (i) the Mortgage Rate on such Mortgage
Loan exceeds (ii) the discount rate used in accordance with the related Loan Documents in calculating the Yield Maintenance Charge
with respect to such Principal Prepayment (or, if the Yield Maintenance Charge is a fixed percentage of the principal balance
of the related Mortgage Loan, the yield rate applicable to any related yield maintenance charge or that is otherwise described
in the related Loan Documents); provided, however, that under no circumstances shall the Base Interest Fraction
be greater than one. If the discount rate referred to in the preceding sentence is greater than or equal to both of (x) the Mortgage
Rate on the related Mortgage Loan and (y) the Pass-Through Rate described in the preceding sentence, then the Base Interest 

 

    -19- 

     

    

 

Fraction
shall equal zero, and if such discount rate is greater than or equal to the Mortgage Rate on such Mortgage Loan, but less
than the Pass-Through Rate described in the preceding sentence, then the Base Interest Fraction shall equal one.

 

“Borrower
Delayed Reimbursements”: Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor
is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related
Mortgage Loan.

 

“Borrower
Party”: Either (i) a borrower under a Mortgage Loan or Loan Combination, a Mortgagor or a manager of a related Mortgaged
Property or any Affiliate of any of the foregoing or (ii) a holder or beneficial owner (or an Affiliate of any holder or beneficial
owner) of any Accelerated Mezzanine Loan.

 

“Breach”:
As defined in Section 2.03(a) of this Agreement.

 

“Business
Day”: Any day other than a Saturday, a Sunday or any day on which the New York Stock Exchange, the Federal Reserve Bank
of New York or banking institutions in the States of [___________], the cities in which the principal offices of the Operating
Advisor, the Master Servicer or the Special Servicer are located, or the city in which the Corporate Trust Office of the Certificate
Administrator or the Trustee is located, are authorized or obligated by law, executive order or governmental decree to be closed.

 

“Calculation
Rate”: A discount rate appropriate for the type of cash flows being discounted, namely (i) for principal and interest
payments on a Mortgage Loan or proceeds from the sale of a Defaulted Mortgage Loan, the highest of (1) the rate determined by
the Master Servicer or the Special Servicer, as applicable, that approximates the market rate that would be obtainable by the
Mortgagors on similar debt of the Mortgagors as of such date of determination, (2) the Mortgage Rate and (3) the yield on 10-year
U.S. treasuries and (ii) for all other cash flows, including property cash flow, the “discount rate” set forth in
the most recent Appraisal (or update of such Appraisal).

 

“Certificate”:
Any Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB], Class [X-A], Class [A-S], Class [B], Class [EC], Class [C],
Class [D], Class [E], Class [F], Class [G], Class [H], Class [ARD], Class [R] Certificate and Class [LOAN-SPECIFIC] Certificates
issued, authenticated and delivered hereunder.

 

“Certificate
Administrator”: [certificate administrator], a [________________], or
its successor in interest, or any successor Certificate Administrator appointed as herein provided.

 

“Certificate
Administrator Accounts”: As defined in Section 3.07(a) of this Agreement.

 

“Certificate
Administrator Personnel”: The divisions and individuals of the Certificate Administrator who are involved in the performance
of the duties of the Certificate Administrator under this Agreement.

 

    -20- 

     

    

 

“Certificate
Administrator’s Website”: The internet website of the Certificate Administrator, initially located at [website].

 

“Certificate
Balance”: With respect to any Class of Sequential Pay Certificates, Class [EC] Regular Interest or Class [loan-specific]
Certificates, as applicable, (a) as of any date of determination on or prior to the first Distribution Date, an amount (adjusted
in the case of any Class of Class [A-S], Class [B] and Class [C] Certificates to take into account any Certificate exchanges pursuant
to Section 5.12 of this Agreement from and including the Closing Date up to and including such date of determination) equal
to the aggregate initial Certificate Balance of such Class of Sequential Pay Certificates or such Class [EC] Regular Interest,
as specified in the Preliminary Statement hereto, and (b) as of any date of determination after the first Distribution Date, an
amount (adjusted in the case of any Class of Class [A-S], Class [B] and Class [C] Certificates to take into account any Certificate
exchanges pursuant to Section 5.12 of this Agreement after the Distribution Date immediately prior to such date of determination
up to and including such date of determination) equal to the Certificate Balanc of such Class of Sequential Pay Certificates or
such Class [EC] Regular Interest on the Distribution Date immediately prior to such date of determination, after any actual distributions
of principal thereon and allocations of Realized Losses thereto on such prior Distribution Date, and after any increases to such
Certificate Balance on such prior Distribution Date (as and to the extent provided in the penultimate sentence of the first paragraph
of Section 4.01(g) of this Agreement) in connection with recoveries of Nonrecoverable Advances previously reimbursed out
of collections of principal on the Mortgage Loans. The Certificate Balance of the Class [EC] Component [A-S] shall at all times
equal the Class [A]-EC Percentage Interest of the Certificate Balance of the Class [A-S] Regular Interest. The Certificate Balance
of the Class [PEZ Component B] shall at all times equal the Class [B]-EC Percentage Interest of the Certificate Balance of the
Class [B] Regular Interest. The Certificate Balance of the Class [PEZ Component C] shall at all times equal the Class [C]-EC Percentage
Interest of the Certificate Balance of the Class [C] Regular Interest. The Certificate Balance of the Class [EC] Certificates
shall at all times equal the aggregate Certificate Balance of the Class [EC] Components.

 

“Certificate
Factor”: With respect to any Class of Regular Certificates and any Class [EC] Regular Interest, as of any date of determination,
a fraction, expressed as a decimal carried to eight places, the numerator of which is the then related Certificate Balance or
the Notional Amount, as the case may be, and the denominator of which is the related initial Certificate Balance or the initial
Notional Amount, as the case may be.

 

“Certificate
Owner”: With respect to a Global Certificate, the Person who is the beneficial owner of such Certificate as reflected
on the books of the Depository or on the books of a Person maintaining an account with such Depository (directly as a Depository
Participant or indirectly through a Depository Participant, in accordance with the rules of such Depository). Each of the Trustee,
the Certificate Administrator, the Special Servicer and the Master Servicer shall have the right to require, as a condition to
acknowledging the status of any Person as a Certificate Owner under this Agreement, that such Person provide evidence (which may
be in the form of an Investor Certification) at its expense of its status as a Certificate Owner hereunder.

 

“Certificate
Register” and “Certificate Registrar”: The register maintained and the registrar appointed pursuant
to Section 5.03(a) of this Agreement.

 

    -21- 

     

    

 

“Certificateholder”:
With respect to any Certificate, the Person whose name is registered in the Certificate Register (including, solely for the purposes
of distributing reports, statements or other information pursuant to this Agreement, Certificate Owners or potential transferees
of Certificates to the extent the Person distributing such information has been provided with an appropriate Investor Certification
by or on behalf of such Certificate Owner or potential transferee); provided, however, that

 

(a)
solely for the purpose of giving any consent, approval, waiver or taking any action pursuant to this Agreement (including voting
on amendments to this Agreement) that specifically relates to the rights, duties, compensation or termination of, and/or any other
matter specifically involving, the Depositor, the Master Servicer, the Special Servicer, any Excluded Mortgage Loan Special Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, any Mortgage Loan Seller
or any Person known to a Responsible Officer of the Certificate Registrar to be an Affiliate of any such party, any Certificate
registered in the name of or beneficially owned by such party or any Affiliate thereof shall be deemed not to be outstanding and
the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage of Voting
Rights necessary to effect any such consent, approval, waiver or take any such action has been obtained;

 

(b)
solely for the purpose of giving any consent, approval, waiver or taking any action pursuant to this Agreement, any Certificate
beneficially owned by a Borrower Party shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall
not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent,
approval, waiver or take any such action has been obtained (provided, that notwithstanding the foregoing, for purposes
of exercising any rights it may have solely as a member of the Controlling Class, any Controlling Class Certificate owned by an
Excluded Controlling Class Holder shall be deemed not to be outstanding as to such Excluded Controlling Class Holder solely with
respect to giving consent and taking any action with respect to any related Excluded Controlling Class Mortgage Loan); and

 

(c)
if the Master Servicer, the Special Servicer or an Affiliate of the Master Servicer or the Special Servicer is a member of the
Controlling Class, it shall be permitted to act in such capacity and exercise all rights under this Agreement bestowed upon the
Controlling Class (other than, with respect to any Excluded Controlling Class Mortgage Loan with respect to which such party is
an Excluded Controlling Class Holder, as described in the proviso in parenthesis in clause (b) above).

 

For
the avoidance of doubt, nothing contained in this definition will preclude the Special Servicer from performing its duties and
exercising its rights in its capacity as Special Servicer under this Agreement other than with respect to an Excluded Special
Servicer Mortgage Loan.

 

“Certificateholder
Quorum”: A quorum that: [(a)] for purposes of Section 6.08(a) and 11.05(b) of this Agreement, consists
of the Holders of Certificates evidencing at least 50% of the aggregate Voting Rights (taking into account the allocation of any
Appraisal Reduction Amounts to notionally reduce the Certificate Balances of the respective Classes of the Principal Balance Certificates)
of all 

 

    -22- 

     

    

 

Certificates
(other than the Class S and Class R Certificates), on an aggregate basis[; and (b) for purposes of Section 6.08(b) of this
Agreement, consists of the Holders of Certificates evidencing at least 20% of the aggregate of the Certificate Balances of all
Certificates, with such quorum including at least three (3) Holders (or, where Global Certificates are involved, at least three
(3) underlying Certificate Owners) that are not Risk Retention Affiliated with each other]1.

 

“Certification
Parties”: As defined in Section 10.06 of this Agreement.

 

“Certifying
Certificateholder”: A Certificateholder or Certificate Owner of a Certificate that has provided the Trustee or the Certificate
Administrator, as applicable, with an executed Investor Certification.

 

“Certifying
Person”: As defined in Section 10.06 of this Agreement.

 

“Certifying
Servicer”: As defined in Section 10.08 of this Agreement.

 

“CREFI”:
Citi Real Estate Funding Inc., a New York corporation, and its successors in interest.

 

“CREFI
Loan Purchase Agreement”: The mortgage loan purchase agreement, dated as of [date],
by and between CGMRC and the Depositor.

 

“Class”:
With respect to the Certificates, all of the Certificates bearing the same alphabetical or alphanumeric class designation, and
with respect to the Lower-Tier Regular Interests, each interest set forth in the Preliminary Statement hereto.

 

“Class
[A] Certificate”: Any Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-5], Class [A-AB] and Class [A-S] Certificate.

 

“Class
[A] Percentage Interest”: The quotient of the Certificate Balance of the Class [A] Certificates divided by the Certificate
Balance of the Class [A] Trust Component. As of the Closing Date, the Class [A] Percentage Interest will be [100.0]%.

 

“Class
[A] Trust Component”: An interest issued as a regular interest in the Upper Tier REMIC with a Pass-Through Rate that
is the same as the Pass-Through Rate on the Class [A] Certificates. The Class [A] Certificates will represent beneficial ownership
of the Class [A] Percentage Interest of the Class [A] Trust Component, and the Class [EC] certificates will represent beneficial
ownership of, among other things, the Class [A]-EC Percentage Interest of the Class [A] Trust Component. The Class [A] Trust Component
will be held in the Grantor Trust.

 

“Class
[A]-EC Percentage Interest”: As of any date of determination, with respect to the Class [A] Regular Interest and the
Class [EC] Certificates, a percentage interest equal to 100.0% minus the Class [A] Percentage Interest.

 

 

1 Include for
transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal residual interest
by a third party purchaser.

    -23- 

     

    

 

“Class
[A-1] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-1 hereto.

 

“Class
[A-1] Component”: The Component having such designation.

 

“Class
[A-1] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [_____]%.

 

“Class
[A-2] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-2 hereto.

 

“Class
[A-2] Component”: The Component having such designation.

 

“Class
[A-2] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [_____]%.

 

“Class
[A-3] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-3 hereto.

 

“Class
[A-3] Component”: The Component having such designation.

 

“Class
[A-3] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [______]%.

 

“Class
[A-4] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-4 hereto.

 

“Class
[A-4] Component”: The Component having such designation.

 

“Class
[A-4] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [______]%.

 

“Class
[A-AB] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the
Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

 

“Class
[A-AB] Component”: The Component having such designation.

 

“Class
[A-AB] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [_____]%.

 

“Class
[A-AB] Scheduled Principal Balance”: For any Distribution Date, the scheduled principal balance for such Distribution
Date set forth on Exhibit BB to this Agreement.

 

    -24- 

     

    

 

“Class
[A-S] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-[7] hereto. The Class [A-S] Certificates represent undivided beneficial
interests in the Class [A-S] Specific Grantor Trust Assets.

 

“Class
[A-S] Component”: The Component having such designation.

 

“Class
[A-S] Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [A-S] Percentage Interest and (ii) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement
in respect of the Class [A-S] Regular Interest on such Distribution Date.

 

“Class
[A-S] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate less [______]%].

 

“Class
[A-S] Percentage Interest”: As of any date of determination, with respect to the Class [A-S] Regular Interest and the
Class [A-S] Certificates, a percentage interest equal to a fraction, the numerator of which is the Certificate Balance of the
Class [A-S] Certificates, and the denominator of which is the Certificate Balance of the Class [A-S] Regular Interest.

 

“Class
[A-S] Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [A-S] Percentage Interest and (ii) the Class [A-S] Regular Interest Principal Distribution Amount for such Distribution
Date.

 

“Class
[A-S] Regular Interest”: The uncertificated interest corresponding to the Class [A-S] Certificates and the Class [EC]
Certificates (to the extent of the Class [A-S]EC Percentage Interest of the Class [A-S] Regular Interest), constituting a “regular
interest” in the Upper-Tier REMIC for purposes of the REMIC Provisions and having the characteristics attributable thereto
in this Agreement.

 

“Class
[A-S] Regular Interest Available Funds”: With respect to any Distribution Date, an amount equal to the total amount
of all principal and/or interest distributions, as well as any other distributions (including Yield Maintenance Charges), properly
made on or in respect of the Class [A-S] Regular Interest with respect to such Distribution Date.

 

“Class
[A-S] Regular Interest Pass-Through Rate”: The Class [A-S] Pass-Through Rate.

 

“Class
[A-S] Regular Interest Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the
amount of principal distributed pursuant to Section 4.01(b) of this Agreement in respect of the Class [A-S] Regular Interest
on such Distribution Date.

 

“Class
[A-S] Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Class [A-S] Percentage Interest
of the Class [A-S] Regular Interest and (ii) amounts held from time to time in the Exchangeable Distribution Account that represent
distributions on the Class [A-S] Percentage Interest in the Class [A-S] Regular Interest.

 

    -25- 

     

    

 

“Class
[A-S]-EC Percentage Interest”: As of any date of determination, with respect to the Class [A-S] Regular Interest and
the Class [EC] Certificates, a percentage interest equal to 100.0% minus the Class [A-S] Percentage Interest.

 

“Class
[ARD] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-[17] hereto and evidencing an undivided beneficial interest in the
Excess Interest Grantor Trust Assets. The Class [ARD] Certificates have no Pass-Through Rate, Certificate Balance or Notional
Amount.

 

“Class
[B] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-8 hereto. The Class [B] Certificates represent undivided beneficial
interests in the Class [B] Specific Grantor Trust Assets.

 

“Class
[B] Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [B] Percentage Interest and (ii) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement
in respect of the Class [B] Regular Interest on such Distribution Date.

 

“Class
[B] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[B] Percentage Interest”: The quotient of the Certificate Balance of the Class [B] Certificates divided by the Certificate
Balance of the Class [B] Trust Component. As of the Closing Date, the Class [B] Percentage Interest will be [100.0]%.

 

“Class
[B] Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [B] Percentage Interest and (ii) the Class [B] Regular Interest Principal Distribution Amount for such Distribution Date.

 

“Class
[B] Regular Interest”: The uncertificated interest corresponding to the Class [B] Certificates and the Class [EC] Certificates
(to the extent of the Class [B-EC] Percentage Interest of the Class [B] Regular Interest), constituting a “regular interest”
in the Upper-Tier REMIC for purposes of the REMIC Provisions and having the characteristics attributable thereto in this Agreement.

 

“Class
[B] Regular Interest Available Funds”: With respect to any Distribution Date, an amount equal to the total amount of
all principal and/or interest distributions, as well as any other distributions (including Yield Maintenance Charges), properly
made on or in respect of the Class [B] Regular Interest with respect to such Distribution Date.

 

“Class
[B] Regular Interest Pass-Through Rate”: The Class [B] Pass-Through Rate.

 

“Class
[B] Regular Interest Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the amount
of principal distributed pursuant to 

 

    -26- 

     

    

 

Section 4.01(b) of this Agreement in respect of the Class [B] Regular Interest on
such Distribution Date.

 

“Class
[B] Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Class [B] Percentage Interest
of the Class [B] Regular Interest and (ii) amounts held from time to time in the Exchangeable Distribution Account that represent
distributions on the Class [B] Percentage Interest in the Class [B] Regular Interest.

 

“Class
[B] Trust Component”: An interest issued as a regular interest in the Upper Tier REMIC with a Pass-Through Rate that
is the same as the Pass-Through Rate on the Class [B] Certificates. The Class [B] Certificates will represent beneficial ownership
of the Class [B] Percentage Interest of the Class [B] Trust Component, and the Class [EC] Certificates will represent beneficial
ownership of, among other things, the Class [B]-EC Percentage Interest of the Class [B] Trust Component. The Class [B] Trust Component
will be held in the Grantor Trust.

 

“Class
[B]-EC Percentage Interest”: As of any date of determination, with respect to the Class [B] Regular Interest and the
Class [EC] Certificates, a percentage interest equal to 100.0% minus the Class [B] Percentage Interest.

 

“Class
[C] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-10 hereto. The Class [C] Certificates represent undivided beneficial
interests in the Class [C] Specific Grantor Trust Assets.

 

“Class
[C] Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [C] Percentage Interest and (ii) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement
in respect of the Class [C] Regular Interest on such Distribution Date.

 

“Class
[C] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[C] Percentage Interest”: The quotient of the Certificate Balance of the Class [C] Certificates divided by the Certificate
Balance of the Class [C] Trust Component. As of the Closing Date, the Class [C] Percentage Interest will be [100.0]%.

 

“Class
[C] Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the
Class [C] Percentage Interest and (ii) the Class [C] Regular Interest Principal Distribution Amount for such Distribution Date.

 

“Class
[C] Regular Interest”: The uncertificated interest corresponding to the Class [C] Certificates and the Class [EC] Certificates
(to the extent of the Class [C-EC] Percentage Interest of the Class [C] Regular Interest), constituting a “regular interest”
in the Upper-Tier REMIC for purposes of the REMIC Provisions and having the characteristics attributable thereto in this Agreement.

 

    -27- 

     

    

 

“Class
[C] Regular Interest Available Funds”: With respect to any Distribution Date, an amount equal to the total amount of
all principal and/or interest distributions, as well as any other distributions (including Yield Maintenance Charges), properly
made on or in respect of the Class [C] Regular Interest with respect to such Distribution Date.

 

“Class
[C] Regular Interest Pass-Through Rate”: The Class [C] Pass-Through Rate.

 

“Class
[C] Regular Interest Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the amount
of principal distributed pursuant to Section 4.01(b) of this Agreement in respect of the Class [C] Regular Interest on
such Distribution Date.

 

“Class
[C] Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Class [C] Percentage Interest
of the Class [C] Regular Interest and (ii) amounts held from time to time in the Exchangeable Distribution Account that represent
distributions on the Class [C] Percentage Interest in the Class [C] Regular Interest.

 

“Class
[C] Trust Component”: An interest issued as a regular interest in the Upper Tier REMIC with a Pass-Through Rate that
is the same as the Pass-Through Rate on the Class [C] Certificates. The Class [EC] Certificates will represent beneficial ownership
of the Class [C] Percentage Interest of the Class [C] Trust Component, and the Class [C] Certificates will represent beneficial
ownership of, among other things, the Class [C]-EC Percentage Interest of the Class [C] Trust Component. The Class [C] Trust Component
will be held in the Grantor Trust.

 

“Class
[C]-EC Percentage Interest”: As of any date of determination, with respect to the Class [C] Regular Interest and the
Class [EC] Certificates, a percentage interest equal to 100.0% minus the Class [C] Percentage Interest.

 

“Class
[D] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-11 hereto.

 

“Class
[D] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[E] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-12 hereto.

 

“Class
[E] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[EC] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-9 hereto. The Class [EC] Certificates represent undivided beneficial
interests in the Class [EC] Specific Grantor Trust Assets.

 

    -28- 

     

    

 

“Class
[EC] Component”: Any of the Class [EC] Component [A], Class [EC] Component [B] or Class [EC] Component [C].

 

“Class
[EC] Component [A-S]”: The portion of the Class [A-S] Regular Interest equal to the Class [A-S]-EC Percentage Interest
of the Class [A-S] Regular Interest.

 

“Class
[EC] Component [A-S] Principal Amount”: The product of the Class [A-S]-EC Percentage Interest and the Certificate Balance
of the Class [A-S] Regular Interest.

 

“Class
[EC] Component [B]”: The portion of the Class [B] Regular Interest equal to the Class [B]-EC Percentage Interest of
the Class [B] Regular Interest.

 

“Class
[EC] Component [B] Principal Amount”: The product of the Class [B-PEZ] Percentage Interest and the Certificate Balance
of the Class [B] Regular Interest.

 

“Class
[EC] Component [C]”: The portion of the Class [C] Regular Interest equal to the Class [C]-EC Percentage Interest of
the Class [C] Regular Interest.

 

“Class
[EC] Component [C] Principal Amount”: The product of the Class [C-EC] Percentage Interest and the Certificate Balance
of the Class [C] Regular Interest.

 

“Class
[EC] Interest Distribution Amount”: With respect to any Distribution Date, an amount equal to the sum of (i) the product
of (a) the Class [A-S]-EC Percentage Interest and (b) the amount of interest distributable pursuant to Section 4.01(b)
of this Agreement in respect of the Class [A-S] Regular Interest on such Distribution Date, (ii) the product of (a) the Class
[B]-EC Percentage Interest and (b) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement in
respect of the Class [B] Regular Interest on such Distribution Date and (iii) the product of (a) the Class [C]-EC Percentage Interest
and (b) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement in respect of the Class [C]
Regular Interest on such Distribution Date.

 

“Class
[EC] Percentage Interest”: Any of the Class [A-S]-EC Percentage Interest, the Class [B]-EC Percentage Interest or the
Class [C]-EC Percentage Interest.

 

“Class
[EC] Principal Distribution Amount”: With respect to any Distribution Date, an amount equal to the sum of (i) the product
of (a) the Class [A-S]-EC Percentage Interest and (b) the Class [A-S] Regular Interest Principal Distribution Amount for such
Distribution Date, (ii) the product of (a) the Class [B]-EC Percentage Interest and (b) the Class [B] Regular Interest Principal
Distribution Amount for such Distribution Date and (iii) the product of (a) the Class [C]-EC Percentage Interest and (b) the Class
[C] Regular Interest Principal Distribution Amount for such Distribution Date.

 

“Class
[EC] Regular Interests”: The Class [A-S], Class [B] and Class [C] Regular Interests.

 

“Class
[EC] Specific Grantor Trust Assets”: The portion of the Trust Fund consisting of (i) the Class [EC] Components and (ii)
amounts held from time to time in the Exchangeable Distribution Account that represent distributions on the Class [EC] Components.

 

    -29- 

     

    

 

“Class
[F] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-13 hereto.

 

“Class
[F] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[G] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-14 hereto.

 

“Class
[G] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[H] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-15 hereto.

 

“Class
[H] Pass-Through Rate”: For any Distribution Date, a per annum rate equal to [the WAC Rate].

 

“Class
[IO] Certificate”: A Certificate designated as “Class [X-A]” on the face thereof, in the form of Exhibit
A-[6] hereto, and evidencing a “regular interest” in the Upper-Tier REMIC for purposes of the REMIC provisions.
[INCLUDE FOR EACH CLASS OF INTEREST-ONLY CERTIFICATES]

 

“Class
[IO] Notional Amount”: As of any date of determination, the aggregate of the Certificate Balances of the Class [A] Certificates
(other than the Class [A-S] Certificates) and the Class [A-S] Regular Interest.

 

“Class
[IO] Pass-Through Rate”: The Pass-Through Rate for Class [X-A] Certificates for any Distribution Date will equal the
excess, if any of (a) the Weighted Average Net Mortgage Rate for the related Distribution Date, over (b) the weighted average
of the Pass-Through Rates on the Class A Certificates (other than the Class [A-S] Certificates) and the Class [A-S] Regular Interest
for such Distribution Date, weighted on the basis of their respective Certificate Balances immediately prior to the Distribution
Date. The Pass-Through Rate applicable to the Class [X-A] Certificates for the initial Distribution Date shall be the rate set
forth in the Preliminary Statement hereto.

 

“Class
[loan-specific] Certificate”: Any one of the Certificates executed and
authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-[18]
hereto. The Class [LOAN-SPECIFIC] Certificate evidences a “regular interest” in the [LOAN-SPECIFIC] Trust Subordinate
Companion Loan REMIC for purposes of the REMIC provisions, which relates solely to the Trust Subordinate Companion Loan.

 

“Class
[LR] Interest”: The uncertificated residual interest in the Lower-Tier REMIC, represented by the Class [R] Certificates.

 

    -30- 

     

    

 

“Class
[MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Transfer”: As defined in Section 6.09(h) of this Agreement.

 

“Class
[R] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-16 hereto. The Class [R] Certificates have no Pass-Through Rate,
Certificate Balance or Notional Amount.

 

“Class
[UR] Interest”: The uncertificated residual interest in the Upper-Tier REMIC, represented by the Class [R] Certificates.

 

“Class
[VRR] Certificate”: Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating
Agent in substantially the form set forth in Exhibit A-19 hereto. The Class VRR Certificates collectively constitute the
VRR Interest.

 

“Class
[X] Certificates”: The Class [IO] Certificates, as the context may require.

 

“Class
[X] Strip Rate”: With respect to each Component for any Distribution Date, a rate per annum equal to (i) the
WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

 

“Clearing
Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act.
The initial Clearing Agency shall be The Depository Trust Company.

 

“Clearstream”:
Clearstream Banking, société anonyme, and its successors in interest.

 

“Closing
Date”: [date].

 

“CMBS”:
Commercial mortgage-backed securities.

 

“Co-Lender
Agreement”: With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among
noteholders or similar agreement governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s).
[The only Co-Lender Agreements related to the Trust as of the Closing Date are the [_____________________] Co-Lender Agreement]].

 

“Code”:
The Internal Revenue Code of 1986, as amended from time to time, any successor statute thereto, and any temporary or final regulations
of the United States Department of the Treasury promulgated pursuant thereto.

 

“Collateral
Deficiency Amount” With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated
Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum
of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised
Value for the related Mortgaged Property or Mortgaged Properties, plus

 

    -31- 

     

    

 

(y)
solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise
under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the
related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for
the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage
Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received
by the Master Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding
clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator,
the Master Servicer (in the case of calculations made by the Special Servicer), the Special Servicer (in the case of calculations
made by the Master Servicer) and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations
that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled
to conclusively rely on the Master Servicer’s or the Special Servicer’s calculation or determination of any Collateral
Deficiency Amount.

 

“Collection
Account”: The account or accounts created and maintained by the Master Servicer pursuant to Section 3.05(a) of
this Agreement, which (subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “[master
servicer], as Master Servicer on behalf of [trustee], as Trustee, for the
benefit of the registered holders of [__________________],” and which must be an Eligible Account.

 

“Collection
Period”: With respect to each Distribution Date [and any Mortgage Loan or Companion Loan will be the period commencing
on the day immediately following the Due Date for such Mortgage Loan or Companion Loan in the month preceding the month in which
that Distribution Date occurs (or the date that would have been the Due Date if such Mortgage Loan or Companion Loan had a Due
Date in such preceding month) and ending on and including the Due Date for such Mortgage Loan or Companion Loan occurring in the
month in which that Distribution Date occurs]. [Notwithstanding the foregoing, in the event that the last day of a Collection
Period for any Distribution Date and any Mortgage Loan or Companion Loan is not a Business Day, any Monthly Payment received with
respect to that Mortgage Loan or Companion Loan on the Business Day immediately following such last day will be deemed to have
been received during such Collection Period and not during any other Collection Period].

 

“Commission”:
The Securities and Exchange Commission.

 

“Companion
Loan”: Any mortgage loan that is part of a Loan Combination but is not an asset of the Trust. The only Companion Loans
related to the Trust as of the Closing Date are the [_______________].

 

“Companion
Loan Holder”: The holder of a Companion Loan.

 

“Companion
Loan Holder Representative”: With respect to each Serviced Companion Loan, any representative appointed by the related
Companion Loan Holder.

 

    -32- 

     

    

 

“Companion
Loan Rating Agency”: With respect to any Serviced Companion Loan, any rating agency that was engaged by a participant
in the securitization of such Serviced Companion Loan to assign a rating to the related Serviced Companion Loan Securities.

 

“Companion
Loan Rating Agency Confirmation”: With respect to any matter involving the servicing and administration of a Serviced
Companion Loan or any related REO Property as to which any Serviced Companion Loan Securities exist, confirmation in writing (which
may be in electronic form) by each applicable Companion Loan Rating Agency that a proposed action, failure to act or other event
so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then-current rating assigned
to any class of such Serviced Companion Loan Securities (if then rated by the Companion Loan Rating Agency); provided that upon
receipt of a written waiver or other acknowledgment from the Companion Loan Rating Agency indicating its decision not to review
or declining to review the matter for which the Companion Loan Rating Agency Confirmation is sought (such written notice, a “Companion
Loan Rating Agency Declination”), or as otherwise provided in Section 3.30 of this Agreement, the requirement for the Companion
Loan Rating Agency Confirmation from the applicable Companion Loan Rating Agency with respect to such matter shall not apply.

 

“Companion
Loan Rating Agency Declination”: As defined in the definition of “Companion Loan Rating Agency Confirmation”
in this Agreement.

 

“Compensating
Interest Payments”: Any payment required to be made by the Master Servicer pursuant to Section 3.13 of this Agreement
to cover Prepayment Interest Shortfalls.

 

“Component”:
With respect to the Class [X-A] Certificates, the Class [A-1] Component, Class [A-2] Component, Class [A-3] Component, Class [A-4]
Component, Class [A-AB] Component and Class [A-S] Component.

 

“Component
Notional Amount”: With respect to each Component and any date of determination, an amount equal to the Lower-Tier Principal
Balance of the Corresponding Lower-Tier Regular Interest for that Component.

 

“Condemnation
Proceeds”: All proceeds received in connection with the taking of all or a part of a Mortgaged Property or REO Property
(including with respect to the Outside Serviced Mortgage Loans) by exercise of the power of eminent domain or condemnation, subject,
however, to the rights of any tenants and ground lessors, as the case may be, and the terms of the related Mortgage; provided
that, in the case of an Outside Serviced Mortgage Loan, “Condemnation Proceeds” under this Agreement shall be
limited to any related proceeds of the type described above in this definition that are received by the Trust Fund in connection
with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

 

“Confidential
Information”: With respect to each of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor
the Certificate Administrator, and the Trustee, all material non-public information obtained in the course of and as a result
of such Person’s performance of its duties under this Pooling and Servicing Agreement with respect to 

 

    -33- 

     

    

 

any Mortgage Loan
(or Serviced Loan Combination), any Mortgagor and any Mortgaged Property, unless such information (i) was already in the possession
of such Person prior to being disclosed to such Person, (ii) is or becomes available to such Person from a source other than its
activities as the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or
the Trustee, as applicable, or (iii) is or becomes generally available to the public other than as a result of a disclosure by
the Master Servicer Servicing Personnel, the Special Servicer Servicing Personnel, the Operating Advisor Personnel, the Certificate
Administrator Personnel or the Trustee Personnel.

 

“Consent
Fees”: With respect to any Serviced Loan, any and all fees actually paid by a Mortgagor with respect to any consent
or approval (or review thereof) required pursuant to the terms of the Loan Documents that does not involve a modification evidenced
by a signed writing, assumption, extension, waiver or amendment of the terms of the Loan Documents.

 

“Consultation
Termination Event”: The event that either (i) occurs when none of the Classes of Control Eligible Certificates has a
Certificate Balance, without regard to the allocation of any Cumulative Appraisal Reduction Amount, that is equal to or greater
than 25% of the initial Certificate Balance of that Class of Certificates or (ii) is deemed to occur pursuant to Section 6.09(e)
or Section 6.09(j) of this Agreement; provided, however, that a Consultation Termination Event shall in no event
exist at any time that the Certificate Balance of each Class of Principal Balance Certificates senior to the Control Eligible
Certificates has been reduced to zero (without regard to the allocation of Cumulative Appraisal Reduction Amounts). With respect
to Excluded Mortgage Loans, a Consultation Termination Event shall be deemed to exist.

 

“Control
Eligible Certificates”: Any of the Class [__], Class [__] and Class [__] Certificates.

 

“Control
Termination Event”: The event that either (i) occurs when none of the Classes of Control Eligible Certificates has a
Certificate Balance (as notionally reduced by any Cumulative Appraisal Reduction Amount then allocable to such Class in accordance
with Section 3.10(a) of this Agreement) that is at least equal to 25% of the initial Certificate Balance of such Class
of Certificates or (ii) is deemed to occur pursuant to Section 6.09(e) or Section 6.09(j) of this Agreement; provided,
however, that a Control Termination Event shall in no event exist at any time that the Certificate Balance of each Class of Principal
Balance Certificates senior to the Control Eligible Certificates has been reduced to zero (without regard to the allocation of
Cumulative Appraisal Reduction Amounts). With respect to Excluded Mortgage Loans, a Control Termination Event shall be deemed
to exist.

 

“Controlling
Class”: As of any time of determination, the most subordinate Class of Control Eligible Certificates then outstanding
that has a Certificate Balance (as notionally reduced by any Cumulative Appraisal Reduction Amount allocable to such Class in
accordance with Section 3.10(a) of this Agreement) at least equal to 25% of the initial Certificate Balance of such Class;
provided, however, that (except under the circumstances set forth in the following proviso) if no Class of Control
Eligible Certificates meets the preceding requirement, then the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates
will be the Controlling Class; and provided, further, however, that if, at any time the aggregate 

 

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outstanding
Certificate Balance of the Classes of Principal Balance Certificates senior to the Control Eligible Certificates has been reduced
to zero (without regard to the allocation of any Cumulative Appraisal Reduction Amounts), then the Controlling Class shall be
the most subordinate Class of Control Eligible Certificates that has an outstanding Certificate Balance greater than zero (without
regard to the allocation of any Cumulative Appraisal Reduction Amounts). The Controlling Class as of the Closing Date will be
the Class [____] Certificates.

 

“Controlling
Class Certificateholder”: Each Holder (or Certificate Owner, if applicable) of a Certificate of the Controlling Class
as determined by the Certificate Administrator from time to time.

 

“Controlling
Class Representative”: The Controlling Class Certificateholder (or other representative) selected by at least a majority
of the Controlling Class Certificateholders by Certificate Balance, as identified by notice to the Certificate Administrator by
the applicable Controlling Class Certificateholders from time to time, with notice of such selection delivered to the Special
Servicer, the Master Servicer, the Operating Advisor, the Asset Representations Reviewer and the Trustee; provided that, (i) absent
such selection, or (ii) until a Controlling Class Representative is so selected, or (iii) upon receipt of notice from the Controlling
Class Certificateholders that own Certificates representing more than 50% of the Certificate Balance of the Controlling Class
that a Controlling Class Representative is no longer so designated, the Controlling Class Representative shall be the Controlling
Class Certificateholder that owns Certificates representing the largest aggregate Certificate Balance of the Controlling Class,
as identified (in writing with contact information) to the Certificate Administrator (who shall notify the Master Servicer, the
Special Servicer and the Operating Advisor). If, upon the occurrence of any of the events or circumstances specified in clauses
(i), (ii) or (iii) above, the Controlling Class Certificateholder that owns Certificates representing the largest aggregate Certificate
Balance of the Controlling Class has not been identified to the Certificate Administrator (and thereby the Master Servicer and
the Special Servicer), then the Master Servicer and the Special Servicer shall have no obligation to obtain the consent of, or
consult with, any Controlling Class Representative until notified of the identity of such largest Controlling Class Certificateholder
or otherwise notified of the identity of the Controlling Class Representative as provided in this Agreement. No Person may exercise
any of the consent or consultation rights and powers of the Controlling Class Representative with respect to an Excluded Mortgage
Loan.

 

The
initial Controlling Class Representative on the Closing Date shall be [________________], and the Certificate Registrar and the
other parties to this Agreement shall be entitled to assume [________________] is the Controlling Class Representative on behalf
of the Controlling Class Certificateholder, until the Certificate Registrar receives (a) written notice of a replacement Controlling
Class Representative or (b) written notice that [________________]is no longer the Holder (or Certificate Owner) of a majority
of the applicable Controlling Class.

 

“Corporate
Trust Office”: The office of the Trustee or the Certificate Administrator, at which at any particular time its corporate
trust business shall be principally administered. At the date of this Agreement, the corporate trust office of (i) the Trustee
is located at [address], Attention: [______________], (ii) the Certificate Administrator
is located, for certificate transfer purposes, at [address], Attention: [______________],
and for 

 

    -35- 

     

    

 

all other purposes, except as specifically set forth herein, [address],
Attention: [______________].

 

“Corrected
Loan”: Any Serviced Loan that had been a Specially Serviced Loan but has ceased to be such in accordance with the definition
of “Specially Serviced Loan” (other than by reason of a Liquidation Event occurring in respect of such Serviced
Loan or a related Mortgaged Property becoming an REO Property).

 

“Corresponding
Certificates”: As identified in the Preliminary Statement with respect to any Lower-Tier Regular Interest or Component.

 

“Corresponding
Component”: As identified in the Preliminary Statement with respect to any Class of Regular Certificates, Class [EC]
Regular Interest or Lower-Tier Regular Interest.

 

“Corresponding
Lower-Tier Regular Interest”: As identified in the Preliminary Statement with respect to any Class of Regular Certificates,
Class [EC] Regular Interest or Component.

 

“CREFC®”:
CRE Finance Council, formerly known as Commercial Mortgage Securities Association, or any association or organization that is
a successor thereto. If neither such association nor any successor remains in existence, “CREFC®”
shall be deemed to refer to such other association or organization as may exist whose principal membership consists of servicers,
trustees, certificateholders, issuers, placement agents and underwriters generally involved in the commercial mortgage loan securitization
industry, which is the principal such association or organization in the commercial mortgage loan securitization industry and
whose principal purpose is the establishment of industry standards for reporting transaction-specific information relating to
commercial mortgage pass-through certificates and commercial mortgage-backed bonds and the commercial mortgage loans and foreclosed
properties underlying or backing them to investors holding or owning such certificates or bonds, and any successor to such other
association or organization. If an organization or association described in one of the preceding sentences of this definition
does not exist, “CREFC®” shall be deemed to refer to such other association or organization as shall
be selected by the Master Servicer and reasonably acceptable to the Certificate Administrator, the Special Servicer and, for so
long as no Control Termination Event has occurred and is continuing, the Controlling Class Representative.

 

“CREFC®
Advance Recovery Report”: A monthly report substantially in the form of, and containing the information called
for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Appraisal Reduction Template”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC®
Website, or such other form for the 

 

    -36- 

     

    

 

presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Assumption Modification Posting Instructions Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Assumption Modification Posting Instructions Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such
information and containing such additional information as may from time to time be approved by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Bond Level File”: The data file in the “CREFC® Bond Level File” format substantially
in the form of and containing the information called for therein, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Capitalized Amounts/Non-Recoverable Trust Expense Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Capitalized Amounts/Non-Recoverable Trust Expense Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such
information and containing such additional information as may from time to time be approved by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Collateral Summary File”: The data file in the “CREFC® Collateral Summary File” format
substantially in the form of and containing the information called for therein, or such other form for the presentation of such
information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Comparative Financial Status Report”: The monthly report in “Comparative Financial Status Report”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Delinquent Loan Status Report”: A report substantially in the form of, and containing the information called for
in, the downloadable form of the “Delinquent Loan Status Report” available as of the Closing Date on the CREFC®
Website, or no later than 90 days after its adoption, such other form for the presentation of such information and containing
such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities
transactions generally.

 

“CREFC®
Financial File”: The data file in the “CREFC® Financial File” format substantially
in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Historical Bond/Collateral Realized Loss Reconciliation Template”: A report substantially in the form of, and
containing the information called for in, the downloadable form of the “Historical Bond/Collateral Realized Loss Reconciliation
Template” available as of 

 

    -37- 

     

    

 

the Closing Date on the CREFC® Website, or such other form for the presentation
of such information and containing such additional information as may from time to time be approved by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Historical Liquidation Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Historical Liquidation Loss Template” available as of the Closing Date on the
CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report”: The monthly report in the “Historical
Loan Modification/Forbearance and Corrected Mortgage Loan Report” format substantially in the form of and containing the
information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved
from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Intellectual Property Royalty License Fee”: With respect to each Mortgage Loan (including any REO Mortgage Loan)
and the Trust Subordinate Companion Loan and for any Distribution Date, an amount accrued during the related Interest Accrual
Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution
Date, the Cut-Off Date Principal Balance of such Mortgage Loan or Trust Subordinate Companion Loan and, in the case of any subsequent
Distribution Date, the Stated Principal Balance of such Mortgage Loan or Trust Subordinate Companion Loan as of the close of business
on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same
period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage
Loan or Trust Subordinate Companion Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the
CREFC® Intellectual Property Royalty License Fee shall be payable from the [loan-specific]
Trust Subordinate Companion Loan REMIC, the Lower-Tier REMIC or Grantor Trust, as applicable.

 

“CREFC®
Intellectual Property Royalty License Fee Rate”: With respect to each Mortgage Loan and Trust Subordinate Companion
Loan, a rate equal to [0.0005]% per annum.

 

“CREFC®
Interest Shortfall Reconciliation Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Interest Shortfall Reconciliation Template” available as of the Closing
Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Investor Reporting Package (IRP)”: Collectively: (a) the following nine data files (and any other files as may
be, or have been, adopted and promulgated by CREFC® as part of the CREFC® Investor Reporting Package
(IRP) from time to time): (i) CREFC® Loan Setup File, (ii) CREFC® Loan Periodic Update File, (iii)
CREFC® Property 

 

    -38- 

     

    

 

File, (iv) CREFC® Bond Level File, (v) CREFC® Financial File, (vi)
CREFC® Collateral Summary File, (vii) CREFC® Special Servicer Loan File, (viii) CREFC®
Special Servicer Property File and (ix) CREFC® Schedule AL File;

 

(b)       the
following ten supplemental reports (and any other reports as may be, or have been, adopted and promulgated by CREFC®
as part of the CREFC® Investor Reporting Package (IRP) from time to time): (i) CREFC® Delinquent
Loan Status Report, (ii) CREFC® Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report, (iii)
CREFC® REO Status Report, (iv) CREFC® Operating Statement Analysis Report, (v) CREFC®
Comparative Financial Status Report, (vi) CREFC® Servicer Watchlist/Portfolio Review Guidelines, (vii) CREFC®
Loan Level Reserve/LOC Report, (viii) CREFC® NOI Adjustment Worksheet, (ix) CREFC® Advance
Recovery Report, and (x) CREFC® Total Loan Report;

 

(c)       the
following fifteen templates (and any other templates as may be, or have been, adopted and promulgated by CREFC®
as part of the CREFC® Investor Reporting Package (IRP) from time to time): (i) CREFC® Appraisal
Reduction Template, (ii) CREFC® Servicer Realized Loss Template, (iii) CREFC® Reconciliation of
Funds Template, (iv) CREFC® Historical Bond/Collateral Realized Loss Reconciliation Template, (v) CREFC®
Historical Liquidation Loss Template, (vi) CREFC® Interest Shortfall Reconciliation Template, (vii) CREFC®
Servicer Remittance to Certificate Administrator Template, (viii) CREFC® Significant Insurance Event Template,
(ix) CREFC® Loan Modification Report Template; (x) CREFC® Loan Liquidation Report Template,
(xi) CREFC® REO Liquidation Report Template; (xii) CREFC® Payment Posting Instructions
Template; (xiii) CREFC® Modification Posting Instructions Template; (xiv) CREFC® Assumption
Modification Posting Instructions Template, and (xv) CREFC® Capitalized Amounts/Non-Recoverable Trust Expense
Template; and

 

(d)       such
other reports and data files as CREFC® may designate, or has designated, as part of the “CREFC®
Investor Reporting Package (CREFC® IRP)” from time to time.

 

“CREFC®
Loan Level Reserve/LOC Report”: The monthly report in the “CREFC® Loan Level Reserve/LOC
Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or
such other form for the presentation of such information as may be approved from time to time by the CREFC® for
commercial mortgage securities transactions generally.

 

“CREFC®
Loan Liquidation Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Liquidation Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Modification Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Loan Modification Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional 

 

    -39- 

     

    

 

information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Periodic Update File”: The data file in the “CREFC® Loan Periodic Update File”
format substantially in the form of and containing the information called for therein for the Mortgage Loans and the Trust Subordinate
Companion Loan, or such other form for the presentation of such information as may be approved from time to time by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
Loan Setup File”: The data file in the “CREFC® Loan Setup File” format substantially
in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Modification Posting Instructions Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Modification Posting Instructions Template” available as of the Closing
Date on the CREFC® Website, or such other form for the presentation of such information and containing such
additional information as may from time to time be approved by the CREFC® for commercial mortgage securities
transactions generally.

 

“CREFC®
NOI Adjustment Worksheet”: The worksheet in the “NOI Adjustment Worksheet” format substantially in
the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Operating Statement Analysis Report”: The monthly report in the “Operating Statement Analysis Report”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Payment Posting Instructions Template”: A report substantially in the form of, and containing the information
called for in, the downloadable form of the “Payment Posting Instructions Template” available as of the Closing Date
on the CREFC® Website, or such other form for the presentation of such information and containing such additional
information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Property File”: The data file in the “CREFC® Property File” format substantially in
the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation
of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions
generally.

 

“CREFC®
Reconciliation of Funds Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Reconciliation of Funds Template” available as of the Closing Date on the CREFC®
Website, or such other form

 

    -40- 

     

    

 

for
the presentation of such information and containing such additional information as may from time to time be approved by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC®
REO Liquidation Report Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “REO Liquidation Report Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
REO Status Report”: The report in the “REO Status Report” format substantially in the form of and
containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Schedule AL File”: The data file in the “Schedule AL File” format substantially in the form of and
containing the information required by Items 1111(h)(1), 1111(h)(2) and 1111(h)(3) of Regulation AB, Item 1125 of Regulation AB
and Item 601(b)(102) of Regulation S-K and otherwise called for therein, or such other form containing such required information
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Servicer Realized Loss Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Servicer Realized Loss Template” available as of the Closing Date on the CREFC®
Website, or such other form for the presentation of such information and containing such additional information as may from
time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Servicer Remittance to Certificate Administrator Template”: A report substantially in the form of, and containing
the information called for in, the downloadable form of the “Interest Servicer Remittance to Certificate Administrator Template”
available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information
and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Servicer Watch List/Portfolio Review Guidelines”: As of each Determination Date a report, including and identifying
each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time
to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the
form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio
review guidelines) for the presentation of such information as may be approved from time to time by the CREFC®
for commercial mortgage securities transactions generally.

 

“CREFC® Significant Insurance Event Template”: A report substantially in the form of, and containing the information called
for in, the downloadable form of the “Interest

 

    -41- 

     

    

 

Significant Insurance Event Template” available as of the Closing Date
on the CREFC® Website, or such other form for the presentation of such information and containing such additional information
as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Special Servicer Loan File”: The data file in the “CREFC® Special Servicer Loan File”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Special Servicer Property File”: The data file in the “CREFC® Special Servicer Property File”
format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form
for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage
securities transactions generally.

 

“CREFC®
Total Loan Report”: The report in the “Total Loan Report” format substantially in the form of and
containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information
as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

 

“CREFC®
Website”: The CREFC®’s Website located at “www.crefc.org” or such other primary
website as the CREFC® may establish for dissemination of its report forms.

 

“Cross-Collateralized
Group”: Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that
a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized
and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. [There are no Cross-Collateralized Groups
included as assets of the Trust as of the Closing Date.]

 

“Cross-Collateralized
Mortgage Loan”: Any Mortgage Loan that is part of a Cross-Collateralized Group.

 

“Cross-Over
Date”: The first Distribution Date on which the Certificate Balance of each Class of Principal Balance Certificates
(other than the Class [A-1], Class [A-2], Class [A-3], Class [A-4] and Class [A-AB] Certificates and other than the Exchangeable
Certificates) and each Class [EC] Regular Interest has been reduced to zero due to the application of Realized Losses.

 

“Cumulative
Appraisal Reduction Amount”: As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction
Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate
Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination
of any Cumulative Appraisal Reduction Amount. None of the Master Servicer (except if such Cumulative Appraisal Reduction Amount
consists solely of Collateral Deficiency Amounts calculated with respect to one or more Outside Serviced

 

    -42- 

     

    

 

Mortgage Loans), the
Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount. The Special Servicer
and the Certificate Administrator shall be entitled to conclusively rely on the Master Servicer’s calculation or determination
of any Collateral Deficiency Amount with respect to an Outside Serviced Mortgage Loan.

 

“Custodial
Agreement”: The custodial agreement, if any, from time to time in effect between the Custodian named therein and the
Trustee, as the same may be amended or modified from time to time in accordance with the terms thereof. [For the avoidance of
doubt, as of the Closing Date, the Custodian is the Trustee.]

 

“Custodian”:
Any Custodian appointed pursuant to Section 5.10 of this Agreement and, unless the Trustee is Custodian, named pursuant
to any Custodial Agreement. The Custodian may (but need not) be the Trustee, the Certificate Administrator or the Master Servicer
or any Affiliate or agent of the Trustee, the Certificate Administrator or the Master Servicer, but may not be the Depositor or
any Affiliate thereof.

 

“Cut-Off
Date”: With respect to each Mortgage Loan and Trust Subordinate Companion Loan, as applicable, the Due Date in [date]
for that Mortgage Loan and Trust Subordinate Companion Loan.

 

“Cut-Off
Date Principal Balance”: With respect to any Mortgage Loan and Trust Subordinate Companion Loan, the outstanding principal
balance of such Mortgage Loan or Trust Subordinate Companion Loan as of the Cut-Off Date, after application of all payments of
principal due on or before such date, whether or not received.

 

“Debt
Service Coverage Ratio”: With respect to any Mortgage Loan (or Serviced Loan Combination, if applicable), for any twelve-month
period covered by an annual operating statement for the related Mortgaged Property, the ratio of (i) Net Operating Income produced
by the related Mortgaged Property during such period to (ii) the aggregate amount of Monthly Payments (other than any Balloon
Payment) due under such Mortgage Loan (or Serviced Loan Combination, if applicable) during such period; provided that with
respect to the Mortgage Loans (and with respect to any Serviced Loan Combination that includes a Mortgage Loan) identified on
the Mortgage Loan Schedule as paying interest only for a specified period of time set forth in the related Loan Documents and
then paying principal and interest, the related Monthly Payment will be calculated (for purposes of this definition only) to include
interest and principal (based on the remaining amortization term indicated in the Mortgage Loan Schedule).

 

“Default”:
An event of default under the Mortgage Loan (or Serviced Loan Combination, if applicable) or an event which, with the passage
of time or the giving of notice, or both, would constitute an event of default under the Mortgage Loan (or Serviced Loan Combination,
if applicable).

 

“Default
Interest”: With respect to any Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan, all interest
other than Excess Interest accrued in respect of such Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion

 

    -43- 

     

    

 

 Loan
as provided in the related Note or Mortgage as a result of a default (exclusive of late payment charges) that is in excess of
interest at the related Mortgage Rate.

 

“Default
Rate”: With respect to each Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan, the per annum
rate at which interest accrues on such Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan, as the
case may be, following any event of default on such Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan,
as the case may be, including a default in the payment of a Monthly Payment or a Balloon Payment.

 

“Defaulted
Loan”: A Serviced Loan (i) that is delinquent at least sixty days in respect of its Monthly Payments or delinquent in
respect of its Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any grace period
permitted by the related Mortgage or Note and without regard to any acceleration of payments under the related Mortgage and Note
or (ii) as to which the Master Servicer or Special Servicer has, by written notice to the related Mortgagor, accelerated the maturity
of the indebtedness evidenced by the related Note.

 

“Defaulted
Mortgage Loan”: A Mortgage Loan that is a Defaulted Loan.

 

“Defaulted
Serviced Loan Combination”: Any Serviced Loan Combination with respect to which the related Serviced Mortgage Loan or
Serviced Companion Loan is a Defaulted Loan.

 

“Defeasance
Loan”: Those Mortgage Loans which provide the related Mortgagor with the option to defease the related Mortgaged Property.

 

“Defective
Mortgage Loan”: As defined in Section 2.03(a) of this Agreement.

 

“Deficient
Exchange Act Deliverable”: With respect to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset
Representations Reviewer, the Certificate Administrator, the Custodian, the Trustee and each Servicing Function Participant and
Additional Servicer retained by it (other than a Mortgage Loan Seller Sub-Servicer), any item (x) regarding such party, (y) prepared
by such party or any registered public accounting firm, attorney or other agent retained by such party to prepare such item and
(z) delivered by or on behalf of such party pursuant to the delivery requirements under Article X of this Agreement, that does
not conform to the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and/or
the rules and regulations promulgated thereunder.

 

“Definitive
Certificate”: Any Certificate in fully registered certificated form without interest coupons.

 

“Delinquent
Loan”: A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment,
if any, in either case such delinquency to be determined without giving effect to any Grace Period.

 

“Depositor”:
Citigroup Commercial Mortgage Securities Inc., a Delaware corporation, and its successors and assigns.

 

    -44- 

     

    

 

“Depositor’s
Rule 17g-5 Website”: A website to be maintained (or caused to be maintained) by the Depositor in order to comply with
Exchange Act Rule 17g-5.

 

“Depository”:
The Depository Trust Company or a successor appointed by the Certificate Registrar (which appointment shall be at the direction
of the Depositor if the Depositor is legally able to do so).

 

“Depository
Participant”: A Person for whom, from time to time, the Depository effects book-entry transfers and pledges of securities
deposited with the Depository.

 

“Determination
Date”: With respect to any Distribution Date, the [_____] day of the calendar month of the related Distribution Date
or, if the [_____] day is not a Business Day, the next Business Day, commencing in [date].

 

“Diligence
File”: With respect to each Mortgage Loan, collectively the following documents in electronic format:

 

(a)            A
copy of each of the following documents:

 

(i)        (A)
the Mortgage Note, endorsed on its face or by allonge attached to the Mortgage Note, without recourse, to the order of the Trustee
on behalf of the Certificateholders or in blank, and further showing a complete, unbroken chain of endorsement from the originator
(if such originator is not the applicable Mortgage Loan Seller) (or, alternatively, if the original executed Note has been lost,
a lost note affidavit and indemnity with a copy of such Note), and (B) if such Mortgage Loan is part of a Serviced Loan Combination,
the executed Note for each related Serviced Companion Loan;

 

(ii)       the
Mortgage, together with any and all intervening assignments thereof, in each case (unless the particular item has not been returned
from the applicable recording office) with evidence of recording indicated thereon or certified by the applicable recorder’s
office (if in the possession of the applicable Mortgage Loan Seller);

 

(iii)      any
related Assignment of Leases (if such item is a document separate from the Mortgage), together with any and all intervening assignments
thereof, in each case (unless the particular item has not been returned from the applicable recording office) with evidence of
recording indicated thereon or certified by the applicable recorder’s office (if in the possession of the applicable Mortgage
Loan Seller);

 

(iv)      final
written modification agreements in those instances where the terms or provisions of the Note for such Mortgage Loan (or, if applicable,
any Note of a related Serviced Companion Loan) or the related Mortgage have been modified, in each case (unless the particular
item has not been returned from the applicable recording office) with evidence of recording indicated thereon if the instrument
being modified is a recordable document;

 

    -45- 

     

    

 

(v)       the
policy or certificate of lender’s title insurance issued in connection with such Mortgage Loan (or the related Serviced
Loan Combination, if applicable) or, if such policy has not been issued or located, an irrevocable, binding commitment (which
may be a “marked-up” pro forma title policy marked as binding and executed by an authorized representative of the
title insurer or an agreement to provide the same pursuant to binding escrow instructions executed by an authorized representative
of the title insurer) to issue such title insurance policy;

 

(vi)      the
Ground Lease relating to such Mortgage Loan (or the related Serviced Loan Combination, if applicable), if any, and any ground
lessor estoppel;

 

(vii)     the
related Loan Agreement, if any;

 

(viii)    the
guaranty under such Mortgage Loan or the related Serviced Loan Combination, if any;

 

(ix)       the
lock box agreement or cash management agreement relating to such Mortgage Loan or the related Serviced Loan Combination, if any;

 

(x)        the
environmental indemnity from the related Mortgagor, if any;

 

(xi)       the
related escrow agreement and the related security agreement (in each case, if such item is a document separate from the Mortgage)
and, if applicable, any intervening assignments thereof;

 

(xii)      any
filed copies (bearing evidence of filing) or evidence of filing of any UCC financing statements in favor of the originator of
such Mortgage Loan (or the related Serviced Loan Combination, if applicable) or in favor of any assignee prior to the Trustee
and UCC-3 assignment financing statements in favor of the Trustee (or, in each case, a copy thereof certified to be the copy of
such assignment submitted or to be submitted for filing), if in the possession of the applicable Mortgage Loan Seller;

 

(xiii)     in
the case of any Mortgage Loan or the related Serviced Loan Combination as to which there exists a related mezzanine loan, the
related intercreditor agreement;

 

(xiv)     any
related environmental insurance policy;

 

(xv)      any
letter of credit relating to such Mortgage Loan or the related Serviced Loan Combination and any related assignment thereof;

 

(xvi)    any
related franchise agreement, property management agreement or hotel management agreement and related comfort letters (together
with (i) copies of any notices of transfer that are necessary to transfer or assign to the Trust or the Trustee for the benefit
of the Certificateholders the benefits of such

 

    -46- 

     

    

 

comfort letter or (ii) if the related comfort letter contemplates that a request
be made of the related franchisor to issue a replacement comfort letter for the benefit of the Trust or Trustee, a copy of the
notice requesting the issuance of such replacement comfort letter) and/or estoppel letters relating to such Mortgage Loan or the
related Serviced Loan Combination and any related assignment thereof; and

 

(xvii)       in
the case of a Mortgage Loan that is part of a Loan Combination, the related Co-Lender Agreement;

 

(b)  a
copy of any engineering reports or property condition reports;

 

(c)  other
than with respect to a hotel property (except with respect to tenanted commercial space within a hotel property), copies of a
rent roll;

 

(d)  for
any office, retail, industrial or warehouse property, a copy of all leases and estoppels and subordination and non-disturbance
agreements delivered to the related Mortgage Loan Seller;

 

(e)  a
copy of all legal opinions (excluding attorney-client communications between the related Mortgage Loan Seller, and its counsel
that are privileged communications or constitute legal or other due diligence analyses), if any, delivered in connection with
the closing of the related Mortgage Loan;

 

(f)  a
copy of all Mortgagor’s certificates of hazard insurance and/or hazard insurance policies or other applicable insurance
policies (to the extent not previously included as part of this definition), if any, delivered in connection with the closing
of the related Mortgage Loan;

 

(g) a
copy of the appraisal for the related Mortgaged Property or Mortgaged Properties;

 

(h)  for
any Mortgage Loan that the related Mortgaged Property or Mortgaged Properties is leased to a single tenant, a copy of the lease;

 

(i)  a
copy of the applicable Mortgage Loan Seller’s asset summary;

 

(j)  a
copy of all surveys for the related Mortgaged Property or Mortgaged Properties;

 

(k) a
copy of all zoning reports;

 

(l)  a
copy of financial statements of the related Mortgagor;

 

(m) a
copy of operating statements for the related Mortgaged Property or Mortgaged Properties;

 

(n)  a
copy of all UCC searches;

 

    -47- 

     

    

 

(o) a
copy of all litigation searches;

 

(p) a
copy of all bankruptcy searches;

 

(q) a
copy of the origination settlement statement;

 

(r)  a
copy of any Insurance Summary Report;

 

(s) a
copy of the organizational documents of the related Mortgagor and any guarantor;

 

(t)  a
copy of any escrow statements related to the escrow account balances as of the Mortgage Loan origination date, if not included
in the origination settlement statement;

 

(u) the
original or a copy of all related environmental reports that were received by the applicable Mortgage Loan Seller;

 

(v) unless
already included as part of the environmental reports, a copy of any closure letter (environmental); and

 

(w)  unless
already included as part of the environmental reports, a copy of any environmental remediation agreement for the related Mortgaged
Property or Mortgaged Properties,

 

in
each case, to the extent that the related originator received such documents in connection with the origination of such Mortgage
Loan. In the event any of the items identified above were not received in connection with the origination of such Mortgage Loan
(other than documents that would not be included in connection with the origination of the Mortgage Loan because such document
is inapplicable to the origination of a Mortgage Loan of that structure or type, taking into account whether or not such Mortgage
Loan has any additional debt), the Diligence File shall include a statement to that effect. No information that is proprietary
to the related originator or Mortgage Loan Seller or any draft documents, privileged or internal communications, credit underwriting
or due diligence analysis shall constitute part of the Diligence File. It is not required to include any of the same items identified
above again if such items have already been included under another clause of the definition of Diligence File, and the Diligence
File shall include a statement to that effect. The Mortgage Loan Seller may, without any obligation to do so, include such other
documents as part of the Diligence File that such Mortgage Loan Seller believes should be included to enable the Asset Representations
Reviewer to perform the Asset Review on such Mortgage Loan; provided that such documents are clearly labeled and identified.

 

“Diligence
File Certification”: As defined in Section 2.01(i) of this Agreement.

 

“Directing
Holder”: (a) With respect to all of the Serviced Loans other than a Serviced Outside Controlled Loan Combination and
any Excluded Mortgage Loan, the Controlling Class Representative, and (b) with respect to any Serviced Outside Controlled Loan
Combination, the related Outside Controlling Note Holder.

 

    -48- 

     

    

 

“Directly
Operate”: With respect to any REO Property, the furnishing or rendering of services to the tenants thereof that are
not customarily provided to tenants in connection with the rental of space “for occupancy only” within the meaning
of Treasury Regulations Section 1.512(b)-1(c)(5), the management or operation of such REO Property, the holding of such REO Property
primarily for sale to customers in the ordinary course of a trade or business or any use of such REO Property in a trade or business
conducted by the Trust Fund, or the performance of any construction work on the REO Property (other than the completion of a building
or improvement, where more than 10% of the construction of such building or improvement was completed before default became imminent),
other than through an Independent Contractor; provided, however, that the Special Servicer, on behalf of the Trust
Fund, shall not be considered to Directly Operate an REO Property solely because the Special Servicer, on behalf of the Trust
Fund, establishes rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance, or makes decisions
as to repairs or capital expenditures with respect to such REO Property or takes other actions consistent with Treasury Regulations
Section 1.856-4(b)(5)(ii).

 

“Disclosable
Special Servicer Fees”: With respect to any Serviced Loan or REO Property, any compensation and other remuneration (including,
without limitation, in the form of commissions, brokerage fees and rebates) received or retained by the Special Servicer or any
of its Affiliates that is paid by any Person (including, without limitation, the Trust, any Mortgagor, any Manager, any guarantor
or indemnitor in respect of a Serviced Loan and any purchaser of any Serviced Loan or REO Property (or an interest in an REO Property
related to a Serviced Loan Combination, if applicable) in connection with the disposition, workout or foreclosure of any Serviced
Loan, the management or disposition of any REO Property, and the performance by the Special Servicer or any such Affiliate of
any other special servicing duties under this Agreement, other than (1) any Special Servicing Compensation which is payable to
the Special Servicer under this Agreement, and (2) any Permitted Special Servicer/Affiliate Fees.

 

“Dispute
Resolution Consultation”: As defined in Section 2.03(g)(iii) of this Agreement.

 

“Dispute
Resolution Cut-off Date”: As defined in Section 2.03(g)(i) of this Agreement.

 

“Disqualified
Non-U.S. Tax Person”: With respect to a Class [R] Certificate, any Non-U.S. Tax Person or agent thereof other than (i)
a Non-U.S. Tax Person that holds the Class [R] Certificate in connection with the conduct of a trade or business within the United
States and has furnished the transferor and the Certificate Registrar with an effective IRS Form W-8ECI or (ii) a Non-U.S. Tax
Person that has delivered to both the transferor and the Certificate Registrar an opinion of a nationally recognized tax counsel
to the effect that the transfer of the Class [R] Certificate to it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of the Class [R] Certificate will not be disregarded for federal income
tax purposes.

 

“Disqualified
Organization”: Any of (a) the United States, a State or any political subdivision thereof, any possession of the United
States, or any agency or instrumentality of any of the foregoing (other than an instrumentality that is a corporation if all of
its activities are

 

    -49- 

     

    

 

subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of its board of directors
is not selected by any such governmental unit), (b) a foreign government, International Organization or agency or instrumentality
of either of the foregoing, (c) an organization that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed
by Code Section 511 on unrelated business taxable income) on any excess inclusions (as defined in Code Section 860E(c)(1)) with
respect to the Class [R] Certificates (except certain farmers’ cooperatives described in Code Section 521), (d) rural electric
and telephone cooperatives described in Code Section 1381(a)(2) or (e) any other Person so designated by the Certificate Registrar
based upon an Opinion of Counsel to the effect that any Transfer to such Person may cause either Trust REMIC to be subject to
tax or to fail to qualify as a REMIC for federal income tax purposes at any time that the Certificates are outstanding. For purposes
of this definition, the terms “United States,” “State” and “International Organization” shall
have the meanings set forth in Code Section 7701 or successor provisions.

 

“Distribution
Account”: Collectively, the Lower-Tier Distribution Account, the Upper-Tier Distribution Account, the Exchangeable Distribution
Account, the [loan-specific] REMIC Distribution Account and the Excess Interest
Distribution Account, each of which may be subaccounts of a single Eligible Account.

 

“Distribution
Date”: The [____] Business Day following the Determination Date in each month, commencing in [date].
The first Distribution Date shall be [date].

 

“Distribution
Date Statement”: As defined in Section 4.02(a) of this Agreement.

 

“Document
Defect”: As defined in Section 2.03(a) of this Agreement.

 

“Due
Date”: With respect to (i) any Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan on or prior
to its Maturity Date, the day of the month set forth in the related Note on which each Monthly Payment thereon is scheduled to
be first due, (ii) any Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan after the Maturity Date therefor,
the day of the month set forth in the related Note on which each Monthly Payment on such Mortgage Loan, Serviced Companion Loan
or Trust Subordinate Companion Loan, as the case may be, had been scheduled to be first due, and (iii) any REO Mortgage Loan or
REO Companion Loan, the day of the month set forth in the related Note on which each Monthly Payment on the related Mortgage Loan,
Serviced Companion Loan or Trust Subordinate Companion Loan, as the case may be, had been scheduled to be first due.

 

“Early
Termination Notice Date”: Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including
REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Principal Balance of the Mortgage Pool initially
included in the Trust Fund.

 

“EDGAR”:
The Commission’s Electronic Data Gathering and Retrieval System.

 

“EDGAR-Compatible
Format”: Any format compatible with EDGAR, including HTML, Word, Excel or clean, searchable PDFs.

 

    -50- 

     

    

 

“Eligible
Account”: Any of (i) a segregated account or accounts maintained with a federal or state chartered depository institution
or trust company (including the Trustee and the Certificate Administrator), the long-term unsecured debt obligations (or short-term
unsecured debt obligations if the account holds funds for less than 30 days) or commercial paper of which are rated by [RA1] in
its highest rating category at all times (or, in the case of the REO Account, Collection Account, Loan Combination Custodial Account,
Interest Reserve Account, Excess Liquidation Proceeds Reserve Account and Escrow Account, the long-term unsecured debt obligations
(or short-term unsecured debt obligations if the account holds funds for less than 30 days) of which are rated at least “[__]”
by [RA1] or, if applicable, the short-term rating equivalent thereof, which is at least “[__]” by [RA1]), (ii) an
account or accounts maintained with [financial institution] or [financial
institution] so long as [financial institution]’s or [financial
institution]s, as applicable, long-term unsecured debt rating or deposit account rating shall be at least “[__]”
by [RA1] (if the deposits are to be held in the account for more than 30 days) or [financial
institution]’s or [financial institution]’s, as applicable,
short-term deposit account or short-term unsecured debt rating shall be at least “[__]” by [RA1] (if the deposits
are to be held in the account for 30 days or less), (iii) (a) solely with respect to the escrow accounts and reserve accounts,
an account or accounts maintained at [financial institution] provided that [financial
institution]’s long-term unsecured debt rating is at least “[__]” by [RA1] and the aggregate amounts
in such escrow and reserve accounts do not exceed 10% of aggregate stated principal balance of all the Mortgage Loans and Serviced
Companion Loans and (b) with respect to any account other than the escrow accounts and reserve accounts, an account or accounts
maintained at [financial institution] provided that (1) [financial
institution]’s long-term unsecured debt rating is at least “[__]” by [RA1] if the deposits are to be
held in such account for more than 30 days and (2) [financial institution]’s
short-term unsecured debt rating is at least “[__]” by [RA1] if the deposits are to be held in such account for 30
days or less, (iv) a segregated trust account or accounts maintained with the corporate trust department of a federal or state
chartered depository institution or trust company that, in either case, has corporate trust powers, acting in its fiduciary capacity,
which institution or trust company has a combined capital and surplus of at least $50,000,000, is (in the case of a state chartered
depository institution or trust company) subject to regulations substantially similar to 12 C.F.R. §9.10(b), and is subject
to supervision or examination by federal and state authority, and the long-term unsecured debt obligations of which are rated
at least “[__]” by [RA1], (v) such other account or accounts that, but for the failure to satisfy one or more of the
minimum rating(s) set forth in the applicable clause, would be listed in clauses (i) - (iv) above, with respect to which a Rating
Agency Confirmation has been obtained from each Rating Agency for which the minimum ratings set forth in the applicable clause
is not satisfied with respect to such account, or (v) such other account or accounts not listed in clauses (i) - (iv) above with
respect to which a Rating Agency Confirmation has been obtained from each Rating Agency. Eligible Accounts may bear interest.
No Eligible Account shall be evidenced by a certificate of deposit, passbook or other similar instrument.

 

“Eligible
Asset Representations Reviewer”: An entity that (a) is the special servicer, operating advisor or asset representations
reviewer on a transaction rated by any of [INSERT APPLICABLE RATING AGENCIES] and that has not been a special servicer, operating
advisor or asset representations reviewer on a transaction for which any of [INSERT APPLICABLE RATING AGENCIES] has qualified,
downgraded or withdrawn its rating or

 

    -51- 

     

    

 

ratings of one or more classes of certificates for such transaction citing servicing or
other relevant concerns with such special servicer, operating advisor or asset representations reviewer, as applicable, as the
sole or material factor in such rating action, (b) can and will make the representations and warranties set forth in Section
2.10, (c) is not (and is not affiliated with) a Sponsor, a Mortgage Loan Seller, an originator, the Master Servicer, the Special
Servicer, the Depositor, the Certificate Administrator, the Trustee, the Directing Holder [, the Risk Retention Consultation Party]1
or any of their respective affiliates [and is not Risk Retention Affiliated with the Third Party Purchaser or any of its
affiliates]2, (d) has not performed (and is not affiliated with any party hired to perform) any due diligence, loan
underwriting, brokerage, borrower advisory or similar services with respect to any Mortgage Loan or any related Companion Loan
prior to the Closing Date for or on behalf of any Sponsor, any Mortgage Loan Seller, any Underwriter, any Initial Purchaser, the
Directing Holder [, the Risk Retention Consultation Party]1 or any of their respective Affiliates, or have been paid
any fees, compensation or other remuneration by any of them in connection with any such services, and (e) does not directly or
indirectly, through one or more Affiliates or otherwise, own any interest in any Certificates, any Mortgage Loans, any Companion
Loan or any securities backed by a Companion Loan or otherwise have any financial interest in the securitization transaction to
which this Agreement relates, other than in fees from its role as Asset Representations Reviewer (or as Operating Advisor, if
applicable).

 

“Eligible
Operating Advisor”: An institution (i) that is the special servicer or operating advisor on a transaction rated by any
of [INSERT APPLICABLE RATING AGENCIES] but has not been the special servicer or operating advisor on a transaction for which [INSERT
APPLICABLE RATING AGENCIES] has qualified, downgraded or withdrawn its rating or ratings of, one or more classes of certificates
for such transaction citing servicing concerns with the special servicer or operating advisor, as applicable, as the sole or material
factor in such rating action, (ii) that (x) has been regularly engaged in the business of analyzing and advising clients in commercial
mortgage-backed securities matters and has at least five years of experience in collateral analysis and loss projections, and
(y) has at least five years of experience in commercial real estate asset management and experience in the workout and management
of distressed commercial real estate assets, (iii) that can and will make the representations and warranties set forth in Section
2.09(a) of this Agreement, (iv) that is not (and is not affiliated with [(including Risk Retention Affiliated with)]2)
the Depositor, the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, any Mortgage Loan Seller,
the Controlling Class Representative [, the Third Party Purchaser]2 [, the Risk Retention Consultation Party]1
or a depositor, a trustee, a certificate administrator, a master servicer or special servicer with respect to the securitization
of a Companion Loan, or any of their respective Affiliates [(including Risk Retention Affiliates)]2, (v) that has not
been paid any fees, compensation or other remuneration by any Special Servicer or successor Special Servicer (x) in respect of
its obligations under this Agreement or (y) for the recommendation of the replacement of the Special Servicer or the appointment
of a successor special servicer to become the Special

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -52- 

     

    

 

Servicer and (vi) that does not directly or indirectly, through one or more
Affiliates or otherwise, own any interest in any Certificates, any Mortgage Loans, any Companion Loan or any securities backed
by a Companion Loan or otherwise have any financial interest in the securitization transaction to which this Agreement relates,
other than in fees from its role as Operating Advisor or any fees to which it is entitled as Asset Representations Reviewer, if
the Person acting as Operating Advisor is also acting as Asset Representations Reviewer

 

“Enforcing
Party”: The person obligated to enforce the rights of the Trust against the related Mortgage Loan Seller with respect
to the Repurchase Request.

 

“Environmental
Report”: The environmental audit report or reports with respect to each Mortgaged Property delivered to the related
Mortgage Loan Seller in connection with the origination or acquisition of the related Mortgage Loan.

 

“ERISA”:
The Employee Retirement Income Security Act of 1974, as it may be amended from time to time.

 

“ERISA
Restricted Certificate”: Any Class [loan-specific], Class [F], Class
[G] or Class [H] Certificate; provided that any such Certificate: (a) will cease to be considered an ERISA Restricted Certificate
and (b) will cease to be subject to the transfer restrictions with respect to ERISA Restricted Certificates contained in Section
5.03(n) of this Agreement if, as of the date of a proposed transfer of such Certificate, it is rated in one of the four highest
generic ratings categories by a credit rating agency that meets the requirements of the Underwriter Exemption or (ii) relevant
provisions of ERISA would permit the transfer of such Certificate to a Plan.

 

“Escrow
Account”: As defined in Section 3.04(b) of this Agreement.

 

“Escrow
Payment”: Any payment made by any Mortgagor to the Master Servicer pursuant to the related Mortgage, Lock-Box Agreement
or Loan Agreement for the account of such Mortgagor for application toward the payment of taxes, insurance premiums, assessments,
ground rents, mandated improvements and similar items in respect of the related Mortgaged Property.

 

“Euroclear”:
Euroclear Bank, as operator of the Euroclear System, and its successors in interest.

 

“Excess
Interest”: With respect to each ARD Mortgage Loan, interest accrued on such ARD Mortgage Loan after the Anticipated
Repayment Date allocable to the Excess Rate, including all interest accrued thereon to the extent permitted by applicable law
and the related Loan Documents. The Excess Interest on any ARD Mortgage Loan shall not be an asset of any Trust REMIC, but rather
shall be an asset of the Grantor Trust.

 

“Excess
Interest Certificates”: Any class of commercial mortgage pass-through certificates issued under this Agreement that
are designated as evidencing an interest in the Excess Interest Grantor Trust Assets. The Class [ARD] Certificates [and the Class
VRR Certificates] shall be the only class[es] of Excess Interest Certificates issued under this Agreement.

 

    -53- 

     

    

 

“Excess
Interest Distribution Account”: The trust account or subaccount created and maintained by the Certificate Administrator
pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject
to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “[certificate
administrator], as Certificate Administrator, on behalf of [trustee], as
Trustee, for the benefit of the registered Holders of [__________________] – Excess Interest Distribution Account”.
Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of
the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of the Lower Tier
REMIC or the Upper Tier REMIC, but rather shall be an asset of the Grantor Trust.

 

“Excess
Interest Grantor Trust Assets”: The portion of the Trust Fund consisting of the Excess Interest, the Excess Interest
Distribution Account and amounts held from time to time in the Excess Interest Distribution Account.

 

“Excess
Liquidation Proceeds”: With respect to any Mortgage Loan (and, in the case of the Trust AB Loan Combination, the Trust
Subordinate Companion Loan), the excess of (i) Liquidation Proceeds of that Mortgage Loan (and, in the case of the Trust AB Loan
Combination, the Trust Subordinate Companion Loan) or related REO Property (net of any related Liquidation Expenses and any amounts
payable to a related Serviced Companion Loan Holder pursuant to the related Co-Lender Agreement), over (ii) the amount that would
have been received if a Principal Payment in full had been made, and all other outstanding amounts had been paid, with respect
to such Mortgage Loan (and, in the case of the Trust AB Loan Combination, the Trust Subordinate Companion Loan) on the Due Date
immediately following the date on which such proceeds were received. With respect to any Outside Serviced Mortgage Loan, Excess
Liquidation Proceeds shall mean such Outside Serviced Mortgage Loan’s pro rata share of any “Excess Liquidation
Proceeds” determined in accordance with the applicable Outside Servicing Agreement and the related Co-Lender Agreement that
are received by the Trust.

 

“Excess
Liquidation Proceeds Reserve Account”: The trust account or subaccount created and maintained by the Certificate Administrator
pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the
identities of the Trustee and/or the Certificate Administrator) shall be entitled “[Certificate
Administrator], as Certificate Administrator, on behalf of [trustee], as
Trustee, for the benefit of the registered Holders of [__________________], Excess Liquidation Proceeds Reserve Account.”
Any such account shall be an Eligible Account.

 

“Excess
Modification Fees”: With respect to any Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination,
if applicable), the sum of (A) the excess of (i) any and all Modification Fees with respect to any modification, waiver, extension
or amendment of any of the terms of a Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable),
over (ii) all unpaid or unreimbursed Advances and Additional Trust Fund Expenses (including, without limitation, interest on unreimbursed
Advances to the extent not otherwise paid or reimbursed by the related Mortgagor (including indirect reimbursement from Penalty
Charges or otherwise), but excluding (1) Special Servicing Fees, Workout Fees and Liquidation Fees and (2) Borrower Delayed Reimbursements)

 

    -54- 

     

    

 

outstanding or previously incurred hereunder with respect to the related Serviced Mortgage Loan (or Serviced Loan Combination
or Trust AB Loan Combination, if applicable) and reimbursed from such Modification Fees (which such Advances and Additional Trust
Fund Expenses shall be reimbursed from such Modification Fees) and (B) Advances and Additional Trust Fund Expenses previously
paid or reimbursed from Modification Fees as described in the preceding clause (A), which Advances and Additional Trust Fund Expenses
have been recovered from the related Mortgagor as Penalty Charges, specific reimbursements or otherwise. All Excess Modification
Fees earned by the Special Servicer shall offset any future Workout Fees or Liquidation Fees payable with respect to the related
Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable) or REO Property; provided
that if the Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable) ceases being
a Corrected Loan, and is subject to a subsequent modification, any Excess Modification Fees earned by the Special Servicer prior
to such Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable) ceasing to be a Corrected
Loan shall no longer be offset against future Liquidation Fees and Workout Fees unless such Serviced Mortgage Loan (or Serviced
Loan Combination or Trust AB Loan Combination, if applicable) ceased to be a Corrected Loan within 18 months of it becoming a
modified Serviced Mortgage Loan (or modified Serviced Loan Combination or Trust AB Loan Combination, if applicable). If such Mortgage
Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable) ceases to be a Corrected Loan, the Special Servicer
shall be entitled to a Liquidation Fee or Workout Fee (to the extent not previously offset) with respect to the new modification,
waiver, extension or amendment or future liquidation of the Specially Serviced Loan or related REO Property (including in connection
with a repurchase, sale, refinance, discounted or full payoff or other liquidation); provided that any Excess Modification
Fees earned and paid to the Special Servicer in connection with such subsequent modification, waiver, extension or amendment (or,
as contemplated by the preceding proviso, a prior modification, waiver, extension or amendment) shall be applied to offset such
Liquidation Fee or Workout Fee to the extent described above. Within any prior [12-]month period, all Excess Modification Fees
earned by the Master Servicer or the Special Servicer (after taking into account any offset described above applied during such
[12-]month period) with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) shall be subject to
a cap equal to the greater of (i) [__]% of the outstanding principal balance of such Serviced Mortgage Loan (or Serviced Loan
Combination or Trust AB Loan Combination, if applicable) after giving effect to such transaction, and (ii) $[_______].

 

“Excess
Penalty Charges”: With respect to any Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination,
if applicable) and any Collection Period, the sum of (A) the excess of (i) any and all Penalty Charges collected in respect of
such Serviced Mortgage Loan (or Serviced Loan Combination or Trust AB Loan Combination, if applicable) during such Collection
Period, over (ii) all unpaid or unreimbursed Additional Trust Fund Expenses (including without limitation interest on Advances,
but excluding Special Servicing Fees, Workout Fees and Liquidation Fees) outstanding or previously incurred on behalf of the Trust
(and, if applicable, the related Serviced Companion Loan Holder) with respect to any Serviced Mortgage Loan (or Serviced Loan
Combination or Trust AB Loan Combination, if applicable) and reimbursed from such Penalty Charges (which such Additional Trust
Fund Expenses shall be reimbursed from such Penalty Charges) in accordance with Section 3.14 of this Agreement and (B)
expenses previously paid or reimbursed from Penalty

 

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Charges as described in the preceding clause (A), which expenses have been
recovered from the related Mortgagor or otherwise.

 

“Excess
Prepayment Interest Shortfall”: With respect to any Distribution Date, the aggregate amount, if any, by which the Prepayment
Interest Shortfalls with respect to all Principal Prepayments received with respect to the Mortgage Loans during the related Prepayment
Period exceeds the Compensating Interest Payment with respect to the Mortgage Loans.

 

“Excess
Rate”: With respect to each ARD Mortgage Loan, the excess of (i) the applicable Revised Rate over (ii) the applicable
Mortgage Rate, each as set forth in the Mortgage Loan Schedule.

 

“Excess
Servicing Fees”: With respect to each Mortgage Loan (including an REO Mortgage Loan), that portion of the Servicing
Fee that accrues at a per annum rate equal to the Excess Servicing Fee Rate.

 

“Excess
Servicing Fee Rate”: With respect to each Mortgage Loan (including an REO Mortgage Loan), a rate per annum equal
to the Servicing Fee Rate (minus the applicable fee rate, if any, set forth under the column labeled “Subservicing Fee Rate
(%)” on the Mortgage Loan Schedule) minus 0.0025%; provided that such rate shall be subject to reduction at any time
following any resignation of the Master Servicer pursuant to Section 6.04 of this Agreement (if no successor is appointed
in accordance with Section 6.04 of this Agreement) or any termination of the Master Servicer pursuant to Section 7.01
of this Agreement, to the extent reasonably necessary (in the sole discretion of the Trustee) for the Trustee to appoint a
qualified successor Master Servicer (which successor may include the Trustee) that meets the requirements of Section 7.02
of this Agreement.

 

“Excess
Servicing Fee Right”: With respect to each Mortgage Loan (including an REO Mortgage Loan with respect thereto), the
right to receive Excess Servicing Fees. In the absence of any transfer of the Excess Servicing Fee Right, the Master Servicer
shall be the owner of such Excess Servicing Fee Right.

 

“Exchange
Act”: The Securities Exchange Act of 1934, as amended and the rules and regulations thereunder.

 

“Exchange
Date”: As defined in Section 5.12(g) of this Agreement.

 

“Exchange
Election Notice”: As defined in Section 3.32(g) of this Agreement.

 

“Exchangeable
Certificate”: Any of the Class [A-S], Class [B], Class [EC] or Class [C] Certificates.

 

“Exchangeable
Distribution Account”: The trust account or subaccount created and maintained by the Certificate Administrator pursuant
to Section 3.05(d) of this Agreement in trust for the Holders of the Exchangeable Certificates, which (subject to any changes
in the identity of the Trustee and/or the Certificate Administrator) shall be entitled “[Certificate
Administrator], as Certificate Administrator, on behalf of [trustee], as
Trustee, for the

 

    -56- 

     

    

 

benefit of the registered Holders of [___________________], Exchangeable Distribution Account.” Any such
account shall be an Eligible Account. The Exchangeable Distribution Account shall not be an asset of any Trust REMIC formed hereunder,
but rather shall be an asset of the Grantor Trust.

 

“Exchangeable
Proportion”: Class [A-S], Class [B] and Class [C] Certificates that evidence equal Tranche Percentage Interests in the
related Class [EC] Regular Interests.

 

“Excluded
Controlling Class Holder”: With respect to any Excluded Controlling Class Mortgage Loan, the Controlling Class Representative
or any Controlling Class Certificateholder, as applicable, that is a Borrower Party with respect to such Excluded Controlling
Class Mortgage Loan. Promptly upon obtaining actual knowledge of any such party becoming an “Excluded Controlling Class
Holder”, the Controlling Class Certificateholder or Controlling Class Representative, as the case may be, shall provide
notice in the form of Exhibit M-1F hereto to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset
Representations Reviewer, the Trustee and the Certificate Administrator, which such notice shall be physically delivered in accordance
with Section 12.04 of this Agreement and shall specifically identify the Excluded Controlling Class Holder and the subject
Excluded Controlling Class Mortgage Loan. Additionally, any Excluded Controlling Class Holder shall also send to the Certificate
Administrator a notice substantially in the form of Exhibit M-1G hereto, which notice shall provide the [_______] Login
User ID associated with such Excluded Controlling Class Holder, and which notice shall direct the Certificate Administrator to
restrict such Excluded Controlling Class Holder’s access to the Certificate Administrator’s Website as and to the
extent provided in this Agreement.

 

“Excluded
Controlling Class Mortgage Loan”: Any Mortgage Loan or Loan Combination with respect to which, as of any date of determination,
the Controlling Class Representative or any Controlling Class Certificateholder, as applicable, is a Borrower Party. For the avoidance
of doubt, if a Mortgage Loan or a Loan Combination is not an Excluded Controlling Class Mortgage Loan, such Mortgage Loan or Loan
Combination also is not an Excluded Mortgage Loan.

 

“Excluded
Information”: With respect to any Excluded Controlling Class Mortgage Loan, any information and reports solely relating
to such Excluded Controlling Class Mortgage Loan and/or the related Mortgaged Property or portfolio of Mortgaged Properties, including,
without limitation, any Asset Status Reports, Final Asset Status Reports (or summaries thereof), any Appraisals, inspection reports
(related to Specially Serviced Loans conducted by the Special Servicer or the Excluded Special Servicer, as applicable), any Officer’s
Certificates delivered by the Master Servicer, the Special Servicer or the Trustee pursuant to Section 3.20(c) or Section
4.06(b) supporting a non-recoverability determination, the Operating Advisor Annual Reports, any determination of the Special
Servicer’s net present value calculation, any Appraisal Reduction Amount calculations, environmental assessments, seismic
reports and property condition reports and such other information and reports designated as Excluded Information (other than such
information with respect to such Excluded Controlling Class Mortgage Loan that is aggregated with information of other Mortgage
Loans at a pool level) by the Master Servicer, the Special Servicer or the Operating Advisor, as the case may be. For the avoidance
of doubt, any file or report contained in the CREFC® Investor Reporting

 

    -57- 

     

    

 

Package (CREFC® IRP) (other than the
CREFC® Special Servicer Loan File and CREFC® Special Servicer Property File relating to any Excluded Controlling
Class Mortgage Loan) and any Schedule AL Additional File shall not be considered “Excluded Information.” Each of the
Master Servicer, the Special Servicer or the Operating Advisor shall deliver any Excluded Information for posting to the Certificate
Administrator’s Website to the Certificate Administrator in accordance with Section 3.35 hereof. For the avoidance
of doubt, the Certificate Administrator’s obligation to segregate any information delivered to it under the “Excluded
Information” tab on the Certificate Administrator’s Website shall be triggered solely by such information being delivered
in the manner provided in Section 3.35 hereof.

 

“Excluded
Mortgage Loan”: A Mortgage Loan or Loan Combination with respect to which, as of any date of determination, the Controlling
Class Representative or a Controlling Class Certificateholder (or Controlling Class Certificateholders in the aggregate) of more
than 50% of the Controlling Class (by Certificate Balance) is a Borrower Party (or are Borrower Parties, as applicable). For the
avoidance of doubt, any Excluded Mortgage Loan is also an Excluded Controlling Class Mortgage Loan.

 

“Excluded
Mortgage Loan Special Servicer”: With respect to any Excluded Special Servicer Mortgage Loan, a Special Servicer that
is not a Borrower Party and satisfies all of the eligibility requirements applicable to the Special Servicer set forth in this
Agreement.

 

[“Excluded
RRCP Mortgage Loan”: With respect to any Risk Retention Consultation Party as of any date of determination, a Mortgage
Loan or Loan Combination with respect to which such Risk Retention Consultation Party or the Person(s) entitled to appoint such
Risk Retention Consultation Party is a Borrower Party.]1

 

“Excluded
Special Servicer Information”: With respect to any Excluded Special Servicer Mortgage Loan, any information and reports
solely relating to such Excluded Special Servicer Mortgage Loan and/or the related Mortgaged Property or portfolio of Mortgaged
Properties, including, without limitation, any Asset Status Reports, Final Asset Status Reports (or summaries thereof), any Appraisals,
inspection reports, any Officer’s Certificates delivered by the Master Servicer, the related Excluded Mortgage Loan Special
Servicer or the Trustee pursuant to Section 3.20(c) or Section 4.06(b) supporting a non-recoverability determination,
the Operating Advisor Annual Reports (provided that the Special Servicer or the Excluded Mortgage Loan Special Servicer, as applicable,
shall be entitled to access and view any Operating Advisor Annual Report relating to itself, even if such report also includes
information about any Excluded Special Servicer Mortgage Loan), any determination of the related Excluded Mortgage Loan Special
Servicer’s net present value calculation, any Appraisal Reduction Amount calculations, environmental assessments, seismic
reports and property condition reports and such other information and reports designated as Excluded Special Servicer Information
(other than such information with respect to such Excluded Special Servicer Mortgage Loan that is aggregated with information
of other Mortgage Loans at a pool level) by the Master Servicer, the related Excluded Mortgage Loan Special Servicer or the Operating
Advisor, as the case may be. For the avoidance of doubt, any file or report contained in the CREFC® Investor Reporting

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

    -58- 

     

    

 

Package
(CREFC® IRP) (other than the CREFC® Special Servicer Loan File and CREFC® Special Servicer Property File relating
to any Excluded Special Servicer Mortgage Loan) shall not be considered “Excluded Special Servicer Information.”

 

“Excluded
Special Servicer Mortgage Loan”: As of any date of determination, any Mortgage Loan or Loan Combination with respect
to which the related Special Servicer, to its knowledge, is a Borrower Party.

 

“FDIC”:
The Federal Deposit Insurance Corporation, and its successors in interest.

 

“Final
Asset Status Report”: With respect to any Specially Serviced Loan, each related Asset Status Report, together with such
other data or supporting information provided by the Special Servicer to the Operating Advisor or the related Directing Holder
[or any Risk Retention Consultation Party (other than with respect to any related Excluded RRCP Mortgage Loan]1) or
any related Serviced Companion Loan Holder (or its Companion Loan Holder Representative), in each case, which does not include
any communications (other than the related Asset Status Report) between the Special Servicer, on the one hand, and the related
Directing Holder[, any Risk Retention Consultation Party] and/or any related Serviced Companion Loan Holder (or its Companion
Loan Holder Representative), on the other hand, with respect to such Specially Serviced Loan; provided that no Asset Status
Report shall be considered to be a Final Asset Status Report unless any related Outside Controlling Note Holder (if a Serviced
Outside Controlled Loan Combination is involved) or, prior to the occurrence and continuance of a Control Termination Event, the
Controlling Class Representative (if any other Serviced Loan(s) (other than any Excluded Mortgage Loan) are involved), as applicable,
has either finally approved of and consented to the actions proposed to be taken in connection therewith, or has exhausted all
of its rights of approval and consent pursuant to this Agreement, or has been deemed to have approved or consented to such action,
or unless the Asset Status Report is otherwise implemented by the Special Servicer in accordance with this Agreement.

 

“Final
Dispute Resolution Election Notice”: As defined in Section 2.03(g)(iii) of this Agreement.

 

“Final
Recovery Determination”: With respect to any defaulted Mortgage Loan, Serviced Loan Combination or Trust Subordinate
Companion Loan that is a Specially Serviced Loan (or, in the case of an Outside Serviced Mortgage Loan, the equivalent under the
applicable Outside Servicing Agreement) or REO Mortgage Loan, as the case may be, a determination that there has been a recovery
of all Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds, REO Proceeds and other payments or recoveries that the
Special Servicer, or the related Outside Special Servicer with respect to an Outside Serviced Mortgage Loan (if it is a “Specially
Serviced Loan” (or an analogous concept) under the applicable Outside Servicing Agreement) or any related REO Property,
has determined in accordance with the Servicing Standard will ultimately be recoverable; provided that with respect to
each Outside Serviced Mortgage Loan, the Final Recovery Determination shall be made by the related Outside Special Servicer in
accordance with the applicable Outside Servicing Agreement.

 

    -59- 

     

    

 

“Form
8-K Disclosure Information”: As defined in Section 10.07 of this Agreement.

 

“General
Special Servicer”: As defined in Section 6.08(i) of this Agreement.

 

“Global
Certificates”: Any Certificate registered in the name of the Depository or its nominee.

 

“Grace
Period”: The number of days before a payment default is an event of default under the related Mortgage Loan and/or before
the imposition of late payment charges and/or default interest.

 

“Grantor
Trust”: A segregated asset pool within the Trust Fund, which at all times shall be treated as a “grantor trust”
under the Grantor Trust Provisions, consisting of (a) the Class [A-S] Specific Grantor Trust Assets, the Class [B] Specific Grantor
Trust Assets, the Class [C] Specific Grantor Trust Assets and the Class [EC] Specific Grantor Trust Assets, beneficial ownership
of which is represented by the Exchangeable Certificates, and (b) the Excess Interest Grantor Trust Assets, beneficial ownership
of which is represented by the Excess Interest Certificates.

 

“Grantor
Trust Certificates”: The Exchangeable Certificates and the Excess Interest Certificates, collectively.

 

“Grantor
Trust Provisions”: Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

 

“Ground
Lease”: The ground lease pursuant to which any Mortgagor holds a leasehold interest in the related Mortgaged Property.

 

“Hazardous
Materials”: Any dangerous, toxic or hazardous pollutants, chemicals, wastes, or substances, including, without limitation,
those so identified pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601
et seq., or any other environmental laws now or hereafter existing, and specifically including, without limitation, asbestos
and asbestos-containing materials, polychlorinated biphenyls, radon gas, petroleum and petroleum products, urea formaldehyde and
any substances classified as being “in inventory,” “usable work in process” or similar classification
which would, if classified as unusable, be included in the foregoing definition.

 

“Holder”:
With respect to any Certificate, a Certificateholder, and with respect to any Lower-Tier Regular Interest or Class [EC] Regular
Interest, the Trustee for the benefit of the Certificateholders.

 

[“HRR
Interest”: Collectively, the [Class [___], Class [____], Class [___] and Class [___]] Certificates, which are purchased
for cash by the Third Party Purchaser from the Initial Purchasers on the Closing Date.]

 

[“HRR
Interest Transfer Restriction Period”: With respect to the HRR Interest, the period from the Closing Date to the earliest
of: (i) the date that is latest of (A) the date on

 

    -60- 

     

    

 

which the aggregate unpaid principal balance of all outstanding Mortgage Loans
has been reduced to 33% of the aggregate Cut-off Date Balance of the Mortgage Loans, (B) the date on which the aggregate outstanding
Certificate Balance of the Principal Balance Certificates has been reduced to 33% of the aggregate outstanding Certificate Balance
of the Principal Balance Certificates as of the Closing Date, or (C) two (2) years after the Closing Date; (ii) the date on which
all of the Mortgage Loans have been defeased in accordance with the TPP Risk Retention Requirements set forth in Rule 7(b)(8)(i)
of Regulation RR; or (iii) the date on which Regulation RR has been officially abolished (and the securitization transaction contemplated
by this Agreement is not subject to any other applicable credit risk retention requirements under the Dodd-Frank Act) or, based
on a written opinion of counsel reasonably acceptable to the Depositor and the Retaining Sponsor, officially determined by the
Regulatory Agencies to be no longer applicable to the securitization transaction contemplated by this Agreement or the HRR Interest.]

 

“Impermissible
Risk Retention Affiliate”: As defined in Section 3.37 of this Agreement.

 

“Impermissible
TPP Affiliate”: As defined in Section 3.37 of this Agreement.

 

“Indemnified
Party”: As defined in Section 8.05(c) or Section 12.13(d), as applicable, of this Agreement, as the context
requires.

 

“Indemnifying
Party”: As defined in Section 8.05(c), Section 10.12 or Section 12.13(d), as applicable, of this
Agreement, as the context requires.

 

“Independent”:
When used with respect to any specified Person, any such Person who (i) does not have any direct financial interest, or any material
indirect financial interest, in any of a Mortgage Loan Seller, the Depositor, the Trustee, the Operating Advisor, the Certificate
Administrator, the Master Servicer, the Special Servicer, the Controlling Class Representative, any Mortgagor, any Companion Loan
Holder (or, if applicable, its Companion Loan Holder Representative), any Subordinate Loan-Specific Directing Certificateholder
(insofar as the relevant matter involves the Trust AB Loan Combination (whether alone or together with one or more other Mortgage
Loans)), the Operating Advisor, the Asset Representations Reviewer or any Affiliate thereof, and (ii) is not connected with any
such Person as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions;
provided, however, that a Person shall not fail to be Independent of the Mortgage Loan Sellers, the Depositor, the
Trustee, the Master Servicer, the Special Servicer, the Controlling Class Representative, the Operating Advisor, the Certificate
Administrator, any Mortgagor, any Companion Loan Holder (or, if applicable, its Companion Loan Holder Representative), the Subordinate
Loan-Specific Directing Certificateholders (insofar as the relevant matter involves the Trust AB Loan Combination (whether alone
or together with one or more other Mortgage Loans)), the Operating Advisor, the Asset Representations Reviewer or any Affiliate
thereof merely because such Person is (A) compensated for services by, or (B) the beneficial owner of 1% or less of any class
of securities issued by, the Depositor, the Mortgage Loan Sellers, the Trustee, the Master Servicer, the Special Servicer, the
Controlling Class Representative, the Operating Advisor, the Certificate Administrator, the Asset Representations Reviewer, any
Mortgagor, any Companion Loan Holder (or, if applicable, its Companion Loan Holder

 

    -61- 

     

    

 

Representative),
any Subordinate Loan-Specific Directing Certificateholder or any Affiliate thereof, as the case may be, provided that such
ownership constitutes less than 1% of the total assets owned by such Person. For the avoidance of doubt, the exception in the
proviso above for ownership of 1% or less of any Class of Certificates shall not apply with respect to the Operating Advisor or
the Asset Representations Reviewer.

 

“Independent
Contractor”: Either (i) any Person that would be an “independent contractor” with respect to the applicable
Trust REMIC within the meaning of Code Section 856(d)(3) if such Trust REMIC were a real estate investment trust (except that
the ownership tests set forth in that section shall be considered to be met by any Person that owns, directly or indirectly, 35%
or more of any Class or 35% or more of the aggregate value of all Classes of Certificates), provided that such Trust REMIC
does not receive or derive any income from such Person and the relationship between such Person and the Trust REMIC is at arm’s
length, all within the meaning of Treasury Regulations Section 1.856-4(b)(5) (except neither the Master Servicer nor the Special
Servicer shall be considered to be an Independent Contractor under the definition in this clause (i) unless an Opinion of Counsel
(at the expense of the party seeking to be deemed an Independent Contractor) addressed to the Master Servicer, the Trustee, the
Subordinate Loan-Specific Directing Certificateholder and the Certificate Administrator has been delivered to the Trustee, the
Subordinate Loan-Specific Directing Certificateholder and the Certificate Administrator to that effect) or (ii) any other Person
(including the Master Servicer and the Special Servicer) if the Master Servicer, on behalf of itself, the Trustee and the Certificate
Administrator has received an Opinion of Counsel (at the expense of the party seeking to be deemed an Independent Contractor)
to the effect that the taking of any action in respect of any REO Property by such Person, subject to any conditions therein specified,
that is otherwise herein contemplated to be taken by an Independent Contractor will not cause such REO Property to cease to qualify
as “foreclosure property” within the meaning of Code Section 860G(a)(8) (determined without regard to the exception
applicable for purposes of Code Section 860D(a)) or cause any income realized in respect of such REO Property to fail to qualify
as Rents from Real Property (provided that such income would otherwise so qualify).

 

“Initial
Purchasers”: Citigroup Global Markets Inc., [other initial purchasers].

 

“Initial
Requesting Certificateholder”: The first Certificateholder to deliver a Repurchase Request as described in Section 2.03(f)
with respect to a Mortgage Loan. For the avoidance of doubt, there may not be more than one Initial Requesting Certificateholder
with respect to any Mortgage Loan.

 

“Inquiries”:
As defined in Section 4.02(a) of this Agreement.

 

“Institutional
Accredited Investor”: An entity that qualifies as an “accredited investor” within the meaning of Rule 501(a)
(1), (2), (3) or (7) under the Act or any entity in which all of the equity owners qualify as “accredited investors”
within the meaning of Rule 501(a) (1), (2), (3) or (7) under the Act.

 

“Insurance
Proceeds”: Proceeds of any fire and hazard insurance policy, title policy or other insurance policy relating to a Mortgage
Loan (including an Outside Serviced

    -62- 

     

    

 

Mortgage Loan) (including any amounts paid by the Master Servicer pursuant to Section 3.07
of this Agreement); provided that, in the case of an Outside Serviced Mortgage Loan, “Insurance Proceeds”
under this Agreement shall be limited to any related proceeds of the type described above in this definition that are received
by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related
Co-Lender Agreement or, if no allocation is provided in the related Co-Lender Agreement, as allocated pursuant to the applicable
Outside Servicing Agreement.

 

“Insurance
Summary Report”: With respect to each Mortgage Loan, a report or other summary prepared either by the related Mortgage
Loan Seller or a third party insurance consultant on behalf of the related Mortgage Loan Seller that provides a summary of all
insurance policies covering the related Mortgaged Property(ies), identifying the insurance provider, applicable ratings of each
such provider and the amount of coverage and any applicable deductible.

 

“Interest
Accrual Amount”: With respect to any Distribution Date and any Class of Principal Balance Certificates or Interest-Only
Certificates or any Trust Component is equal to interest for the related Interest Accrual Period accrued at the Pass-Through Rate
for such Class or Trust Component on the Certificate Balance or Notional Amount, as applicable, for such Class or Trust Component
immediately prior to that Distribution Date. Calculations of interest for each Interest Accrual Period will be made on [30/360
Basis], except that interest on the [LOAN-SPECIFIC CLASS] Certificates will be calculated on an [Actual/360 Basis]. [THERE MAY
BE OTHER INTEREST CALCULATION CONVENTIONS, SUCH AS ACTUAL/365, AND ACTUAL/ACTUAL]

 

“Interest
Accrual Period”: For each Distribution Date will be [the calendar month prior to the month in which that Distribution
Date occurs].

 

“Interest
Distribution Amount”: With respect to any Distribution Date and any class of Principal Balance Certificates or Interest-Only
Certificates or any Trust Component will equal (A) the sum of (i) the Interest Accrual Amount with respect to such class or Trust
Component for such Distribution Date and (ii) the Interest Shortfall, if any, with respect to such class or Trust Component for
such Distribution Date, less (B) any Excess Prepayment Interest Shortfall allocated to such class or Trust Component on such Distribution
Date pursuant to Section 4.01(k).

 

“Interest
Reserve Account”: The trust account or subaccount created and maintained by the Certificate Administrator pursuant to
Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator)
shall be entitled “[Certificate Administrator], as Certificate Administrator,
on behalf of [trustee], as Trustee, for the benefit of the registered Holders of
[_______________], Interest Reserve Account” and which shall be an Eligible Account.

 

“Interest
Shortfall”: With respect to any Distribution Date for any Class of Principal Balance Certificates or Interest-Only Certificates
or any Trust Component is the [sum of (a) the] portion of the Interest Distribution Amount for such Class or Trust Component remaining
unpaid as of the close of business on the preceding Distribution Date[, and (b) to the

 

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extent permitted by applicable law, (i)
other than in the case of the Interest-Only Certificates, one month’s interest on that amount remaining unpaid at the Pass-Through
Rate applicable to such class or Trust Component for the current Distribution Date and (ii) in the case of a Class of Interest-Only
Certificates, one month’s interest on that amount remaining unpaid at the WAC Rate for such Distribution Date].

 

“Interest-Only
Certificates”: The [interest-only] Certificates, collectively.

 

“Interested
Person”: As of any date of determination, the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor,
the Trustee, the Asset Representations Reviewer, the Certificate Administrator, the Controlling Class Representative, any Mortgage
Loan Seller, any sponsor, any Mortgagor, any holder of a related mezzanine loan, any manager of a Mortgaged Property, any Independent
Contractor engaged by the Special Servicer pursuant to Section 3.16 of this Agreement, or any Person actually known to
a Responsible Officer of the Trustee or the Certificate Administrator to be an Affiliate of any of the preceding entities; and,
with respect to a Defaulted Serviced Loan Combination, the related Other Depositor, the master servicer, the special servicer
(or any independent contractor engaged by such special servicer), or the trustee for the related Other Securitization Trust, the
related Serviced Companion Loan Holder or its Companion Loan Holder Representative, any holder of a related mezzanine loan, or
any Person actually known to a Responsible Officer of the Trustee or the Certificate Administrator to be an Affiliate of any of
the preceding entities.

 

“Investment”:
Any direct or indirect ownership interest in any security, note or other financial instrument related to the Certificates or issued
or executed by a Mortgagor, a loan directly or indirectly secured by any of the foregoing or a hedging transaction (however structured)
that references or relates to any of the foregoing.

 

“Investment
Account”: As defined in Section 3.07(a) of this Agreement.

 

“Investment
Company Act”: The Investment Company Act of 1940, as it may be amended from time to time.

 

“Investment
Decisions”: Investment, trading, lending or other financial decisions, strategies or recommendations with respect to
Investments, whether on behalf of the Master Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof,
the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof, or the Trustee or any
Affiliate thereof, as applicable, or any Person on whose behalf the Master Servicer or any Affiliate thereof, the Special Servicer
or any Affiliate thereof, the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof,
or the Trustee or any Affiliate thereof, as applicable, has discretion in connection with Investments.

 

“Investor
Certification”: A certificate representing that such Person executing the certificate is a Certificateholder, a Certificate
Owner or a prospective purchaser of a Certificate (or any investment advisor or manager of the foregoing), the Controlling Class
Representative (to the extent the Controlling Class Representative is not a Certificateholder or a Certificate Owner)[, a Risk
Retention Consultation Party (to the extent such Risk Retention Consultation

 

    -64- 

     

    

 

Party
is not a Certificateholder or Certificate Owner)]1 or a Serviced Companion Loan Holder or its Companion Loan
Holder Representative, and that (i) for purposes of obtaining certain information and notices (including access to
information and notices on the Certificate Administrator’s Website) pursuant to this Agreement, (A) (1) in the case of
a Person that is neither the Controlling Class Representative nor a Controlling Class Certificateholder, such Person is or is
not a Borrower Party [and such Person is or is not a Risk Retention Consultation Party]1 or (2) in the case of the
Controlling Class Representative or a Controlling Class Certificateholder, such Person is or is not a Borrower Party as to
any identified Excluded Controlling Class Mortgage Loan, and (B) except in the case of a Serviced Companion Loan Holder or
its Companion Loan Holder Representative, such Person has received a copy of the Prospectus, which certificate shall be
substantially in the form of Exhibit M-1A, Exhibit M-1B, Exhibit M-1C, Exhibit M-1D or Exhibit
M-1E to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s
Website, and/or (ii) for purposes of exercising Voting Rights (which does not apply to a prospective purchaser of a
Certificate, a Serviced Companion Loan Holder or its Companion Loan Holder Representative), (A) (1) such Person is not a
Borrower Party or (2) in the case of the Controlling Class Representative or any Controlling Class Certificateholder, such
Person is a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, (B) such Person is or is not the
Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage Loan Special Servicer, the Trustee, the
Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate
of any of the foregoing and (C) such Person has received a copy of the Prospectus, which certificate shall be substantially
in the form of Exhibit M-2A or Exhibit M-2B to this Agreement or in the form of an electronic certification
(which may be a click-through confirmation) contained on the Certificate Administrator’s Website or the Master
Servicer’s website. The Certificate Administrator may require that Investor Certifications are resubmitted from time to
time in accordance with its policies and procedures. For the avoidance of doubt if a Borrower Party is the Controlling Class
Representative or a Controlling Class Certificateholder, such Person (A) shall be prohibited from having access to the
Excluded Information solely with respect to the related Excluded Controlling Class Mortgage Loan and (B) shall not be
permitted to exercise voting or control, consultation and/or special servicer appointment rights as a member of the
Controlling Class solely with respect to the related Excluded Controlling Class Mortgage Loan.

 

“Investor
Q&A Forum”: As defined in Section 4.02(a) of this Agreement.

 

“Investor
Registry”: As defined in Section 4.02(a) of this Agreement.

 

“IRS”:
The Internal Revenue Service.

 

“Liquidation
Event”: With respect to any Mortgage Loan or Trust Subordinate Companion Loan (or, solely with respect to clauses
(i), (ii), (v), (vi) and (vii) below, any Serviced Loan Combination or the senior portion thereof),
any of the following events: (i) such Mortgage Loan or Trust Subordinate Companion Loan (or Serviced Loan Combination or the senior
portion thereof) is paid in full; (ii) a Final Recovery Determination is made with respect to

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

    -65- 

     

    

 

such Mortgage Loan or Trust Subordinate
Companion Loan (or Serviced Loan Combination or the senior portion thereof); (iii) such Mortgage Loan or Trust Subordinate Companion
Loan is repurchased or substituted for, or a Loss of Value Payment with respect to such Mortgage Loan is made, by the applicable
Mortgage Loan Seller pursuant to Section 6 of the related Loan Purchase Agreement; (iv) such Mortgage Loan or Trust Subordinate
Companion Loan is purchased or otherwise acquired by the Special Servicer, the Master Servicer, the Holders of the Controlling
Class, Holders of the Class [R] Certificates, any Companion Loan Holder, Subordinate Loan-Specific Directing Certificateholder
or the Remaining Certificateholder pursuant to Section 9.01 of this Agreement; (v) such Mortgage Loan or Trust Subordinate
Companion Loan (or Serviced Loan Combination or the senior portion thereof) is purchased by the holder of a mezzanine loan or
a Companion Loan pursuant to the related intercreditor, co-lender or similar agreement; (vi) the taking of a Mortgaged Property
(or portion thereof) by exercise of the power of eminent domain or condemnation; (vii) such Mortgage Loan or Trust Subordinate
Companion Loan (or Serviced Loan Combination or the senior portion thereof) is purchased by any Person in accordance with Section
3.17 of this Agreement; or (viii) in the case of an Outside Serviced Mortgage Loan, such Mortgage Loan is liquidated by any
party pursuant to terms analogous to those set forth in the preceding clauses contained in the applicable Outside Servicing Agreement
and/or the related Co-Lender Agreement. With respect to any REO Property (and the related REO Mortgage Loan or REO Companion Loan),
any of the following events: (i) a Final Recovery Determination is made with respect to such REO Property; (ii) such REO Property
is purchased or otherwise acquired by the Master Servicer, the Special Servicer, Holders of the Controlling Class, Holders of
the Class [R] Certificates or the Remaining Certificateholder pursuant to Section 9.01 of this Agreement; (iii) the taking
of a REO Property (or portion thereof) by exercise of the power of eminent domain or condemnation; (iv) such REO Property is purchased
by the holder of a mezzanine loan pursuant to the related intercreditor agreement; or (v) such REO Property is purchased by another
party in accordance with Section 3.17 of this Agreement.

 

“Liquidation
Expenses”: All customary, reasonable and necessary costs and expenses incurred by the Master Servicer, the Special Servicer,
the Certificate Administrator and the Trustee in connection with the liquidation of any Specially Serviced Loan or REO Property
acquired in respect thereof or final payoff of a Corrected Loan (including, without limitation, legal fees and expenses, committee
or referee fees, and, if applicable, brokerage commissions, and conveyance taxes associated with such Mortgage Loan or Mortgaged
Property).

 

“Liquidation
Fee”: (i) With respect to each Specially Serviced Loan as to which the Special Servicer receives a full or discounted
payoff (or unscheduled partial payment to the extent such prepayment is required by the Special Servicer as a condition to a workout)
from the related Mortgagor, (ii) except as otherwise described below, with respect to any Serviced Mortgage Loan (or Trust Subordinate
Companion Loan or Serviced Loan Combination, if applicable) repurchased or substituted, or with respect to which a Loss of Value
Payment is made, as contemplated by Section 2.03 of this Agreement, and (iii) with respect to any Specially Serviced Loan
or any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) as to which the Special Servicer
receives Liquidation Proceeds, Insurance Proceeds or Condemnation Proceeds, an amount calculated by the application of the applicable
Liquidation Fee Rate to the related payment or proceeds (exclusive of any portion of such payoff or proceeds that represents Penalty
Charges); provided that the Liquidation Fee with respect to

 

    -66- 

     

    

 

such Specially Serviced Loan or REO Property shall be reduced
by the amount of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the Specially Serviced
Loan or REO Property as described in the definition of “Excess Modification Fees” in this Agreement, but only to the
extent those fees have not previously been deducted from a Workout Fee or Liquidation Fee; provided, however, that,
except as contemplated by the preceding proviso with respect to offset in connection with Excess Modification Fees and the next
two (2) provisos, no Liquidation Fee will be less than $25,000; provided, further, that (a) the Liquidation Fee
shall be zero with respect to any Serviced Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination or any
Mortgaged Property purchased, repurchased, substituted for pursuant to clauses (iii) through (v) of the first sentence of the
definition of Liquidation Event (unless with respect to (A) clause (iii), the applicable Mortgage Loan Seller does not repurchase
or substitute for such Mortgage Loan or Trust Subordinate Companion Loan until after more than 120 days following its receipt
of notice or discovery of the Material Defect that gave rise to the particular repurchase or substitution obligation, and (B)
clause (v), the applicable mezzanine loan holder (based on a purchase option set forth under the related intercreditor agreement)
or the applicable Subordinate Companion Loan Holder (based on a purchase option set forth under the related Co-Lender Agreement)
does not purchase such Serviced Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination (or senior portion
thereof) within 90 days of the date that the first purchase option related to the subject Servicing Transfer Event first becomes
exercisable under the related intercreditor agreement or the related Co-Lender Agreement, as applicable) or pursuant to clauses
(ii) or (iv) of the second sentence of the definition of Liquidatin Event (unless with respect to clause (iv), the applicable
mezzanine loan holder (based on a purchase option set forth under the related intercreditor agreement) or the applicable Subordinate
Companion Loan Holder (based on a purchase option set forth under the related Co-Lender Agreement) does not purchase such REO
Property within 90 days of the date that the first purchase option related to the subject Servicing Transfer Event first becomes
exercisable under the related intercreditor agreement or the related Co-Lender Agreement, as applicable), (b) the Liquidation
Fee shall be zero with respect to any Serviced Mortgage Loan or Serviced Loan Combination or any Mortgaged Property with respect
to which a Loss of Value Payment is made as contemplated by Section 2.03(a) of this Agreement unless the applicable Mortgage
Loan Seller does not make the particular Loss of Value Payment with respect to such Mortgage Loan until after more than 120 days
following its receipt of notice or discovery of the Material Defect that gave rise to the payment of the particular Loss of Value
Payment, and (c) the Liquidation Fee with respect to each Serviced Mortgage Loan or REO Mortgage Loan repurchased or substituted
for after more than 120 days following the Mortgage Loan Seller’s receipt of notice or discovery of a Material Defect shall
be in an amount equal to the Liquidation Fee Rate of the outstanding principal balance of such Serviced Mortgage Loan or REO Mortgage
Loan; provided, further that if a Serviced Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination
becomes a Specially Serviced Loan only because of an event described in clause (a)(ii) of the definition of Specially Serviced
Loan as a result of a payment default at maturity and the related Liquidation Proceeds or payment are received within 90 days
following the related default in connection with the full and final payoff or refinancing of the related Serviced Mortgage Loan,
Trust Subordinate Companion Loan or Serviced Loan Combination, if applicable, the Special Servicer will not be entitled to collect
a Liquidation Fee, but may collect and retain appropriate fees from the related Mortgagor in connection with such liquidation.

 

    -67- 

     

    

 

“Liquidation
Fee Rate”: A rate equal to the lesser of (a) such rate as would result in a Liquidation Fee of $[__________] and (b)
[___]%; provided, however, that except as contemplated in the definition of “Liquidation Fee”, no Liquidation Fee
will be less than $[______].

 

“Liquidation
Proceeds”: The amount (other than Insurance Proceeds and Condemnation Proceeds) received in connection with (i) a full
or discounted payoff (or unscheduled partial payment to the extent such prepayment is required by the Special Servicer as a condition
to a workout) with respect to a Specially Serviced Loan, (ii) a Liquidation Event, or (iii) the transfer of any Loss of Value
Payments from the Loss of Value Reserve Fund to the Collection Account in accordance with Section 3.06(c) of this Agreement
(provided that, for the purpose of determining the amount of the Liquidation Fee (if any) payable to the Special Servicer
in connection with such Loss of Value Payment, the full amount of such Loss of Value Payment shall be deemed to constitute “Liquidation
Proceeds” from which the Liquidation Fee (if any) is payable as of such time such Loss of Value Payment is made by the applicable
Mortgage Loan Seller).

 

“Loan
Agreement”: With respect to any Mortgage Loan or Serviced Loan Combination, the loan agreement, if any, between the
related originator(s) and the Mortgagor, pursuant to which such Mortgage Loan or Serviced Loan Combination was made.

 

“[loan-specific]
AB Loan Combination”: Collectively, the loan combination that is subject to the [LOAN-SPECIFIC] Intercreditor Agreement,
which is evidenced by the [LOAN-SPECIFIC] Mortgage Notes and secured by a single Mortgage on the [LOAN-SPECIFIC] Mortgaged Property.
References herein to the [LOAN-SPECIFIC] AB Loan Combination shall be construed to refer to the aggregate indebtedness under the
[LOAN-SPECIFIC] Mortgage Loan and the related Trust Subordinate Companion Loan.

 

“[loan-specific]
Available Funds”: With respect to the Class [LOAN-SPECIFIC] Certificates, the Trust Subordinate Companion Loan and any
Distribution Date, the aggregate amount to the extent on deposit in the Collection Account on such Distribution Date, of all cash
received on or in respect of the Trust Subordinate Companion Loan (including Liquidation Proceeds and any Purchase Price proceeds
received as a result of a purchase of the related Trust Subordinate Companion Loan pursuant to Section 3.24 and that was paid
to the Trust as the holder of the related Trust Subordinate Companion Loan in accordance with the terms of the related intercreditor
agreement and this Agreement or otherwise, in each case, as of the related P&I Advance Date, exclusive of (without duplication):

 

(a)            all
Monthly Payments paid by the Mortgagors on the Trust Subordinate Companion Loan collected but due on a Due Date subsequent to
the related Collection Period, excluding interest relating to periods prior to, but due after, the Cut-off Date;

 

(b)            all
unscheduled Principal Prepayments (together with any related payments of interest allocable to the period following the related
Due Date for the Trust Subordinate Companion Loan), Liquidation Proceeds, Insurance and Condemnation Proceeds and other unscheduled
recoveries received with respect to the Trust AB Loan

 

    -68- 

     

    

 

Combination allocable to the Trust Subordinate Companion Loan in accordance
with the terms of the related intercreditor agreement subsequent to the related Determination Date;

 

(c)            all
amounts in the Collection Account that are due or reimbursable to any person other than the Holders of the Class [LOAN-SPECIFIC]
Certificates;

 

(d)            all
Yield Maintenance Charges in respect of the Trust Subordinate Companion Loan;

 

(e)            all
amounts deposited in the Collection Account and, without duplication, the [LOAN-SPECIFIC] REMIC Distribution Account in respect
of the Trust Subordinate Companion Loan in error; and any Penalty Charges allocable to the Trust Subordinate Companion Loan.

 

“[loan-specific]
Control Appraisal Period”: The “Control Appraisal Period” identified in the [LOAN-SPECIFIC] Intercreditor
Agreement; provided, however, a [LOAN-SPECIFIC] Control Appraisal Period shall not be deemed to have occurred in the event that
the Subordinate Loan-Specific Directing Certificateholder exercises a “Threshold Event Cure” on behalf of the “Controlling
Noteholder” (each as defined therein) within thirty (30) days of a “Control Appraisal Period” occurring thereunder.

 

“[LOAN-SPECIFIC]
Intercreditor Agreement”: That certain Agreement Between Noteholders, dated as of [INTERCREDITOR AGREEMENT DATE], by
and between the holder of the [LOAN-SPECIFIC] Trust Subordinate Companion Loan and the holder of the [LOAN-SPECIFIC] Mortgage
Loan, relating to the relative rights of such holders of the [LOAN-SPECIFIC] AB Loan Combination, as the same may be further amended
in accordance with the terms thereof.

 

“[LOAN-SPECIFIC]
Interest Accrual Amount”: With respect to any Distribution Date and the Class [LOAN-SPECIFIC] Certificates, is equal
to interest for the related Interest Accrual Period accrued at the Pass-Through Rate for such Class on the Certificate Balance
for such Class immediately prior to that Distribution Date. Calculations of interest for each Interest Accrual Period will be
made on an [Actual/360 Basis]. [CHANGE ACCRUAL CONVENTION AS NEEDED]

 

“[LOAN-SPECIFIC]
Interest Distribution Amount”: With respect to the Class [LOAN-SPECIFIC] Certificates for any Distribution Date, an
amount equal to (A) the sum of (i) the [LOAN-SPECIFIC] Interest Accrual Amount with respect to such Class for such Distribution
Date and (ii) the [LOAN-SPECIFIC] Interest Shortfall, if any, with respect to such Class for such Distribution Date, less (B)
any Excess Prepayment Interest Shortfall allocated to such Class on such Distribution Date.

 

“[LOAN-SPECIFIC]
Interest Shortfall”: With respect to any Distribution Date for the Class [LOAN-SPECIFIC] Certificates, is the sum of
(a) the portion of the Interest Distribution Amount for such Class remaining unpaid as of the close of business on the preceding
Distribution Date, and (b) to the extent permitted by applicable law[, one month’s interest on that amount remaining unpaid
at the Pass-Through Rate applicable to such Class for the current Distribution Date].

 

    -69- 

     

    

 

“[LOAN-SPECIFIC]
Majority Certificateholder”: The Certificateholder(s) holding more than fifty percent (50%) of the Certificate Balance
of the Class [LOAN-SPECIFIC] Certificates.

 

“[LOAN-SPECIFIC]
Mortgage Loan”: With respect to the [LOAN-SPECIFIC] AB Loan Combination, the senior interest that is included in the
Trust (identified as Mortgage Loan No. [2] on the Mortgage Loan Schedule), which is evidenced by the related promissory note [A],
and is senior in right of payment to the [LOAN-SPECIFIC] Trust Subordinate Companion Loan to the extent set forth in the [LOAN-SPECIFIC]
Intercreditor Agreement.

 

“[LOAN-SPECIFIC]
Mortgage Notes”: Either of the promissory notes evidencing the [LOAN-SPECIFIC] AB Loan Combination made by the related
mortgagor and secured by the mortgage on the [LOAN-SPECIFIC] Mortgaged Property, as the context requires.

 

“[LOAN-SPECIFIC]
Mortgaged Property”: The Mortgaged Property that secures the [LOAN-SPECIFIC] AB Loan Combination.

 

“[LOAN-SPECIFIC]
Pass-Through Rate”: With respect to any Distribution Date, a per annum rate equal to a fixed rate of [_____]%.

 

“[LOAN-SPECIFIC]
Principal Distribution Amount”: With respect to the Class [LOAN-SPECIFIC] Certificates and any Distribution Date, an
amount equal to the sum of (a) the [LOAN-SPECIFIC] Principal Shortfall for such Distribution Date and (b) the amount of principal
distributable on such Distribution Date in respect of the Trust Subordinate Companion Loan (i) in accordance with the related
intercreditor agreement, or (ii) as a result of the sale of the Trust Subordinate Companion Loan in accordance with the terms
hereof.

 

“[LOAN-SPECIFIC]
Principal Shortfall”: With respect to any Distribution Date after the initial Distribution Date and the Class [LOAN-SPECIFIC]
Certificates, the amount, if any, by which (a) the [LOAN-SPECIFIC] Principal Distribution Amount for the preceding Distribution
Date exceeds (b) the aggregate amount actually distributed in respect of principal on the Class [LOAN-SPECIFIC] Certificates for
such preceding Distribution Date. The [LOAN-SPECIFIC] Principal Shortfall for the Class [LOAN-SPECIFIC] Certificates for the initial
Distribution Date will be zero.

 

“[LOAN-SPECIFIC]-R
Interest”: The uncertificated residual interest in the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC, represented
by the Class [R] Certificates.

 

“[LOAN-SPECIFIC]
Realized Loss”: With respect to the [LOAN-SPECIFIC] Certificates, Realized Losses.

 

“[LOAN-SPECIFIC]
REMIC Distribution Account”: With respect to the Trust Subordinate Companion Loan, the segregated trust account or accounts
created and maintained as a separate account or accounts by the Certificate Administrator (on behalf of the Trustee) pursuant
to Section 3.05(f) of this Agreement, which shall be entitled “[CERTIFICATE ADMINISTRATOR], as Certificate Administrator,
for the benefit of [TRUSTEE], as Trustee, for the benefit of the holders of [TRUST] [TRANSACTION DESIGNATION], Commercial

 

    -70- 

     

    

 

Mortgage
Pass-Through Certificates, [LOAN-SPECIFIC] REMIC Distribution Account,” and which must be an Eligible Account or a subaccount
of an Eligible Account. The [LOAN-SPECIFIC] REMIC Distribution Account shall not be an asset of Lower-Tier REMIC or the Upper-Tier
REMIC formed hereunder, but rather shall be an asset of the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC.

 

“[LOAN-SPECIFIC]
Trust Subordinate Companion Loan”: The subordinate interest in the [LOAN-SPECIFIC] AB Loan Combination made by the related
mortgagor and secured by the mortgage on the [LOAN-SPECIFIC] Mortgaged Property and designated as promissory note [B], which is
included in the Trust, which is subordinate in right of payment to the [LOAN-SPECIFIC] Mortgage Loan to the extent set forth in
the [LOAN-SPECIFIC] Intercreditor Agreement, and which is evidenced by a separate Class of Certificates, the Class [LOAN-SPECIFIC]
Certificates.

 

“[LOAN-SPECIFIC]
Trust Subordinate Companion Loan REMIC”: One of three separate REMICs comprising a portion of the Trust Fund, which
consist of the Trust Subordinate Companion Loan and the proceeds thereof, any allocable portion of REO Property with respect thereto,
the related portions of the REO Account, and the [LOAN-SPECIFIC] REMIC Distribution Account.

 

“Loan
Combination”: An aggregate debt consisting of a particular Mortgage Loan that is an asset of the Trust and one or more
other mortgage loans (each of which is referred to as a “Companion Loan”) that are not assets of the Trust,
which Mortgage Loan and related Companion Loan(s) are: (i) each evidenced by one or more separate Notes; (ii) cross-defaulted
with each other; and (iii) all secured by the same Mortgage(s) encumbering the same Mortgaged Property or portfolio of Mortgaged
Properties. The term “Loan Combination” shall include any successor REO Mortgage Loan and the related successor REO
Companion Loan(s) (or the related deemed Companion Loan(s), if applicable)). [The only Loan Combinations related to the Trust
as of the Closing Date are the [_____________________] Loan Combination.]

 

“Loan
Combination Custodial Account”: With respect to any Serviced Loan Combination, the respective segregated account or
sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the
holders of such Serviced Loan Combination, which (subject to any changes in the identities of the Master Servicer and/or the Trustee)
shall be entitled “[Master servicer], as Master Servicer, on behalf of [trustee],
as Trustee, for the benefit of the registered Holders of [_________________], and the related Serviced Companion Loan Holder,
as their interests may appear.”

 

“Loan
Combination Special Servicer”: Any Person responsible for performing the duties of Special Servicer hereunder with respect
to a Serviced Loan Combination or any related REO Property.

 

“Loan
Documents”: With respect to any Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan, the documents
executed or delivered in

 

    -71- 

     

    

 

connection with the origination or any subsequent modification of such Mortgage Loan or Serviced Loan
Combination, as applicable, or subsequently added to the related Mortgage File.

 

“Loan
Number”: With respect to any Mortgage Loan, the loan number by which such Mortgage Loan was identified on the books
and records of the Depositor or any Sub-Servicer for the Depositor, as set forth in the Mortgage Loan Schedule.

 

“Loan-to-Value
Ratio”: With respect to any Mortgage Loan or Serviced Loan Combination, as of any date of determination, the fraction,
expressed as a percentage, the numerator of which is the then unpaid principal balance of such Mortgage Loan or Serviced Loan
Combination, as applicable, and the denominator of which is the Appraised Value of the related Mortgaged Property as determined
by an Appraisal thereof.

 

“Lock-Box
Account”: With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating
to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box
Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment
income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and
Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

 

“Lock-Box
Agreement”: With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement,
if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have
been established.

 

“Loss
of Value Payment”: As defined in Section 2.03(a) of this Agreement.

 

“Loss
of Value Reserve Fund”: The “outside reserve fund” (within the meaning of Treasury Regulations Section 1.860G-2(h))
designated as such pursuant to Section 3.05(h) of this Agreement. The Loss of Value Reserve Fund will be part of the Trust
Fund but not part of the Grantor Trust or any Trust REMIC.

 

“Lower-Tier
Distribution Account”: The account or accounts created and maintained as a separate account (or separate sub-account
within the same account as the Upper-Tier Distribution Account) or accounts by the Certificate Administrator pursuant to Section
3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator)
shall be entitled “[certificate administrator], as Certificate Administrator,
on behalf of [trustee], as Trustee, for the benefit of the registered Holders of
[________________], Lower-Tier Distribution Account” and which must be an Eligible Account. The Lower-Tier Distribution
Account shall be an asset of the Lower-Tier REMIC.

 

“Lower-Tier
Principal Balance”: The principal amount of any Lower-Tier Regular Interest outstanding as of any date of determination.
As of the Closing Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall equal the original Lower-Tier
Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the Lower-Tier Principal Balance
of each Lower-Tier Regular Interest shall be

 

    -72- 

     

    

 

permanently reduced by all distributions of principal deemed to have been made in
respect of such Lower-Tier Regular Interest on such Distribution Date pursuant to Section 4.01(a)(ii) of this Agreement,
and shall be further permanently reduced on such Distribution Date by all Realized Losses deemed to have been allocated thereto
on such Distribution Date pursuant to Section 4.01(f) of this Agreement, such that at all times the Lower-Tier Principal
Balance of a Lower-Tier Regular Interest shall equal the Certificate Balance of the Corresponding Certificates. The Lower-Tier
Principal Balance of any Lower-Tier Regular Interest may be increased on a particular Distribution Date as and to the extent contemplated
by the penultimate sentence of the first paragraph of Section 4.01(f) of this Agreement.

 

“Lower-Tier
Regular Interests”: The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1),
in the Lower-Tier REMIC, designated as the Class [LA-1], Class [LA-2], Class [LA-3], Class [LA-4], Class [LA-AB], Class [LA-S],
Class [LB], Class [LC], Class [LD], Class [LE], Class [LF], Class [LG] and Class [LH] Interests.

 

“Lower-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Mortgage Loans and collections thereon (other
than the Excess Interest) and the Trust Subordinate Companion Loan and the proceeds thereof, any related REO Property (or a beneficial
interest in the applicable portion of the “REO Property” under the applicable Outside Servicing Agreement related
to any Outside Serviced Mortgage Loan) acquired in respect thereof and all proceeds of such REO Property, other property of the
Trust Fund related thereto and amounts (other than Excess Interest and any interest or other income earned thereon) held in respect
thereof from time to time in the Collection Account, any Serviced Loan Combination Custodial Account, the Interest Reserve Account
and the related REO Account, and amounts held from time to time in the Lower-Tier Distribution Account and the Excess Liquidation
Proceeds Reserve Account, in each case excluding amounts allocable to the Companion Loans or Trust Subordinate Companion Loan
and any interest or other income earned on such amounts allocable to the Companion Loans or Trust Subordinate Companion Loan.

 

“Lower-Tier
Residual Interest”: The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2),
in the Lower-Tier REMIC and evidenced by the Class [R] Certificates.

 

“MAI”:
Member of the Appraisal Institute.

 

“Major
Decision”: Collectively:

 

(a)            any
proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of an REO Property) of the ownership
of properties securing such of the Serviced Loans or Serviced Loan Combinations as come into and continue in default;

 

(b)            any
modification, consent to a modification or waiver of a monetary term (other than Penalty Charges which the Master Servicer or
the Special Servicer, as applicable, is permitted to waive pursuant to this Agreement) or material non-monetary term (including,
without limitation, a modification with respect to the timing of payments and acceptance of discounted payoffs but excluding waiver
of Penalty Charges) of a

 

    -73- 

     

    

 

Serviced Loan or Serviced Loan Combination or any extension of the Maturity Date or Anticipated Repayment
Date, as applicable, of any Serviced Loan;

 

(c)            any
sale of a Defaulted Mortgage Loan or Defaulted Serviced Loan Combination (and any related Serviced Pari Passu Companion Loan)
or REO Property (other than in connection with (i) the termination of the Trust Fund and (ii) the repurchase of, or substitution
for, any Mortgage Loan by the applicable Mortgage Loan Seller for a Material Defect) for less than the applicable Purchase Price;

 

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

 

(e)            any
release of collateral or any acceptance of substitute or additional collateral for a Serviced Loan or a Serviced Loan Combination,
or any consent to either of the foregoing, other than immaterial condemnation actions and other similar takings or if otherwise
required pursuant to the specific terms of the related Serviced Loan or Serviced Loan Combination and for which there is no lender
discretion;

 

(f)             any
waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to a Serviced Loan or Serviced Loan
Combination or, if lender consent is required, any consent to such waiver or consent to a transfer of the Mortgaged Property or
interests in the Mortgagor or consent to the incurrence of additional debt, other than any such transfer or incurrence of debt
as may be effected without the consent of the lender under the related loan agreement or related to an immaterial easement, right
of way or similar agreement;

 

(g)            any
property management company changes (with respect to a Mortgage Loan with a Stated Principal Balance greater than $[5] million)
or franchise changes with respect to a Mortgage Loan or Serviced Loan Combination (in each case, to the extent the lender is required
to consent or approve under the related Loan Documents);

 

(h)            releases
of any escrow accounts, reserve accounts or letters of credit held as performance or “earn-out” escrows or reserves
other than those required pursuant to the specific terms of the related Serviced Loan or Serviced Loan Combination and for which
there is no lender discretion;

 

(i)             any
acceptance of an assumption agreement or any other agreement permitting transfers of interests in a Mortgagor or guarantor releasing
a Mortgagor or guarantor from liability under a Serviced Loan or Serviced Loan Combination other than pursuant to the specific
terms of such Serviced Loan or Serviced Loan Combination and for which there is no lender discretion;

 

(j)             the
determination of the Special Servicer pursuant to clause (b) or clause (c) of the definition of “Specially Serviced Loan”;

 

(k)            following
a default or an event of default with respect to a Serviced Loan or Serviced Loan Combination, any acceleration of such Serviced
Loan or Serviced Loan

 

    -74- 

     

    

 

Combination, or initiation of judicial, bankruptcy or similar proceedings under the related Loan Documents
or with respect to the related Mortgagor or Mortgaged Property;

 

(l)             any
modification, waiver or amendment of an intercreditor agreement, Co-Lender Agreement or similar agreement with any mezzanine lender
or subordinate debt holder related to a Serviced Loan, or an action to enforce rights with respect thereto;

 

(m)           any
determination of an Acceptable Insurance Default;

 

(n)            any
proposed modification or waiver of any material provision in the related Loan Documents governing the type, nature or amount of
insurance coverage required to be obtained and maintained by the related Mortgagor;

 

(o)            any
approval of any casualty insurance settlements or condemnation settlements, and any determination to apply casualty proceeds or
condemnation awards to the reduction of the debt rather than to the restoration of the Mortgaged Property; and

 

(p)            to
the extent not already set forth above, solely for purposes of compliance with Regulation RR and solely with respect to the Operating
Advisor’s non-binding consultation rights, (i) any material modification of, or waiver with respect to, any provision of
a loan agreement (including a Mortgage), (ii) foreclosure upon or comparable conversion of the ownership of a Mortgaged Property;
and (iii) any acquisition of a Mortgaged Property (provided, however, that for so long as a Control Termination Event has occurred
and is continuing but a Consultation Termination Event has not occurred and is continuing, the Controlling Class Representative
will, to the extent not already set forth above, have consultation rights with respect to the matters specified in this clause
(u));

 

[ADD
ANY ADDITIONAL MAJOR DECISIONS]

 

provided,
for the avoidance of doubt, that any modification, waiver, consent or amendment by the Master Servicer or the Special Servicer
that is set forth in any of clauses (a) through (o) above in this definition shall constitute a Major Decision regardless
of the fact that such action is being taken in connection with a defeasance; and, provided, further, that, in the
case of a Serviced Outside Controlled Loan Combination, “Major Decision” shall have the meaning as such term or any
analogous term is assigned in the related Co-Lender Agreement. For the avoidance of doubt, the Controlling Class Representative
shall have no consent or consultation rights with respect to Major Decisions with respect to any Excluded Mortgage Loan.

 

“Major
Decision Reporting Package”: With respect to any Major Decision, (a) a written report prepared by the Special Servicer
describing in reasonable detail (i) the background and circumstances requiring action of the Special Servicer, (ii) the proposed
course of action recommended, and (iii) information regarding any direct or indirect conflict of interest in the subject action,
and (b) all information in the Special Servicer’s possession that is reasonably requested by the party receiving such Major
Decision Reporting Package in order for such party to exercise any consultation or consent rights available to such party under
this Agreement.

 

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“Manager”:
With respect to any Mortgage Loan or Serviced Loan Combination, any property manager for the related Mortgaged Properties.

 

“Master
Servicer”: [master servicer], a [_________________], or its successor
in interest, or any successor Master Servicer appointed as herein provided.

 

“Master
Servicer Remittance Date”: With respect to any Distribution Date, the Business Day immediately preceding such Distribution
Date.

 

“Master
Servicer Servicing Personnel”: The divisions and individuals of the Master Servicer who are involved in the performance
of the duties of the Master Servicer under this Agreement.

 

“Material
Breach”: As defined in Section 2.03(a) of this Agreement.

 

“Material
Defect”: With respect to any Mortgage Loan, a Material Breach or a Material Document Defect, as the case may be, with
respect to such Mortgage Loan.

 

“Material
Document Defect”: As defined in Section 2.03(a) of this Agreement.

 

“Maturity
Date”: With respect to each Mortgage Loan, the maturity date as set forth on the Mortgage Loan Schedule; and with respect
to each Serviced Companion Loan or Trust Subordinate Companion Loan, the Maturity Date for the related Mortgage Loan.

 

“Mediation
Rules”: As defined in Section 2.03(h)(i) of this Agreement.

 

“Mediation
Services Provider”: As defined in Section 2.03(h)(i).

 

“Modification
Fees”: With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), any and all fees collected
from the related Mortgagor with respect to a modification, extension, waiver or amendment that modifies, extends, amends or waives
any term of the Loan Documents (as evidenced by a signed writing) agreed to by the Master Servicer or the Special Servicer, other
than (a) any Assumption Fees, Consent Fees or assumption application fees and (b) any fee in connection with a defeasance of such
Mortgage Loan (or Serviced Loan Combination, if applicable).

 

“Modified
Asset”: Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special
Servicer pursuant to Section 3.24 of this Agreement in a manner that:

 

(a)            affects
the amount or timing of any payment of principal or interest due thereon (other than, or in addition to, bringing Monthly Payments
current with respect to such Serviced Loan);

 

(b)            except
as expressly contemplated by the related Loan Documents, results in a release of the lien of the related Mortgage on any material
portion of the related Mortgaged Property without a corresponding Principal Prepayment in an amount, or the delivery of substitute
real property collateral with a fair market value (as is), that is not

 

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less than the fair market value (as is) of the property
to be released, as determined by an appraisal delivered to the Special Servicer (at the expense of the related Mortgagor and upon
which the Special Servicer may conclusively rely); or

 

(c)            in
the reasonable, good faith judgment of the Special Servicer, otherwise materially impairs the security for such Serviced Loan
or materially reduces the likelihood of timely payment of amounts due thereon.

 

“Monthly
Payment”: With respect to any Mortgage Loan or Serviced Companion Loan, as applicable (other than any REO Mortgage Loan
or REO Companion Loan), and any Due Date, the scheduled monthly payment of principal (if any) and interest at the related Mortgage
Rate, which is payable by the related Mortgagor on such Due Date under the related Note or Notes, exclusive of any Balloon Payment.
The Monthly Payment with respect to any Due Date for (i) an REO Mortgage Loan or REO Companion Loan or (ii) any Mortgage Loan
or Serviced Companion Loan that is delinquent at its respective Maturity Date and with respect to which the Special Servicer has
not entered into an extension, shall be the monthly payment that would otherwise have been payable on such Due Date had the related
Note not been discharged or the related Maturity Date had not been reached, as the case may be, determined as set forth in the
preceding sentence and on the assumption that all other amounts, if any, due thereunder are paid when due. The Monthly Payment
for any Serviced Loan Combination is the aggregate Monthly Payment for the related Mortgage Loan and Serviced Companion Loan(s).

 

“Mortgage”:
The mortgage, deed of trust or other instrument creating a first lien on or first priority ownership interest in a Mortgaged Property
securing the Note(s) evidencing a Mortgage Loan, Loan Combination or Trust Subordinate Companion Loan.

 

“Mortgage
File”: With respect to any Mortgage Loan, the related Serviced Loan Combination or the Trust Subordinate Companion Loan,
subject to Section 2.01(b), collectively the following documents:

 

(1)            (A)
the original executed Note for such Mortgage Loan, endorsed on its face or by allonge thereto (without recourse, representation
or warranty, express or implied) to the order of “[trustee], as Trustee,
on behalf of the registered Holders of [__________________]” or in blank, and further showing a complete, unbroken chain
of endorsement from the originator (if such originator is not the applicable Mortgage Loan Seller) (or, alternatively, if the
original executed Note has been lost, a lost note affidavit and indemnity with a copy of such Note), and (B) if such Mortgage
Loan is part of a Serviced Loan Combination, a copy of the executed Note for each related Serviced Companion Loan;

 

(2)            an
original or copy of the Mortgage, together with originals or copies of any and all intervening assignments thereof, in each case
(unless the particular item has not been returned from the applicable recording office) with evidence of recording indicated thereon
or certified by the applicable recorder’s office;

 

(3)            an
original or copy of any related Assignment of Leases (if such item is a document separate from the Mortgage), together with originals
or copies of any and all

 

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intervening assignments thereof, in each case (unless the particular item has not been returned from
the applicable recording office) with evidence of recording indicated thereon or certified by the applicable recorder’s
office;

 

(4)            an
original executed assignment, in recordable form (except for missing recording information not yet available if the instrument
being assigned has not been returned from the applicable recording office), of (A) the Mortgage and (B) any related Assignment
of Leases (if such item is a document separate from the Mortgage), in favor of “[trustee],
as Trustee, on behalf of the registered Holders of [___________________] [and the holder of the related Serviced Companion Loan
or Trust Subordinate Companion Loan, as their interests may appear]” or in blank, or a copy of such assignment if the related
Mortgage Loan Seller or its designee, rather than the Trustee, is responsible for recording such assignment; provided, however,
that with respect to a Servicing Shift Mortgage Loan, each such assignment shall be executed in blank until the earliest of (A)
the related Servicing Shift Date, (B) such Servicing Shift Mortgage Loan becoming a Specially Serviced Mortgage Loan, and (C)
180 days after the Closing Date;

 

(5)            the
original assignment of all unrecorded documents relating to the Mortgage Loan (or the related Serviced Loan Combination, if applicable),
in favor of “[trustee], as Trustee, on behalf of the registered Holders of
[____________________] [and the holder of the related Serviced Companion Loan, as their interests may appear]”; provided,
however, that with respect to a Servicing Shift Mortgage Loan, each such assignment shall be executed in blank until the earliest
of (A) the related Servicing Shift Date, (B) such Servicing Shift Mortgage Loan becoming a Specially Serviced Mortgage Loan, and
(C) 180 days after the Closing Date;

 

(6)            originals
or copies of final written modification agreements in those instances where the terms or provisions of the Note for such Mortgage
Loan or Trust Subordinate Companion Loan (or, if applicable, any Note of a Serviced Loan Combination) or the related Mortgage
have been modified, in each case (unless the particular item has not been returned from the applicable recording office) with
evidence of recording indicated thereon if the instrument being modified is a recordable document;

 

(7)            the
original or a copy of the policy or certificate of lender’s title insurance issued in connection with such Mortgage Loan
(or the related Serviced Loan Combination, if applicable) and the Trust Subordinate Companion Loan or, if such policy has not
been issued or located, an irrevocable, binding commitment (which may be a “marked-up” pro forma title policy marked
as binding and executed by an authorized representative of the title insurer or an agreement to provide the same pursuant to binding
escrow instructions executed by an authorized representative of the title insurer) to issue such title insurance policy;

 

(8)            an
original or copy of the related Ground Lease relating to such Mortgage Loan (or the related Serviced Loan Combination, if applicable),
if any, and any ground lessor estoppel;

 

    -78- 

     

    

 

(9)            an
original or copy of the related Loan Agreement, if any;

 

(10)          an
original of any guaranty under such Mortgage Loan or the related Serviced Loan Combination, if any;

 

(11)          an
original or copy of the lock box agreement or cash management agreement relating to such Mortgage Loan or the related Serviced
Loan Combination, if any;

 

(12)          an
original or copy of the environmental indemnity from the related Mortgagor, if any;

 

(13)          an
original or copy of the related escrow agreement and the related security agreement (in each case, if such item is a document
separate from the Mortgage) and, if applicable, the originals or copies of any intervening assignments thereof;

 

(14)          an
original assignment of the related security agreement (if such item is a document separate from the Mortgage and if such item
is not included in the assignment described in clause (5)), in favor of “[trustee],
as Trustee, on behalf of the registered Holders of [_____________________] [and the holder of the related Serviced Companion Loan,
as their interests may appear]”; provided, however, that with respect to a Servicing Shift Mortgage Loan, each such assignment
shall be executed in blank until the earliest of (A) the related Servicing Shift Date, (B) such Servicing Shift Mortgage Loan
becoming a Specially Serviced Mortgage Loan, and (C) 180 days after the Closing Date;

 

(15)          any
filed copies (bearing evidence of filing) or evidence of filing of any UCC financing statements in favor of the originator of
such Mortgage Loan (or the related Serviced Loan Combination, if applicable) or in favor of any assignee prior to the Trustee,
and an original UCC-3 assignment thereof, in form suitable for filing, in favor of the Trustee (or, in each case, a copy thereof,
certified to be the copy of such assignment submitted or to be submitted for filing);

 

(16)           in
the case of any Mortgage Loan or the related Serviced Loan Combination as to which there exists a related mezzanine loan, the
original or a copy of the related intercreditor agreement;

 

(17)          an
original or copy of any related environmental insurance policy;

 

(18)          a
copy of any letter of credit relating to such Mortgage Loan or the related Serviced Loan Combination and any related assignment
thereof (with the original to be delivered to the Master Servicer);

 

(19)          copies
of any related franchise agreement, property management agreement or hotel management agreement and related comfort letters (together
with (i) copies of any notices of transfer that are necessary to transfer or assign to the Trust or the Trustee the benefits of
such comfort letter or (ii) if the related comfort letter contemplates that a request be made of the related franchisor to issue
a replacement comfort letter for

 

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the benefit of the Trust or Trustee, a copy of the notice requesting the issuance of such replacement
comfort letter (the copy of such notice shall be delivered by the related Mortgage Loan Seller to the Custodian for inclusion
in the Mortgage File within the time period set forth in the penultimate paragraph of Section 2.01(b)), with the original
of any replacement comfort letter to be included in the Mortgage File following receipt thereof by the Master Servicer) and/or
estoppel letters relating to such Mortgage Loan or the related Serviced Loan Combination and any related assignment thereof; and

 

(20)          in
the case of a Loan Combination, an original or a copy of the related Co-Lender Agreement;

 

provided
that, whenever the term “Mortgage File” is used to refer to documents actually received by the Certificate
Administrator or a Custodian appointed thereby, such term shall not be deemed to include such documents and instruments required
to be included therein unless they are actually so received.

 

“Mortgage
Loan”: Each of the mortgage loans transferred and assigned to the Trustee pursuant to Section 2.01 and from time
to time held in the Trust Fund, the mortgage loans originally so transferred, assigned and held being identified on the Mortgage
Loan Schedule as of the Cut-Off Date. Such term shall include any Specially Serviced Mortgage Loan, REO Mortgage Loan or defeased
Mortgage Loan and each Outside Serviced Mortgage Loan (but not the Companion Loans).

 

“Loan
Purchase Agreement”: The CREFI Loan Purchase Agreement, [additional Mortgage
Loan Purchase Agreements], as applicable.

 

“Mortgage
Loan Schedule”: The list of Mortgage Loans and the Trust Subordinate Companion Loan included in the Trust Fund as of
the Closing Date being attached hereto as Exhibit B, which list shall set forth the following information with respect
to each Mortgage Loan and Trust Subordinate Companion Loan:

 

(i)         the
Loan Number;

 

(ii)        the
street address (including city, state and zip code) and name of the related Mortgaged Property;

 

(iii)       the
Cut-Off Date Balance;

 

(iv)       the
original Mortgage Rate;

 

(v)        the
(A) remaining term to stated maturity and (B) Stated Maturity Date;

 

(vi)       in
the case of a Balloon Loan, the remaining amortization term;

 

(vii)      the
Servicing Fee Rate (separately identifying any primary servicing fee rate or subservicing fee rate included in the Servicing Fee
Rate, and in the case of a Serviced Loan Combination, separately identifying the Servicing Fee

 

    -80- 

     

    

 

Rate applicable to the related
Serviced Companion Loan in such Serviced Loan Combination, and in the case of an Outside Serviced Mortgage Loan, separately identifying
the primary servicing fee rate payable to the Outside Servicer);

 

(viii)     the
Mortgage Loan Seller(s);

 

(ix)       whether
the Mortgage Loan is cross-collateralized and the cross-collateralized group it belongs to;

 

(x)        whether
the Mortgage Loan is an ARD Mortgage Loan;

 

(xi)       the
Anticipated Repayment Date, if applicable;

 

(xii)      the
Revised Rate, if applicable; and

 

(xiii)     such
Mortgage Loan is part of a Serviced Loan Combination, in which case the information required by clauses (iii), (iv), (v), (vi)
and (vii) above shall also be set forth for the Serviced Companion Loan in the related Serviced Loan Combination.

 

“Mortgage
Loan Seller”: Each of CREFI, [additional loan sellers], and their respective
successors in interest.

 

“Mortgage
Loan Seller Sub-Servicer”: A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller,
as listed on Exhibit S to this Agreement, or any successor thereto.

 

“Mortgage
Note”: As defined in the definition of “Note” in this Agreement.

 

“Mortgage
Pool”: All of the Mortgage Loans and any successor REO Mortgage Loans, collectively. The Mortgage Pool does not include
the Companion Loans or any related REO Companion Loans.

 

“Mortgage
Rate”: With respect to any Mortgage Loan [(including an Outside Serviced Mortgage Loan)] or any related Companion Loan
is the per annum rate at which interest accrues on the Mortgage Loan or the related Companion Loan as stated in the related
Mortgage Note or the promissory note evidencing such Companion Loan without giving effect to any Default Rate or Revised Rate.

 

“Mortgaged
Property”: The underlying property securing a Mortgage Loan and the related Companion Loan(s), including any REO Property
(including with respect to an Outside Serviced Mortgage Loan), consisting of a fee simple estate, and, with respect to certain
Mortgage Loans and any related Companion Loan(s), a leasehold estate, or both a leasehold estate and a fee simple estate, or a
leasehold estate in a portion of the property and a fee simple estate in the remainder, in a parcel of land improved by a commercial
property, together with any personal property, fixtures, leases and other property or rights pertaining thereto.

 

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“Mortgagor”:
The obligor or obligors on a Note and the related Note(s) in favor of a Companion Loan Holder(s), including, without limitation,
any Person that has acquired the related Mortgaged Property and assumed the obligations of the original obligor under such Note
and the related Note(s) in favor of a Companion Loan Holder(s).

 

“Mortgagor
Accounts”: As defined in Section 3.07(a) of this Agreement.

 

“Net
Condemnation Proceeds”: The Condemnation Proceeds received (A) with respect to any Mortgage Loan or Serviced Companion
Loan (including an REO Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect
thereto and (ii) amounts required to be applied to the restoration or repair of the related Mortgaged Property; and (B) with respect
to any Trust AB Loan Combination, to the extent any portion of such proceeds are received by the Master Servicer or Certificate
Administrator in connection with such Trust AB Loan Combination and are allocable to the related Mortgage Loan and Trust Subordinate
Companion Loan, as applicable, pursuant to the related intercreditor agreement) and the REMIC Provisions; provided that,
in the case of an Outside Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited
to any related Condemnation Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan,
pursuant to the allocations set forth in the related Co-Lender Agreement.

 

“Net
Insurance Proceeds”: Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the
related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or
other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental
insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of
an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance
Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations
set forth in the related Co-Lender Agreement.

 

“Net
Liquidation Proceeds”: The Liquidation Proceeds received by the Trust Fund with respect to any Mortgage Loan or Serviced
Loan Combination or Trust Subordinate Companion Loan (including an REO Mortgage Loan or REO Companion Loan or REO Trust Subordinate
Companion Loan) net of the amount of Liquidation Expenses incurred with respect thereto.

 

“Net
Mortgage Rate”: With respect to any Mortgage Loan is a per annum rate equal to the related Mortgage Rate minus
the related Administrative Cost Rate. [Notwithstanding the foregoing, for purposes of calculating Pass-Through Rates and the WAC
Rate, the Net Mortgage Rate of each Mortgage Loan that does not accrue interest on a 30/360 Basis for any one-month period preceding
a related Due Date will be the annualized rate at which interest would have to accrue in respect of such Mortgage Loan on the
basis of a 360-day year consisting of twelve 30-day months ( a “30/360 Basis”) in order to produce the aggregate
amount of interest actually accrued (exclusive of Default Interest and Excess Interest) in respect of such Mortgage Loan during
such one-month period at a per annum rate equal to the related

 

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Mortgage Rate minus the related Administrative Cost Rate.
However, for purposes of calculating Pass-Through Rates and the WAC Rate, with respect to each Mortgage Loan that does not accrue
interest on a 30/360 Basis, (i) the Net Mortgage Rate for the one-month period preceding the Due Dates in January and February
in any year which is not a leap year and in February in any year which is a leap year (unless, in either case, the related Distribution
Date is the final Distribution Date) will be determined based on the “aggregate amount of interest actually accrued”,
as referred to above in the preceding sentence, being net of the related Withheld Amounts and (ii) the Net Mortgage Rate for the
one-month period preceding the Due Date in March (or in February if the final Distribution Date occurs in such particular month
of February) will be determined based on the “aggregate amount of interest actually accrued”, as referred to above
in the preceding sentence, inclusive of any such Withheld Amounts. Also, for purposes of calculating Pass-Through Rates and the
WAC Rate, the Net Mortgage Rate of any Mortgage Loan shall be determined without regard to any modification, waiver or amendment
of the terms of such Mortgage Loan, whether agreed to by the Master Servicer, the Special Servicer[, an Outside Servicer or an
Outside Special Servicer] or resulting from a bankruptcy, insolvency or similar proceeding involving the related borrower, and
without regard to the related Mortgaged Property becoming an REO Property.

 

“Net
Operating Income”: With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating
Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time
to time endorsed and put forth by CREFC®.

 

“Net
REO Proceeds”: With respect to each REO Property and any related REO Mortgage Loan or REO Companion Loan, REO Proceeds
received by the Trust Fund with respect to such REO Property, REO Mortgage Loan or REO Companion Loan (other than the proceeds
of a liquidation thereof), net of any insurance premiums, taxes, assessments, ground rents and other costs and expenses permitted
to be paid therefrom pursuant to Section 3.16(b) of this Agreement; provided that, in the case of an REO Property
that relates to an Outside Serviced Mortgage Loan, “Net REO Proceeds” under this Agreement shall be limited to any
REO Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations
set forth in the related Co-Lender Agreement.

 

“New
Lease”: Any lease of REO Property entered into on behalf of the Trust Fund, including any lease renewed or extended
on behalf of the Trust Fund, if the Trust Fund has the right to renegotiate the terms of such lease.

 

“Non-Book
Entry Certificates”: As defined in Section 5.02(c)(iii) of this Agreement.

 

“Non-Reduced
Certificates”: As of any date of determination, any Class of [Class of Principal Balance Certificates] [Certificates
(other than the Class [ARD], Class [R] and Class [X] Certificates)] then outstanding for which (a)(1) the initial Certificate
Balance of such Class of Certificates minus (2) the sum (without duplication) of (x) the aggregate payments of principal (whether
as principal prepayments or otherwise) previously distributed to the Holders of such Class of Certificates as of such date of
determination, (y) any Appraisal Reduction Amounts allocated to such Class of Certificates as of such date of determination and
(z) any

 

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Realized Losses previously allocated to such Class of Certificates as of such date of determination, is equal to or greater
than (b) 25% of the remainder of (i) the initial Certificate Balance of such Class of Certificates less (ii) any payments of principal
(whether as principal prepayments or otherwise) previously distributed to the Holders of that Class of Certificates as of such
date of determination; provided that for purposes of this definition, the Class [A-S] Certificates and the Class [EC] Component
[A-S] will be considered as if they together constitute a single “Class” of Certificates, the Class [B] Certificates
and the Class [EC] Component [B] will be considered as if they together constitute a single “Class” of Certificates,
the Class [C] Certificates and the Class [EC] Component [C] will be considered as if they together constitute a single “Class”
of Certificates, and the Class [EC] Certificates will be Non-Reduced Certificates only with respect to each Class [EC] Component
that is part of a “Class” of Non-Reduced Certificates determined as described in this proviso.

 

“Non-U.S.
Certificate Ownership Certification”: As defined in Section 5.03(f) of this Agreement.

 

“Non-U.S.
Tax Person”: A person other than a U.S. Tax Person.

 

“Nonrecoverable
Advance”: Any Nonrecoverable P&I Advance or Nonrecoverable Property Advance. Workout-Delayed Reimbursement Amounts
shall constitute a Nonrecoverable Advance only when the Person making such determination in accordance with the procedures specified
in Sections 3.20 and 4.06, the definition of Nonrecoverable P&I Advance or the definition of Nonrecoverable
Property Advance, as applicable, and taking into account factors such as all other outstanding Advances, either (a) has determined
that such Workout-Delayed Reimbursement Amounts, would not ultimately be recoverable from late collections or any other recovery
on or in respect of the related Mortgage Loan or Serviced Loan Combination or REO Property, as applicable, or (b) has determined
that such Workout-Delayed Reimbursement Amount, along with any other Workout-Delayed Reimbursement Amounts (that have not been
reimbursed to the party that made such Advance) or unreimbursed Nonrecoverable Advances, would not be ultimately recoverable from
the principal portion of future general collections on the Mortgage Loans and REO Properties.

 

“Nonrecoverable
P&I Advance”: With respect to any Mortgage Loan, any P&I Advance previously made or proposed to be made in respect
of such Mortgage Loan or a related REO Mortgage Loan by the Master Servicer or the Trustee, which P&I Advance such party or
the Special Servicer has determined pursuant to and in accordance with Section 4.06 of this Agreement, would not or will
not be ultimately recoverable from late payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds, or any other
recovery on or in respect of such Mortgage Loan or REO Mortgage Loan, as the case may be.

 

“Nonrecoverable
Property Advance”: Any Property Advance previously made or proposed to be made in respect of a Serviced Mortgage Loan,
Serviced Loan Combination or REO Property by the Master Servicer or the Trustee, which Property Advance the advancing party or
the Special Servicer has determined pursuant to and in accordance with Section 3.20 of this Agreement, would not or will
not, as applicable, be ultimately recoverable from late payments, Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds,
or any other recovery on or in respect of such Serviced Mortgage Loan, Serviced Loan Combination or REO

 

    -84- 

     

    

 

Property, as the case
may be. Any Property Advance that is not required to be repaid by the related Mortgagor under the terms of the related Loan Documents
shall be deemed to be a Nonrecoverable Advance for purposes of the Master Servicer’s or the Trustee’s entitlement
to reimbursement for such Advance. In the case of an Outside Serviced Mortgage Loan or any related REO Property, the term “Nonrecoverable
Property Advance” shall have the meaning assigned thereto in the Outside Servicing Agreement.

 

“Note”:
With respect to any Mortgage Loan, Companion Loan or Trust Subordinate Companion Loan as of any date of determination, the note
or other evidence of indebtedness and/or agreements evidencing the indebtedness of a Mortgagor under such Mortgage Loan, Companion
Loan or Trust Subordinate Companion Loan, as the case may be, including any amendments or modifications, or any renewal or substitution
notes, as of such date.

 

“Notice
of Termination”: Any of the notices given to the Certificate Administrator by the Master Servicer, the Depositor or
any Holder of a Class [R] Certificate pursuant to Section 9.01(c).

 

“Notifying
Party”: As defined in Section 3.01(i).

 

“Notional
Amount”: For any date of determination, with respect to the Class [X-A] Certificates, the Class [X-A] Notional Amount.

 

“NRSRO”:
A nationally recognized statistical rating organization within the meaning of Section 3(a)(62) of the Exchange Act.

 

“NRSRO
Certification”: A certification executed by an NRSRO (other than a Rating Agency) in favor of the Rule 17g-5 Information
Provider substantially in the form attached as Exhibit M-5 hereto that states that such NRSRO has provided the Depositor
with the appropriate certifications pursuant to paragraph (e) of Rule 17g-5 under the Exchange Act and that such NRSRO will keep
any information obtained from the Rule 17g-5 Information Provider’s Website confidential, except to the extent such information
has been made available to the general public. Each NRSRO shall be deemed to recertify to the foregoing each time it accesses
the Rule 17g-5 Information Provider’s Website.

 

“OCC”:
The Office of the Comptroller of the Currency, and its successors in interest.

 

“Offering
Circular”: The offering circular dated [date] relating to the Private
Certificates (other than the Class [ARD] Certificates).

 

“Officer’s
Certificate”: With respect to any Person, a certificate signed by an authorized officer of such Person or, in the case
of the Master Servicer or the Special Servicer, a Servicing Officer, and delivered to the Depositor, the Trustee, the Certificate
Administrator, the Master Servicer or the Special Servicer, as the case may be.

 

“Operating
Advisor”: [operating advisor], a [_______________], or its successor
in interest, or any successor Operating Advisor appointed as herein provided.

 

    -85- 

     

    

 

“Operating
Advisor Annual Report”: As defined in Section 3.29(d)(ii) of this Agreement.

 

“Operating
Advisor Consultation Event”: The event that occurs when the aggregate Certificate Balance of the [HORIZONTAL RESIDUAL
INTEREST CLASSES] (as notionally reduced by any Cumulative Appraisal Reduction Amount then allocable to such Classes) is 25% or
less of the initial aggregate Certificate Balance of the [HORIZONTAL RESIDUAL INTEREST CLASSES]; provided that an Operating
Advisor Consultation Trigger Event shall at all times be deemed to exist with respect to Excluded Mortgage Loans.

 

“Operating
Advisor Consulting Fee”: A fee for each Major Decision on which the Operating Advisor has consultation rights equal
to the lesser of (a) $[_______], or (b) the amount the related Mortgagor agrees to pay with respect to any Serviced Mortgage Loan
(or Serviced Loan Combination, if applicable), payable pursuant to Section 3.06(a) and Section 3.06A(a) of this
Agreement; provided, however, no such fee shall be payable unless paid by the related Mortgagor; provided,
further that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee with respect
to any Major Decision; provided, further that the Master Servicer or Special Servicer, as applicable, may waive
or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines that such full
or partial waiver is in accordance with the Servicing Standard (provided that the Master Servicer or the Special Servicer,
as applicable, shall consult with the Operating Advisor prior to any such waiver or reduction).

 

“Operating
Advisor Fee”: With respect to each Mortgage Loan (including any Outside Serviced Mortgage Loan) and Trust Subordinate
Companion Loan (but not any Companion Loan) and any Distribution Date, an amount accrued during the related Interest Accrual Period
at the applicable Operating Advisor Fee Rate on the Stated Principal Balance of such Mortgage Loan as of the close of business
on the Distribution Date in such Interest Accrual Period; provided that such amounts shall be computed for the same period
and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage
Loan is computed and shall be prorated for partial periods. Such fee shall be in addition to, and not in lieu of, any other fee
or other sum payable to the Operating Advisor under this Agreement. For the avoidance of doubt, the Operating Advisor Fee shall
be payable from the Lower-Tier REMIC.

 

“Operating
Advisor Fee Rate”: With respect to each Interest Accrual Period, a rate equal to [______]% per annum.

 

“Operating
Advisor Personnel”: The divisions and individuals of the Operating Advisor who are involved in the performance of the
duties of the Operating Advisor under this Agreement.

 

“Operating
Advisor Standard”: As defined in Section 3.29(b) of this Agreement.

 

“Operating
Advisor Termination Event”: As defined in Section 7.06(a) of this Agreement.

 

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“Opinion
of Counsel”: A written opinion of counsel, who may, without limitation, be counsel for the Depositor, the Operating
Advisor, the Asset Representations Reviewer, the Special Servicer or the Master Servicer, as the case may be, reasonably acceptable
to the Trustee and the Certificate Administrator, except that any opinion of counsel relating to (a) qualification of a Trust
REMIC or the imposition of tax under the REMIC Provisions on any income or property of any such Trust REMIC, (b) compliance with
the REMIC Provisions (including application of the definition of “Independent Contractor”), (c) qualification
of the Grantor Trust as a grantor trust under the Grantor Trust Provisions or (d) a resignation of the Master Servicer or Special
Servicer pursuant to Section 6.04, must be an opinion of counsel who is Independent of the Depositor, the Operating Advisor,
the Asset Representations Reviewer, the Special Servicer and the Master Servicer.

 

“Opting-Out
Party”: As defined Section 6.09(h) of this Agreement.

 

“Originator”:
[IDENTIFY EACH 20% ORIGINATOR OF THE SECURITIZATION THAT WILL BE REQUIRED TO SATISFY A PORTION OF THE RISK RETENTION REQUIREMENTS
FOR THE SECURITIZATION].

 

“Other
Crossed Loans”: As defined in Section 2.03(a) of this Agreement.

 

“Other
Depositor”: With respect to a Serviced Companion Loan or a Serviced Loan Combination, the “depositor” (within
the meaning of Item 1101(e) of Regulation AB) of the related Other Securitization Trust.

 

“Other
Exchange Act Reporting Party”: With respect to any Other Securitization Trust that is subject to the reporting requirements
of the Exchange Act, the trustee, certificate administrator, master servicer, special servicer or depositor under the related
Other Pooling and Servicing Agreement that is responsible for the preparation and/or filing of Form 8-K, Form 10-D and Form 10-K
with respect to such Other Securitization Trust, as identified in writing to the parties to this Agreement; and, with respect
to any Other Securitization Trust that is not subject to the reporting requirements of the Exchange Act, the trustee, certificate
administrator, master servicer, special servicer or depositor under the related Other Pooling and Servicing Agreement that is
responsible for the preparation and/or dissemination of periodic distribution date statements or similar reports, as identified
in writing to the parties to this Agreement.

 

“Other
Pooling and Servicing Agreement”: With respect to a Serviced Companion Loan or the related Serviced Loan Combination,
the pooling and servicing agreement or other comparable agreement governing the creation of the related Other Securitization Trust
and the issuance of securities backed by the assets of such Other Securitization Trust, but not the servicing of such Serviced
Companion Loan or Serviced Loan Combination or the related Mortgage Loan. [There is no Other Pooling and Servicing Agreement relating
to the Trust and all references in this Agreement to “Other Pooling and Servicing Agreement” shall be disregarded.]

 

“Other
Securitization Trust”: Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds
a Serviced Companion Loan or successor REO Companion

 

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Loan (or any portion thereof or interest therein), as identified in writing
to the parties to this Agreement.

 

“Outside
Certificate Administrator”: With respect to an Outside Serviced Mortgage Loan, the certificate administrator under the
applicable Outside Servicing Agreement.

 

“Outside
Controlling Note Holder”: With respect to any Loan Combination that is, and only for so long as such Loan Combination
is, a Serviced Outside Controlled Loan Combination, at any time the holder of the related controlling note (regardless of whether
such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) or such holder’s designated representative;
provided that if, with respect to any Serviced Outside Controlled Loan Combination, the related controlling note is included
in a securitization trust, the Outside Controlling Note Holder shall be the party designated under the pooling and servicing agreement,
trust and servicing agreement or comparable agreement governing the securitization of the related controlling note as authorized
to exercise the rights of the holder of the related controlling note; and provided, further, that the right of any such designated
party to exercise some or all of such rights may terminate or shift to another designated party upon the occurrence of certain
trigger events if and to the extent set forth in the pooling and servicing agreement, trust and servicing agreement or comparable
agreement governing the securitization of the related controlling note. With respect to each Servicing Shift Loan Combination,
the holder of the related controlling note (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate
Companion Loan) will (i) be an Outside Controlling Note Holder prior to the related Servicing Shift Date and (ii) cease to be
an Outside Controlling Note Holder on and after the related Servicing Shift Date. With respect to each Serviced AB Loan Combination,
the holder of a related Subordinate Companion Loan will be an Outside Controlling Note Holder for so long as such Subordinate
Companion Loan (or, in the case of a Serviced AB Loan Combination with multiple Subordinate Companion Loans, at least one such
Subordinate Companion Loan) is not the subject of a “control appraisal period” (or analogous concept) and not held
by a “borrower-related party” (or analogous concept), in any event under the related Co-Lender Agreement. [There is
no Outside Controlling Note Holder related to the Trust as of the Closing Date and references in this Agreement to “Outside
Controlling Note Holder” shall be disregarded.]

 

“Outside
Custodian”: With respect to an Outside Serviced Mortgage Loan, the custodian under the applicable Outside Servicing
Agreement.

 

“Outside
Depositor”: With respect to an Outside Serviced Mortgage Loan, the depositor under the applicable Outside Servicing
Agreement.

 

“Outside
Operating Advisor”: With respect to an Outside Serviced Mortgage Loan, the operating advisor under the applicable Outside
Servicing Agreement.

 

“Outside
Paying Agent”: With respect to an Outside Serviced Mortgage Loan, the paying agent under the applicable Outside Servicing
Agreement.

 

“Outside
Securitization Trust”: With respect to any Outside Serviced Mortgage Loan, the “issuing entity” (within
the meaning of Item 1101(f) of Regulation AB) that holds a

 

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related Outside Serviced Companion Loan (or any portion thereof or
interest therein) and is created under the related Outside Servicing Agreement.

 

“Outside
Service Providers”: With respect to any Outside Serviced Mortgage Loan, the related Outside Trustee, Outside Custodian,
Outside Certificate Administrator, Outside Paying Agent, Outside Servicer, Outside Special Servicer and any sub-servicer of any
of the foregoing.

 

“Outside
Serviced Co-Lender Agreement”: The Co-Lender Agreement for an Outside Serviced Loan Combination. With respect to each
Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, the related Co-Lender Agreement shall be an Outside
Serviced Co-Lender Agreement on and after the related Servicing Shift Date.

 

“Outside
Serviced Companion Loan”: Any Companion Loan that is part of an Outside Serviced Loan Combination. With respect to each
Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan shall be an Outside
Serviced Companion Loan on and after the related Servicing Shift Date.

 

“Outside
Serviced Loan Combination”: Any Loan Combination that is not serviced under this Agreement, but instead is being serviced
pursuant to the pooling and servicing agreement, trust and servicing agreement or other comparable agreement governing the securitization
of a related Companion Loan (whether by itself or with other mortgage assets), or pursuant to any successor servicing agreement
contemplated by the related Co-Lender Agreement. The only Outside Serviced Loan Combinations related to the Trust as of Closing
Date are the Loan Combinations as to which “Outside Serviced” is set forth in the Loan Combination Table under the
column heading “Servicing Type.” Each Servicing Shift Loan Combination shall be an Outside Serviced Loan Combination
on and after the related Servicing Shift Date.

 

“Outside
Serviced Loan Combination Noteholders”: With respect to an Outside Serviced Loan Combination, the holder of the related
Outside Serviced Mortgage Loan and the holder(s) of the related Outside Serviced Companion Loan(s), collectively.

 

“Outside
Serviced Mortgage Loan”: Any Mortgage Loan that is part of an Outside Serviced Loan Combination. Each Servicing Shift
Mortgage Loan shall be an Outside Serviced Mortgage Loan on and after the related Servicing Shift Date.

 

“Outside
Servicer”: With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing
Agreement.

 

“Outside
Servicing Agreement”: With respect to an Outside Serviced Mortgage Loan or the related Outside Serviced Loan
Combination, the pooling and servicing agreement, trust and servicing agreement or other comparable agreement governing the
creation of an Outside Securitization Trust that includes a related Outside Serviced Companion Loan, the issuance of
securities backed by the assets of such Outside Securitization Trust and the servicing of such Outside Serviced Mortgage
Loan, such Outside Serviced Loan Combination and the related Outside Serviced Companion Loan(s), or any successor servicing
agreement with respect to such Outside Serviced Mortgage Loan, such Outside Serviced Loan Combination and the

 

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related Outside Serviced Companion Loan(s)
contemplated by the related Co-Lender Agreement. The only Outside Servicing Agreements related to the Trust as of the Closing
Date are identified in the Loan Combination Table under the column heading “Outside Servicing Agreement.” With respect
to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, on or after the related Servicing Shift
Date, the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement shall be an Outside Servicing Agreement.

 

“Outside
Special Servicer”: With respect to an Outside Serviced Mortgage Loan, the special servicer under the applicable Outside
Servicing Agreement.

 

“Outside
Trustee”: With respect to an Outside Serviced Mortgage Loan, the trustee under the applicable Outside Servicing Agreement.

 

“Ownership
Interest”: Any record or beneficial interest in a Class [R] Certificate.

 

“P&I
Advance”: As to any Mortgage Loan (including any Outside Serviced Mortgage Loan and any REO Mortgage Loan but not any
related Companion Loan or Trust Subordinate Companion Loan), any advance made by the Master Servicer or the Trustee pursuant to
Section 4.06 of this Agreement. Each reference to the payment or reimbursement of a P&I Advance shall be deemed to
include, whether or not specifically referred to but without duplication, payment or reimbursement of interest thereon at the
Advance Rate to but excluding the date of payment or reimbursement.

 

“Pari
Passu Companion Loan”: A Companion Loan that, pursuant to the related Loan Documents and/or the related Co-Lender Agreement,
is pari passu in right of payment to the related Split Mortgage Loan. The only Pari Passu Companion Loans related to the Trust
as of the Closing Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Pari
Passu Companion Loan(s),” each of which Notes evidences a separate Pari Passu Companion Loan. [The only Pari Passu Companion
Loans related to the Trust as of the Closing Date are the [____________________] Companion Loan.]

 

“Pari
Passu Indemnified Items”: As defined in Section 3.01(j)(ii) of this Agreement.

 

“Pari
Passu Indemnified Party”: As defined in Section 3.01(j)(ii) of this Agreement.

 

“Pari
Passu Loan Combination”: A Loan Combination that includes a Pari Passu Companion Loan. The only Pari Passu Loan Combinations
related to the Trust are those with related Notes listed in the Loan Combination Table under the column heading “Pari Passu
Companion Loan(s).” [The only Pari Passu Loan Combinations related to the Trust as of the Closing Date are the [____________________]
Loan Combination.]

 

“Pass-Through
Rate”: Each of the Class [A-1] Pass-Through Rate, the Class [A-2] Pass-Through Rate, the Class [A-3] Pass-Through Rate,
the Class [A-4] Pass-Through Rate, the Class [A-AB] Pass-Through Rate, the Class [X-A] Pass-Through Rate, the Class [A-S] Pass-Through
Rate, the Class [A-S] Regular Interest Pass-Through Rate, the Class [B] Pass-Through Rate, the Class [B] Regular Interest Pass-Through
Rate, the Class [C]

 

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Pass-Through Rate, the Class [C] Regular Interest Pass-Through Rate, the Class [D] Pass-Through Rate, the
Class [E] Pass-Through Rate, the Class [F] Pass-Through Rate, the Class [G] Pass-Through Rate, the Class [H] Pass-Through Rate
and the [loan-specific] Pass-Through Rate. The Class [EC] Certificates will not
have a Pass-Through Rate, but will be entitled to receive the sum of the interest distributable on the Class [EC] Components.
The Class [ARD] Certificates and the Class [R] Certificates do not have Pass-Through Rates.

 

“Paying
Agent”: The paying agent appointed pursuant to Section 5.06 of this Agreement.

 

“Penalty
Charges”: With respect to any Mortgage Loan (or Serviced Loan Combination or Trust Subordinate Companion Loan, if applicable)
(or successor REO Mortgage Loan or successor REO Companion Loan), any amounts actually collected thereon from the Mortgagor that
represent default charges, penalty charges, late fees and/or Default Interest (in the case of any Split Mortgage Loan or Serviced
Companion Loan, to the extent allocable thereto pursuant to the related Co-Lender Agreement, and, in the case of a Serviced Companion
Loan, to the extent not payable to the Serviced Companion Loan Holder, and, in the case of an Outside Serviced Mortgage Loan,
to the extent remitted by the related Outside Servicer to the Master Servicer).

 

“Percentage
Interest”: As to any Certificate, the percentage interest evidenced thereby in distributions required to be made with
respect to the related Class. With respect to any Certificate (other than a Class [ARD] or Class [R] Certificate), the percentage
interest is equal to the initial denomination as of the Closing Date of such Certificate divided by the initial Certificate Balance
or Notional Amount, as applicable, of such Class of Certificates. For these purposes on any date of determination, the “initial
denomination as of the Closing Date” of any Exchangeable Certificate received in an exchange will be determined as if such
Certificate was part of the related Class on the Closing Date, the “initial denomination as of the Closing Date” of
any Exchangeable Certificate surrendered in an exchange will be determined as if such Certificate was not part of the related
Class on the Closing Date and the initial Certificate Balance of the related Class of Exchangeable Certificates will be determined
as if such Class consisted only of the Certificates composing the Class on that date of determination and such Certificates had
been outstanding as of the Closing Date. With respect to any Class [ARD] Certificate or any Class [R] Certificate, the percentage
interest is set forth on the face thereof.

 

“Performing
Party”: As defined in Section 10.12 of this Agreement.

 

“Performing
Serviced Companion Loan”: A Serviced Companion Loan that is not, and is not part of, a Specially Serviced Loan or REO
Loan.

 

“Performing
Serviced Loan”: A Performing Serviced Mortgage Loan, a Performing Serviced Companion Loan, a Performing Trust Subordinate
Companion Loan or a Performing Serviced Loan Combination, as the context may require.

 

“Performing
Serviced Loan Combination”: A Serviced Loan Combination that is not a Specially Serviced Loan or REO Loan.

 

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“Performing
Serviced Mortgage Loan”: A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO
Loan.

 

“Monthly
Payment”: With respect to any Mortgage Loan, the related Companion Loan or Trust Subordinate Companion Loan, the scheduled
monthly payment of principal and/or interest (other than Excess Interest) on such Mortgage Loan, Companion Loan or Trust Subordinate
Companion Loan, including any Balloon Payment, which is payable (as the terms of the applicable Mortgage Loan, Companion Loan
or Trust Subordinate Companion Loan may be changed or modified in connection with a bankruptcy or similar proceedings involving
the related Mortgagor or by reason of a modification, extension, waiver or amendment granted or agreed to pursuant to the terms
hereof) by a Mortgagor from time to time under the related Mortgage Note and applicable law, without regard to any acceleration
of principal of such Mortgage Loan, Companion Loan or Trust Subordinate Companion Loan by reason of default thereunder and without
regard to any Excess Interest.

 

“Permitted
Investments”: Any one or more of the following obligations or securities payable on demand or having a scheduled maturity
on or before the Business Day preceding the date upon which such funds are required to be drawn (provided that funds invested
by the Certificate Administrator in Permitted Investments managed or advised by the Certificate Administrator may (or, as and
when contemplated under Section 3.07(c), shall) mature on the Distribution Date) and a maximum maturity of 365 days, regardless
of whether issued by the Depositor, the Master Servicer, the Trustee, the Certificate Administrator or any of their respective
Affiliates and having at all times the required ratings, if any, provided for in this definition, unless each Rating Agency shall
have provided a Rating Agency Confirmation:

 

(i)       obligations
of, or obligations fully guaranteed as to payment of principal and interest by, the United States or any agency or instrumentality
thereof; provided such obligations are backed by the full faith and credit of the United States of America including, without
limitation, obligations of: the U.S. Treasury (all direct or fully guaranteed obligations), the Farmers Home Administration (certificates
of beneficial ownership), the General Services Administration (participation certificates), the U.S. Maritime Administration (guaranteed
Title XI financing), the Small Business Administration (guaranteed participation certificates and guaranteed pool certificates),
the U.S. Department of Housing and Urban Development (local authority bonds) and the Washington Metropolitan Area Transit Authority
(guaranteed transit bonds); provided, however, that the investments described in this clause must (A) have a predetermined
fixed dollar of principal due at maturity that cannot vary or change, (B) if such investments have a variable rate of interest,
such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with
that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(ii)       Federal
Housing Administration debentures;

 

(iii)      obligations
of the following United States government sponsored agencies: Federal Home Loan Mortgage Corp. (debt obligations), the Farm

 

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Credit
System (consolidated system wide bonds and notes), the Federal Home Loan Banks (consolidated debt obligations), the Federal National
Mortgage Association (debt obligations), the Financing Corp. (debt obligations), and the Resolution Funding Corp. (debt obligations);
provided, however, that the investments described in this clause must (A) have a predetermined fixed dollar amount
of principal due at maturity that cannot vary or change, (B) if such investments have a variable rate of interest, such interest
rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately with that index,
and (C) such investments must not be subject to liquidation prior to their maturity;

 

(iv)       federal
funds, unsecured certificates of deposit, time or similar deposits, bankers’ acceptances and repurchase agreements of any
bank, (A) if it has a term of three months or less, (1) the short-term obligations of which are rated in the highest short-term
debt rating category of [RA3] (if then rated by [RA3]) and (2) the short-term obligations of which are rated in the highest short-term
rating category by [RA1] or the long-term obligations of which are rated at least “[__]” by [RA1], (B) if it has a
term of more than three months and not in excess of six months, the short-term obligations of which are rated in the highest short-term
rating category by each Rating Agency and the long-term obligations of which are rated at least “[__]” by [RA1] and
(C) if it has a term of more than six months, the short-term obligations of which are rated in the highest short-term rating category
by each Rating Agency and the long-term obligations of which are rated “[__]” by [RA1] (or, in the case of any such
Rating Agency as set forth in clauses (A) through (C) above, such lower rating as is the subject of a Rating Agency Confirmation
by such Rating Agency and [RA2]); provided, however, that the investments described in this clause must (A) have
a predetermined fixed dollar amount of principal due at maturity that cannot vary or change, (B) if such investments have a variable
rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately
with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(v)       demand
and time deposits in, or certificates of deposit of, or bankers’ acceptances issued by, any bank or trust company, savings
and loan association or savings bank, (A) if it has a term of three months or less, (1) the short-term obligations of which are
rated in the highest short-term debt rating category of [RA3] (if then rated by [RA3]) and (2) the short-term obligations of which
are rated in the highest short-term rating category by [RA1] or the long-term obligations of which are rated at least “[__]”
by [RA1], (B) if it has a term of more than three months and not in excess of six months, the short-term obligations of which
are rated in the highest short-term rating category by each Rating Agency and the long-term obligations of which are rated at
least “[__]” by [RA1] and (C) if it has a term of more than six months, the short-term obligations of which are rated
in the highest short-term rating category by each Rating Agency and the long-term obligations of which are rated “[__]”
by [RA1] (or, in the case of any such Rating Agency as set forth in clauses (A) through (C) above,

 

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such lower rating as is the
subject of a Rating Agency Confirmation by such Rating Agency and [RA2]); provided, however, that the investments
described in this clause must (A) have a predetermined fixed dollar amount of principal due at maturity that cannot vary or change,
(B) if such investments have a variable rate of interest, such interest rate must be tied to a single interest rate index plus
a fixed spread (if any) and must move proportionately with that index, and (C) such investments must not be subject to liquidation
prior to their maturity;

 

(vi)       debt
obligations, (A) if it has a term of three months or less, (1) the short-term obligations of which are rated in the highest short-term
debt rating category of [RA3] (if then rated by [RA3]) and (2) the short-term obligations of which are rated in the highest short-term
rating category by [RA1] or the long-term obligations of which are rated at least “[__]” by [RA1], (B) if it has a
term of more than three months and not in excess of six months, the short-term obligations of which are rated in the highest short-term
rating category by each Rating Agency and the long-term obligations of which are rated at least “[__]” by [RA1] and
(C) if it has a term of more than six months, the short-term obligations of which are rated in the highest short-term rating category
by each Rating Agency and the long-term obligations of which are rated “[__]” by [RA1] (or, in the case of any such
Rating Agency as set forth in clauses (A) through (C) above, such lower rating as is the subject of a Rating Agency Confirmation
by such Rating Agency and [RA2]); provided, however, that the investments described in this clause must (A) have
a predetermined fixed dollar amount of principal due at maturity that cannot vary or change, (B) if such investments have a variable
rate of interest, such interest rate must be tied to a single interest rate index plus a fixed spread (if any) and must move proportionately
with that index, and (C) such investments must not be subject to liquidation prior to their maturity;

 

(vii)       commercial
paper (including both non-interest bearing discount obligations and interest bearing obligations payable on demand or on a specified
date not more than one year after the date of issuance thereof), (A) if it has a term of three months or less, (1) the short-term
debt obligations of which are rated at least “[__]” by [RA1] or the long-term obligations of which are rated at least
“[__]” by [RA1] and (2) the short-term debt obligations of which are rated in the highest short-term debt rating category
by [RA3] (if then rated by [RA3]); (B) if it has a term of more than three months and not in excess of six months, (1) the short-term
debt obligations of which are rated at least “[__]” by [RA1] and the long-term debt obligations of which are rated
at least “[__]” by [RA1] and (2) the short-term debt obligations of which are rated in the highest short-term rating
category by [RA3] (if then rated by [RA3]); and (C) if it has a term of more than six months, (1) the short-term debt obligations
of which are rated at least “[__]” by [RA1] and the long-term debt obligations of which are rated at least “[__]”
by [RA1] and (2) the short-term debt obligations of which are rated in the highest short-term rating category by [RA3] (if then
rated by [RA3]) (or, in the case of any such Rating Agency as set forth in clauses (A) through (C) above, such lower rating as
is the subject of a Rating Agency Confirmation by such Rating Agency and [RA2]); provided, however, that the investments
described in this clause must

 

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(A) have a predetermined fixed dollar of principal due at maturity that cannot vary or change, (B)
if such investments have a variable rate of interest, such interest rate must be tied to a single interest rate index plus a fixed
spread (if any) and must move proportionately with that index, and (C) such investments must not be subject to liquidation prior
to their maturity;

 

(viii)       the
[fund] or any other money market fund (in each case, the “Fund”)
so long as the Fund is rated by [RA1] in its highest money market fund ratings category (or, if not rated by such Rating Agency,
otherwise acceptable to such Rating Agency, [RA3] and [RA2], as confirmed in a Rating Agency Confirmation);

 

(ix)         any
other demand, money market or time deposit, demand obligation or any other obligation, security or investment with respect to
which Rating Agency Confirmation has been obtained from each Rating Agency; and

 

(x)          such
other demand, money market or time deposit, demand obligation or any other obligation, security or investment that, but for the
failure to satisfy one or more of the minimum rating(s) set forth in the applicable clause, would be listed in clauses (i) –
(ix) above, with respect to which a Rating Agency Confirmation has been obtained from each Rating Agency for which the minimum
ratings set forth in the applicable clause is not satisfied with respect to such demand, money market or time deposit, demand
obligation or any other obligation, security or investment;

 

provided,
however, that such instrument continues to qualify as a “cash flow investment” pursuant to Code Section 860G(a)(6)
earning a passive return in the nature of interest and that no instrument or security shall be a Permitted Investment if (i) such
instrument or security evidences a right to receive only interest payments, (ii) the right to receive principal and interest payments
derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to maturity at par of such
underlying investment, (iii) the rating for such instrument or security includes an “r” designation or (iv) if such
instrument may be redeemed at a price below the purchase price; and provided, further, that no amount beneficially
owned by the Upper-Tier REMIC or the Lower-Tier REMIC (even if not yet deposited in the Trust) may be invested in investments
(other than money market funds) treated as equity interests for federal income tax purposes, unless the Master Servicer receives
an Opinion of Counsel, at the expense of the party directing such Permitted Investment, to the effect that such investment will
not adversely affect the status of the Upper-Tier REMIC or the Lower-Tier REMIC. Permitted Investments that are subject to prepayment
or call may not be purchased at a price in excess of par.

 

Notwithstanding
the foregoing, to the extent that the Loan Documents with respect to a particular Mortgage Loan require the funds in the related
Mortgagor Accounts to be invested in investments other than those itemized in clauses (i) through (ix) above, the Master Servicer
shall invest the funds in such Mortgagor Accounts in accordance with the terms of the related Loan Documents.

 

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“Permitted
Special Servicer/Affiliate Fees”: Any commercially reasonable treasury management fees, banking fees, title insurance
and/or other insurance commissions and fees received or retained by the Special Servicer or any of its Affiliates in connection
with any services performed by such party with respect to any Serviced Loan, Trust Subordinate Companion Loan or REO Property,
in each case, in accordance with Article III of this Agreement.

 

“Permitted
Transferee”: With respect to a Class [R] Certificate, any Person or agent of such Person other than (a) a Disqualified
Organization, (b) any other Person so designated by the Certificate Registrar who is unable to provide an Opinion of Counsel (provided
at the expense of such Person or the Person requesting the transfer) to the effect that the transfer of an ownership interest
in any Class [R] Certificate to such Person will not cause either Trust REMIC to fail to qualify as a REMIC at any time that the
Certificates are outstanding, (c) a Disqualified Non-U.S. Tax Person, (d) an entity treated as a U.S. partnership if any of its
partners, directly or indirectly (other than through a U.S. corporation) is (or is permitted to be under the partnership agreement)
a Disqualified Non-U.S. Tax Person or (e) a U.S. Tax Person with respect to which income from a Class [R] Certificate is attributable
to a foreign permanent establishment or fixed base, within the meaning of an applicable income tax treaty, of the transferee or
any other U.S. Tax Person.

 

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

 

“Plan”:
As defined in Section 5.03(m) of this Agreement.

 

“Plan
Investor”: As defined in Section 5.03(m) of this Agreement.

 

“Pooled
Certificates”: The Certificates other than the [LOAN-SPECIFIC CLASS] Certificates.

 

“Preliminary
Dispute Resolution Election Notice”: As defined in Section 2.03(g)(i) of this Agreement.

 

“Prepayment
Assumption”: The assumption that there will be zero prepayments with respect to the Mortgage Loans; provided,
that it is assumed that any ARD Mortgage Loan is prepaid in full on its Anticipated Repayment Date.

 

“Prepayment
Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan or Serviced Loan Combination that was
subject to a Principal Prepayment in full or in part during the related Prepayment Period, which Principal Prepayment was applied
to such Mortgage Loan or Serviced Loan Combination after the Due Date in such Prepayment Period, the amount of interest (net of
the related Servicing Fee, any related Excess Interest and/or Default Interest) that accrued for such Mortgage Loan or Serviced
Loan Combination on the amount of such Principal Prepayment during the period commencing on the date after such Due Date and ending
on the date as of which such Principal Prepayment was applied to the unpaid principal balance of the Mortgage Loan or Serviced
Loan Combination (or any later date through which interest accrues), inclusive, to the extent collected from the related Mortgagor
(exclusive

 

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of
any related Yield Maintenance Charge or related Excess Interest and/or Default Interest that may have been collected) and, in
the case of an Outside Serviced Mortgage Loan, remitted to the Trust Fund.

 

“Prepayment
Interest Shortfall”: With respect to any Distribution Date, for each Mortgage Loan or Serviced Loan Combination that
was subject to a Principal Prepayment in full or in part during the related Prepayment Period, which Principal Prepayment was
applied to such Mortgage Loan or Serviced Loan Combination (with such prepayment allocated between the related Mortgage Loan and
Serviced Companion Loan in accordance with the related intercreditor agreement) prior to the Due Date in such Prepayment Period,
the amount of interest (net of the related Servicing Fee and any related Excess Interest and/or Default Interest) to the extent
not collected from the related Mortgagor, that would have accrued on such Mortgage Loan or Serviced Loan Combination on the amount
of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to the
unpaid principal balance of the Mortgage Loan or Serviced Loan Combination through the end of the applicable interest accrual
period for such Due Date, inclusive. With respect to the AB Loan Combination, any Prepayment Interest Shortfall for any Distribution
Date shall be allocated first to the related Subordinate Companion Loan (and, with respect to the Trust Subordinate Companion
Loan, correspondingly to the Class [LOAN-SPECIFIC CLASS] Certificates) and then to the related Mortgage Loan. Shortfalls allocable
to the Trust Subordinate Companion Loan as a result of Prepayment Interest Shortfalls not covered by Compensating Interest Payments
shall be allocated to the [LOAN-SPECIFIC CLASS] Certificates.

 

“Prepayment
Period”: With respect to any Distribution Date, the period beginning the day immediately following the Determination
Date in the month immediately preceding the month in which such Distribution Date occurs (or beginning on the day immediately
following the Cut-Off Date, in the case of the first Distribution Date) through and including the Determination Date immediately
preceding such Distribution Date.

 

“Primary
Collateral”: With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated
as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which
the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized
Mortgage Loan.

 

“Prime
Rate”: The “Prime Rate” as published in the “Money Rates” section of The Wall Street Journal,
Eastern edition (or, if such section or publication is no longer available, such other comparable publication as determined by
the Certificate Administrator in its reasonable discretion) as may be in effect from time to time, or, if the “Prime Rate”
no longer exists, such other comparable rate (as determined by the Certificate Administrator in its reasonable discretion) as
may be in effect from time to time. The Certificate Administrator shall notify in writing the Master Servicer with regard to any
determination of the Prime Rate in accordance with the parenthetical in the preceding sentence.

 

“Principal
Balance Certificates”: The Sequential Pay Certificates and the Class [EC] Certificates, collectively.

 

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“Principal
Distribution Amount”: For any Distribution Date will be equal to [the sum of the following amounts:

 

(A)      the
Scheduled Principal Distribution Amount for that Distribution Date;

 

(B)       the
Unscheduled Principal Distribution Amount for that Distribution Date;

 

(C)       the
Principal Shortfall, if any, for the prior Distribution Date; and

 

provided
that the Principal Distribution Amount for any Distribution Date shall be reduced, to not less than zero, by the amount of
any reimbursements of:

 

(1)       Nonrecoverable
Advances [(including any servicing advance with respect to an Outside Serviced Mortgage Loan under the related Outside Servicing
Agreement)], together with interest on such Nonrecoverable Advances at the Reimbursement Rate, that are paid or reimbursed from
principal collections on the Mortgage Loans in a period during which such principal collections would have otherwise been included
in the Principal Distribution Amount for such Distribution Date; and

 

(2)       Workout
Delayed Reimbursement Amounts paid or reimbursed from principal collections on the Mortgage Loans in a period during which such
principal collections would have otherwise been included in the Principal Distribution Amount for such Distribution Date;

 

provided,
further, that in the case of clauses (1) and (2) above, if any of the amounts that were reimbursed from principal collections
on the Mortgage Loans (including REO Loans) are subsequently recovered on the related Mortgage Loan (or REO Loan), such recovery
will increase the Principal Distribution Amount for the Distribution Date related to the applicable one-month period in which
such recovery occurs]. [IF SEPARATE CLASSES, INCLUDING ANY SINGLE VERTICAL SECURITY FOR PURPOSES OF REGULATION RR, ARE TO BE ALLOCATED
SPECIFIC PORTIONS OF THE PRINCIPAL DISTRIBUTION AMOUNT, SUCH ALLOCATION TO BE INCLUDED.]

 

“Principal
Prepayment”: Any payment of principal made by a Mortgagor on a Mortgage Loan, Serviced Loan Combination or Trust Subordinate
Companion Loan which is received in advance of its scheduled Due Date and which is not accompanied by an amount of interest representing
the full amount of scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment other
than any amount paid in connection with the release of the related Mortgaged Property through defeasance.

 

“Principal
Shortfall”: For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for such Distribution
Date exceeds (ii) the aggregate amount actually distributed on such Distribution Date in respect of such Principal Distribution
Amount.

 

    -98- 

     

    

 

“Private
Certificates”: The Class [E], Class [F], Class [G], Class [H], Class [ARD] and Class [R] Certificates.

 

“Privileged
Information”: Any (i) correspondence or other communications between the related Directing Holder [or a Risk Retention
Consultation Party]1 (and, in the case of any Serviced Loan Combination, the related Serviced Companion Loan Holder
(or its Companion Loan Holder Representative)), on the one hand, and the Special Servicer, on the other hand, related to any Specially
Serviced Loan or the exercise of the consent or consultation rights of such Directing Holder under this Agreement[, the consultation
rights of such Risk Retention Consultation Party under this Agreement]1 and/or the consent or consultation rights of
any related Serviced Companion Loan Holder (or its Companion Loan Holder Representative) under the related Co-Lender Agreement,
(ii) strategically sensitive information that the Special Servicer has reasonably determined (and has identified as privileged
or confidential information) could compromise the Trust Fund’s position in any ongoing or future negotiations with the related
Mortgagor or other interested party, and (iii) any information subject to attorney-client privilege (that has been identified
or otherwise communicated as being subject to such privilege).

 

“Privileged
Information Exception”: With respect to any Privileged Information, at any time (a) such Privileged Information becomes
generally available and known to the public other than as a result of a disclosure directly or indirectly by the party restricted
from disclosing such Privileged Information (the “Restricted Party”), (b) it is reasonable and necessary for the Restricted
Party to disclose such Privileged Information in working with legal counsel, auditors, taxing authorities or other governmental
agencies, (c) such Privileged Information was already known to such Restricted Party and not otherwise subject to a confidentiality
obligation and/or (d) the Restricted Party is (in the case of the Master Servicer, the Special Servicer, the Operating Advisor,
the Certificate Administrator, any affected Serviced Companion Loan Holder, the Trustee and the Asset Representations Reviewer,
as evidenced by an Officer’s Certificate (which shall include a certification that it is based on the advice of counsel)
delivered to each of the Master Servicer, the Special Servicer, the applicable Directing Holder, [the Risk Retention Consultation
Parties (other than with respect to any related Excluded RRCP Mortgage Loan),]1 the Operating Advisor, the Certificate
Administrator, the Trustee and the Asset Representations Reviewer) required by law, rule, regulation, order, judgment or decree
to disclose such information.

 

“Privileged
Person”: The Depositor and its designees, the Initial Purchasers, the Underwriters, the Mortgage Loan Sellers, the Master
Servicer, the Special Servicer, the Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, any Additional
Servicer designated by the Master Servicer or the Special Servicer, the Directing Holder (but, in the case of the Controlling
Class Representative, only for so long as a Consultation Termination Event does not exist), the Operating Advisor, any Affiliate
of the Operating Advisor designated by the Operating Advisor, the Asset Representations Reviewer, any affiliate of the Asset Representations
Reviewer designated by the Asset Representations Reviewer, any Companion Loan Holder that delivers an Investor Certification (subject
to the next sentence and the proviso to this sentence), any other Person [(including any Risk Retention Consultation Party)]1
who

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

  

    -99- 

     

    

 

provides
the Certificate Administrator with an Investor Certification (subject to the next sentence and the proviso to this sentence),
any Rating Agency, and any other NRSRO that delivers a NRSRO Certification to the Certificate Administrator; provided that
in no event shall an Excluded Controlling Class Holder be entitled to Excluded Information with respect to an Excluded Controlling
Class Mortgage Loan with respect to which it is a Borrower Party (but this exclusion shall not apply to any other Mortgage Loan).
In no event shall a Borrower Party [(other than a Risk Retention Consultation Party if it is a Borrower Party)]1
be considered a Privileged Person; provided that the foregoing shall not be applicable to, nor limit, an Excluded Controlling
Class Holder’s right to access information with respect to any Mortgage Loan other than Excluded Information with respect
to a related Excluded Controlling Class Mortgage Loan. For the avoidance of doubt, the Controlling Class Representative, each
Controlling Class Certificateholder and the Special Servicer shall, at any given time, be considered a Privileged Person with
respect to any Mortgage Loans or Serviced Loan Combinations for which it is not then a Borrower Party, and the limitations on
access to information set forth in this Agreement will apply only with respect to the related Mortgage Loan for which the applicable
party is a Borrower Party and only with respect to the related Excluded Information (in the case of the Controlling Class Representative
or a Controlling Class Certificateholder) or the related Excluded Special Servicer Information (in the case of the Special Servicer).

 

“Property
Advance”: As to any Serviced Mortgage Loan, Serviced Loan Combination, Trust Subordinate Companion Loan or REO Property
(other than an REO Property related to an Outside Serviced Mortgage Loan), any advance made by the Master Servicer or the Trustee
in respect of Property Protection Expenses, together with all other customary, reasonable and necessary “out of pocket”
costs and expenses (including attorneys’ fees and fees and expenses of real estate brokers) incurred by the Master Servicer,
the Special Servicer or the Trustee in connection with the servicing and administration of a Serviced Mortgage Loan or Serviced
Loan Combination, if a default is imminent thereunder or a default, delinquency or other unanticipated event has occurred with
respect thereto, or in connection with the administration of any REO Property (other than an REO Property related to an Outside
Serviced Mortgage Loan), including, but not limited to, the cost of (a) compliance with the obligations of the Master Servicer,
the Special Servicer or the Trustee, if any, set forth in Sections 2.03, 3.04 and 3.07 of this Agreement,
(b) the preservation, insurance, restoration, protection and management of a related Mortgaged Property, (c) obtaining any Insurance
Proceeds, Condemnation Proceeds or Liquidation Proceeds, (d) any enforcement or judicial proceedings with respect to a related
Mortgaged Property, including foreclosures, (e) any Appraisal or any other appraisal or update thereof expressly permitted or
required to be obtained hereunder and (f) the operation, management, maintenance and liquidation of any such REO Property; provided
that, notwithstanding anything to the contrary, “Property Advances” shall not include allocable overhead of the
Master Servicer, the Special Servicer or the Trustee, such as costs for office space, office equipment, supplies and related expenses,
employee salaries and related expenses and similar internal costs and expenses, or costs and expenses incurred by any such party
in connection with its purchase of any Mortgage Loan or REO Property pursuant to any provision of this Agreement or an intercreditor
agreement. Each reference to the payment or

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

  

    -100- 

     

    

 

reimbursement
of a Property Advance shall be deemed to include, whether or not specifically referred to, payment or reimbursement of interest
thereon at the Advance Rate from and including the date of the making of such Advance to but excluding the date of payment or
reimbursement. If and when used with respect to an Outside Serviced Mortgage Loan or any related REO Property, the term “Property
Advance” shall have the meaning assigned thereto or to the term “Servicing Advance” in the applicable Outside
Servicing Agreement.

 

“Property
Protection Expenses”: Any costs and expenses incurred by the Master Servicer, the Special Servicer or the Trustee pursuant
to Sections 3.04, 3.07, 3.10(f), 3.10(g) and 3.17(b) or indicated herein as being a cost or
expense of the Lower-Tier REMIC to be advanced by the Master Servicer or the Trustee, as applicable.

 

“Proposed
Course of Action Notice”: As defined in Section 2.03(g)(i) of this Agreement.

 

“Prospectus”:
The prospectus dated [date], relating to the Public Certificates.

 

“PTCE”:
Prohibited Transaction Class Exemption.

 

“Public
Certificates”: The Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB], Class [X-A], Class [A-S], Class
[B], Class [EC], Class [C] and Class [D] Certificates.

 

“Public
Documents”: As defined in Section 4.02(a) of this Agreement.

 

“Public
Global Certificates”: A Global Certificate relating to a Class of Public Certificates.

 

“Purchase
Price”: With respect to any Mortgage Loan (or any related REO Property) [or, if applicable, the Trust Subordinate Companion
Loan], a price equal to the following: (a) the outstanding principal balance of such Mortgage Loan [or, if applicable, the Trust
Subordinate Companion Loan] (or the related REO Mortgage Loan) as of the date of purchase less any Loss of Value Payment available
to reduce the outstanding principal balance; plus (b) all accrued and unpaid interest on the principal balance of such Mortgage
Loan [or, if applicable, the Trust Subordinate Companion Loan] (or the related REO Mortgage Loan), other than Default Interest
or Excess Interest, at the related Mortgage Rate in effect from time to time through the Due Date in the Collection Period of
purchase; plus (c) all unreimbursed Property Advances relating to such Mortgage Loan [or, if applicable, the Trust Subordinate
Companion Loan] (including any Property Advances and Advance Interest Amounts that were reimbursed out of general collections
on the Mortgage Loans) (or, in the case of an Outside Serviced Mortgage Loan, the pro rata portion of any similar amounts
allocable to such Mortgage Loan and payable with respect thereto pursuant to the related Co-Lender Agreement); plus (d) all accrued
and unpaid Advance Interest Amounts in respect of related Advances [or, if applicable, the Trust Subordinate Companion Loan] (or,
in the case of an Outside Serviced Mortgage Loan, all such amounts with respect to P&I Advances related to such Outside Serviced
Mortgage Loan and, with respect to outstanding Property Advances, the pro rata portion of any similar interest amounts
payable with respect thereto pursuant to the related Co-Lender Agreement); plus (e) to the extent not otherwise covered by clause
(d) of this definition of “Purchase Price”, any unpaid

 

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Special
Servicing Fees and any other unpaid Additional Trust Fund Expenses outstanding or previously incurred in respect of the related
Mortgage Loan [or, if applicable, the Trust Subordinate Companion Loan]; plus (f) if such Mortgage Loan is being repurchased or
substituted for by a Mortgage Loan Seller pursuant to Section 6 of the related Mortgage Loan Purchase Agreement, all expenses
incurred or to be incurred by the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and the
Trustee in respect of the Material Defect giving rise to the repurchase or substitution obligation (to the extent not otherwise
included in the amounts described in clause (e) above); provided, however, that such expenses shall not include
expenses incurred by Certificateholders or Certificate Owners in instituting an Asset Review Vote Election, in taking part in
an Asset Review vote or in exercising such Certificateholder’s or Certificate Owner’s, as applicable, rights under
the dispute resolution mechanics pursuant to Section 2.03(g) hereof; plus (g) to the extent not otherwise included in the
amount described in clause (e) above, any Liquidation Fee if and to the extent payable in accordance with the terms and
conditions of this Agreement; plus (h) any related Asset Representations Reviewer Asset Review Fee to the extent not previously
paid by the related Mortgage Loan Seller. With respect to any REO Property that relates to a Serviced Loan Combination, the Purchase
Price for the Trust Fund’s interest in such REO Property shall be the amount calculated in accordance with the first sentence
of this definition in respect of the related REO Mortgage Loan and, solely for purposes of calculating fair prices under the final
sentence of Section 3.17(k) of this Agreement, such amount shall be calculated as if the REO Mortgage Loan consisted of
the REO Mortgage Loan and the related REO Companion Loan(s), if applicable.

 

“Qualified
Bidder”: As defined in Section 7.01(b) of this Agreement.

 

“Qualified
Institutional Buyer”: A “qualified institutional buyer” within the meaning of Rule 144A.

 

“Qualified
Insurer”: As used in Sections 3.08 and 5.10 of this Agreement, in the case of (i) all policies not referred
to in clause (ii) below, an insurance company or security or bonding company qualified to write the related insurance policy in
the relevant jurisdiction and whose claims paying ability is rated at least “[__]” by [RA1] (or, if not rated by [RA1],
then either (x) an equivalent rating such as that listed above by at least two NRSROs (which may include [RA4] and/or [RA5]) or
one NRSRO (which may include [RA4] and/or [RA5]) and A.M. Best or (y) each of [RA1] and [RA2] has issued a Rating Agency Confirmation
with respect to such insurance company) or (ii) in the case of the fidelity bond and the errors and omissions insurance required
to be maintained pursuant to Section 3.08(c) of this Agreement, a company that shall have a claims-paying ability rated
at least as follows by at least one of the following NRSROs: “[__]” by [RA6], “A-“ by [RA4], “[__]”
by [RA5], “[__]” by [RA1] or “[__]” by A.M. Best, or (iii) in either case, an insurance company not satisfying
the ratings criteria of any Rating Agency set forth in clause (i) or (ii), as applicable, but with respect to which
the Master Servicer or the Special Servicer, as applicable, has received a Rating Agency Confirmation from such Rating Agency
and [RA2]. “Qualified Insurer” shall also mean any entity that satisfies all of the criteria, other than the ratings
criteria, set forth in one of the foregoing clauses and whose obligations under the related insurance policy are guaranteed or
backed by an entity that satisfies the ratings criteria set forth in such clause (construed as if such entity were an insurance
company referred to therein).

 

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“Qualified
Mortgage”: A Mortgage Loan that is a “qualified mortgage” within the meaning of Code Section 860G(a)(3)
(but without regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective Mortgage Loan to be treated
as a “qualified mortgage”, or any substantially similar successor provision).

 

“Qualified
Substitute Mortgage Loan”: A mortgage loan that must, on the date of substitution: (i) have an outstanding principal
balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution,
whether or not received, not in excess of the Stated Principal Balance of the deleted Mortgage Loan as of the Due Date in the
calendar month during which the substitution occurs; (ii) have a Mortgage Rate not less than the Mortgage Rate of the deleted
Mortgage Loan; (iii) have the same Due Date as and a grace period no longer than that of the deleted Mortgage Loan; (iv) accrue
interest on the same basis as the deleted Mortgage Loan (for example, on the basis of a 360-day year consisting of twelve 30-day
months); (v) have a remaining term to stated maturity not greater than, and not more than two years less than, the remaining term
to stated maturity of the deleted Mortgage Loan; (vi) have a then-current loan-to-value ratio equal to or less than the lesser
of (a) the loan-to-value ratio of the deleted Mortgage Loan as of the Cut-Off Date and (b) [75]%, in each case using the “value”
for the Mortgaged Property as determined using an Appraisal; (vii) comply (except in a manner that would not be adverse to the
interests of the Certificateholders) as of the date of substitution in all material respects with all of the representations and
warranties set forth in the applicable Mortgage Loan Purchase Agreement; (viii) have an environmental report that indicates no
material adverse environmental conditions with respect to the related Mortgaged Property and which will be delivered as a part
of the related Servicing File; (ix) have a then-current debt service coverage ratio at least equal to the greater of (a) the debt
service coverage ratio of the deleted Mortgage Loan as of the Closing Date and (b) [1.25]x; (x) constitute a “qualified
replacement mortgage” within the meaning of Code Section 860G(a)(4) as evidenced by an Opinion of Counsel (provided at the
applicable Mortgage Loan Seller’s expense); (xi) not have a maturity date or an amortization schedule that extends to a
date that is after the date that is three years prior to the Rated Final Distribution Date; (xii) have prepayment restrictions
comparable to those of the deleted Mortgage Loan; (xiii) not be substituted for a deleted Mortgage Loan unless the Trustee and
the Certificate Administrator have received a prior Rating Agency Confirmation (the cost, if any, of obtaining such Rating Agency
Confirmation to be paid by the applicable Mortgage Loan Seller); (xiv) have been approved, so long as a Consultation Termination
Event has not occurred and is not continuing, by the Controlling Class Representative; (xv) prohibit defeasance within two years
of the Closing Date; (xvi) not be substituted for a deleted Mortgage Loan if it would result in the termination of the REMIC status
of a Trust REMIC or the imposition of tax on a Trust REMIC other than a tax on income expressly permitted or contemplated to be
imposed by the terms of this Agreement, as determined by an Opinion of Counsel; (xvii) have an engineering report with respect
to the related Mortgaged Property that will be delivered as a part of the related Servicing File; and (xviii) be current in the
payment of all scheduled payments of principal and interest then due. In the event that more than one mortgage loan is substituted
for a deleted Mortgage Loan or Mortgage Loans, then the amounts described in clause (i) above shall be determined on the basis
of aggregate principal balances and each such proposed Qualified Substitute Mortgage Loan shall individually satisfy each of the
requirements specified in clauses (ii) through (xviii) above; provided that the rates described in clause (ii) above and
the remaining term to stated maturity referred to in clause (v) above shall be determined on a weighted average basis;

 

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provided
further, that no individual Mortgage Rate (net of the Administrative Cost Rate) shall be lower than the highest fixed Pass-Through
Rate (and not based on, or subject to a cap equal to, the WAC Rate) of any Class of Principal Balance Certificates or Class [EC]
Regular Interest having a Certificate Balance then outstanding. When a Qualified Substitute Mortgage Loan is substituted for a
deleted Mortgage Loan or Trust Subordinate Companion Loan, the applicable Mortgage Loan Seller shall certify that the replacement
mortgage loan meets all of the requirements of the above definition and shall send such certification to the Certificate Administrator
and the Trustee and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative.

 

“[RA1]”:
[rating agency 1] or its successors in interest. If neither [RA1] nor any successor
remains in existence, “[RA1]” shall be deemed to refer to such other nationally recognized statistical rating agency
or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of [RA1] herein referenced shall
be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

 

“[RA2]”:
[rating agency 2] or its successors in interest. If neither [RA2] nor any successor
remains in existence, “[RA2]” shall be deemed to refer to such other nationally recognized statistical rating agency
or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of [RA2] herein referenced shall
be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

 

“[RA3]”:
[rating agency 3] or its successors in interest. If neither [RA3] nor any successor
remains in existence, “[RA3]” shall be deemed to refer to such other nationally recognized statistical rating agency
or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee,
the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of [RA3] herein referenced shall
be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

 

“[RA4]”:
[rating agency 4], or its successors in interest.

 

“[RA5]”:
[rating agency 5] or its successors in interest.

 

“[RA6]”:
[rating agency 6] or its successors in interest.

 

“Rated
Final Distribution Date”: The Distribution Date occurring in [date].

 

“Rating
Agency”: Each of [RA1], [RA2] and [RA3] or their successors in interest. If no such rating agency nor any successor
thereof remains in existence, “Rating Agency” shall be deemed to refer to such nationally recognized statistical rating
organization or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to
the Trustee, the Certificate Administrator and the Master Servicer, and specific ratings of [RA1], [RA2] and [RA3] herein referenced
shall be deemed to refer to the equivalent

 

    -104- 

     

    

 

ratings (as reasonably determined by the Depositor) of the party so designated. References
herein to the highest long-term unsecured debt rating category of [RA1], [RA2] or [RA3] shall mean “[__]” with respect
to [RA1] and “[__]” with respect to [RA2] and [RA3], and, in the case of any other rating agency, shall mean such
highest rating category without regard to any plus or minus or numerical qualification. [THE SPECIFIC NUMBER OF RATING AGENCIES
MAY VARY FROM TRANSACTION TO TRANSACTION.]

 

“Rating
Agency Confirmation”: With respect to any matter, confirmation in writing (which may be in electronic form) by each
applicable Rating Agency that a proposed action, failure to act or other event so specified will not, in and of itself, result
in the downgrade, withdrawal or qualification of the then-current rating assigned to any Class of Certificates (if then rated
by the Rating Agency); provided that upon receipt of a written waiver or other acknowledgment from any applicable Rating
Agency indicating its decision not to review or declining to review the matter for which the Rating Agency Confirmation is sought
(such written notice, a “Rating Agency Declination”), or as otherwise provided in Section 3.30 of this Agreement,
the requirement for the Rating Agency Confirmation from the applicable Rating Agency with respect to such matter shall be deemed
to have been satisfied.

 

“Rating
Agency Declination”: As defined in the definition of “Rating Agency Confirmation” in this Agreement.

 

“Realized
Loss”: With respect to any Distribution Date, the amount, if any, by which (A) the aggregate Certificate Balance of
all Classes of Principal Balance Certificates (other than the Exchangeable Certificates) and the Class [EC] Regular Interests,
after giving effect to distributions on such Distribution Date, exceeds (B) the aggregate Stated Principal Balance of the Mortgage
Loans (including any REO Mortgage Loans) (for purposes of this calculation only, not giving effect to any reductions of the Stated
Principal Balance for principal payments received on the Mortgage Loans that were used to reimburse the Master Servicer or the
Trustee from general collections of principal on the Mortgage Loans for Workout-Delayed Reimbursement Amounts, to the extent such
Workout-Delayed Reimbursement Amounts are not otherwise determined to be Nonrecoverable Advances) after giving effect to any and
all reductions thereon on such Distribution Date. The allocation of Realized Losses may be reversed as provided in the penultimate
sentence of the first paragraph of Section 4.01(g) of this Agreement.

 

“Record
Date”: With respect to each Distribution Date and each Class of Certificates, the close of business on the [last day
of the month immediately preceding the month in which such Distribution Date occurs], or if such day is not a Business Day, the
immediately preceding Business Day.

 

“Registered
Rating Agency”: (a) Any Rating Agency that has registered as a user of the Rule 17g-5 Information Provider’s Website;
or (b) any NRSRO other than the Rating Agencies (i) that has registered as a user of the Rule 17g-5 Information Provider’s
Website and (ii) with respect to which the Rule 17g-5 Information Provider has received an NRSRO Certification pursuant to Section
11.13(h) of this Agreement.

 

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“Regular
Certificates”: The Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB], Class [X-A], Class [D], Class [E],
Class [F], Class [G] and Class [H] Certificates.

 

“Regulation
AB”: 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.

 

“Regulation
RR”: The final credit risk retention rule issued by the Securities and Exchange Commission (appearing at 17 C.F.R. §
246.1, et seq.) that adopted the joint final rule promulgated by the Regulatory Agencies (appearing at 79 F.R. 77601; pages
77740-77766) to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as added
by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as such rule may be amended from time to time,
and subject to such clarification and interpretation as have been provided by the Regulatory Agencies in the adopting release
(79 FR 77601 et seq.) or by the staff of any such agency, or as may be provided by any such agency or its staff from time
to time, in each case, as effective from time to time.

 

“Regulation
S”: Regulation S under the Act.

 

“Regulation
S Global Certificates”: As defined in Section 5.02(c)(i) of this Agreement.

 

“Regulation
S Investor”: With respect to a transferee of a Regulation S Global Certificate, a transferee that acquires such Certificate
pursuant to Regulation S.

 

“Relevant
Distribution Date”: With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and
(b) any Significant Obligor with respect to an Other Securitization Trust, the “Distribution Date” (or an analogous
concept) under the related Other Pooling and Servicing Agreement.

 

“Relevant
Servicing Criteria”: The Servicing Criteria applicable to a specific party, as set forth on Exhibit O to this
Agreement. For clarification purposes, multiple parties can have responsibility for the same Relevant Servicing Criteria. With
respect to a Servicing Function Participant engaged by the Master Servicer, the Special Servicer or the Certificate Administrator,
the term “Relevant Servicing Criteria” may refer to a portion of the Relevant Servicing Criteria applicable to the
Master Servicer, the Special Servicer or the Certificate Administrator.

 

“Remaining
Certificateholder”: Any Holder (or Holders provided they act in unanimity) holding 100% of the Certificates (other than
the Class [ARD] and Class [R] Certificates) or an assignment of the voting rights thereof; provided, however, that
the Certificate Balances of the Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB] and Class [D] Certificates and
the Class [EC] Regular Interests and the Notional Amount of the Class [X-A] Certificates have been reduced to zero.

 

    -106- 

     

    

 

“REMIC”:
A “real estate mortgage investment conduit” within the meaning of Code Section 860D.

 

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

 

“Rents
from Real Property”: With respect to any REO Property, gross income of the character described in Code Section 856(d),
which income, subject to the terms and conditions of that Section of the Code in its present form, does not include:

 

(1)       except
as provided in Code Section 856(d)(4) or (6), any amount received or accrued, directly or indirectly, with respect to such REO
Property, if the determination of such amount depends in whole or in part on the income or profits derived by any Person from
such property (unless such amount is a fixed percentage or percentages of receipts or sales and otherwise constitutes Rents from
Real Property);

 

(2)       any
amount received or accrued, directly or indirectly, from any Person if the Trust Fund owns directly or indirectly (including by
attribution) a ten percent or greater interest in such Person determined in accordance with Code Sections 856(d)(2)(B) and (d)(5);

 

(3)       any
amount received or accrued, directly or indirectly, with respect to such REO Property if any Person Directly Operates such REO
Property;

 

(4)       any
amount charged for services that are not customarily furnished in connection with the rental of property to tenants in buildings
of a similar class in the same geographic market as such REO Property within the meaning of Treasury Regulations Section 1.856-4(b)(1)
(whether or not such charges are separately stated); and

 

(5)       rent
attributable to personal property unless such personal property is leased under, or in connection with, the lease of such REO
Property and, for any taxable year of the Trust Fund, such rent is no greater than 15 percent of the total rent received or accrued
under, or in connection with, the lease.

 

“REO
Account”: A segregated custodial account or accounts created and maintained by the Special Servicer pursuant to Section
3.16 of this Agreement on behalf of the Trustee in trust for the Certificateholders and the Serviced Companion Loan Holders
or Holders of the Class [loan-specific] Certificates, as applicable, which (subject
to any change in the identities of the Special Servicer and/or the Trustee) shall be entitled “[special
servicer], as Special Servicer, on behalf of [trustee], as Trustee, for
the benefit of the registered Holders of [____________________] and the Companion Loan Holder REO Account, as their interests
may appear.” Any such account or accounts shall be an Eligible Account.

 

    -107- 

     

    

 

[“REO
Companion Loan”: Any Serviced Companion Loan as to which the related Mortgaged Property has become an REO Property.]

 

“REO
Extension”: As defined in Section 3.16(a) of this Agreement.

 

[“REO
Loan”: An REO Mortgage Loan or REO Companion Loan.]

 

“REO
Loan Combination”: Any Serviced Loan Combination as to which the related Mortgaged Property has become an REO Property.

 

[“REO
Mortgage Loan”: Any Mortgage Loan as to which the related Mortgaged Property has become an REO Property [(including,
in the case of an Outside Serviced Mortgage Loan, if the related Mortgaged Property has been acquired through foreclosure or deed-in-lieu
of foreclosure under the related Outside Servicing Agreement)].].

 

“REO
Proceeds”: With respect to any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan)
and the related REO Mortgage Loan, REO Companion Loan and REO Trust Subordinate Companion Loan, all revenues received by the Special
Servicer with respect to such REO Property, REO Mortgage Loan, REO Companion Loan or REO Trust Subordinate Companion Loan which
do not constitute Liquidation Proceeds. In the case of an Outside Serviced Mortgage Loan that has become an REO Mortgage Loan
and in the case of the related REO Property, “REO Proceeds” under this Agreement shall be limited to any proceeds
of the type described above in this definition that are received by the Trust Fund in connection with such Outside Serviced Mortgage
Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

 

“REO
Property”: A Mortgaged Property as to which title has been acquired on behalf of the Trust Fund and any related Serviced
Companion Loan Holder through foreclosure, deed in lieu of foreclosure or otherwise; provided that a Mortgaged Property
that secures an Outside Serviced Mortgage Loan shall constitute an REO Property if and when it is acquired under the applicable
Outside Servicing Agreement on behalf of the Trustee for the benefit of the Trust Fund as the holder of such Outside Serviced
Mortgage Loan and of the related Companion Loan Holder(s) through foreclosure, acceptance of a deed-in-lieu of foreclosure or
otherwise in accordance with applicable law in connection with a default or imminent default of such Outside Serviced Mortgage
Loan.

 

“REO
Trust Subordinate Companion Loan”: Any Trust Subordinate Companion Loan if the related Mortgaged Property has become
an REO Property.

 

“Reportable
Event”: As defined in Section 10.07 of this Agreement.

 

“Reporting
Servicer”: As defined in Section 10.09 of this Agreement.

 

“Repurchase”:
As defined in Section 2.03(a) of this Agreement.

 

“Repurchase
Communication”: For purposes of Sections 2.03(a) and 3.01(c) of this Agreement only, any communication,
whether oral or written, which need not be in any specific form.

 

    -108- 

     

    

 

“Repurchase
Request”: A Certificateholder Repurchase Request, a PSA Party Repurchase Request or any other Repurchase Communication
of a request or demand for repurchase or replacement of any Mortgage Loan alleging a Document Defect or Breach with respect to
such Mortgage Loan.

 

“Repurchase
Request Rejection”: As defined in Section 2.03(a) of this Agreement.

 

“Repurchase
Request Withdrawal”: As defined in Section 2.03(a) of this Agreement.

 

“Request
for Release”: A request for a release signed by a Servicing Officer, substantially in the form of Exhibit C hereto.

 

“Requesting
Holders”: As defined in Section 3.10(a) of this Agreement.

 

“Requesting
Party”: As defined in Section 3.30(a) of this Agreement.

 

“Required
Sponsor Retention Amount”: [INSERT PRINCIPAL BALANCE AND CLASSES OF CERTIFICATES BEING RETAINED BY THE SPONSOR (OR ITS
AFFILIATE) IN SATISFACTION OR PARTIAL SATISFACTION OF THE RISK RETENTION REQUIREMENTS][INCLUDE FOR TRANSACTIONS THAT SATISFY RISK
RETENTION REQUIREMENTS THROUGH THIRD PARTY PURCHASER OF HORIZONTAL RESIDUAL INTEREST]

 

“Required
[ORIGINATOR] Retention Amount”: [INSERT PRINCIPAL BALANCE AND CLASSES OF CERTIFICATES BEING RETAINED BY [ORIGINATOR]
IN PARTIAL SATISFACTION OF THE RISK RETENTION REQUIREMENTS][INCLUDE FOR TRANSACTIONS THAT SATISFY RISK RETENTION REQUIREMENTS
THROUGH THIRD PARTY PURCHASER OF HORIZONTAL RESIDUAL INTEREST]

 

“Required
Third Party Purchaser Retention Amount”: [INSERT PRINCIPAL BALANCE AND CLASSES OF CERTIFICATES BEING PURCHASED BY A
THIRD PARTY PURCHASER IN SATISFACTION OR PARTIAL SATISFACTION OF THE RISK RETENTION REQUIREMENTS][INCLUDE FOR TRANSACTIONS THAT
SATISFY RISK RETENTION REQUIREMENTS THROUGH THIRD PARTY PURCHASER OF HORIZONTAL RESIDUAL INTEREST]

 

“Residual
Ownership Interest”: Any record or beneficial interest in the Class [R] Certificates.

 

“Resolution
Failure”: As defined in Section 2.03(f)(i) of this Agreement.

 

“Resolved”:
With respect to a Repurchase Request, means that (i) the related Material Defect has been cured, (ii) the related Mortgage Loan
has been repurchased in accordance with the related Mortgage Loan Purchase Agreement, (iii) a mortgage loan has been substituted
for the related Mortgage Loan in accordance with the related Mortgage Loan Purchase Agreement, (iv) the applicable Mortgage Loan
Seller has made a Loss of Value

 

    -109- 

     

    

 

Payment, (v) a contractually binding agreement has been entered into between the Enforcing Servicer,
on behalf of the Trust, and the related Mortgage Loan Seller that settles the related Mortgage Loan Seller’s obligations
under the related Mortgage Loan Purchase Agreement, or (vi) the related Mortgage Loan is no longer property of the Trust as a
result of a sale or other disposition in accordance with this Agreement.

 

“Responsible
Officer”: When used with respect to (i) the Trustee, any officer of the Corporate Trust Office of the Trustee (and,
in the event that the Trustee is the Certificate Registrar or the Paying Agent, of the Certificate Registrar or the Paying Agent,
as applicable) assigned to the Corporate Trust Office with direct responsibility for the administration of this Agreement and
also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge
of and familiarity with the particular subject and (ii) the Certificate Administrator, any officer assigned to the Corporate Trust
Services group, with direct responsibility for the administration of this Agreement and also, with respect to a particular matter,
any other officer to whom a particular matter is referred by the Certificate Administrator because of such officer’s knowledge
of and familiarity with the particular subject. When used with respect to any Certificate Registrar (other than the Trustee or
the Certificate Administrator), any officer or assistant officer thereof.

 

“Restricted
Group”: Collectively, the following persons and entities: the Trustee; the Underwriters; the Depositor; the Master Servicer;
the Special Servicer; any Sub-Servicers; the Sponsors; each Mortgagor, if any, with respect to Mortgage Loans constituting more
than 5% of the total unamortized principal balance of all the Mortgage Loans in the Trust Fund as of the Closing Date; and any
and all Affiliates of any of the aforementioned Persons.

 

“Restricted
Party”: As defined in the definition of “Privileged Information Exception” in this Agreement.

 

“Restricted
Period”: As defined in Section 5.02(c)(i) of this Agreement.

 

“Retained
Defeasance Rights and Obligations”: As defined in Section 3.09(d)(ii) of this Agreement.

 

“Retained
Defeasance Rights and Obligations Mortgage Loan”: As defined in Section 3.09(d)(ii) of this Agreement.

 

“Retained
Interest Safekeeping Account”: An account maintained by the Certificate Administrator, which account shall be deemed
to be owned by the Holder(s) of the RR Interest in proportion equal to their respective ownership interests in the RR Interest.

 

“Retaining
Party”: [Each of [CREFI] as holder of the VRR1 Interest, [______] holder of the [VRR2 Interest], [______] as holder
of the [VRR3 Interest]] [, and the] [The] Third Party Purchaser as holder of the HRR Interest, and any successor holder of all
or part of [the [VRR1 Interest], the [VRR2 Interest], the [VRR3 Interest]] [or] [the HRR Interest].

 

“Retaining
Sponsor”: CREFI, acting as retaining sponsor as such term is defined under Rule 2 of Regulation RR.

 

    -110- 

     

    

 

“Review
Package”: A package of documents consisting of a memorandum outlining the analysis and recommendation (in accordance
with the Servicing Standard) of the Master Servicer or the Special Servicer, as the case may be, with respect to the matters that
are the subject thereof, and copies of all relevant documentation.

 

“Revised
Rate”: With respect to any ARD Mortgage Loan, the increased interest rate after the Anticipated Repayment Date (in the
absence of a default) for such ARD Mortgage Loan, as calculated and as set forth in the related Loan Agreement.

 

[“Risk
Retention Consultation Party”: The party selected by [CREFI]. The Certificate Administrator shall promptly provide the
name and contact information for the initial Risk Retention Consultation Party upon request of any party to this Agreement and
any such requesting party may conclusively rely on the name and contact information provided by the Certificate Administrator.
The other parties hereto shall be entitled to assume, without independent investigation or verification, that the identity of
the Risk Retention Consultation Party has not changed until such parties receive written notice of (including the identity of
and contact information for) a replacement of such Risk Retention Consultation Party from [CREFI]. Notwithstanding the foregoing,
the Risk Retention Consultation Party shall not have any consultation rights with respect to any Excluded RRCP Mortgage Loan.
The initial Risk Retention Consultation Party shall be [CREFI].

 

In
the event that no Risk Retention Consultation Party has been appointed or identified to the Master Servicer or the Special Servicer,
as applicable, and the Master Servicer or the Special Servicer, as applicable, has attempted to obtain such information from the
Certificate Administrator and no such entity has been identified (along with contact information) to the Master Servicer or the
Special Servicer, as applicable, then until such time as the new Risk Retention Consultation Party is identified, the Master Servicer
or the Special Servicer, as applicable, shall have no duty to consult with, provide notice to, or seek the approval or consent
of the Risk Retention Consultation Party as the case may be.]1

 

[“Risk
Retention Affiliate” or “Risk Retention Affiliated”: Means “affiliate” of or “affiliated”
with, as such terms are defined in 17 C.F.R. 246.2 of Regulation RR.]2

 

“RR
Interest”: The VRR Interest and the HRR Interest, collectively.

 

“RR
Interest Transfer Restriction Period”: With respect to: (a) the VRR Interest, the VRR Interest Transfer Restriction
Period; and (b) the HRR Interest, the HRR Interest Transfer Restriction Period.

 

“Rule
144A”: Rule 144A under the Act.

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

  

    -111- 

     

    

 

“Rule
144A Global Certificates”: As defined in Section 5.02(c)(ii) of this Agreement.

 

“Rule
15Ga-1”: Rule 15Ga-1 under the Exchange Act.

 

“Rule
15Ga-1 Notice”: As defined in Section 2.03(a) of this Agreement.

 

“Rule
15Ga-1 Notice Provider”: As defined in Section 2.03(a) of this Agreement.

 

“Rule
17g-5”: Rule 17g-5 under the Exchange Act.

 

“Rule
17g-5 Information Provider” or “17g-5 Information Provider”: The Certificate Administrator acting
in such capacity under this Agreement.

 

“Rule
17g-5 Information Provider’s Website” or “17g-5 Information Provider’s Website”: The
website established and maintained by the Rule 17g-5 Information Provider pursuant to Section 11.06 and Section 11.13 of this
Agreement, initially located at [website], under the “NRSRO” tab for
the related transaction.

 

“Sarbanes-Oxley
Act”: The Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission promulgated thereunder (including
any interpretations thereof by the Commission’s staff).

 

“Sarbanes-Oxley
Certification”: As defined in Section 10.05 of this Agreement.

 

“Scheduled
Principal Distribution Amount”: For each Distribution Date will equal the aggregate of the principal portions of (a)
all Monthly Payments (excluding balloon payments) with respect to the Mortgage Loans due during or, if and to the extent not previously
received or advanced and distributed to Certificateholders on a preceding Distribution Date, prior to the related Collection Period
and all Assumed Scheduled Payments with respect to the Mortgage Loans for the related Collection Period, in each case to the extent
paid by the related borrower [during the applicable one-month period ending on the related Determination Date] [(or, in the case
of an Outside Serviced Mortgage Loan, received by the Master Servicer as of the Business Day preceding the Master Servicer Remittance
Date)] or advanced by the Master Servicer or the Trustee, as applicable, and (b) all balloon payments with respect to the Mortgage
Loans to the extent received [during the applicable one-month period ending on the related Determination Date] [(or, in the case
of an Outside Serviced Mortgage Loan, received by the master servicer as of the Business Day preceding the Master Servicer Remittance
Date), and to the extent not included in clause (a) above. The Scheduled Principal Distribution Amount from time to time will
include all late payments of principal made by a borrower with respect to the Mortgage Loans, including late payments in respect
of a delinquent balloon payment, received by the times described above in this definition, except to the extent those late payments
are otherwise available to reimburse the Master Servicer or the Trustee, as the case may be, for prior P&I Advances, as described
above.

 

“Secure
Data Room”: [Description of website accessible by Asset Representations Reviewer for purposes of accessing Diligence
Files.]

 

    -112- 

     

    

 

“Senior
Certificates”: The [SENIOR CLASSES] and [INTEREST-ONLY CLASSES] Certificates (other than the Class [__] Certificates),
collectively.

 

“Sequential
Pay Certificates”: The Class [A-1], Class [A-2], Class [A-3], Class [A-4], Class [A-AB], Class [A-S], Class [B], Class
[C], Class [D], Class [E], Class [F], Class [G] and Class [H] Certificates, collectively.

 

“Service(s)”
or “Servicing”: In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage
Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the
definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set
forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning
commonly understood by participants in the commercial mortgage-backed securities market.

 

“Serviced
AB Loan Combination”: A Serviced Loan Combination that includes a Subordinate Companion Loan. [For avoidance of doubt,
there is no Serviced AB Loan Combination relating to the Trust and all references in this Agreement to “Serviced AB Loan
Combination” shall be disregarded.] [The only Serviced AB Loan Combination related to the Trust as of the Closing Date is
the [_________] Loan Combination.]

 

“Serviced
Companion Loan”: A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift
Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion
Loan on and after the related Servicing Shift Date. [There is no Serviced Companion Loan related to the Trust as of the Closing
Date and references in this Agreement to “Serviced Companion Loan” shall be disregarded.]

 

“Serviced
Companion Loan Holder”: The holder of a Serviced Companion Loan. [There is no Serviced Companion Loan Holder related
to the Trust and references in this Agreement to “Serviced Companion Loan Holder” shall be disregarded.]

 

“Serviced
Companion Loan Securities”: Any commercial mortgage-backed securities that evidence an interest in or are secured by
the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest
therein).

 

“Serviced
Loan”: A Serviced Mortgage Loan, Serviced Companion Loan or Serviced Trust Subordinate Companion Loan.

 

“Serviced
Loan Combination”: A Loan Combination that is being serviced pursuant to this Agreement. A Loan Combination that is
being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are
the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing
Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced
Loan Combination on and after the related Servicing Shift Date. [There is no Serviced Loan Combination related to the Trust and
references in this Agreement to “Serviced Loan Combination” shall be disregarded.]

 

    -113- 

     

    

 

“Serviced
Loan Combination Controlling Holder”: The “Controlling Noteholder” or similar term identified in the intercreditor
agreement related to a Serviced Loan Combination.

 

“Serviced
Loan Combination Remittance Date”: With respect to any Serviced Companion Loan: (i) the date specified as the applicable
“remittance date” (or analogous concept) in the related Co-Lender Agreement; or (ii) if no such applicable “remittance
date” (or analogous concept) is so specified in the related Co-Lender Agreement, then, if such Serviced Companion Loan is
not included in an Other Securitization Trust, the Master Servicer Remittance Date and, if such Serviced Companion Loan is included
in an Other Securitization Trust, the Business Day immediately following the “determination date” (or analogous concept)
set forth in the related Other Pooling and Servicing Agreement.

 

“Serviced
Mortgage Loan”: A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

 

“Serviced
Outside Controlled Mortgage Loan”: With respect to a Serviced Outside Controlled Loan Combination, the related Serviced
Mortgage Loan included in the Trust, which is evidenced by a non-controlling promissory note made by the related Mortgagor. Each
Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date.
Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related
Servicing Shift Date. Each Serviced AB Loan Combination will be a Serviced Outside Controlled Loan Combination for so long as
a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the holder of a
related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender Agreement.
[As of the Closing Date, the only Serviced Outside Controlled Loan Combinations are any Servicing Shift Loan Combinations and
Serviced AB Loan Combinations.] [There is no Serviced Outside Controlled Mortgage Loan related to the Trust and references in
this Agreement to “Serviced Outside Controlled Mortgage Loan” shall be disregarded.]

 

“Serviced
Outside Controlled Companion Loan”: With respect to a Serviced Outside Controlled Loan Combination, the related Serviced
Companion Loan evidenced by a controlling promissory note made by the related Mortgagor which is not included in the Trust. [There
is no Serviced Outside Controlled Companion Loan related to the Trust and references in this Agreement to “Serviced Outside
Controlled Companion Loan” shall be disregarded.]

 

“Serviced
Outside Controlled Loan Combination”: A Serviced Loan Combination with respect to which the related “controlling
note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included
in the Trust. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after
the related Servicing Shift Date. Each Serviced AB Loan Combination will be a Serviced Outside Controlled Loan Combination for
so long as a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the
holder of a related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related
Co-Lender Agreement. [As of the Closing Date, the only Serviced Outside Controlled Loan Combinations are any Servicing Shift Loan
Combinations and Serviced AB Loan Combinations.] [There is no Serviced Outside Controlled Loan Combination related to

 

    -114- 

     

    

 

the Trust
and references in this Agreement to “Serviced Outside Controlled Loan Combination” shall be disregarded.]

 

“Serviced
Pari Passu Companion Loan”: A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to
each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will
cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date. [There is no Serviced Pari Passu
Companion Loan related to the Trust and references in this Agreement to “Serviced Pari Passu Companion Loan” shall
be disregarded.]

 

“Serviced
Pari Passu Companion Loan Holder”: A holder of a Serviced Pari Passu Companion Loan.

 

“Serviced
Pari Passu Loan Combination”: A Pari Passu Loan Combination that is a Serviced Loan Combination. Each Servicing Shift
Loan Combination will cease to be a Serviced Pari Passu Loan Combination on and after the related Servicing Shift Date. [There
is no Serviced Pari Passu Loan Combination related to the Trust and references in this Agreement to “Serviced Pari Passu
Loan Combination” shall be disregarded.]

 

“Serviced
Subordinate Companion Loan”: A Subordinate Companion Loan that is part of a Serviced AB Loan Combination. [For avoidance
of doubt, there are no Serviced Subordinate Companion Loans related to the Trust and references in this Agreement to “Serviced
Subordinate Companion Loan” shall be disregarded.]

 

“Serviced
Subordinate Companion Loan Holder”: A holder of a Serviced Subordinate Companion Loan. [There are no Serviced Subordinate
Companion Loans related to the Trust and, therefore, references in this Agreement to “Serviced Subordinate Companion Loan
Holder” shall be disregarded.]

 

“Servicer”:
As defined in Section 10.02(b) of this Agreement.

 

“Servicer
Indemnified Party”: As defined in Section 8.05(c) of this Agreement.

 

“Servicer
Termination Event”: As defined in Section 7.01 of this Agreement.

 

“Servicing
Criteria”: The criteria set forth in paragraph (d) of Item 1122 of Regulation AB, as such may be amended from time to
time.

 

“Servicing
Fee”: With respect to each Mortgage Loan, Serviced Companion Loan and Trust Subordinate Companion Loan (including each
Specially Serviced Loan and the Outside Serviced Mortgage Loans) or any successor REO Mortgage Loan or successor REO Companion
Loan and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the related Servicing Fee
Rate on the Stated Principal Balance of such Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan, as the
case may be, as of the close of business on the Distribution Date in such Interest Accrual Period; provided that such amounts
shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due
or deemed due on the related

 

    -115- 

     

    

 

Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan is computed and shall
be prorated for partial periods.

 

For
the avoidance of doubt, notwithstanding Section 3.05 or Section 3.12 of this Agreement, (1) the Servicing Fee shall
be payable from the Lower-Tier REMIC and (2) the portion thereof payable with respect to each Outside Serviced Mortgage Loan to
the applicable Outside Servicer shall be paid under the applicable Outside Servicing Agreement, shall not be payable to the Master
Servicer and will previously have been deducted by the applicable Outside Servicer prior to remittance to the Trust and shall
not be withdrawn from the Collection Account.

 

“Servicing
Fee Rate”: With respect to each Mortgage Loan and Trust Subordinate Companion Loan (including any Outside Serviced Mortgage
Loan) (or any successor REO Mortgage Loan with respect thereto), the per annum rate equal to the sum of the rates set forth
under the columns labeled “Master Servicing Fee Rate (%)”, “Primary Servicing Fee Rate (%)”, “Subservicing
Fee Rate (%)” and “Outside Servicing Fee Rate (%)” on the Mortgage Loan Schedule.

 

“Servicing
File”: Any documents (other than documents required to be part of the related Mortgage File but including copies of
such documents required to be part of the related Mortgage File) related to the origination or the servicing of the Mortgage Loans
and Trust Subordinate Companion Loan that are in the possession of or under the control of the applicable Mortgage Loan Seller,
including but not limited to appraisals, environmental reports, engineering reports, legal opinions, and the applicable Mortgage
Loan Seller’s asset summary, delivered to the Master Servicer or the Special Servicer; provided that no information
that is proprietary to the related Mortgage Loan Seller or any draft documents, privileged or other related Mortgage Loan Seller
communications, credit underwriting, due diligence analyses or data, or internal worksheets, memoranda, communications or evaluations
shall be required to be delivered as part of the Servicing File. Notwithstanding anything to the contrary contained herein, with
respect to each Outside Serviced Mortgage Loan, the Servicing File shall consist solely of any related documents or records generated
by the Master Servicer or Special Servicer hereunder or received by either of them from the applicable Outside Servicer or Outside
Special Servicer.

 

“Servicing
Function Participant” Any Additional Servicer, Sub-Servicer, Subcontractor or any other Person, other than the Certificate
Administrator, the Operating Advisor, the Master Servicer, the Special Servicer and the Trustee, that is performing activities
that address the Servicing Criteria, unless such Person’s activities relate only to 5% or less of the Mortgage Loans by
unpaid principal balance calculated in accordance with the provisions of Regulation AB.

 

“Servicing
Officer”: Any officer or employee of the Master Servicer or the Special Servicer, as applicable, involved in, or responsible
for, the administration and servicing of the Mortgage Loans, the Serviced Companion Loans and the Trust Subordinate Companion
Loan or this Agreement and also, with respect to a particular matter, any other officer to whom such matter is referred because
of such officer’s or employee’s knowledge of and familiarity with the particular subject, and, in the case of any
certification required to be signed by a Servicing Officer, such an officer or employee whose name and specimen signature appears
on a list of servicing officers furnished to the Trustee, the Operating Advisor and the Certificate

 

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Administrator by the Master
Servicer or the Special Servicer, as applicable, as such list may from time to time be amended.

 

“Servicing
Shift Date”: With respect to any Servicing Shift Loan Combination, the date on which the related Pari Passu Companion
Loan evidenced by the Servicing Shift Lead Note is included in an Outside Securitization Trust, and which is also the date on
which the pooling and servicing agreement or other comparable agreement governing the creation of such Outside Securitization
Trust becomes the Outside Servicing Agreement for such Servicing Shift Loan Combination.

 

“Servicing
Shift Lead Note”: With respect to any Servicing Shift Loan Combination, the related Note, the securitization of which
shall cause the servicing of such Servicing Shift Loan Combination to shift to the applicable pooling and servicing agreement
or other comparable agreement governing that securitization. With respect to any Servicing Shift Loan Combination, the related
Servicing Shift Lead Note as of the Closing Date is identified in the footnotes to the Loan Combination Table.

 

“Servicing
Shift Loan Combination”: Any Loan Combination that is initially serviced under this Agreement provided, that upon the
inclusion of a designated related Companion Loan in a future securitization, the servicing of such Loan Combination will shift
to the pooling and servicing agreement or other comparable agreement governing the securitization of such related Companion Loan
(whether by itself or with other mortgage assets). A Servicing Shift Loan Combination will be (i) a Serviced Loan Combination
prior to the related Servicing Shift Date servicing and (ii) an Outside Serviced Loan Combination on and after the related Servicing
Shift Date. The only Servicing Shift Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as
to which “Servicing Shift” is set forth in the Loan Combination Table under the column heading “Servicing Type.”

 

“Servicing
Shift Mortgage Loan”: Any Mortgage Loan that is part of a Servicing Shift Loan Combination.

 

“Servicing
Shift Mortgage Loan Pooling and Servicing Agreement”: With respect to a Servicing Shift Mortgage Loan or a Servicing
Shift Loan Combination, on and after the related Servicing Shift Date, the related pooling and servicing agreement or other comparable
agreement governing the creation of the Outside Securitization Trust that holds the related Pari Passu Companion Loan evidenced
by the related Servicing Shift Lead Note.

 

“Servicing
Standard”: With respect to the Master Servicer or the Special Servicer, to service and administer the Serviced Loans
and any REO Properties that such party is obligated to service and administer pursuant to this Agreement on behalf of the Trust
Fund and the Trustee (as the trustee for the Certificateholders or, with respect to each Serviced Loan Combination, on behalf
of the Certificateholders and the related Serviced Companion Loan Holder(s), as a collective whole as if such Certificateholders
or, with respect to each Serviced Loan Combination, such Certificateholders and the related Serviced Companion Loan Holder(s),
constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate nature of
any related Subordinate Companion Loan)) as determined in the good faith and reasonable judgment of the Master Servicer or the
Special Servicer, as the

 

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case may be: (i) in accordance with the higher of the following standards of care: (A) with the same
care, skill, prudence and diligence with which the Master Servicer or the Special Servicer, as the case may be, services and administers
comparable mortgage loans with similar borrowers and comparable REO properties for other third-party portfolios (giving due consideration
to the customary and usual standards of practice of prudent institutional commercial mortgage lenders servicing their own mortgage
loans and REO properties), and (B) with the same care, skill, prudence and diligence with which the Master Servicer or the Special
Servicer, as the case may be, services and administers comparable mortgage loans and REO properties owned by the Master Servicer
or the Special Servicer, as the case may be, and in either case, exercising reasonable business judgment and acting in accordance
with applicable law, the terms of this Agreement and the terms of the respective subject Serviced Loans; (ii) with a view to:
the timely recovery of all payments of principal and interest, including Balloon Payments, under the Serviced Loans or, in the
case of (1) a Specially Serviced Loan or (2) a Mortgage Loan or Serviced Loan Combination as to which the related Mortgaged Property
is an REO Property, the maximization of recovery on that Mortgage Loan or Serviced Loan Combination to the Certificateholders
(as a collective whole as if such Certificateholders constituted a single lender) (or, if any Serviced Companion Loan is involved,
with a view to the maximization of recovery on the related Serviced Loan Combination to the Certificateholders and the related
Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders and Serviced Companion Loan Holder(s) constituted
a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate nature of any related
Subordinate Companion Loan))) of principal and interest, including Balloon Payments, on a present value basis (the relevant discounting
of anticipated collections that will be distributable to the Certificateholders (or, in the case of any Serviced Loan Combination,
to the Certificateholders and the related Companion Loan Holder) to be performed at the Calculation Rate); and (iii) without regard
to (A) any relationship, including as lender on any other debt, that the Master Servicer or the Special Servicer, as the case
may be, or any Affiliate thereof, may have with any of the related Mortgagors, or any Affiliate thereof, or any other party to
this Agreement; (B) the ownership of any Certificate (or any Companion Loan or other indebtedness secured by the related Mortgaged
Property or any certificate backed by a Companion Loan) by the Master Servicer or the Special Servicer, as the case may be, or
any Affiliate thereof; (C) the obligation of the Master Servicer to make Advances; (D) the right of the Master Servicer or the
Special Servicer, as the case may be, or any Affiliate thereof, to receive compensation or reimbursement of costs hereunder generally
or with respect to any particular transaction; and (E) the ownership, servicing or management for others of any other mortgage
loan or real property not subject to this Agreement by the Master Servicer or the Special Servicer, as the case may be, or any
Affiliate thereof; provided that the foregoing standards shall apply with respect to an Outside Serviced Mortgage Loan
and any related REO Property only to the extent that the Master Servicer or the Special Servicer has any express duties or rights
to grant consent with respect thereto pursuant to this Agreement.

 

“Servicing
Transfer Event”: With respect to any Serviced Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion
Loan, the occurrence of any of the events described in clauses (a) through (g) of the definition of “Specially Serviced
Loan.”

 

“Significant
Obligor”: Any “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) (i) with respect
to the Trust, or (ii) with respect to a Serviced Companion Loan and an Other Securitization Trust, as to which the applicable
Other Depositor

 

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has notified the Master Servicer in writing is a “significant obligor” (within the meaning of Item
1101(k) of Regulation AB) as to such Other Securitization Trust. [The only Significant Obligor with respect to the Trust is the
[_____________] Mortgaged Property. There are no Serviced Companion Loans related to the Trust, and therefore there are no Significant
Obligors with respect to an Other Securitization Trust.]

 

“Significant
Obligor NOI Quarterly Filing Deadline”: With respect to each calendar quarter (other than the fourth calendar quarter
of any calendar year) and each Significant Obligor, the date that is [fifteen (15)] days after the Relevant Distribution Date
occurring on or immediately following the date by which the related Mortgagor is required to deliver quarterly financial statements
to the lender under the related Loan Agreement in connection with such calendar quarter (which date is set forth in Section
10.11(a) for any Significant Obligor with respect to the Trust).

 

“Significant
Obligor NOI Yearly Filing Deadline”: With respect to each calendar year and each Significant Obligor, the date that
is the [90th] day after the end of such calendar year.

 

“Similar
Law”: As defined in Section 5.03(m) of this Agreement.

 

“Special
Notice”: Any (a) notice transmitted to Certificateholders pursuant to Section 5.07(c) of this Agreement, (b)
notice of any request by at least 25% of the Voting Rights of the Certificates to terminate and replace the Special Servicer pursuant
to Section 6.08(a) of this Agreement and (c) notice of any request by at least 15% of the Voting Rights of the Non-Reduced
Certificates to terminate and replace the Operating Advisor pursuant to Section 7.06(b) of this Agreement.

 

“Special
Servicer”: [special servicer], a [__________________], or its successor
in interest, or any successor Special Servicer appointed as provided herein.

 

“Special
Servicer Servicing Personnel”: The divisions and individuals of the Special Servicer who are involved in the performance
of the duties of the Special Servicer under this Agreement.

 

“Special
Servicing Compensation”: With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other
than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the
Liquidation Fee which shall be due to the Special Servicer.

 

“Special
Servicing Fee”: With respect to each Specially Serviced Loan and REO Property (other than an REO Property related to
an Outside Serviced Mortgage Loan) and any Distribution Date, an amount accrued during the related Interest Accrual Period at
the applicable Special Servicing Fee Rate on the Stated Principal Balance of the related Specially Serviced Loan as of the close
of business on the Distribution Date in such Interest Accrual Period; provided that such amounts shall be computed for
the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the
related Specially Serviced Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Special
Servicing Fee shall be deemed payable from the Lower-Tier REMIC.

 

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“Special
Servicing Fee Rate”: With respect to any Specially Serviced Loan or REO Property (other than an REO Property related
to an Outside Serviced Mortgage Loan), a rate equal to (a) [___]% per annum or (b) if the rate in clause (a) would result
in a Special Servicing Fee that would be less than $[_____] in any given month (as prorated for a partial period), then the Special
Servicing Fee Rate for such month for such Specially Serviced Loan or REO Property shall be such higher per annum rate as would
result in a Special Servicing Fee equal to $[_____] for such month (as prorated for a partial period) with respect to such Specially
Serviced Loan or REO Property.

 

“Specially
Serviced Loan”: Any Serviced Loan, related Companion Loan or Trust Subordinate Companion Loan (including a related REO
Mortgage Loan or REO Companion Loan) as to which any of the following events has occurred:

 

(a)            the
related Mortgagor has failed to make when due any Monthly Payment or a Balloon Payment, which failure continues unremedied (without
regard to any grace period):

 

(i)        except
in the case of a Balloon Loan delinquent in respect of its Balloon Payment, for 60 days beyond the date on which the subject payment
was due, or

 

(ii)       in
the case of a delinquent Balloon Payment, (A) 60 days beyond the date on which such Balloon Payment was due (except as described
in clause B below) or (B) in the case of a Serviced Loan delinquent with respect to the Balloon Payment as to which the related
Mortgagor delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special
Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a written and fully executed or otherwise binding
commitment (subject only to customary closing conditions) for refinancing from an acceptable lender reasonably satisfactory in
form and substance to the Master Servicer prior to the date 60 days after the Balloon Payment was due, for 120 days beyond the
date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during
which the refinancing is scheduled to occur); or

 

(b)           there
shall have occurred a default (other than as set forth in clause (a) above and other than an Acceptable Insurance Default) that
(i) in the judgment of the Master Servicer or the Special Servicer (and, in the case of the Special Servicer, with the consent
of the related Directing Holder unless (if the Controlling Class Representative is the related Directing Holder) a Control Termination
Event has occurred and is continuing) materially impairs the value of the related Mortgaged Property as security for the Serviced
Loan or otherwise materially adversely affects the interests of Certificateholders in the Serviced Mortgage Loan (or, in the case
of a Serviced Loan Combination, the interests of the Certificateholders and the related Serviced Companion Loan Holder(s) in such
Serviced Loan Combination), and (ii) continues unremedied for the applicable grace period under the terms of the Serviced Loan
(or, if no grace period is specified and the default is capable of being cured, for 30 days); provided that any default

 

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that results in acceleration of the Serviced Loan without the application of any grace period under the related Loan Documents
shall be deemed not to have a grace period; and provided, further, that any default requiring a Property Advance
will be deemed to materially and adversely affect the interests of the Certificateholders in the subject Serviced Mortgage Loan
(or, in the case of a Serviced Loan Combination, the interests of the Certificateholders or the related Serviced Companion Loan
Holder(s) in such Serviced Loan Combination); or

 

(c)       the
Master Servicer or the Special Servicer has determined (and, in the case of the Special Servicer, with the consent of the related
Directing Holder, unless (if the Controlling Class Representative is the related Directing Holder) a Control Termination Event
has occurred and is continuing) that (i) a default (other than an Acceptable Insurance Default) under the Serviced Loan is reasonably
foreseeable, (ii) such default will materially impair the value of the related Mortgaged Property as security for such Serviced
Loan or otherwise materially adversely affects the interests of Certificateholders in the Serviced Mortgage Loan (or, in the case
of a Serviced Loan Combination, the interests of the Certificateholders or the related Serviced Companion Loan Holder(s) in such
Serviced Loan Combination), and (iii) the default is likely to continue unremedied for the applicable grace period under the terms
of such Serviced Loan or, if no grace period is specified and the default is capable of being cured, for 30 days; provided
that any default that results in acceleration of the Serviced Loan without the application of any grace period under the related
Loan Documents shall be deemed not to have a grace period; or

 

(d)       a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in any involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding
up or liquidation of its affairs, shall have been entered against the related Mortgagor and such decree or order shall have remained
in force and not dismissed for a period of 60 days (or a shorter period if the Master Servicer or the Special Servicer (and, in
the case of the Special Servicer, with the consent of the related Directing Holder, unless a Control Termination Event has occurred
and is continuing) determines in accordance with the Servicing Standard that the circumstances warrant that the related Serviced
Loan (or REO Mortgage Loan or REO Companion Loan) be transferred to special servicing); or

 

(e)       the
related Mortgagor consents to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment or debt,
marshaling of assets and liability or similar proceedings of or relating to such Mortgagor or of or relating to all or substantially
all of its property; or

 

(f)       the
related Mortgagor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations; or

 

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(g)       the
Master Servicer shall have received notice of the commencement of foreclosure or similar proceedings with respect to the related
Mortgaged Property;

 

provided,
however, that a Serviced Loan will cease to be a Specially Serviced Loan, when a Liquidation Event has occurred with respect
to such Serviced Loan or any related REO Property or, so long as at such time no circumstance identified in clauses (a) through
(g) above exists that would cause the Serviced Loan to continue to be characterized as a Specially Serviced Loan, when:

 

(w)       with
respect to the circumstances described in clause (a) of this definition, the related Mortgagor has made three consecutive full
and timely Monthly Payments under the terms of such Serviced Loan (as such terms may be changed or modified in connection with
a bankruptcy or similar proceeding involving the related Mortgagor or by reason of a modification, extension, waiver or amendment
granted or agreed to by the Master Servicer or the Special Servicer pursuant to Section 3.24 of this Agreement);

 

(x)       with
respect to the circumstances described in clauses (c), (d), (e) and (f) of this definition, such circumstances cease to exist
in the good faith, reasonable judgment of the Special Servicer, but, with respect to any bankruptcy or insolvency proceedings
described in clauses (d), (e) and (f), no later than the entry of an order or decree dismissing such proceeding;

 

(y)       with
respect to the circumstances described in clause (b) of this definition, such default is cured as determined by the Special Servicer
in its reasonable, good faith judgment; and

 

(z)       with
respect to the circumstances described in clause (g) of this definition, such proceedings are terminated.

 

The
Special Servicer may conclusively rely on the Master Servicer’s determination and the Master Servicer may conclusively rely
on the Special Servicer’s determination as to whether a Servicing Transfer Event has occurred giving rise to a Serviced
Loan’s becoming a Specially Serviced Loan. If any Serviced Mortgage Loan that is part of a Serviced Loan Combination or
any Trust AB Mortgage Loan that is part of a Trust AB Loan Combination becomes a Specially Serviced Loan, then the related Serviced
Companion Loan or Trust Subordinate Companion Loan, as applicable, shall also become a Specially Serviced Loan. If the Serviced
Companion Loan that is included in a Serviced Loan Combination or Trust Subordinate Companion Loan that is included in a Trust
AB Loan Combination becomes a Specially Serviced Loan, then the related Serviced Mortgage Loan that is part of such Serviced Loan
Combination or the related Trust AB Mortgage Loan that is part of such Trust AB Loan Combination, as applicable, shall also become
a Specially Serviced Loan.

 

“Specially
Serviced Mortgage Loan”: A Mortgage Loan that is, or is part of, a Specially Serviced Loan.

 

“Specified
Serviced Mortgage Loans”: The Mortgage Loans identified on Exhibit GG to this Agreement.

 

    -122- 

     

    

 

“Split
Mortgage Loan”: Any Mortgage Loan that is part of a Loan Combination. [The only Split Mortgage Loans that are assets
of the Trust as of the Closing Date are the [________________] Mortgage Loan.]

 

“Sponsor”:
Each of CREFI, [other sponsors], and their respective successors in interest.

 

“[Sponsor
Guarantor]”: [Sponsor Guarantor], a [______________], and its
successors in interest.

 

“[Sponsor
Guarantor] Guaranty”: The letter agreement dated as of [date],
by [sponsor guarantor], for the benefit of the Depositor and its successors and
permitted assigns, relating to certain obligations of [sponsor] under the [sponsor]
Mortgage Loan Purchase Agreement.

 

“Startup
Day”: The day designated as such pursuant to Section 2.12(d) of this Agreement.

 

“Stated
Principal Balance”: With respect to any Mortgage Loan [and Trust Subordinate Companion Loan] will initially equal its
Cut-off Date Balance (or in the case of a Qualified Substitute Mortgage Loan, the unpaid principal balance of such Mortgage Loan
after application of all scheduled payments of principal and interest due during or prior to the month of substitution, whether
or not received) and, on each Distribution Date, will be reduced by an amount generally equal to all payments and other collections
of principal on such Mortgage Loan [or Trust Subordinate Companion Loan] that are distributable on or advanced for such Distribution
Date. With respect to any Companion Loan on any date of determination, the Stated Principal Balance will equal the unpaid principal
balance of such Companion Loan as of such date. With respect to any Loan Combination on any date of determination, the Stated
Principal Balance of such Loan Combination will be the sum of the Stated Principal Balance of the related Mortgage Loan and each
related Companion Loan on such date. The Stated Principal Balance of a Mortgage Loan, Loan Combination or Trust Subordinate Companion
Loan may also be reduced in connection with any modification that reduces the principal amount due on such Mortgage Loan, Trust
Subordinate Companion Loan or Loan Combination, as the case may be, or any forced reduction of its actual unpaid principal balance
imposed by a court presiding over a bankruptcy proceeding in which the related borrower is the debtor. If any Mortgage Loan, Loan
Combination or Trust Subordinate Companion Loan is paid in full or the Mortgage Loan, Loan Combination or Trust Subordinate Companion
Loan (or any Mortgaged Property acquired in respect of the Mortgage Loan, Loan Combination or Trust Subordinate Companion Loan)
is otherwise liquidated, then, as of the Distribution Date that relates to the first Determination Date on or after which that
payment in full or liquidation occurred and notwithstanding that a loss may have occurred in connection with any liquidation,
the Stated Principal Balance of the Mortgage Loan, Loan Combination or Trust Subordinate Companion Loan will be zero.

 

“Subcontractor”:
Any vendor, subcontractor or other Person that is not responsible for the overall or general servicing (as “servicing”
is commonly understood by participants in the mortgage-backed securities market) of Mortgage Loans but performs one or more discrete
functions of the Servicing Criteria with respect to Mortgage Loans under the

 

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direction or authority of the Master Servicer, the
Special Servicer, the Certificate Administrator, the Trustee, an Additional Servicer, or a Sub-Servicer.

 

“Subject
Holder”: As defined in the definition of “Controlling Class Representative” in this Agreement.

 

“Subordinate
Certificates”: The [subordinate classes] Certificates, collectively.

 

“Subordinate
Companion Loan”: A Companion Loan that is subordinate in right of payment to the related Split Mortgage Loan. A Companion
Loan that, to the extent provided in the related Loan Documents and/or the related Co-Lender Agreement, is generally subordinate
in right of payment to the related Split Mortgage Loan. [The only Subordinate Companion Loans related to the Trust as of the Closing
Date are evidenced by the Notes identified in the Loan Combination Table under the column heading “Subordinate Companion
Loan(s),” each of which Notes evidences a separate Subordinate Companion Loan.] [There are no Subordinate Companion Loans
related to the Trust and all references in this Agreement to “Subordinate Companion Loans” shall be disregarded.]

 

“Subordinate
Companion Loan Holder”: The holder of a Subordinate Companion Loan. [There are no Subordinate Companion Loan Holders
related to the Trust and all references in this Agreement to “Subordinate Companion Loan Holder” shall be disregarded.]

 

“Subordinate
Loan-Specific Directing Certificateholder”: With respect to the Class [LOAN-SPECIFIC] Certificates and the Trust Subordinate
Companion Loan, the initial Subordinate Loan-Specific Directing Certificateholder shall be the [LOAN-SPECIFIC] Majority Certificateholder.
Thereafter, the Subordinate Loan-Specific Directing Certificateholder shall be the Person appointed by the Certificateholder(s)
holding more than fifty percent (50%) of the Certificate Balance of the Class [LOAN-SPECIFIC] Certificates.

 

“Substitution
Shortfall Amount”: With respect to a substitution pursuant to Section 2.03(a) of this Agreement, an amount equal
to the excess, if any, of the Purchase Price of the Mortgage Loan or Trust Subordinate Companion Loan, as applicable, being replaced
calculated as of the date of substitution over the Stated Principal Balance of the related Qualified Substitute Mortgage Loan
after application of all scheduled payments of principal and interest due during or prior to the month of substitution. In the
event that one or more Qualified Substitute Mortgage Loans are substituted (at the same time by the same Mortgage Loan Seller)
for one or more deleted Mortgage Loans or Trust Subordinate Companion Loan, as applicable, the Substitution Shortfall Amount shall
be determined as provided in the preceding sentence on the basis of the aggregate Purchase Prices of the Mortgage Loan or Mortgage
Loans or Trust Subordinate Companion Loan, as applicable being replaced and the aggregate Stated Principal Balances of the related
Qualified Substitute Mortgage Loans.

 

“Sub-Servicer”:
Any Person that Services Mortgage Loans or the Trust Subordinate Companion Loan on behalf of the Master Servicer, the Special
Servicer or an Additional Servicer and is responsible for the performance (whether directly or through Sub-Servicers or Subcontractors)
of all or a material portion of the Servicing functions required

 

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to be performed by the Master Servicer, the Special Servicer
or an Additional Servicer under this Agreement, with respect to some or all of the Mortgage Loans. As of the Closing Date, the
Sub-Servicer(s) set forth on Exhibit S to this Agreement will be the Sub-Servicer for the related Mortgage Loan(s) or the
Trust Subordinate Companion Loan set forth on Exhibit S to this Agreement.

 

“Sub-Servicing
Agreement”: The written contract between the Master Servicer, an Additional Servicer or the Special Servicer (if it
is permitted to appoint sub-servicers pursuant to Section 3.01(c) of this Agreement), as the case may be, and any Sub-Servicer
relating to servicing and administration of Mortgage Loans or the Trust Subordinate Companion Loan as provided in Section 3.01(c)
of this Agreement.

 

“Successful
Bidder”: As defined in Section 7.01(b) of this Agreement.

 

“Tax
Returns”: The federal income tax return on IRS Form 1066, U.S. Real Estate Mortgage Investment Conduit (REMIC) Income
Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation,
or any successor forms, to be filed on behalf of each Trust REMIC under the REMIC Provisions, and the federal income tax return
to be filed by the Certificate Administrator on behalf of the Grantor Trust due to its classification as a grantor trust under
subpart E, part I of subchapter J of the Code, together with any and all other information, reports or returns that may be required
to be furnished to the Certificateholders or filed with the IRS or any other governmental taxing authority under any applicable
provisions of federal, state or local tax laws.

 

“Temporary
Regulation S Global Certificate”: As defined in Section 5.02(c)(i) of this Agreement.

 

“Terminated
Party”: As defined in Section 7.01(c) of this Agreement.

 

“Termination
Date”: The Distribution Date on which the Trust Fund is terminated pursuant to Section 9.01.

 

“Third
Party Purchaser”: [ENTITY OR ENTITIES THAT PURCHASE THE REQUIRED THIRD PARTY PURCHASER RETENTION AMOUNT ON THE CLOSING
DATE], or [any Person that purchases the Certificates comprising the Required Third Party Purchaser Retention Amount in accordance
with this Agreement and applicable laws and regulations. [INCLUDE FOR TRANSACTIONS THAT SATISFY RISK RETENTION REQUIREMENTS THROUGH
THIRD PARTY PURCHASER OF HORIZONTAL RESIDUAL INTEREST]

 

“Third
Party Reports”: With respect to any Mortgaged Property, the related Appraisal, Phase I environmental report, Phase II
environmental report, seismic report or property condition report, if any.

 

“TIA”:
As defined in Section 12.14 of this Agreement.

 

“TIA
Applicability Determination”: As defined in Section 12.14 of this Agreement.

 

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“Tranche
Percentage Interest”: The percentage ownership interest in a Class [EC] Regular Interest evidenced by an Exchangeable
Certificate, which is equal to the ratio, expressed as a percentage, of (a) the Certificate Balance of that Certificate (or, in
the case of a Class [EC] Certificate, an amount equal to the related Percentage Interest evidenced by that Certificate, multiplied
by the Certificate Balance of the Class [EC] Component with the same letter designation as such Class [EC] Regular Interest) to
(b) the Certificate Balance of such Class [EC] Regular Interest.

 

“Transfer”:
Any direct or indirect transfer or other form of assignment of any Ownership Interest in a Class [R] Certificate.

 

“Transferee
Affidavit”: As defined in Section 5.03(o)(ii) of this Agreement.

 

“Transferor
Letter”: As defined in Section 5.03(o)(ii) of this Agreement.

 

“Treasury
Regulations”: Applicable final or temporary regulation of the U.S. Department of the Treasury.

 

“Trust”:
The trust created by this Agreement.

 

“Trust
AB Loan Combination”: The [LOAN-SPECIFIC] AB Loan Combination.

 

“Trust
AB Mortgage Loan”: The [loan-specific] Mortgage Loan.

 

“Trust
Component”: Any of the Class [A] Trust Component, Class [B] Trust Component or Class [C] Trust Component.

 

“Trust
Fund”: The corpus of the trust created hereby and to be administered hereunder, consisting of: (i) such Mortgage Loans
and the Trust Subordinate Companion Loan as from time to time are subject to this Agreement, together with the Mortgage Files
relating thereto; (ii) all scheduled or unscheduled payments on or collections in respect of the Mortgage Loans and the Trust
Subordinate Companion Loan due after the Cut-Off Date or, with respect to a Qualified Substitute Mortgage Loan, the Due Date in
the month of substitution (exclusive of interest relating to periods prior to, but due after, the Cut-Off Date); (iii) any REO
Property (but, with respect to any REO Property relating to a Loan Combination, only to the extent of the Trust’s interest
in the related Loan Combination); (iv) all revenues received in respect of any REO Property (but, with respect to any REO Property
relating to a Loan Combination, only to the extent of the Trust’s interest in the related Loan Combination); (v) the Master
Servicer’s and the Trustee’s rights under the insurance policies with respect to the Mortgage Loans and the Trust
Subordinate Companion Loan required to be maintained pursuant to this Agreement and any proceeds thereof; (vi) the Trustee’s
rights in any Assignments of Leases, Rents and Profits and any security agreements; (vii) the Trustee’s rights under any
indemnities or guaranties given as additional security for any Mortgage Loan and the Trust Subordinate Companion Loan; (viii)
all of the Trustee’s and the Certificate Administrator’s rights in the Escrow Accounts and Lock-Box Accounts and all
proceeds of the Mortgage Loans deposited in the Collection Account, each Distribution Account, the Exchangeable Distribution Account,
the [LOAN-SPECIFIC] REMIC Distribution Account, the Excess Interest Distribution Account, the Interest Reserve Account, the Excess
Liquidation Proceeds Reserve Account and any REO Account,

 

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including any reinvestment income thereon; (ix) the Trustee’s
rights in any environmental indemnity agreements relating to the Mortgaged Properties; (x) the Depositor’s rights under
the Mortgage Loan Purchase Agreements, the [sponsor guarantor] Guaranty to the
extent assigned to the Trustee pursuant to Section 2.01 of this Agreement; (xi) the Lower-Tier Regular Interests; and (xii)
the Loss of Value Reserve Fund.

 

“Trust
Reimbursement Amount”: As defined in Section 3.06A(a) of this Agreement.

 

“Trust
Reimbursement Amount No.1”: As defined in Section 3.06(a) of this Agreement.

 

“Trust
Reimbursement Amount No.2”: As defined in Section 3.06A(a) of this Agreement.

 

“Trust
REMIC”: Each of the Lower-Tier REMIC, the Upper-Tier REMIC and the [LOAN-SPECIFIC] Trust Subordinate Companion Loan
REMIC.

 

“Trust
Subordinate Companion Loan”: The [LOAN-SPECIFIC] Trust Subordinate Companion Loan.

 

“Trustee”:
[trustee], a [_______________], in its capacity as trustee, or its successor in
interest, or any successor trustee appointed as herein provided.

 

“Trustee
Personnel”: The divisions and individuals of the Trustee who are involved in the performance of the duties of the Trustee
under this Agreement.

 

“Trustee/Certificate
Administrator Fee”: With respect to each Mortgage Loan and Trust Subordinate Companion Loan and for any Distribution
Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on the Stated
Principal Balance of such Mortgage Loan and Trust Subordinate Companion Loan as of the close of business on the Distribution Date
in such Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest
accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall
be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the
Lower-Tier REMIC.

 

“Trustee/Certificate
Administrator Fee Rate”: With respect to each Mortgage Loan, a rate equal to [_____]% per annum.

 

“Underwriter
Exemption”: Prohibited Transaction Exemption [____] and Prohibited Transaction Exemption [_____], both as most recently
amended by Prohibited Transaction Exemption [______] and as further amended by the Department of Labor from time to time.

 

“Underwriters”:
Citigroup Global Markets Inc., [other underwriters].

 

    -127- 

     

    

 

“Unliquidated
Advance”: Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that
made the Advance hereunder, on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount
pursuant to subsections (ii) (B) and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the
Mortgagor or otherwise from collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance
was made.

 

“Unscheduled
Payments”: With respect to any Distribution Date and the Mortgage Loans and Serviced Companion Loans (including the
REO Mortgage Loans and REO Companion Loans), the aggregate of (a) all principal prepayments received on the Mortgage Loans and
Serviced Companion Loans during the applicable Prepayment Period (or, in the case of an Outside Serviced Mortgage Loan, all principal
prepayments received during the period that renders them includable in the Available Funds for such Distribution Date) and (b)
the principal portions of all Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds (in each case, net of Special
Servicing Fees, Liquidation Fees, accrued interest on Advances and other Additional Trust Fund Expenses incurred in connection
with the related Mortgage Loan) and, if applicable, Net REO Proceeds received with respect to the Mortgage Loans and Serviced
Companion Loans and any REO Properties (or, in the case of an Outside Serviced Mortgage Loan, any interest in REO Property acquired
with respect to the related Outside Serviced Loan Combination) during the applicable Prepayment Period (or, in the case of an
Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during
the period that renders them includable in the Available Funds for such Distribution Date), but in each case only to the extent
that such principal portion represents a recovery of principal for which no advance was previously made in respect of a preceding
Distribution Date.

 

“Unscheduled
Principal Distribution Amount”: For any Distribution Date will equal the aggregate of: (a) all prepayments of principal
received on the Mortgage Loans during the applicable one-month period ending on the related Determination Date [(or, in the case
of the Outside Serviced Mortgage Loans, all principal prepayments received during the period that renders them includable in the
Available Funds for such Distribution Date)]; and (b) any other collections (exclusive of payments by borrowers) received on the
Mortgage Loans and, to the extent of the Issuing Entity’s interest therein, any REO Properties during the applicable one-month
period ending on the related Determination Date [(or, in the case of an Outside Serviced Mortgage Loan or any interest in REO
Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Available
Funds for such Distribution Date)], whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds, net
income, rents, and profits from any REO Property or otherwise, that were identified and applied by the Master Servicer [and/or,
in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer,] as recoveries of previously unadvanced principal
of the related Mortgage Loan[, and, in the case of Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds, net of
any Special Servicing Fees, Liquidation Fees, any amount related to the Loss of Value Payments to the extent that such amount
was transferred into the Collection Account during the related Collection Period, accrued interest on Advances and other additional
expenses of the Issuing Entity incurred in connection with the related Mortgage Loan].

 

    -128- 

     

    

 

“Upper-Tier
Distribution Account”: The trust account or accounts created and maintained as a separate trust account (or separate
sub-account within the same account as the Lower-Tier Distribution Account) or accounts by the Certificate Administrator pursuant
to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate
Administrator) shall be entitled “[Certificate Administrator], as Certificate
Administrator, on behalf of [trustee], as Trustee, for the benefit of the registered
Holders of [_____________________], Upper-Tier Distribution Account” and which must be an Eligible Account.

 

“Upper-Tier
REMIC”: A segregated asset pool within the Trust Fund consisting of the Lower-Tier Regular Interests and amounts held
from time to time in the Upper-Tier Distribution Account.

 

“Upper-Tier
Residual Interest”: The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2),
in the Upper-Tier REMIC and evidenced by the Class [R] Certificates.

 

“U.S.
Tax Person”: A citizen or resident of the United States, a corporation, partnership (except to the extent provided in
applicable Treasury regulations) or other entity created or organized in or under the laws of the United States, any State thereof
or the District of Columbia, 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. Tax Persons have the authority to control all substantial decisions of such trust (or, to the extent provided
in applicable Treasury regulations, certain trusts in existence as of August 20, 1996 that have elected to be treated as U.S.
Tax Persons).

 

“Voting
Rights”: The portion of the voting rights of all of the Certificates that is allocated to any Certificate or Class of
Certificates. At all times during the term of this Agreement, the Voting Rights shall be allocated among the respective classes
of Certificateholders as follows: (1) [__]% in the case of the [INTEREST-ONLY CLASSES], allocated pro rata, based upon their respective
Notional Amounts as of the date of determination, and (2) in the case of any class of Principal Balance Certificates, a percentage
equal to the product of [__]% and a fraction, the numerator of which is equal to the Certificate Balance (or, if with respect
to a vote of Non-Reduced Certificates, the Certificate Balances of all Classes of the Non-Reduced Certificates of the Class, determined
as of the prior Distribution Date, with the denominator of which is equal to the aggregate Certificate Balance of all Classes
of the Principal Balance Certificates, each determined as of the prior Distribution Date; provided, in connection with any vote
for purposes of determining whether to remove the Special Servicer pursuant to Section 7.01, the Operating Advisor pursuant
to Section 7.06(b) or the Asset Representations Reviewer pursuant to Section 11.05(b), Voting Rights shall only
be exercisable by Holders of the Non-Reduced Certificates. For purposes of such allocations, the Class [A-S] Certificates and
the Class [EC] Component [A-S] of the Class [EC] Certificates will be considered as if they together constitute a single “Class”,
the Class [B] Certificates and the Class [EC] Component [B] of the Class [EC] Certificates will be considered as if they together
constitute a single “Class”, and the Class [C] Certificates and the Class [EC] Component [C] of the Class [EC] Certificates
will be considered as if they together constitute a single “Class”.

 

    -129- 

     

    

 

Voting Rights will be allocated to the Class [EC]
Certificates only with respect to each Trust Component that is part of a Class of Certificates determined as described in the
preceding sentence. The Voting Rights of any Class of Certificates are required to be allocated among Certificateholders of such
Class in proportion to their respective Percentage Interests. None of the Class [ARD] Certificates, the [LOAN-SPECIFIC CLASS]
Certificates or the Class [R] Certificates will be entitled to any Voting Rights.

 

[“VRR
Interest”: All of the Class VRR Certificates collectively. The VRR Interest represents approximately [__]% of the aggregate
initial certificate balance of all of the “ABS interests” (as defined in Regulation RR) issued by the Turst on the
Closing date, and constitutes an “eligible vertical interest” (as defined in Regulation RR) in the form of a “single
vertical security” (as defined in Regulation RR).]

 

[“VRR
Interest Transfer Restriction Period”: With respect to the VRR Interest, the period from the Closing Date to the earlier
of: (i) the date that is latest of (A) the date on which the aggregate unpaid principal balance of all outstanding Mortgage Loans
has been reduced to 33% of the aggregate Cut-off Date Balance of the Mortgage Loans, (B) the date on which the aggregate outstanding
Certificate Balance of the Principal Balance Certificates has been reduced to 33% of the aggregate outstanding Certificate Balance
of the Principal Balance Certificates as of the Closing Date, or (C) two (2) years after the Closing Date; or (ii) in the sole
discretion of the Retaining Sponsor and the Depositor, the date on which the provisions of Regulation RR applicable to the Retaining
Sponsor, the Retaining Parties and the securitization transaction contemplated by this Agreement are repealed in their entirety
or are otherwise eliminated and the Retaining Sponsor and the Depositor have determined that such repeal or elimination renders
Regulation RR in its entirety inapplicable (and that there are no other risk retention requirements under the Dodd-Frank Act that
would be applicable) to the securitization transaction contemplated by this Agreement.]

 

“WAC
Rate”: With respect to any Distribution Date is equal to the weighted average of the applicable Net Mortgage Rates of
the Mortgage Loans [SPECIFY ANY APPLICABLE SUBSET OF THE MORTGAGE LOANS] as of the first day of the related Collection Period,
weighted on the basis of their respective Stated Principal Balances immediately following the prior Distribution Date (or, in
the case of the WAC Rate for the initial Distribution Date, as of the Closing Date).

 

“WHFIT”:
A “Widely Held Fixed Investment Trust” as that term is defined in Treasury Regulations section 1.671-5(b)(22)
or successor provisions.

 

“WHFIT
Regulations”: Treasury Regulations section 1.671-5, as amended.

 

“WHMT”:
A “Widely Held Mortgage Trust” as that term is defined in Treasury Regulations section 1.671-5(b)(23) or successor
provisions.

 

“Withheld
Amounts”: As defined in Section 3.23 of this Agreement.

 

“Workout-Delayed
Reimbursement Amounts”: With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made
with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or

 

    -130- 

     

    

 

Serviced Loan Combination
becomes (or, but for the making of three Monthly Payments under its modified terms, would then constitute) a Corrected Loan, together
with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the
Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a
Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified
Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner
limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

 

“Workout
Fee”: The fee paid to the Special Servicer with respect to each Corrected Loan equal to the applicable Workout Fee Rate
applied to each collection of interest (excluding Default Interest and Excess Interest) and principal (other than any amount for
which a Liquidation Fee is paid) received on such Corrected Loan for so long as it remains a Corrected Loan; provided that
no Workout Fee shall be payable by the Trust with respect to such Corrected Loan if and to the extent that the Corrected Loan
became a Specially Serviced Loan under clause (c) of the definition of Specially Serviced Loan (and no other clause thereof) and
no mortgage loan event of default actually occurs, unless the Serviced Mortgage Loan (or Serviced Loan Combination, if applicable)
is modified by the Special Servicer in accordance with the terms hereof; provided, further, that if a Serviced Mortgage
Loan (or Serviced Loan Combination, if applicable) becomes a Specially Serviced Loan under this Agreement only because of an event
described in clause (a) of the definition of Specially Serviced Loan and the related collection of principal and interest is received
within 90 days following the related maturity date in connection with the full and final payoff or refinancing of the related
Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), the Special Servicer will not be entitled to collect a Workout
Fee, but may collect and retain appropriate fees from the related Mortgagor in connection with such workout; provided,
further, that the Workout Fee with respect to any Specially Serviced Loan that becomes a Corrected Loan under this Agreement
shall be reduced by any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to such Serviced Mortgage
Loan (or Serviced Loan Combination, if applicable) as described in the definition of Excess Modification Fees in this Agreement,
but only to the extent those fees have not previously been deducted from a Workout Fee or Liquidation Fee.

 

“Workout
Fee Rate”: A rate equal to the lesser of (a) [__]% and (b) such lower rate as would result in a Workout Fee of $[_______]
when applied to each expected payment of principal and interest (other than Default Interest and Excess Interest) on the subject
Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) from the date such Mortgage Loan (or Serviced Loan Combination,
if applicable) becomes a Corrected Loan, through and including the then-related maturity date; provided that, if the rate
in clause (a) above would result in a Workout Fee that would be less than $[______] when applied to each expected payment of principal
and interest (other than Default Interest and Excess Interest) on the subject Serviced Mortgage Loan (or Serviced Loan Combination,
if applicable) from the date

 

    -131- 

     

    

 

such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) becomes a Corrected Loan
through and including the then-related maturity date, then the Workout Fee Rate shall be a rate equal to such higher rate as would
result in a Workout Fee equal to $[______] when applied to each expected payment of principal and interest (other than Default
Interest and Excess Interest) on such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) from the date such
Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) becomes a Corrected Loan through and including the then-related
maturity date.

 

“Yield
Maintenance Charge”: With respect to any Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion Loan,
the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

 

Section
1.02 Certain Calculations.  Unless otherwise specified herein, the following provisions shall apply:

 

(a)       All
calculations of interest with respect to the Mortgage Loans shall be made in accordance with the terms of the related Note and
Mortgage.

 

(b)       For
purposes of distribution of Yield Maintenance Charges pursuant to Section 4.01(c) of this Agreement on any Distribution
Date, the Class of Principal Balance Certificates and/or Class [EC] Regular Interest as to which any prepayment shall be deemed
to be distributed shall be determined on the assumption that the portion of the Principal Distribution Amount paid to the Principal
Balance Certificates and/or Class [EC] Regular Interests on such Distribution Date in respect of principal shall consist first
of scheduled payments included in the definition of Principal Distribution Amount and second of prepayments included in such definition.

 

(c)       Any
Mortgage Loan, Companion Loan or Trust Subordinate Companion Loan payment is deemed to be received by the Trust Fund on the date
such payment is actually received by the Master Servicer, the Special Servicer or the Certificate Administrator; provided,
however, that for purposes of calculating distributions on the Certificates, Principal Prepayments with respect to any
Mortgage Loan or Trust Subordinate Companion Loan, as applicable, are deemed to be received on the date they are applied in accordance
with Section 3.01(b) of this Agreement to reduce the outstanding principal balance of such Mortgage Loan or Trust Subordinate
Companion Loan, as applicable, on which interest accrues.

 

(d)       All
amounts collected by or on behalf of the Trust in respect of any Mortgage Loan or Trust Subordinate Companion Loan in the form
of payments from the related Mortgagor, Liquidation Proceeds, Condemnation Proceeds or Insurance Proceeds shall be allocated to
amounts due and owing under the related Loan Documents (including for principal and accrued and unpaid interest) in accordance
with the express provisions of the related Loan Documents and any related Co-Lender Agreement (and, in the case of an Outside
Serviced Mortgage Loan, the provisions of the applicable Outside Servicing Agreement; provided, however, in the
absence of such express provisions or if and to the extent that such terms authorize the mortgagee to use its discretion and in
any event for purposes of calculating distributions hereunder after an event of default under the related Mortgage Loan (to the
extent not cured or waived), in each case only to the extent such amount is an obligation of the related Mortgagor in the related
Loan Documents, all such amounts collected shall be deemed to be allocated for purposes of collecting amounts due under the Mortgage
Loan or Trust Subordinate Companion Loan in the following order of priority:

 

    -132- 

     

    

 

(i)       as
a recovery of any unreimbursed Advances with respect to such Mortgage Loan or Trust Subordinate Companion Loan and unpaid interest
on all Advances and, if applicable, unreimbursed and unpaid Additional Trust Fund Expenses with respect to such Mortgage Loan;

 

(ii)       as
a recovery of any Nonrecoverable Advances related to such Mortgage Loan or Trust Subordinate Companion Loan and any interest thereon,
to the extent previously reimbursed from principal collections with respect to the other Mortgage Loans;

 

(iii)      to
the extent not previously allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest on such
Mortgage Loan or Trust Subordinate Companion Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess
of (A) accrued and unpaid interest on such Mortgage Loan or Trust Subordinate Companion Loan at the related Mortgage Rate to,
but not including, the date of receipt by or on behalf of the Trust (or, in the case of a full Monthly Payment from the related
Mortgagor, through the related Due Date), over (B) the cumulative amount of the reductions (if any) in the amount of related P&I
Advances for such Mortgage Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection with
Appraisal Reduction Amounts (to the extent that collections have not been allocated as a recovery of accrued and unpaid interest
pursuant to clause (v) below on earlier dates);

 

(iv)      to
the extent not previously allocated pursuant to clause (i) or (ii) above, as a recovery of principal of such Mortgage Loan or
Trust Subordinate Companion Loan then due and owing, including by reason of acceleration of such Mortgage Loan or Trust Subordinate
Companion Loan following a default thereunder (or, if the Mortgage Loan or Trust Subordinate Companion Loan has been liquidated,
as a recovery of principal to the extent of its entire remaining unpaid principal balance);

 

(v)       as
a recovery of accrued and unpaid interest on such Mortgage Loan to the extent of the cumulative amount of the reductions (if any)
in the amount of related P&I Advances for such Mortgage Loan that have theretofore occurred under Section 4.06(a) of
this Agreement in connection with related Appraisal Reduction Amounts (to the extent that collections have not been allocated
as recovery of accrued and unpaid interest pursuant to this clause (v) on earlier dates);

 

(vi)      as
a recovery of amounts to be currently allocated to the payment of, or escrowed for the future payment of, real estate taxes, assessments
and insurance premiums and similar items relating to such Mortgage Loan or Trust Subordinate Companion Loan;

 

(vii)     as
a recovery of any other reserves to the extent then required to be held in escrow with respect to such Mortgage Loan or Trust
Subordinate Companion Loan;

 

(viii)    as
a recovery of any Yield Maintenance Charge then due and owing under such Mortgage Loan or Trust Subordinate Companion Loan;

 

    -133- 

     

    

 

(ix)       as
a recovery of any Default Interest and late payment charges then due and owing under such Mortgage Loan or Trust Subordinate Companion
Loan;

 

(x)        as
a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under such Mortgage Loan
or Trust Subordinate Companion Loan;

 

(xi)       as
a recovery of any other amounts then due and owing under such Mortgage Loan or Trust Subordinate Companion Loan other than remaining
unpaid principal and, if applicable, unpaid Excess Interest (if both Consent Fees and Operating Advisor Consulting Fees are due
and owing, first, allocated to Consent Fees and then, allocated to Operating Advisor Consulting Fees);

 

(xii)       as
a recovery of any remaining principal of such Mortgage Loan or Trust Subordinate Companion Loan to the extent of its entire remaining
unpaid principal balance; and

 

(xiii)      in
the case of an ARD Mortgage Loan after the related Anticipated Repayment Date, as a recovery of Excess Interest;

 

provided
that, to the extent required under the REMIC Provisions, payments or proceeds received (or receivable by exercise of the lender’s
rights under the related Loan Documents) with respect to any partial release of a Mortgaged Property (including following a condemnation)
at a time when the loan-to-value ratio of the related Mortgage Loan or the related Serviced Loan Combination or Trust Subordinate
Companion Loan, as applicable, exceeds 125%, or would exceed 125% following any partial release (based solely on the value of
the real property and excluding personal property and going concern value, if any) must be collected and allocated to reduce the
principal balance of the Mortgage Loan or the related Serviced Loan Combination or Trust Subordinate Companion Loan in the manner
permitted by such REMIC Provisions.

 

(e)       Collections
by or on behalf of the Trust in respect of any REO Property (exclusive of amounts to be allocated to the payment of the costs
of operating, managing, leasing, maintaining and disposing of such REO Property and, if applicable, in the case of each Serviced
Loan Combination, exclusive of any amounts payable to the holder(s) of the related Companion Loan(s) pursuant to the related Co-Lender
Agreement) shall be deemed to be allocated for purposes of calculating distributions on the Certificates and (subject to any related
Co-Lender Agreement and/or Outside Servicing Agreement) for purposes of otherwise collecting amounts due under the Mortgage Loan
in the following order of priority:

 

(i)       as
a recovery of any unreimbursed Advances (including any Workout-Delayed Reimbursement Amount) with respect to the related REO Mortgage
Loan and interest at the Advance Rate on all Advances and, if applicable, unreimbursed and unpaid expenses of the Trust with respect
to the related REO Mortgage Loan;

 

(ii)      as
a recovery of any Nonrecoverable Advances with respect to the related REO Mortgage Loan and any interest on those Nonrecoverable
Advances at the Advance Rate, to the extent previously paid or reimbursed from principal collections on the

 

    -134- 

     

    

 

Mortgage Loans (as
described in the first proviso in the definition of “Principal Distribution Amount”);

 

(iii)        to
the extent not previously allocated pursuant to clause (i) or (ii) above, as a recovery of accrued and unpaid interest on the
related REO Mortgage Loan (exclusive of Default Interest and Excess Interest) to the extent of the excess of (A) accrued and unpaid
interest on such REO Mortgage Loan at the related Mortgage Rate in effect from time to time through the end of the applicable
Mortgage Loan interest accrual period, over (B) the cumulative amount of the reductions (if any) in the amount of related P&I
Advances for the related REO Mortgage Loan that have theretofore occurred under Section 4.06(a) of this Agreement in connection
with Appraisal Reduction Amounts (to the extent that collections have not been allocated as a recovery of accrued and unpaid interest
on earlier dates pursuant to clause (v) below or clause (v) of Section 1.02(d) above);

 

(iv)        to
the extent not previously allocated pursuant to clause (i) or (ii) above, as a recovery of principal of the related REO Mortgage
Loan to the extent of its entire unpaid principal balance;

 

(v)         as
a recovery of accrued and unpaid interest on the related REO Mortgage Loan to the extent of the cumulative amount of the reductions
(if any) in the amount of related P&I Advances for the related REO Mortgage Loan that have theretofore occurred under Section
4.06(a) of this Agreement in connection with related Appraisal Reduction Amounts (to the extent that collections have not
theretofore been allocated as a recovery of accrued and unpaid interest on earlier dates pursuant to this clause (v) or clause
(v) of Section 1.02(d) above);

 

(vi)         as
a recovery of any Yield Maintenance Charge then due and owing under the related REO Mortgage Loan;

 

(vii)        as
a recovery of any Default Interest and late payment charges then due and owing under the related REO Mortgage Loan;

 

(viii)       as
a recovery of any Assumption Fees, assumption application fees and Modification Fees then due and owing under the related REO
Mortgage Loan;

 

(ix)          if
the related Mortgage Loan was an ARD Loan, as a recovery of any Excess Interest then due and owing under the related REO Mortgage
Loan; and

 

(x)           as
a recovery of any other amounts then due and owing under the related REO Mortgage Loan (if both Consent Fees and Operating Advisor
Consulting Fees are due and owing, first, allocated to Consent Fees and, then, allocated to Operating Advisor Consulting
Fees).

 

(f)           The
applications of amounts received in respect of any Mortgage Loan or Trust Subordinate Companion Loan pursuant to paragraph (d)
of this Section 1.02 shall be determined by the Master Servicer in accordance with the Servicing Standard. The applications
of amounts received in respect of any Mortgage Loan or any REO Property pursuant to

 

    -135- 

     

    

 

paragraph (e) of this Section 1.02
shall be determined by the Special Servicer in accordance with the Servicing Standard.

 

(g)       All
net present value calculations and determinations made hereunder with respect to the Mortgage Loans, the Serviced Companion Loans,
the Trust Subordinate Companion Loan or a Mortgaged Property or REO Property (including for purposes of the definition of “Servicing
Standard”, and including, if and when applicable, with respect to an Outside Serviced Mortgage Loan or the related Mortgaged
Property or any related REO Property) shall be made using the Calculation Rate.

 

(h)       The
parties hereto acknowledge that any payments, collections and recoveries received by the parties to the applicable Outside Servicing
Agreement related to an Outside Serviced Mortgage Loan are required to be allocated by such parties as interest, principal or
other amounts in accordance with the terms and conditions of the applicable Outside Servicing Agreement, the related Co-Lender
Agreement and the related Outside Serviced Mortgage Loan.

 

Section
1.03 Certain Constructions.  (a) For purposes of this Agreement, references to the most or next most subordinate Class
of Certificates or Class [EC] Regular Interests outstanding at any time shall mean the most or next most subordinate Class of
Certificates or Class [EC] Regular Interest then outstanding as among the Class [A-1], Class [A-2], Class [A-3], Class [A-4],
Class [A-AB], Class [X-A], Class [A-S], Class [B], Class [C], Class [D], Class [E], Class [F], Class [G] and Class [H] Certificates
and the Class [A-S], Class [B] and Class [C] Regular Interests; provided, however, that for purposes of determining
the most subordinate Class of Certificates, in the event that the Class [A-1], Class [A-2], Class [A-3], Class [A-4] and Class
[A-AB] Certificates are the only Classes of Principal Balance Certificates outstanding, the Class [A-1], Class [A-2], Class [A-3],
Class [A-4], Class [A-AB] and Class [X-A] Certificates together will be treated as the most subordinate Class of Certificates.
For purposes of this Agreement, each Class of Certificates (other than the Class [ARD] Certificates, the Class [R] Certificates
and, for purposes of receiving Yield Maintenance Charges, the Class [X-A] Certificates) and Class [EC] Regular Interest shall
be deemed to be outstanding only to the extent its respective Certificate Balance or Notional Amount has not been reduced to zero.
For purposes of this Agreement, the Class [R] Certificates shall be deemed to be outstanding so long as the Trust REMICs have
not been terminated pursuant to Section 9.01 of this Agreement.

 

(b)       For
purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:

 

(i)        the
terms defined in this Agreement include the plural as well as the singular, and the use of any gender herein shall be deemed to
include the other gender;

 

(ii)       references
herein to “Articles”, “Sections”, “Subsections”, “Paragraphs” and other subdivisions
without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement;

 

    -136- 

     

    

 

(iii)      a
reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section
in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions;

 

(iv)      the
words “herein”, “hereof”, “hereunder”, “hereto”, “hereby” and other
words of similar import refer to this Agreement as a whole and not to any particular provision; and

 

(v)       the
terms “include” or “including” shall mean without limitation by reason of enumeration.

 

Article
II

CONVEYANCE OF MORTGAGE LOANS;

ORIGINAL ISSUANCE OF CERTIFICATES

 

Section
2.01      Conveyance of Mortgage Loans and the Trust Subordinate Companion Loan.

 

(a)       The
Depositor, concurrently with the execution and delivery hereof, does hereby establish a trust to be designated as [issuing
entity], appoint the Trustee to serve as trustee of such trust and assign, sell, transfer, set over and otherwise convey
to the Trustee (as holder of the Lower-Tier Regular Interests) in trust without recourse for the benefit of the Certificateholders
all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor,
in, to and under (i) the Mortgage Loans and the Trust Subordinate Companion Loan identified on the Mortgage Loan Schedule, (ii)
Sections 2, 3, 4, 5 (other than Section 5(e) and 5(f)), 6 (other than Section 6(i) and Section 6(j)), (and to the extent related
to the foregoing) 7, 11, 12, 13, 14, 16, 17, 18 and 23 of each Mortgage Loan Purchase Agreement, (iii) the [sponsor
guarantor] Guaranty, (iv) each Co-Lender Agreement, if any, and (v) all Escrow Accounts, Lock-Box Accounts and all other
assets included or to be included in the Trust Fund for the benefit of the Certificateholders. Such assignment includes all interest
and principal received or receivable on or with respect to the Mortgage Loans and the Trust Subordinate Companion Loan (other
than payments of principal and interest and other amounts due and payable on the Mortgage Loans and the Trust Subordinate Companion
Loan on or before the Cut-Off Date and excluding any Retained Defeasance Rights and Obligations with respect to the Mortgage Loans
and the Trust Subordinate Companion Loan). Such assignment of any Outside Serviced Mortgage Loan is further subject to the terms
and conditions of the applicable Outside Servicing Agreement and the related Co-Lender Agreement. The transfer of the Mortgage
Loans and the Trust Subordinate Companion Loan and the related rights and property accomplished hereby is absolute and, notwithstanding
Section 12.08 of this Agreement, is intended by the parties to constitute a sale.

 

(b)       In
connection with the Depositor’s assignment pursuant to Section 2.01(a) of this Agreement, the Depositor shall direct
each Mortgage Loan Seller (pursuant to the related Mortgage Loan Purchase Agreement) to deliver to and deposit with (or to cause
to be delivered to and deposited with) the Custodian (on behalf of the Trustee), on or before the Closing Date, the Mortgage File
for each Mortgage Loan and Trust Subordinate Companion Loan, with copies

 

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(other than with respect to an Outside Serviced Mortgage
Loan) to be delivered, within five (5) Business Days after the Closing Date, to the Master Servicer; provided that, with
respect to the Trust Subordinate Companion Loan, only the documents and instruments specifically described in the definition of
“Mortgage File” for the Trust Subordinate Companion Loan shall be delivered to the Custodian and the remaining documents
and instruments in the related Mortgage File shall be delivered in connection with the related Mortgage Loan. Notwithstanding
anything to the contrary contained herein, (A) with respect to an Outside Serviced Mortgage Loan as of the Closing Date, the preceding
document delivery requirements shall be deemed satisfied by the delivery by the applicable Mortgage Loan Seller to the Custodian
(on behalf of the Trustee) of (i) with respect to the documents and/or instruments referred to in clause (1) of the definition
of “Mortgage File”, executed originals of the related documents, and (ii) with respect to the documents and/or instruments
referred to in clauses (2) through (20) of the definition of “Mortgage File”, a copy of such documents (with the actual
such documents to be delivered to the applicable Outside Custodian under the applicable Outside Servicing Agreement) and (B) with
respect to a Servicing Shift Mortgage Loan, the related Mortgage File delivered to and deposited with the Custodian (on behalf
of the Trustee) as contemplated by the first sentence of this Section 2.01(b) shall, on or after the related Servicing
Shift Date, be transferred to the Outside Custodian related to the securitization of the related Pari Passu Companion Loan evidenced
by the related Servicing Shift Lead Note in accordance with the second paragraph of Section 2.01(c) and with the expectation
that the assignments referred to in clauses (4), (5) and (14) of the definition of “Mortgage File” (to the extent
that recordation of such item would have otherwise been required) will be recorded in the name of the trustee for that securitization.
None of the Certificate Administrator, the Trustee, the Custodian, the Master Servicer or the Special Servicer shall be liable
for any failure by any Mortgage Loan Seller or the Depositor to comply with the document delivery requirements of the related
Mortgage Loan Purchase Agreement and this Section 2.01(b). Notwithstanding anything herein to the contrary, with respect
to letters of credit (exclusive of those relating to an Outside Serviced Mortgage Loan), the applicable Mortgage Loan Seller shall
deliver, on or before the Closing Date, to the Master Servicer and the Master Servicer shall hold the original (or copy, if such
original has been submitted by the applicable Mortgage Loan Seller to the issuing bank to effect an assignment or amendment of
such letter of credit (changing the beneficiary thereof to the Trustee (in care of the Master Servicer) for the benefit of Certificateholders
and, if applicable, the related Serviced Companion Loan Holder, to the extent required in order for the Master Servicer to draw
on such letter of credit on behalf of the Trustee for the benefit of Certificateholders and, if applicable, the related Serviced
Companion Loan Holder in accordance with the applicable terms thereof and/or of the related Loan Documents)) and the applicable
Mortgage Loan Seller shall be deemed to have satisfied any delivery requirements of the related Mortgage Loan Purchase Agreement
and this Section 2.01(b) by delivering, on or before the Closing Date, with respect to any letter(s) of credit a copy thereof
to the Custodian together with an Officer’s Certificate of the applicable Mortgage Loan Seller certifying that such document
has been delivered to the Master Servicer or an Officer’s Certificate from the Master Servicer certifying that it holds
the letter(s) of credit pursuant to this Section 2.01(b). If a letter of credit referred to in the previous sentence is
not in a form that would allow the Master Servicer to draw on such letter of credit on behalf of the Trustee for the benefit of
Certificateholders and, if applicable, the related Serviced Companion Loan Holder in accordance with the applicable terms thereof
and/or of the related Loan Documents, the applicable Mortgage Loan Seller shall deliver the appropriate assignment or

 

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amendment
documents (or copies of such assignment or amendment documents if the related Mortgage Loan Seller has submitted the originals
to the related issuer of such letter of credit for processing) to the Master Servicer within 90 days of the Closing Date; provided
that with respect to a Servicing Shift Mortgage Loan, no such assignments shall be made until the earlier of (i) the related Servicing
Shift Date, in which case such assignments shall be made in accordance with the related Servicing Shift Mortgage Loan Pooling
and Servicing Agreement, and (ii) the earlier of (A) 180 days after the Closing Date and (B) such time as any such letter of credit
is required to be drawn upon by the Master Servicer, in which case such assignments shall be made in favor of the Trustee for
the benefit of the Certificateholders and for the benefit of the holder of the related Companion Loan, until the occurrence of
the related Servicing Shift Date. Contemporaneous with the securitization of the related Pari Passu Companion Loan evidenced by
the related Servicing Shift Lead Note, any such letter of credit shall be assigned to the related Outside Servicer or related
Outside Trustee, as applicable, as provided in the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement. The
applicable Mortgage Loan Seller shall pay any costs of assignment or amendment of such letter(s) of credit required in order for
the Master Servicer to draw on such letter(s) of credit on behalf of the Trustee for the benefit of Certificateholders and, if
applicable, the related Serviced Companion Loan Holder, and shall cooperate with the reasonable requests of the Master Servicer
or the Special Servicer, as applicable, in connection with effectuating a draw under any such letter of credit prior to the date
such letter of credit is assigned or amended in order that it may be drawn by the Master Servicer on behalf of the Trustee for
the benefit of Certificateholders and, if applicable, the related Serviced Companion Loan Holder.

 

With
respect to any Serviced Mortgage Loan secured by a Mortgaged Property that is subject to a franchise agreement with a related
comfort letter in favor of the related Mortgage Loan Seller that requires notice to or request of the related franchisor to transfer
or assign any such related comfort letter to the Trustee for the benefit of the Certificateholders (and, if applicable, the related
Serviced Companion Loan Holder(s)) or have a new comfort letter (or any such new document or acknowledgement as may be contemplated
under the existing comfort letter) issued in the name of the Trustee for the benefit of the Certificateholders (and, if applicable,
the related Serviced Companion Loan Holder(s)), the related Mortgage Loan Seller or its designee shall, within 45 days of the
Closing Date (or any shorter period if required by the applicable comfort letter), provide any such required notice or make any
such required request to the related franchisor for the transfer or assignment of such comfort letter or issuance of a new comfort
letter (or any such new document or acknowledgement as may be contemplated under the existing comfort letter), with a copy of
such notice or request to the Custodian (who shall include such document in the related Mortgage File) and the Master Servicer,
and the Master Servicer shall use reasonable efforts in accordance with the Servicing Standard to acquire such replacement comfort
letter, if necessary (or to acquire any such new document or acknowledgement as may be contemplated under the existing comfort
letter), and the Master Servicer shall, as soon as reasonably practicable following receipt thereof, deliver the original of such
replacement comfort letter, new document or acknowledgement, as applicable, to the Custodian for inclusion in the Mortgage File.

 

After
the Depositor’s transfer of the Mortgage Loans to the Trustee pursuant to this Section 2.01(b), the Depositor shall
not take any action inconsistent with the Trust’s ownership of the Mortgage Loans.

 

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(c)       The
Depositor hereby represents and warrants that each Mortgage Loan Seller has covenanted in the applicable Mortgage Loan Purchase
Agreement that it shall record and file, or cause a third party on its behalf to record and file, at the related Mortgage Loan
Seller’s expense, in the appropriate public recording office for real property records or UCC financing statements, as appropriate,
each related assignment of Mortgage and assignment of Assignment of Leases referred to in clause (4) of the definition of “Mortgage
File” and each related UCC-3 assignment referred to in clause (15) of the definition of “Mortgage File”, in
each case in favor of the Trustee. This subsection (c) shall not apply to any Outside Serviced Mortgage Loan because the
documents referred to herein have been assigned to the related Outside Trustee. Notwithstanding the foregoing, with respect to
a Servicing Shift Mortgage Loan: (A) the instruments of assignment referred to in clauses (4), (5) and (14) in the definition
of “Mortgage File” may be in blank and need not be recorded pursuant to this Agreement (to the extent recordation
would have otherwise been required) until the earliest of (i) the related Servicing Shift Date, in which case such instruments
shall be completed and, if applicable, recorded in accordance with the related Servicing Shift Mortgage Loan Pooling and Servicing
Agreement, and the related Mortgage Loan Seller shall deliver or cause the delivery of photocopies of any such instruments of
assignment so completed and recorded to the Custodian, (ii) such Servicing Shift Mortgage Loan becomes a Specially Serviced Mortgage
Loan prior to the related Servicing Shift Date, in which case such assignments shall be completed and, if applicable, recorded
in accordance with this Agreement upon such occurrence, and (iii) the expiration of 180 days following the Closing Date, in which
case assignments shall be completed and, if applicable, recordations shall be effected in accordance with this Agreement upon
such occurrence; and (B) following the related Servicing Shift Date and upon the transfer of servicing of the related Servicing
Shift Mortgage Loan to the related Outside Servicing Agreement in accordance with the related Co-Lender Agreement, the Custodian
shall deliver the originals of all documents constituting the related Mortgage File and any other related Loan Documents (if not
a part of the related Mortgage File) in its possession (other than the documents described in clause (1) of the definition of
“Mortgage File”) to the related Outside Trustee or the Outside Custodian; provided that, prior to the delivery
of any such original documents to the related Outside Trustee or Outside Custodian, the Custodian shall make and retain photocopies
of any and all documents so delivered to the related Outside Trustee or the Outside Custodian; and provided, further, that, to
the extent any instruments of assignment that are part of the Mortgage File have been recorded pursuant to this Agreement prior
to the related Servicing Shift Date, the Trustee shall execute and deliver assignments to the Outside Trustee.

 

The
Depositor hereby represents and warrants that the applicable Mortgage Loan Seller has covenanted in the related Mortgage Loan
Purchase Agreement as to each Mortgage Loan (exclusive of any Outside Serviced Mortgage Loan), that if it cannot deliver or cause
to be delivered the documents and/or instruments referred to in clauses (2), (3) and (6) (if recorded) and (15) of the definition
of “Mortgage File” solely because of a delay caused by the public recording or filing office where such document or
instrument has been delivered for recordation or filing, as applicable, a copy of the original certified by the applicable Mortgage
Loan Seller or the title agent to be a true and complete copy of the original thereof submitted for recording, shall be forwarded
to the Custodian. Each assignment referred to in the prior paragraph that is recorded and the file copy of each UCC-3 assignment
referred to in the previous paragraph shall reflect that it should be returned by the public recording or filing office to the
Custodian or its agent following recording (or, alternatively, to the applicable Mortgage Loan Seller or its

 

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designee, in which
case the applicable Mortgage Loan Seller shall deliver or cause the delivery of the recorded/filed original to the Custodian promptly
following receipt); provided that, in those instances where the public recording office retains the original assignment
of Mortgage or assignment of Assignment of Leases, the applicable Mortgage Loan Seller or its designee shall obtain and provide
to the Custodian a certified copy of the recorded original. On a monthly basis, at the expense of the applicable Mortgage Loan
Seller, the Custodian shall forward to the Master Servicer a copy of each of the aforementioned assignments following the Custodian’s
receipt thereof.

 

If
the Custodian has received written notice that any of the aforementioned assignments is lost or returned unrecorded or unfiled,
as the case may be, because of a defect therein, then the Custodian shall direct the applicable Mortgage Loan Seller (pursuant
to the Mortgage Loan Purchase Agreement) promptly to prepare or cause the preparation of a substitute therefor or cure such defect
or cause such defect to be cured, as the case may be, and to record or file, or with respect to any assignments that a third party
on the Mortgage Loan Seller’s behalf has agreed to record or file as described above, to deliver to such third party the
substitute or corrected document.

 

(d)       In
connection with the Depositor’s assignment pursuant to Section 2.01(a) of this Agreement, except with respect to
any Outside Serviced Mortgage Loan, the Depositor shall direct the applicable Mortgage Loan Seller (pursuant to the related Mortgage
Loan Purchase Agreement) to deliver to and deposit with (or cause to be delivered to and deposited with) the Master Servicer within
five (5) Business Days after the Closing Date: (i) a copy of the Mortgage File; (ii) all documents and records not otherwise required
to be contained in the Mortgage File that (A) relate to the origination and/or servicing and administration of the Mortgage Loans
and the Trust Subordinate Companion Loan and any related Serviced Companion Loan(s), (B) are reasonably necessary for the ongoing
administration and/or servicing of the Mortgage Loans and the Trust Subordinate Companion Loan (including any asset summaries
related to the Mortgage Loans that were delivered to the Rating Agencies in connection with the rating of the Certificates) or
any related Serviced Companion Loans or for evidencing or enforcing any of the rights of the holder of the Mortgage Loans or any
related Serviced Companion Loans or holders of interests therein, and (C) are in possession or under control of the applicable
Mortgage Loan Seller; and (iii) all unapplied Escrow Payments and reserve funds in the possession or under control of the applicable
Mortgage Loan Seller that relate to such Mortgage Loans and the Trust Subordinate Companion Loan and any related Serviced Companion
Loans, together with a statement indicating which Escrow Payments and reserve funds are allocable to each Mortgage Loan and the
Trust Subordinate Companion Loan or any related Serviced Companion Loan; provided that the applicable Mortgage Loan Seller
shall not be required to deliver any draft documents, privileged or other related Mortgage Loan Seller communications, credit
underwriting, due diligence analyses or data, or internal worksheets, memoranda, communications or evaluations. The Master Servicer
shall hold all such documents, records and funds on behalf of the Trustee in trust for the benefit of the Certificateholders (including,
with respect to the Trust Subordinate Companion Loan, the Holders of the Class [LOAN-SPECIFIC] Certificates) (and, insofar as
they also relate to a Serviced Companion Loan, on behalf of and for the benefit of the applicable Serviced Companion Loan Holder).
Notwithstanding anything to the contrary, the foregoing provisions of this Section 2.01(d) shall not apply to the Outside
Serviced Mortgage Loans. In addition, each

 

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Mortgage Loan Seller is required, pursuant to the related Mortgage Loan Purchase Agreement,
to provide to the Master Servicer the initial data with respect to its Mortgage Loans for the CREFC® Financial File and the
CREFC® Loan Periodic Update File that are required to be prepared by the Master Servicer pursuant to this Agreement.

 

(e)       In
connection with the Depositor’s assignment pursuant to subsection (a) above, the Depositor shall deliver, and hereby represents
and warrants that it has delivered, to the Custodian and the Master Servicer, on or before the Closing Date, a fully executed
original counterpart of each Mortgage Loan Purchase Agreement, as in full force and effect, without amendment or modification,
on the Closing Date.

 

(f)       With
respect to a Serviced Loan Combination, the Custodian shall also hold the related Mortgage File for the use and benefit of the
related Serviced Companion Loan Holder(s).

 

(g)       The
parties to this Agreement acknowledge and agree, with respect to the Outside Serviced Mortgage Loans, that the Trust assumes the
obligations and rights of the holder of each Outside Serviced Mortgage Loan under the respective Co-Lender Agreement and/or Outside
Servicing Agreement.

 

(h)       It
is not intended that this Agreement create a partnership or a joint-stock association.

 

(i)       The
parties to this Agreement acknowledge that each Mortgage Loan Purchase Agreement provides that: (1) within [___] days after the
Closing Date, the related Mortgage Loan Seller is required to deliver or cause to be delivered the Diligence File for each of
its Mortgage Loans to the Depositor by uploading such Diligence Files to the Designated Site; and (2) promptly upon completion
of such delivery of the Diligence Files (but in no event later than [___] days after the Closing Date), the applicable Mortgage
Loan Seller is required to provide to the Depositor (with a copy (which may be sent by email if and to the extent provided for
in Section 12.04 of this Agreement) to each of the Master Servicer, the Special Servicer, the Trustee, the Certificate
Administrator, the Custodian, the Controlling Class Representative, the Asset Representations Reviewer and the Operating Advisor)
an officer’s certificate signed by such Mortgage Loan Seller certifying that the electronic copies of the documents uploaded
to the Designated Site constitute all documents required under the definition of “Diligence File” and such Diligence
Files are organized and categorized in accordance with the electronic file structure reasonably requested by the Depositor (the
“Diligence File Certification”). The Depositor shall have no responsibility for determining whether any Diligence
Files delivered to it are complete and shall have no liability to the Trust or the Certificateholders for the failure of any Mortgage
Loan Seller to deliver a Diligence File (or a complete Diligence File) to the Depositor.

 

(j)       Within
[__] Business Day[s] after the Closing Date, the Depositor shall deliver to the Master Servicer the Initial Schedule AL File and
the Initial Schedule AL Additional File in XML Format and Excel format at the following email address: [___________]

 

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Section
2.02       Acceptance by the Trustee, the Custodian and the Certificate Administrator.

 

(a)       The
Trustee, by its execution and delivery of this Agreement, hereby accepts receipt, directly or through the Custodian on its behalf,
of (i) the Mortgage Loans and the Trust Subordinate Companion Loan and all documents delivered to it that constitute portions
of the related Mortgage Files and (ii) all other assets delivered to it and included in the Trust Fund, in good faith and without
notice of any adverse claim, and declares that it or the Custodian on its behalf holds and will hold such documents and any other
documents subsequently received by it that constitute portions of the Mortgage Files, and that the Custodian on behalf of the
Trustee holds and will hold the Mortgage Loans and the Trust Subordinate Companion Loan and such other assets, together with any
other assets subsequently delivered to it that are to be included in the Trust Fund, in trust for the exclusive use and benefit
of all present and future Certificateholders and, if applicable, the Serviced Companion Loan Holders pursuant to Section 2.01(f)
of this Agreement. With respect to each Serviced Loan Combination, the Custodian shall also hold the portion of such Mortgage
File that relates to the Serviced Companion Loan in such Loan Combination in trust for the use and benefit of the related Serviced
Companion Loan Holder. In connection with the foregoing, [Truste][Certificate Administrator], as the initial Custodian, hereby
certifies to each of the other parties hereto, the applicable Mortgage Loan Seller, each Underwriter and each Initial Purchaser
that, as to each Mortgage Loan and Trust Subordinate Companion Loan, (i) all documents specified in clause (1) of the definition
of “Mortgage File” are in its possession, and (ii) the original Note (or, if accompanied by a lost note affidavit,
the copy of such Note) received by it with respect to such Mortgage Loan has been reviewed by it and (A) appears regular on its
face (handwritten additions, changes or corrections shall not constitute irregularities if initialed by the Mortgagor), (B) appears
to have been executed (where appropriate) and (C) purports to relate to such Mortgage Loan and Trust Subordinate Companion Loan.

 

(b)       On
or about the 60th day following the Closing Date (and, if any exceptions are noted, again on or about the 90th
day following the Closing Date and monthly thereafter until the earliest of (i) the second anniversary of the Closing Date,
(ii) the day on which all exceptions have been removed and (iii) the day on which the applicable Mortgage Loan Seller has repurchased
or substituted for the last affected Mortgage Loan), the Custodian shall review the documents delivered to it with respect to
each Mortgage Loan and Trust Subordinate Companion Loan, and the Custodian shall, subject to Sections 2.01(c), 2.02(c)
and 2.02(d) of this Agreement and the terms of the respective Mortgage Loan Purchase Agreements, certify in writing
(substantially in the form of Exhibit N to this Agreement) to each of the other parties hereto, the applicable Mortgage
Loan Seller, each Underwriter and each Initial Purchaser (and upon request, in the case of a Serviced Loan Combination, to the
related Serviced Companion Loan Holder) that, as to each Mortgage Loan and Trust Subordinate Companion Loan then subject to this
Agreement (except as specifically identified in any exception report annexed to such certification, which exception report shall
also be available in electronic format (including Excel-compatible format) upon request): (i) all documents specified in clauses
(1), (2), (3), (4) (other than with respect to an Outside Serviced Mortgage Loan), (5), (7), (6) (provided that the Custodian
has been notified of any related modification), (15) and (20) (for any Mortgage Loan that is part of a Loan Combination) of the
definition of “Mortgage File” are in its possession; (ii) the recordation/filing contemplated by Section 2.01(c)
of this

 

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Agreement has been completed (based solely on receipt by the Custodian (whether that is the [Trustee][Certificate
Administrator] or any other Custodian appointed by it) of the particular recorded/filed documents); (iii) all documents received
by the Custodian with respect to such Mortgage Loan and Trust Subordinate Companion Loan have been reviewed by the Custodian and
(A) appear regular on their face (handwritten additions, changes or corrections shall not constitute irregularities if initialed
by the Mortgagor), (B) appear to have been executed (where appropriate) and (C) purport to relate to such Mortgage Loan and Trust
Subordinate Companion Loan; and (iv) based on the examinations referred to in Section 2.02(a) of this Agreement and this
Section 2.02(b) and only as to the foregoing documents (together with any Loan Agreement that has been delivered by the
related Mortgage Loan Seller), the information set forth in the Mortgage Loan Schedule with respect to the items specified in
clauses (iv) and (v)(B) of the definition of “Mortgage Loan Schedule” accurately reflects the information set forth
in the Mortgage File. With respect to the items listed in clauses (2), (3), (4) and (6) of the definition of “Mortgage File”
if the original of such document is not in the Custodian’s possession because it has not been returned from the applicable
recording office, then the Custodian’s certification prepared pursuant to this Section 2.02(b) should indicate the
absence of such original. In addition, as it relates to the Outside Serviced Mortgage Loans, with respect to the items listed
in clauses (1), (2), (3), (4), (5), (6), (7), (15) and (20) of the definition of “Mortgage File”, the Custodian’s
certification prepared pursuant to this Section 2.02(b) should indicate the absence of such document: (i) in the case of
the item listed in clause (1) of the definition of “Mortgage File”, unless the Custodian is in possession of the original
of such document; and (ii) in the case of the items listed in clauses (2), (3), (4), (5), (6), (7), (15) and (20) of the definition
of “Mortgage File”, unless the Custodian is in possession of a copy of such document. If the Custodian’s obligation
to deliver the certifications contemplated in this subsection terminates because two years have elapsed since the Closing Date,
the [Trustee][Certificate Administrator] shall deliver (or cause any other Custodian appointed by it to deliver) a comparable
certification to any party hereto, the Serviced Companion Loan Holder and any Underwriter and any Initial Purchaser on request.

 

(c)       It
is acknowledged that none of the Trustee, the Master Servicer, the Special Servicer, the Certificate Administrator or the Custodian
is under any duty or obligation to inspect, review or examine any of the documents, instruments, certificates or other papers
relating to the Mortgage Loans (or the Trust Subordinate Companion Loan, as applicable) delivered to it to determine that the
same are valid, legal, effective, genuine, binding, enforceable, sufficient or appropriate for the represented purpose or that
they are other than what they purport to be on their face. Furthermore, none of the Trustee, the Master Servicer, the Special
Servicer, the Certificate Administrator or the Custodian shall have any responsibility for determining whether the text of any
assignment or endorsement is in proper or recordable form, whether the requisite recording of any document is in accordance with
the requirements of any applicable jurisdiction, or whether a blanket assignment is permitted in any applicable jurisdiction.

 

(d)       The
parties hereto hereby agree that the scope of the Custodian’s review of the Mortgage Files is limited solely to confirming
that the documents specified in clauses (1), (2), (3), (4) (other than with respect to an Outside Serviced Mortgage Loan), (5),
(6) (provided that the Custodian has been notified of any related modification), (7), (15) and (20) (for any Mortgage Loan that
is part of a Loan Combination) of the definition of “Mortgage File” have

 

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been received, appear regular on their face
and such additional information as will be necessary for delivering the certifications required by Sections 2.02(a) and
2.02(b) of this Agreement, and such review is in no way intended to, nor shall it be used to, verify the content of any
collateral descriptions included in any data tapes and shall not otherwise directly or indirectly be reflected in any offering
document. Any review of the Mortgage Files by the Custodian and any certification with respect thereto is not intended to, and
shall not be deemed by the parties to this Agreement to, constitute “due diligence services” or a “third party
due diligence report” as such terms are defined in Rule 17g-10 and 15Ga-2, respectively, under the Exchange Act. Any recipient
of the Custodian’s certification or a copy thereof by its receipt thereof is deemed to agree, and each party to this Agreement
hereby agrees, that it shall not share such certification with any NRSRO or any party not addressed on such certification. Notwithstanding
the foregoing, nothing in this Section 2.02(d) shall relieve any party to this Agreement from its obligation to deliver
information to the Rating Agencies as required under and in accordance with the terms of this Agreement.

 

(e)       If,
after the Closing Date, the Depositor comes into possession of any documents or records that constitute part of the Mortgage File
or Servicing File for any Mortgage Loan or Trust Subordinate Companion Loan, the Depositor shall promptly deliver such document
to the Custodian with a copy to the Master Servicer (if it constitutes part of the Servicing File).

 

Section
2.03      Mortgage Loan Sellers’ Repurchase, Substitution or Cures of Mortgage Loans for Document Defects in Mortgage Files
and Breaches of Representations and Warranties.

 

(a)       If
(i) any party hereto (other than the Asset Representations Reviewer) (A) discovers or receives notice alleging that any document
constituting a part of a Mortgage File has not been properly executed, is missing, contains information that does not conform
in any material respect with the corresponding information set forth in the Mortgage Loan Schedule, or does not appear to be regular
on its face (each, a “Document Defect”) or (B) discovers or receives notice alleging a breach of any representation
or warranty of the applicable Mortgage Loan Seller made pursuant to Section 6(c) of the related Mortgage Loan Purchase Agreement
with respect to any Mortgage Loan (a “Breach”) or (ii) the Special Servicer or the Depositor receives a Repurchase
Request, then such Person shall give prompt written notice thereof to the applicable Mortgage Loan Seller, the Controlling Class
Representative (prior to the occurrence and continuance of a Consultation Termination Event), the other parties hereto, any related
Serviced Companion Loan Holder (if applicable) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant
to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider (to the extent notice has not previously been delivered
to such Persons pursuant to this sentence). If any such Document Defect or Breach materially and adversely affects, or any such
Document Defect is deemed in accordance with Section 2.03(b) of this Agreement to materially and adversely affect, the
value of the related Mortgage Loan, the value of the related Mortgaged Property (or any related REO Property) or the interests
of the Trustee or any Certificateholder in the related Mortgage Loan or the related Mortgaged Property (or any related REO Property)
or causes any Mortgage Loan to fail to be a Qualified Mortgage, then such Document Defect shall, subject to Section 2.03(b),
constitute a “Material Document Defect” or such Breach shall constitute a “Material Breach”,
as the case may be. The Enforcing

 

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Servicer shall determine, with respect to any affected Mortgage Loan or REO Mortgage Loan, whether
a Document Defect is a Material Document Defect or a Breach is a Material Breach. If such Document Defect or Breach has been determined
to be a Material Defect, then the Enforcing Servicer shall give prompt written notice to the other parties hereto, the Controlling
Class Representative (prior to the occurrence and continuance of a Consultation Termination Event), and the applicable Mortgage
Loan Seller (and in the case of the Mortgage Loans sold to the Depositor by [sponsor],
with simultaneous notice to and demand on [sponsor guarantor], as guarantor of
certain of [sponsor]’s obligations under the [sponsor]
Mortgage Loan Purchase Agreement, pursuant to the [sponsor guarantor] Guaranty)
(a) notifying such parties of the existence of such Material Defect and (b) demanding that the applicable Mortgage Loan Seller,
not later than 90 days from the earlier of the applicable Mortgage Loan Seller’s (x) discovery of, and (y) receipt of notice
of, and receipt of a demand to take action with respect to, such Material Defect (or, in the case of a Material Defect relating
to a Mortgage Loan not being a Qualified Mortgage, not later than 90 days from any party discovering such Material Defect), cure
the same in all material respects (which cure shall include payment of losses and any Additional Trust Fund Expenses associated
therewith (including, if applicable, the amount of any fees of the Asset Representations Reviewer payable pursuant to the related
Mortgage Loan Purchase Agreement attributable to the Asset Review of such Mortgage Loan)) or, if such Material Defect cannot be
cured within such 90 day period, either (before the end of such 90-day period) (i) repurchase the affected Mortgage Loan or any
related REO Property (or the Trust’s interest therein with respect to any Outside Serviced Mortgage Loan) at the applicable
Purchase Price by wire transfer of immediately available funds to the Collection Account or (ii) substitute a Qualified Substitute
Mortgage Loan for such affected Mortgage Loan (provided that in no event shall any such substitution occur on or after
the second anniversary of the Closing Date) and pay the Master Servicer for deposit into the Collection Account, any Substitution
Shortfall Amount in connection therewith, all in conformity with the applicable Mortgage Loan Purchase Agreement and this Agreement;
provided, however, that if (i) such Material Defect is capable of being cured but not within such 90 day period,
(ii) such Material Defect is not related to any Mortgage Loan’s not being a Qualified Mortgage and (iii) the applicable
Mortgage Loan Seller has commenced and is diligently proceeding with the cure of such Material Defect within such 90 day period,
then such Mortgage Loan Seller shall have an additional 90 days to complete such cure or, in the event of a failure to so cure,
to complete such repurchase or substitution (it being understood and agreed that, in connection with such Mortgage Loan Seller’s
receiving such additional 90 day period, such Mortgage Loan Seller shall deliver an Officer’s Certificate to the Trustee,
the Master Servicer, the Special Servicer and the Certificate Administrator setting forth the reasons such Material Defect is
not capable of being cured within the initial 90 day period and what actions such Mortgage Loan Seller is pursuing in connection
with the cure thereof and stating that such Mortgage Loan Seller anticipates that such Material Defect will be cured within such
additional 90 day period); and provided, further, that, if any such Material Defect is still not cured after the
initial 90 day period and any such additional 90 day period solely due to the failure of such Mortgage Loan Seller to have received
the recorded document, then such Mortgage Loan Seller shall be entitled to continue to defer its cure, repurchase and/or substitution
obligations in respect of such Material Defect so long as such Mortgage Loan Seller certifies to the Trustee, the Master Servicer,
the Special Servicer and the Certificate Administrator every 30 days thereafter that the Material Defect is still in effect solely
because of its failure to have received the recorded

 

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document and that such Mortgage Loan Seller is diligently pursuing the cure
of such defect (specifying the actions being taken), except that no such deferral of cure, repurchase or substitution may continue
beyond the date that is 18 months following the Closing Date. If the affected Mortgage Loan is to be repurchased, the Master Servicer
shall designate the Collection Account as the account to which funds in the amount of the Purchase Price are to be wired. If the
affected Mortgage Loan is to be substituted for, the Master Servicer shall designate the Collection Account as the account to
which funds in the amount of the Substitution Shortfall Amount are to be wired. Any such repurchase or substitution of a Mortgage
Loan shall be on a whole loan, servicing released basis. Monthly Payments due with respect to each Qualified Substitute Mortgage
Loan (if any) after the related Due Date in the month of substitution, and Monthly Payments due with respect to each Mortgage
Loan being repurchased or replaced after the related Cut-Off Date and received by the Master Servicer or the Special Servicer
on behalf of the Trust on or prior to the related date of repurchase or substitution, shall be part of the Trust Fund. Monthly
Payments due with respect to each Qualified Substitute Mortgage Loan (if any) on or prior to the related Due Date in the month
of substitution, and Monthly Payments due with respect to each Mortgage Loan being repurchased or replaced and received by the
Master Servicer or the Special Servicer on behalf of the Trust after the related date of repurchase or substitution, shall not
be part of the Trust Fund and are to be remitted by the Master Servicer to the Mortgage Loan Seller effecting the related repurchase
or substitution promptly following receipt. From and after the date of substitution, each Qualified Substitute Mortgage Loan,
if any, that has been substituted shall be deemed to constitute a “Mortgage Loan” hereunder for all purposes. No mortgage
loan may be substituted for a Defective Mortgage Loan as contemplated by this Section 2.03(a) if the Mortgage Loan to be
replaced was itself a Qualified Substitute Mortgage Loan that had replaced a prior Mortgage Loan, in which case, absent a cure
(including by the making of a Loss of Value Payment pursuant to the following paragraph) of the relevant Material Defect, the
affected Mortgage Loan will be required to be repurchased.

 

Notwithstanding
the foregoing, with respect to any Material Defect or other matter relating to the Trust Subordinate Companion Loan which (i)
causes the Trust Subordinate Companion Loan not to be a “qualified mortgage” (within the meaning of Section 860G(a)(3)
of the Code, but without regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective Trust Subordinate
Companion Loan to be treated as a qualified mortgage) or (ii) would otherwise cause any Trust REMIC to fail to qualify as a REMIC,
or result in the imposition of any tax on any Trust REMIC, following 90 days after (x) the applicable Mortgage Loan Seller’s
discovery of such Material Defect or (y) discovery of such Material Defect by any other party, provided that the related Mortgage
Loan Seller receives prompt written notice thereof, if the same is not cured, then (i) the Custodian shall, upon receipt of a
Request for Release from the Master Servicer, release or cause to be released to the Subordinate Loan-Specific Directing Certificateholder
or any designee thereof, the Mortgage Note for the Trust Subordinate Companion Loan and the Custodian or the Trustee shall execute
all assignments, endorsements and other instruments furnished to it by the Subordinate Loan-Specific Directing Certificateholder
as shall be necessary to effectuate transfer of such Mortgage Note, (ii) the [LOAN-SPECIFIC] Trust Subordinate Companion Loan
REMIC shall be liquidated in accordance with the procedures set forth in Section 9.01 and (iii) neither of the Master Servicer
nor the Special Servicer shall have any further obligation to service the Trust Subordinate Companion Loan hereunder

 

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Notwithstanding
the foregoing provisions of this Section 2.03(a), in lieu of the related Mortgage Loan Seller performing its obligations
with respect to any Material Defect as set forth in the preceding paragraph, to the extent that such Mortgage Loan Seller and
the Enforcing Servicer (subject to the consent of the Controlling Class Representative so long as no Control Termination Event
has occurred and is continuing and other than with respect to an Excluded Mortgage Loan), are able to agree upon a cash payment
payable by such Mortgage Loan Seller to the Trust that would be deemed sufficient to compensate the Trust for such Material Defect
(a “Loss of Value Payment”), such Mortgage Loan Seller may elect, in its sole discretion, to pay such Loss
of Value Payment to the Trust, and the amount of such Loss of Value Payment shall be deposited into the Loss of Value Reserve
Fund to be applied in accordance with Section 3.06(c) of this Agreement; provided that a Material Defect as a result
of a Mortgage Loan not constituting a Qualified Mortgage may not be cured by a Loss of Value Payment. If the Enforcing Servicer
is the Special Servicer, then in connection with the Special Servicer’s reaching an agreement with a Mortgage Loan Seller
as to a Loss of Value Payment, the Master Servicer shall, upon the Special Servicer’s request, promptly provide the Special
Servicer with a copy of the Servicing File for such Mortgage Loan and any other information relating to such Mortgage Loan and
reasonably requested by the Special Servicer. Any agreement by the Special Servicer with a Mortgage Loan Seller as to any Loss
of Value Payment with respect to a Specially Serviced Loan shall be subject to the consent of the Controlling Class Representative
(so long as no Control Termination Event has occurred and is continuing and other than with respect to an Excluded Mortgage Loan).
The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Special Servicer in respect of such
Loss of Value Payment and the portion of fees of the Asset Representations Reviewer attributable to any Asset Review of such Mortgage
Loan. Upon its making a Loss of Value Payment, the related Mortgage Loan Seller shall be deemed to have cured the subject Material
Defect in all respects. Provided that such Loss of Value Payment is made, this paragraph describes the sole remedy available to
the Certificateholders or the Trust regarding any such Material Defect in respect of which such Loss of Value Payment is accepted,
and the related Mortgage Loan Seller shall not be obligated to repurchase or replace the affected Mortgage Loan or otherwise cure
such Material Defect. This paragraph is intended to apply only to a mutual agreement or settlement between the applicable Mortgage
Loan Seller and the Enforcing Servicer, provided that, prior to any such agreement or settlement, nothing in this paragraph
shall preclude the Mortgage Loan Seller or the Enforcing Servicer, as applicable, from exercising any of its rights related to
a Material Defect in the manner and within the time frames set forth in the related Mortgage Loan Purchase Agreement or this Section
2.03 (excluding this paragraph) (including any right to cure, repurchase or substitute for such Mortgage Loan).

 

If
(x) a Mortgage Loan is to be repurchased or replaced as described above (a “Defective Mortgage Loan”), (y) such Defective
Mortgage Loan is part of a Cross-Collateralized Group and (z) the applicable Document Defect or Breach does not constitute a Material
Defect as to the other Mortgage Loan(s) that are a part of such Cross-Collateralized Group (the “Other Crossed Loans”)
(without regard to this paragraph), then the applicable Document Defect or Breach (as the case may be) shall be deemed to constitute
a Material Defect as to each such Other Crossed Loan for purposes of the above provisions, and the related Mortgage Loan Seller
shall be obligated to repurchase or replace each such Other Crossed Loan in accordance with the provisions above unless, in the
case of such Breach or Document Defect, as applicable:

 

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(A)       the
related Mortgage Loan Seller (at its expense) delivers or causes to be delivered to the Trustee, the Master Servicer and the Special
Servicer an Opinion of Counsel to the effect that such Mortgage Loan Seller’s repurchase or replacement of only the Mortgage
Loan(s) as to which a Material Defect has actually occurred without regard to the provisions of this paragraph (the “Affected
Loan(s)”) and the operation of the remaining provisions of this Section 2.03(a) (i) will not cause either Trust
REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of
subchapter J of the Code for federal income tax purposes at any time that any Certificate is outstanding and (ii) will not result
in the imposition of a tax upon either Trust REMIC or the Trust Fund (including but not limited to the tax on “prohibited
transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section
860G(d) of the Code); and

 

(B)       each
of the following conditions would be satisfied if the related Mortgage Loan Seller were to repurchase or replace only the Affected
Loans and not the Other Crossed Loans:

 

(1)       the
debt service coverage ratio for such Other Crossed Loan(s) (excluding the Affected Loan(s)) for the four calendar quarters immediately
preceding the repurchase or replacement is not less than the lesser of (A) 0.10x below the debt service coverage ratio for the
Cross-Collateralized Group (including the Affected Loan(s)) set forth in Annex A to the Prospectus and (B) the debt service
coverage ratio for the Cross-Collateralized Group (including the Affected Loan(s)) for the four preceding calendar quarters preceding
the repurchase or replacement;

 

(2)       the
loan-to-value ratio for the Other Crossed Loans (excluding the Affected Loan(s)) is not greater than the greatest of (A) the loan-to-value
ratio, expressed as a whole number percentage (taken to one decimal place), for the Cross-Collateralized Group (including the
Affected Loan(s)) set forth in Annex A to the Prospectus plus 10%, (B) the loan-to-value ratio, expressed as a whole
number percentage (taken to one decimal place), for the Cross-Collateralized Group (including the Affected Loan(s)) at the time
of repurchase or replacement and (C) 75%; and

 

(3)       (x)
the cross-collateralization between the Affected Loan(s) and the Other Crossed Loans has been terminated and (y) the Loan Documents
evidencing and securing the relevant Mortgage Loans have been modified in a manner that complies with the related Mortgage Loan
Purchase Agreement and this Agreement and that removes any threat of impairment of the ability to exercise remedies against the
Primary Collateral of the other Mortgage Loans in the Cross-Collateralized Group as a result of the exercise of remedies against
the Primary Collateral of any Mortgage Loan in the Cross-Collateralized Group.

 

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The
determination of the Enforcing Servicer as to whether the conditions set forth above have been satisfied shall be conclusive and
binding in the absence of manifest error on the Certificateholders, other parties to this Agreement and the related Mortgage Loan
Seller. The Enforcing Servicer will be entitled to cause to be delivered, or direct the related Mortgage Loan Seller to cause
to be delivered, to the Enforcing Servicer an Appraisal of any or all of the related Mortgaged Properties for purposes of determining
whether the condition set forth in clause (B)(2) above has been satisfied, in each case at the expense of the related Mortgage
Loan Seller if the scope and cost of the Appraisal is approved by the related Mortgage Loan Seller and, prior to the occurrence
and continuance of a Control Termination Event, the Controlling Class Representative (such approval not to be unreasonably withheld
in each case).

 

Any
reserve or other cash collateral or letters of credit securing any of the Mortgage Loans that form a Cross-Collateralized Group
shall be allocated between such Mortgage Loans in accordance with the related Loan Documents, or otherwise on a pro rata
basis based upon their outstanding Stated Principal Balances. All other terms of the related Mortgage Loans shall remain in full
force and effect, without any modification thereof. The provisions of this paragraph shall be binding on all future holders of
each Mortgage Loan that forms part of a Cross-Collateralized Group.

 

Pursuant
to each Mortgage Loan Purchase Agreement, if there is a Material Defect with respect to one or more Mortgaged Properties securing
a Mortgage Loan, the related Mortgage Loan Seller shall not be obligated to repurchase the Mortgage Loan if (i) the affected Mortgaged
Property(ies) may be released pursuant to the terms of any partial release provisions in the related Loan Documents (and such
Mortgaged Property(ies) is, in fact, released), (ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set
forth in the related Loan Documents and the related Mortgage Loan Seller provides an opinion of counsel to the effect that such
release would not (A) cause any Trust REMIC to fail to qualify as a REMIC or (B) result in the imposition of a tax upon any Trust
REMIC or the Trust and (iii) each Rating Agency has provided a Rating Agency Confirmation.

 

To
the extent necessary and appropriate, the Master Servicer or Special Servicer, as applicable, shall execute (pursuant to a limited
power of attorney provided by the Trustee that enables the Master Servicer or Special Servicer, as applicable, to execute) the
modification of the Loan Documents that complies with the applicable Mortgage Loan Purchase Agreement to remove the threat of
impairment of the ability of the Mortgage Loan Seller or the Trust Fund to exercise its remedies with respect to the Primary Collateral
securing the Mortgage Loan(s) held by such party resulting from the exercise of remedies by the other such party; provided
that the Trustee shall not be liable for any misuse of any such power of attorney by the Master Servicer or Special Servicer,
as applicable, or any of its agents or subcontractors. The Master Servicer shall advance all costs and expenses incurred by the
Trustee, the Special Servicer and the Master Servicer with respect to any Cross-Collateralized Group pursuant to this paragraph
and the first, second and third preceding paragraphs, and such advances and interest thereon shall (i) constitute and be reimbursable
as Property Advances and (ii) be included in the calculation of Purchase Price for the Affected Loan(s) to be repurchased or replaced.
Neither the Master Servicer nor the Special Servicer shall be liable to any Certificateholder or any other party hereto if a modification
of the Loan Documents described above cannot be effected for any reason beyond the control of the Master Servicer or the Special
Servicer or should not be effected as determined

 

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by the Master Servicer or Special Servicer, as applicable, in accordance with
the Servicing Standard.

 

If
the Master Servicer, the Special Servicer or the Depositor receives a Repurchase Communication of a withdrawal of a Repurchase
Request of which notice has been previously received or given and which withdrawal is by the Person making such Repurchase Request
(a “Repurchase Request Withdrawal”), such party shall give written notice of such Repurchase Request Withdrawal
to the applicable Mortgage Loan Seller, the other parties hereto, the Controlling Class Representative (prior to the occurrence
and continuance of a Consultation Termination Event), any Serviced Companion Loan Holder (if applicable) and, for posting to the
Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information
Provider (to the extent notice has not previously been delivered to such Persons pursuant to this sentence). If the Master Servicer
or the Special Servicer receives a Repurchase Communication that any Mortgage Loan (or Trust Subordinate Companion Loan, as applicable)
that was subject of a Repurchase Request has been repurchased or replaced (a “Repurchase”), or that such Repurchase
Request has been rejected (a “Repurchase Request Rejection”), then the Master Servicer or the Special Servicer,
as applicable, shall (in accordance with the following paragraph) give written notice of such Repurchase or Repurchase Request
Rejection to the other such party, the Depositor, the applicable Mortgage Loan Seller (unless it is the entity that has repurchased
or replaced the subject Mortgage Loan or rejected such Repurchase Request), and the Certificate Administrator (in each case unless
the proposed recipient is the party that notified the Master Servicer or the Special Servicer, as applicable, thereof).

 

Each
notice of a Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection required to be given
by a party pursuant to this Section 2.03(a) (each, a “Rule 15Ga-1 Notice”) shall be given no later than
ten (10) Business Days after receipt of a Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal,
Repurchase or Repurchase Request Rejection, as applicable, and shall include (i) the identity of the related Mortgage Loan and
the Person making the Repurchase Request, (ii) the date that the Repurchase Communication regarding the Repurchase Request, Repurchase
Request Withdrawal, Repurchase or Repurchase Request Rejection was received, as applicable, (iii) if known, the basis for the
Repurchase Request (as asserted in the Repurchase Request) and (iv) in the case of Rule 15Ga-1 Notices provided by the Special
Servicer with respect to a Repurchase Request, a statement as to whether the Special Servicer currently plans to pursue such Repurchase
Request.

 

If
the Trustee, the Certificate Administrator, the Master Servicer, the Operating Advisor, the Asset Representations Reviewer or
the Custodian receives a Repurchase Communication of a Repurchase Request, a Repurchase Request Withdrawal, a Repurchase or a
Repurchase Request Rejection, then such party shall promptly forward such Repurchase Communication of such Repurchase Request,
Repurchase Request Withdrawal, Repurchase or Repurchase Request Rejection to the Special Servicer and, prior to the occurrence
and continuance of a Consultation Termination Event, the Controlling Class Representative, and include the following statement
in the related correspondence: “This is a Repurchase Communication regarding [a “Repurchase Request”] [a “Repurchase
Request Withdrawal”] [a “Repurchase”] [a “Repurchase Request Rejection”] under Section 2.03(a) of
the Pooling and

 

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Servicing Agreement relating to the [trust name], Commercial Mortgage
Pass-Through Certificates, [series designation], requiring action by you as the
recipient of such [Repurchase Request] [Repurchase Request Withdrawal] [Repurchase] [Repurchase Request Rejection] thereunder”.
Upon receipt of any Repurchase Communication of a Repurchase Request, Repurchase Request Withdrawal, Repurchase or Repurchase
Request Rejection by the Special Servicer pursuant to the foregoing provisions of this paragraph, the Special Servicer shall be
deemed to be the recipient of such Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal, Repurchase
or Repurchase Request Rejection, and the Special Servicer shall comply with the notice procedures set forth in the preceding paragraphs
of this Section 2.03(a) with respect to such Repurchase Communication of such Repurchase Request, Repurchase Request Withdrawal,
Repurchase or Repurchase Request Rejection.

 

No
Person that is required to provide a Rule 15Ga-1 Notice pursuant to this Section 2.03(a) (a “Rule 15Ga-1 Notice
Provider”) shall be required to provide any information in a Rule 15Ga-1 Notice protected by the attorney-client privilege
or attorney work product doctrines. Each Mortgage Loan Purchase Agreement will provide that (i) any Rule 15Ga-1 Notice provided
pursuant to this Section 2.03(a) is so provided only to assist the related Mortgage Loan Seller, the Depositor and their
respective Affiliates to comply with Rule 15Ga-1, Items 1104 and 1121 of Regulation AB and any other requirement of law or regulation
and (ii)(A) no action taken by, or inaction of, a Rule 15Ga-1 Notice Provider and (B) no information provided pursuant to this
Section 2.03(a) by a Rule 15Ga-1 Notice Provider in a Rule 15Ga-1 Notice shall be deemed to constitute a waiver or defense
to the exercise of any legal right the Rule 15Ga-1 Notice Provider may have with respect to the related Mortgage Loan Purchase
Agreement, including with respect to any Repurchase Request that is the subject of a Rule 15Ga-1 Notice.

 

On
or before the Closing Date, the Depositor shall deliver to the Master Servicer a copy of each Mortgage Loan Purchase Agreement,
the [sponsor guarantor] Guaranty, which the Master Servicer shall provide to each
Sub-Servicer.

 

(b)       Subject
to the applicable Mortgage Loan Seller’s right to cure as contemplated in this Section 2.03, and further subject
to Section 2.01(b) and Section 2.01(c) of this Agreement, failure of such Mortgage Loan Seller to deliver the documents
referred to in clauses (1), (2), (7), (8) and (18) in the definition of “Mortgage File” in accordance with this Agreement
and the applicable Mortgage Loan Purchase Agreement for any Mortgage Loan shall be deemed a Material Document Defect; provided,
however, that no Document Defect (except a deemed Material Document Defect described above) shall be considered to be a
Material Document Defect unless the document with respect to which the Document Defect exists is required in connection with an
imminent enforcement of the lender’s rights or remedies under the related Mortgage Loan, defending any claim asserted by
any Mortgagor or third party with respect to the Mortgage Loan, establishing the validity or priority of any lien on any collateral
securing the Mortgage Loan or for any immediate significant servicing obligation.

 

Notwithstanding
any provision of this Agreement, if a Mortgage Loan is not secured by a Mortgaged Property that is, in whole or in part, a [hotel,
restaurant (operated by a Mortgagor), healthcare facility, nursing home, assisted living facility, self-storage facility,

 

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theater
or fitness center (operated by a Mortgagor)], then the failure to deliver copies of the UCC financing statements with respect
to such Mortgage Loan shall not be a Material Defect.

 

(c)       In
connection with any repurchase of, or substitution of a Qualified Substitute Mortgage Loan for, a Mortgage Loan or a Trust Subordinate
Companion Loan pursuant to this Section 2.03, the Trustee, the Certificate Administrator, the Custodian, the Master Servicer
and the Special Servicer shall each tender to the applicable repurchasing entity, upon delivery to each of them of a receipt executed
by the applicable repurchasing entity evidencing such repurchase or substitution, all portions of the Mortgage File and other
documents (including, without limitation, the Servicing File), and all Escrow Payments and reserve funds, pertaining to such Mortgage
Loan or Trust Subordinate Companion Loan possessed by it, and each document that constitutes a part of the Mortgage File shall
be endorsed or assigned to the extent necessary or appropriate to the applicable Mortgage Loan Seller or its designee in the same
manner, but only if the respective documents have been previously assigned or endorsed to the Trustee, and pursuant to appropriate
forms of assignment, substantially similar to the manner and forms pursuant to which such documents were previously assigned to
the Trustee or as otherwise reasonably requested to effect the retransfer and reconveyance of the Mortgage Loan or Trust Subordinate
Companion Loan and the security thereof to the Mortgage Loan Seller or its designee; provided that such tender by the Trustee,
the Certificate Administrator and/or the Custodian shall be conditioned upon its receipt from the Master Servicer of a Request
for Release and an Officer’s Certificate to the effect that the requirements for repurchase or substitution have been satisfied.
The Master Servicer shall, and is hereby authorized and empowered by the Trustee to, prepare, execute and deliver in its own name,
on behalf of the Certificateholders and the Trustee or any of them, the endorsements and assignments contemplated by this Section
2.03(c), and such other instruments as may be necessary or appropriate to transfer title to an REO Property (including with
respect to an Outside Serviced Mortgage Loan) in connection with the repurchase of, or substitution for, an REO Mortgage Loan
and the Trustee shall execute and deliver any powers of attorney necessary to permit the Master Servicer to do so; provided,
however, that the Trustee shall not be held liable for any misuse of any such power of attorney by the Master Servicer
or any of its agents or subcontractors. The parties to this Agreement acknowledge that the related Mortgage Loan Purchase Agreement
provides that in the event a Qualified Substitute Mortgage Loan is substituted for a Defective Mortgage Loan by the related Mortgage
Loan Seller as contemplated by this Section 2.03, the related Mortgage Loan Seller will be required to deliver to the Custodian
the related Mortgage File and to the Master Servicer all Escrow Payments and reserve funds pertaining to such Qualified Substitute
Mortgage Loan possessed by it and a certification to the effect that such Qualified Substitute Mortgage Loan satisfies all of
the requirements of the definition of “Qualified Substitute Mortgage Loan” in this Agreement.

 

The
parties to this Agreement acknowledge that the related Mortgage Loan Purchase Agreement provides that if any Mortgage Loan is
to be repurchased or replaced as contemplated by this Section 2.03, the related Mortgage Loan Seller will be required to
amend the Mortgage Loan Schedule (as such term is defined in the related Mortgage Loan Purchase Agreement) to reflect the removal
of any deleted Mortgage Loan and, if applicable, the substitution of the related Qualified Substitute Mortgage Loan(s) and deliver
or cause the delivery of such amended Mortgage Loan Schedule (as such term is defined in the related Mortgage Loan Purchase Agreement)
to the parties to this Agreement. Upon any substitution of

 

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a Qualified Substitute Mortgage Loan for a deleted Mortgage Loan, such
Qualified Substitute Mortgage Loan shall become part of the Trust Fund and be subject to the terms of this Agreement in all respects.

 

(d)       The
related Mortgage Loan Purchase Agreement and, if applicable, the [sponsor guarantor]
Guaranty provide the sole remedies available to the Certificateholders, or the Trustee on behalf of the Certificateholders, respecting
any Document Defect or Breach with respect to any Mortgage Loan or Trust Subordinate Companion Loan. For purposes of this Agreement,
any purchase, replacement or payment of any Loss of Value Payment by [sponsor guarantor]
pursuant to the [sponsor guarantor] Guaranty of any Mortgage Loan or Trust Subordinate
Companion Loan for which [sponsor] is the related Mortgage Loan Seller shall be
deemed a purchase, replacement or payment of Loss of Value Payment, as applicable, by [sponsor].

 

(e)       [RESERVED]

 

(f)       (i)
In the event an Initial Requesting Certificateholder delivers a written request to a party to this Agreement that a Mortgage Loan
be repurchased by the applicable Mortgage Loan Seller alleging the existence of a Material Defect with respect to such Mortgage
Loan and setting forth the basis for such allegation (a “Certificateholder Repurchase Request”), such party
shall promptly forward that Certificateholder Repurchase Request to the Enforcing Servicer, and the Enforcing Servicer shall promptly
forward that Certificateholder Repurchase Request to the applicable Mortgage Loan Seller and each other party to this Agreement.

 

(ii)       In
the event that any of the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator or
the Operating Advisor (solely in its capacity as operating advisor) determines that a Mortgage Loan should be repurchased or replaced
due to a Material Defect, or has knowledge of a Material Defect with respect to a Mortgage Loan, then such party shall deliver
prompt written notice of such Material Defect to the Enforcing Servicer identifying the applicable Mortgage Loan and setting forth
the basis for such allegation (a “PSA Party Repurchase Request”). Notwithstanding anything to the contrary
in the first sentence of this clause (ii) or any other provision of this Agreement, the Trustee may, but is not obligated
to, make a determination that a Mortgage Loan should be repurchased or replaced due to a Material Defect. The Enforcing Servicer
shall promptly forward such PSA Party Repurchase Request to the applicable Mortgage Loan Seller and each other party to this Agreement.
Subject to subsections (g), (h), (i), (j) and (k) of this Section 2.03, the Enforcing Servicer shall act as the Enforcing
Party and enforce the rights of the Trust against the related Mortgage Loan Seller with respect to each Repurchase Request. The
Enforcing Servicer shall enforce the obligations of the Mortgage Loan Sellers under the Mortgage Loan Purchase Agreements (including,
without limitation, obligations resulting from a Material Defect) pursuant to the terms of this Agreement and the Mortgage Loan
Purchase Agreements. Subject to the provisions of the applicable Mortgage Loan Purchase Agreement and this Agreement, such enforcement,
including, without limitation, the legal prosecution of claims, if any, shall be carried out in such form, to such extent and
at such time as the Enforcing Servicer would require were it, in its individual capacity, the owner of the affected

 

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Mortgage Loan,
and in accordance with the Servicing Standard. Any costs incurred by the Enforcing Servicer with respect to the enforcement of
the obligations of a Mortgage Loan Seller under the applicable Mortgage Loan Purchase Agreement shall be deemed to be Property
Advances, to the extent not recovered from the Mortgage Loan Seller or the applicable Requesting Certificateholder and/or Consultation
Requesting Certificateholder.

 

(iii)       In
the event the Repurchase Request is not Resolved within 180 days after the Mortgage Loan Seller receives the Repurchase Request
(a “Resolution Failure”), then the provisions described in Section 2.03(g) below shall apply. Receipt
of the Repurchase Request shall be deemed to occur [two (2)] Business Days after the Repurchase Request is sent to the related
Mortgage Loan Seller in a commercially reasonable manner. The fact that a Repurchase Request has been Resolved pursuant to clause
(vi) of the definition of “Resolved” shall not preclude the Enforcing Servicer from exercising any of its rights related
to a Material Defect in the manner and timing otherwise set forth in this Agreement, in the related Mortgage Loan Purchase Agreement
or as provided by law.

 

(g)       (i)
After a Resolution Failure occurs with respect to a Repurchase Request regarding a Mortgage Loan (whether the Repurchase Request
was initiated by an Initial Requesting Certificateholder or by a party to this Agreement), the Enforcing Servicer shall send a
notice (a “Proposed Course of Action Notice”) to the Initial Requesting Certificateholder, if any, to the address
specified in the Initial Requesting Certificateholder’s Repurchase Request, and to the Certificate Administrator who shall
make such notice available to all other Certificateholders and Certificate Owners by posting such notice on the Certificate Administrator’s
Website indicating the Enforcing Servicer’s intended course of action with respect to the Repurchase Request. If (a) the
Enforcing Servicer’s intended course of action with respect to the Repurchase Request does not involve pursuing further
action to exercise rights against the applicable Mortgage Loan Seller with respect to the Repurchase Request, or (b) the Enforcing
Servicer’s intended course of action is to pursue further action to exercise rights against the related Mortgage Loan Seller
with respect to the Repurchase Request but a Requesting Certificateholder does not agree with the course of action selected by
the Enforcing Servicer and, in the case of clause (a) or (b), a Requesting Certificateholder wishes to exercise its right to refer
the matter to mediation (including non-binding arbitration) or arbitration, if any, then a Requesting Certificateholder may deliver
to the Enforcing Servicer a written notice (a “Preliminary Dispute Resolution Election Notice”) within 30 days
from the date the Proposed Course of Action Notice was posted on the Certificate Administrator’s Website (the 30th day following
the date of posting, the “Dispute Resolution Cut-off Date”) indicating its intent to exercise its right to
refer the matter to either mediation (including non-binding arbitration) or arbitration. In addition, any Certificateholder or
Certificate Owner may deliver, prior to the Dispute Resolution Cut-off Date, a written notice (a “Consultation Election
Notice”) requesting the right to participate in any Dispute Resolution Consultation (as defined in clause (iii)
below) that is conducted by the Enforcing Servicer following the Enforcing Servicer’s receipt of a Preliminary Dispute Resolution
Election Notice as provided in clause (iii) below.

 

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(ii)       If
no Requesting Certificateholder delivers a Preliminary Dispute Resolution Election Notice prior to the Dispute Resolution Cut-off
Date, then no Certificateholder or Certificate Owner shall have the right to refer the Repurchase Request to mediation or arbitration,
and the Enforcing Servicer shall be the sole party obligated and entitled to determine a course of action, including, but not
limited to, enforcing the Trust’s rights against the related Mortgage Loan Seller, subject to any consent or consultation
rights of the Directing Holder pursuant to Section 6.09.

 

(iii)       Promptly
and in any event within [ten (10) Business Days] following receipt of a Preliminary Dispute Resolution Election Notice from a
Requesting Certificateholder, the Enforcing Servicer shall consult with each Requesting Certificateholder regarding such Requesting
Certificateholder’s intention to elect either mediation (including non-binding arbitration) or arbitration as the dispute
resolution method with respect to the Repurchase Request, and with any Consultation Requesting Certificateholder (the “Dispute
Resolution Consultation”) so that such Requesting Certificateholder and such Consultation Requesting Certificateholder
may consider the views of the Enforcing Servicer as to the claims underlying the Repurchase Request and possible dispute resolution
methods, such discussions to occur and be completed no later than [ten (10)] Business Days following the Dispute Resolution Cut-off
Date. The Enforcing Servicer shall be entitled to establish procedures the Enforcing Servicer deems to be in accordance with the
Servicing Standard relating to the timing and extent of such consultations. No later than [five (5)] Business Days after completion
of the Dispute Resolution Consultation, a Requesting Certificateholder or a Consultation Requesting Certificateholder may provide
a final notice to the Enforcing Servicer indicating its decision to exercise its right to refer the matter to either mediation
or arbitration (“Final Dispute Resolution Election Notice”).

 

(iv)       If,
following the Dispute Resolution Consultation, no Requesting Certificateholder or Consultation Requesting Certificateholder timely
delivers a Final Dispute Resolution Election Notice to the Enforcing Servicer, then no Certificateholder or Certificate Owner
shall have any further right to refer the Repurchase Request to mediation or arbitration, and the Enforcing Servicer shall be
the sole party obligated and entitled to determine a course of action including, but not limited to, enforcing the Trust’s
rights against the related Mortgage Loan Seller, subject to any consent or consultation rights of the Directing Holder.

 

(v)       If
a Requesting Certificateholder or Consultation Requesting Certificateholder timely delivers a Final Dispute Resolution Election
Notice to the Enforcing Servicer, then such Requesting Certificateholder or Consultation Requesting Certificateholder shall become
the Enforcing Party and must promptly submit the matter to mediation (including non-binding arbitration) or arbitration. If more
than one Requesting Certificateholder or Consultation Requesting Certificateholder timely deliver a Final Dispute Resolution Election
Notice, then such Requesting Certificateholders and/or Consultation Requesting Certificateholders shall collectively become the
Enforcing Party, and the holder or holders of a majority of the Voting Rights among such Requesting Certificateholders and/or
Consultation Requesting Certificateholders shall be entitled to make all decisions relating to such mediation or arbitration (including
whether

 

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to refer the matter to mediation (including non-binding arbitration) or arbitration). If, however, no Requesting Certificateholder
or Consultation Requesting Certificateholder commences arbitration or mediation pursuant to the terms of this Agreement within
[thirty (30)] days after delivery of its Final Dispute Resolution Election Notice to the Enforcing Servicer, then (i) the rights
of any Requesting Certificateholder or Consultation Requesting Certificateholder to act as the Enforcing Party shall terminate
and no Certificateholder or Certificate Owner shall have any further right to elect to refer the matter to mediation or arbitration,
(ii) if the Proposed Course of Action Notice indicated that the Enforcing Servicer will take no further action with respect to
the Repurchase Request, then the related Material Defect shall be deemed waived for all purposes under this Agreement and the
related Mortgage Loan Purchase Agreement, provided, however, that such Material Defect will not be deemed waived with respect
to the Enforcing Servicer to the extent there is a material change from the facts and circumstances known to it at the time when
the Proposed Course of Action Notice was delivered by the Enforcing Servicer, and (iii) if the Proposed Course of Action Notice
had indicated a course of action other than the course of action under clause (ii), then the Enforcing Servicer shall be the sole
party obligated and entitled to determine a course of action including, but not limited to, enforcing the Trust’s rights
against the related Mortgage Loan Seller.

 

(vi)       Notwithstanding
the foregoing, the dispute resolution provisions described above under this Section 2.03(g) shall not apply, and the Enforcing
Servicer shall be the sole party entitled to enforce the Trust’s rights against the related Mortgage Loan Seller, if the
Enforcing Servicer has commenced litigation with respect to the Repurchase Request, or determines in accordance with the Servicing
Standard that it is in the best interest of Certificateholders to commence litigation with respect to the Repurchase Request to
avoid the running of any applicable statute of limitations.

 

(vii)       In
the event a Requesting Certificateholder or Consultation Requesting Certificateholder becomes the Enforcing Party, the Enforcing
Servicer, on behalf of the Trust, shall remain a party to any proceedings against the related Mortgage Loan Seller as further
described herein.

 

(viii)       For
the avoidance of doubt, none of the Depositor, any Mortgage Loan Seller nor any of their respective affiliates shall be entitled
to be a Requesting Certificateholder or Consultation Requesting Certificateholder.

 

(ix)         The
Requesting Certificateholders or Consultation Requesting Certificateholders are entitled to elect either mediation or arbitration
with respect to a Repurchase Request in their sole discretion; provided, however, no Requesting Certificateholder or Consultation
Requesting Certificateholder shall be entitled to then utilize the alternative method in the event that the initial method is
unsuccessful, and no other Certificateholder or Certificate Owner shall be entitled to elect either arbitration or mediation in
the event a mediation or arbitration is undertaken with respect to such Repurchase Request.

 

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(h)       If
the Enforcing Party selects mediation (including non-binding arbitration), the following provisions shall apply:

 

(i)       The
mediation shall be administered by a nationally recognized mediation organization selected by the applicable Mortgage Loan Seller
within [30] days of receipt of written notice of the Enforcing Party’s selection of mediation (such provider, the “Mediation
Services Provider”) in accordance with published mediation procedures (the “Mediation Rules”) promulgated
by the Mediation Services Provider.

 

(ii)       The
mediator shall be impartial, an attorney admitted to practice in the State of New York and have at least [__] years of experience
in commercial litigation, and if possible, commercial real estate finance or commercial mortgage-backed securitization matters
and who will be appointed from a list of neutrals maintained by Mediation Services Provider. Upon being supplied a list of at
least ten potential qualified mediators by the Mediation Services Provider each party will have the right to exercise two peremptory
challenges within [fourteen (14)] days and to rank the remaining potential mediators in order of preference. The Mediation Services
Provider shall select the mediator from the remaining attorneys on the list respecting the preference choices of the parties to
the extent possible.

 

(iii)       Prior
to accepting an appointment, the mediator must promptly disclose any circumstances likely to create a reasonable inference of
bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

 

(iv)       The
parties shall use commercially reasonable efforts to conduct an organizational conference to begin the mediation within [10] Business
Days of the selection of the mediator and to conclude the mediation within [60] days thereafter.

 

(v)       The
expenses of any mediation shall be allocated among the parties to the mediation including, if applicable, between the Enforcing
Party and the Enforcing Servicer, as mutually agreed by the parties as part of the mediation (any such expenses allocated to the
Enforcing Servicer shall be reimbursed as provided in clause (vi) below).

 

(vi)       Out-of-pocket
costs and expenses of the Enforcing Servicer for mediation or arbitration, to the extent not agreed to be paid by the Enforcing
Party or another party (in the case of mediation) or allocated to the Enforcing Party or another party (in the case of arbitration),
shall be reimbursable as expenses of the Trust Fund payable out of the Collection Account pursuant to Section 3.06(a) of
this Agreement.

 

(i)       If
the Enforcing Party selects third-party arbitration, the following provisions will apply:

 

(i)       The
arbitration shall be administered by a nationally recognized arbitration organization selected by the related Mortgage Loan Seller
within 30 days of receipt of written notice of the Enforcing Party’s selection of third-party arbitration (such provider,
the “Arbitration Services Provider”) in accordance with published arbitration procedures (the “Arbitration
Rules”) promulgated by the Arbitration Services Provider.

 

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(ii)       The
arbitrator shall be impartial, an attorney admitted to practice in the State of New York and have at least [__] years of experience
in commercial litigation, and if possible, commercial real estate finance or commercial mortgage-backed securitization matters
and who will be appointed from a list of neutrals maintained by the Arbitration Services Provider. Upon being supplied a list
of at least ten potential arbitrators by the Arbitration Services Provider each party will have the right to exercise two peremptory
challenges within [14] days and to rank the remaining potential arbitrators in order of preference. The Arbitration Services Provider
will select the arbitrator from the remaining attorneys on the list respecting the preference choices of the parties to the extent
possible.

 

(iii)       Prior
to accepting an appointment, the arbitrator must promptly disclose any circumstances likely to create a reasonable inference of
bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule.

 

(iv)       After
consulting with the parties at an organizational conference held not later than 10 Business Days after its appointment, the arbitrator
shall devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the goal of
expediting the proceeding and completing the arbitration within [120] days. The arbitrator shall have the authority to schedule,
hear, and determine any and all motions, including dispositive and discovery motions, in accordance with the Federal Rules of
Civil Procedure for non-jury matters (the “Rules”) (including summary judgment and other prehearing and post
hearing motions), and will do so by reasoned decision on the motion of any party to the arbitration.

 

(v)       [Notwithstanding
whatever other discovery may be available under the Rules, unless otherwise agreed by the parties, each party to the arbitration
will be presumptively limited to the following discovery in the arbitration: [(A) the parties shall reasonably and in good faith
voluntarily produce to all other parties all documents upon which they intend to rely and all documents they reasonably and in
good faith believe to be relevant to the claims or defenses asserted by any of the parties, (B) party witness depositions (excluding
Rule 30b-6 witnesses), and (C) expert witness depositions,] provided, that the arbitrator shall have the ability to grant the
parties, or either of them, additional discovery to the extent that the arbitrator determines good cause is shown that such additional
discovery is reasonable and necessary.]

 

(vi)       The
arbitrator shall make its final determination no later than [30] days after the conclusion of the hearings and submission of any
post-hearing submissions. The arbitrator shall resolve the dispute in accordance with the terms of the related Mortgage Loan Purchase
Agreement and this Agreement, and may not modify or change those agreements in any way or award remedies not consistent with those
agreements. The arbitrator will not have the power to award punitive damages or consequential damages in any arbitration conducted
by them. Interest on any monetary award shall bear interest from the date of the Final Dispute Resolution Election Notice at the
annual rate of [______]. In its final determination, the arbitrator shall determine and award the costs of the arbitration (including
the fees of the arbitrator, cost of any record or transcript of the arbitration, and administrative fees) and shall award reasonable
attorneys’ fees to the

 

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parties to the arbitration as determined by the arbitrator in its reasonable discretion. The determination
of the arbitrator shall be by a reasoned decision in writing and counterpart copies will be promptly delivered to the parties.
The final determination of the arbitrator shall be final and non-appealable, except for actions to confirm or vacate the determination
permitted under federal or state law, and may be enforced in any court of competent jurisdiction.

 

(vii)       By
selecting arbitration, the Enforcing Party is waiving its right to sue in court, including the right to a trial by jury.

 

(viii)       No
person may bring a putative or certified class action to arbitration.

 

(j)       The
following provisions will apply to both mediation and third-party arbitration:

 

(i)       Any
mediation or arbitration will be held in New York, New York unless another location is agreed by all parties;

 

(ii)       If
the dispute involves a matter that cannot effectively be remedied by the payment of damages, or if there be any dispute relating
to arbitration or the arbitrators that cannot be resolved promptly by the arbitrators or the Arbitration Services Provider, then
any party in such instance may during the pendency of the arbitration proceedings seek temporary equitable remedies, pending the
final decision of the arbitration panel, solely by application in the Southern District of New York if such court shall have subject
matter jurisdiction, or if the Southern District of New York has no jurisdiction, then the Supreme Court of the State of New York
for the County of New York. The arbitration proceedings shall not be stayed unless so ordered by the court.

 

(iii)       The
details and/or existence of any Repurchase Request, any informal meetings, mediations or arbitration proceedings conducted under
this Section 2.03, including all offers, promises, conduct and statements, whether oral or written, made in the course
of the parties’ attempt to informally resolve any Repurchase Request, will be confidential, privileged and inadmissible
for any purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding (including any proceeding
under this Section 2.03). Such information will be kept strictly confidential and shall not be disclosed or shared with
any third party (other than a party’s attorneys, experts, accountants and other agents and representatives, as reasonably
required in connection with any resolution procedure under this Section 2.03), except as otherwise required by law, regulatory
requirement or court order. If any party to a resolution procedure receives a subpoena or other request for information from a
third party (other than a governmental regulatory body) for such confidential information, the recipient shall promptly notify
the other party to the resolution procedure and shall provide the other party with a reasonable opportunity to object to the production
of its confidential information.

 

(iv)       In
the event a Requesting Certificateholder or Consultation Requesting Certificateholder is the Enforcing Party, the agreement with
the arbitrator or mediator, as

 

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the case may be, shall be required to contain an acknowledgment that the Trust, or the Enforcing
Servicer on its behalf, shall be a party to any arbitration or mediation proceedings solely for the purpose of being the beneficiary
of any award in favor of the Enforcing Party; provided that the degree and extent to which the Enforcing Servicer actively prepares
for and participates in such proceeding shall be determined by such Enforcing Servicer in consultation with the Directing Holder
(but, if the Controlling Class Representative is the related Directing Holder, only if no Consultation Termination Event has occurred
and is continuing and only if an Excluded Mortgage Loan is not involved) and in accordance with the Servicing Standard. All amounts
recovered by the Enforcing Party shall be paid to the Trust, or the Enforcing Servicer on its behalf, and deposited in the Collection
Account. The agreement with the arbitrator or mediator, as the case may be, shall provide that in the event a Requesting Certificateholder
or Consultation Requesting Certificateholder is allocated any related costs and expenses pursuant to the terms of the arbitrator’s
decision or the agreement reached in mediation, neither the Trust nor the Enforcing Servicer acting on its behalf shall be responsible
for any such costs and expenses allocated to the Requesting Certificateholder or Consultation Requesting Certificateholder.

 

(v)       In
the event a Requesting Certificateholder or Consultation Requesting Certificateholder is the Enforcing Party, the Requesting Certificateholder
or Consultation Requesting Certificateholder is required to pay any expenses allocated to the Enforcing Party in the arbitration
proceedings or any expenses that the Enforcing Party agrees to bear in the mediation proceedings.

 

(vi)       The
Trust (or the Enforcing Servicer or a trustee, acting on its behalf), the Depositor or any Mortgage Loan Seller shall be permitted
to redact any personally identifiable customer information included in any information provided for purposes of any mediation
or arbitration. Each party to the proceedings shall be required to agree to keep confidential the details related to the Repurchase
Request and the dispute resolution identified in connection with such procedures; provided, however, that (1) the
Certificateholders shall be permitted to communicate prior to the commencement of any such proceedings to the extent provided
in Section 5.07, (2) to the extent that the Enforcing Servicer is required under Section 2.03(a) to provide any
Rule 15Ga-1 Notice in connection with such Repurchase Request, the Enforcing Servicer shall be permitted to include in such Rule
15Ga-1 Notice the information required pursuant to Section 2.03(a) and (3) the applicable Mortgage Loan Seller shall be
permitted to disclose information related to the Repurchase Request to the extent necessary to comply with its obligations under
Rule 15Ga-1 or Item 1104 of Regulation AB.

 

(vii)       For
the avoidance of doubt, in no event shall the exercise of any right of a Requesting Certificateholder or Consultation Requesting
Certificateholder to refer a Repurchase Request to mediation or arbitration or to participate in such mediation or arbitration
affect in any manner the ability of the Special Servicer to perform its obligations with respect to a Specially Serviced Loan
(including without limitation, a liquidation, foreclosure, negotiation of a loan modification or workout, acceptance of a discounted
pay off or deed-in-lieu, or bankruptcy or other litigation) or the exercise of any rights of a Directing Holder.

 

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(viii)       Any
out-of-pocket expenses required to be borne by or allocated to the Enforcing Servicer in a mediation or arbitration shall be reimbursable
as expenses of the Trust Fund payable out of the Collection Account pursuant to Section 3.06(a) of this Agreement.

 

Section
2.04      Representations and Warranties of the Depositor.

 

(a)       The
Depositor hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders and the
Serviced Companion Loan Holders, and to the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer and the Certificate Administrator, as of the Closing Date, that:

 

(i)       The
Depositor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and
is duly qualified as a foreign corporation in good standing in all jurisdictions in which the ownership or lease of its property
or the conduct of its business requires such qualification (except where the failure to qualify would not have a materially adverse
effect on the consummation of any transactions contemplated by this Agreement); the Depositor has taken all necessary corporate
action to authorize the execution, delivery and performance of this Agreement by it, and has the power and authority to execute,
deliver and perform this Agreement and all the transactions contemplated hereby, including, but not limited to, the power and
authority to sell, assign and transfer the Mortgage Loans and the Trust Subordinate Companion Loan in accordance with this Agreement;
the Depositor has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(ii)       Assuming
the due authorization, execution and delivery of this Agreement by each other party hereto, this Agreement and all of the obligations
of the Depositor hereunder are the legal, valid and binding obligations of the Depositor, enforceable against the Depositor in
accordance with the terms of this Agreement, except as such enforcement may be limited by bankruptcy, insolvency, reorganization
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, as to any rights of indemnification hereunder,
by considerations of public policy;

 

(iii)       Neither
the execution and delivery by the Depositor of this Agreement nor the compliance by the Depositor with the provisions hereof,
nor the consummation by the Depositor of the transactions contemplated by this Agreement, will (A) conflict with or result in
a breach of, or constitute a default under, the organizational documents of the Depositor or, after giving effect to the consents
or taking of the actions contemplated by clause (B) of this paragraph (iii), any of the provisions of any law, governmental rule,
regulation, judgment, decree or order binding on the Depositor or its properties, or any of the provisions of any indenture or
agreement or other instrument to which the Depositor is a party or by which it is bound or result in the creation or imposition
of any lien, charge or encumbrance upon any of its properties pursuant to the terms of any such indenture, agreement or other
instrument or (B) require any consent of, notice to, or filing with any

 

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person, entity or governmental body, which has not been
obtained or made by the Depositor, except where, in any of the instances contemplated by clause (A) above or this clause (B),
the failure to do so will not have a material and adverse effect on the consummation of any transactions contemplated by this
Agreement;

 

(iv)       There
is no litigation, charge, investigation, action, suit or proceeding pending or, to the Depositor’s knowledge, threatened
against the Depositor in any court or by or before any other governmental agency or instrumentality the outcome of which could
be reasonably expected to materially and adversely affect the validity of the Mortgage Loans or the Trust Subordinate Companion
Loan or the ability of the Depositor to carry out the transactions contemplated by this Agreement;

 

(v)       The
Depositor is not transferring the Mortgage Loans or the Trust Subordinate Companion Loan to the Trustee with any intent to hinder,
delay or defraud its present or future creditors;

 

(vi)       No
proceedings looking toward merger, liquidation, dissolution or bankruptcy of the Depositor are pending or contemplated;

 

(vii)      Immediately
prior to the transfer of the Mortgage Loans and the Trust Subordinate Companion Loan to the Trustee for the benefit of the Certificateholders
pursuant to this Agreement, the Depositor had such right, title and interest in and to each Mortgage Loan and the Trust Subordinate
Companion Loan as was transferred to it by the related Mortgage Loan Seller pursuant to the related Mortgage Loan Purchase Agreement;

 

(viii)     The
Depositor has not transferred any of its right, title and interest in and to the Mortgage Loans and the Trust Subordinate Companion
Loan (as such was transferred to it by the Mortgage Loan Sellers pursuant to the Mortgage Loan Purchase Agreements) to any Person
other than the Trustee; and

 

(ix)        The
Depositor is transferring all of its right, title and interest in and to the Mortgage Loans and the Trust Subordinate Companion
Loan (as such was transferred to it by the Mortgage Loan Sellers pursuant to the Mortgage Loan Purchase Agreements) to the Trustee
for the benefit of the Certificateholders free and clear of any and all liens, pledges, charges, security interests and other
encumbrances created by or through the Depositor.

 

(b)       The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder or any Serviced Companion Loan Holder) of a breach of
any of the representations and warranties set forth in this Section which materially and adversely affects the interests of any
party to this Agreement, the Certificateholders or any Serviced Companion Loan Holder or the interests of the Master Servicer,
the Special Servicer or the Trustee in any Mortgage Loan, Serviced Loan Combination or the Trust Subordinate Companion Loan, the
party discovering such breach shall give prompt

 

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written notice to the other parties hereto, each Certifying Certificateholder,
the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling
Class Representative.

 

Section
2.05       Representations, Warranties and Covenants of the Master Servicer.

 

(a)       The
Master Servicer hereby represents and warrants to, and covenants with, the Trustee, for its own benefit and the benefit of the
Certificateholders (including, with respect to the Trust AB Loan Combination, the Holders of the Class [loan-specific]
Certificates) and the Serviced Companion Loan Holders, and to and with the Depositor, the Special Servicer, the Asset Representations
Reviewer, the Operating Advisor and the Certificate Administrator, as of the Closing Date, that:

 

(i)       The
Master Servicer is a [_________________], duly organized, validly existing and in good standing under the laws of the [_____________],
and the Master Servicer is in compliance with the laws of each jurisdiction in which a Mortgaged Property is located to the extent
necessary to perform its obligations under this Agreement;

 

(ii)       The
execution and delivery of this Agreement by the Master Servicer, and the performance and compliance with the terms of this Agreement
by the Master Servicer, do not violate the Master Servicer’s organizational documents or constitute a default (or an event
that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement
or other material instrument to which it is a party or that is applicable to it or any of its assets, in each case, which does
or is likely to materially and adversely affect either the ability of the Master Servicer to perform its obligations under this
Agreement or the financial condition of the Master Servicer;

 

(iii)       The
Master Servicer has the full power and authority to enter into and consummate all transactions to be performed by it as contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(iv)       This
Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Master Servicer, enforceable against the Master Servicer in accordance with the terms hereof, subject
to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and other
laws affecting the enforcement of creditors’ (including bank creditors’) rights generally and (B) general principles
of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

 

(v)       The
Master Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with
the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any

 

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order,
regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Master Servicer’s
good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Master Servicer to perform
its obligations under this Agreement or the financial condition of the Master Servicer;

 

(vi)        No
litigation is pending or, to the best of the Master Servicer’s knowledge, threatened against the Master Servicer that would
prohibit the Master Servicer from entering into this Agreement or, in the Master Servicer’s good faith and reasonable judgment,
is likely to materially and adversely affect either the ability of the Master Servicer to perform its obligations under this Agreement
or the financial condition of the Master Servicer;

 

(vii)       Each
officer or employee of the Master Servicer that has responsibilities concerning the servicing and administration of Mortgage Loans
and the Serviced Companion Loans is covered by errors and omissions insurance in the amounts and with the coverage required by
Section 3.08(c) of this Agreement or the Master Servicer self-insures for such errors and omissions coverage in compliance
with the requirements of Section 3.08(c) of this Agreement;

 

(viii)      No
consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Master Servicer of the transactions contemplated by this Agreement, except for
those consents, approvals, authorizations and orders that previously have been obtained and those filings and registrations that
previously have been completed; and

 

(ix)         [To
its actual knowledge, the Master Servicer is not a Risk Retention Affiliate of the Third Party Purchaser [or the Retaining TPP
MOA]]

 

(b)         The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, Holders of
the Class [LOAN-SPECIFIC] Certificates or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special
Servicer or the Trustee in any Mortgage Loan or Serviced Loan Combination, the party discovering such breach shall give prompt
written notice to the other parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders and, prior
to the occurrence and continuance of a Consultation Termination Event, the Directing Holder.

 

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Section
2.06      Representations, Warranties and Covenants of the Special Servicer.

 

(a)       The
Special Servicer hereby represents and warrants to, and covenants with, the Trustee, for its own benefit and the benefit of the
Certificateholders (including, with respect to the Trust AB Loan Combination, the Holders of the Class [loan-specific]
Certificates) and the Serviced Companion Loan Holders, and to and with the Depositor, the Master Servicer, the Asset Representations
Reviewer, the Operating Advisor and the Certificate Administrator, as of the Closing Date, that:

 

(i)       The
Special Servicer is a [___________________], duly organized, validly existing and in good standing under the laws of the State
of [___________], and the Special Servicer is in compliance with the laws of each jurisdiction in which a Mortgaged Property is
located to the extent necessary to perform its obligations under this Agreement;

 

(ii)       The
execution and delivery of this Agreement by the Special Servicer, and the performance and compliance with the terms of this Agreement
by the Special Servicer, do not (A) violate the Special Servicer’s organizational documents or by-laws or (B) constitute
a default (or an event that, with notice or lapse of time, or both, would constitute a default) under, or result in the breach
of, any material agreement or other material instrument to which it is a party or that is applicable to it or any of its assets,
in each case, which does or is likely to materially and adversely affect either the ability of the Special Servicer to perform
its obligations under this Agreement or the financial condition of the Special Servicer;

 

(iii)       The
Special Servicer has the full power and authority to enter into and consummate all transactions to be performed by it as contemplated
by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(iv)       This
Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Special Servicer, enforceable against the Special Servicer in accordance with the terms hereof,
subject to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and
other laws affecting the enforcement of creditors’ (including bank creditors’) rights generally, (B) general principles
of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law and (C) public policy considerations
regarding the enforceability of provisions providing or purporting to provide indemnification or contribution with respect to
violations of securities laws;

 

(v)       The
Special Servicer is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with
the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,
regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in the Special Servicer’s
good faith and reasonable judgment,

 

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is likely to affect materially and adversely either the ability of the Special Servicer to
perform its obligations under this Agreement or the financial condition of the Special Servicer;

 

(vi)       No
litigation is pending or, to the best of the Special Servicer’s knowledge, threatened against the Special Servicer that
would prohibit the Special Servicer from entering into this Agreement or, in the Special Servicer’s good faith and reasonable
judgment, is likely to materially and adversely affect either the ability of the Special Servicer to perform its obligations under
this Agreement or the financial condition of the Special Servicer;

 

(vii)       Each
officer or employee of the Special Servicer that has or, following a transfer of servicing responsibilities to the Special Servicer
pursuant to Section 3.22 of this Agreement, would have, responsibilities concerning the servicing and administration of
Mortgage Loans and Serviced Companion Loans is covered by errors and omissions insurance in the amounts and with the coverage
required by Section 3.08(c) of this Agreement or the Special Servicer self-insures for such errors and omissions coverage
in compliance with the requirements of Section 3.08(c) of this Agreement; and

 

(viii)       No
consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Special Servicer of the transactions contemplated by this Agreement, except for
those consents, approvals, authorizations and orders that previously have been obtained and those filings and registrations that
previously have been completed and except for consents, approvals, authorizations, orders, filings or registrations which are
not required in order for the Special Servicer to enter into this Agreement but may be required (and if so required, will be obtained)
in connection with the Special Servicer’s subsequent performance of this Agreement.

 

(b)       The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, Holders of
the Class [LOAN-SPECIFIC] Certificates or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special
Servicer or the Trustee in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other
parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders and, prior to the occurrence and continuance
of a Consultation Termination Event, the Controlling Class Representative.

 

Section
2.07       Representations and Warranties of the Trustee.

 

(a)       The
Trustee hereby represents and warrants for the benefit of the Certificateholders (including, with respect to the Trust AB Loan
Combination, the Holders of the Class [loan-specific] Certificates), and the Serviced
Companion Loan Holders, and to the

 

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Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer, the
Operating Advisor and the Certificate Administrator, as of the Closing Date, that:

 

(i)       The
Trustee is a [___________________], duly organized, validly existing and in good standing under the laws of the [____________];
the Trustee possesses and shall continue to possess all requisite authority, power, licenses, permits, franchise and approvals
to conduct its business and to execute, deliver and comply with its obligations under this Agreement;

 

(ii)       the
execution and delivery of this Agreement by the Trustee and its performance and compliance with the terms of this Agreement will
not violate the Trustee’s articles of association or by-laws or shareholders’ resolutions 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 contract, agreement or other instrument to which the Trustee is a party or which may be applicable to the Trustee or
any of its assets;

 

(iii)       except
to the extent that the laws of any jurisdiction in which a part of the Trust Fund may be located require that a co-trustee or
separate trustee be appointed to act with respect to such property as contemplated by Section 8.08 of this Agreement, the
Trustee has the full power and authority to enter into and consummate the transactions contemplated by this Agreement, has duly
authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement;

 

(iv)       this
Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding obligation
of the Trustee, enforceable against it in accordance with the terms of this Agreement, except as such enforcement may be limited
by (A) bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating to or affecting
the rights of creditors generally, (B) general principles of equity (regardless of whether such enforcement is considered in a
proceeding in equity or at law) and (C) public policy considerations regarding the enforceability of provisions providing or purporting
to provide indemnification or contribution with respect to violations of securities laws;

 

(v)       the
Trustee is not in violation of, and the execution and delivery of this Agreement by the Trustee and its performance and compliance
with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order,
law or regulation of any federal, state, municipal or governmental agency of or in the United States of America having jurisdiction,
which violation would have consequences that would materially and adversely affect the condition (financial or other) or operations
of the Trustee or its properties or might have consequences that would materially affect the performance of its duties hereunder
or thereunder;

 

(vi)       no
consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Trustee of this Agreement or if required, such
approval has been obtained prior to the Closing Date;

 

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(vii)       no
litigation is pending or, to the best of the Trustee’s knowledge, threatened against the Trustee which would prohibit its
entering into or materially and adversely affect its ability to perform its obligations under this Agreement; and

 

(viii)      [To
its actual knowledge, the Trustee is not a Risk Retention Affiliate of the Third Party Purchaser [or the Retaining TPP MOA]].

 

(b)         The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, Holders of
the Class [LOAN-SPECIFIC] Certificates or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special
Servicer or the Trustee in any Mortgage Loan or Serviced Loan Combination, the party discovering such breach shall give prompt
written notice to the other parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders and, prior
to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative.

 

Section
2.08       Representations and Warranties of the Certificate Administrator.

 

(a)       The
Certificate Administrator hereby represents and warrants to the Trustee, for its own benefit and for the benefit of the Certificateholders
(including, with respect to the Trust AB Loan Combination, the Holders of the Class [loan-specific]
Certificates) and the Serviced Companion Loan Holders, and to the Depositor, the Master Servicer, the Special Servicer, the Asset
Representations Reviewer and the Operating Advisor, as of the Closing Date, that:

 

(i)       The
Certificate Administrator is a [____________________], duly organized, validly existing and in good standing under the laws of
the [____________]; the Certificate Administrator possesses and shall continue to possess all requisite authority, power, licenses,
permits, franchise and approvals to conduct its business and to execute, deliver and comply with its obligations under this Agreement;

 

(ii)       the
execution and delivery of this Agreement by the Certificate Administrator and its performance and compliance with the terms of
this Agreement will not violate the Certificate Administrator’s articles of association or by-laws or shareholders’
resolutions 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 contract, agreement or other instrument to which the Certificate Administrator is a party
or which may be applicable to the Certificate Administrator or any of its assets;

 

(iii)       the
Certificate Administrator has the full power and authority to enter into and consummate the transactions contemplated by this
Agreement, has duly authorized

 

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the execution, delivery and performance of this Agreement, and has duly executed and delivered
this Agreement;

 

(iv)       this
Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid and binding obligation
of the Certificate Administrator, enforceable against it in accordance with the terms of this Agreement, except as such enforcement
may be limited by (A) bankruptcy, insolvency, conservatorship, reorganization, receivership, moratorium or other laws relating
to or affecting the rights of creditors generally (B) general principles of equity (regardless of whether such enforcement is
considered in a proceeding in equity or at law) and (C) public policy considerations regarding the enforceability of provisions
providing or purporting to provide indemnification or contribution with respect to violations of securities laws;

 

(v)       the
Certificate Administrator is not in violation of, and the execution and delivery of this Agreement by the Certificate Administrator
and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order
or decree of any court or any order, law or regulation of any federal, state, municipal or governmental agency of or in the United
States of America having jurisdiction, which violation would have consequences that would materially and adversely affect the
condition (financial or other) or operations of the Certificate Administrator or its properties or might have consequences that
would materially affect the performance of its duties hereunder or thereunder;

 

(vi)       no
consent, approval, authorization or order of, or registration of filing with, or notice to any court, governmental or regulatory
agency or body, is required for the execution, delivery and performance by the Certificate Administrator of this Agreement or
if required, such approval has been obtained prior to the Closing Date;

 

(vii)       no
litigation is pending or, to the best of the Certificate Administrator’s knowledge, threatened against the Certificate Administrator
which would prohibit its entering into or materially and adversely affect its ability to perform its obligations under this Agreement;
and

 

(viii)       [To
its actual knowledge, the Certificate Administrator is not a Risk Retention Affiliate of the Third Party Purchaser [or the Retaining
TPP MOA].]

 

(b)         The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, Holders of
the Class [LOAN-SPECIFIC] Certificates or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special
Servicer or the Certificate Administrator in any Mortgage Loan or Serviced Loan Combination, the party discovering such breach
shall give prompt written notice to the

 

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other parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders
and, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative.

 

Section
2.09      Representations, Warranties and Covenants of the Operating Advisor.

 

(a)       The
Operating Advisor hereby represents and warrants to the Trustee, for its own benefit and the benefit of the Certificateholders
(including, with respect to the Trust AB Loan Combination, the Holders of the Class [loan-specific]
Certificates) and the Serviced Companion Loan Holders, and to the Depositor, the Master Servicer, the Special Servicer, the Asset
Representations Reviewer and the Certificate Administrator, as of the Closing Date, that:

 

(i)       The
Operating Advisor is a [_________________], duly organized, validly existing and in good standing under the laws of the [___________];
and the Operating Advisor is in compliance with the laws of each jurisdiction in which a Mortgaged Property is located to the
extent necessary to perform its obligations under this Agreement;

 

(ii)       The
execution and delivery of this Agreement by the Operating Advisor, and the performance and compliance with the terms of this Agreement
by the Operating Advisor, do not violate the Operating Advisor’s organizational documents or constitute a default (or an
event that, 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 does
or is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this Agreement;

 

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

 

(iv)       This
Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Operating Advisor, enforceable against the Operating Advisor in accordance with the terms hereof,
subject to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization, moratorium and
other laws affecting the enforcement of creditors’ rights generally, (B) general principles of equity, regardless of whether
such enforcement is considered in a proceeding in equity or at law, and (C) public policy considerations regarding the enforceability
of provisions providing or purporting to provide indemnification or contribution with respect to violations of securities laws;

 

(v)       The
Operating Advisor is not in violation of, and its execution and delivery of this Agreement and its performance and compliance
with the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court or arbiter, or any
order, regulation or demand of any federal, state or local governmental or regulatory

 

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authority, which violation, in the Operating
Advisor’s good faith and reasonable judgment, is likely to affect materially and adversely the ability of the Operating
Advisor to perform its obligations under this Agreement;

 

(vi)       No
litigation is pending or, to the best of the Operating Advisor’s knowledge, threatened against the Operating Advisor that
would prohibit the Operating Advisor from entering into this Agreement or, in the Operating Advisor’s good faith and reasonable
judgment, is likely to materially and adversely affect the ability of the Operating Advisor to perform its obligations under this
Agreement;

 

(vii)      The
Operating Advisor has errors and omissions insurance coverage that is in full force and effect, which complies with the requirements
of Section 3.08 hereof;

 

(viii)     The
Operating Advisor is an Eligible Operating Advisor;

 

(ix)       The
Operating Advisor possesses sufficient financial strength to fulfill its duties and responsibilities pursuant to this Agreement
over the life of the Trust Fund; andand

 

(x)        No
consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Operating Advisor of the transactions contemplated by this Agreement, except for
any consent, approval, authorization or order which has not been obtained or cannot be obtained prior to the Closing Date, and
which, if not obtained would not have a materially adverse effect on the ability of the Operating Advisor to perform its obligations
hereunder.

 

(b)       The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of the Certificateholders, Holders of the Class [LOAN-SPECIFIC] Certificates
or any Serviced Companion Loan Holder, the Master Servicer, the Special Servicer or the Trustee in any Mortgage Loan or Serviced
Loan Combination, the party discovering such breach shall give prompt written notice to the other parties hereto, each Certifying
Certificateholder, the Serviced Companion Loan Holders and, prior to the occurrence and continuance of a Consultation Termination
Event, the Controlling Class Representative.

 

Section
2.10       Representations, Warranties and Covenants of the Asset Representations Reviewer.

 

(a)       The
Asset Representations Reviewer hereby represents and warrants to, and covenants with, the Trustee, for its own benefit and the
benefit of the Certificateholders (including, with respect to the Trust AB Loan Combination, the Holders of the Class [loan-specific]
Certificates) and the Serviced Companion Loan Holders, and to and with the

 

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Depositor, Master Servicer, the Special Servicer, the
Operating Advisor and the Certificate Administrator, as of the Closing Date, that:

 

(i)        The
Asset Representations Reviewer is a [_________________], duly organized, validly existing and in good standing under the laws
of the [_____________], and the Asset Representations Reviewer is in compliance with the laws of each jurisdiction in which a
Mortgaged Property is located to the extent necessary to perform its obligations under this Agreement;

 

(ii)       The
execution and delivery of this Agreement by the Asset Representations Reviewer, and the performance and compliance with the terms
of this Agreement by the Asset Representations Reviewer, do not violate the Asset Representations Reviewer’s organizational
documents or constitute a default (or an event that, with notice or lapse of time, or both, would constitute a default) under,
or result in the breach of, any material agreement or other material instrument to which it is a party or that is applicable to
it or any of its assets, in each case, which does or is likely to materially and adversely affect either the ability of the Asset
Representations Reviewer to perform its obligations under this Agreement or the financial condition of the Asset Representations
Reviewer;

 

(iii)       The
Asset Representations Reviewer has the full power and authority to enter into and consummate all transactions to be performed
by it as contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has
duly executed and delivered this Agreement;

 

(iv)       This
Agreement, assuming due authorization, execution and delivery by each of the other parties hereto, constitutes a valid, legal
and binding obligation of the Asset Representations Reviewer, enforceable against the Asset Representations Reviewer in accordance
with the terms hereof, subject to (A) applicable bankruptcy, receivership, insolvency, liquidation, fraudulent transfer, reorganization,
moratorium and other laws affecting the enforcement of creditors’ (including bank creditors’) rights generally and
(B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law;

 

(v)        The
Asset Representations Reviewer is not in violation of, and its execution and delivery of this Agreement and its performance
and compliance with the terms of this Agreement do not constitute a violation of, any law, any order or decree of any court
or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which
violation, in the Asset Representations Reviewer’s good faith and reasonable judgment, is likely to affect materially
and adversely the ability of the Asset Representations Reviewer to perform its obligations under this Agreement or the
financial condition of the Asset Representations Reviewer;

 

(vi)       No
litigation is pending or, to the best of the Asset Representations Reviewer’s knowledge, threatened against the Asset Representations
Reviewer that would prohibit the Asset Representations Reviewer from entering into this Agreement or, in the Asset Representations
Reviewer’s good faith and reasonable judgment, is likely to materially and adversely affect either the ability of the Asset
Representations Reviewer to

 

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perform its obligations under this Agreement or the financial condition of the Asset Representations
Reviewer;

 

(vii)      The
Asset Representations Reviewer has errors and omissions insurance coverage that is in full force and effect, which complies with
the requirements of Section 3.08 hereof;

 

(viii)     The
Asset Representations Reviewer is an Eligible Asset Representations Reviewer; and

 

(ix)       No
consent, approval, authorization or order of, or filing or registration with, any state or federal court or governmental agency
or body is required for the consummation by the Asset Representations Reviewer of the transactions contemplated by this Agreement,
except for those consents, approvals, authorizations and orders that previously have been obtained and those filings and registrations
that previously have been completed.

 

(b)       The
representations and warranties set forth in paragraph (a) above shall survive the execution and delivery of this Agreement. Upon
discovery by the Depositor, the Master Servicer, the Special Servicer or a Responsible Officer of the Trustee or the Certificate
Administrator (or upon written notice thereof from any Certificateholder, any Holder of the Class [loan-specific]
Certificates or any Serviced Companion Loan Holder) of a breach of any of the representations and warranties set forth in this
Section which materially and adversely affects the interests of any party to this Agreement, the Certificateholders, Holders of
the Class [LOAN-SPECIFIC] Certificates or any Serviced Companion Loan Holder or the interests of the Master Servicer, the Special
Servicer or the Trustee in any Mortgage Loan or Serviced Loan Combination, the party discovering such breach shall give prompt
written notice to the other parties hereto, each Certifying Certificateholder, the Serviced Companion Loan Holders and, prior
to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative.

 

Section
2.11      Execution and Delivery of Certificates; Issuance of Lower-Tier Regular Interests.

 

(a)       The
Trustee hereby acknowledges the assignment to it of the Mortgage Loans and the Trust Subordinate Companion Loan and, subject to
Sections 2.01 and 2.02 of this Agreement, the delivery to the Custodian of the Mortgage Files and a fully executed
original counterpart of each of the Mortgage Loan Purchase Agreements, together with the assignment to it of all of the other
assets included in the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC, the Lower-Tier REMIC and the Grantor Trust. Concurrently
with such assignment and delivery, and in exchange for the Mortgage Loans (other than Excess Interest) and the Trust Subordinate
Companion Loan and the other assets comprising the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC and the Lower-Tier REMIC,
receipt of which is hereby acknowledged, the Trustee (i) acknowledges the issuance of the Class [LOAN-SPECIFIC] Certificates and
the [LOAN-SPECIFIC]-R Interest to the Depositor in exchange for the assets comprising the [LOAN-SPECIFIC] Trust Subordinate Companion
Loan REMIC; (ii) acknowledges the issuance of the Lower-Tier Regular Interests and the Class [LR] Interest to the

 

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Depositor; (iii)
acknowledges the creation of the Grantor Trust; (iv) acknowledges the contribution by the Depositor of the Lower-Tier Regular
Interests to the Upper-Tier REMIC; and (v) immediately thereafter, in exchange for the Lower-Tier Regular Interests (and together
with, in the case of the Class [LOAN-SPECIFIC] Certificates, the Depositor’s interest in the [LOAN-SPECIFIC] Trust Subordinate
Companion Loan REMIC and, in the case of the Class [ARD] Certificates, the Depositor’s interest in the Grantor Trust), the
Trustee acknowledges that it has caused the Certificate Administrator to issue the Class [UR] Interest and has caused the Certificate
Registrar to execute and caused the Authenticating Agent to authenticate and to deliver to or upon the order of the Depositor,
the Regular Certificates, the Class [ARD] Certificates, the Class [LOAN-SPECIFIC] Certificates and the Class [R] Certificates,
and the Depositor hereby acknowledges the receipt by it or its designees, of such Certificates in authorized Denominations evidencing
the entire beneficial ownership of the Upper-Tier REMIC (and additionally, (x) in the case of the Class [LOAN-SPECIFIC] Certificates
(and the [LOAN-SPECIFIC]-R Interest), the beneficial ownership of the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC,
(y) in the case of the Class [ARD] Certificates, the beneficial ownership of the respective portion of the Grantor Trust, and
(z) in the case of the Class [R] Certificates, the [LOAN-SPECIFIC]-R Interest, the Class [LR] Interest and the Class [UR] Interest);
and (vi) the Trustee acknowledges that it has caused the Certificate Administrator to issue the Class [EC] Certificates and has
caused the Certificate Registrar to execute and cause the Authenticating Agent to deliver to or upon the order of the Depositor
such Certificates, and the Depositor hereby acknowledges the receipt by it, or its designees, of such Certificates in authorized
denominations, evidencing beneficial ownership of the respective portion of the Grantor Trust.

 

Section
2.12      Miscellaneous REMIC and Grantor Trust Provisions.

 

(a)       The
Class [LA-1], Class [LA-2], Class [LA-3], Class [LA-4], Class [LA-AB], Class [LA-S], Class [LB], Class [LC], Class [LD], Class
[LE], Class [LF], Class [LG] and Class [LH] Interests are hereby designated as “regular interests” in the Lower-Tier
REMIC within the meaning of Code Section 860G(a)(1), and the Lower-Tier Residual Interest (evidenced by the Class [R] Certificates)
is hereby designated as the sole class of “residual interests” in the Lower-Tier REMIC within the meaning of Code
Section 860G(a)(2).

 

(b)       The
Regular Certificates and the Class [EC] Regular Interests are hereby designated as “regular interests” in the Upper-Tier
REMIC within the meaning of Code Section 860G(a)(1), and the Upper-Tier Residual Interest (evidenced by the Class [R] Certificates)
is hereby designated as the sole class of “residual interests” in the Upper-Tier REMIC within the meaning of Code
Section 860G(a)(2).

 

(c)       The
Class [Loan-specific] Certificates are hereby designated as “regular interests”
in the [loan-specific] Trust Subordinate Companion Loan REMIC within the meaning
of Code Section 860G(a)(1), and the [Loan-specific]-R Interest (evidenced by the
Class [R] Certificates) is hereby designated as the sole class of “residual interests” in the [loan-specific]
Trust Subordinate Companion Loan REMIC within the meaning of Code Section 860G(a)(2).

 

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(d)       The
Closing Date is hereby designated as the “Startup Day” of the Lower-Tier REMIC and the Upper-Tier REMIC. The
“latest possible maturity date” for purposes of Code Section 860G(a)(1) of the Lower-Tier Regular Interests, the Regular
Certificates and the Class [EC] Regular Interests is the Rated Final Distribution Date.

 

(e)       None
of the Depositor, the Trustee, the Master Servicer, the Special Servicer, the Operating Advisor or the Certificate Administrator
shall enter into any arrangement by which the Trust Fund will receive a fee or other compensation for services other than as specifically
contemplated herein.

 

(f)       Each
Class of the Grantor Trust Certificates shall represent undivided beneficial interests in its corresponding portion of the Trust
Fund consisting of, respectively, the Class [A-S] Specific Grantor Trust Assets, the Class [B] Specific Grantor Trust Assets,
the Class [C] Specific Grantor Trust Assets, the Class [EC] Specific Grantor Trust Assets, and the Excess Interest Grantor Trust
Assets, each of which portions will be treated as part of a “grantor trust” within the meaning of subpart E, part
I of subchapter J of the Code.

 

Article
III

ADMINISTRATION AND SERVICING

OF THE MORTGAGE LOANS

 

Section
3.01       Master Servicer to Act as Master Servicer; Administration of the Mortgage Loans; Sub-Servicing Agreements; Outside
Serviced Mortgage Loans; and the Trust Subordinate Companion Loan.

 

(a)       The
Master Servicer (with respect to the Performing Serviced Loans) and the Special Servicer (with respect to the Specially Serviced
Loans and, to the extent provided in this Agreement, the Performing Serviced Loans), each as an independent contractor, shall
service and administer the Mortgage Loans (other than the Outside Serviced Mortgage Loans, which will be serviced, together with
the related Outside Serviced Companion Loans, pursuant to the applicable Outside Servicing Agreement) and the Serviced Companion
Loans on behalf of the Trust Fund and the Trustee (for the benefit of the Certificateholders or, (i) with respect to each Serviced
Loan Combination, for the benefit of the Certificateholders and the related Serviced Companion Loan Holders as a collective whole
as if such Certificateholders and Serviced Companion Loan Holders constituted a single lender, and (ii) with respect to the Trust
Subordinate Companion Loan, for the benefit of the Certificateholders and the Holders of the Class [loan-specific]
Certificates as a collective whole as if such Certificateholders and Holders of the Class [loan-specific]
Certificates constituted a single lender (and, in the case of a Serviced AB Loan Combination and the Trust Subordinate Companion
Loan, taking into account the subordinate nature of the related Subordinate Companion Loan or the Trust Subordinate Companion
Loan, respectively), subject to the terms and conditions of the related Co-Lender Agreement) in accordance with: (i) any and all
applicable laws; (ii) the express terms of this Agreement, the respective Serviced Mortgage Loans or Serviced Loan Combinations
and, in the case of the Serviced Loan Combinations or Trust AB Loan Combination, the related Co-Lender Agreement; and (iii) the
Servicing Standard. To the extent consistent with the foregoing and subject to any express limitations set forth in this Agreement
and any related Co-Lender

 

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Agreement or mezzanine loan intercreditor agreement, the Master Servicer and Special Servicer shall
seek to maximize the timely and complete recovery of principal and interest on the Mortgage Loans (other than the Outside Serviced
Mortgage Loans), the Serviced Companion Loans and the Trust Subordinate Companion Loan. Subject only to the Servicing Standard,
the Master Servicer and Special Servicer shall have full power and authority, acting alone or, in the case of the Master Servicer
only, through Sub-Servicers (subject to paragraph (c) of this Section 3.01 and to Section 3.02 of this Agreement),
to do or cause to be done any and all things in connection with such servicing and administration which it may deem consistent
with the Servicing Standard and, in its judgment exercised in accordance with the Servicing Standard, in the best interests of
the Certificateholders and, in the case of a Serviced Loan Combination, the related Serviced Companion Loan Holder(s) (as a collective
whole as if such Certificateholders and, in the case of a Serviced Loan Combination, the related Serviced Companion Loan Holder(s)
constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate nature of
the related Subordinate Companion Loan(s)), subject to the terms and conditions of the related Co-Lender Agreement), including,
without limitation, with respect to each Mortgage Loan and Serviced Companion Loan, (A) other than with respect to the Outside
Serviced Mortgage Loans, to prepare, execute and deliver, on behalf of the Certificateholders, the Serviced Companion Loan Holders
and the Trustee or any of them: (i) any and all financing statements, continuation statements and other documents or instruments
necessary to maintain the lien on each Mortgaged Property and related collateral; (ii) subject to Sections 3.07, 3.09,
3.10 and 3.24 of this Agreement, any modifications, waivers, consents or amendments to or with respect to any documents
contained in the related Mortgage File or defeasance of the Mortgage Loan, Serviced Companion Loan or Trust Subordinate Companion
Loan; and (iii) any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other
comparable instruments, with respect to the Mortgage Loan (and related Serviced Companion Loan) and Trust Subordinate Companion
Loan or the related Mortgaged Property; and (B) including with respect to the Outside Serviced Mortgage Loans, to direct, manage,
prosecute and/or defend any action, suit or proceeding of any kind filed in the name of the Master Servicer or Special Servicer
in their respective capacity on behalf of the Trustee or the Trust. Notwithstanding the foregoing, neither the Master Servicer
nor the Special Servicer shall modify, amend, waive or otherwise consent to any change of the terms of any Mortgage Loan, Serviced
Companion Loan or Trust Subordinate Companion Loan except under the circumstances described in Sections 3.03, 3.07,
3.09, 3.10 and 3.24 of this Agreement. The Master Servicer and Special Servicer shall service and administer
the Mortgage Loans (other than the Outside Serviced Mortgage Loans), the Serviced Companion Loans, the Trust Subordinate Companion
Loan and each related REO Property in accordance with applicable law and the terms thereof and hereof and the terms of any applicable
Co-Lender Agreements and intercreditor agreements and shall provide to the Mortgagors any reports required to be provided to them
thereby.

 

Subject
to Section 3.11 of this Agreement, the Trustee shall, upon the receipt of a written request of a Servicing Officer, execute
and deliver (i) to the Master Servicer, any powers of attorney substantially in the form of Exhibit AA-1 to this Agreement
or such other form as mutually agreed to by the Trustee and the Master Servicer, (ii) to the Special Servicer, any powers of attorney
substantially in the form of Exhibit AA-2 to this Agreement or such other form as mutually agreed to by the Trustee and
the Special Servicer, and (iii) to the Master Servicer or Special Servicer, as applicable, other documents reasonably acceptable
to the Trustee

 

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prepared by the Master Servicer and Special Servicer and necessary or appropriate (as certified in such written
request) to enable the Master Servicer and Special Servicer to carry out their servicing and administrative duties hereunder.
Notwithstanding anything contained herein to the contrary, none of the Master Servicer, the Special Servicer or any Sub-Servicer
shall, without the Trustee’s written consent: (i) initiate any action, suit or proceeding solely under the Trustee’s
name without indicating the Master Servicer’s or Special Servicer’s, as applicable, representative capacity, unless
prohibited by any requirement of the applicable jurisdiction in which any such action, suit or proceeding is brought and if so
prohibited, in the manner required by such jurisdiction (provided that the Master Servicer or the Special Servicer, as applicable,
shall then provide five (5) Business Days’ written notice to the Trustee of the initiation of such action, suit or proceeding
(or such shorter time period as is reasonably required in the judgment of the Master Servicer or the Special Servicer, as applicable,
made in accordance with the Servicing Standard) prior to filing such action, suit or proceeding), and shall not be required to
obtain the Trustee’s consent or indicate the Master Servicer’s or the Special Servicer’s, as applicable, representative
capacity; or (ii) take any action with the intent to cause, and that actually causes, the Trustee to be registered to do business
in any state. Each of the Master Servicer, the Special Servicer and any Sub-Servicer shall indemnify the Trustee for any and all
costs, liabilities and expenses incurred by the Trustee in connection with the negligent or willful misuse of such powers of attorney
by the Master Servicer or the Special Servicer or its agents or subcontractors, as applicable.

 

(b)       Unless
otherwise provided in the related Loan Documents, the Master Servicer shall apply any partial principal prepayment received on
a Serviced Loan on a date other than a Due Date, to the principal balance of such Mortgage Loan as of the Due Date immediately
following the date of receipt of such partial principal prepayment. Unless otherwise provided in the related Loan Documents, the
Master Servicer shall apply any amounts received on “government securities” within the meaning of Section 2(a)(16)
of the Investment Company Act, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii) (which
shall not be redeemed by the Master Servicer prior to the maturity thereof) in respect of such a Serviced Loan being defeased
pursuant to its terms to the principal balance of and interest on such Serviced Loan as of the Due Date immediately following
the receipt of such amounts. If with respect to any Serviced Loan the related Loan Documents permit the lender, at its option,
prior to an event of default under the related Serviced Loan, to apply amounts held in any reserve account as a prepayment or
to hold such amounts in a reserve account, the Master Servicer shall hold such amounts in the applicable reserve account and may
not apply such amounts as a prepayment until the occurrence of an event of default under the related Serviced Loan; provided
that any such amounts may be used, if permitted under the related Loan Documents, to defease the related Serviced Loan or,
upon an event of default under the related Serviced Loan, to prepay the Serviced Loan.

 

(c)       The
Master Servicer may enter into Sub-Servicing Agreements with third parties (including a party that has previously been engaged
as a Subcontractor) with respect to any of its obligations hereunder, provided that (i) any such agreement shall be consistent
with the provisions of this Agreement, (ii) any such agreement shall be consistent with the Servicing Standard, (iii) the Depositor
has consented to the related Sub-Servicer, (iv) any such agreement entered into by the Master Servicer shall provide that it may
be assumed by the Trustee, if the Trustee has assumed the duties of the Master Servicer or by any successor Master Servicer

 

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without
cost or obligation to the assuming party or the Trust Fund, upon the assumption by such party of the obligations of the Master
Servicer pursuant to Section 7.02, (v) any such agreement shall provide that, following receipt of the applicable Mortgage
Loan Purchase Agreement from the Depositor, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase
Agreement to the related Sub-Servicer, and that such Sub-Servicer shall notify the Master Servicer in writing within five (5)
Business Days after such Sub-Servicer discovers or receives notice alleging a Document Defect or a Breach or receives a Repurchase
Communication of a Repurchase Request, a Repurchase Request Withdrawal, a Repurchase or a Repurchase Request Rejection, (vi) the
Master Servicer shall notify the applicable Mortgage Loan Seller of any such agreement, (vii) any assignment of such Sub-Servicing
Agreement (other than an assignment to the Master Servicer) shall be subject to the prior written consent of the Depositor (which
consent shall not be unreasonably withheld, conditioned or delayed), (viii) any amendment or modification of such Sub-Servicing
Agreement shall be subject to the prior written consent of the Depositor (which consent shall not be unreasonably withheld, conditioned
or delayed) if the Master Servicer determines that, as a result of such amendment or modification, the Sub-Servicer would become
a “servicer” within the meaning of Item 1101 of Regulation AB that (1) meets the criteria in Item 1108(a)(2)(i), (ii)
or (iii) of Regulation AB or (2) meets the criteria in Item 1108(a)(2)(iii) of Regulation AB and services 20% or more of the pool
assets, and (ix) any such agreement shall provide that the Sub-Servicer shall be in default under the related Sub-Servicing Agreement
and such Sub-Servicing Agreement shall be terminated if the Sub-Servicer fails (1) to deliver by the due date any Exchange Act
reporting items required to be delivered to the Master Servicer under Article X or under the Sub-Servicing Agreement or to the
master servicer under any other pooling and servicing agreement that the Depositor is a party to, or (2) to perform in any material
respect any of its covenants or obligations contained in the Sub-Servicing Agreement regarding creating, obtaining or delivering
any Exchange Act reporting items required for any party to this Agreement to perform its obligations under Article X or under
the Exchange Act reporting items required under any other pooling and servicing agreement that the Depositor is a party to. Any
such Sub-Servicing Agreement may permit the Sub-Servicer to delegate its duties to agents or subcontractors so long as the related
agreements or arrangements with such agents or subcontractors are consistent with the provisions of this Section 3.01(c).
The Master Servicer shall pay the servicing fees of any Sub-Servicer and shall provide a copy of each Sub-Servicing Agreement
(and any assignment thereof) to the Trustee. The Special Servicer may not enter into Sub-Servicing Agreements.

 

Any
Sub-Servicing Agreement, and any other transactions or services relating to the Mortgage Loans and/or Serviced Loan Combinations
involving a Sub-Servicer, shall be deemed to be between the Master Servicer and such Sub-Servicer alone, and the Trustee, the
Certificate Administrator, the Custodian, the Operating Advisor, the Trust Fund and the Certificateholders shall not be deemed
parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer, except
as set forth in Section 3.01(d) of this Agreement and no provision herein may be construed so as to require the Trust Fund
to indemnify any such Sub-Servicer.

 

As
part of its servicing activities hereunder, the Master Servicer for the benefit of the Trustee and the Certificateholders, shall
(at no expense to the Trustee, the Certificateholders or the Trust) monitor the performance and enforce the obligations of each
Sub-Servicer under the related Sub-Servicing Agreement, except that the Master Servicer shall be required only to use

 

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reasonable
efforts to cause any Sub-Servicer to comply with the requirements of Article X hereof. Such enforcement, including, without limitation,
the legal prosecution of claims, termination of Sub-Servicing Agreements in accordance with their respective terms and the pursuit
of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as is in accordance with
the Servicing Standard. The Master Servicer shall have the right to remove a Sub-Servicer retained by it in accordance with the
terms of the related Sub-Servicing Agreement.

 

Notwithstanding
any Sub-Servicing Agreement or primary servicing agreement, the Master Servicer will remain primarily liable to the Trustee, the
Certificate Administrator, the Certificateholders and any Serviced Companion Loan Holder for the servicing and administering of
the Serviced Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue
of such Sub-Servicing Agreement or primary servicing agreement.

 

(d)       If
the Trustee or any successor Master Servicer assumes the obligations of the Master Servicer in accordance with Section 7.02,
the Trustee or such successor, as applicable, to the extent necessary to permit the Trustee or such successor, as applicable,
to carry out the provisions of Section 7.02, shall, without act or deed on the part of the Trustee or such successor, as
applicable, succeed to all of the rights and obligations of the Master Servicer under any Sub-Servicing Agreement entered into
by the Master Servicer pursuant to Section 3.01(c) of this Agreement. In such event, the Trustee or the successor Master
Servicer, as applicable, shall be deemed to have assumed all of the Master Servicer’s interest therein (but not any liabilities
or obligations in respect of acts or omissions of the Master Servicer prior to such deemed assumption) and to have replaced the
Master Servicer as a party to such Sub-Servicing Agreement to the same extent as if such Sub-Servicing Agreement had been assigned
to the Trustee or such successor Master Servicer, as applicable, except that the Master Servicer shall not thereby be relieved
of any liability or obligations under such Sub-Servicing Agreement that accrued prior to the succession of the Trustee or the
successor Master Servicer, as applicable.

 

In
the event that the Trustee or any successor Master Servicer, assumes the servicing obligations of the Master Servicer, upon request
of the Trustee, or such successor Master Servicer, as applicable, the Master Servicer shall at its own expense deliver or cause
to be delivered to the Trustee or such successor Master Servicer all documents and records relating to any Sub-Servicing Agreement
and the Mortgage Loans then being serviced thereunder and an accounting of amounts collected and held by it, if any, and will
otherwise use its reasonable efforts to effect the orderly and efficient transfer of any Sub-Servicing Agreement to the Trustee
or the successor Master Servicer, as applicable.

 

(e)       Notwithstanding
anything to the contrary herein, no Sub-Servicer shall be permitted under any Sub-Servicing Agreement to make material servicing
decisions, such as loan modifications or determinations as to the manner or timing of enforcing remedies under the Mortgage Loan
documents or Trust Subordinate Companion Loan documents, as applicable, without the consent of the Master Servicer or Special
Servicer, as applicable.

 

(f)       The
parties hereto acknowledge that each Serviced Loan Combination is subject to the terms and conditions of the related Co-Lender
Agreement and recognize the

 

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respective rights and obligations of the Trust, as holder of the related Mortgage Loan, and of the
related Serviced Companion Loan Holder under the related Co-Lender Agreement, including: (i) with respect to the allocation of
collections on or in respect of such Serviced Loan Combination, and the making of remittances, to the Trust, as holder of the
related Mortgage Loan, and to the related Serviced Companion Loan Holder; (ii) with respect to the allocation of expenses and
losses relating to such Serviced Loan Combination to the Trust, as holder of the related Mortgage Loan, and to the related Serviced
Companion Loan Holder; (iii) any consultation, consent and Special Servicer appointment rights of the related Serviced Companion
Loan Holder or its Companion Loan Holder Representative; (iv) any right of a related Companion Loan Holder to cure certain defaults
under the related Serviced Loan Combination; and (v) any right of a related Companion Loan Holder to purchase the related Split
Mortgage Loan from the Trust Fund (together with any other related Serviced Pari Passu Companion Loans, if applicable). With respect
to any Serviced Loan Combination, the Master Servicer (if such Serviced Loan Combination is a Performing Serviced Loan) or the
Special Servicer (if such Serviced Loan Combination has become a Specially Serviced Loan or the related Mortgaged Property has
been converted to an REO Property) shall prepare and provide to the related Serviced Companion Loan Holder (or its Companion Loan
Holder Representative), or the master servicer or special servicer for the related Other Securitization Trust on its behalf, all
notices, reports, statements and communications to be delivered by the holder of the related Mortgage Loan under the related Co-Lender
Agreement, and shall perform all duties and obligations to be performed by a servicer and perform all servicing-related duties
and obligations to be performed by the holder of the related Mortgage Loan pursuant to the related Co-Lender Agreement. Furthermore,
to the extent not otherwise expressly included herein, any provisions required to be included herein pursuant to any Co-Lender
Agreement for a Serviced Loan Combination are deemed incorporated herein by reference, and the parties hereto shall comply with
those provisions as if set forth herein in full. In the event of any conflict between this Agreement and a Co-Lender Agreement
with respect to a Serviced Pari Passu Loan Combination, the terms of such Co-Lender Agreement shall control with respect to such
Serviced Pari Passu Loan Combination.

 

(g)       Notwithstanding
anything to the contrary herein, (a) at no time shall the Master Servicer or the Trustee be required to make any P&I Advance
on any Companion Loan and (b) if the Mortgage Loan (or the related REO Property) that is part of a Serviced Loan Combination is
no longer part of the Trust Fund, neither the Master Servicer nor the Trustee, as the case may be, shall have any obligation to
make any Property Advance on such Serviced Loan Combination. If pursuant to the foregoing sentence, the Master Servicer does not
intend to make a Property Advance with respect to a Serviced Loan Combination that the Master Servicer would have made if the
related Mortgage Loan or REO Property were still part of the Trust Fund, the Master Servicer shall promptly notify the holder
of the related Serviced Companion Loan of its intention to no longer make such Property Advances and shall additionally promptly
notify such holder of any required Property Advance it would have otherwise made upon becoming aware of the need for such Property
Advance. Additionally, at the time the Mortgage Loan relating to a Serviced Loan Combination is removed from the Trust Fund, the
Master Servicer shall deliver to the related Serviced Companion Loan Holder (or the master servicer of any securitization of the
related Serviced Companion Loan) (i) a copy of the most recent inspection report and the inspection report for the prior calendar
year, (ii) copies of all financial statements collected from the related borrower for the most recent calendar year and the prior
calendar year, (iii) a copy of

 

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the most recent Appraisal and any other Appraisal done in the prior year and (iv) a copy of all
tax and insurance bills for the current calendar year and the prior calendar year.

 

(h)       Notwithstanding
anything herein to the contrary, the parties hereto acknowledge and agree that the Master Servicer’s and the Special Servicer’s
obligations and responsibilities hereunder and the Master Servicer’s and the Special Servicer’s authority with respect
to each Outside Serviced Mortgage Loan and each Outside Serviced Companion Loan related to the Outside Serviced Mortgage Loans
are limited by and subject to the terms of the related Co-Lender Agreement and this Agreement and the rights of the related Outside
Servicer and the related Outside Special Servicer with respect thereto under the applicable Outside Servicing Agreement. The parties
further recognize the respective rights and obligations of the related Outside Trustee and/or the Outside Serviced Companion Loan
Holders (or the representatives thereof) under each respective Co-Lender Agreement including with respect to the allocation of
collections on or in respect of an Outside Serviced Loan Combination in accordance with the related Co-Lender Agreement. The Master
Servicer shall cooperate with the Certificate Administrator, on behalf of the Trust, in connection with the enforcement of the
rights by the Trustee (as holder of the Outside Serviced Mortgage Loans) under each related Co-Lender Agreement and each applicable
Outside Servicing Agreement. The Master Servicer or Special Servicer, as applicable, (under the power of attorney granted by the
Trustee) shall take such actions as it shall deem reasonably necessary to facilitate the servicing of each Outside Serviced Companion
Loan by the related Outside Servicer and the related Outside Special Servicer, including, but not limited to, delivering appropriate
requests for release to the Custodian (if any) in order to deliver any portion of the related Mortgage Files to the related Outside
Servicer or related Outside Special Servicer under the applicable Outside Servicing Agreement.

 

To
the extent that the Trust, as holder of an Outside Serviced Mortgage Loan for the benefit of the Certificateholders, is entitled
to (i) consent to or approve any modification, waiver or amendment of such Outside Serviced Mortgage Loan or (ii) exercise any
consultation rights with respect to “Major Decisions” or “Material Actions” (as such term or any analogous
term is defined in the applicable Outside Servicing Agreement) in connection with such Outside Serviced Mortgage Loan or any related
REO Property or any consultation rights with respect to the implementation of “Asset Status Reports” (as such term
or any analogous term is defined in the applicable Outside Servicing Agreement), then the following parties (to the extent notified
by the appropriate party to the applicable Outside Servicing Agreement of any matter requiring the exercise of consent, approval
or consultation rights) shall actually exercise such consent, approval or consultation rights, and the respective parties to this
Agreement shall take such actions as are reasonably necessary to allow the following parties to exercise such consent, approval
or consultation rights: (a) the Controlling Class Representative (unless a Control Termination Event exists or such Outside Serviced
Mortgage Loan is an Excluded Mortgage Loan) or the Special Servicer (if a Control Termination Event exists or such Outside Serviced
Mortgage Loan is an Excluded Mortgage Loan) shall exercise any such consent or approval rights, in each case in accordance with
Section 3.01(j); and (b) the Controlling Class Representative (unless a Consultation Termination Event exists or such Outside
Serviced Mortgage Loan is an Excluded Mortgage Loan) or the Special Servicer (if a Consultation Termination Event exists or such
Outside Serviced Mortgage Loan is an Excluded Mortgage Loan) shall exercise any such consultation rights entitled to be exercised
by the holder of such Outside Serviced Mortgage Loan in accordance with Section 3.01(j) [; provided, that after
the

 

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occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, any such consultation rights shall
be exercised by the Special Servicer or the Controlling Class Representative, as applicable, jointly with the Operating Advisor
(but, in the case of the Operating Advisor, only with respect to matters similar to Major Decisions)]1.

 

In
addition to such consent, approval or consultation rights, the Controlling Class Representative (if no Control Termination Event
has occurred and is continuing and the related Outside Serviced Mortgage Loan is not an Excluded Mortgage Loan) and the Special
Servicer (if a Control Termination Event has occurred and is continuing), on behalf of the Trust, as holder of each Outside Serviced
Mortgage Loan for the benefit of the Certificateholders, will have the right (exercisable in its sole discretion), to the extent
provided in the related Co-Lender Agreement and/or the applicable Outside Servicing Agreement, to attend (in-person or telephonically)
annual meetings with the related Outside Servicer or Outside Special Servicer, as applicable, upon reasonable notice and at times
reasonably acceptable to the related Outside Servicer or Outside Special Servicer, as applicable, for the purpose of discussing
servicing issues related to such Outside Serviced Loan Combination.

 

None
of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian or the Trustee
shall have any obligation or authority to supervise any Outside Servicer, any Outside Special Servicer, any Outside Trustee or
any other party to the applicable Outside Servicing Agreement or to make Property Advances with respect to any of the Outside
Serviced Mortgage Loans or a Companion Loan related to an Outside Serviced Mortgage Loan. The obligation of the Master Servicer
and the Special Servicer to provide information to the Trustee or any other Person with respect to the Outside Serviced Mortgage
Loans and any Outside Serviced Companion Loan related to an Outside Serviced Mortgage Loan is dependent on their receipt of the
corresponding information from the related Outside Servicer or the related Outside Special Servicer, as applicable.

 

(i)       The
parties hereto acknowledge that each Outside Serviced Loan Combination is subject to the terms and conditions of the respective
Co-Lender Agreement and further acknowledge that, pursuant to the respective Co-Lender Agreement, (i) the related Outside Serviced
Mortgage Loan and the related Outside Serviced Companion Loans are to be serviced and administered by the related Outside Servicer
and Outside Special Servicer in accordance with the applicable Outside Servicing Agreement, and (ii) in the event that the applicable
Outside Serviced Companion Loan is no longer part of the trust fund created by the applicable Outside Servicing Agreement and
the related Outside Serviced Mortgage Loan remains an asset of the Trust Fund, then, as set forth in the related Co-Lender Agreement,
the related Outside Serviced Loan Combination shall be serviced in accordance with the applicable provisions of the applicable
Outside Servicing Agreement as if such agreement was still in full force and effect with respect to the related Outside Serviced
Loan Combination, until such time as a new servicing agreement has been agreed to by the parties to the related Co-Lender Agreement
in accordance with the provisions of such agreement and confirmation has been obtained from the Rating Agencies that such new
servicing agreement would not result in a downgrade, qualification or withdrawal of the then current ratings of any Class of Certificates

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

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then outstanding and any other requirements applicable to the related Outside Serviced Mortgage Loan.

 

(j)       The
parties hereto acknowledge that each Outside Serviced Mortgage Loan is subject to the terms and conditions of the related Co-Lender
Agreement. With respect to each Outside Serviced Loan Combination, the parties hereto recognize the respective rights and obligations
of the related Outside Serviced Loan Combination Noteholders under the related Co-Lender Agreement, including with respect to
the allocation of collections and losses on or in respect of the related Outside Serviced Mortgage Loan and the related Outside
Serviced Companion Loan(s) and the making of payments to the related Outside Serviced Loan Combination Noteholders in accordance
with the related Co-Lender Agreement and the applicable Outside Servicing Agreement. The parties hereto further acknowledge that,
pursuant to the related Co-Lender Agreement, each Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)
are to be serviced and administered by the related Outside Servicer and Outside Special Servicer in accordance with the applicable
Outside Servicing Agreement, and that payments allocated to each Outside Serviced Mortgage Loan and the related Outside Serviced
Companion Loans pursuant to the applicable Outside Servicing Agreement and the related Co-Lender Agreement are to be made by related
Outside Servicer. Although each Outside Serviced Mortgage Loan is not serviced and administered hereunder, the Master Servicer
and the Special Servicer hereunder for each such Outside Serviced Mortgage Loan shall have certain duties as set forth herein
and shall constitute the “Master Servicer” and “Special Servicer” hereunder with respect to each such
Outside Serviced Mortgage Loan.

 

If
there are at any time amounts due from the Trust, as holder of an Outside Serviced Mortgage Loan, to any party under the related
Co-Lender Agreement or the applicable Outside Servicing Agreement, the Master Servicer shall pay such amounts out of the Collection
Account. If a party to the applicable Outside Servicing Agreement related to an Outside Serviced Mortgage Loan requests the Master
Servicer, Special Servicer, Trustee, Certificate Administrator or Custodian to consent to, or consult with respect to, a modification,
waiver or amendment of, or other loan-level action related to, such Outside Serviced Mortgage Loan (except a modification, waiver
or amendment of the applicable Outside Servicing Agreement or the related Co-Lender Agreement which shall not be subject to the
operation of this sentence but shall instead be subject to the operation of the provisions below in this paragraph), the party
hereto that receives such request shall promptly deliver a copy of such request to the Controlling Class Representative (if no
Control Termination Event (in the case of consent rights) or Consultation Termination Event (in the case of consultation rights)
exists and such Outside Serviced Mortgage Loan is not an Excluded Mortgage Loan) or to the Special Servicer (if a Control Termination
Event (in the case of consent rights) or Consultation Termination Event (in the case of consultation rights) exists or such Outside
Serviced Mortgage Loan is an Excluded Mortgage Loan), as applicable, [and, following the occurrence and during the continuance
of an Operating Advisor Consultation Trigger Event, to the Operating Advisor,]1 and (a) any such consent rights
shall be exercised by the Controlling Class Representative (unless a Control Termination Event exists or such Outside Serviced
Mortgage Loan is an Excluded Mortgage Loan) or by the Special Servicer (if a Control Termination Event exists or such Outside
Serviced

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

  

 

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Mortgage
Loan is an Excluded Mortgage Loan) and (b) any such consultation rights shall be exercised by the Controlling Class Representative
(unless a Consultation Termination Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan) or by the
Special Servicer (if a Consultation Termination Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan);
provided, that [after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, any
such consultation rights shall be exercised by the Special Servicer or the Controlling Class Representative, as applicable, jointly
with the Operating Advisor (but, in the case of the Operating Advisor, only with respect to matters similar to Major Decisions);
and provided, further, that,] 1 if such Outside Serviced Mortgage Loan were serviced hereunder and such
action would not be permitted without Rating Agency Confirmation, then the Controlling Class Representative or the Special Servicer,
as applicable, shall not exercise any such right of consent without first having obtained (or having caused the related Outside
Servicer or Outside Special Servicer to obtain) or received such Rating Agency Confirmation (payable at the expense of the party
making such request for consent or approval if such requesting party is a Certificateholder or a party to this Agreement, and
otherwise from the Collection Account). If a Responsible Officer of the Trustee, Certificate Administrator or Custodian receives
actual notice of a termination event under the applicable Outside Servicing Agreement, then the Trustee, Certificate Administrator
or Custodian, as applicable, shall notify the Master Servicer (in writing), and the Master Servicer shall act in accordance with
the instructions of (prior to the occurrence of a Control Termination Event) the Controlling Class Representative in accordance
with the applicable Outside Servicing Agreement with respect to such termination event (provided that the Master Servicer shall
only be required to comply with such instructions if such instructions are in accordance with the applicable Outside Servicing
Agreement and not inconsistent with this Agreement); provided that, if such instructions are not provided within a reasonable
time period (not to exceed ten (10) Business Days or such lesser response time as is afforded under the applicable Outside Servicing
Agreement) or if a Control Termination Event exists or if the Master Servicer is not permitted by the applicable Outside Servicing
Agreement to follow such instructions, then the Master Servicer shall take such action or inaction (to the extent permitted by
the applicable Outside Servicing Agreement), as directed in writing by the Holders of the Certificates evidencing at least 25%
of the aggregate of all Voting Rights (such direction to be sought and communicated to the Master Servicer by the Certificate
Administrator) within a reasonable period of time that does not exceed such response time as is afforded under the applicable
Outside Servicing Agreement. Subject to the foregoing, during the continuation of any termination event with respect to the related
Outside Servicer or Outside Special Servicer under the applicable Outside Servicing Agreement, each of the Trustee, the Certificate
Administrator, the Master Servicer and the Special Servicer shall have the right (but not the obligation) to take all actions
to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Trust (including
the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt
in connection therewith). The reasonable costs and expenses incurred by the Master Servicer, Special Servicer, the Certificate
Administrator, or the Trustee in connection with such enforcement shall be paid by the Master Servicer out of the Collection Account.
If the Trustee receives a request (and, if the Master Servicer, Special Servicer or the Certificate Administrator

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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receives such
request, such party shall promptly forward such request to the Trustee) from any party to the applicable Outside Servicing Agreement
for consent to or approval of a modification, waiver or amendment of the applicable Outside Servicing Agreement and/or the related
Co-Lender Agreement, or the adoption of any servicing agreement that is the successor to and/or in replacement of the applicable
Outside Servicing Agreement in effect as of the Closing Date or a change in servicer under the applicable Outside Servicing Agreement,
then the Trustee is hereby directed to, and the Trustee shall, grant such consent or approval if (a) the Trustee shall have received
a prior Rating Agency Confirmation from each Rating Agency (payable at the expense of the party making such request for consent
or approval to the Trustee, if a Certificateholder or a party to this Agreement, and otherwise from the Collection Account) with
respect to such consent or approval, and (b) unless a Control Termination Event has occurred and is continuing or the related
Outside Serviced Mortgage Loan is an Excluded Mortgage Loan, the Trustee shall have obtained the consent of the Controlling Class
Representative. The Trustee, the Certificate Administrator, the Special Servicer and the Master Servicer (each, a “Notifying
Party”) shall each promptly forward all material notices or other communications delivered to it in connection with
the applicable Outside Servicing Agreement to each other Notifying Party (unless a Notifying Party has actual knowledge that such
other Notifying Party (i) was copied on such original notice or communication or (ii) actually received such notice or communication),
the Operating Advisor, the Controlling Class Representative (if a Consultation Termination Event does not exist) and the Depositor
and, if such notice or communication is in the nature of a notice or communication that would be required to be delivered to the
Rule 17g-5 Information Provider (for posting to the Rule 17g-5 Information Provider’s Website in accordance with Section
12.13) if the related Outside Serviced Mortgage Loan were a Mortgage Loan that is serviced and administered under this Agreement,
to the Rule 17g-5 Information Provider (who shall promptly post such notice to the Rule 17g-5 Information Provider’s Website
in accordance with Section 12.13); provided that, notwithstanding the foregoing, the Special Servicer shall have
no obligation to forward any such notice or communication under this provision unless (A) the Special Servicer is the only addressee
of such notice or communication or (B) there is no addressee on such notice or communication. Any obligation of the Master Servicer
or Special Servicer, as applicable, to provide information and collections to the Trustee, the Certificate Administrator, the
Controlling Class Representative and the Certificateholders with respect to any Outside Serviced Mortgage Loan shall be dependent
on its receipt of the corresponding information and collections from the related Outside Servicer or the related Outside Special
Servicer. Each of the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer shall reasonably cooperate
with the Master Servicer, the Special Servicer, the Operating Advisor or the Controlling Class Representative, in each case as
and when applicable, to facilitate the exercise by such party of any consent, approval or consultation rights set forth in this
Section 3.01 with respect to an Outside Serviced Mortgage Loan; provided, however, the Trustee, the Certificate
Administrator, the Master Servicer and the Special Servicer shall have no right or obligation to exercise any consent or consultation
rights or obtain a Rating Agency Confirmation on behalf of the Controlling Class Representative.

 

(k)       With
respect to each Outside Serviced Mortgage Loan, the parties to this Agreement agree as follows:

 

(i)       pursuant
to the applicable Outside Servicing Agreement, the related Outside Servicer is obligated to make “Servicing Advances”
or “Property Advances” and

 

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incur “Additional Trust Fund Expenses” (as each such term or any analogous
term is defined in the applicable Outside Servicing Agreement) with respect to such Outside Serviced Mortgage Loan; the Trust
shall be responsible for its pro rata share (such pro rata share and the pro rata share of the holder(s)
of the related Outside Serviced Companion Loan(s) to be determined based on the respective principal balances of such Outside
Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s)) of any “Nonrecoverable Servicing Advance”
or “Nonrecoverable Property Advances” (and advance interest thereon) and any “Additional Trust Fund Expenses”
(as each such term or any analogous term is defined in the applicable Outside Servicing Agreement), but only to the extent that
they relate to servicing and administration of such Outside Serviced Mortgage Loan, including without limitation, any unpaid “Special
Servicing Fees,” “Liquidation Fees” and “Workout Fees” (as each such term or any analogous term
is defined in the applicable Outside Servicing Agreement) relating to such Outside Serviced Mortgage Loan; and in the event that
the funds received with respect to the related Outside Serviced Loan Combination are insufficient to cover “Servicing Advances,”
“Property Advances” or “Additional Trust Fund Expenses” (as each such term or any analogous term is defined
in the applicable Outside Servicing Agreement) relating to the servicing and administration of the related Outside Serviced Loan
Combination, (i) the Master Servicer shall, promptly following notice from the related Outside Servicer, reimburse the related
Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee,
as applicable (such reimbursement, to the extent owed to the related Outside Special Servicer, the related Outside Certificate
Administrator or the related Outside Trustee, may be paid by the Master Servicer to the related Outside Servicer, who shall pay
such amounts to the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee,
as applicable), out of general funds in the Collection Account for the Trust’s pro rata share (such pro rata
share and the pro rata share of the holder(s) of the related Outside Serviced Companion Loan(s) to be determined based
on the respective principal balances of such Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s))
of any such “Nonrecoverable Servicing Advance,” “Nonrecoverable Property Advances” and/or “Additional
Trust Fund Expenses” (as each such term or any analogous term is defined in the applicable Outside Servicing Agreement),
and (ii) if the applicable Outside Servicing Agreement permits the related Outside Servicer, the related Outside Special Servicer,
the related Outside Certificate Administrator or the related Outside Trustee to reimburse itself from the related Outside Securitization
Trust’s general account, then the parties to this Agreement hereby acknowledge and agree that the related Outside Servicer,
the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable,
may do so and the Master Servicer shall be required to, promptly following notice from the related Outside Servicer, reimburse
the related Outside Securitization Trust out of general funds in the Collection Account for the Trust’s pro rata
share (such pro rata share and the pro rata share of the holder(s) of the related Outside Serviced Companion Loan(s)
to be determined based on the respective principal balances of such Outside Serviced Mortgage Loan and the related Outside Serviced
Companion Loan(s)) of any such “Nonrecoverable Servicing Advance,” “Nonrecoverable Property Advances”
and/or “Additional Trust Fund Expenses” (as each

 

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such term or any analogous term is defined in the applicable Outside
Servicing Agreement) relating to the servicing and administration of such Outside Serviced Loan Combination;

 

(ii)       With
respect to each Outside Serviced Mortgage Loan, each of (i) (as and to the same extent the related Outside Securitization Trust
is required to indemnify each of the following parties in respect of other mortgage loans in the related Outside Securitization
Trust pursuant to the terms of the applicable Outside Servicing Agreement) the related Outside Servicer, the related Outside Special
Servicer, the related Outside Certificate Administrator, the related Outside Trustee, the related Outside Operating Advisor and
the related Outside 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 applicable Outside Servicing Agreement in respect of other mortgages
included in related Outside Securitization Trust) and (ii) the related Outside Securitization Trust (such parties in clause (i)
and the related Outside Securitization Trust, collectively, the “Pari Passu Indemnified Parties”) shall be
indemnified 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 such Outside Serviced Mortgage
Loan and the related Mortgaged Property (or, with respect to the related Outside Operating Advisor, incurred in connection with
the provision of services for such Outside Serviced Mortgage Loan) under the applicable Outside Servicing Agreement (collectively,
the “Pari Passu Indemnified Items”) to the extent of the Trust’s pro rata share (such pro rata
share and the pro rata share of the holder(s) of the related Outside Serviced Companion Loan(s) to be determined based
on the respective principal balances of such Outside Serviced Mortgage Loan and the related Outside Serviced Companion Loan(s))
of such Pari Passu Indemnified Items, and to the extent amounts on deposit in the “Serviced Loan Combination Collection
Account”, “Serviced Pari Passu Companion Loan Custodial Account” or “Whole Loan Custodial Account”
(as each such term or any analogous term is defined in the applicable Outside Servicing Agreement), as applicable, maintained
pursuant to the applicable Outside Servicing Agreement that are allocated to the Outside Serviced Mortgage Loan are insufficient
for reimbursement of such amounts, such Indemnified Party shall be entitled to be reimbursed by the Trust (including out of general
collections in the Collection Account) for the Trust’s pro rata share of the insufficiency;

 

(iii)       To
the extent not otherwise expressly included herein, any provisions required to be included herein pursuant to any Co-Lender Agreement
for an Outside Serviced Loan Combination are deemed incorporated herein by reference, and the parties hereto shall comply with
those provisions as if set forth herein in full. In the event of any inconsistency between the provisions of this Agreement and
any Outside Serviced Co-Lender Agreement, such Outside Serviced Co-Lender Agreement shall prevail, provided that in no event shall
the Master Servicer or the Special Servicer, as the case may be, take any action or omit to take any action in accordance with
the terms of any Outside Serviced Co-Lender Agreement, that would cause the Master Servicer or the Special Servicer, as the case
may be, to violate the Servicing Standard or REMIC Provisions; and

 

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(iv)       each
Outside Servicer, each Outside Special Servicer and each Outside Securitization Trust shall be third party beneficiaries of this
Section 3.01(k).

 

(l)         To
the extent required under any Loan Documents, the Master Servicer shall, on behalf of the related lender, maintain a Note register
for the related Mortgage Loan in accordance with such Loan Documents.

 

(m)       In
order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including those relating to the funding of terrorist activities and money laundering (for the purposes of this clause (l), “Applicable
Laws”), the Master Servicer may be required to obtain, verify and record certain information relating to individuals
and entities which maintain a business relationship with the Master Servicer. Accordingly, each of the parties hereto agrees to
provide to the Master Servicer, upon its reasonable request, from time to time such identifying information and documentation
as may be readily available to such party in order to enable the Master Servicer to comply with Applicable Laws; provided that
the Master Servicer shall be responsible for all reasonable actual out-of-pocket expenses incurred by such party in connection
therewith.

 

(n)       The
parties hereto acknowledge and agree that the servicing and administration of a Trust Subordinate Companion Loan shall continue
hereunder by the Master Servicer and the Special Servicer even if the related Trust AB Mortgage Loan is no longer part of the
Trust Fund. The parties hereto acknowledge and agree that at any time a Trust AB Mortgage Loan is no longer an asset of the Trust,
the Master Servicer and Special Servicer shall have no obligation to service such Mortgage Loan or the related Mortgaged Property
and shall service only the related Trust Subordinate Companion Loan pursuant to this Agreement, subject to the terms of the related
intercreditor agreement with respect to any obligation to service and administer such Mortgage Loan or the related Mortgaged Property
on an interim or temporary basis (taking into account such Mortgage Loan or related Mortgaged Property is no longer in the Trust
Fund and therefore not subject to any Advancing under the terms of this Agreement) while a successor servicing agreement is executed.
In such case, in determining whether to incur and/or make, as applicable, any costs, expenses or liabilities with respect to the
Trust Subordinate Companion Loan or follow any request from the Subordinate Loan-Specific Directing Certificateholder or with
respect to any enforcement action or other action solely regarding the Trust Subordinate Companion Loan, the Master Servicer or
Special Servicer, as applicable, shall determine, before incurring any such costs, expenses or liability, if such amounts are
available from current collections on the Trust Subordinate Companion Loan. The Master Servicer shall not make any Advances with
respect to the Trust Subordinate Companion Loan if the Trust AB Mortgage Loan is no longer in the Trust Fund. If such amounts
are available, the Master Servicer or Special Servicer shall pay such amounts only from collections on the Trust Subordinate Companion
Loan. If such amounts are not available from current collections on the Trust Subordinate Companion Loan, no such amounts shall
be incurred unless paid by the Class [LOAN-SPECIFIC] Certificateholder. In any event, no losses, expenses, costs, fees or other
amounts related solely to the Trust Subordinate Companion Loan shall be borne by the remainder of the Trust.

 

Section
3.02      Liability of the Master Servicer. Notwithstanding any Sub-Servicing Agreement, any
of the provisions of this Agreement relating to agreements or

 

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arrangements between the Master Servicer and any Person acting
as Sub-Servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as Sub-Servicer
or otherwise, the Master Servicer shall remain obligated and primarily liable for the servicing and administering of the
Mortgage Loans (other than the Outside Serviced Mortgage Loans), the Serviced Companion Loan and the Trust Subordinate
Companion Loan in accordance with the provisions of this Agreement without diminution of such obligation or liability by
virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from any Person acting as
Sub-Servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if the Master
Servicer alone were servicing and administering the Mortgage Loans (other than the Outside Serviced Mortgage Loans), the
Serviced Companion Loan and the Trust Subordinate Companion Loan. The Master Servicer shall be entitled to enter into an
agreement with any Sub-Servicer providing for indemnification of the Master Servicer by such Sub-Servicer, and nothing
contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for
indemnification shall be deemed to limit or modify this Agreement.

 

Section
3.03       Collection of Certain Mortgage Loan Payments.

 

(a)       The
Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans),
as applicable, shall use commercially reasonable efforts in accordance with the Servicing Standard to collect all payments called
for under the terms and provisions of the Serviced Loans it is obligated to service hereunder (including Special Servicing Fees
(in the case of the Special Servicer only), Workout Fees, Liquidation Fees (in the case of the Special Servicer only) and any
other fees payable to the Master Servicer or the Special Servicer if and to the extent the related Loan Documents require the
related Mortgagor to pay such fees), and shall follow the Servicing Standard with respect to such collection procedures; provided
that, with respect to any ARD Mortgage Loan, so long as the related Mortgagor is in compliance with each provision of the
related Loan Documents, the Master Servicer and the Special Servicer shall not take any enforcement action with respect to the
failure of the related Mortgagor to make any payment of Excess Interest, other than requests for collection, until the Maturity
Date of any ARD Mortgage Loan or until the outstanding principal balance of such ARD Mortgage Loan (exclusive of any portion representing
accrued Excess Interest) has been paid in full); provided, further, that, with respect to any ARD Mortgage Loan,
the Master Servicer or Special Servicer, as the case may be, may take action to enforce the Trust Fund’s right to apply
excess cash flow to principal in accordance with the terms of the Loan Documents. For clarification, no obligation of the Master
Servicer or the Special Servicer to use commercially reasonable efforts to collect fees from the related Mortgagor will change
the obligation of the Master Servicer to pay such fees from general collections or other proceeds in accordance with Section
3.06(a) and Section 3.06A(a) of this Agreement, whether or not such Special Servicing Fees, Workout Fees or Liquidation
Fees are collected from or paid by the related Mortgagor. The Master Servicer, with respect to the Performing Serviced Loans,
and the Special Servicer, with respect to the Specially Serviced Loans, shall use its reasonable efforts to collect income statements,
rent rolls and other reporting information from Mortgagors (as required under the related Loan Documents). Consistent with the
foregoing, the Master Servicer (with respect to Performing Serviced Loans) or Special Servicer (with respect to Specially Serviced
Loans), as applicable, may in its discretion waive any Penalty Charges in connection with any delinquent Monthly Payment with
respect to any

 

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Mortgage Loan (other than an Outside Serviced Mortgage Loan), Serviced Companion Loan or Trust Subordinate Companion
Loan. In addition, the Master Servicer shall be entitled to take such actions with respect to the collection of payments on the
Mortgage Loans (other than the Outside Serviced Mortgage Loans), the Serviced Companion Loan and the Trust Subordinate Companion
Loan as are permitted or required under Section 3.21 of this Agreement.

 

(b)       If
there is any ARD Mortgage Loan included in the Trust Fund, and if the Master Servicer receives Excess Interest directly from the
related Mortgagor or through the Special Servicer, which Excess Interest was collected during the Prepayment Period for any Distribution
Date, or receives notice from the related Mortgagor that the Master Servicer will be receiving Excess Interest during the Prepayment
Period for any Distribution Date, then the Master Servicer shall notify the Certificate Administrator no later than two Business
Days prior to such Distribution Date by means of a clearly labeled item in the CREFC® Loan Periodic Update File.
None of the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee shall be responsible for any failure
of the related Mortgagor to pay any such Excess Interest. The preceding statements shall not, however, be construed to limit the
provisions of Section 3.03(a) of this Agreement.

 

(c)       With
respect to each Outside Serviced Mortgage Loan, the Certificate Administrator shall deliver to the related Outside Trustee, the
related Outside Certificate Administrator, the related Outside Special Servicer, the related Outside Servicer and the related
Outside Operating Advisor (A) promptly following the Closing Date, written notice in the form of Exhibit FF attached hereto
stating that, as of the Closing Date, the Trustee is the holder of such Outside Serviced Mortgage Loan and directing each such
recipient to remit to the Master Servicer all amounts payable to, and to forward, deliver or otherwise make available, as the
case may be, to the Master Servicer all reports, statements, documents, communications and other information that are to be forwarded,
delivered or otherwise made available to, the holder of such Outside Serviced Mortgage Loan under the related Co-Lender Agreement
and the applicable Outside Servicing Agreement (which notice shall also provide contact information for the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer and each party designated to exercise the rights of the “Non-Controlling
Note Holder” under the related Co-Lender Agreement), accompanied by a copy of an executed version of this Agreement, and
(B) notice of any subsequent change in the identity of the Master Servicer or any party designated to exercise the rights of the
“Non-Controlling Note Holder” under the related Co-Lender Agreement (together with the relevant contact information).
The Master Servicer shall, within one (1) Business Day of receipt of properly identified funds, deposit into the Collection Account
all amounts received with respect to each Outside Serviced Mortgage Loan, the Mortgaged Property related to each Outside Serviced
Mortgage Loan or any related REO Property; provided, however, that to the extent any such amounts are received after
2:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable efforts to deposit such
amounts into the Collection Account within one (1) Business Day of receipt of such amounts but, in any event, the Master Servicer
shall deposit such amounts into the Collection Account within two (2) Business Days of receipt of such amounts.

 

(d)       With
respect to each Outside Serviced Mortgage Loan, if the Master Servicer does not receive from the related Outside Servicer any
Monthly Payment or other amounts known by the Master Servicer to be owing on such Outside Serviced Mortgage Loan in

 

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accordance
with the terms of the applicable Outside Servicing Agreement and/or the related Co-Lender Agreement, then the Master Servicer
shall provide notice of such failure to the related Outside Servicer and the related Outside Trustee.

 

Section
3.04       Collection of Taxes, Assessments and Similar Items; Escrow Accounts.

 

(a)       With
respect to each Mortgaged Property securing a Serviced Loan, the Master Servicer shall maintain accurate records with respect
to each related Mortgaged Property reflecting the status of taxes, assessments, ground rents and other similar items that are
or may become a lien on the related Mortgaged Property and the status of insurance premiums payable with respect thereto. From
time to time, to the extent such payments are to be made from escrowed funds, the Master Servicer shall (i) obtain all bills for
the payment of such items (including renewal premiums), and (ii) effect payment of all such bills with respect to such Mortgaged
Properties prior to the applicable penalty or termination date, in each case employing for such purpose Escrow Payments as allowed
under the terms of the related Serviced Loan. With respect to non-escrowed payments, when the Master Servicer becomes aware in
accordance with the Servicing Standard that a Mortgagor (other than with respect to the Outside Serviced Mortgage Loan) has failed
to make any such payment or, with respect to escrowed loans, collections from the Mortgagor are insufficient to pay any such item
before the applicable penalty or termination date, the Master Servicer shall advance the amount of any shortfall as a Property
Advance unless the Master Servicer determines in accordance with the Servicing Standard that such Advance would be a Nonrecoverable
Advance. Notwithstanding anything in this Agreement to the contrary, the Master Servicer may in accordance with the Servicing
Standard elect (but is not required) to make (and in the case of a Specially Serviced Loan, at the direction of the Special Servicer
will be required to make) a payment from amounts on deposit in the Collection Account that would otherwise be a Property Advance
with respect to a Mortgage Loan (other than an Outside Serviced Mortgage Loan) and the Trust Subordinate Companion Loan notwithstanding
that the Master Servicer or the Special Servicer has determined that such a Property Advance would, if advanced, be a Nonrecoverable
Property Advance, if making the payment (x) would prevent (i) the related Mortgaged Property from being uninsured or being sold
at a tax sale or (ii) any event that would cause a loss of the priority of the lien of the related Mortgage, or the loss of any
security for the related Mortgage Loan or Trust Subordinate Companion Loan, or (y) would remediate any adverse environmental condition
or circumstance at the related Mortgaged Property, if, in each instance, the Master Servicer or the Special Servicer, as applicable,
determines in accordance with the Servicing Standard that making the payment is in the best interest of the Certificateholders
(including, in the case of the Trust Subordinate Companion Loan, the Holders of the Class [LOAN-SPECIFIC] Certificates) and any
related Serviced Companion Loan Holder(s) (as a collective whole as if the Certificateholders and such Serviced Companion Loan
Holder(s) constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate
nature of the related Subordinate Companion Loan)). If the Special Servicer makes such a determination, it shall notify the Master
Servicer and the Master Servicer shall make such payment from the Collection Account. No costs incurred by the Master Servicer
in effecting the payment of taxes and assessments on the Mortgaged Properties shall, for the purpose of calculating distributions
to Certificateholders, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage
Loans so permit.

 

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(b)       The
Master Servicer shall segregate and hold all funds collected and received pursuant to any Mortgage Loan, Serviced Loan Combination
or Trust Subordinate Companion Loan constituting Escrow Payments separate and apart from any of its own funds and general assets
and shall establish and maintain one or more segregated custodial accounts (each, an “Escrow Account”) into
which all Escrow Payments shall be deposited within two (2) Business Days after receipt of properly identified funds. The Master
Servicer shall also deposit into each applicable Escrow Account any amounts representing losses on Permitted Investments to the
extent required by Section 3.07(b) of this Agreement and any Insurance Proceeds or Condemnation Proceeds which are required
to be applied to the restoration or repair of any Mortgaged Property pursuant to the related Mortgage Loan or Trust Subordinate
Companion Loan. Escrow Accounts shall be Eligible Accounts (except to the extent the related Mortgage Loan requires or permits
it to be held in an account that is not an Eligible Account) and (subject to any changes in the identities of the Master Servicer
and/or the Trustee) shall be entitled, “[master servicer], as Master Servicer,
on behalf of [trustee], as Trustee for the benefit of the registered Holders of
[______________], the Serviced Companion Loan Holders, and Various Mortgagors.” Withdrawals from an Escrow Account may be
made by the Master Servicer only:

 

(i)        to
effect timely payments of items constituting Escrow Payments for the related Loan Documents and in accordance with the terms of
the related Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan, as applicable;

 

(ii)       to
transfer funds to the Collection Account and/or the applicable Loan Combination Custodial Account to reimburse the Master Servicer,
the Special Servicer or the Trustee, as applicable, for any Property Advance (with interest thereon at the Advance Rate) relating
to Escrow Payments, but only from amounts received with respect to the related Mortgage Loan, Serviced Loan Combination or Trust
Subordinate Companion Loan, as applicable, which represent late collections of Escrow Payments thereunder;

 

(iii)       for
application to the restoration or repair of the related Mortgaged Property in accordance with the related Mortgage Loan, Serviced
Loan Combination or Trust Subordinate Companion Loan, as applicable, and the Servicing Standard;

 

(iv)       to
clear and terminate such Escrow Account upon the termination of this Agreement;

 

(v)        to
pay from time to time to the related Mortgagor (a) any interest or investment income earned on funds deposited in the Escrow Account
if such income is required to be paid to the related Mortgagor under law or by the terms of the Mortgage Loan, Serviced Loan Combination
or Trust Subordinate Companion Loan, as applicable, or otherwise to the Master Servicer and (b) any other funds required to be
released to the related Mortgagors pursuant to the related Loan Documents; and

 

(vi)       to
remove any funds deposited in an Escrow Account that were not required to be deposited therein.

 

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(c)        In
the event any Loan Documents permit the lender, at the discretion of the lender, to use letters of credit and/or cash reserves
to prepay the related Mortgage Loan prior to the Maturity Date and in the absence of an event of default or acceleration of the
Mortgage Loan, then the Master Servicer shall hold such amounts in an Escrow Account for so long as the Loan Documents permit
such discretion.

 

(d)       To
the extent that (i) an operations and maintenance plan is required to be established and executed pursuant to the terms of a Serviced
Loan, or (ii) any repairs, capital improvements, actions or remediations are required to have been taken or completed pursuant
to the terms of the Serviced Loan, the Master Servicer shall determine in accordance with the Servicing Standard (which determination
may be made on the basis of inquiry to the Mortgagor and this sentence shall in no event be construed to require a physical inspection
other than inspections described in Section 3.18 of this Agreement; provided that all deliveries required to be
made to Master Servicer under the related Loan Documents of supporting documentation have been made; then the Master Servicer
shall report the then current status as a failure) whether the related Mortgagor has failed to perform such obligations under
the related Mortgage Loan or Serviced Loan Combination as of the date required under the related Mortgage Loan or Serviced Loan
Combination and report any such failure to the Special Servicer, the Serviced Companion Loan Holders and, prior to the occurrence
and continuance of a Consultation Termination Event, the Controlling Class Representative within a reasonable time after the date
as of which such actions or remediations are required to be or to have been taken or completed.

 

Section
3.05       Collection Account; Distribution Accounts; Excess Liquidation Proceeds Reserve Account; Excess Interest Distribution
Account; and [loan-specific] remic
Distribution Account.

 

(a)       The
Master Servicer shall establish and maintain the Collection Account in the Master Servicer’s name on behalf of the Trustee,
for the benefit of the Certificateholders and the Trustee as the Holder of the Lower-Tier Regular Interests. The Collection Account
shall be established and maintained as an Eligible Account. Amounts attributable to the Mortgage Loans (other than the Excess
Interest) will be assets of the Lower Tier REMIC. As and when required under this Agreement, the Master Servicer shall transfer
to the Collection Account any amounts to be transferred thereto from a Loan Combination Custodial Account as contemplated by Section
3.06A(a)(i) of this Agreement, and the Master Servicer shall deposit in the Collection Account any amounts required to be
deposited therein pursuant to Section 3.07(b) of this Agreement in connection with net losses realized on Permitted Investments
with respect to funds held in the Collection Account. In addition, the Master Servicer shall deposit or cause to be deposited
in the Collection Account, within one (1) Business Day following receipt of properly identified funds, (x) all Net Liquidation
Proceeds received on or with respect to a Mortgage Loan related to a Serviced Loan Combination in connection with any of the events
described in clauses (iii) and (iv) of the definition of “Liquidation Event” in this Agreement, and
(y) without duplication, the following payments and collections received or made by it on or with respect to the Mortgage Loans
(other than any Mortgage Loan related to a Serviced Loan Combination):

 

(i)        all
payments on account of principal on such Mortgage Loans or the Trust Subordinate Companion Loan, including the principal component
of Unscheduled Payments;

 

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(ii)       all
payments on account of interest on such Mortgage Loans or the Trust Subordinate Companion Loan (including Excess Interest);

 

(iii)      all
Yield Maintenance Charges on such Mortgage Loans or the Trust Subordinate Companion Loan;

 

(iv)      all
amounts with respect to any related REO Property transferred to the Collection Account, or to the Master Servicer for deposit
in the Collection Account, from an REO Account pursuant to Section 3.16(b) of this Agreement;

 

(v)       all
Net Insurance Proceeds, Net Condemnation and Net Liquidation Proceeds with respect to such Mortgage Loans or the Trust Subordinate
Companion Loan;

 

(vi)      any
amounts received from Mortgagors under such Mortgage Loans or the Trust Subordinate Companion Loan that represent (A) recoveries
of Property Protection Expenses, (B) any recovery of Unliquidated Advances with respect to such Mortgage Loans, or (C) any other
reimbursements in accordance with the related Loan Documents, in each case to the extent not permitted to be retained by the Master
Servicer as provided herein; and

 

(vii)     any
other amounts required by the provisions of this Agreement to be deposited into the Collection Account by the Master Servicer
or Special Servicer, including pursuant to Section 2.03 and Section 3.03(c) of this Agreement;

 

provided,
however, that to the extent any amounts referred to in clauses (x) or (y) above of this Section 3.05(a)
are received after 2:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable
efforts to deposit such amounts into the Collection Account within one (1) Business Day of receipt thereof but, in any event,
the Master Servicer shall deposit such amounts into the Collection Account within two (2) Business Days of receipt thereof).

 

The
foregoing requirements for deposits in the Collection Account shall be exclusive, it being understood and agreed that, without
limiting the generality of the foregoing, to the extent provided herein, Ancillary Fees, Consent Fees, Assumption Fees, assumption
application fees and defeasance fees need not be deposited in the Collection Account by the Master Servicer or the Special Servicer,
as applicable, and, to the extent permitted by applicable law, the Master Servicer or the Special Servicer, as applicable, shall
be entitled to retain any such Ancillary Fees, Consent Fees, Assumption Fees, assumption application fees and/or defeasance fees
received with respect to such Mortgage Loans in accordance with Section 3.12 of this Agreement; provided that if the Master
Servicer or the Special Servicer, as applicable, receives any such Ancillary Fees, Consent Fees, Assumption Fees, assumption application
fees and/or defeasance fees in excess of the percentage of such fees to which it is entitled pursuant to Section 3.12(a)
(in the case of the Master Servicer) or Section 3.12(c) (in the case of the Special Servicer), then it shall remit to the
other party (i.e. the Special Servicer (if Master Servicer has received the excess percentage of such fees) or the Master Servicer
(if Special Servicer has received the excess percentage of such fees), as applicable) the percentage of such fees to which

 

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such
other party is entitled pursuant to Section 3.12(a) or Section 3.12(c), as applicable. The Master Servicer and the
Special Servicer shall not deposit any Modification Fees received by the Master Servicer or the Special Servicer, as applicable,
with respect to any Mortgage Loan into the Collection Account and shall instead apply such fees in accordance with Section
3.14 of this Agreement. In the event that the Master Servicer deposits in the Collection Account any amount not required to
be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary
notwithstanding. The Master Servicer shall give written notice to the Certificate Administrator and the Special Servicer of the
location and account number of the Collection Account and shall notify the Certificate Administrator and the Special Servicer
in writing of any subsequent change thereof.

 

Upon
receipt of any of the amounts described in clauses (i) through (vii) of the last sentence of the second preceding paragraph with
respect to a Mortgage Loan (other than a Mortgage Loan related to a Serviced Loan Combination), the Special Servicer shall promptly,
but in no event later than one (1) Business Day after receipt, remit such amounts to the Master Servicer for deposit into the
Collection Account in accordance with the second preceding paragraph, unless the Special Servicer determines, consistent with
the Servicing Standard, that a particular item should not be deposited because of a restrictive endorsement or other appropriate
reason. With respect to any such amounts paid by check to the order of the Special Servicer, the Special Servicer shall endorse
such check to the order of the Master Servicer, unless the Special Servicer determines, consistent with the Servicing Standard,
that a particular item cannot be so endorsed and delivered because of a restrictive endorsement or other appropriate reason. Any
such amounts received by the Special Servicer with respect to an REO Property that relates to any Mortgage Loan (other than a
Mortgage Loan related to a Serviced Loan Combination) shall initially be deposited by the Special Servicer into the related REO
Account (or, at the option of the Special Servicer, remitted by the applicable property manager directly to the Master Servicer)
and thereafter remitted to the Master Servicer for deposit into the Collection Account, all in accordance with Section 3.16
of this Agreement.

 

For
purposes of determining amounts to be deposited in the Collection Account in respect of the Trust Subordinate Companion Loan and
the Trust AB Mortgage Loan, the Master Servicer shall determine the allocation of such amounts in accordance with the related
intercreditor agreement. All amounts so allocable to the Trust Subordinate Companion Loan shall be held separate and apart from
other amounts deposited in the Collection Account (or in a subaccount of the Collection Account) and may be withdrawn from the
Collection Account (pursuant to Section 3.05 and otherwise) only to the extent set forth in this Agreement and not specifically
prohibited under the related intercreditor agreement.

 

(b)       The
Certificate Administrator shall establish and maintain the Lower-Tier Distribution Account and the Upper-Tier Distribution Account
in the name of the Certificate Administrator on behalf of the Trustee, for the benefit of the Certificateholders. Each of the
Distribution Accounts shall be non-interest bearing and shall be established and maintained as Eligible Accounts or as sub-accounts
of a single Eligible Account. With respect to each Distribution Date, on or before such Distribution Date, the Certificate Administrator
shall be deemed to make or shall make the withdrawals from the Lower-Tier Distribution Account, as set forth in Section 4.01
of this Agreement, shall be deemed to make the deposits into the Lower-Tier Distribution Account and the Upper-Tier Distribution
Account, as set forth in

 

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Section 4.01 hereof, and shall cause the amount of Available Funds (including P&I Advances)
and Yield Maintenance Charges to be distributed in respect of the Certificates, pursuant to Section 4.01 hereof on such
date.

 

(c)       The
Certificate Administrator shall establish (upon receipt of written notice that an event that generates Excess Liquidation Proceeds
has occurred) and maintain the Excess Liquidation Proceeds Reserve Account in the name of the Certificate Administrator on behalf
of the Trustee for the benefit of the Certificateholders. The Excess Liquidation Proceeds Reserve Account shall be non-interest
bearing and shall be maintained separate and apart from trust funds for mortgage pass-through certificates of other series administered
by the Certificate Administrator and other accounts of the Certificate Administrator.

 

Upon
the disposition of any REO Property in accordance with Section 3.17 of this Agreement, the Special Servicer shall calculate
the Excess Liquidation Proceeds, if any, realized in connection with such sale and remit to the Certificate Administrator such
amount for deposit in the Excess Liquidation Proceeds Reserve Account. Amounts held in the Excess Liquidation Proceeds Reserve
Account on each Distribution Date that exceed amounts reasonably anticipated to be required to offset possible future Realized
Losses, as determined by the Special Servicer, and all amounts held in the Excess Liquidation Proceeds Reserve Account on the
final Distribution Date, in each case after application in accordance with Section 4.01(e)(i) of this Agreement, shall
be distributed to the Holders of the Class [R] Certificates in respect of the Lower-Tier Residual Interest.

 

(d)       The
Certificate Administrator shall establish and maintain the Exchangeable Distribution Account in the name of the Certificate Administrator
on behalf of the Trustee, for the benefit of the Holders of the Exchangeable Certificates. The Exchangeable Distribution Account
shall be non-interest bearing and shall be established and maintained as an Eligible Account or as a sub-account of an Eligible
Account. The Certificate Administrator shall make or be deemed to have made deposits in and withdrawals from the Exchangeable
Distribution Account in accordance with Article IV of this Agreement.

 

(e)       Prior
to the Master Servicer Remittance Date immediately following the end of the first Prepayment Period during which Excess Interest
is received on any ARD Mortgage Loan, and upon notification from the Master Servicer pursuant to Section 3.03(b) of this
Agreement, the Certificate Administrator shall establish and maintain the Excess Interest Distribution Account in the name of
the Certificate Administrator on behalf of the Trustee, for the benefit of the Holders of the Excess Interest Certificates (if
applicable). The Excess Interest Distribution Account shall be non-interest bearing and shall be established and maintained as
an Eligible Account (or as a subaccount of an Eligible Account). With respect to each Distribution Date, the Master Servicer shall
withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date
for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest received during the applicable
Prepayment Period.

 

The
Certificate Administrator shall, on any Distribution Date, make withdrawals from the Excess Interest Distribution Account to the
extent required to make the distributions of Excess Interest required by Section 4.01(m) of this Agreement.

 

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Following
the distribution of Excess Interest to the Holders of the Excess Interest Certificates on the first Distribution Date after which
there are no longer any ARD Mortgage Loans outstanding, the Certificate Administrator may terminate the Excess Interest Distribution
Account.

 

(f)       The
Certificate Administrator shall establish and maintain the [LOAN-SPECIFIC] REMIC Distribution Account, in its own name on behalf
of the Trustee, in trust for the benefit of the Holders of the Class [LOAN-SPECIFIC] Certificates, which shall be an asset of
the Trust and the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC, but shall not be an asset of any other Trust REMICs.
The [LOAN-SPECIFIC] REMIC Distribution Account shall be established and maintained as an Eligible Account or a subaccount of an
Eligible Account. The Certificate Administrator shall make or be deemed to have made deposits in and withdrawals from the [LOAN-SPECIFIC]
REMIC Distribution Account in accordance with Section 3.06 and Article IV of this Agreement.

 

(g)       Notwithstanding
anything to the contrary herein, each Distribution Account, the Exchangeable Distribution Account, the Excess Interest Distribution
Account, the Excess Liquidation Proceeds Reserve Account and the Interest Reserve Account may all be sub-accounts of a single
Eligible Account; provided that each of them shall be treated as a separate account for purposes of deposits and withdrawals under
this Agreement.

 

(h)       If
any Loss of Value Payments are received in connection with a Material Document Defect or Material Breach, as the case may be,
pursuant to or as contemplated by Section 2.03(a) of this Agreement, the Special Servicer shall establish and maintain
one or more accounts (collectively, the “Loss of Value Reserve Fund”) to be held on behalf of the Trustee for
the benefit of the Certificateholders, for purposes of holding such Loss of Value Payments. Each account that constitutes the
Loss of Value Reserve Fund shall be an Eligible Account or a sub-account of an Eligible Account. The Special Servicer shall, upon
receipt, deposit in the Loss of Value Reserve Fund all Loss of Value Payments received by it. The Loss of Value Reserve Fund shall
be accounted for as an outside reserve fund within the meaning of Treasury Regulations Section 1.860G-2(h) and not an asset of
any Trust REMIC. Furthermore, for all federal tax purposes, the Certificate Administrator shall (i) treat amounts paid out of
the Loss of Value Reserve Fund (and any income earned thereon) through the Collection Account to the Certificateholders (or, in
the case of any income earned on the Loss of Value Reserve Fund and paid to the Special Servicer as additional compensation) as
damages paid to and distributed by the Trust REMICs on account of a breach of a representation or warranty by the related Mortgage
Loan Seller and (ii) treat any amounts paid out of the Loss of Value Reserve Fund through the Collection Account to a Mortgage
Loan Seller as distributions by the Trust Fund to such Mortgage Loan Seller as beneficial owner of the Loss of Value Reserve Fund.
The applicable Mortgage Loan Seller will be the beneficial owner of the related account in the Loss of Value Reserve Fund for
all federal income tax purposes, and shall be taxable on all income earned thereon.

 

Section
3.05A.      Loan Combination Custodial Account.

 

(a)       The
Master Servicer shall establish and maintain, with respect to each Serviced Loan Combination (if any), one or more separate accounts,
which may be sub-accounts

 

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of a single account (with respect to each Serviced Loan Combination, the “Loan Combination
Custodial Account”) in which the amounts described in clauses (i) through (viii) below shall be deposited
and held in the name of the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders and the related
Serviced Companion Loan Holder, as their interests may appear; provided that a Loan Combination Custodial Account may be
a sub-account of the Collection Account or another Loan Combination Custodial Account (but shall be deemed to be a separate account
for purposes of applying the terms of this Agreement). Each of the Loan Combination Custodial Accounts shall be an Eligible Account
or a subaccount of an Eligible Account. The Master Servicer shall deposit or cause to be deposited in each Loan Combination Custodial
Account, within one Business Day following receipt of properly identified funds (or, in the case of payments by the Master Servicer,
when otherwise required to be so deposited under this Agreement), the following payments and collections received or made by it
on or with respect to the related Serviced Loan Combination:

 

(i)        all
payments on account of principal on the related Serviced Loan Combination, including the principal component of Unscheduled Payments;

 

(ii)       all
payments on account of interest on the related Serviced Loan Combination;

 

(iii)      all
Yield Maintenance Charges on the related Serviced Loan Combination;

 

(iv)      any
amounts required to be deposited pursuant to Section 3.07(b) of this Agreement in connection with net losses realized on
Permitted Investments with respect to funds held in such Loan Combination Custodial Account;

 

(v)       all
amounts with respect to any REO Property acquired in respect of the related Serviced Loan Combination transferred to such Loan
Combination Custodial Account, or the Master Servicer for deposit in such Loan Combination Custodial Account, from the related
REO Account pursuant to Section 3.16(b) of this Agreement;

 

(vi)      all
Net Condemnation Proceeds, Net Insurance Proceeds and Net Liquidation Proceeds with respect to the related Serviced Loan Combination
(other than any Net Liquidation Proceeds received on or in respect of the related Mortgage Loan in connection with any of the
events described in clauses (iii) and (iv) of the definition of “Liquidation Event” in this Agreement);

 

(vii)     any
amounts received from the Mortgagor under the related Serviced Loan Combination that represent (A) recoveries of Property Protection
Expenses, or (B) any other reimbursements in accordance with the related Loan Documents, in each case to the extent not permitted
to be retained by the Master Servicer as provided herein; and

 

(viii)    any
other amounts required by the provisions of this Agreement to be deposited into such Loan Combination Custodial Account by the
Master Servicer or Special Servicer, including any recovery of any Unliquidated Advances;

 

provided,
however, that to the extent any such amounts are received after 2:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to

 

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deposit such amounts into the Collection Account within one (1) Business
Day of receipt thereof but, in any event, the Master Servicer shall deposit such amounts into the Collection Account within two
(2) Business Days of receipt thereof).

 

(b)       The
foregoing requirements for deposits in each Loan Combination Custodial Account shall be exclusive, it being understood and agreed
that, without limiting the generality of the foregoing, to the extent provided herein, Ancillary Fees, Consent Fees, Assumption
Fees, assumption application fees and defeasance fees need not be deposited in such Loan Combination Custodial Account by the
Master Servicer or the Special Servicer, as applicable, and, to the extent permitted by applicable law, the Master Servicer or
the Special Servicer, as applicable, shall be entitled to retain any such Ancillary Fees, Consent Fees, Assumption Fees, assumption
application fees and/or defeasance fees received with respect to the Serviced Loan Combinations in accordance with Section
3.12 of this Agreement; provided that if the Master Servicer or the Special Servicer, as applicable, receives any such Ancillary
Fees, Consent Fees, Assumption Fees, assumption application fees and/or defeasance fees in excess of the percentage of such fees
to which it is entitled pursuant to Section 3.12(a) (in the case of the Master Servicer) or Section 3.12(c) (in
the case of the Special Servicer), then it shall remit to the other party (i.e. the Special Servicer (if Master Servicer has received
the excess percentage of such fees) or the Master Servicer (if Special Servicer has received the excess percentage of such fees),
as applicable) the percentage of such fees to which such other party is entitled pursuant to Section 3.12(a) or Section
3.12(c), as applicable. The Master Servicer and the Special Servicer shall not deposit any Modification Fees received by the
Master Servicer or the Special Servicer, as applicable, with respect to any Serviced Loan Combination into the related Loan Combination
Custodial Account and shall instead apply such fees (except to the extent not permitted under the related Co-Lender Agreement)
in accordance with Section 3.14 of this Agreement. In the event that the Master Servicer deposits in a Loan Combination
Custodial Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Loan Combination
Custodial Account, any provision herein to the contrary notwithstanding. The Master Servicer shall give written notice to the
Certificate Administrator, the related Serviced Companion Loan Holders and the Special Servicer of the location and account number
of each Loan Combination Custodial Account and shall notify the Certificate Administrator, the related Serviced Companion Loan
Holder and the Special Servicer in writing of any subsequent change thereof. Each Loan Combination Custodial Account shall be
maintained as a segregated account (or sub-account of such segregated account), separate and apart from trust funds created for
mortgage backed securities of other series and the other accounts of the Master Servicer.

 

(c)       Upon
receipt of any of the amounts described in clauses (i) through (viii) of Section 3.05A(a) with respect to
a Serviced Loan Combination, the Special Servicer shall promptly, but in no event later than one Business Day after receipt, remit
such amounts to the Master Servicer for deposit into the Loan Combination Custodial Account in accordance with Section 3.05A(a),
unless the Special Servicer determines, consistent with the Servicing Standard, that a particular item should not be deposited
because of a restrictive endorsement or other appropriate reason. With respect to any such amounts paid by check to the order
of the Special Servicer, the Special Servicer shall endorse such check to the order of the Master Servicer, unless the Special
Servicer determines, consistent with the Servicing Standard, that a particular item cannot be so endorsed and delivered because
of a restrictive endorsement or other

 

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appropriate reason. Any such amounts received by the Special Servicer with respect to an
REO Property that relates to a Serviced Loan Combination shall initially be deposited by the Special Servicer into the related
REO Account (or, at the option of the Special Servicer, remitted by the applicable property manager directly to the Master Servicer)
and thereafter remitted to the Master Servicer for deposit into the related Loan Combination Custodial Account, all in accordance
with Section 3.17 of this Agreement.

 

Section
3.06      Permitted Withdrawals From the Collection Account.

 

(a)       The
Master Servicer may make withdrawals from the Collection Account only as described below (the order set forth below not constituting
an order of priority for such withdrawals), subject to the application of Penalty Charges and Modification Fees in accordance
with the related Co-Lender Agreement and Section 3.14 of this Agreement:

 

(i)       to
remit on or before each Master Servicer Remittance Date to the Certificate Administrator for deposit in the Lower-Tier Distribution
Account (or the [LOAN-SPECIFIC] REMIC Distribution Account in respect of the Trust Subordinate Companion Loan), the Interest Reserve
Account, the Excess Interest Distribution Account and the Excess Liquidation Proceeds Reserve Account the amounts required to
be deposited in such accounts pursuant to Sections 3.05(c), 3.05(e), 3.23, 4.01(a)(i) and Section
4.06(a) of this Agreement, respectively;

 

(ii)       to
pay or reimburse the Master Servicer or the Trustee, (A) for Advances made thereby with respect to Mortgage Loans that are not
part of a Serviced Loan Combination (other than Workout-Delayed Reimbursement Amounts) and any related Advance Interest Amounts
(provided that the Trustee shall have priority with respect to such payment or reimbursement of any such Advances and any
related Advance Interest Amounts), the Master Servicer’s right to reimburse any such Person pursuant to this clause (ii)(A)
being limited to late collections (including cure payments by related Serviced Companion Loan Holders) of the particular item
which was the subject of the related Advance, Penalty Charges, Net Condemnation Proceeds, Net REO Proceeds, Net Insurance Proceeds
and Net Liquidation Proceeds on or in respect of the particular Mortgage Loan or REO Property respecting which such Advance was
made, if applicable (provided that (x) prior to the time any Advance is reimbursed, Advance Interest Amounts may be reimbursed
solely from Penalty Charges and Modification Fees collected on the related Mortgage Loan, and (y) at the time any Advance (other
than Workout Delayed Reimbursement Amounts) is reimbursed, Advance Interest Amounts on such reimbursed Advance shall be payable
first from Penalty Charges and Modification Fees collected on the related Mortgage Loan, and, to the extent such Penalty Charges
and Modification Fees are insufficient, then from general collections on deposit in the Collection Account), (B) for Advances
made thereby with respect to Mortgage Loans that are part of a Serviced Loan Combination and any related Advance Interest Amounts
(provided that the Trustee shall have priority with respect to such payment or reimbursement of any such Advances and any
related Advance Interest Amounts), the Master Servicer’s right to reimburse any such person pursuant to this clause (ii)(B)
being limited to Net Liquidation Proceeds on or in respect of the particular Mortgage Loan or REO Property respecting which such
Advance was made, which Net

 

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Liquidation Proceeds were received in connection with any of the events described in clauses (iii),
(iv) and (vii) of the definition of “Liquidation Event”, (C) to the extent not reimbursed pursuant to Section 3.14
of this Agreement, for Advances and any related Advance Interest Amounts (or portion thereof) that have been deemed to be
Nonrecoverable Advances or are not recovered from recoveries in respect of the related Mortgage Loan, Serviced Loan Combination
or REO Property after a Final Recovery Determination to the extent not recovered from the related Loan Combination Custodial Account
and Advance Interest Amounts thereon, first, out of the principal portion of general collections on the Mortgage Loans
and REO Properties, and second, to the extent the principal portion of general collections is insufficient and with respect
to such excess only, subject to any election in its sole discretion to defer reimbursement thereof pursuant to Section 3.27
of this Agreement, out of other collections on the Mortgage Loans and REO Properties, and (D) for Workout-Delayed Reimbursement
Amounts and Advance Interest Amounts thereon, first, out of the principal portion of the general collections on the Mortgage
Loans and REO Properties, net of such amounts being reimbursed pursuant to clause (C) above, and second, upon a determination
by the Master Servicer or the Trustee, as applicable, that a Workout-Delayed Reimbursement Amount is a Nonrecoverable Advance,
in the same manner as Nonrecoverable Advances may be reimbursed (provided that with respect to each Mortgage Loan or REO
Property that relates to a Serviced Loan Combination, such Workout-Delayed Reimbursement Amounts and Advance Interest Amounts
thereon shall first be reimbursed pursuant to Section 3.06A(a)(ii) of this Agreement and, if not reimbursed pursuant thereto,
shall be paid from the Collection Account as provided in this clause (ii)(D));

 

(iii)       to
pay on or before each Master Servicer Remittance Date to the Master Servicer (who shall pay the holder of the Excess Servicing
Fee Rights the portion of the Servicing Fee that represents Excess Servicing Fees in accordance with Section 3.12 of this
Agreement) and to the Special Servicer, as applicable, as compensation, the aggregate unpaid Servicing Fee with respect to Mortgage
Loans (to the extent not otherwise required to be applied against Prepayment Interest Shortfalls) in respect of the immediately
preceding Interest Accrual Period, and Special Servicing Compensation (if any) in respect of the immediately preceding Interest
Accrual Period or Collection Period, as applicable, to be paid, in the case of the Servicing Fee, from interest received on the
related Mortgage Loan, and to pay from time to time to the Master Servicer in accordance with Section 3.07(b) of this Agreement
any interest or investment income earned on funds deposited in the Collection Account and, in the case of the Special Servicing
Fee, from general collections; provided, however, that in the case of any Mortgage Loan or REO Mortgage Loan related
to a Serviced Loan Combination, (1) Servicing Fees may be paid out of the Collection Account pursuant to this clause (iii) only
from the interest portion of Net Liquidation Proceeds on or in respect of such Mortgage Loan or REO Property, which Net Liquidation
Proceeds were received in connection with any of the events described in clauses (iii), (iv) and (vii) of the definition of “Liquidation
Event” and (2) Special Servicing Compensation shall first be paid out of the related Loan Combination Custodial Account
pursuant to Section 3.06A(a)(iii) of this Agreement and may be paid out of the Collection Account pursuant to this clause (iii)
only if and to the extent that such Special Servicing Compensation has not been paid out

 

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of the related Loan Combination Custodial
Account pursuant to Section 3.06A(a)(iii) of this Agreement;

 

(iv)       in
accordance with Section 2.03 of this Agreement, to reimburse the Trustee, Asset Representations Reviewer or the Special
Servicer, out of general collections on the Mortgage Loans and related REO Properties (including with respect to the Outside Serviced
Mortgage Loans) for any unreimbursed expense reasonably incurred by the Trustee, the Asset Representations Reviewer or the Special
Servicer in connection with the enforcement of a Mortgage Loan Seller’s obligations under Section 6(e) of the related Mortgage
Loan Purchase Agreement, together with interest thereon at the Advance Rate, but only to the extent that such expenses are not
otherwise reimbursable;

 

(v)       to
pay out of general collections on the Mortgage Loans and related REO Properties, for costs and expenses incurred by the Trust
Fund with respect to the Mortgage Loans and related REO Properties pursuant to Sections 3.04(a) and 3.10(e) of this
Agreement and to pay Liquidation Expenses out of related Liquidation Proceeds pursuant to Section 3.11 of this Agreement
(provided that with respect to each Serviced Loan Combination, such expenses shall first be reimbursed pursuant to Section
3.06A(a)(iv) of this Agreement to the extent related to such Serviced Loan Combination and if not reimbursed pursuant thereto,
shall be paid from the Collection Account as provided in this clause (v));

 

(vi)       to
the extent not reimbursed or paid pursuant to any other clause of this Section 3.06, to reimburse or pay the Master Servicer,
the Trustee, the Custodian, the Certificate Administrator, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, CREFC® or the Depositor, as applicable, for unpaid Additional Trust Fund Expenses (other than Advance
Interest Amounts), unpaid Trustee/Certificate Administrator Fees, unpaid Servicing Fees (but only if the related Mortgage Loan
has been liquidated or a Final Recovery Determination has been made with respect thereto), unpaid Special Servicing Compensation,
unpaid Operating Advisor Fees, unpaid Operating Advisor Consulting Fees (but only to the extent such Operating Advisor Consulting
Fee is actually received from the related Mortgagor), unpaid Asset Representations Reviewer Ongoing Fees and any unpaid Asset
Representations Reviewer Asset Review Fee (to the extent such fee is payable by the Trust), unpaid CREFC® Intellectual
Property Royalty License Fees and other unpaid items incurred by or owing to such Person pursuant to Section 2.03(h)(vi),
Section 2.03(j)(viii), the second sentence of Section 3.07(c), Section 3.08(a), Section 3.08(b), Section
3.10, Section 3.12(c), Section 3.16(a), Section 3.29(k), Section 6.03, Section 7.04, Section
8.05(a), Section 8.05(b), Section 8.05(d), Section 11.02(a), Section 11.02(b) or Section 12.07
of this Agreement, or any other provision of this Agreement pursuant to which such Person is entitled to reimbursement or
payment from the Trust Fund, in each case only to the extent expressly reimbursable under such Section, it being acknowledged
that this clause (vi) shall not be deemed to modify the substance of any such Section, including the provisions of such Section
that set forth the extent to which one of the foregoing Persons is or is not entitled to payment or reimbursement (provided
that with respect to each Mortgage Loan that is part of a Serviced Loan Combination, such expenses shall first be reimbursed
pursuant to Section 3.06A(a)(v) of this Agreement to the extent

 

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related to such Serviced Loan Combination and, if not reimbursed
pursuant thereto, shall be paid from the Collection Account as provided in this clause (vi), and provided, further,
that Special Servicing Compensation with respect to any Serviced Companion Loan (or a successor REO Companion Loan) shall not
be payable from the Collection Account pursuant to this clause (vi));

 

(vii)       to
transfer to the Certificate Administrator for deposit in one or more separate, non-interest bearing accounts any amount reasonably
determined by the Certificate Administrator to be necessary to pay any applicable federal, state or local taxes imposed on either
Trust REMIC under the circumstances and to the extent described in Section 4.05 of this Agreement;

 

(viii)      to
make such payments and reimbursements out of Penalty Charges and Modification Fees on deposit in the Collection Account as are
contemplated by Section 3.14 of this Agreement;

 

(ix)         to
make such payments and reimbursements as contemplated by Section 3.06(c) of this Agreement out of funds transferred to
the Collection Account from the Loss of Value Reserve Fund pursuant to Section 3.06(c) of the Agreement;

 

(x)          to
make such payments and reimbursements as contemplated by Section 3.06(c) of this Agreement out of funds transferred to
the Collection Account from the Loss of Value Reserve Fund pursuant to Section 3.06(c) of the Agreement;

 

(xi)         to
withdraw any amount deposited into the Collection Account that was not required to be deposited therein; or

 

(xii)        to
clear and terminate the Collection Account pursuant to Section 9.01 of this Agreement.

 

If
and to the extent that the Master Servicer has reimbursed or made payment to itself or any other Person pursuant to any clause
of the prior paragraph above for any cost, expense, indemnity, fee or Property Advance or Advance Interest Amount thereon with
respect to a Loan Combination that represents the related Serviced Companion Loan’s allocable share of such cost, expense,
indemnity, fee, or Property Advance or Advance Interest Amount thereon (taking into account the subordinate nature of any related
Subordinate Companion Loan(s)), the Master Servicer (with respect to Performing Serviced Loans) and the Special Servicer (with
respect to Specially Serviced Loans) shall use efforts consistent with the Servicing Standard to collect such amounts out of collections
on such Serviced Companion Loan (or, if and to the extent permitted under the related Co-Lender Agreement, from the related Serviced
Companion Loan Holder) and deposit all such amounts (collectively, with respect to such Serviced Companion Loan, the “Trust
Reimbursement Amount No.1”) collected from or on behalf of the related Serviced Companion Loan Holder into the Collection
Account.

 

The
Master Servicer shall also be entitled to make withdrawals from time to time, from the Collection Account of amounts necessary
for the payments or reimbursement of amounts required to be paid to the parties to, and/or the securitization trust created under,
the applicable Outside Servicing Agreement by the holder of each Outside Serviced Mortgage Loan

 

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pursuant to each Outside Serviced
Co-Lender Agreement. In the absence of manifest error, the Master Servicer may conclusively rely on the request for payments contemplated
by the preceding sentence.

 

The
Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan-by-Mortgage Loan basis, for the purpose of justifying
any withdrawal from the Collection Account pursuant to subclauses (i)-(ix) of the third preceding paragraph.

 

The
Master Servicer shall pay to each of the Special Servicer (or to third party contractors at the direction of the Special Servicer),
the Operating Advisor, the Trustee, the Asset Representations Reviewer and the Certificate Administrator, as applicable, from
the applicable Collection Account, amounts permitted to be paid thereto from such account promptly upon receipt of a written statement
of an officer of the Special Servicer, an officer of the Operating Advisor, an officer of the Asset Representations Reviewer or
a Responsible Officer of the Trustee or the Certificate Administrator, as the case may be, describing the item and amount to which
the Special Servicer (or such third party contractor), the Operating Advisor, the Trustee, the Asset Representations Reviewer
or the Certificate Administrator, as the case may be, is entitled (unless such payment to the Special Servicer, the Operating
Advisor, the Trustee, the Asset Representations Reviewer or the Certificate Administrator, as the case may be, is clearly required
pursuant to this Agreement, in which case a written statement is not required). The Master Servicer may rely conclusively on any
such written statement and shall have no duty to recalculate the amounts stated therein. The parties seeking payment pursuant
to this Section shall each keep and maintain a separate accounting for the purpose of justifying any request for withdrawal from
each Collection Account, on a loan-by-loan basis.

 

With
respect to each Outside Serviced Mortgage Loan, the Master Servicer shall pay to, subject to Section 3.01(k)(i), the related
Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee,
as applicable, from the Collection Account on the Master Servicer Remittance Date amounts permitted to be paid to the related
Outside Servicer, the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee,
as applicable, therefrom based upon an Officer’s Certificate received from the related Outside Servicer, the related Outside
Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable, on the first Business
Day following the immediately preceding Determination Date, describing the item and amount to which the related Outside Servicer,
the related Outside Special Servicer, the related Outside Certificate Administrator or the related Outside Trustee, as applicable,
is entitled. The Master Servicer may rely conclusively on any such certificate and shall have no duty to re-calculate the amounts
stated therein.

 

The
Trustee, the Custodian, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Depositor,
CREFC®, the Special Servicer and the Master Servicer shall in all cases have a right prior to the Certificateholders
to any funds on deposit in the Collection Account from time to time for the reimbursement or payment of the Servicing Fees (including
investment income), Trustee/Certificate Administrator Fees, Special Servicing Compensation, Advances, Advance Interest Amounts,
Operating Advisor Fees, Operating Advisor Consulting Fees (but only to the extent such Operating Advisor Consulting Fees are actually
received from the related Mortgagor(s)), Asset Representations Reviewer

 

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Ongoing Fee, Asset Representations Reviewer Asset Review
Fee (only to the extent such fee is payable by the Trust), CREFC® Intellectual Property Royalty License Fees and
(for each of such Persons other than CREFC®) their respective expenses hereunder (including without limitation
Additional Trust Fund Expenses) to the extent such fees, indemnity amounts and expenses are to be reimbursed or paid from amounts
on deposit in the Collection Account pursuant to this Agreement (and to have such amounts paid directly to third party contractors
for any invoices submitted to the Trustee, the Master Servicer or the Special Servicer, as applicable).

 

(b)       The
Certificate Administrator shall, upon receipt, deposit in each of the Lower-Tier Distribution Account, the Excess Interest Distribution
Account, the Interest Reserve Account and the Excess Liquidation Proceeds Reserve Account any and all amounts received by the
Certificate Administrator in accordance with Section 3.06(a)(i) of this Agreement and required to be deposited therein.
If, as of 3:00 p.m., New York City time, on any Master Servicer Remittance Date or on such other date as any amount referred to
in the preceding sentence is required to be delivered hereunder, the Master Servicer shall not have delivered to the Certificate
Administrator for deposit in the Lower-Tier Distribution Account, the Excess Interest Distribution Account, the Interest Reserve
Account and the Excess Liquidation Proceeds Reserve Account the amounts required to be deposited therein pursuant to the provisions
of this Agreement (including, without limitation, Section 3.06(a)(i) of this Agreement), then the Certificate Administrator
shall, to the extent that a Responsible Officer of the Certificate Administrator has such knowledge, provide notice of such failure
to the Master Servicer by facsimile transmission sent to telecopy number (704) 715 0036 (or such alternative number provided by
the Master Servicer to the Certificate Administrator in writing) and by telephone at telephone number (800) 326 1334 (or such
alternative number provided by the Master Servicer to the Certificate Administrator in writing) as soon as possible, but in any
event before 5:00 p.m., New York City time, on such day; provided, however, that the Master Servicer will pay the
Certificate Administrator interest on such late payment at the Prime Rate until such late payment is received by the Certificate
Administrator.

 

(c)       If
any Loss of Value Payments are deposited into the Loss of Value Reserve Fund with respect to any Mortgage Loan or any related
REO Property, then the Special Servicer shall (provided that, with respect to clause (v) below, the Certificate
Administrator shall have provided the Master Servicer and the Special Servicer with five Business Days’ prior notice of
such final Distribution Date) transfer such Loss of Value Payments (up to the remaining portion thereof) from the Loss of Value
Reserve Fund to the Master Servicer for deposit into the Collection Account for the following purposes:

 

(i)       to
reimburse the Master Servicer, the Special Servicer or the Trustee, in accordance with Section 3.06(a) of this Agreement,
for any Nonrecoverable Advance made by such party with respect to such Mortgage Loan or any related REO Property (together with
any related Advance Interest Amounts);

 

(ii)       to
pay, in accordance with Section 3.06(a) of this Agreement, or to reimburse the Trust for the prior payment of, any expense
relating to such Mortgage Loan or any related REO Property that constitutes or, if not paid out of such Loss of Value Payments,
would constitute an Additional Trust Fund Expense, and to pay, in accordance

 

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with Section 3.06(a) of this Agreement, any
unpaid Liquidation Fee due and owing to the Special Servicer with respect to such Mortgage Loan or any related REO Property;

 

(iii)       to
offset any portion of Realized Losses that are attributable to such Mortgage Loan or related REO Property (as calculated without
regard to the application of such Loss of Value Payments), incurred with respect to such Mortgage Loan or any related successor
REO Mortgage Loan;

 

(iv)       following
the occurrence of a Liquidation Event with respect to such Mortgage Loan or any related REO Property and any related transfers
from the Loss of Value Reserve Fund with respect to the items contemplated by the immediately preceding clauses (i)-(iii)
above as to such Mortgage Loan, to cover the items contemplated by the immediately preceding clauses (i)-(iii) in respect
of any other Mortgage Loan or REO Mortgage Loan; and

 

(v)       on
the final Distribution Date after all distributions have been made as set forth in clauses (i) through (iv) above, to each
Mortgage Loan Seller, its pro rata share, based on the amount that it contributed, net of any amount contributed by such
Mortgage Loan Seller that was used pursuant to clauses (i)-(iii) to offset any portion of Realized Losses that are attributable
to such Mortgage Loan or related REO Property, Additional Trust Fund Expenses or any Nonrecoverable Advances incurred with respect
to the Mortgage Loan related to such contribution.

 

Any
Loss of Value Payments transferred to the Collection Account pursuant to clauses (i) - (iii) of the prior paragraph shall
be treated as Liquidation Proceeds received by the Trust in respect of the related Mortgage Loan or any successor REO Mortgage
Loan with respect thereto for which such Loss of Value Payments were received; and any Loss of Value Payments transferred to the
Collection Account pursuant to clause (iv) of the prior paragraph shall be treated as Liquidation Proceeds received by
the Trust in respect of the Mortgage Loan or REO Mortgage Loan for which such Loss of Value Payments are being transferred to
the Collection Account to cover an item contemplated by clauses (i)-(iii) of the prior paragraph.

 

Section
3.06A.      Permitted Withdrawals From the Loan Combination Custodial Account.

 

(a)       The
Master Servicer may make withdrawals from the Loan Combination Custodial Account for each Serviced Loan Combination only as described
below (the order set forth below not constituting an order of priority for such withdrawals), subject to the application of Penalty
Charges and Modification Fees in accordance with the related Co-Lender Agreement and Section 3.14 of this Agreement:

 

(i)       (A)
after the Determination Date, and on or prior to the Business Day immediately preceding the Master Servicer Remittance Date, in
each calendar month (and also on the Business Day immediately following the receipt of any funds from the REO Account for any
REO Property related to such Serviced Loan Combination, if such funds are received after the Determination Date and before the
Distribution Date in any calendar month and were not available for any earlier transfer to the Collection Account

 

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in such calendar
month), to transfer to the Collection Account all amounts on deposit in the Loan Combination Custodial Account payable to the
Trust pursuant to the related Co-Lender Agreement with respect to the related Mortgage Loan (or any successor REO Mortgage Loan),
including any applicable Trust Reimbursement Amount, and (B) on or prior to the related Serviced Loan Combination Remittance Date
in each calendar month (and also on the Business Day immediately following the receipt of any funds from the REO Account for any
REO Property related to such Serviced Loan Combination, if such funds are received after the Determination Date and before the
Distribution Date in any calendar month), to remit to the related Serviced Companion Loan Holder all amounts on deposit in the
Loan Combination Custodial Account payable to such Serviced Companion Loan Holder pursuant to the related Co-Lender Agreement
with respect to the related Serviced Companion Loan (or any successor REO Companion Loan), exclusive of any applicable Trust Reimbursement
Amount;

 

(ii)       to
pay or reimburse the Master Servicer or the Trustee, for Advances made thereby with respect to such Serviced Loan Combination
and any related Advance Interest Amounts (provided that the Trustee shall have priority with respect to such payment or reimbursement
of any such Advances and any related Advance Interest Amounts), the Master Servicer’s right to reimburse any such Person
pursuant to this clause (ii) being limited to late collections (including cure payments by related Serviced Companion Loan Holders)
of the particular item which was the subject of the related Advance, Penalty Charges, Net Condemnation Proceeds, Net REO Proceeds,
Net Insurance Proceeds and Net Liquidation Proceeds on or in respect of the particular Serviced Loan Combination or any related
REO Property; provided, however, that if such Advance has become a Workout-Delayed Reimbursement Amount (but not a Nonrecoverable
Advance), then neither such Workout-Delayed Reimbursement Amount nor any related Advance Interest Amounts shall be reimbursed
or paid, as the case may be, out of payments or other collections of interest (other than Penalty Charges) or Yield Maintenance
Charges on or in respect of the related Mortgage Loan (or any successor REO Mortgage Loan) or the related Serviced Companion Loan
(or any successor REO Companion Loan); and provided, further, that if such Advance is a P&I Advance with respect to the related
Mortgage Loan (or a successor REO Mortgage Loan), then neither such Advance nor any related Advance Interest Amounts shall be
reimbursed or paid, as the case may be, out of, or otherwise result in a reduction of, amounts otherwise payable to the related
Serviced Companion Loan Holder with respect to the related Serviced Companion Loan (or any successor REO Companion Loan), except
that in the case of a Serviced AB Loan Combination, reimbursements or payments, as the case may be, of Advances or any related
Advance Interest Amounts shall be made taking into account the subordinate nature of the related Subordinate Companion Loan(s)
to the extent set forth in, and in accordance with, the related Co-Lender Agreement;

 

(iii)       to
pay on or before each Master Servicer Remittance Date (A) to the Master Servicer as compensation, the aggregate unpaid Servicing
Fee with respect to such Serviced Loan Combination (to the extent not otherwise required to be applied against Prepayment Interest
Shortfalls) in respect of the immediately preceding Interest Accrual Period, to be paid from interest received on the related
Mortgage Loan or Serviced Companion Loan, as applicable, and to pay from time to time to the Master Servicer in

 

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accordance with
Section 3.07(b) any interest or investment income earned on funds deposited in such Loan Combination Custodial Account
and (B) to the Special Servicer as compensation, any Special Servicing Compensation payable with respect to such Serviced Loan
Combination; provided, however, that no Servicing Fees or Special Servicing Compensation earned with respect to the related Mortgage
Loan (or a successor REO Mortgage Loan) shall be payable out of, or otherwise result in a reduction of, amounts otherwise payable
to the related Serviced Companion Loan Holder with respect to the related Serviced Companion Loan (or any successor REO Companion
Loan) (provided that, in the case of a Serviced AB Loan Combination, such payments shall be made taking into account the subordinate
nature of the related Subordinate Companion Loan(s) to the extent set forth in, and in accordance with, the related Co-Lender
Agreement), and no Servicing Fees or Special Servicing Compensation earned with respect to the related Serviced Companion Loan
(or any successor REO Companion Loan) shall be payable out of, or otherwise result in a reduction of, amounts otherwise payable
to the Trust with respect to the related Mortgage Loan (or a successor REO Mortgage Loan) (it being acknowledged and agreed that
this proviso is in no way intended to limit the rights of the Master Servicer or Special Servicer under the related Co-Lender
Agreement to seek payment of any unpaid Servicing Fees or Special Servicing Compensation, as applicable, with respect to any Serviced
Companion Loan from the related Serviced Companion Loan Holder);

 

(iv)       to
pay for costs and expenses incurred by the Trust Fund solely with respect to such Serviced Loan Combination and related REO Property
pursuant to Section 3.10(e) and to pay Liquidation Expenses out of Liquidation Proceeds pursuant to Section 3.11;

 

(v)       to
the extent not reimbursed or paid pursuant to any other clause of this Section 3.06A, to reimburse or pay the Master Servicer,
the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Special Servicer or
the Depositor, as applicable, for unpaid Additional Trust Fund Expenses, Servicing Fees and other unpaid items incurred by or
owing to such Person pursuant to the second sentence of Section 3.07(c), Section 3.08(a), Section 3.08(b),
Section 3.10, the second sentence of Section 3.12(a), the third sentence of Section 3.12(c), Section 3.16(a),
Section 6.03, Section 7.04, the last sentence of Section 8.05(a), Section 8.05(b), Section 8.05(d)
or Section 12.07, or any other provision of this Agreement pursuant to which such Person is entitled to reimbursement
or payment from the Trust Fund, in each case only to the extent expressly reimbursable under such Section and to the extent related
to such Serviced Loan Combination and not related to amounts which are solely expenses of the Trust Fund (such as expenses related
to administration of the Trust Fund or REMIC taxes, penalties or interest or preservation of the REMIC status of each Trust REMIC),
it being acknowledged that this clause (v) shall not be deemed to modify the substance of any such Section, including the provisions
of such Section that set forth the extent to which one of the foregoing Persons is or is not entitled to payment or reimbursement;
provided, however, that no payment or reimbursement to the Operating Advisor, the Asset Representations Reviewer or the Certificate
Administrator or payment or reimbursement of costs and expenses associated with obtaining a Rating Agency Confirmation, shall
be made out of, or otherwise result in a reduction of, amounts

 

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otherwise payable to the related Serviced Companion Loan Holder
with respect to the related Serviced Companion Loan (or successor REO Companion Loan) (provided that, in the case of a Serviced
AB Loan Combination, such payments or reimbursements shall be made taking into account the subordinate nature of the related Subordinate
Companion Loan(s) to the extent set forth in, and in accordance with, the related Co-Lender Agreement), and no payment or reimbursement
of costs and expenses associated with obtaining a Companion Loan Rating Agency Confirmation shall be made out of, or otherwise
result in a reduction of, amounts otherwise payable to the Trust with respect to the related Mortgage Loan (or any successor REO
Mortgage Loan);

 

(vi)        to
make such payments and reimbursements out of Penalty Charges and Modification Fees on deposit in such Loan Combination Custodial
Account as are contemplated by the related Co-Lender Agreement and Section 3.14 of this Agreement;

 

(vii)       to
withdraw any amount deposited into such Loan Combination Custodial Account that was not required to be deposited therein;

 

(viii)      if
the related Serviced Companion Loan (or any successor REO Companion Loan with respect thereto) is part of an Other Securitization
Trust, to the extent required by the related Co-Lender Agreement, to reimburse the applicable party to the related Other Pooling
and Servicing Agreement for any advances of delinquent monthly debt service payments made thereby with respect to such Serviced
Companion Loan (or REO Companion Loan), together with interest thereon, provided that such reimbursement, together with interest,
shall be made solely out of payments and other collections on such Serviced Companion Loan (or REO Companion Loan); or

 

(ix)        to
clear and terminate such Loan Combination Custodial Account pursuant to Section 9.01 of this Agreement.

 

The
Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan-by-Mortgage Loan and Companion Loan-by-Companion
Loan basis, for the purpose of justifying any withdrawal from each Loan Combination Custodial Account pursuant to subclauses (i)
- (ix) above. If and to the extent that the Master Servicer has reimbursed or made payment to itself or any other Person pursuant
to any clause of the prior paragraph above for any cost, expense, indemnity, or Property Advance or Advance Interest Amount thereon
with respect to a Serviced Loan Combination out of monies allocable to the related Mortgage Loan (or any successor REO Mortgage
Loan) to an extent that the Trust has borne some or all of the related Serviced Companion Loan’s allocable share of such
cost, expense, indemnity, or Property Advance or Advance Interest Amount thereon (taking into account the subordinate nature of
any related Subordinate Companion Loan(s) to the extent set forth in, and in accordance with, the related Co-Lender Agreement),
the Master Servicer shall use efforts consistent with the Servicing Standard to collect such amounts disproportionately borne
by the Trust out of collections on such Serviced Companion Loan (or, if and to the extent permitted under the related Co-Lender
Agreement, from the related Serviced Companion Loan Holder) and deposit all such amounts (collectively, with respect to such Serviced
Companion Loan, the “Trust Reimbursement Amount No.2” and, together with Trust Reimbursement Amount No.1, the

 

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“Trust Reimbursement Amount”) collected from or on behalf of the related Serviced Companion Loan Holder into
the Collection Account.

 

The
Master Servicer shall pay to each of the Special Servicer (or to third party contractors at the direction of the Special Servicer),
the Operating Advisor, the Trustee, the Certificate Administrator and an advancing party under any Other Pooling and Servicing
Agreement, as applicable, from the applicable Loan Combination Custodial Account, amounts permitted to be paid thereto from such
account promptly upon receipt of a written statement of an officer of the Special Servicer, an officer of the Operating Advisor,
a Responsible Officer of the Trustee or the Certificate Administrator or an officer of such advancing party under such Other Pooling
and Servicing Agreement, as the case may be, describing the item and amount to which the Special Servicer (or such third party
contractor), the Operating Advisor, the Trustee, the Certificate Administrator or such advancing party under such Other Pooling
and Servicing Agreement, as the case may be, is entitled (unless such payment to the Special Servicer, the Operating Advisor,
the Trustee or the Certificate Administrator, as the case may be, is clearly required pursuant to this Agreement, in which case
a written statement is not required). The Master Servicer may rely conclusively on any such written statement and shall have no
duty to re-calculate the amounts stated therein. The parties seeking payment pursuant to this Section shall each keep and maintain
separate accounting for the purpose of justifying any request for withdrawal from each Loan Combination Custodial Account, on
a loan-by-loan basis.

 

The
Trustee, the Depositor, the Operating Advisor, the Certificate Administrator, the Special Servicer and the Master Servicer shall
in all cases have a right prior to the Certificateholders to any funds on deposit in a Loan Combination Custodial Account from
time to time for the reimbursement or payment of the Servicing Fees (including investment income), or Special Servicing Compensation,
Advances, Advance Interest Amounts and their respective indemnity amounts or expenses hereunder to the extent such fees, indemnity
amounts and expenses are to be reimbursed or paid from amounts on deposit in such Loan Combination Custodial Account pursuant
to this Agreement and the related Co-Lender Agreement (and to have such amounts paid directly to third party contractors for any
invoices approved by the Trustee, the Depositor, the Certificate Administrator, the Master Servicer or the Special Servicer, as
applicable); provided, however, for the avoidance of doubt, neither the Trustee/Certificate Administrator Fees nor
the Operating Advisor Fee shall be paid from funds on deposit in a Loan Combination Custodial Account.

 

After
the Determination Date, and on or prior to the Business Day immediately preceding the Master Servicer Remittance Date, in each
calendar month (and also on the Business Day immediately following the receipt of any funds from the REO Account for any REO Property
related to the applicable Serviced Loan Combination, if such funds are received after the Determination Date and before the Distribution
Date in any calendar month and were not available for any earlier transfer to the Collection Account in such calendar month),
the Master Servicer shall remit for deposit in the Collection Account all amounts on deposit in a Loan Combination Custodial Account
payable to the Trust pursuant to the related Co-Lender Agreement with respect to the related Mortgage Loan (or any successor REO
Mortgage Loan), including any applicable Trust Reimbursement Amount; and on or prior to the related Serviced Loan Combination
Remittance Date in each calendar month (and also on the Business Day immediately following the receipt of any funds from the REO
Account for any REO Property

 

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related to the applicable Serviced Loan Combination, if such funds are received after the Determination
Date and before the Distribution Date in any calendar month), the Master Servicer shall remit to the related Serviced Companion
Loan Holder all amounts on deposit in a Loan Combination Custodial Account payable to such Serviced Companion Loan Holder pursuant
to the related Co-Lender Agreement with respect to the related Serviced Companion Loan (or any successor REO Companion Loan),
exclusive of any applicable Trust Reimbursement Amount, in each case, prior to the required remittance from the Collection Account
to the Certificate Administrator for deposit into the Lower-Tier Distribution Account on such Master Servicer Remittance Date.

 

(b)       Notwithstanding
anything to the contrary contained herein, with respect to each Serviced Companion Loan, the Master Servicer shall withdraw from
the related Loan Combination Custodial Account and remit to the related Serviced Companion Loan Holder, within one (1) Business
Day of receipt of properly identified funds, any amounts that represent late collections or Principal Prepayments received by
the Master Servicer from the related Mortgagor that are allocable to such Serviced Companion Loan or any successor REO Loan with
respect thereto (exclusive of any portion of such amount paid or reimbursed to any third party in accordance with the related
Co-Lender Agreement) unless such amount would otherwise be included in the monthly remittance to the related Serviced Companion
Loan Holder for such month pursuant to Section 3.06A(a) [;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 amounts to the related Serviced Companion Loan Holder 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].

 

Section
3.07      Investment of Funds in the Collection Account, the REO Account, the Mortgagor Accounts, and Other Accounts.

 

(a)       The
Master Servicer, or with respect to any REO Account and any Loss of Value Reserve Fund, the Special Servicer, may direct any depository
institution maintaining the Collection Account, any Loan Combination Custodial Account, any Mortgagor Account (subject to the
second succeeding sentence), any REO Account or any Loss of Value Reserve Fund (each of the Collection Account, any Loan Combination
Custodial Account, any REO Account, any Loss of Value Reserve Fund and any Mortgagor Account, for purposes of this Section
3.07, an “Investment Account”), to invest the funds in such Investment Account in one or more Permitted
Investments that bear interest or are sold at a discount, and that mature, unless payable on demand, no later than the Business
Day preceding the date on which such funds are required to be withdrawn from such Investment Account pursuant to this Agreement.
Any direction by the Master Servicer or the Special Servicer to invest funds on deposit in an Investment Account shall be in writing
and shall certify that the requested investment is a Permitted Investment which matures at or prior to the time required hereby
or is payable on demand. In the case of any Escrow Account or Lock-Box Account (the “Mortgagor Accounts”),
the Master Servicer shall act upon the written request of the related Mortgagor or Manager to the extent the Master Servicer is
required to do so under the terms of the respective Mortgage Loan (or Serviced Loan Combination) or related documents, provided
that in the absence of appropriate written instructions from the related Mortgagor or Manager meeting the requirements of
this

 

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Section 3.07, the Master Servicer shall have no obligation to, but will be entitled to, direct the investment of funds
in such accounts in Permitted Investments. All such Permitted Investments shall be held to maturity, unless payable on demand.
Any investment of funds in an Investment Account shall be made in the name of the Trustee or a nominee of the Trustee (in each
case for the benefit of the Certificateholders). The Trustee (for the benefit of the Certificateholders) shall have sole control
(except with respect to investment direction, which shall be in the control of the Master Servicer (with respect to the Collection
Account, any Loan Combination Custodial Account or any Mortgagor Account) or the Special Servicer (with respect to any REO Accounts
and any Loss of Value Reserve Fund), as applicable, as an independent contractor to the Trust Fund) over each such investment
and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its nominee
(which shall initially be the Master Servicer or the Special Servicer, as applicable), together with any document of transfer,
if any, necessary to transfer title to such investment to the Trustee or its nominee (for the benefit of the Certificateholders).
Neither the Trustee nor the Certificate Administrator shall have any responsibility or liability with respect to the investment
directions of the Master Servicer or the Special Servicer, any Mortgagor or Manager or any losses resulting therefrom, whether
from Permitted Investments or otherwise. The Master Servicer shall have no responsibility or liability with respect to the investment
direction of the Special Servicer, any Mortgagor or Manager or any losses resulting therefrom, whether from Permitted Investments
or otherwise. The Special Servicer shall have no responsibility or liability with respect to the investment direction of the Master
Servicer, any Mortgagor or any property manager or any losses resulting therefrom, whether from Permitted Investments or otherwise.
In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand,
the Master Servicer (or the Special Servicer in the case of REO Accounts and any Loss of Value Reserve Fund), shall: (x) consistent
with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted Investment
may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount
required to be withdrawn on such date; and (y) demand payment of all amounts due thereunder promptly upon determination by the
Master Servicer (or the Special Servicer in the case of REO Accounts and any Loss of Value Reserve Fund) that such Permitted Investment
would not constitute a Permitted Investment in respect of funds thereafter on deposit in the related Investment Account. Amounts
on deposit in each Distribution Account, the Exchangeable Distribution Account, the Excess Interest Distribution Account, the
Excess Liquidation Proceeds Reserve Account and the Interest Reserve Account (each, a “Certificate Administrator Account”)
shall remain uninvested.

 

(b)       All
income and gain realized from investment of funds deposited in any Investment Account shall be for the benefit of the Master Servicer,
except with respect to the investment of funds deposited in (i) any Mortgagor Account to the extent required under the Mortgage
Loan (or Serviced Loan Combination) or applicable law to be for the benefit of the related Mortgagor or (ii) any REO Account and
any Loss of Value Reserve Fund, which shall be for the benefit of the Special Servicer, and if held in the Collection Account,
a Loan Combination Custodial Account or an REO Account, shall be subject to withdrawal by the Master Servicer or the Special Servicer,
as applicable, in accordance with Section 3.06, Section 3.06A or Section 3.16(b) of this Agreement, as applicable. The
Master Servicer (or with respect to any REO Account and any Loss of Value Reserve Fund, the Special Servicer) shall deposit from
its own funds into any applicable Investment Account, the amount of any loss

 

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incurred in respect of any such Permitted Investment
immediately upon realization of such loss (except with respect to losses incurred as a result of the related Mortgagor or Manager
exercising its power under the related Loan Documents to direct such investment in such Mortgagor Account); provided, however,
that the Master Servicer or Special Servicer, as applicable, may reduce the amount of such payment to the extent it forgoes any
investment income in such Investment Account otherwise payable to it. The Master Servicer shall also deposit from its own funds
in any Mortgagor Account the amount of any loss incurred in respect of Permitted Investments, except to the extent that amounts
are invested for the benefit of the Mortgagor under the terms of the Mortgage Loan (or Serviced Loan Combination) or applicable
law. Notwithstanding the foregoing, neither the Master Servicer nor the Special Servicer (in their respective capacities as Master
Servicer and Special Servicer, respectively) shall be required to deposit any loss on an investment of funds in an Investment
Account if such loss is incurred solely as a result of the insolvency of the federal or state chartered depository institution
or trust company that holds such Investment Account, so long as such depository institution or trust company is not the Person
or an Affiliate of the Person maintaining such account hereunder and satisfied the qualifications set forth in the definition
of Eligible Account both (1) at the time such investment was made and (2) as of the date that is 30 days prior to the insolvency.

 

(c)       Except
as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted Investment,
or if a default occurs in any other performance required under any Permitted Investment, the Trustee may, and upon the request
of Holders of Certificates representing greater than 50% of the Percentage Interests of any Class shall, take such action as may
be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. In
the event the Trustee takes any such action, the Trust Fund shall pay or reimburse the Trustee for all reasonable out-of-pocket
expenses, disbursements and advances incurred or made by the Trustee in connection therewith. In the event that the Trustee does
not take any such action, the Master Servicer may, but is not obligated to, take such action at its own cost and expense.

 

Section
3.08      Maintenance of Insurance Policies and Errors and Omissions and Fidelity Coverage.

 

(a)       The
Master Servicer on behalf of the Trustee, as mortgagee of record, shall use efforts consistent with the Servicing Standard to
cause the related Mortgagor to maintain, to the extent required by each Mortgage Loan (other than an Outside Serviced Mortgage
Loan), each Serviced Companion Loan and the Trust Subordinate Companion Loan (except to the extent that the failure to maintain
such insurance coverage is an Acceptable Insurance Default), and if the Mortgagor does not so maintain, shall itself maintain
(subject to the provisions of this Agreement concerning Nonrecoverable Advances and to the extent the Trustee as mortgagee of
record has an insurable interest and to the extent available at commercially reasonable rates), (i) fire and hazard insurance
(and windstorm insurance, if applicable) with extended coverage on the related Mortgaged Property in an amount which is at least
equal to the lesser of (a) one hundred percent (100%) of the then “full replacement cost” of the improvements and
equipment (excluding foundations, footings and excavation costs), without deduction for physical depreciation, and (b) the outstanding
principal balance of the related Mortgage Loan, the related Serviced Companion Loan or such greater amount as is necessary to
prevent any reduction in such policy by reason of the application of co-insurance

 

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provisions and to prevent the Trustee thereunder
from being deemed to be a co-insurer and provided such policy shall include a “replacement cost” rider, (ii) insurance
providing coverage against 18 months (or such longer period or with such extended period endorsement as provided in the related
Mortgage or other Loan Document) of rent interruptions and (iii) such other insurance as is required in the related Mortgage Loan,
the related Serviced Companion Loan and the Trust Subordinate Companion Loan. Subject to Section 3.16 of this Agreement,
the Special Servicer in accordance with the Servicing Standard and to the extent available at commercially reasonable rates (as
determined by the Special Servicer in accordance with the Servicing Standard), shall cause to be maintained for each REO Property
(other than an REO Property related to an Outside Serviced Mortgage Loan) no less insurance coverage than was previously required
of the Mortgagor under the related Loan Documents (except to the extent that the failure to maintain such insurance coverage is
an Acceptable Insurance Default); provided that to the extent the Loan Documents require the related Mortgagor to maintain
insurance with an insurer rated better than as indicated in the definition of “Qualified Insurer”, the Master Servicer
may, without a Rating Agency Confirmation or the approval of the Special Servicer, to the extent consistent with the Servicing
Standard, permit the related Mortgagor to maintain insurance with an insurer that does not meet the requirements of the Loan Documents
so long as the related Mortgagor maintains insurance with an insurer rated at least as indicated in the definition of “Qualified
Insurer”. All insurance for an REO Property shall be from a Qualified Insurer, if available from a Qualified Insurer, and
if not available from a Qualified Insurer, from an insurance provider that is rated the next highest available rating who is offering
such insurance at commercially reasonable rates. Any amounts collected by the Master Servicer or the Special Servicer under any
such policies (other than amounts required to be applied to the restoration or repair of the related Mortgaged Property or amounts
to be released to the Mortgagor in accordance with the terms of the related Loan Documents) shall be deposited into the Collection
Account pursuant to Section 3.05 of this Agreement or the Loan Combination Custodial Account pursuant to Section 3.05A
of this Agreement, as applicable, subject to withdrawal pursuant to Section 3.05, Section 3.05A, Section
3.06 or Section 3.06A of this Agreement. Any cost incurred by the Master Servicer or the Special Servicer in maintaining
any such insurance shall not, for the purpose of calculating distributions to Certificateholders, be added to the unpaid principal
balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. It is understood and agreed
that no other additional insurance other than flood insurance or earthquake insurance subject to the conditions set forth below
is to be required of any Mortgagor or to be maintained by the Master Servicer other than pursuant to the terms of the related
Loan Documents and pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such
additional insurance. If the related Mortgaged Property (other than an REO Property and other than with respect to an Outside
Serviced Mortgage Loan) is located in a federally designated special flood hazard area, the Master Servicer will use efforts consistent
with the Servicing Standard to cause the related Mortgagor to maintain, to the extent required by each Serviced Loan, and if the
related Mortgagor does not so maintain, shall itself obtain (subject to the provisions of this Agreement concerning Nonrecoverable
Advances) and maintain flood insurance in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i)
the unpaid principal balance of the related Mortgage Loan, the related Serviced Companion Loan and the Trust Subordinate Companion
Loan and (ii) the maximum amount of such insurance required by the terms of the related Mortgage Loan, Serviced Loan Combination
or Trust Subordinate Companion Loan and as is available for the related property under the

 

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national flood insurance program (assuming
that the area in which such property is located is participating in such program). If a Mortgaged Property (other than an REO
Property) is related to a Serviced Loan pursuant to which earthquake insurance is required to be maintained pursuant to the terms
of the Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan, the Master Servicer shall use efforts consistent
with the Servicing Standard to cause the related Mortgagor to maintain, and if the related Mortgagor does not so maintain will
itself obtain (subject to the provisions of this Agreement concerning Nonrecoverable Advances and for so long as such insurance
continues to be available at commercially reasonable rates) and maintain earthquake insurance in respect thereof, in the amount
required by the Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan or, if not specified, in-place at
origination. If an REO Property (other than an REO Property related to the Outside Serviced Mortgage Loan) (i) is located in a
federally designated special flood hazard area or (ii) is related to a Serviced Loan with respect to which earthquake insurance
would be appropriate in accordance with the Servicing Standard and such insurance is available at commercially reasonable rates,
the Special Servicer will obtain (subject to the provisions of this Agreement concerning Nonrecoverable Advances) and maintain
flood insurance and/or earthquake insurance in respect thereof providing the same coverage as described in this Section 3.08(a).
Out-of-pocket expenses incurred by the Master Servicer or Special Servicer in maintaining insurance policies pursuant to this
Section 3.08 shall be advanced by the Master Servicer as a Property Advance and shall be reimbursable to the Master Servicer
with interest at the Advance Rate. The Master Servicer (or the Special Servicer, with respect to REO Properties) agrees to prepare
and present, on behalf of itself, the Trustee and the Certificateholders and the Serviced Companion Loan Holders, claims under
each related insurance policy maintained by it pursuant to this Section 3.08(a) in a timely fashion in accordance with
the terms of such policy and to take such reasonable steps as are necessary to receive payment or to permit recovery thereunder.
All insurance policies required to be maintained by the Master Servicer or Special Servicer hereunder shall name the Trustee or
the Master Servicer or the Special Servicer, on behalf of the Trustee as the mortgagee, as loss payee, and shall be issued by
Qualified Insurers, if available from a Qualified Insurer, and if not available from a Qualified Insurer, from an insurance provider
that is rated the next highest available rating who is offering such insurance at commercially reasonable rates. Notwithstanding
the foregoing: (A) the Master Servicer shall not be required to maintain any earthquake or environmental insurance policy on any
Mortgaged Property and the Special Servicer shall not be required to maintain any earthquake or environmental insurance policy
on any REO Property, in each case unless such insurance is required to be maintained under the related Loan Documents and is available
at commercially reasonable rates; provided, however, that neither the Master Servicer nor the Special Servicer shall
have any obligation to maintain such earthquake or environmental insurance policy required under the related Loan Documents if
the originator of the Serviced Mortgage Loan or Serviced Loan Combination waived compliance with such insurance requirements (and
if the applicable Master Servicer does not cause the Mortgagor to maintain or does not itself maintain such earthquake or environmental
insurance policy on any Mortgaged Property, the applicable Special Servicer shall have the right, but not the duty, to obtain,
at the Trust’s expense, earthquake or environmental insurance on any Mortgaged Property securing a Specially Serviced Loan
or an REO Property so long as such insurance is available at commercially reasonable rates); (B) with respect to the Master Servicer’s
obligation to cause the related Mortgagor to maintain such insurance, the Master Servicer shall have no obligation beyond using
its efforts

 

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consistent with the Servicing Standard to cause any Mortgagor to maintain the insurance required to be maintained
or that the lender is entitled to reasonably require, subject to applicable law, under the related Loan Documents; and (C) in
making determinations as to the availability of insurance at commercially reasonable rates or otherwise, the Master Servicer or
the Special Servicer, as applicable, shall, to the extent consistent with the Servicing Standard, be entitled to rely, at its
own expense, on insurance consultants in making such determination and any such determinations by the Master Servicer or the Special
Servicer, as applicable, need not be made more frequently than annually but in any event shall be made at the approximate date
on which the Master Servicer or the Special Servicer, as applicable, receives notice of the renewal, replacement or cancellation
of coverage.

 

Notwithstanding
the foregoing, the Master Servicer or Special Servicer, as applicable, will not be required to maintain, and shall not cause a
Mortgagor to be in default with respect to the failure of the related Mortgagor to obtain, all risk casualty insurance which does
not contain any carve out for terrorist or similar acts, if, and only if, the Special Servicer has determined in accordance with
the Servicing Standard that the failure to maintain such insurance is an Acceptable Insurance Default; provided that, during
the period that the Special Servicer is evaluating such insurance hereunder, the Master Servicer shall not be liable for any loss
related to its failure to require the Mortgagor to maintain terrorism insurance and shall not be in default of its obligations
hereunder as a result of such failure. The Special Servicer shall promptly notify the Master Servicer of each determination under
this paragraph.

 

(b)       (i)
If the Master Servicer or the Special Servicer obtains and maintains a blanket insurance policy insuring against fire and hazard
losses on all of the Mortgaged Properties (other than REO Properties and other than Mortgaged Properties that secure the Outside
Serviced Mortgage Loans) as to which the related Mortgagor has not maintained insurance required by the related Mortgage Loan
or, if applicable, related Serviced Loan Combination or Trust Subordinate Companion Loan (other than any Mortgagor that is required
under the related Loan Documents to maintain insurance with an insurer rated better than as indicated in the definition of “Qualified
Insurer” that maintains insurance with an insurer rated at least as indicated in the definition of “Qualified Insurer”)
or the Special Servicer obtains and maintains a blanket insurance policy insuring against fire and hazard losses on all of the
REO Properties (other than REO Properties acquired in respect of the Outside Serviced Mortgage Loan), as required under this Agreement,
as the case may be, then the Master Servicer or the Special Servicer, as the case may be, shall conclusively be deemed to have
satisfied its respective obligations concerning the maintenance of insurance coverage set forth in Section 3.08(a) of this
Agreement. Any such blanket insurance policy shall be maintained with a Qualified Insurer. A blanket insurance policy may contain
a deductible clause, in which case the Master Servicer or the Special Servicer, as applicable, shall, in the event that (i) there
shall not have been maintained on the related Mortgaged Property a policy otherwise complying with the provisions of Section
3.08(a) of this Agreement, and (ii) there shall have been one or more losses which would have been covered by such a policy
had it been maintained, immediately deposit into the Collection Account or, if applicable, related Loan Combination Custodial
Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause to the
extent that any such deductible exceeds the deductible limitation that pertained to the related Mortgage Loan, Serviced Loan Combination
or Trust Subordinate Companion Loan or, in the absence of any such deductible limitation, the deductible limitation which is consistent

 

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with the Servicing Standard. In connection with its activities as Master Servicer or the Special Servicer hereunder, as applicable,
the Master Servicer and the Special Servicer, respectively, agree to prepare and present, on behalf of itself, the Trustee and
Certificateholder and any related Serviced Companion Loan Holder, claims under any such blanket policy which it maintains in a
timely fashion in accordance with the terms of such policy and to take such reasonable steps as are necessary to receive payment
or permit recovery thereunder.

 

(ii)       If
the Master Servicer causes any Mortgaged Property (other than any REO Property and other than any Mortgaged Property that secures
an Outside Serviced Mortgage Loan) or the Special Servicer causes any REO Property (other than an REO Property acquired in respect
of an Outside Serviced Mortgage Loan) to be covered by a master force placed insurance policy and such policy shall be issued
by a Qualified Insurer and provide no less coverage in scope and amount for such Mortgaged Property or REO Property than the insurance
required to be maintained pursuant to Section 3.08(a) of this Agreement, then the Master Servicer or Special Servicer,
as the case may be, shall conclusively be deemed to have satisfied its respective obligations to maintain insurance pursuant to
Section 3.08(a) of this Agreement. Such policy may contain a deductible clause, in which case the Master Servicer or the
Special Servicer, as applicable, shall, in the event that (i) there shall not have been maintained on the related Mortgaged Property
or REO Property a policy otherwise complying with the provisions of Section 3.08(a), and (ii) there shall have been one
or more losses which would have been covered by such a policy had it been maintained, immediately deposit into the Collection
Account or, if applicable, related Loan Combination Custodial Account from its own funds the amount not otherwise payable under
such policy because of such deductible to the extent that any such deductible exceeds the deductible limitation that pertained
to the related Mortgage Loan and/or related Trust Subordinate Companion Loan or Serviced Companion Loan(s) related thereto, or,
in the absence of any such deductible limitation, the deductible limitation which is consistent with the Servicing Standard.

 

(iii)       In
either case, if the Master Servicer or Special Servicer, as applicable, causes any Mortgaged Property or REO Property to be covered
by such “force-placed” insurance policy, the incremental costs of such insurance applicable to such Mortgaged Property
or REO Property (i.e., other than any minimum or standby premium payable for such policy whether or not any Mortgaged Property
or REO Property is covered thereby) shall be paid as a Property Advance. Any legal fees or other out-of-pocket costs incurred
in accordance with the Servicing Standard in connection with any claim under an insurance policy described above (whether by the
Master Servicer or Special Servicer) shall be paid by, and reimbursable to, the Master Servicer as a Property Advance.

 

(c)       The
Master Servicer and the Special Servicer shall each maintain a fidelity bond in such form as is consistent with the Servicing
Standard and in such amounts that are consistent with the Servicing Standard. The Master Servicer and the Special Servicer each
shall be deemed to have complied with this provision if one of its respective Affiliates has such fidelity bond coverage and,
by the terms of such fidelity bond, the coverage afforded thereunder extends to the Master Servicer or the Special Servicer, as
applicable. In addition, the Master Servicer and the Special Servicer shall each keep in force during the term of this Agreement
a policy or policies of insurance covering loss occasioned by the errors and omissions of its

 

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officers and employees in connection
with its obligations to service the Mortgage Loans and any Serviced Companion Loans or Trust Subordinate Companion Loan hereunder
in such form as is consistent with the Servicing Standard and in such amounts as are consistent with the Servicing Standard. Notwithstanding
the foregoing, so long as the long-term unsecured debt rating or deposit account rating of the Master Servicer (or its corporate
parent) or the Special Servicer (or its corporate parent) is not in any event less than “[__]” as rated by [RA1],
the Master Servicer or the Special Servicer may self-insure for the fidelity bond and errors and omissions coverage otherwise
required above. The Master Servicer shall cause each and every Sub-Servicer for it to maintain or cause to be maintained by an
agent or contractor servicing any Mortgage Loan or Serviced Loan Combination on behalf of such Sub-Servicer, a fidelity bond and
an errors and omissions insurance policy which satisfy the requirements for the fidelity bond and the errors and omissions policy
to be maintained by the Master Servicer to comply with the foregoing. All fidelity bonds and policies of errors and omissions
insurance obtained under this Section 3.08(c) shall be issued by a Qualified Insurer.

 

Section
3.09      Enforcement of Due-On-Sale and Due-On-Encumbrance Clauses; Assumption Agreements; Defeasance Provisions.

 

(a)       Upon
receipt of any request of a waiver or consent in respect of a due-on-sale or due-on-encumbrance provision, the Master Servicer,
with respect to Performing Serviced Loans, and the Special Servicer, with respect to Specially Serviced Loans, shall (i) promptly
analyze such request, including the preparation of written materials in connection with such analysis, and (ii) if approved, close
the related transaction, subject to the consent of the Special Servicer (in the case of Performing Serviced Loans) and the consultation
and/or consent rights (if any) of the related Directing Holder or the consultation rights of any related Serviced Pari Passu Companion
Loan Holder (or its Companion Loan Holder Representative) as provided in this Section 3.09(a) and as otherwise provided
in the related Co-Lender Agreement and this Agreement, and subject to Sections 3.09(b), 3.21, 3.24, 3.25
and Section 3.29; provided, however, that neither the Master Servicer nor the Special Servicer shall enter into any
such agreement to the extent that any terms thereof would result in (i) the imposition of a tax on a Trust REMIC under the REMIC
Provisions or cause either Trust REMIC to fail to qualify as a REMIC or cause the Grantor Trust to fail to qualify as a grantor
trust under subpart E, part I of subchapter J of the Code for federal income tax purposes at any time that any Certificate is
outstanding or (ii) create any lien on a Mortgaged Property that is senior to, or on parity with, the lien of the related Mortgage.
With respect to all Performing Serviced Loans, the Master Servicer and, in the case of Specially Serviced Loans, the Special Servicer,
each in a manner consistent with the Servicing Standard and each on behalf of the Trustee as the mortgagee of record, shall, to
the extent permitted by applicable law, enforce the restrictions contained in the related Loan Documents on transfers or further
encumbrances of the related Mortgaged Property and on transfers or further encumbrances of interests in the related Mortgagor,
unless following its receipt of a request of a waiver or consent in respect of a due-on-sale or due-on-encumbrance provision the
Master Servicer (with the written consent of the Special Servicer, which consent shall be deemed given if not denied within 15
Business Days (or such other time as required by the related Co-Lender Agreement, but in no event less than 5 Business Days after
the time period set forth in such Co-Lender Agreement for review by any related Companion Loan Holder) after the Special Servicer’s
receipt (unless earlier objected to) of the written recommendation and analysis of the Master Servicer for such action and any
additional information reasonably

 

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available to the Master Servicer that the Special Servicer may reasonably request for the analysis
of such request, which recommendation and information may be delivered in an electronic format reasonably acceptable to the Master
Servicer and the Special Servicer) or the Special Servicer, as applicable, has determined, consistent with the Servicing Standard,
that the waiver of such restrictions or granting of consent would be in accordance with the Servicing Standard. Promptly after
the Master Servicer (with the written consent of the Special Servicer to the extent required in the preceding sentence) or the
Special Servicer, as applicable, has made any determination to grant a waiver in respect of a due-on-sale or due-on-encumbrance
provision, the Master Servicer or the Special Servicer, as applicable, shall deliver to the Trustee, the Certificate Administrator,
each other party to this Agreement and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section
11.13 of this Agreement, the Rule 17g-5 Information Provider an Officer’s Certificate setting forth the basis for such
determination; provided that, notwithstanding anything herein to the contrary, no such Officer’s Certificate shall be required
to be delivered if the Master Servicer or Special Servicer, as applicable, is granting consent to an assumption pursuant to this
Section 3.09(a) in accordance with the terms of the related Loan Documents and there is no material waiver of any conditions
or any other provisions of the related Loan Documents with respect thereto. With respect to all Serviced Mortgage Loans, the Trust
Subordinate Companion Loan and each Serviced Loan Combination, the Special Servicer shall, prior to consenting to a proposed action
of the Master Servicer pursuant to this Section 3.09 that constitutes a Major Decision, and prior to itself taking such
an action, obtain the written consent of the related Outside Controlling Note Holder (to the extent set forth in the related Co-Lender
Agreement if a Serviced Outside Controlled Loan Combination is involved) or the Controlling Class Representative (if any other
Serviced Loan(s) are involved and a Control Termination Event does not exist) (or, with respect to any Serviced AB Loan Combination
or Trust AB Loan Combination, prior to the occurrence and continuance of a related AB Control Appraisal Period, the holder of
the related AB Subordinate Companion Loan or the related Subordinate Loan-Specific Directing Certificateholder, to the extent
required under the related intercreditor agreement), as applicable, which consent shall be deemed given ten (10) Business Days
after receipt (unless earlier objected to) by such related Directing Holder (or, with respect to any Serviced AB Loan Combination
or Trust AB Loan Combination, prior to the occurrence and continuance of a related AB Control Appraisal Period, the holder of
the related AB Subordinate Companion Loan or the related Subordinate Loan-Specific Directing Certificateholder, to the extent
required under the related intercreditor agreement) of the written recommendation of the Master Servicer or the Special Servicer,
as applicable, for such action and any additional information the related Directing Holder (or, with respect to any Serviced AB
Loan Combination or Trust AB Loan Combination, prior to the occurrence and continuance of a related AB Control Appraisal Period,
the holder of the related AB Subordinate Companion Loan or the related Subordinate Loan-Specific Directing Certificateholder,
to the extent required under the related intercreditor agreement)may reasonably request for the analysis of such request, which
recommendation and information may be delivered in an electronic format reasonably acceptable to the related Directing Holder
(or, with respect to any Serviced AB Loan Combination or Trust AB Loan Combination, prior to the occurrence and continuance of
a related AB Control Appraisal Period, the holder of the related AB Subordinate Companion Loan or the related Subordinate Loan-Specific
Directing Certificateholder, to the extent required under the related intercreditor agreement)and the Master Servicer or the Special
Servicer, as applicable. In addition, neither the Master Servicer nor the Special Servicer, as applicable, may waive the

 

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rights
of the lender or grant its consent under any “due-on-encumbrance” provision unless (1) the Master Servicer or the
Special Servicer, as applicable, shall have received a prior written Rating Agency Confirmation with respect to such action or
(2) the related Serviced Mortgage Loan or Trust Subordinate Companion Loan (including a Serviced Mortgage Loan related to a Serviced
Loan Combination) (A) represents less than 2% of the principal balance of all of the Mortgage Loans in the Trust Fund, (B) has
a principal balance that is equal to or less than $20,000,000, (C) has a Loan-to-Value Ratio equal to or less than 85% (including
any existing and proposed debt), (D) has a Debt Service Coverage Ratio equal to or greater than 1.20x (in each case, determined
based upon the aggregate of the Stated Principal Balance of the Serviced Mortgage Loan, related Serviced Loan Combination or Trust
Subordinate Companion Loan, as applicable, and the principal amount of the proposed additional lien) and (E) is not one of the
10 largest Mortgage Loans (considering any Cross-Collateralized Group as a single Mortgage Loan) in the Mortgage Pool based on
principal balance (although no such Rating Agency Confirmation will be required if such Serviced Mortgage Loan has a principal
balance less than $10,000,000). Further, neither the Master Servicer nor the Special Servicer, as applicable, may waive the rights
of the lender or grant its consent under any “due-on-sale” provision unless the Master Servicer or the Special Servicer,
as applicable, shall have received a prior written Rating Agency Confirmation with respect to such action unless the related Serviced
Mortgage Loan (including a Serviced Mortgage Loan related to a Serviced Loan Combination) (A) represents less than 5% of the principal
balance of all of the Mortgage Loans in the Trust Fund, (B) has a principal balance that is equal to or less than $35,000,000
and (C) is not one of the 10 largest Mortgage Loans (considering any Cross-Collateralized Group as a single Mortgage Loan) in
the Mortgage Pool based on principal balance (although no such Rating Agency Confirmation will be required if such Serviced Mortgage
Loan has a principal balance less than $10,000,000). For the purposes of this Agreement, due-on-sale provisions shall include,
without limitation, sale or transfers of Mortgaged Properties, in full or in part, or the sale, transfer, pledge or hypothecation
of direct or indirect interests in any Mortgagor or its owner, to the extent prohibited under the related Loan Documents, and
due-on-encumbrance provisions shall include, without limitation, any mezzanine/subordinate financing of any Mortgagor or any Mortgaged
Property or any sale or transfer of preferred equity in any Mortgagor or its owners, to the extent prohibited under the related
Loan Documents.

 

The
Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans)
shall notify in writing the Trustee, the Certificate Administrator, the Special Servicer or the Master Servicer, as applicable,
the Controlling Class Representative (prior to the occurrence and continuance of a Consultation Termination Event), the Operating
Advisor (after the occurrence and during the continuance of a Control Termination Event), the Rule 17g-5 Information Provider
(for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 11.13 of this Agreement) and, with
respect to a Serviced Loan Combination, the related Serviced Companion Loan Holder, of any assumption or substitution agreement
executed pursuant to this Section 3.09(a) and shall forward thereto a copy of such agreement, and shall also deliver an
original to the Trustee or the Custodian of the recorded agreement relating to such assumption or substitution within 15 Business
Days following the execution and receipt thereof by the Master Servicer or the Special Servicer, as applicable.

 

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In
connection with any request for a Rating Agency Confirmation from a Rating Agency pursuant to this Section 3.09(a), the
Master Servicer or the Special Servicer, as applicable, shall deliver a Review Package to the Rule 17g-5 Information Provider
for posting to the Rule 17g-5 Information Provider’s Website in accordance with Section 12.13 of this Agreement.

 

Further,
subject to the terms of the related Loan Documents and applicable law, the Master Servicer or the Special Servicer, as applicable,
shall use reasonable efforts to ensure that all costs in connection with any assumption or encumbrance, including any arising
from seeking a Rating Agency Confirmation, are paid by the related Mortgagor. To the extent not collected from the related Mortgagor
after the use of such efforts, any rating agency charges in connection with the foregoing shall be paid by the Master Servicer
as a Property Advance (or as an Additional Trust Fund Expense if such Property Advance would be a Nonrecoverable Advance).

 

To
the extent not prohibited by the applicable Loan Documents and applicable law, the Master Servicer or Special Servicer, as applicable,
may charge the related Mortgagor a fee in connection with any enforcement or waiver contemplated in this subsection (a); provided
that any such fee shall be applied as if it were a Modification Fee and/or Assumption Fee, as applicable, pursuant to the
terms of this Agreement.

 

(b)       Nothing
in this Section 3.09 shall constitute a waiver of the Trustee’s right, as the mortgagee of record, to receive notice
of any assumption of a Mortgage Loan, any sale or other transfer of the related Mortgaged Property or the creation of any lien
or other encumbrance with respect to such Mortgaged Property.

 

(c)       In
connection with the taking of, or the failure to take, any action pursuant to this Section 3.09, neither the Master Servicer
nor the Special Servicer shall agree to modify, waive or amend, and no assumption or substitution agreement entered into pursuant
to Section 3.09(a) of this Agreement shall contain any terms that are different from, any term of any Mortgage Loan, Serviced
Companion Loan or Trust Subordinate Companion Loan or the related Note, other than pursuant to Section 3.24 of this Agreement.

 

(d)       With
respect to any Mortgage Loan (other than the Outside Serviced Mortgage Loans), Serviced Loan Combination or Trust Subordinate
Companion Loan which permits release of Mortgaged Properties through defeasance, and to the extent consistent with the terms of
the related Loan Documents:

 

(i)        In
the event such Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan requires that the Master Servicer
on behalf of the Trustee purchase the required “government securities” within the meaning of Section 2(a)(16) of the
Investment Company Act of 1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii), the
Master Servicer, an accommodation Mortgagor pursuant to clause (v) below or the Mortgagor shall, at the Mortgagor’s expense
(to the extent consistent with the related Loan Documents), purchase or cause the purchase of such obligations in accordance with
the terms of such Mortgage Loan or Serviced Loan Combination and deliver to the Master Servicer, in the case of the

 

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Mortgagor,
or in the case of the Master Servicer, hold the same on behalf of the Trust Fund and, if applicable, the related Serviced Companion
Loan Holder; provided that, subject to the related Loan Documents, the Master Servicer shall not accept the amounts paid
by the related Mortgagor to effect defeasance until acceptable “government securities” within the meaning of Section
2(a)(16) of the Investment Company Act of 1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii)
have been identified, in each case which are acceptable as defeasance collateral under the then most recently published current
guidelines of the Rating Agencies. [Notwithstanding the foregoing, with respect to each of the Mortgage Loans identified on Exhibit
Q to this Agreement (each, a “Retained Defeasance Rights and Obligations Mortgage Loan” and, collectively,
the “Retained Defeasance Rights and Obligations Mortgage Loans”), the related Mortgage Loan Seller or originator
has transferred to a third party or has retained the right to establish or designate the successor borrower and/or to purchase
or cause to be purchased the related defeasance collateral (“Retained Defeasance Rights and Obligations”).
In the event the Master Servicer receives notice of a defeasance request with respect to a Mortgage Loan that provides for Retained
Defeasance Rights and Obligations in the related Loan Documents, the Master Servicer shall provide, within five (5) Business Days
of receipt of such notice, written notice of such defeasance request to [sponsor]
or [sponsor]’s assignee in the case of the Mortgage Loans for which [sponsor]
is the related Mortgage Loan Seller. Until such time as [sponsor] provides written
notice to the contrary, the notice of a defeasance of a Mortgage Loan with Retained Defeasance Rights and Obligations as to which
[sponsor] is the related Mortgage Loan Seller shall be delivered to [_____________________________].]

 

(ii)       The
Master Servicer shall require, to the extent the related Loan Documents grant the mortgagee discretion to so require, delivery
of an Opinion of Counsel (which shall be an expense of the related Mortgagor to the extent consistent with the related Loan Documents)
to the effect that the Trustee on behalf of the Certificateholders has a first priority security interest in the defeasance deposit
and the “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, or any
other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii), and the assignment thereof is valid and enforceable;
such opinion, together with any other certificates or documents to be required in connection with such defeasance shall be in
form and substance acceptable to the Master Servicer.

 

(iii)      The
Master Servicer shall obtain, to the extent the related Loan Documents grant the mortgagee discretion to so obtain, a certificate
(which shall be an expense of the related Mortgagor to the extent consistent with the related Loan Documents) from an Independent
certified public accountant certifying that the “government securities” within the meaning of Section 2(a)(16) of
the Investment Company Act of 1940, or any other securities that comply with Treasury Regulations Section 1.860G-2(a)(8)(ii),
comply with the requirements of the related Loan Agreement or Mortgage.

 

(iv)      To
the extent consistent with the related Loan Documents, prior to permitting release of any Mortgaged Properties through defeasance,
the Master Servicer shall (at the Mortgagor’s expense) obtain a Rating Agency Confirmation; provided that

 

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 the Master Servicer
shall not be required to obtain such Rating Agency Confirmation from any Rating Agency to the extent that the Master Servicer
has delivered a defeasance certificate to such Rating Agency substantially in the form of Exhibit DD to this Agreement
for any Mortgage Loan that, at the time of such defeasance, is (x) not one of the ten largest Mortgage Loans by Stated Principal
Balance, (y) a Mortgage Loan with a Stated Principal Balance equal to or less than $[35,000,000] and (z) a Mortgage Loan that
represents less than [5]% of the Stated Principal Balance of all Mortgage Loans.

 

(v)       If
the Mortgage Loan or Serviced Loan Combination permits the related Mortgagor or the lender or its designee to cause an accommodation
Mortgagor to assume such defeased obligations, the Master Servicer shall, or shall cause the Mortgagor to, establish at the Mortgagor’s
cost and expense (and shall use efforts consistent with the Servicing Standard to cause the related Mortgagor to consent to such
assumption) a special purpose bankruptcy-remote entity to assume such obligations, as to which the Trustee and the Certificate
Administrator has received a Rating Agency Confirmation (if such confirmation is required pursuant to the then most recently published
guidelines of the Rating Agencies).

 

(vi)      To
the extent consistent with the related Loan Documents, the Master Servicer shall require the related Mortgagor to pay all costs
and expenses incurred in connection with the defeasance of the related Mortgage Loan or Serviced Loan Combination. In the event
that the Mortgagor is not required to pay any such costs and expenses under the terms of the Loan Documents, such costs and expenses
shall be Additional Trust Fund Expenses.

 

(vii)       In
no event shall the Master Servicer have liability to any party hereto or beneficiary hereof for obtaining a Rating Agency Confirmation
(or conditioning approval of defeasance on the delivery of a Rating Agency Confirmation) or for imposing conditions to approval
of a defeasance on the satisfaction of conditions that are consistent with the Servicing Standard but are not required under Rating
Agency guidelines (provided that this shall not protect the Master Servicer from any liability that may be imposed as a
result of the violation of applicable law or the Loan Documents).

 

(viii)       The
Master Servicer may accept as defeasance collateral any “government security,” within the meaning of Treasury Regulation’s
Section 1.860G-(2)(a)(8)(ii), notwithstanding any more restrictive requirements in the Loan Documents; provided, that the Master
Servicer has received an Opinion of Counsel that acceptance of such defeasance collateral will not endanger the status of either
Trust REMIC as a REMIC or result in the imposition of a tax upon either Trust REMIC or the Trust Fund (including but not limited
to the tax on “prohibited transactions” as defined in Section 860F(a)(2) of the Code and the tax on contributions
to a REMIC set forth in Section 860G(d) of the Code, but not including the tax on “net income from foreclosure property”
as set forth in Section 860G(c) of the Code).

 

(e)       Notwithstanding
any other provision of this Section 3.09, without any other approval or consent, the Master Servicer (for Performing Serviced
Loans) or the Special Servicer (for Specially Serviced Loans) may grant and process a Mortgagor’s request for consent

 

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to
subject the related Mortgaged Property to an immaterial easement, right of way or similar agreement for utilities, access, parking,
public improvements or another purpose and may consent to subordination of the related Mortgage Loan or Serviced Loan Combination
to such easement, right of way or similar agreement; provided that in each case, the Master Servicer or Special Servicer,
as applicable, (i) shall have determined in accordance with the Servicing Standard that such easement, right of way or similar
agreement will not materially and adversely affect the operation or value of such Mortgaged Property or the Trust Fund’s
interest in the Mortgaged Property and (ii) shall have determined that such easement, right of way or similar agreement will not
cause either Trust REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding. The Master Servicer
or the Special Servicer may rely on an Opinion of Counsel in making any such determination under clause (ii) above.

 

Section
3.10      Appraisal Reductions; Calculation and Allocation of Collateral Deficiency Amounts; Realization Upon Defaulted Loans.

 

(a)       Promptly
upon the occurrence of an Appraisal Reduction Event with respect to a Serviced Loan, the Special Servicer shall use reasonable
efforts to obtain an updated Appraisal of the related Mortgaged Property, the costs of which shall be advanced by, and reimbursable
to, the Master Servicer as a Property Advance (or shall be an expense of the Trust Fund and paid by the Master Servicer out of
the Collection Account if such Property Advance would be a Nonrecoverable Advance); provided, however, that the
Special Servicer shall not be required to obtain an updated Appraisal of any Mortgaged Property with respect to which there exists
an Appraisal which is less than nine months old unless the Special Servicer determines in accordance with the Servicing Standard
that such previously obtained Appraisal is materially inaccurate. With respect to any Serviced Loan for which an Appraisal Reduction
Event has occurred and still exists, the Special Servicer shall obtain annual letter updates to any updated Appraisal. Any Appraisal
prepared in order to determine the Appraisal Reduction Amount with respect to a Serviced Loan Combination shall be delivered by
the Special Servicer, upon request, to each related Serviced Companion Loan Holder.

 

As
of the first Determination Date following a Serviced Mortgage Loan becoming an AB Modified Loan, the Special Servicer shall calculate
whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent Appraisal
obtained by the Special Servicer with respect to such Serviced Mortgage Loan, and all other information relevant to a Collateral
Deficiency Amount determination. The Master Servicer shall provide (via electronic delivery) the Special Servicer with information
in its possession that is reasonably required to calculate or recalculate any Collateral Deficiency Amount pursuant to the definition
thereof using reasonable efforts to deliver such information within four (4) Business Days of the Special Servicer’s reasonable
written request. Upon obtaining actual knowledge or receipt of notice by the Master Servicer that an Outside Serviced Mortgage
Loan has become an AB Modified Loan, the Master Servicer shall (i) promptly request from the related Outside Servicer, Outside
Special Servicer and Outside Trustee the most recent appraisal with respect to such AB Modified Loan, in addition to all other
information reasonably required by the Master Servicer to calculate whether a Collateral Deficiency Amount exists with respect
to such AB Modified Loan, and (ii) as of the first Determination Date following receipt by the Master Servicer of the appraisal
and any other information set forth in the immediately preceding clause (i) that the Master Servicer reasonably expects to receive
(and does receive

 

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within a reasonable period of time) and reasonably believes is necessary to perform such calculation, calculate
whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent appraisal
obtained by the Master Servicer from the Outside Servicer, Outside Special Servicer or Outside Trustee, as the case may be, with
respect to such Outside Serviced Mortgage Loan, and all other information relevant to a Collateral Deficiency Amount determination.
In connection with its calculation of a Collateral Deficiency Amount with respect to an Outside Serviced Mortgage Loan that has
become an AB Modified Loan, the Master Servicer shall be entitled to conclusively rely on any appraisal or other information received
from the related Outside Servicer, Outside Special Servicer or Outside Trustee. The Master Servicer shall notify the Special Servicer
and the Certificate Administrator of any Collateral Deficiency Amount calculated by the Master Servicer with respect to an Outside
Serviced Mortgage Loan that has become an AB Modified Loan. The Special Servicer and the Certificate Administrator shall be entitled
to conclusively rely on any Collateral Deficiency Amounts calculated by the Master Servicer with respect to an Outside Serviced
Mortgage Loan. Upon any other party to this Agreement obtaining knowledge or receipt of notice that an Outside Serviced Mortgage
Loan has become an AB Modified Loan, such party shall promptly notify the Master Servicer thereof. Neither the Trustee nor the
Certificate Administrator shall calculate or verify any Collateral Deficiency Amount. For the avoidance of doubt, the Master Servicer
shall only calculate Collateral Deficiency Amounts with respect to Outside Serviced Mortgage Loans.

 

The
Certificate Balance of each Class of applicable Certificates shall be notionally reduced (solely for purposes of determining the
identity of the Non-Reduced Certificates and the Controlling Class, as well as the occurrence of a Control Termination Event)
as of any date of determination to the extent of the Appraisal Reduction Amount(s) allocated to such Class on the preceding Distribution
Date. The aggregate Appraisal Reduction Amount for any Distribution Date shall be applied to notionally reduce the Certificate
Balances of the following Classes of Certificates and Class [EC] Regular Interests in the following order of priority: first,
to the Class [H] Certificates; second, to the Class [G] Certificates; third, to the Class [F] Certificates; fourth,
to the Class [E] Certificates; fifth, to the Class [D] Certificates; sixth, to the Class [C] Regular Interest (and
correspondingly, the Class [C] Certificates and the Class [EC] Component [C], pro rata based on their respective percentage
interests therein); seventh, to the Class [B] Regular Interest (and correspondingly, the Class [B] Certificates and the
Class [EC] Component [B], pro rata based on their respective percentage interests therein); eighth, to the Class
[A-S] Regular Interest (and correspondingly, the Class [A-S] Certificates and the Class [EC] Component [A-S], pro rata
based on their respective percentage interests therein); and finally, pro rata to the (i) Class [A-1] Certificates, (ii)
Class [A-2] Certificates, (iii) Class [A-3] Certificates, (iv) Class [A-4] Certificates and (v) Class [A-AB] Certificates, based
on their respective Certificate Balances (provided in each case that no Certificate Balance in respect of any such Class may be
notionally reduced below zero). In addition, as of any date of determination for purposes of determining the Controlling Class
or the occurrence of a Control Termination Event, and after taking into account the allocations contemplated by the prior sentence,
the Collateral Deficiency Amounts shall be applied to notionally reduce the Certificate Balance of each Class of the Control Eligible
of Certificates in the following order of priority (in each case after taking into account any Appraisal Reduction Amounts allocated
thereto): first, to the Class H Certificates; second, to the Class G Certificates; third, to the Class F
Certificates; and fourth, to the Class E Certificates (provided in each case that no Certificate

 

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Balance in respect of
any such Class may be notionally reduced below zero). For the avoidance of doubt, for purposes of determining the Controlling
Class or the occurrence of a Control Termination Event, any Class of Control Eligible Certificates shall be allocated both applicable
Appraisal Reduction Amounts and applicable Collateral Deficiency Amounts (the sum of which shall constitute the applicable Cumulative
Appraisal Reduction Amount), in accordance with the preceding two sentences.

 

With
respect to any Appraisal Reduction Amount calculated for the purposes of determining the Non-Reduced Certificates or, to the extent
expressly set forth herein, for the purposes of allocating and/or exercising Voting Rights in connection with certain circumstances
involving the termination of certain parties hereto, and with respect to any Appraisal Reduction Amount or Collateral Deficiency
Amount calculated for purposes of determining the Controlling Class or the occurrence of a Control Termination Event, the appraised
value of the related Mortgaged Property shall be determined on an “as-is” basis.

 

Each
of the Master Servicer and the Special Servicer (in each case, to the extent any such amount is required to be calculated by it)
shall promptly notify the other such party, the Operating Advisor and the Certificate Administrator of the determination and any
redetermination of (i) any Appraisal Reduction Amount, (ii) any Collateral Deficiency Amount, and (iii) any resulting Cumulative
Appraisal Reduction Amount by providing such information in the CREFC® Appraisal Reduction Template, and the Certificate
Administrator shall promptly post notice of the determination of any such Appraisal Reduction Amount, Collateral Deficiency Amount
and/or Cumulative Appraisal Reduction Amount, as applicable, including such CREFC® Appraisal Reduction Template,
on the Certificate Administrator’s website.

 

Any
Appraisal Reduction Amounts with respect to each Serviced Loan Combination shall be allocated, first, to any related Serviced
Subordinate Companion Loan(s) (up to the outstanding principal balance(s) thereof), and then, to the related Serviced Mortgage
Loan and any related Serviced Pari Passu Companion Loan(s), on a pro rata and pari passu basis in accordance with the respective
outstanding principal balances of such related Serviced Mortgage Loan and the related Serviced Pari Passu Companion Loan(s).

 

The
Holders of the majority (by Certificate Balance) of an Appraised-Out Class shall have the right, at their sole expense, to require
the Special Servicer to order a second Appraisal of the Mortgaged Property securing any Serviced Loan as to which there exists
an Appraisal Reduction Amount or a Collateral Deficiency Amount (such Holders, the “Requesting Holders”). The
Special Servicer shall use its reasonable efforts to cause such Appraisal to be (i) delivered within 30 days from receipt of the
Requesting Holders’ written request and (ii) prepared on an “as-is” basis by an Appraiser in accordance with
MAI standards. Upon receipt of such second Appraisal, the Special Servicer shall determine, in accordance with the Servicing Standard,
whether, based on its assessment of such second Appraisal, any recalculation of the applicable Appraisal Reduction Amount or Collateral
Deficiency Amount is warranted and, if so warranted, the Special Servicer shall recalculate such Appraisal Reduction Amount or
Collateral Deficiency Amount, as applicable, based upon such second Appraisal and receipt of information reasonably requested
by the Special Servicer from the Master Servicer and reasonably required to calculate or recalculate the Appraisal Reduction Amount
or Collateral Deficiency Amount, as applicable. If required by any such recalculation, the applicable

 

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 Appraised-Out Class shall
be reinstated as the Controlling Class and each other Appraised-Out Class shall, if applicable, have its related Certificate Balance
notionally restored to the extent required by such recalculation of the Appraisal Reduction Amount or Collateral Deficiency Amount,
as applicable. The Special Servicer shall promptly deliver notice to the Certificate Administrator and the Master Servicer of
any such determination and recalculation, and the Certificate Administrator shall promptly post such notice to the Certificate
Administrator’s Website.

 

Any
Appraised-Out Class as to which one or more Holders are Requesting Holders challenging the Special Servicer’s Appraisal
Reduction Amount or Collateral Deficiency Amount determination may not exercise any direction, control, consent and/or similar
rights of the Controlling Class until such time, if any, as such Class is reinstated as the Controlling Class and no Control Termination
Event exists, and the rights of the Controlling Class shall be exercised by the most subordinate Class of Control Eligible Certificates
that is not an Appraised-Out Class, if any, during such period.

 

Appraisals
that are to be obtained by the Special Servicer at the request of, Holders of an Appraised-Out Class shall be in addition to any
Appraisals that the Special Servicer may otherwise be required to obtain in accordance with the Servicing Standard or this Agreement
without regard to any appraisal requests made by any Holder of an Appraised-Out Class.

 

(b)       In
connection with any foreclosure, enforcement of the Loan Documents or other acquisition, the Master Servicer in accordance with
Section 3.20 of this Agreement shall pay the out-of-pocket costs and expenses in any such proceedings as a Property Advance
unless the Master Servicer determines, in its good faith judgment exercised in accordance with the Servicing Standard, that such
Advance would constitute a Nonrecoverable Advance (in which case such costs shall be an expense of the Trust Fund and paid by
the Master Servicer out of the Collection Account). The Master Servicer shall be entitled to reimbursement of Advances (with interest
at the Advance Rate) made pursuant to the preceding sentence to the extent permitted by Section 3.06(a)(ii) of this Agreement.

 

Subject
to Section 3.21 of this Agreement, if the Special Servicer elects to proceed with a non-judicial foreclosure in accordance
with the laws of the state where the Mortgaged Property is located, the Special Servicer shall not be required to pursue a deficiency
judgment against the related Mortgagor or any other liable party if the laws of the state do not permit such a deficiency judgment
after a non-judicial foreclosure or if the Special Servicer determines, in accordance with the Servicing Standard, that the likely
recovery if a deficiency judgment is obtained will not be sufficient to warrant the cost, time, expense and/or exposure of pursuing
the deficiency judgment and such determination is evidenced by an Officer’s Certificate delivered to the Trustee, the Certificate
Administrator, any related Outside Controlling Note Holder and (prior to the occurrence and continuance of a Consultation Termination
Event) the Controlling Class Representative.

 

In
the event that title to any Mortgaged Property (other than any Mortgaged Property related to an Outside Serviced Mortgage Loan)
is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be issued to the Trustee,
to a co-trustee or 

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to its nominee (which shall not include the Master Servicer but may be a single member limited liability company
owned by the Trust and managed by the Special Servicer) or a separate trustee or co-trustee on behalf of the Trustee as holder
of the Lower-Tier Regular Interests and on behalf of the holders of the Certificates and, if applicable, and the related Serviced
Companion Loan Holders. Notwithstanding any such acquisition of title and cancellation of the related Serviced Mortgage Loan,
the related Serviced Mortgage Loan shall (except for purposes of Section 9.01) be considered to be an REO Mortgage Loan
held in the Trust Fund until such time as the related REO Property shall be sold by the Trust Fund and shall be reduced only by
collections net of expenses.

 

(c)       Notwithstanding
any provision to the contrary, the Special Servicer shall not acquire for the benefit of the Trust Fund any personal property
pursuant to this Section 3.10 unless either:

 

(i)        such
personal property is (in the good faith judgment of the Special Servicer) incident to real property (within the meaning of Code
Section 856(e)(1)) so acquired by the Special Servicer for the benefit of the Trust Fund; or

 

(ii)       the
Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense of the Trust Fund)
to the effect that the holding of such personal property by the Trust Fund will not cause the imposition of a tax on a Trust REMIC
under the REMIC Provisions or cause either Trust REMIC to fail to qualify as a REMIC for federal income tax purposes or cause
the Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes at any time that any Certificate is outstanding.

 

(d)       Notwithstanding
any provision to the contrary in this Agreement, neither the Special Servicer nor the Master Servicer shall, on behalf of the
Trust Fund or, if applicable, the related Serviced Companion Loan Holder, obtain title to any direct or indirect partnership or
membership interest or other equity interest in any Mortgagor pledged pursuant to any pledge agreement, unless the Master Servicer
or the Special Servicer shall have requested and received an Opinion of Counsel (which opinion shall be an expense of the Trust
Fund) to the effect that the holding of such partnership or membership interest or other equity interest by the Trust Fund will
not cause the imposition of a tax on a Trust REMIC under the REMIC Provisions or cause either Trust REMIC to fail to qualify as
a REMIC for federal income tax purposes or cause the Grantor Trust to fail to qualify as a grantor trust for federal income tax
purposes at any time that any Certificate is outstanding.

 

(e)       Notwithstanding
any provision to the contrary contained in this Agreement, the Special Servicer shall not, on behalf of the Trust Fund or, if
applicable, the related Serviced Companion Loan Holders, obtain title to a Mortgaged Property as a result of foreclosure or by
deed in lieu of foreclosure or otherwise, obtain title to any direct or indirect partnership or membership interest in any Mortgagor
pledged pursuant to a pledge agreement and thereby be the beneficial owner of a Mortgaged Property, and shall not otherwise acquire
possession of, or take any other action with respect to, any Mortgaged Property if, as a result of any such action, the Custodian,
the Trustee, the Certificate Administrator or the Trust Fund or the Certificateholders (including the Holders of the Class [LOAN-SPECIFIC]
Certificates, if

 

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applicable) or, if applicable, the related Serviced Companion Loan Holders, would be considered to hold title
to, or be a mortgagee-in-possession of, or to be an “owner” or “operator” of such Mortgaged Property within
the meaning of the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended from time to time,
or any comparable law, unless the Special Servicer has previously determined in accordance with the Servicing Standard, based
on an updated environmental assessment report prepared by an Independent Person who regularly conducts environmental audits, that:

 

(i)        such
Mortgaged Property is in compliance with applicable environmental laws or, if not, after consultation with an environmental consultant,
that it would be in the best economic interest of the Trust Fund and any related Serviced Companion Loan Holder (as a collective
whole) to take such actions as are necessary to bring such Mortgaged Property in compliance therewith; and

 

(ii)       there
are no circumstances present at such Mortgaged Property relating to the use, management or disposal of any Hazardous Materials
for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any currently effective
federal, state or local law or regulation, or that, if any such Hazardous Materials are present for which such action could be
required, after consultation with an environmental consultant, it would be in the best economic interest of the Trust Fund and
any related Serviced Companion Loan Holder(s) (as a collective whole as if the Trust Fund and, if applicable, any related Serviced
Companion Loan Holder(s) constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account
the subordinate nature of any related Subordinate Companion Loan)) to take such actions with respect to the affected Mortgaged
Property as could be required by such law or regulation.

 

In
the event that the environmental assessment first obtained by the Special Servicer with respect to a Mortgaged Property indicates
that such Mortgaged Property may not be in compliance with applicable environmental laws or that Hazardous Materials may be present
but does not definitively establish such fact, the Special Servicer shall cause such further environmental tests to be conducted
by an Independent Person who regularly conducts such tests as the Special Servicer shall deem prudent to protect the interests
of Certificateholders and any related Serviced Companion Loan Holder. Any such tests shall be deemed part of the environmental
assessment obtained by the Special Servicer for purposes of this Section 3.10.

 

In
the event that the Special Servicer seeks to obtain title to a Mortgaged Property on behalf of the Trust Fund and any related
Serviced Companion Loan Holder, the Special Servicer may, in its discretion, establish a single member limited liability company
with the Trust Fund and any related Serviced Companion Loan Holder as the sole owner to hold title to such Mortgaged Property.

 

(f)       The
environmental assessment contemplated by Section 3.10(e) of this Agreement shall be prepared within three months of the
determination that such assessment is required by any Independent Person who regularly conducts environmental audits for purchasers
of commercial property where the Mortgaged Property is located, as determined by the Special Servicer in a manner consistent with
the Servicing Standard and, if applicable, any secured

 

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creditor impaired property policy issued on or prior to the Closing Date
with respect to any Mortgage Loan (including that the environmental assessment identify any potential pollution conditions (as
defined in the environmental insurance policy) with respect to the related Mortgaged Property). The Master Servicer shall advance
the cost of preparation of such environmental assessments unless the Master Servicer determines, in its good faith judgment, that
such Advance would be a Nonrecoverable Advance (in which case such costs shall be an expense of the Trust Fund and paid by the
Master Servicer out of the Collection Account). The Master Servicer shall be entitled to reimbursement of Advances (with interest
at the Advance Rate) made pursuant to the preceding sentence in the manner set forth in Section 3.06 of this Agreement.
Copies of any environmental assessment prepared pursuant to Section 3.10(e) of this Agreement shall be provided to the
Certificateholder of any Regular Certificates and any related Serviced Companion Loan Holder upon written request to the Special
Servicer.

 

(g)       If
the Special Servicer determines pursuant to Section 3.10(e)(i) of this Agreement that a Mortgaged Property is not in compliance
with applicable environmental laws, but that it is in the best economic interest of the Trust Fund and any related Serviced Companion
Loan Holder, as a collective whole as if the Trust Fund and any related Serviced Companion Loan Holder constituted a single lender
(and, in the case of a Serviced AB Loan Combination, taking into account the subordinate nature of any related Subordinate Companion
Loan), to take such actions as are necessary to bring such Mortgaged Property in compliance therewith, or if the Special Servicer
determines pursuant to Section 3.10(e)(ii) of this Agreement that the circumstances referred to therein relating to Hazardous
Materials are present, but that it is in the best economic interest of the Trust Fund and any related Serviced Companion Loan
Holder, as a collective whole as if the Trust Fund and any related Serviced Companion Loan Holder constituted a single lender
(and, in the case of a Serviced AB Loan Combination, taking into account the subordinate nature of any related Subordinate Companion
Loan), to take such action with respect to the containment, clean-up or remediation of Hazardous Materials affecting such Mortgaged
Property as is required by law or regulation, then the Special Servicer shall take such action as it deems to be in the best economic
interest of the Trust Fund and any related Serviced Companion Loan Holder, as a collective whole as if the Trust Fund and any
related Serviced Companion Loan Holder constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking
into account the subordinate nature of any related Subordinate Companion Loan). The Master Servicer shall pay the cost of any
such compliance, containment, clean-up or remediation from the Collection Account.

 

(h)       The
Special Servicer shall notify the Master Servicer of any abandoned and/or foreclosed properties which require reporting to the
IRS and shall provide the Master Servicer with all information regarding forgiveness of indebtedness and required to be reported
with respect to any Mortgage Loan or Serviced Companion Loan or Trust Subordinate Companion Loan which is abandoned or foreclosed
and the Master Servicer shall report to the IRS and the related Mortgagor, in the manner required by applicable law, such information
and the Master Servicer shall report, via IRS Form 1099C, all forgiveness of indebtedness to the extent such information has been
provided to the Master Servicer by the Special Servicer. Upon request, the Master Servicer shall deliver a copy of any such report
to the Trustee, the Certificate Administrator and, if affected, to any related Serviced Companion Loan Holder.

 

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Section
3.11    Trustee and Certificate Administrator to Cooperate; Release of Mortgage Files. Upon
the payment in full of any Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan or the receipt by the
Master Servicer or the Special Servicer of a notification that payment in full has been escrowed in a manner customary for
such purposes, the Master Servicer or the Special Servicer shall immediately notify the Trustee, the Certificate
Administrator and the Custodian and, if affected, the related Serviced Companion Loan Holder by delivery of a certification
(which certification shall include a statement to the effect that all amounts received or to be received in connection with
such payment which are required to be deposited in the Collection Account pursuant to Section 3.05 of this Agreement
have been or will be so deposited) of a Servicing Officer and shall request delivery to it of the Mortgage File. No expenses
incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Trust
Fund.

 

From
time to time upon request of the Master Servicer or Special Servicer and delivery to the Custodian of a Request for Release, the
Certificate Administrator shall promptly cause the Custodian to release the Mortgage File (or any portion thereof) designated
in such Request for Release to the Master Servicer or Special Servicer, as applicable. Upon return of the foregoing to the Custodian,
or in the event of a liquidation or conversion of the Mortgage Loan or Serviced Loan Combination into an REO Property, receipt
by the Trustee and the Certificate Administrator of a certificate of a Servicing Officer stating that such Mortgage Loan or Serviced
Loan Combination was liquidated and that all amounts received or to be received in connection with such liquidation which are
required to be deposited into the Collection Account have been so deposited, or that such Mortgage Loan or Serviced Loan Combination
has become an REO Property, the Custodian shall deliver a copy of the Request for Release to the Master Servicer or Special Servicer,
as applicable.

 

Within
three (3) Business Days, after receipt of written certification of a Servicing Officer, the Trustee shall execute and deliver
to the Special Servicer any court pleadings, requests for trustee’s sale or other documents prepared by the Special Servicer,
its agents or attorneys and reasonably acceptable to the Trustee, necessary to the foreclosure or trustee’s sale in respect
of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Loan or Serviced
Loan Combination, or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Loan Documents
or otherwise available at law or in equity. Each such certification shall include a request that such pleadings or documents be
executed by the Trustee and a statement as to the reason such documents or pleadings are required, and that the execution and
delivery thereof by the Trustee will not invalidate or otherwise affect the lien of the Mortgage or other security agreement,
except for the termination of such a lien upon completion of the foreclosure or trustee’s sale.

 

If
from time to time, pursuant to the terms of the Co-Lender Agreement and the applicable Outside Servicing Agreement related to
an Outside Serviced Mortgage Loan, and as appropriate for enforcing the terms of, or otherwise properly servicing, such Outside
Serviced Mortgage Loan, the related Outside Servicer, the related Outside Special Servicer or other similar party requests delivery
to it of the original Note for such Outside Serviced Mortgage Loan, then such party shall deliver a Request for Release in the
form of Exhibit C attached hereto to the Custodian and the Custodian shall release or cause the release of such original
Note to the requesting party or its designee. In connection with the release of the original Note for an

 

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Outside Serviced Mortgage
Loan in accordance with the preceding sentence, the Custodian shall obtain such documentation as is appropriate to evidence the
holding by the related Outside Servicer, the related Outside Special Servicer or such other similar party, as the case may be,
of such original Mortgage Note as custodian on behalf of and for the benefit of the Trustee.

 

Section
3.12      Servicing Fees, Trustee/Certificate Administrator Fees and Special Servicing Compensation.

 

(a)       As
compensation for its activities hereunder, the Master Servicer shall be entitled, with respect to each Mortgage Loan, Trust Subordinate
Companion Loan and REO Mortgage Loan and REO Trust Subordinate Companion Loan (including the Outside Serviced Mortgage Loan but
excluding the Outside Serviced Companion Loans) and each Serviced Companion Loan and REO Companion Loan that is included as part
of a Serviced Loan Combination and each Interest Accrual Period, to the Servicing Fee, which shall be payable from amounts on
deposit in the Collection Account and/or, in the case of a Serviced Loan Combination or portion thereof, the related Loan Combination
Custodial Account as set forth in Section 3.06(a)(iii) and Section 3.06(a)(vii) and/or Section 3.06A of this
Agreement, as applicable. In addition, the Master Servicer shall be entitled to receive, as additional servicing compensation,
(i) [__]% of any Excess Modification Fees with respect to a modification, waiver, extension or amendment of a Performing Serviced
Loan or Trust Subordinate Companion Loan, as applicable, agreed to by the Master Servicer pursuant to Section 3.24 of this
Agreement that did not require the approval of the Special Servicer, (ii) [__]% of any Excess Modification Fees with respect to
a modification, waiver, extension or amendment of a Performing Serviced Loan or Trust Subordinate Companion Loan consented to
by the Special Servicer pursuant to Section 3.24 of this Agreement, (iii) [__]% of any defeasance fee received in connection
with a defeasance of a Serviced Loan or Trust Subordinate Companion Loan as contemplated under Section 3.09 of this Agreement,
(iv) [__]% of any Assumption Fees with respect to a Performing Serviced Loan or Trust Subordinate Companion Loan consented to
by the Master Servicer that did not require the approval of the Special Servicer, (v) [__]% of any Assumption Fees with respect
to a Performing Serviced Loan or Trust Subordinate Companion Loan consented to by the Special Servicer, (vi) the aggregate Prepayment
Interest Excess (exclusive of any portion thereof attributable to an Outside Serviced Mortgage Loan), but only to the extent such
amount is not required to be included in any Compensating Interest Payment, in each case to the extent received and not required
to be deposited or retained in the Collection Account pursuant to Section 3.05 of this Agreement, (vii) [__]% of Ancillary
Fees (other than fees for insufficient or returned checks) and assumption application fees actually received from Mortgagors on
Performing Serviced Loans or the Trust Subordinate Companion Loan, (viii) [__]% of Consent Fees with respect to a Performing Serviced
Loan or Trust Subordinate Companion Loan that did not require the approval of the Special Servicer, (ix) [__]% of any Consent
Fees with respect to a Performing Serviced Loan or Trust Subordinate Companion Loan consented to by the Special Servicer, (x)
[__]% of Excess Penalty Charges paid by the Mortgagors with respect to any Mortgage Loan or Trust Subordinate Companion Loan (other
than an Outside Serviced Mortgage Loan) other than Excess Penalty Charges accrued during the period such Mortgage Loan is a Specially
Serviced Loan, (xi) [__]% of fees for insufficient or returned checks actually received from Mortgagors on all Serviced Loans,
and (xii) in the case of any ARD Mortgage Loan, [__]% of any extension fee actually paid by the related Mortgagor in connection
with the Mortgagor’s option to exercise the related Anticipated Repayment Date option pursuant to the related Loan

 

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Documents
unless the Special Servicer’s consent is required, then [__]% of any such extension fee; provided, however, that
the Master Servicer shall not be entitled to apply or retain any amounts described in clauses (i) through (v) above as additional
compensation with respect to a specific Mortgage Loan or Serviced Loan Combination, as applicable, with respect to which a default
or event of default thereunder has occurred and is continuing unless and until such default or event of default has been cured
(or has been waived in accordance with the terms of this Agreement) and all delinquent amounts required to have been paid by the
Mortgagor, Advance Interest Amounts and Additional Trust Fund Expenses (other than Special Servicing Fees, Workout Fees and Liquidation
Fees) both (x) due with respect to such Mortgage Loan or Serviced Loan Combination, as applicable, and (y) in the case of expense
items, that arose within the last 12 months, have been paid. The Master Servicer shall also be entitled pursuant to, and to the
extent provided for in Sections 3.06(a)(iii), Section 3.06(A) and Section 3.07(b), to withdraw from the Collection
Account and the Loan Combination Custodial Accounts and to receive from any Mortgagor Accounts (to the extent not payable to the
related Mortgagor under a Mortgage Loan or Serviced Loan Combination or applicable law) any interest or other income earned on
deposits therein. Interest or other income earned on funds in the Collection Account, Loan Combination Custodial Account and Mortgagor
Accounts (to the extent consistent with the related Loan Documents), shall be paid to the Master Servicer as additional servicing
compensation and interest or other income earned on funds in any REO Account shall be payable to the Special Servicer.

 

[master
servicer] and any successor holder of the Excess Servicing Fee Rights shall be entitled, at any time, at its own expense,
to transfer, sell, pledge or otherwise assign such Excess Servicing Fee Rights in whole (but not in part), in either case, to
any Qualified Institutional Buyer or Institutional Accredited Investor (other than a Plan); provided that no such transfer,
sale, pledge or other assignment shall be made unless (i) that transfer, sale, pledge or other assignment is exempt from the registration
and/or qualification requirements of the Securities Act and any applicable state securities laws and is otherwise made in accordance
with the Securities Act and such state securities laws, (ii) the prospective transferor shall have delivered to the Depositor
a certificate substantially in the form attached as Exhibit CC-1 to this Agreement, and (iii) the prospective transferee
shall have delivered to [master servicer] and the Depositor a certificate substantially
in the form attached as Exhibit CC-2 to this Agreement. None of the Depositor, the Trustee, the Certificate Administrator,
the Operating Advisor or the Certificate Registrar is obligated to register or qualify an Excess Servicing Fee Right under the
Securities Act or any other securities law or to take any action not otherwise required under this Agreement to permit the transfer,
sale, pledge or assignment of an Excess Servicing Fee Right without registration or qualification. [master
servicer] and each holder of an Excess Servicing Fee Right desiring to effect a transfer, sale, pledge or other assignment
of such Excess Servicing Fee Right shall, and [master servicer] hereby agrees,
and each such holder of an Excess Servicing Fee Right by its acceptance of such Excess Servicing Fee Right shall be deemed to
have agreed, in connection with any transfer of such Excess Servicing Fee Right effected by such Person, to indemnify the Certificateholders,
the Trust, the Depositor, the Underwriters, the Initial Purchasers, the Certificate Administrator, the Trustee, the Custodian,
the Master Servicer, the Operating Advisor, the Certificate Registrar and the Special Servicer against any liability that may
result if such transfer is not exempt from registration and/or qualification under the Securities Act or other applicable federal
and state securities laws or is not made in accordance with such federal and state laws or in accordance

 

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with the foregoing provisions
of this paragraph. By its acceptance of an Excess Servicing Fee Right, the holder thereof shall be deemed to have agreed not to
use or disclose any information received in connection with its acquisition and holding of such Excess Servicing Fee Right in
any manner that could result in a violation of any provision of the Securities Act or other applicable securities laws or that
would require registration of such Excess Servicing Fee Right or any Certificate pursuant to the Securities Act. From time to
time following any transfer, sale, pledge or assignment of an Excess Servicing Fee Right, the Person then acting as the Master
Servicer shall pay, out of each amount paid to such Master Servicer as Servicing Fees with respect to each related Mortgage Loan
or REO Mortgage Loan, as the case may be, the related Excess Servicing Fees to the holder of such Excess Servicing Fee Right within
one (1) Business Day following the payment of such Servicing Fees to the Master Servicer, in each case in accordance with payment
instructions provided by such holder in writing to the Master Servicer. The holder of an Excess Servicing Fee Right shall not
have any rights under this Agreement except as set forth in the preceding sentences of this paragraph. None of the Certificate
Administrator, the Certificate Registrar, the Operating Advisor, the Depositor, the Special Servicer, the Trustee or the Custodian
shall have any obligation whatsoever regarding payment of the Excess Servicing Fee or the assignment or transfer of the Excess
Servicing Fee Right.

 

Except
as otherwise provided herein, the Master Servicer shall pay all expenses incurred by it in connection with its servicing activities
hereunder, including all fees of any Sub-Servicers retained by it.

 

The
Master Servicer will not be entitled to retain any portion of Excess Interest paid on any Mortgage Loan. Notwithstanding anything
herein to the contrary, in the case of a Serviced Loan Combination, in no event shall Servicing Fees with respect to the related
Mortgage Loan (including an REO Mortgage Loan) be payable out of payments and other collections with respect to the related Serviced
Pari Passu Companion Loan(s), and in no event shall Servicing Fees with respect to the related Serviced Pari Passu Companion Loan(s)
(including an REO Companion Loan) be payable out of payments and other collections with respect to the related Mortgage Loan or
the Mortgage Pool. In addition, with respect to any Serviced Subordinate Companion Loan, in no event shall Servicing Fees with
respect to such Serviced Subordinate Companion Loan (including an REO Companion Loan) be payable out of payments and other collections
with respect to any related Serviced Pari Passu Companion Loan(s), the related Mortgage Loan or the Mortgage Pool. This paragraph
is in no way intended to limit the rights, if any, of the Master Servicer under the related Co-Lender Agreement to seek payment
of unpaid Servicing Fees with respect to any Serviced Companion Loan from the related Serviced Companion Loan Holder.

 

(b)       As
compensation for its activities hereunder, on each Distribution Date the Trustee shall be entitled with respect to each Mortgage
Loan and Trust Subordinate Companion Loan to its portion of the Trustee/Certificate Administrator Fee, and the Certificate Administrator
shall be entitled with respect to each Mortgage Loan and Trust Subordinate Companion Loan to its portion of the Trustee/Certificate
Administrator Fee. The Certificate Administrator shall pay the Trustee the Trustee’s portion of the Trustee/Certificate
Administrator Fee. Except as otherwise provided herein, the Trustee/Certificate Administrator Fee includes all routine expenses
of the Trustee, the Certificate Registrar, the Paying Agent, the Certificate Administrator and the Authenticating Agent. Each
of the Trustee’s and Certificate

 

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 Administrator’s rights to the Trustee/Certificate Administrator Fee may not be transferred
in whole or in part except in connection with the transfer of all of the Trustee’s or Certificate Administrator’s,
as applicable, responsibilities and obligations under this Agreement.

 

(c)       As
compensation for its activities hereunder, the Special Servicer shall be entitled with respect to each Specially Serviced Loan
(including each Trust Subordinate Companion Loan or Serviced Companion Loan that is included as part of each Serviced Loan Combination)
in respect of each Interest Accrual Period to the Special Servicing Fee, which shall be payable from amounts on deposit in the
Collection Account and/or, in the case of a Serviced Loan Combination or portion thereof, the related Loan Combination Custodial
Account as set forth in Section 3.06(a) and Section 3.06A. The Special Servicer’s rights to the Special Servicing
Fee may not be transferred in whole or in part except in connection with the transfer of all of the Special Servicer’s responsibilities
and obligations under this Agreement. In addition, the Special Servicer shall be entitled to receive, as additional servicing
compensation: (i) [__]% of any Excess Modification Fees with respect to a modification, waiver, extension or amendment of a Performing
Serviced Loan or Trust Subordinate Companion Loan consented to by the Special Servicer pursuant to Section 3.24 of this
Agreement; (ii) [__]% of any Excess Modification Fees with respect to a modification, waiver, extension or amendment of a Specially
Serviced Loan consented to by the Special Servicer pursuant to Section 3.24 of this Agreement; (iii) [__]% of any Assumption
Fees with respect to a Specially Serviced Loan; (iv) [__]% of any Assumption Fees with respect to a Performing Serviced Loan or
Trust Subordinate Companion Loan consented to by the Special Servicer; (v) [__]% of Ancillary Fees (other than (A) fees for insufficient
or returned checks and (B) beneficiary statement charges) actually received from Mortgagors with respect to accounts held by the
Special Servicer pursuant to this Agreement or the related Loan Documents, including the Loss of Value Reserve Fund and any REO
Accounts; (vi) [__]% of assumption application fees actually received from Mortgagors on (A) Specially Serviced Loans and (B)
Performing Serviced Loans if the related assumption was processed by the Special Servicer; (vii) [__]% of Consent Fees with respect
to a Specially Serviced Loan; (viii) [__]% of any Consent Fees with respect to a Performing Serviced Loan or Trust Subordinate
Companion Loan consented to by the Special Servicer; (ix) [__]% of Excess Penalty Charges accrued with respect to any Serviced
Loan during the period such Serviced Loan is a Specially Serviced Loan and actually received from the Mortgagors (provided
that for the avoidance of doubt, the Special Servicer shall be entitled to any collections of Excess Penalty Charges that
represent amounts accrued while the related Serviced Loan is a Specially Serviced Loan even if collected when the Serviced Loan
is not a Specially Serviced Loan); (x) any interest or other income earned on deposits in the REO Accounts and any Loss of Value
Reserve Fund; (xi) [__]% of fees for insufficient or returned checks actually received from Mortgagors relating to the accounts
held by the Special Servicer; (xii) [__]% of beneficiary statement charges actually received from Mortgagors to the extent the
related beneficiary statements were prepared by the Special Servicer, and (xiii) in the case of any ARD Mortgage Loan, [__]% of
any extension fee actually paid by the related Mortgagor in connection with the Mortgagor’s option to exercise the related
Anticipated Repayment Date option pursuant to the related Loan Documents, unless the Special Servicer’s consent is not required,
then 0% of any such extension fee. In addition, the Special Servicer shall be entitled to charge and retain reasonable review
fees in connection with any Mortgagor request with respect to any Specially Serviced Loan or with respect to any Performing Serviced
Loan as to which the Mortgagor request relates to a Major Decision or a Special Servicer Decision that is being processed by the
Special Servicer, to the

 

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extent such fees are (i) not inconsistent with the related Loan Documents, (ii) in accordance with the
Servicing Standard and (iii) actually paid by or on behalf of the related Mortgagor. The Master Servicer shall not waive any such
review fee without the consent of the Special Servicer.The Special Servicer shall not be entitled to any Special Servicing Fees
with respect to the Outside Serviced Mortgage Loans.

 

Except
as otherwise provided herein, the Special Servicer shall pay all expenses incurred by it in connection with its servicing activities
hereunder.

 

The
Special Servicer shall also be entitled to additional servicing compensation in the form of a Workout Fee with respect to each
Corrected Loan at the Workout Fee Rate on such Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination for
so long as it remains a Corrected Loan. The Special Servicer shall not be entitled to any Workout Fee with respect to any Outside
Serviced Mortgage Loan. The Workout Fee with respect to any Corrected Loan will cease to be payable if such loan again becomes
a Specially Serviced Loan; provided that a new Workout Fee will become payable if and when such Specially Serviced Loan
again becomes a Corrected Loan. If the Special Servicer is terminated (other than for cause) or resigns: (1) it shall retain the
right to receive any and all Workout Fees payable in respect of Mortgage Loans, Trust Subordinate Companion Loan or Serviced Loan
Combinations that became Corrected Loans prior to the time of that termination or resignation except the Workout Fees will no
longer be payable if any such Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination subsequently becomes
a Specially Serviced Loan; and (2) it will receive any Workout Fees payable in respect of any Mortgage Loan, Trust Subordinate
Companion Loan or Serviced Loan Combination that was, at the time of that termination or resignation, a Specially Serviced Loan
for which the resigning or terminated Special Servicer had cured the event of default through a modification, restructuring or
workout negotiated by the Special Servicer and evidenced by a signed writing, but which had not as of the time the Special Servicer
resigned or was terminated become a Corrected Loan solely because the Mortgagor had not had sufficient time to make three consecutive
timely Monthly Payments and which subsequently becomes a Corrected Loan as a result of the Mortgagor making such three consecutive
timely Monthly Payments. In either case, the successor special servicer will not be entitled to any portion of such Workout Fees.
The Special Servicer shall also be entitled to additional servicing compensation in the form of a Liquidation Fee (other than
with respect to the Outside Serviced Mortgage Loans) payable out of the Liquidation Proceeds prior to the deposit of the Net Liquidation
Proceeds in the Collection Account or the Loan Combination Custodial Account, as applicable. However, no Liquidation Fee will
be payable with respect to an Outside Serviced Mortgage Loan or in connection with, or out of, Liquidation Proceeds as set forth
in the final two provisos of the definition of “Liquidation Fee” herein. Notwithstanding anything herein to the contrary,
the Special Servicer shall not be entitled to receive both a Liquidation Fee and a Workout Fee with respect to any specific collections
or proceeds on any Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination. For purposes of the foregoing
provisions of this Section 3.12(c), a termination and removal of the Special Servicer under Section 6.08 of this
Agreement shall be deemed to constitute a termination without cause.

 

If
at any time a Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination becomes a Specially Serviced Loan,
the Special Servicer shall use its

 

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reasonable efforts to collect the amount of any Special Servicing Fee, Liquidation Fee and/or
Workout Fee from the related Mortgagor pursuant to the related Loan Documents, including exercising all remedies available under
such Loan Documents that would be in accordance with the Servicing Standard, specifically taking into account the costs or likelihood
of success of any such collection efforts and the Realized Loss that would be incurred by Certificateholders in connection therewith
as opposed to the Realized Loss that would be incurred as a result of not collecting such amounts from the related Mortgagor.

 

The
Special Servicer shall not be entitled to any Liquidation Fee with respect to any Outside Serviced Mortgage Loan or any Outside
Serviced Companion Loan. In addition, the Special Servicer will not be entitled to retain any portion of Excess Interest paid
on any Mortgage Loan.

 

Notwithstanding
anything herein to the contrary, in the case of a Serviced Loan Combination, in no event shall Special Servicing Compensation
with respect to the related Mortgage Loan (including an REO Mortgage Loan) be payable out of payments and other collections with
respect to the related Serviced Pari Passu Companion Loan(s), and in no event shall Special Servicing Compensation with respect
to the related Serviced Pari Passu Companion Loan(s) (including an REO Companion Loan) be payable out of payments and other collections
with respect to the related Mortgage Loan or the Mortgage Pool. In addition, with respect to any Serviced Subordinate Companion
Loan, in no event shall Special Servicing Compensation with respect to such Companion Loan (including an REO Companion Loan) be
payable out of payments and other collections with respect to any related Serviced Pari Passu Companion Loan(s), the related Mortgage
Loan or the Mortgage Pool. This paragraph is in no way intended to limit the rights of the Special Servicer under the related
Co-Lender Agreement to seek payment of unpaid Special Servicing Compensation with respect to any Serviced Companion Loan from
the related Serviced Companion Loan Holder.

 

(d)       The
Master Servicer, Special Servicer, the Certificate Administrator and Trustee shall be entitled to reimbursement from the Trust
Fund for the costs and expenses incurred by them in the performance of their duties under this Agreement which are “unanticipated
expenses incurred by the REMIC” within the meaning of Treasury Regulations Section 1.860G-1(b)(3)(iii). Such expenses shall
include, by way of example and not by way of limitation, environmental assessments, Appraisals in connection with foreclosure,
the fees and expenses of any administrative or judicial proceeding and expenses expressly identified as reimbursable in Section
3.06(a)(vi) of this Agreement.

 

(e)       No
provision of this Agreement or of the Certificates shall require the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee to expend or risk their own funds or otherwise incur any financial liability in the performance of any of their
duties hereunder or thereunder, or in the exercise of any of their rights or powers, if, in the good faith business judgment of
the Master Servicer, Special Servicer, the Certificate Administrator or the Trustee, as the case may be, repayment of such funds
would not be ultimately recoverable from late payments, Net Insurance Proceeds, Net Condemnation Proceeds, Net Liquidation Proceeds
and other collections on or in respect of the Mortgage Loans, Trust Subordinate Companion Loan or Serviced Loan Combination (to
the extent recovery is permitted from a

 

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Serviced Loan Combination hereunder) or from adequate indemnity from other assets comprising
the Trust Fund against such risk or liability.

 

If
the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee receives a request
or inquiry from a Mortgagor, any Certificateholder or any other Person the response to which would, in the Master Servicer’s,
the Special Servicer’s or the Operating Advisor’s commercially reasonable judgment or the Certificate Administrator’s
or the Trustee’s good faith business judgment require the assistance of Independent legal counsel or other consultant to
the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the Trustee the cost of which
would not be an expense of the Trust Fund hereunder, then the Master Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator or the Trustee, as the case may be, shall not be required to take any action in response to such request
or inquiry unless the Mortgagor or such Certificateholder or such other Person, as applicable, makes arrangements for the payment
of the Master Servicer’s, the Special Servicer’s, the Operating Advisor’s, the Certificate Administrator’s
or the Trustee’s expenses associated with such counsel (including, without limitation, posting an advance payment for such
expenses) satisfactory to the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator or the
Trustee as the case may be, in its sole discretion. Unless such arrangements have been made, the Master Servicer, the Special
Servicer, the Operating Advisor, the Certificate Administrator or the Trustee as the case may be, shall have no liability to any
Person for the failure to respond to such request or inquiry.

 

(f)       With
respect to each Collection Period, the Special Servicer shall deliver or cause to be delivered to the Certificate Administrator,
without charge and within two Business Days following the related Determination Date, an electronic report that discloses and
contains an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates
during the related Collection Period.

 

(g)       The
Special Servicer and its Affiliates shall be prohibited from receiving or retaining any compensation or any other remuneration
(including, without limitation, in the form of commissions, brokerage fees or rebates) from any Person (including, without limitation,
the Trust, any Mortgagor, any Manager, any guarantor or indemnitor in respect of a Serviced Mortgage Loan or Serviced Companion
Loan and any purchaser of any Serviced Mortgage Loan, Serviced Companion Loan or REO Property) in connection with the disposition,
workout or foreclosure of any Serviced Loan, the management or disposition of any REO Property, or the performance of any other
special servicing duties under this Agreement, other than as expressly provided in this Section 3.12; provided that
such prohibition shall not apply to Permitted Special Servicer/Affiliate Fees or the fees received by any Person acting as an
Outside Servicer or Outside Special Servicer as expressly provided for under the applicable Outside Servicing Agreement with respect
to an Outside Serviced Mortgage Loan, or as master servicer or special servicer as expressly provided for under the applicable
Other Pooling and Servicing Agreement governing the securitization of a Serviced Companion Loan.

 

Section
3.13      Compensating Interest Payments. The Master Servicer shall deliver to the
Certificate Administrator for deposit in the Lower-Tier Distribution Account on each Master Servicer Remittance Date, without
any right of reimbursement therefor, a cash

 

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payment in an amount, with respect to each Mortgage
Loan (other than an Outside Serviced Mortgage Loan) and any related Serviced Pari Passu Companion Loan, equal to [the lesser of:
(i) the aggregate amount of Prepayment Interest Shortfalls incurred in connection with voluntary Principal Prepayments received
in respect of the Mortgage Loans (other than the Outside Serviced Mortgage Loans) and any related Serviced Pari Passu Companion
Loan (in each case other than a Specially Serviced Loan or a Mortgage Loan or any related Serviced Pari Passu Companion Loan on
which the Special Servicer allowed a prepayment on a date other than the applicable Due Date) for the related Distribution Date;
and (ii) the aggregate of (A) that portion of the Master Servicer’s Servicing Fees for the related Distribution Date that
is, in the case of each Mortgage Loan, Serviced Pari Passu Companion Loan and REO Loan for which such Servicing Fees are being
paid in such Collection Period, calculated at a rate of [__]% per annum, (B) all Prepayment Interest Excesses received by the
Master Servicer during such Collection Period with respect to the Mortgage Loans (and, so long as a Loan Combination is serviced
under this Agreement, any related Serviced Pari Passu Companion Loan) subject to such prepayment and (C) to the extent earned
on principal prepayments, net investment earnings payable to the Master Servicer for such Collection Period received by the Master
Servicer during such Collection Period with respect to the Mortgage Loan or any related Serviced Pari Passu Companion Loan, as
applicable, subject to such prepayment. In no event will the rights of the Certificateholders to the offset of the aggregate Prepayment
Interest Shortfalls be cumulative.

 

[If
a Prepayment Interest Shortfall occurs with respect to a Mortgage Loan as a result of the Master Servicer allowing the related
borrower to deviate (a “Prohibited Prepayment”) from the terms of the related Mortgage Loan documents regarding
Principal Prepayments (other than (w) if the Mortgage Loan is an Outside Serviced Mortgage Loan, (x) subsequent to a default under
the related Mortgage Loan documents or if the Mortgage Loan is a Specially Serviced Loan, (y) pursuant to applicable law or a
court order or otherwise in such circumstances where the master servicer is required to accept such principal prepayment in accordance
with the Servicing Standard or (z) in connection with the payment of any Insurance Proceeds or condemnation awards), then for
purposes of calculating the Compensating Interest Payment for the related Distribution Date, the Master Servicer will pay, without
regard to clause (ii) above, the aggregate amount of Prepayment Interest Shortfalls with respect to such Mortgage Loan otherwise
described in clause (i) above in connection with such Prohibited Prepayments.]

 

[With
respect to the Trust Subordinate Companion Loan, the Master Servicer will be required to make Compensating Interest Payments in
an amount equal to the lesser of: (A) the amount of Prepayment Interest Shortfall incurred in connection with voluntary principal
prepayments received in respect of the Subordinate Companion Loan, so long as it is not a Specially Serviced Loan or the Special
Servicer did not allow a prepayment on a date other than the applicable Due Date for the related Distribution Date, and (B) the
Servicing Fee for the Subordinate Companion Loan, and the related Distribution Date (calculated at [___]% per annum).]

 

Compensating
Interest Payments with respect to the Serviced Loan Combinations will be allocated among the related Mortgage Loan and the related
Serviced Pari Passu Companion Loan in accordance with their respective principal amounts, and the Master Servicer will be required
to pay the portion of such Compensating Interest Payments allocable to the related Serviced Pari Passu Companion Loan to the Holder
thereof.

 

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The
aggregate of any Prepayment Interest Shortfalls resulting from any principal prepayments made on the Mortgage Loans to be included
in the Available Funds for any Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment
for the related Distribution Date [or, in the case of an Outside Serviced Mortgage Loan, the portion of any Compensating Interest
Payments allocable to such Outside Serviced Mortgage Loan to the extent received from the related Outside Servicer] (the aggregate
of the Prepayment Interest Shortfalls that are not so covered, as to the related Distribution Date, the “Excess Prepayment
Interest Shortfall”) will be allocated on that Distribution Date among each Class of [APPLICABLE CLASSES] Certificates
and the Trust Components as follows: [ALLOCATION TO BE SPECIFIED]. [Shortfalls allocable to the Trust Subordinate Companion Loan
as a result of Prepayment Interest Shortfalls not covered by Compensating Interest Payments will be allocated to the [LOAN-SPECIFIC
CLASS] Certificates.]

 

Section
3.14      Application of Penalty Charges and Modification Fees.

 

(a)       On
or prior to the second Business Day before each Master Servicer Remittance Date, the Master Servicer shall apply all Penalty Charges
and Modification Fees (to the extent permitted under any related Co-Lender Agreement (in the case of a Serviced Loan Combination)
and not applied pursuant to Section 3.06A(a)(ii) or Section 3.06(a)(ii), as applicable, of this Agreement) received
by it with respect to any Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination, including an Outside Serviced
Mortgage Loan (to the extent allocable to such Outside Serviced Mortgage Loan pursuant to the related Co-Lender Agreement and
remitted to the Master Servicer by the related Outside Servicer) during the related Prepayment Period, as follows:

 

(i)        first,
to the extent of all Penalty Charges and Modification Fees (in such order), to pay or reimburse the Master Servicer, the Special
Servicer and/or the Trustee, as applicable, for all outstanding Advances (including unreimbursed Advances that have been determined
to be Nonrecoverable Advances) and the related Advance Interest Amounts and other outstanding Additional Trust Fund Expenses (exclusive
of Special Servicing Fees, Workout Fees and Liquidation Fees) other than Borrower Delayed Reimbursements, in each case, with respect
to such Mortgage Loan or Serviced Loan Combination;

 

(ii)       second,
to the extent of all remaining Penalty Charges and Modification Fees (in such order), as a reimbursement to the Trust of all Advances
(and related Advance Interest Amounts) with respect to such Mortgage Loan or Serviced Loan Combination previously determined to
be Nonrecoverable Advances and previously reimbursed to the Master Servicer and/or the Trustee, as applicable, from amounts on
deposit in the Collection Account (and such amounts will be retained or deposited in the Collection Account as recoveries of such
Nonrecoverable Advances and related Advance Interest Amounts) other than Borrower Delayed Reimbursements;

 

(iii)      third,
to the extent of all remaining Penalty Charges and Modification Fees (in such order), as a reimbursement to the Trust of all other
Additional Trust Fund Expenses (exclusive of Special Servicing Fees, Workout Fees and Liquidation Fees) with respect to such Mortgage
Loan or Serviced Loan Combination previously paid from the

 

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Collection Account or related Loan Combination Custodial Account (and
such amounts will be retained or deposited in the Collection Account or related Loan Combination Custodial Account as recoveries
of such Additional Trust Fund Expenses) other than Borrower Delayed Reimbursements; and

 

(iv)       fourth,
to the extent of any remaining Penalty Charges and any remaining Modification Fees, to the Master Servicer or the Special Servicer,
as applicable, as servicing compensation, pro rata, based on their entitlement set forth in Section 3.12 of this
Agreement prior to the applications set forth in clauses (i) through (iii) above;

 

provided
that, notwithstanding the foregoing, in the case of a Loan Combination, Penalty Charges shall be allocated for the purposes
and in the order set forth in the related Co-Lender Agreement.

 

(b)       In
connection with the operation of the provisions of this Section 3.14, not later than the 25th day of the month in which
each Distribution Date occurs (beginning with the 25th day of the month following the first Collection Period in which an Additional
Trust Fund Expense, Advance or Advance Interest Amount is incurred), the Master Servicer shall deliver to the Special Servicer
a report in the form reasonably agreed to by both the Master Servicer and the Special Servicer setting forth information regarding
(1) the amount of Penalty Charges, Modification Fees and Assumption Fees collected by the Master Servicer and the Special Servicer,
as applicable, and (2) the related loan expenses and other amounts paid to the Trust from such Penalty Charges, Modification Fees
and Assumption Fees, in each case for the related Collection Period or other reporting period as agreed to by the Master Servicer
and the Special Servicer. The Master Servicer shall respond promptly to any inquiries of the Special Servicer with respect to
the contents of any such report and shall provide any supporting information with respect thereto that is reasonably requested
by the Special Servicer.

 

Section
3.15      Access to Certain Documentation. The Master Servicer and Special Servicer shall
provide to the Trustee, the Certificate Administrator, the Controlling Class Representative (but only prior to the occurrence
and continuance of any Consultation Termination Event), the Operating Advisor, the Underwriters, the Initial Purchasers, the
Depositor and any Certificateholders and Serviced Companion Loan Holders that are, in the case of any Certificateholder or
Serviced Companion Loan Holder, federally insured financial institutions, the Federal Reserve Board, the FDIC and the OCC and
the supervisory agents and examiners of such boards and such corporations, and any other governmental or regulatory body to
the jurisdiction of which any Certificateholder or Serviced Companion Loan Holder is subject, access to the documentation
regarding the Mortgage Loans required by applicable regulations of the Federal Reserve Board, FDIC, OCC or any such
governmental or regulatory body, such access being afforded without charge but only upon reasonable request and during normal
business hours at the offices of the Master Servicer or Special Servicer (which access shall be limited, in the case of the
Serviced Companion Loan Holders or any regulatory authority seeking such access in respect of the Serviced Companion Loan
Holders, to records relating to the Serviced Companion Loans). Nothing in this Section 3.15 shall detract from the
obligation of the Master Servicer and Special Servicer to observe any applicable law prohibiting disclosure of information
with respect to the Mortgagors, and the failure of the Master Servicer and Special

 

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Servicer to provide access as provided in
this Section 3.15 as a result of such obligation shall not constitute a breach of this Section 3.15.

 

In
connection with providing or granting any information or access pursuant to the prior paragraph to a Certificateholder, a Serviced
Companion Loan Holder or any regulatory authority that may exercise authority over a Certificateholder or Serviced Companion Loan
Holder, the Master Servicer and the Special Servicer may each require payment from such Certificateholder or Serviced Companion
Loan Holder of a sum sufficient to cover the reasonable costs and expenses of providing such information or access, including
copy charges and reasonable fees for employee time and for space; provided that no charge may be made if such information
or access was required to be given or made available without charge under applicable law. In connection with providing Certificateholders
or beneficial owners of Certificates access to the information described in the preceding paragraph, the Master Servicer and the
Special Servicer shall require (prior to affording such access) a written confirmation executed by the requesting Person substantially
in such form as may be reasonably acceptable to the Master Servicer or the Special Servicer, as the case may be, generally to
the effect that such Person is a Holder of Certificates or a beneficial holder of book entry Certificates and will keep such information
confidential.

 

Upon
the reasonable request of any Certifying Certificateholder or Serviced Companion Loan Holder (or with respect to any Subordinate
Companion Loan, the holder of such Subordinate Companion Loan), the Master Servicer may provide (or forward electronically) (at
the expense of such Certificateholder or Serviced Companion Loan Holder or Subordinate Companion Loan Holder) copies of any operating
statements, rent rolls and financial statements obtained by the Master Servicer or the Special Servicer.

 

In
addition, in connection with providing access to information pursuant to this Section 3.15, each of the Master Servicer
and the Special Servicer may (i) affix a reasonable disclaimer to any information provided by it for which it is not the original
source (without suggesting liability on the part of any other party hereto); (ii) affix to any information provided by it a reasonable
statement regarding securities law restrictions on such information and/or condition access to information on the execution of
a reasonable confidentiality agreement; (iii) withhold access to confidential information or any intellectual property; and (iv)
withhold access to items of information contained in the Servicing File for any Mortgage Loan or Serviced Companion Loan if the
disclosure of such items would constitute a waiver of the attorney-client privilege.

 

Each
of the Master Servicer and the Special Servicer, as appropriate, shall, without charge, make a knowledgeable Servicing Officer
available via telephone to verbally answer questions from any related Serviced Companion Loan Holder, the Operating Advisor (after
the occurrence and during the continuance of a Control Termination Event) and the Controlling Class Representative (prior to the
occurrence and continuance of a Consultation Termination Event), on a monthly basis, during regular business hours at such time
and for such duration as the Master Servicer, the Special Servicer, any related Serviced Companion Loan Holder, the Operating
Advisor (after the occurrence and during the continuance of a Control Termination Event) and the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event) shall reasonably agree, regarding the

 

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performance
and servicing of the applicable Serviced Mortgage Loans and/or related REO Properties for which the Master Servicer or the Special
Servicer, as applicable, is responsible. In any event, the Operating Advisor and the related Directing Holder agree to identify
for the Master Servicer and the Special Servicer in advance (but at least two (2) Business Days prior to the related monthly conference)
the applicable Mortgage Loans (or Serviced Loan Combination) and/or REO Properties it intends to discuss. As a condition to such
disclosure, the related Directing Holder shall execute a confidentiality agreement substantially in the form of Exhibit M-4
to this Agreement and an Investor Certification.

 

The
Master Servicer may (but shall not be required to), in accordance with such rules and procedures as it may adopt in its sole discretion,
make available through the Master Servicer’s website or otherwise, any additional information relating to the Mortgage Loans,
the Serviced Companion Loans, the related Mortgaged Properties and/or the related Mortgagors that is not Privileged Information,
for review by the Depositor, the Trustee, the Master Servicer, the Special Servicer and the Operating Advisor.

 

After
the occurrence and during the continuation of a Control Termination Event, the Special Servicer shall deliver to the Operating
Advisor such reports and other information produced or otherwise available to any Outside Controlling Note Holder, the Controlling
Class Representative or Certificateholders generally, as requested by the Operating Advisor in support of the performance of the
Operating Advisor’s obligations under this Agreement in electronic format.

 

The
Operating Advisor hereby agrees that it shall use the information provided to it by the Special Servicer solely for purposes of
performing its duties as Operating Advisor under this Agreement and shall not disclose such information to any other Person or
entity unless (i) with respect to Privileged Information, pursuant to Section 3.29(j) of this Agreement, or (ii) with respect
to any information other than Privileged Information, to the extent necessary to support its conclusions in its Operating Advisor
Annual Report required under Section 3.29 of this Agreement or to discharge its other duties under this Agreement.

 

Notwithstanding
anything to the contrary herein, unless required by applicable law or court order, no Certificateholder or beneficial owner shall
be given access to, or be provided copies of, the Mortgage Files or Diligence Files.

 

Section
3.16      Title and Management of REO Properties.

 

(a)       In
the event that title to any Mortgaged Property (other than a Mortgaged Property with respect to an Outside Serviced Mortgage Loan)
is acquired for the benefit of Certificateholders (or (i) with respect to a Serviced Loan Combination, for the benefit of the
Certificateholders and the related Serviced Companion Loan Holder(s); or (ii) with respect to the Trust Subordinate Companion
Loan, for the benefit of the Certificateholders and the Holders of the Class [loan-specific]
Certificates) (as a collective whole as if such Certificateholders and, if applicable, such Serviced Companion Loan Holder(s)
and Holders of the Class [loan-specific]
Certificates, respectively, constituted a single lender) (either by the Trust Fund or by a single member limited liability company
established for that purpose) in foreclosure, by deed in lieu of foreclosure or upon abandonment or reclamation from bankruptcy,
the deed or

 

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certificate of sale shall be taken in the name of a nominee of the Trustee (which shall not include the Master Servicer),
or a separate trustee or co-trustee, on behalf of the Trust Fund and any related Serviced Companion Loan Holders. The Special
Servicer, on behalf of the Trust Fund, shall sell any REO Property prior to the close of the third calendar year following the
year in which the Lower-Tier REMIC acquires ownership of such REO Property, within the meaning of Treasury Regulations Section
1.856-6(b)(1), for purposes of Code Section 860G(a)(8), unless (i) the IRS grants (or does not deny) an extension of time (an
“REO Extension”) to sell such REO Property or (ii) the Special Servicer obtains an Opinion of Counsel for the
Special Servicer, the Certificate Administrator and the Trustee, addressed to the Special Servicer, the Certificate Administrator
and the Trustee, to the effect that the holding by the Lower-Tier REMIC of such REO Property subsequent to the close of the third
calendar year following the year in which such acquisition occurred will not result in the imposition of taxes on “prohibited
transactions” (as defined in Code Section 860F) of either Trust REMIC, or cause either Trust REMIC to fail to qualify as
a REMIC under the Code for federal income tax purposes at any time that any Lower-Tier Regular Interests or Regular Certificates
are outstanding. If the Special Servicer is granted (or is not denied) the REO Extension contemplated by clause (i) of the immediately
preceding sentence or obtains the Opinion of Counsel contemplated by clause (ii) of the immediately preceding sentence, the Special
Servicer shall sell such REO Property within such longer period as is permitted by such REO Extension or such Opinion of Counsel,
as the case may be. Any expense incurred by the Special Servicer in connection with its receiving the REO Extension contemplated
by clause (i) of the second preceding sentence or its obtaining the Opinion of Counsel contemplated by clause (ii) of the second
preceding sentence shall be an expense of the Trust Fund payable out of the Collection Account pursuant to Section 3.06(a)
of this Agreement. The Special Servicer, on behalf of the Trust Fund and any related Serviced Companion Loan Holder, in accordance
with the Servicing Standard, shall dispose of any REO Property held by the Trust Fund (i) prior to the last day of such period
(taking into account extensions) by which such REO Property is required to be disposed of pursuant to the provisions of the immediately
preceding sentence in a manner provided under Section 3.17 of this Agreement and (ii) on the same terms and conditions
as if it were the owner of such REO Property. The Special Servicer shall manage, conserve, protect and operate each REO Property
for the Certificateholders and, if applicable, the related Serviced Companion Loan Holder(s) and the Holders of the Class [loan-specific]
Certificates, solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to
fail to qualify as “foreclosure property” within the meaning of Code Section 860G(a)(8) or result in the receipt by
the Trust Fund of any “income from non-permitted assets” within the meaning of Code Section 860F(a)(2)(B) or (i) endanger
the status of either Trust REMIC as a REMIC or (ii) result in the imposition of a tax upon either Trust REMIC or the Trust Fund.

 

(b)       The
Special Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement,
to do any and all things in connection with any REO Property (other than an REO Property related to an Outside Serviced Mortgage
Loan) as are consistent with the Servicing Standard and the terms of this Agreement, all on such terms and for such period as
the Special Servicer deems to be in the best interests of Certificateholders and, if applicable, the related Serviced Companion
Loan Holder(s) and the Holders of the Class [loan-specific] Certificates (as a
collective whole as if such Certificateholders and, if applicable, the related Serviced Companion Loan Holder(s) and the Holders
of the Class [loan-specific] Certificates constituted a single lender (and, in
the case

 

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of a Serviced AB Loan Combination, taking into account the subordinate nature of any related Subordinate Companion Loan)),
and, in connection therewith, the Special Servicer shall only agree to the payment of management fees that are consistent with
general market standards or to terms that are more favorable. Consistent with the foregoing, the Special Servicer shall cause
or permit to be earned with respect to such REO Property any “net income from foreclosure property,” within the meaning
of Code Section 860G(c), which is subject to tax under the REMIC Provisions only if it has determined, and has so advised the
Certificate Administrator in writing, that the earning of such income on a net after-tax basis could reasonably be expected to
result in a greater recovery on behalf of Certificateholders and, if applicable, the related Serviced Companion Loan Holder(s)
and the Holders of the Class [loan-specific] Certificates (as a collective whole
as if such Certificateholders and, if applicable, the related Serviced Companion Loan Holder(s) and the Holders of the Class [loan-specific]
Certificates, constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate
nature of any related Subordinate Companion Loan)) than an alternative method of operation or rental of such REO Property that
would not be subject to such a tax. The Special Servicer shall segregate and hold all revenues received by it with respect to
any REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to any
REO Property a segregated custodial account (each, an “REO Account”), each of which shall be an Eligible Account
and (subject to any changes in the identities of the Special Servicer and/or the Trustee) shall be entitled “[special
servicer], as Special Servicer, on behalf of [trustee], as Trustee, for
the benefit of the registered Holders of [_____________________], [IN THE CASE OF AN REO PROPERTY RELATED TO A SERVICED LOAN COMBINATION:
and the related Serviced Companion Loan Holder, as their interests may appear], REO Account.” The Special Servicer shall
be entitled to withdraw for its account any interest or investment income earned on funds deposited in an REO Account to the extent
provided in Section 3.07(b) of this Agreement. The Special Servicer shall deposit or cause to be deposited in the REO Account
within one (1) Business Day after receipt all revenues and proceeds received by it with respect to any REO Property, and shall
withdraw therefrom funds necessary for the proper operation, management and maintenance of such REO Property and for other Property
Protection Expenses with respect to such REO Property, including:

 

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

 

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

 

(iii)      all
costs and expenses reasonable and necessary to protect, maintain, manage, operate, repair and restore any REO Property including,
if applicable, the payments of any ground rents in respect of such REO Property; and

 

(iv)     any
taxes imposed on either Trust REMIC in respect of net income from foreclosure property in accordance with Section 4.05
of this Agreement.

 

To
the extent that such REO Proceeds are insufficient for the purposes set forth in clauses (i) through (iv) above and the Special
Servicer has provided written notice of such shortfall to the Master Servicer at least five (5) Business Days (or, in an emergency
situation or

 

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on an urgent basis, two (2) Business Days, provided that the written notice sets forth the nature of the emergency
or the basis of the urgency) prior to the date that such amounts are due, the Master Servicer shall advance the amount of such
shortfall unless the Master Servicer determines, in its good faith business judgment, that such Advance would be a Nonrecoverable
Advance (in which case such costs shall be an expense of the Trust Fund and paid by the Master Servicer out of the Collection
Account). If the Master Servicer does not make any such Advance in violation of the immediately preceding sentence, the Trustee
shall make such Advance unless the Trustee determines that such Advance would be a Nonrecoverable Advance. The Trustee shall be
entitled to rely, conclusively, on any determination by the Master Servicer that an Advance, if made, would be a Nonrecoverable
Advance. The Trustee, in determining whether or not a proposed Advance would be a Nonrecoverable Advance, shall use its good faith
business judgment. The Master Servicer or the Trustee, as applicable, shall be entitled to reimbursement of such Advances (with
interest at the Advance Rate) made pursuant to the preceding sentence, to the extent set forth in Section 3.06 and/or,
if applicable, Section 3.06A of this Agreement. The Special Servicer shall withdraw from each REO Account and remit to
the Master Servicer for deposit into the Collection Account, or, for a Serviced Loan Combination, the related Loan Combination
Custodial Account, on a monthly basis prior to the related Master Servicer Remittance Date the Net REO Proceeds, Net Liquidation
Proceeds, Net Condemnation Proceeds and Net Insurance Proceeds received or collected from each REO Property during the related
Prepayment Period, except that in determining the amount of any such Net REO Proceeds, the Special Servicer may retain in each
REO Account reasonable reserves for repairs, replacements and necessary capital improvements and other related expenses. Notwithstanding
the foregoing, the Special Servicer shall not:

 

(i)        permit
the Trust Fund to enter into, renew or extend any New Lease, if the New Lease by its terms will give rise to any income that does
not constitute Rents from Real Property;

 

(ii)       permit
any amount to be received or accrued under any New Lease, other than amounts that will constitute Rents from Real Property;

 

(iii)      authorize
or permit any construction on any REO Property, other than the repair or maintenance thereof or the completion of a building or
other improvement thereon, and then only if more than ten percent of the construction of such building or other improvement was
completed before default on the related Mortgage Loan or Serviced Loan Combination became imminent, all within the meaning of
Code Section 856(e)(4)(B); or

 

(iv)      Directly
Operate or allow any Person to Directly Operate any REO Property on any date more than 90 days after its date of acquisition by
the Trust Fund, unless such Person is an Independent Contractor;

 

unless,
in any such case, the Special Servicer has requested and received an Opinion of Counsel addressed to the Special Servicer, any
related Serviced Companion Loan Holder, the Certificate Administrator and the Trustee (which opinion shall be an expense of the
Trust Fund and, if any related Serviced Companion Loan is part of a REMIC, the related Serviced Companion Loan Holder) to the
effect that such action will not cause such REO Property to fail to qualify as

 

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“foreclosure property” within the meaning
of Code Section 860G(a)(8) (determined without regard to the exception applicable for purposes of Code Section 860D(a)) at any
time that it is held by the Trust Fund, in which case the Special Servicer may take such actions as are specified in such Opinion
of Counsel.

 

The
Special Servicer shall be required to contract with an Independent Contractor, the fees and expenses of which shall be an expense
of the Trust Fund and payable out of REO Proceeds, for the operation and management of any REO Property, within 90 days of the
Trust Fund’s acquisition thereof (unless the Special Servicer shall have provided the Trustee and the Certificate Administrator
with an Opinion of Counsel that the operation and management of any REO Property other than through an Independent Contractor
shall not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Code Section
860G(a)(8)) (which opinion shall be an expense of the Trust Fund), provided that:

 

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

 

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

 

(iii)      none
of the provisions of this Section 3.16(b) relating to any such contract or to actions taken through any such Independent
Contractor shall be deemed to relieve the Special Servicer of any of its duties and obligations to the Trust Fund or the Trustee
on behalf of the Certificateholders and, if applicable, any related Serviced Companion Loan Holder with respect to the operation
and management of any such REO Property; and

 

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

 

The
Special Servicer shall be entitled to enter into any agreement with any Independent Contractor performing services for it related
to its duties and obligations hereunder for indemnification of the Special Servicer by such Independent Contractor, and nothing
in this Agreement shall be deemed to limit or modify such indemnification.

 

(c)       When
and as necessary, the Special Servicer shall send to the Trustee and the Certificate Administrator and the related Serviced Companion
Loan Holder (or the master servicer or special servicer for the related Other Securitization Trust on its behalf) a statement
prepared by the Special Servicer setting forth the amount of net income or net loss, as determined for federal income tax purposes,
resulting from the operation and management of a trade or business on, the furnishing or rendering of a non-customary service
to the tenants of, or

 

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the receipt of any other amount not constituting Rents from Real Property in respect of, any REO Property
in accordance with Section 3.16(a) and Section 3.16(b) of this Agreement.

 

(d)       With
respect to the Trust Subordinate Companion Loan, references to actions being taken for the benefit of the Trust Subordinate Companion
Loan in this Section 3.16 shall be deemed to be taken also for the benefit of the Holders of the Class [LOAN-SPECIFIC]
Certificates, as beneficial owners of the Trust Subordinate Companion Loan.

 

(e)       Notwithstanding
anything to the contrary, this Section 3.16 shall not apply to any REO Property related to an Outside Serviced Mortgage
Loan.

 

Section
3.17      Sale of Defaulted Loans and REO Properties; Sale of Outside Serviced Mortgage Loans.

 

(a)       The
parties hereto may sell or purchase, or permit the sale or purchase of, a Mortgage Loan (excluding an Outside Serviced Mortgage
Loan) or Trust Subordinate Companion Loan only (i) on the terms and subject to the conditions set forth in this Section 3.17,
(ii) as otherwise expressly provided in or contemplated by Sections 2.03 and 9.01 of this Agreement, or (iii)
(A) in the case of a Mortgage Loan related to a Serviced Loan Combination in accordance with and subject to the provisions of
the related Co-Lender Agreement and Section 3.28 of this Agreement and (B) in the case of a Mortgage Loan with a related
mezzanine loan or subordinate mortgage loan, in accordance with and subject to the provisions of the related intercreditor agreement.

 

(b)       Promptly
upon a Serviced Loan becoming a Defaulted Loan and if the Special Servicer determines in accordance with the Servicing Standard
that it would be in the best interests of the Certificateholders and, in the case of a Serviced Pari Passu Loan Combination, any
related Serviced Pari Passu Companion Loan Holder and, in the case of the Trust Subordinate Companion Loan, the related Subordinate
Loan-Specific Directing Certificateholder (as a collective whole as if such Certificateholders and, in the case of a Serviced
Pari Passu Loan Combination, any related Serviced Pari Passu Companion Loan Holder and, in the case of the Trust Subordinate Companion
Loan, the related Subordinate Loan-Specific Directing Certificateholder constituted a single lender) to attempt to sell such Defaulted
Loan, the Special Servicer shall use reasonable efforts to solicit offers for such Defaulted Loan on behalf of the Certificateholders
and, if applicable, any related Serviced Pari Passu Companion Loan Holder and the related Subordinate Loan-Specific Directing
Certificateholder in such manner as will be reasonably likely to realize a fair price. Subject to the other subsections of this
Section 3.17, the Special Servicer shall accept the first (and, if multiple offers are contemporaneously received, the
highest) cash offer received from any Person that constitutes a fair price for such Defaulted Loan. The Special Servicer shall
notify the Controlling Class Representative (prior to the occurrence and continuance of a Consultation Termination Event), any
related Outside Controlling Note Holder and the Operating Advisor (after the occurrence and during the continuance of a Control
Termination Event) of any inquiries or offers received regarding the sale of any Defaulted Loan. Any Serviced Pari Passu Companion
Loan that is part of a Defaulted Serviced Loan Combination is to be sold together with the related Mortgage Loan, subject to this
Section 3.17 and any additional requirements set forth in the related Co-Lender Agreement.

 

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(c)       The
Special Servicer shall give the Trustee, the Certificate Administrator, the Master Servicer, any related Serviced Companion Loan
Holder (in the case of a Serviced Loan Combination), the related Subordinate Loan-Specific Directing Certificateholder (in the
case of the Trust Subordinate Companion Loan, [the Risk Retention Consultation Party (other than with respect to any Excluded
RRCP Mortgage Loan),]1 the Controlling Class Representative (prior to the occurrence and continuance of a Consultation
Termination Event), any related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved)
and the Operating Advisor [(after the occurrence and during the continuance of a Control Termination Event)]2 not
less than five (5) Business Days’ prior written notice of its intention to sell any Defaulted Loan. No Interested Person
shall be obligated to submit an offer to purchase any Defaulted Loan, and notwithstanding anything to the contrary contained herein,
neither the Trustee, in its individual capacity, nor any of its Affiliates may offer to purchase, or purchase any Defaulted Loan
pursuant hereto.

 

(d)       Whether
any cash offer constitutes a fair price for any Defaulted Loan for purposes of Section 3.17(b) of this Agreement shall
be determined by the Special Servicer, if the highest offeror is a Person other than an Interested Person, and by the Trustee,
if the highest offeror is an Interested Person (provided that the Trustee may not be an offeror); provided, however,
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 other offers are received from independent third parties; and provided, further, notwithstanding the immediately
preceding proviso, the Purchase Price for any Defaulted Loan (and any equivalent amount for any related Serviced Companion Loan)
shall be deemed a fair price in all cases, including with respect to any offer from an Interested Person. In all cases under this
Agreement, in determining whether any offer received from an Interested Person represents a fair price for any Defaulted Loan,
the Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance with
this Agreement within the preceding 9-month period or, in the absence of any such Appraisal, on a new Appraisal. The appraiser
conducting any such new Appraisal shall be an Appraiser selected by (i) the Special Servicer if no Interested Person is offering
with respect to a Defaulted Loan and (ii) the Trustee if an Interested Person is so offering. The cost of any such Appraisal shall
be covered by, and shall be reimbursable to, the Master Servicer as a Property Advance. In determining whether any such offer
from a Person other than an Interested Person constitutes a fair price for any such Defaulted Loan, the Special Servicer shall
take into account (in addition to the results of any Appraisal, updated Appraisal or narrative Appraisal that it may have obtained
pursuant to this Agreement within the prior 9 months), and in determining whether any offer from an Interested Person constitutes
a fair price for any such Defaulted Loan, any Appraiser shall be instructed to take into account, as applicable, among other factors,
the period and amount of any delinquency on such Defaulted Loan, the occupancy level and physical condition of the related Mortgaged
Property and the state of the local economy. Notwithstanding anything contained in this Section 3.17(d) to the contrary,
if the Trustee is required to determine whether a cash offer by an Interested Person constitutes a fair price for the subject
Defaulted 

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

2
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

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Loan, the Trustee may (at its option and at the expense of the Interested Person) designate an independent third party
expert in real estate or commercial mortgage loan matters with at least five (5) years’ experience in valuing or investing
in mortgage loans similar to such Defaulted Loan that has been selected with reasonable care by the Trustee to determine if such
cash offer constitutes a fair price for such Defaulted Loan. If the Trustee designates such a third party to make such determination,
the Trustee will be entitled to rely conclusively upon such third party’s determination. The reasonable costs of all appraisals,
inspection reports and broker opinions of value incurred by any such third party pursuant to this Section 3.17(d) will
be covered by, and will be reimbursable by the Interested Person; provided that the Trustee will not engage a third party
expert whose fees exceed a commercially reasonable amount as determined by the Trustee.

 

(e)       Subject
to Section 3.17(a) through Section 3.17(d), Section 3.17(f), Section 3.17(g) and Section 3.17(m),
the Special Servicer shall act on behalf of the Trust Fund and any affected Serviced Companion Loan Holder in negotiating and
taking any other action necessary or appropriate in connection with the sale of any Defaulted Loan, and the collection of all
amounts payable in connection therewith. In connection therewith, the Special Servicer may charge prospective offerors, and may
retain, fees that approximate the Special Servicer’s actual costs in the preparation and delivery of information pertaining
to such sales or exchanging offers without obligation to deposit such amounts into the Collection Account or, if applicable, the
Loan Combination Custodial Account. Any sale of any Defaulted Loan shall be final and without recourse to the Trustee, the Certificate
Administrator or the Trust Fund (except such recourse to the Trust Fund imposed by those representations and warranties typically
given in such transactions, any appropriations applied thereto and any customary closing matters), and if such sale is consummated
in accordance with the terms of this Agreement, none of the Special Servicer, the Master Servicer, the Depositor, the Certificate
Administrator, the Operating Advisor or the Trustee shall have any liability to any Certificateholder with respect to the purchase
price therefor accepted by the Special Servicer or the Trustee.

 

(f)       Subject
to (x) the rights of a holder of a mezzanine loan, under the respective intercreditor agreement, and (y) the rights of a Subordinate
Companion Loan Holder, under the respective Co-Lender Agreement, to purchase a Mortgage Loan or Serviced Loan Combination (or
senior portion thereof), unless and until a Defaulted Loan is sold pursuant to this Section, the Special Servicer shall continue
to service and administer such Defaulted Loan in accordance with the Servicing Standard and this Agreement and shall pursue such
other resolutions or recovery strategies including workout, foreclosure or sale of such Defaulted Loan, as is consistent with
this Agreement and the Servicing Standard.

 

(g)       Any
sale of a Defaulted Loan pursuant to this Section 3.17 shall be for cash only. The purchase price for any Defaulted Loan
purchased under this Section 3.17 or any Outside Serviced Mortgage Loan sold in accordance with the related Co-Lender Agreement
or Outside Servicing Agreement, shall be deposited into the Collection Account or the related Loan Combination Custodial Account,
as applicable, and the Certificate Administrator, upon receipt of an Officer’s Certificate from the Master Servicer to the
effect that such deposit has been made, shall release or cause to be released to the purchaser of the Defaulted Loan the related
Mortgage File, and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall
be necessary to vest in such purchaser ownership of such Defaulted Loan. In connection with any such purchase, the Special Servicer
and the Master Servicer shall

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deliver the related Servicing File (to the extent either has possession of such file) to such purchaser.

 

(h)       The
parties hereto may sell or purchase, or permit the sale or purchase of, an REO Property (other than an REO Property related to
an Outside Serviced Mortgage Loan) only on the terms and subject to the conditions set forth in this Section 3.17.

 

(i)        The
Special Servicer shall use reasonable efforts to solicit offers for each REO Property (other than an REO Property related to an
Outside Serviced Mortgage Loan) on behalf of the Certificateholders and the related Serviced Companion Loan Holder and the Holders
of the Class [loan-specific] Certificates (in the case of the Trust AB Loan Combination)
in such manner as will be reasonably likely to realize a fair price within the time period specified by Section 3.16 of
this Agreement. Subject to Section 3.17(m) of this Agreement, the Special Servicer shall accept the first (and, if multiple
offers are contemporaneously received, highest) cash offer received from any Person that constitutes a fair price for such REO
Property. If the Special Servicer determines, in its good faith and reasonable judgment, that it will be unable to realize a fair
price for any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) within the time constraints
imposed by Section 3.16 of this Agreement, then the Special Servicer shall dispose of such REO Property upon such terms
and conditions as the Special Servicer shall deem necessary and desirable to maximize the recovery thereon under the circumstances
and, in connection therewith, shall accept the highest outstanding cash offer, regardless from whom received. The Liquidation
Proceeds (net of related Liquidation Expenses) for any REO Property sold hereunder shall be deposited in the Collection Account
or, if applicable, the related Loan Combination Custodial Account. The Special Servicer shall notify the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event), any related Outside Controlling Note Holder, the
Operating Advisor (after the occurrence and during the continuance of a Control Termination Event) and, in the case of a Serviced
Loan Combination, any related Serviced Companion Loan Holder of any inquiries or offers received regarding the sale of any REO
Property hereunder.

 

(j)        The
Special Servicer shall give the Trustee, the Certificate Administrator, the Master Servicer, any related Serviced Companion Loan
Holder, the Subordinate Loan-Specific Directing Certificateholder (in the case of the Trust AB Loan Combination), [the Risk Retention
Consultation Party (other than with respect to any Excluded RRCP Mortgage Loan),]1 the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event), any related Outside Controlling Note Holder (if
a Serviced Outside Controlled Loan Combination is involved) and the Operating Advisor [(after the occurrence and during the continuance
of a Control Termination Event)]2 not less than three (3) Business Days’ prior written notice of its intention
to sell any REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) hereunder. No Interested Person
shall be obligated to

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

2
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal residual
interest by a third party purchaser.

 

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submit an offer to purchase any REO Property, and notwithstanding anything to the contrary contained herein,
neither the Trustee, in its individual capacity, nor any of its Affiliates may offer to purchase, or purchase, any REO Property
pursuant hereto.

 

(k)       Whether
any cash offer constitutes a fair price for any REO Property (other than an REO Property related to an Outside Serviced Mortgage
Loan) for purposes of Section 3.17(i) of this Agreement shall be determined by the Special Servicer, if the highest offeror
is a Person other than an Interested Person, and by the Trustee, if the highest offeror is an Interested Person (provided
that the Trustee may not be an offeror); provided, however, 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 other offers are received from independent third
parties; and provided, further, notwithstanding the immediately preceding proviso, the Purchase Price for any such REO
Property shall be deemed a fair price in all cases, including with respect to any offer from an Interested Person. In determining
whether any offer received from an Interested Person represents a fair price for any such REO Property, the Trustee shall be supplied
with and shall rely on the most recent Appraisal or updated Appraisal conducted in accordance with this Agreement within the preceding
9-month period or, in the absence of any such Appraisal, on a new Appraisal. The appraiser conducting any such new Appraisal shall
be an Appraiser selected by the Special Servicer if no Interested Person is offering with respect to such REO Property and selected
by the Trustee if an Interested Person is so offering. The cost of any such Appraisal shall be covered by, and shall be reimbursable
to, the Master Servicer as a Property Advance. In determining whether any such offer from a Person other than an Interested Person
constitutes a fair price for any such REO Property, the Special Servicer shall take into account (in addition to the results of
any Appraisal, updated Appraisal or narrative Appraisal that it may have obtained pursuant to this Agreement within the prior
9 months), and in determining whether any offer from an Interested Person constitutes a fair price for any such REO Property,
any Appraiser shall be instructed to take into account, as applicable, among other factors, the period and amount of any delinquency
on the related Mortgage Loan or Serviced Loan Combination, the occupancy level and physical condition of such REO Property, the
state of the local economy and the obligation to dispose of such REO Property within the time period specified in Section 3.16
of this Agreement.

 

(l)       Subject
to Section 3.17(a) through Section 3.17(k) and Section 3.17(m) of this Agreement, the Special Servicer shall
act on behalf of the Trust Fund and any affected Serviced Companion Loan Holder and Holders of the Class [loan-specific]
Certificates (with respect to the Trust AB Loan Combination), as applicable, in negotiating and taking any other action necessary
or appropriate in connection with the sale of any Defaulted Loan or REO Property (other than an REO Property related to an Outside
Serviced Mortgage Loan), and the collection of all amounts payable in connection therewith. In connection therewith, the Special
Servicer may charge prospective offerors, and may retain, fees that approximate the Special Servicer’s actual costs in the
preparation and delivery of information pertaining to such sales or exchanging offers without obligation to deposit such amounts
into the Collection Account or, if applicable, the related Loan Combination Custodial Account. Any sale of any Defaulted Loan
or defaulted Trust Subordinate Companion Loan or REO Property (other than an REO Property related to an Outside Serviced Mortgage
Loan) shall be final and without recourse to the Trustee, the Certificate Administrator or the Trust Fund or any related Serviced
Companion Loan Holder (except such recourse to the Trust Fund and the related Serviced Companion Loan Holder

 

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imposed by those
representations and warranties typically given in such transactions, any appropriations applied thereto and any customary closing
matters), and if such sale is consummated in accordance with the terms of this Agreement, none of the Special Servicer, the Master
Servicer, the Depositor, the Certificate Administrator, the Operating Advisor or the Trustee shall have any liability to any Certificateholder
with respect to the purchase price therefor accepted by the Special Servicer or the Trustee.

 

(m)       Notwithstanding
any of the foregoing paragraphs of this Section 3.17, the Special Servicer shall not be obligated to accept the highest
cash offer for a Defaulted Loan or defaulted Trust Subordinate Companion Loan if the Special Servicer determines (in consultation
with the Controlling Class Representative (unless a Consultation Termination Event exists or a Serviced Outside Controlled Loan
Combination is involved or an Excluded Mortgage Loan is involved), the Operating Advisor (if [a Control Termination Event exists]1
[an Operating Advisor Consultation Trigger Event]2 exists) [, the Risk Retention Consultation Party (unless
an Excluded RRCP Mortgage Loan is involved]3 and any related Outside Controlling Note Holder (if a Serviced Outside
Controlled Loan Combination is involved)), in accordance with the Servicing Standard, that rejection of such offer would be in
the best interests of the Certificateholders and, in the case of a Serviced Pari Passu Loan Combination, the related Serviced
Pari Passu Companion Loan Holder(s) and in the case of the Trust AB Loan Combination, the Holders of the Class [Loan-specific]
Certificates, as applicable (as a collective whole as if such Certificateholders and, if applicable, any related Serviced Pari
Passu Companion Loan Holder(s) and Holder(s) of the Class [loan-specific] Certificates
constituted a single lender), and the Special Servicer may accept a lower cash offer (from any Person other than itself or an
Affiliate) if it determines, in its reasonable and good faith judgment, that acceptance of such offer would be in the best interests
of the Certificateholders and, in the case of a Serviced Pari Passu Loan Combination, any related Serviced Pari Passu Companion
Loan Holder(s) and, in the case of the Trust AB Loan Combination, the Holders of the Class [Loan-specific]
Certificates, as applicable (as a collective whole as if such Certificateholders and, if applicable, the related Serviced Pari
Passu Companion Loan Holder(s) and Holder(s) of the Class [loan-specific] Certificates
constituted a single lender) (for example, if the prospective buyer making the lower offer is more likely to perform its obligations
or the terms offered by the prospective buyer making the lower offer are more favorable).

 

Notwithstanding
any of the foregoing paragraphs of this Section 3.17, the Special Servicer shall not be obligated to accept the highest
cash offer for an REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan) if the Special Servicer
determines (in consultation with the related Directing Holder (unless, if the Controlling Class Representative is the related
Directing Holder, a Consultation Termination Event exists) [, the Risk Retention Consultation Party (unless an Excluded RRCP Mortgage
Loan is involved]3 and

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

3
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

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the Operating Advisor (if [a Control Termination Event exists]1 [an Operating Advisor
Consultation Trigger Event]2 exists)), in accordance with the Servicing Standard, that rejection of such offer would
be in the best interests of the Certificateholders and, in the case of an REO Property that corresponds to a Serviced Loan Combination,
the related Serviced Companion Loan Holder(s) and, in the case of an REO Property that corresponds to a Trust AB Loan Combination,
the Holders of the Class [loan-specific] Certificates (as a collective whole as
if such Certificateholders and, if applicable, any Serviced Companion Loan Holder(s) and Holder(s) of the Class [loan-specific]
Certificates constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate
nature of the related Subordinate Companion Loan)), and the Special Servicer may accept a lower cash offer (from any Person other
than itself or an Affiliate) if it determines, in its reasonable and good faith judgment, that acceptance of such offer would
be in the best interests of the Certificateholders and, in the case of an REO Property that corresponds to a Serviced Loan Combination,
any related Serviced Companion Loan Holder(s) and, in the case of an REO Property that corresponds to a Trust AB Loan Combination,
the Holders of the Class [loan-specific] Certificates (as a collective whole as
if such Certificateholders and, if applicable, any related Serviced Companion Loan Holder(s) and Holder(s) of the Class [loan-specific]
Certificates constituted a single lender (and, in the case of a Serviced AB Loan Combination, taking into account the subordinate
nature of the related Serviced Subordinate Companion Loan)) (for example, if the prospective buyer making the lower offer is more
likely to perform its obligations or the terms offered by the prospective buyer making the lower offer are more favorable).

 

(n)       In
no event shall the Trust Fund or the Trustee, the Certificate Administrator, the Master Servicer or the Special Servicer on the
Trust’s behalf purchase, or pay or advance costs to purchase, any Outside Serviced Mortgage Loan, or any Companion Loan
or any Mortgage Loan.

 

(o)       Notwithstanding
anything herein to the contrary, any party identified in the related Co-Lender Agreement or Outside Servicing Agreement (which,
if the identified party is the holder of an Outside Serviced Mortgage Loan, shall mean the Controlling Class Representative for
so long as no Control Termination Event has occurred and is continuing), in its individual capacity and not on behalf of the Trust,
shall be entitled to purchase an Outside Serviced Mortgage Loan in accordance with the terms and conditions set forth in the related
Co-Lender Agreement and Outside Servicing Agreement. In no event shall the Trust Fund or the Trustee, the Master Servicer or the
Special Servicer on its behalf purchase, or pay or advance costs to purchase, any Outside Serviced Mortgage Loan or the related
Companion Loan(s) or any other Mortgage Loan.

 

(p)       Notwithstanding
anything to the contrary herein, any purchase or sale of a Specially Serviced Loan pursuant to this Section 3.17 will remain
subject to the cure, purchase and other rights of, in each case if applicable, any related Subordinate Companion Loan Holder as
set forth in the related Co-Lender Agreement and any holder of a related mezzanine loan as set forth in the related intercreditor
agreement. The Special Servicer shall determine the price to be paid in accordance with the terms of the related Co-Lender Agreement
or the related mezzanine loan intercreditor agreement in connection with any such purchase rights in favor of any related Subordinate
Companion Loan Holder or mezzanine loan holder and shall provide

 

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such notices to the related Subordinate Companion Loan Holder
or the holder of a related mezzanine loan as are required by the related Co-Lender Agreement or the related mezzanine loan intercreditor
agreement in connection with each such holders’ purchase rights.

 

(q)       With
respect to any Serviced Pari Passu Loan Combination (other than any such Loan Combination that is a Serviced Outside Controlled
Loan Combination), the parties hereto acknowledge that the related Co-Lender Agreement provides that if such Serviced Pari Passu
Loan Combination becomes a Defaulted Serviced Loan Combination, and if the Special Servicer determines to sell the related Serviced
Mortgage Loan in accordance with this Section 3.17, then the Special Servicer will be required to sell each related Serviced
Pari Passu Companion Loan together with such Serviced Mortgage Loan as a single whole loan in accordance with this Agreement and
subject to any rights of the related Directing Holder and/or the holder of any related Serviced Pari Passu Companion Loan hereunder
or under the related Co-Lender Agreement. Notwithstanding anything to the contrary herein, the Special Servicer shall not sell
any such Serviced Pari Passu Loan Combination if it becomes a Defaulted Serviced Loan Combination without the written consent
of each related Serviced Pari Passu Companion Loan Holder (provided that such consent is not required if the consenting party
is the related Mortgagor or an Affiliate of the related Mortgagor) unless the Special Servicer has delivered to such related Serviced
Pari Passu Companion Loan Holder: (a) at least 15 Business Days’ prior written notice of any decision to attempt to sell
such Defaulted Serviced Loan Combination; (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 subject Serviced Pari Passu
Loan Combination, and any documents in the Servicing File reasonably requested by such related Serviced Pari Passu Companion Loan
Holder that are material to the price of the subject Serviced Pari Passu Loan Combination; and (d) until the sale is completed,
and a reasonable period of time (but no less time than is afforded to other offerors) prior to the proposed sale date, all information
and other documents being provided to other offerors and all leases or other documents that are approved by the Master Servicer
or the Special Servicer in connection with the proposed sale; provided, that a related Serviced Pari Passu Companion Loan Holder
may waive as to itself any of the delivery or timing requirements set forth in this sentence. The Controlling Class Representative
and each related Serviced Pari Passu Companion Loan Holder will be permitted to submit an offer to purchase, and any such party
is permitted to be the purchaser at any sale of, the subject Defaulted Serviced Loan Combination unless such Person is the related
Mortgagor or an agent or Affiliate of the related Mortgagor.

 

(r)       With
respect to any Serviced Pari Passu Loan Combination that is a Serviced Outside Controlled Loan Combination, the parties hereto
acknowledge that the related Co-Lender Agreement provides that if such Serviced Pari Passu Loan Combination becomes a Defaulted
Serviced Loan Combination, and if the Special Servicer determines to sell the related Serviced Mortgage Loan in accordance with
this Section 3.17, then the Special Servicer will be required to sell the related Serviced Pari Passu Companion Loan together
with such Serviced Mortgage Loan as a single whole loan in accordance with this Agreement and subject to any rights of the related
Directing Holder, the Controlling Class Representative and/or the holder of any related non-controlling Serviced Pari Passu Companion
Loan hereunder or under the related Co-Lender Agreement. Notwithstanding anything to the contrary herein, the Special Servicer

 

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shall not sell any such Serviced Pari Passu Loan Combination if it becomes a Defaulted Serviced Loan Combination without the written
consent of the Controlling Class Representative (unless a Consultation Termination Event exists), the related Outside Controlling
Note Holder and the holder of each related non-controlling Serviced Pari Passu Companion Loan (provided that such consent is not
required if the consenting party is the related Mortgagor or an Affiliate of the related Mortgagor) unless the Special Servicer
has delivered to the Controlling Class Representative, the related Outside Controlling Note Holder and the holder of each related
non-controlling Serviced Pari Passu Companion Loan: (a) at least 15 Business Days’ prior written notice of any decision
to attempt to sell such Serviced Pari Passu Loan Combination; (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 subject
Serviced Pari Passu Loan Combination, and any documents in the Servicing File reasonably requested by the Controlling Class Representative,
the related Outside Controlling Note Holder and the holder of each related non-controlling Serviced Pari Passu Companion Loan
that are material to the price of the subject Serviced Pari Passu Loan Combination; 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 Controlling 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 the
Controlling Class Representative, the related Outside Controlling Note Holder and the holder of each related non-controlling Serviced
Pari Passu Companion Loan may each waive as to itself any of the delivery or timing requirements set forth in this sentence. The
Controlling Class Representative, the related Outside Controlling Note Holder and the holder of each related non-controlling Serviced
Pari Passu Companion Loan shall be permitted to submit an offer to purchase, and any such party is permitted to be the purchaser
at any sale of, the subject Serviced Pari Passu Loan Combination unless such Person is the related Mortgagor or an agent or Affiliate
of the related Mortgagor.

 

With
respect to each Serviced AB Loan Combination, if such Serviced AB Loan Combination becomes a Defaulted Serviced Loan Combination,
and if the Special Servicer determines to sell the related Serviced Mortgage Loan in accordance with this Section 3.17,
then the Special Servicer shall be permitted to sell the related Serviced Subordinate Companion Loan together with such Serviced
Mortgage Loan and any related Serviced Pari Passu Companion Loan as one whole loan in accordance with this Agreement and the related
Co-Lender Agreement, provided that the Special Servicer has received prior written consent from the holder of such Serviced Subordinate
Companion Loan.

 

(s)       With
respect to any Outside Serviced Mortgage Loan upon becoming a “Defaulted Mortgage Loan” (as such term or any analogous
term is defined pursuant to the terms of the applicable Outside Servicing Agreement), and with respect to any REO Property related
to an Outside Serviced Mortgage Loan, the liquidation of such Outside Serviced Mortgage Loan or such REO Property shall be administered
by the related Outside Special Servicer in accordance with the applicable Outside Servicing Agreement and the related Co-Lender
Agreement. Any such sale of an Outside Serviced Mortgage Loan or any related REO Property pursuant to the applicable Outside Servicing
Agreement and/or the related Co-Lender Agreement shall be final and without recourse to the Trustee or the Trust, and none of
the Master Servicer, the Special

 

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Servicer, the Certificate Administrator or the Trustee shall have any liability to any Certificateholder
with respect to the purchase price for such Outside Serviced Mortgage Loan or such REO Property accepted on behalf of the Trust.
Any proceeds of such a sale received by the Trust Fund shall be promptly deposited in the Collection Account.

 

(t)        In
the event the Trust Subordinate Companion Loan becomes a Defaulted Mortgage Loan, the related Subordinate Loan-Specific Directing
Certificateholder shall be permitted upon irrevocable notice to the Master Servicer, Special Servicer, Trustee, Certificate Registrar,
Depositor, Directing Holder and Operating Advisor, to purchase such Trust Subordinate Companion Loan from the Trust in exchange
for the Class [LOAN-SPECIFIC] Certificates together with the payment of all fees, costs and expenses and other amounts arising
hereunder, including without limitation any amounts due to the Master Servicer, the Special Servicer, the Operating Advisor and
the Trustee. After such election, the Certificate Registrar shall extinguish the Class [LOAN-SPECIFIC] Certificates on any Distribution
Date within 45 days of receipt of such notice upon the tender of the Class [LOAN-SPECIFIC] Certificates by such Holder and shall
deliver the Mortgage Note related to the Trust Subordinate Companion Loan together with all assignments and allonges necessary
to transfer ownership of such Mortgage Note to such Holder. For federal income tax purposes, the Class [LOAN-SPECIFIC] Certificateholder
shall be deemed to have purchased the Trust Subordinate Companion Loan for an amount equal to the outstanding Certificate Balance
of the Class [LOAN-SPECIFIC] Certificates and all accrued unpaid interest thereon, and such amount shall be deemed to be distributed
to such Holder in accordance with Section 4.01(b). Notwithstanding anything to the contrary herein, such rights described in this
Section 3.17(t) shall expire if the Trust Subordinate Companion Loan is no longer part of the Trust Fund, is otherwise sold pursuant
to the terms of this Agreement, or becomes an REO Loan.

 

Section
3.18      Additional Obligations of the Master Servicer; Inspections; Obligation to Notify Ground Lessors; Delivery of Certain
Reports to the Serviced Companion Loan Holder.

 

(a)       The
Master Servicer (or, with respect to Specially Serviced Loans and REO Properties, the Special Servicer) shall inspect or cause
to be inspected each Mortgaged Property that secures a Serviced Loan at such times and in such manner as are consistent with the
Servicing Standard, but in any event at least once every calendar year with respect to such Mortgaged Property relating to Serviced
Mortgage Loans with an outstanding principal balance of $[2,000,000] or more and at least once every other calendar year with
respect to such Mortgaged Property relating to Serviced Mortgage Loans with an outstanding principal balance of less than $[2,000,000],
in each case commencing in 20[__]; provided that the Master Servicer is not required to inspect any Mortgaged Property
that has been inspected by the Special Servicer during the preceding [12] months. If any Serviced Mortgage Loan or Serviced Loan
Combination becomes a Specially Serviced Loan, the related Mortgaged Property shall be inspected by the Special Servicer as soon
as practicable and thereafter at least every calendar year for so long as such condition exists. The cost of any annual inspection,
or bi-annual inspection, as the case may be, shall be borne by the Master Servicer unless the related Serviced Mortgage Loan or
Serviced Loan Combination is a Specially Serviced Loan. The Master Servicer shall reimburse the Special Servicer for the cost
of any inspection of a Specially Serviced Loan as a Property Advance (or as an expense of the Trust Fund and paid by the Master

 

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Servicer out of the Collection Account if such Property Advance would be a Nonrecoverable Advance) and any out-of-pocket costs
incurred with respect to such inspection shall be borne by the Trust Fund.

 

(b)       The
Master Servicer shall, as to each Mortgage Loan (excluding an Outside Serviced Mortgage Loan) which is secured by the interest
of the related Mortgagor under a Ground Lease, even if the corresponding fee interest is encumbered, promptly (and in any event
within [60] days following the later of the Closing Date or its receipt of a copy of the Ground Lease) notify the related ground
lessor of the transfer of such Mortgage Loan to the Trust Fund pursuant to this Agreement and inform such ground lessor that any
notices of default under the related Ground Lease should thereafter be forwarded to the Master Servicer.

 

(c)       The
Master Servicer and the Special Servicer shall each promptly prepare or cause to be prepared and deliver to each Serviced Companion
Loan Holder a written report, prepared in the manner set forth in Section 4.02, of each inspection performed by it with
respect to the related Mortgaged Property and Serviced Companion Loan related thereto.

 

(d)       The
Master Servicer is hereby authorized to exercise any rights granted under the applicable Outside Servicing Agreement in favor
of the Trust (or a party on its behalf) as the holder of each Outside Serviced Mortgage Loan to obtain information from the related
Outside Servicer (or other similar parties with an obligation to make advances) in connection with making nonrecoverability determinations.
The Master Servicer shall promptly deliver to any related Outside Servicer, upon request, such information in the Master Servicer’s
possession as the related Outside Servicer reasonably requests in order to determine whether an advance similar to a P&I Advance
would be “nonrecoverable.”

 

(e)       If
required under the related Co-Lender Agreement, the Master Servicer shall promptly deliver to each Serviced Companion Loan Holder
or provide electronically: (i) copies of operating statements and rent rolls; (ii) annual CREFC® NOI Adjustment
Worksheets (with annual operating statements as exhibits); and (iii) annual CREFC® Operating Statement Analysis
Reports, in each case prepared, received or obtained by it pursuant to this Agreement with respect to the Mortgaged Properties
securing the related Serviced Companion Loan.

 

Section
3.19      Lock-Box Accounts, Escrow Accounts.

 

Except
with respect to the Outside Serviced Mortgage Loans, the Master Servicer shall administer each Lock-Box Account and Escrow Account
in accordance with the related Mortgage or Loan Agreement or Lock-Box Agreement, if any, and administer any letters of credit
pursuant to the related letter of credit agreement and the Loan Documents.

 

Notwithstanding
the foregoing, to the extent that any cash amounts are held in an Escrow Account or other cash collateral account and the mortgagee
under the related Loan Documents is permitted, but not required, to apply such amounts to prepay the related Mortgage Loan (or
Serviced Loan Combination), neither the Master Servicer nor the Special Servicer shall apply such amounts to prepay the Mortgage
Loan (or Serviced Loan Combination) until after the occurrence of an event of default under the Mortgage Loan that may result
in the Mortgage Loan (or Serviced Loan Combination) being accelerated or becoming a Specially Serviced Loan.

 

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Section
3.20      Property Advances.

 

(a)       Except
with respect to an Outside Serviced Mortgage Loan, the Master Servicer (or, to the extent provided in Section 3.20(b) of
this Agreement, the Trustee) shall make any Property Advances as and to the extent incidental to the performance of its duties
under this Agreement or otherwise required pursuant to the terms hereof. The Special Servicer shall give the Master Servicer,
the Trustee and any affected Serviced Companion Loan Holder not less than five (or, in the case of emergency advances pursuant
to Section 3.20(e) of this Agreement, two) Business Days’ written notice before the date on which the Master Servicer
is requested to make any Property Advance with respect to a given Specially Serviced Loan or REO Property (other than an REO Property
related to an Outside Serviced Mortgage Loan). In addition, the Special Servicer shall provide the Master Servicer, the Trustee
and any affected Serviced Companion Loan Holder with such information in its possession as the Master Servicer, the Trustee or
such Serviced Companion Loan Holder, as applicable, may reasonably request to enable the Master Servicer or the Trustee, as applicable,
to determine whether a requested Property Advance would constitute a Nonrecoverable Advance. Any such notice by the Special Servicer
to the Master Servicer of a required Property Advance shall be deemed to be a determination by the Special Servicer that such
requested Property Advance is not a Nonrecoverable Advance, and the Master Servicer shall be entitled to conclusively rely on
such determination. In the absence of a determination by the Special Servicer that a Property Advance is a Nonrecoverable Advance,
all determinations of recoverability with respect to Property Advances to be made (or contemplated to be made) by the Master Servicer
or the Trustee will remain with the Master Servicer or the Trustee, as applicable. On the fourth Business Day before each Distribution
Date, the Special Servicer shall report to the Master Servicer the Special Servicer’s determination as to whether any Property
Advance previously made with respect to a Specially Serviced Loan is a Nonrecoverable Advance promptly after making such determination.
The Master Servicer and the Trustee shall be entitled to conclusively rely on and shall be bound by such a determination and shall
be bound by a determination by the Special Servicer that a Property Advance previously made or contemplated to be made with respect
to a Specially Serviced Loan is or would be a Nonrecoverable Advance. Although the Special Servicer may determine whether a Property
Advance is a Nonrecoverable Advance, the Special Servicer will have no right to (i) make an affirmative determination that any
Property Advance previously made or to be made (or contemplated to be made) by the Master Servicer or the Trustee is, or would
be, recoverable or (ii) reverse any determination that may have been made by the Master Servicer or the Trustee or to prohibit
the Master Servicer or the Trustee from making a determination that any Property Advance constitutes or would constitute a Nonrecoverable
Advance; provided that this sentence will not be construed to limit the Special Servicer’s right to make a determination
that a Property Advance to be made (or contemplated to be made) would be, or a previously made Advance is, a Nonrecoverable Advance,
as described in this Section 3.20. The Master Servicer and the Special Servicer shall consider Unliquidated Advances in
respect of prior Property Advances for the purposes of non-recoverability determinations as if such amounts were unreimbursed
Property Advances.

 

For
purposes of distributions to Certificateholders and Serviced Companion Loan Holders and compensation to the Master Servicer or
the Trustee, Property Advances shall not be considered to increase the principal balance of any Mortgage Loan or Serviced Loan

 

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Combination, notwithstanding that the terms of such Mortgage Loan or Serviced Loan Combination so provide.

 

(b)       The
Master Servicer shall notify the Trustee and any related Serviced Companion Loan Holder in writing promptly upon, and in any event
within one (1) Business Day after, becoming aware that it will be unable to make any Property Advance required to be made pursuant
to the terms hereof, and in connection therewith, shall set forth in such notice the amount of such Property Advance, the Person
to whom it will be paid, and the circumstances and purpose of such Property Advance, and shall set forth therein information and
instructions for the payment of such Property Advance, and, on the date specified in such notice for the payment of such Property
Advance, or, if the date for payment has passed or if no such date is specified, then within five (5) Business Days following
such notice, the Trustee, subject to the provisions of Section 3.20(c) of this Agreement, shall pay the amount of such
Property Advance in accordance with such information and instructions. Any notice to the Trustee pursuant to this Section shall
be deemed to be given to a Responsible Officer of the Trustee if made in accordance with Section 12.04 of this Agreement.

 

(c)       Neither
the Master Servicer nor the Trustee shall be obligated to make a Property Advance as to any Mortgage Loan or Serviced Loan Combination
or REO Property if the Master Servicer, the Special Servicer or the Trustee, as applicable, determines that such Advance will
be a Nonrecoverable Advance. The determination by any Person with an obligation hereunder to make Property Advances that it has
made a Nonrecoverable Advance or that any proposed Property Advance, if made, would constitute a Nonrecoverable Advance or a determination
by the Special Servicer that a Property Advance previously made or proposed to be made is or would, if made, constitute a Nonrecoverable
Advance, shall be made by such Person (i) in the case of the Master Servicer or the Special Servicer, in accordance with the Servicing
Standard and (ii) in the case of the Trustee, in accordance with its good faith business judgment and shall be evidenced by an
Officer’s Certificate delivered on or prior to the next Master Servicer Remittance Date to (1) the affected Serviced Companion
Loan Holders or their Companion Loan Holder representatives (and the related subsequent master servicer and special servicer,
if applicable), in the case of any Serviced Loan Combination, (2) the Trustee (unless it is the Person making the determination),
(3) the Controlling Class Representative (prior to the occurrence and continuance of a Control Termination Event), (4) in the
case of a Property Advance with respect to any Serviced Outside Controlled Loan Combination, the related Outside Controlling Note
Holder, (5) the Master Servicer (unless it is the Person making the determination), (6) the Special Servicer (unless it is the
Person making the determination), and (7) the Depositor (if the Trustee is making the determination), setting forth the basis
for such determination, together with any other information that supports such determination together with a copy of any Appraisal
of the related Mortgaged Property or REO Property, as the case may be (which Appraisal shall be an expense of the Trust Fund,
shall take into account any material change in circumstances of which such Person is aware or such Person has received new information,
either of which has a material effect on the value and shall have been conducted in accordance with the standards of the Appraisal
Institute within the twelve months preceding such determination of nonrecoverability), and further accompanied by related Mortgagor
operating statements and financial statements, budgets and rent rolls of the related Mortgaged Property (to the extent available
and/or in such Person’s possession) and any engineers’ reports, environmental surveys or similar reports that such
Person may have obtained and that support

 

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such determination. In connection with a determination by the Special Servicer, the
Master Servicer or the Trustee as to whether a Property Advance previously made or to be made constitutes or would constitute
a Nonrecoverable Advance:

 

(A)       any
such Person will be entitled to consider (among other things) the obligations of the Mortgagor under the terms of the related
Mortgage Loan or Serviced Loan Combination as it may have been modified, to consider (among other things) the related Mortgaged
Properties in their “as is” or then current conditions and occupancies, as modified by such party’s assumptions
regarding the possibility and effects of future adverse change with respect to such Mortgaged Properties, to estimate and consider
(among other things) future expenses and to estimate and consider (among other things) the timing of recoveries;

 

(B)       any
such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that an Advance is a Nonrecoverable Advance) and may obtain at the expense of the Trust Fund any analysis, Appraisals or market
value estimates or other information as reasonably may be required for such purposes;

 

(C)       the
Special Servicer may, at its option, make a determination in accordance with the Servicing Standard that any proposed Property
Advance, if made, would be a Nonrecoverable Advance or that any outstanding Property Advance is a Nonrecoverable Advance and may
deliver to the Master Servicer, the Trustee, the Controlling Class Representative (prior to the occurrence and continuance of
a Consultation Termination Event) and, in the case of a Property Advance with respect to a Serviced Outside Controlled Loan Combination,
the related Outside Controlling Note Holder notice of such determination, which determination shall be conclusive and binding
on the Master Servicer and the Trustee (but this statement shall not be construed to entitle the Special Servicer to reverse any
other authorized Person’s determination, or to prohibit any such other authorized Person from making a determination, that
a Property Advance constitutes or would constitute a Nonrecoverable Advance);

 

(D)       the
Trustee shall be entitled to rely, conclusively, on any determination by the Master Servicer or Special Servicer that a Property
Advance is or, if made, would be a Nonrecoverable Advance, and the Master Servicer shall be entitled to rely, conclusively, on
any determination by the Special Servicer that a Property Advance is or, if made, would be a Nonrecoverable Advance;

 

(E)       any
non-recoverability determination by the Master Servicer or the Special Servicer pursuant to this Section 3.20 with respect
to the non-recoverability of Property Advances shall be conclusive and binding on the Master Servicer (in the case of such a determination
by the Special Servicer) and the Trustee; and

 

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(F)       notwithstanding
the foregoing, the Trustee may conclusively rely upon any determination by the Master Servicer or the Special Servicer that any
Property Advance would be recoverable (unless a non-recoverability determination has been made by the other servicer in accordance
with clause (E) above which is binding on the Trustee), and the Master Servicer may conclusively rely upon any determination
by the Special Servicer that any Property Advance would be recoverable.

 

(d)       The
Master Servicer and/or the Trustee, as applicable, shall be entitled to the reimbursement of Property Advances made by any of
them to the extent permitted pursuant to Section 3.06(a)(ii) or Section 3.06A(a)(ii) of this Agreement, together
with any related Advance Interest Amount in respect of such Property Advances, and the Master Servicer and the Special Servicer,
as applicable, hereby covenant and agree to use efforts consistent with the Servicing Standard to obtain the reimbursement of
such Property Advances from the related Mortgagors to the extent permitted by applicable law and the related Loan Documents.

 

(e)       Notwithstanding
anything to the contrary contained in this Agreement, if a Property Advance is required to be made under this Agreement with respect
to any Specially Serviced Loan or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), the
Special Servicer shall request that the Master Servicer make such Property Advance, such request to be made, in writing, at least
five (5) Business Days (or, in an emergency situation or on an urgent basis, two (2) Business Days, provided that the written
request sets forth the nature of the emergency or the basis of the urgency) in advance of the date on which such Property Advance
is required to be made hereunder and to be accompanied by such information and documentation regarding the subject Property Advance
as the Master Servicer may reasonably request, subject to the Master Servicer’s right to determine that such Property Advance
does not constitute or would not constitute a Nonrecoverable Advance. The Master Servicer shall have the obligation to make any
such Property Advance that it is so requested by the Special Servicer to make, within five (5) Business Days (or, in an emergency
situation or on an urgent basis, two (2) Business Days) of the Master Servicer’s receipt of such request. The Special Servicer
shall have no obligation to make any Property Advance. The Master Servicer shall be entitled to reimbursement for any Advance
made by it at the direction of the Special Servicer, together with interest thereon at the same time, in the same manner and to
the same extent as the Master Servicer is entitled with respect to any other Advances made thereby.

 

Section
3.21      Appointment of Special Servicer; Asset Status Reports.

 

(a)       [special
servicer] is hereby appointed as the initial Special Servicer to specially service each of the Mortgage Loans (other than
the Outside Serviced Mortgage Loans), each Serviced Loan Combination and the Trust Subordinate Companion Loan.

 

(b)       The
Special Servicer, at the earlier of (x) within [60] days after a Servicing Transfer Event occurs and (y) prior to taking action
with respect to any Major Decision (or making a determination not to take action with respect to a Major Decision) with respect
to a Specially Serviced Loan, shall prepare a report (the “Asset Status Report”) for the related Mortgage Loan
or Serviced Loan Combination. Each Asset Status Report will be delivered in

 

    -263- 

     

    

 

electronic format to the Operating Advisor (subject
to Section 3.21(e) of this Agreement), the related Directing Holder (but, if the Controlling Class Representative is the
related Directing Holder, only prior to the occurrence and continuance of a Consultation Termination Event and only if the related
Specially Serviced Loan is not an Excluded Mortgage Loan), [the Risk Retention Consultation Party (other than with respect to
any related Excluded RRCP Mortgage Loan),]1 the related Serviced Companion Loan Holder (in the case of a Serviced
Loan Combination) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of
this Agreement, the Rule 17g-5 Information Provider; provided, however, the Special Servicer shall not be required
to deliver an Asset Status Report to the related Directing Holder if they are the same entity. The Special Servicer shall notify
the Operating Advisor of whether any Asset Status Report delivered to the Operating Advisor is a Final Asset Status Report, which
notification may be satisfied by (i) delivery of an Asset Status Report that is either signed by the Directing Holder or that
otherwise includes an indication that such Asset Status Report is deemed approved due to the passage of any required consent or
consultation time period or (ii) such other method as reasonably agreed to by the Operating Advisor and the Special Servicer.
The Special Servicer shall deliver a summary of each Final Asset Status Report to the Certificate Administrator. Such Asset Status
Report shall be consistent with the Servicing Standard and set forth the following information to the extent reasonably determinable:

 

(i)        summary
of the status of the related Mortgage Loan or Serviced Loan Combination and any negotiations with the Mortgagors;

 

(ii)       if
a Servicing Transfer Event has occurred and is continuing:

 

(A)       a
discussion of the legal and environmental considerations reasonably known at such time to the Special Servicer, consistent with
the Servicing Standard, that are applicable to the exercise of remedies as aforesaid and to the enforcement of any related guaranties
or other collateral for the Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan and whether outside legal
counsel has been retained;

 

(B)       the
most current rent roll and income or operating statement available for the related Mortgaged Properties;

 

(C)       the
Special Servicer’s recommendations on how the related Mortgage Loan might be returned to performing status or otherwise
realized upon;

 

(D)       a
copy of the last obtained Appraisal of the Mortgaged Property;

 

(E)       the
status of any foreclosure actions or other proceedings undertaken with respect thereto, any proposed workouts with respect thereto
and the status of any negotiations with respect to such workouts, and an assessment of the likelihood of additional defaults under
the related Mortgage Loan or Serviced Loan Combination;

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -264- 

     

    

 

(F)       a
description of any amendment, modification or waiver of a material term of any ground lease; and

 

(G)       if
the Special Servicer elects to proceed with a non-judicial foreclosure, then a statement as to (i) whether there was a violation
of a non-recourse carve-out under the related Mortgage Loan or Serviced Loan Combination and (ii) any determination not to pursue
a deficiency judgment against the related Mortgagor or guarantor;

 

(iii)      a
description of any such proposed or taken actions;

 

(iv)      the
alternative courses of action that were or are being considered by the Special Servicer in connection with the proposed or taken
actions;

 

(v)       the
decision that the Special Servicer made, or intends or proposes to make, including a narrative analysis setting forth the Special
Servicer’s rationale for its proposed decision, including its rejection of the alternatives;

 

(vi)      an
analysis of whether or not taking such proposed action is reasonably likely to produce a greater recovery on a present value basis
than not taking such action, setting forth (x) the basis on which the Special Servicer made such determination and (y) the net
present value calculation (including the applicable Calculation Rate used) and all related assumptions; and

 

(vii)       such
other information as the Special Servicer deems relevant in light of the proposed or taken action and the Servicing Standard.

 

If
any related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling
Class Representative (if any other Serviced Loan(s), except for Excluded Mortgage Loans, are involved and a Control Termination
Event does not exist), as applicable, does not disapprove an Asset Status Report in writing within 10 Business Days of receiving
such Asset Status Report, then the related Directing Holder shall be deemed to have approved such Asset Status Report and the
Special Servicer shall implement the recommended action as outlined in such Asset Status Report; provided, however,
that the Special Servicer may not take any action that is contrary to applicable law, the Servicing Standard or the terms of the
applicable Loan Documents. If the related Directing Holder disapproves such Asset Status Report within [10 Business Days] of receipt
(and, if the Controlling Class Representative is the related Directing Holder, a Control Termination Event does not exist and
such Asset Status Report does not relate to an Excluded Mortgage Loan) and the Special Servicer has not made the affirmative determination
contemplated below, the Special Servicer will revise such Asset Status Report and deliver to the Operating Advisor (subject to
Section 3.21(e) of this Agreement), the related Directing Holder (but, if the Controlling Class Representative is the related
Directing Holder, only prior to the occurrence and continuance of a Consultation Termination Event and only if such Asset Status
Report does not relate to an Excluded Mortgage Loan), [the Risk Retention Consultation Party (if such Asset Status Report does
not relate to any related Excluded

 

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RRCP Mortgage Loan),]1 any related Serviced Companion Loan Holder(s) (in the
case of a Serviced Loan Combination) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section
12.13 of this Agreement, the Rule 17g-5 Information Provider a new Asset Status Report as soon as practicable, but in no event
later than [30] days after such disapproval. The Special Servicer shall revise such Asset Status Report as described above until
the related Directing Holder (but, if the Controlling Class Representative is the related Directing Holder, only if a Control
Termination Event does not exist and only if an Excluded Mortgage Loan is not involved) shall fail to disapprove such revised
Asset Status Report in writing within [10 Business Days] of receiving such revised Asset Status Report or until the Special Servicer
makes a determination, consistent with the Servicing Standard, that such objection is not in the best interests of all the Certificateholders
and, if applicable, the related Serviced Companion Loan Holder(s) (as a collective whole as if such Certificateholders, and/or
Serviced Companion Loan Holder(s), if applicable, constitute a single lender (and, in the case of a Serviced AB Loan Combination,
taking into account the subordinate nature of the related Subordinate Companion Loan(s))). The Special Servicer may, from time
to time, modify any Asset Status Report it has previously delivered and implement such report, provided such report shall
have been prepared, reviewed and not rejected pursuant to the terms of this Section. If the related Directing Holder does not
approve an Asset Status Report within [60 Business Days] from the first submission thereof, the Special Servicer shall take such
action as directed by the related Directing Holder (but, if the Controlling Class Representative is the related Directing Holder,
only if a Control Termination Event does not exist and only if an Excluded Mortgage Loan is not involved), provided such
action does not violate the Servicing Standard (or, if such action would violate the Servicing Standard, the Special Servicer
shall take such action as was reflected in the most recent Asset Status Report prepared by the Special Servicer with respect to
the subject Serviced Loan that is consistent with the Servicing Standard). Notwithstanding the foregoing, if the Special Servicer
determines that emergency action is necessary to protect the related Mortgaged Property or the interests of the Certificateholders
and any related Serviced Companion Loan Holder(s), or if a failure to take any such action at such time would be inconsistent
with the Servicing Standard, the Special Servicer may take actions with respect to the related Mortgaged Property before the expiration
of a [10 Business Day] period if the Special Servicer reasonably determines in accordance with the Servicing Standard that failure
to take such actions before the expiration of a [10 Business Day] period would materially and adversely affect the interest of
the Certificateholders and any related Serviced Companion Loan Holder(s) (if applicable) and the Special Servicer has made a reasonable
effort to contact the related Directing Holder (during the period that such Directing Holder has approval rights); provided
that the foregoing shall not relieve the Special Servicer of its duties to comply with the Servicing Standard. If the Special
Servicer acts or intends to act in accordance with either of the prior two sentences, then the Special Servicer shall act in accordance
with the most recent Asset Status Report provided by the Special Servicer with respect to the subject Serviced Loan that is consistent
with the Servicing Standard and such Asset Status Report shall be deemed a Final Asset Status Report. To the extent that the Special
Servicer received notice of an Excluded Controlling Class Mortgage Loan (in the form of Exhibit M-1C or M-1F), any
Asset Status Report or Excluded Information

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -266- 

     

    

 

delivered with respect to an Excluded Controlling Class Mortgage Loan shall be labeled
by the Special Servicer with “Excluded Information” followed by the loan number and loan name.

 

After
the occurrence and during the continuance of [a Control Termination Event]1 [an Operating Advisor Consultation Trigger
Event]2, the Special Servicer shall consult on a non-binding basis with the Operating Advisor in connection with
each Asset Status Report prior to finalizing and executing such Asset Status Report and the Operating Advisor shall propose, by
written notice, alternative courses of action within [10 Business Days] of receipt of each Asset Status Report to the extent the
Operating Advisor determines such alternatives to be in the best interest of the Certificateholders (including any Certificateholders
that were previously included in the Control Eligible Classes), as a collective whole as if such Certificateholders constituted
a single lender. In addition, after the occurrence and during the continuance of a Control Termination Event, but prior to the
occurrence and continuance of a Consultation Termination Event, the Special Servicer shall also consult on a non-binding basis
with the Controlling Class Representative in connection with each related Asset Status Report (other than any Asset Status Report
with respect to an Excluded Mortgage Loan) prior to finalizing and executing such Asset Status Report and the Controlling Class
Representative shall be permitted to propose alternative courses of action within [10] Business Days of receipt of each Asset
Status Report (other than any Asset Status Report with respect to an Excluded Mortgage Loan). Furthermore, with respect to a Serviced
Loan Combination, at all times if and to the extent so provided in the related Co-Lender Agreement, any related Serviced Pari
Passu Companion Loan Holder (or its Companion Loan Holder Representative) shall be entitled to consult on a non-binding basis
with the Special Servicer and propose alternative courses of action in respect of any Asset Status Report within [10] Business
Days of receiving such Asset Status Report; provided that, in the case of a Serviced Outside Controlled Loan Combination,
a related Serviced Pari Passu Companion Loan Holder (or its Companion Loan Holder Representative) may be the related Outside Controlling
Note Holder. The Special Servicer shall consider any such proposals from (a) the Operating Advisor (during the continuance of
[a Control Termination Event]1 [an Operating Advisor Consultation Trigger Event]2), (b) the Controlling
Class Representative (during the continuance of a Control Termination Event but prior to the occurrence and continuance of a Consultation
Termination Event and only with respect to any Serviced Loan that is not an Excluded Mortgage Loan) or (c) with respect to any
Serviced Companion Loan, any related Serviced Pari Passu Companion Loan Holder (or its Companion Loan Holder Representative) (if
and when provided in the related Co-Lender Agreement), as applicable, and determine whether any changes to its proposed Asset
Status Report should be made, such determination being made in accordance with the Servicing Standard and the other terms of this
Agreement, but the Special Servicer will be under no obligation to revise such Asset Status Report based on the input or comments
of the Operating Advisor or (during the continuance of a Control Termination Event) the Controlling Class Representative or, with
respect to any Serviced Companion Loan and subject to the related Co-Lender Agreement, any related Serviced Pari Passu Companion
Loan Holder (or its Companion

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

    -267- 

     

    

 

Loan Holder Representative). In the event that the Operating Advisor, the Controlling Class Representative,
the related Serviced Companion Loan Holder (or its Companion Loan Holder Representative), or the related Outside Controlling Note
Holder, as applicable, does not propose alternative courses of action within 10 Business Days after receipt of such Asset Status
Report, the Special Servicer shall implement the Asset Status Report as proposed by the Special Servicer.

 

After
the occurrence and during the continuance of a Control Termination Event, the Controlling Class Representative shall have no right
to consent or object to any Asset Status Report under this Section 3.21(b). After the occurrence and during the continuance
of a Control Termination Event but prior to the occurrence of a Consultation Termination Event, the Controlling Class Representative,
and after the occurrence and during the continuance of [a Control Termination Event]1 [an Operating Advisor Consultation
Trigger Event]2, the Operating Advisor, will be entitled to consult on a non-binding basis with the Special Servicer
and propose alternative courses of action and provide other feedback in respect of any Asset Status Report. The Special Servicer
may choose to revise the Asset Status Report as it deems reasonably necessary in accordance with the Servicing Standard to take
into account any input and/or recommendations of the Operating Advisor after the occurrence and during the continuance of [a Control
Termination Event]1 [an Operating Advisor Consultation Trigger Event]2 or the Controlling Class Representative
after the occurrence and during the continuance of a Control Termination Event but prior to the occurrence of a Consultation Termination
Event, but is under no obligation to follow any particular recommendation of the Operating Advisor or Controlling Class Representative.
From and after the Closing Date, the Controlling Class Representative shall have no right to receive any Asset Status Report related
to an Excluded Mortgage Loan or otherwise to consent or object thereto under this Section 3.21(b) or consult with the Special
Servicer with respect to any matter set forth therein. [Notwithstanding anything herein to the contrary, a Risk Retention Consultation
Party shall have no right to receive any Asset Status Report with respect to any related Excluded RRCP Mortgage Loan.]3

 

With
respect to a Servicing Shift Loan Combination that is a Serviced Outside Controlled Loan Combination, prior to the related Servicing
Shift Date, no request for approval of the Controlling Class Representative shall be made on any matter related to such Servicing
Shift Loan Combination, nor shall the Controlling Class Representative have the right to approve Asset Status Reports related
to such Servicing Shift Loan Combination, except that the Controlling Class Representative (prior to the occurrence and continuance
of a Consultation Termination Event and only if the related Servicing Shift Mortgage Loan is not an Excluded Mortgage Loan) may
exercise the consultation rights, if any, of the holder of the related Servicing Shift Mortgage Loan with respect to Asset Status
Reports, Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan set forth in the applicable Co-Lender

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

3
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.  

 

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Agreement.
With respect to a Servicing Shift Loan Combination that is a Serviced Outside Controlled Loan Combination and any related REO
Property, prior to the related Servicing Shift Date, the Outside Controlling Note Holder with respect to such Servicing Shift
Loan Combination shall exercise all approval rights regarding any Asset Status Report in respect of such Servicing Shift Loan
Combination or REO Property set forth in the second paragraph of this Section 3.21(b) without regard to the occurrence
of any Control Termination Event or Consultation Termination Event. Notwithstanding the foregoing, after the occurrence and during
the continuance of [a Control Termination Event]1 [an Operating Advisor Consultation Trigger Event]2, the
Operating Advisor will be entitled to consult on a non-binding basis with the Special Servicer and propose alternative courses
of action and provide other feedback in respect of any Asset Status Report, Major Decisions and any proposed sale of such Servicing
Shift Mortgage Loan while it is serviced hereunder. The Special Servicer may choose to revise the Asset Status Report as it deems
reasonably necessary in accordance with the Servicing Standard to take into account any input and/or recommendations of the Operating
Advisor after the occurrence and during the continuance of [a Control Termination Event]1 [an Operating Advisor
Consultation Trigger Event]2 or the Controlling Class Representative after the occurrence and during the continuance
of a Control Termination Event but prior to the occurrence of a Consultation Termination Event, but is under no obligation to
follow any particular recommendation of the Operating Advisor or Controlling Class Representative.

 

[Notwithstanding
the foregoing, prior to the occurrence and continuance of an AB Control Appraisal Period with respect to an AB Subordinate Companion
Loan or Trust Subordinate Companion Loan, the Special Servicer shall prepare an Asset Status Report for any Serviced AB Loan Combination
or Trust AB Loan Combination, as applicable, upon it becoming a Specially Serviced Mortgage Loan pursuant to this Agreement and
the related intercreditor agreement, but the Directing Holder will have no approval rights over any such Asset Status Report,
and the consent or approval rights with respect to such Asset Status Report shall be as set forth in the related intercreditor
agreement.]

 

(c)       Subject
to Section 3.21(b) of this Agreement, during the continuance of a Servicing Transfer Event, the Special Servicer shall
have the authority to meet with the related Mortgagors and take any actions consistent with the Servicing Standard and the most
recent Asset Status Report for the related Mortgage Loan.

 

(d)       Upon
request of any Certificateholder (or any Certificate Owner, if applicable, which shall have provided the Certificate Administrator
with an Investor Certification), the Certificate Administrator shall mail, without charge, to the address specified in such request
a copy of the summary of the Final Asset Status Report for each Specially Serviced Loan; provided that an Excluded Controlling
Class Holder shall not be provided with any Final Asset Status Report (or copy thereof) or the summary of any Final Asset Status
Report (or copy

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

    -269- 

     

    

 

thereof) with respect to any Excluded Controlling Class Mortgage Loan with respect to which such Excluded Controlling
Class Holder is a Borrower Party.

 

(e)       Prior
to the occurrence and continuance of [a Control Termination Event]1 [an Operating Advisor Consultation Trigger Event]2,
the Special Servicer shall deliver to the Operating Advisor only each related Final Asset Status Report.

 

(f)       With
respect to any Asset Status Report provided to the Operating Advisor pursuant to this Section 3.21, the Special Servicer
shall make available to the Operating Advisor one or more Servicing Officers with relevant knowledge regarding the applicable
Mortgage Loan and such Asset Status Report in order to address reasonable questions that the Operating Advisor may have relating
to, among other things, such Asset Status Report and potential conflicts of interest with respect to such Asset Status Report.

 

(g)       Notwithstanding
the foregoing, the Special Servicer shall not follow any advice, direction or consultation provided by the Operating Advisor,
any Serviced Companion Loan Holder, any Companion Loan Holder Representative or the related Directing Holder that would require
or cause the Special Servicer to violate any applicable law, be inconsistent with the Servicing Standard, require or cause the
Special Servicer to violate provisions of this Agreement or the REMIC Provisions, require or cause the Special Servicer to violate
the terms of any Mortgage Loan or Serviced Loan Combination, any related Loan Documents, any related Co-Lender Agreement or any
intercreditor agreement, expose any Certificateholder, the Trust Fund, any Mortgage Loan Seller (other than with respect to enforcing
the rights and remedies against such Mortgage Loan Seller pursuant to this Agreement or the related Mortgage Loan Purchase Agreement
with respect to any Material Defect) or any party to this Agreement or their respective Affiliates, officers, directors, employees
or agents to any claim, suit or liability, cause either Trust REMIC to fail to qualify as a REMIC or the Grantor Trust to fail
to qualify as a grantor trust for federal income tax purposes, result in the imposition of a “prohibited transaction”
or “prohibited contribution” tax under the REMIC Provisions, materially expand the scope of any Special Servicer’s
responsibilities under this Agreement or any Co-Lender Agreement, or cause the Special Servicer to act, or fail to act, in a manner
that in the reasonable judgment of the Special Servicer is not in the best interests of the Certificateholders and/or the Serviced
Companion Loan Holders. In addition, the Special Servicer is under no obligation to act upon any recommendation of the Operating
Advisor.

 

(h)       In
order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering including Section 326
of the USA PATRIOT Act (for the purposes of this clause (g), “Applicable Laws”), the Special Servicer may be
required to obtain, verify, record and update certain information relating to individuals and entities which maintain a business
relationship with the Special Servicer. Accordingly, each of the parties hereto agrees to provide to the Special Servicer, upon
its reasonable request, from time to time such identifying information and documentation as may be readily available to such party
in order to enable the Special Servicer to comply with Applicable Laws; provided that the Special Servicer shall be responsible
for all reasonable actual out-of-pocket expenses incurred by such party in connection therewith.

 

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Section
3.22      Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping.

 

(a)       Upon
determining that any Serviced Loan or Trust Subordinate Companion Loan has become a Specially Serviced Loan, the Master Servicer
shall promptly give written notice thereof to the Special Servicer, any related Serviced Companion Loan Holder (in the case of
a Serviced Loan Combination), the related Subordinate Loan-Specific Directing Certificateholder (with respect to the Trust AB
Loan Combination), the Operating Advisor, the Certificate Administrator, the Trustee, the related Directing Holder (prior to the
occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to
the Rule 17g-5 Information Provider’s Website pursuant to Section 11.13 of this Agreement, the Rule 17g-5 Information
Provider and shall deliver a copy of the Servicing File to the Special Servicer and concurrently provide a copy of such Servicing
File to the Operating Advisor and shall use its reasonable efforts to provide the Special Servicer with all information, documents
(but excluding the original documents constituting the Mortgage File, but including copies thereof) and records (including records
stored electronically on computer tapes, magnetic discs and the like) relating to such Serviced Loan and, if applicable, the Trust
Subordinate Companion Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect
thereto without acting through a Sub-Servicer. The Master Servicer shall use its reasonable efforts to comply with the preceding
sentence within five (5) Business Days of the date such Serviced Loan or Trust Subordinate Companion Loan became a Specially Serviced
Loan and in any event shall continue to act as Master Servicer and administrator of such Serviced Loan or Trust Subordinate Companion
Loan until the Special Servicer has commenced the servicing of such Serviced Loan or Trust Subordinate Companion Loan, which shall
occur upon the receipt by the Special Servicer of the Servicing File. With respect to each such Serviced Loan or Trust Subordinate
Companion Loan that becomes a Specially Serviced Loan, the Master Servicer shall instruct the related Mortgagor to continue to
remit all payments in respect of such Serviced Loan or Trust Subordinate Companion Loan to the Master Servicer. The Master Servicer
shall forward any notices it would otherwise send to the Mortgagor of such a Specially Serviced Loan to the Special Servicer who
shall send such notice to the related Mortgagor.

 

Upon
determining that a Specially Serviced Loan has become a Corrected Loan, the Special Servicer shall immediately give written notice
thereof to the Master Servicer, the Trustee, the Operating Advisor, the Certificate Administrator, any related Serviced Companion
Loan Holder, the related Subordinate Loan-Specific Directing Certificateholder (unless, with respect to the Trust Subordinate
Companion Loan, an AB Control Appraisal Period has occurred, if applicable), the related Directing Holder (prior to the occurrence
and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and,
upon giving such notice and the return of the Servicing File to the Master Servicer, such Serviced Loan or Trust Subordinate Companion
Loan shall cease to be a Specially Serviced Loan in accordance with the first proviso of the definition of Specially Serviced
Loans, the Special Servicer’s obligation to service such Serviced Loan shall terminate and the obligations of the Master
Servicer to service and administer such Serviced Loan or Trust Subordinate Companion Loan as a Serviced Loan that is not a Specially
Serviced Loan shall resume. In addition, if the related Mortgagor has been instructed, pursuant to the

 

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preceding
paragraph, to make payments to the Special Servicer, upon such determination, the Special Servicer shall instruct the related
Mortgagor to remit all payments in respect of such Specially Serviced Loan directly to the Master Servicer.

 

(b)       In
servicing any Specially Serviced Loan and Trust Subordinate Companion Loan, the Special Servicer shall provide to the Custodian
originals of documents included within the definition of “Mortgage File” for inclusion in the related Mortgage File
(to the extent such documents are in the possession of the Special Servicer) and copies of any additional related Serviced Loan
or Trust Subordinate Companion Loan information, including correspondence with the related Mortgagor, and the Special Servicer
shall promptly provide copies of all of the foregoing to the Master Servicer as well as copies of any analysis or internal review
prepared by or for the benefit of the Special Servicer.

 

(c)       Notwithstanding
the provisions of subsections (a) and (b) of this Section 3.22, the Master Servicer shall maintain ongoing payment records
with respect to each of the Specially Serviced Loans and Trust Subordinate Companion Loan and shall provide the Special Servicer
and the Operating Advisor with any information reasonably required by the Special Servicer or the Operating Advisor to perform
its duties under this Agreement to the extent such information is within the Master Servicer’s possession. The Special Servicer
shall provide the Master Servicer and the Operating Advisor with any information reasonably required by the Master Servicer or
the Operating Advisor to perform its duties under this Agreement to the extent such information is within the Special Servicer’s
possession.

 

Section
3.23          Interest Reserve Account. The Certificate Administrator
shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee,
for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained as a non-interest
bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year) or February
(commencing in [2016]) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master
Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Mortgage
Loans (other than the Trust Subordinate Companion Loan) that accrue interest on the basis of a 360-day year and the actual number
of days in the related month, an amount equal to one day’s interest at the related Mortgage Rate, less the Administrative
Cost Rate, on the Stated Principal Balance of each such Mortgage Loan as of the close of business on the Distribution Date in
the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent a Monthly Payment or P&I
Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable) and February, “Withheld
Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the final Distribution Date occurs
in such month) of each calendar year, the Certificate Administrator shall transfer to the Lower-Tier Distribution Account the
aggregate of all Withheld Amounts on deposit in the Interest Reserve Account.

 

Section
3.24          Modifications, Waivers and Amendments.

 

(a)       (i)
With respect to Performing Serviced Loans, the Master Servicer (subject to the Special Servicer’s consent, except as set
forth in the last paragraph of this Section 3.24(a)), or (ii) with respect to Specially Serviced Loans, the Special Servicer,
in each 

 

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case subject to any applicable consultation rights of the Operating Advisor, any applicable consent and/or consultation
rights of the related Directing Holder (if any) [, any applicable consultation rights of the Risk Retention Consultation Party]1
and, to the extent required in accordance with the related Co-Lender Agreement, any applicable consultation rights of any
related Serviced Companion Loan Holder (or its Companion Loan Holder Representative) and with respect to any Trust AB Loan Combination
or any Serviced Loan Combination, the related Subordinate Loan-Specific Directing Certificateholder, as applicable, may modify,
waive or amend any term of any Serviced Loan or Trust Subordinate Companion Loan if such modification, waiver or amendment (A)
is consistent with the Servicing Standard and (B) would not constitute a “significant modification” of such Serviced
Loan pursuant to Treasury Regulations Section 1.860G-2(b) and would not otherwise (1) cause either Trust REMIC to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of subchapter J of the Code
for federal income tax purposes or (2) result in the imposition of a tax upon either Trust REMIC or the Trust Fund (including
but not limited to the tax on “prohibited transactions” as defined in Code Section 860F(a)(2) and the tax on contributions
to a REMIC set forth in Code Section 860G(d), but not including the tax on “net income from foreclosure property”
under Code Section 860G(c)).

 

In
addition, with respect to Performing Serviced Loans, to the extent any modification, waiver, amendment or other action (i) constitutes
a Major Decision pursuant to Section 6.09(a) of this Agreement and/or (ii) is not the responsibility of the Master Servicer
pursuant to the last paragraph of this Section 3.24(a), the Master Servicer shall obtain the consent of the Special Servicer,
and, in each case, to the extent any modification, waiver, amendment or other action constitutes a Major Decision pursuant to
Section 6.09(a) of this Agreement, the Special Servicer shall obtain the consent of the related Outside Controlling Note
Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling Class Representative (if any other Serviced
Loan(s) (exclusive of any Excluded Mortgage Loan(s)) are involved and a Control Termination Event does not exist), as applicable,
and shall consult with [the Risk Retention Consultation Party (to the extent required pursuant to Section 6.09) and]1
the Operating Advisor (to the extent required pursuant to Section 3.29, Section 6.09 or this Section 3.24).
With respect to any modification, waiver, amendment, consent or other action that constitutes a Major Decision with regard to
any Serviced Loan, the Special Servicer shall also obtain the consent of the related Outside Controlling Note Holder (if a Serviced
Outside Controlled Loan Combination is involved) or the Controlling Class Representative (if any other Serviced Loan(s) (exclusive
of any Excluded Mortgage Loan(s)) are involved and a Control Termination Event does not exist), as applicable, in accordance with
Section 6.09(a) of this Agreement and shall consult with [the Risk Retention Consultation Party (to the extent required
pursuant to Section 6.09) and]1 the Operating Advisor (to the extent required pursuant to Section 3.29,
Section 6.09 or this Section 3.24).

 

No
modification, waiver or amendment of any Co-Lender Agreement related to a Serviced Loan, or an action to enforce rights with respect
thereto, in each case, in a manner that 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

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materially and adversely affects the rights, duties and obligations of the Special Servicer
shall be permitted without the prior written consent of the Special Servicer.

 

When
the Special Servicer’s consent is required with respect to any modification, waiver, amendment or other action with regard
to any Performing Serviced Loan, the Master Servicer shall promptly provide the Special Servicer with written notice of its request
for such modification, waiver, amendment or other action, accompanied by the Master Servicer’s written recommendation and
analysis and any and all information in the Master Servicer’s possession or reasonably available to it that the Special
Servicer or the related Directing Holder may reasonably request in order to withhold or grant its consent, and in all cases the
Special Servicer shall be entitled (subject to, in each case if applicable, the consultation rights of the Operating Advisor,
the consent and/or consultation rights of the related Directing Holder [, the consultation rights of the Risk Retention Consultation
Party (to the extent required pursuant to Section 6.09)]1 and/or the consultation rights of any related Serviced
Companion Loan Holder or its Companion Loan Holder Representative) to approve or disapprove such modification, waiver, amendment
or other action. Subject to Section 3.10 of this Agreement, the Special Servicer shall have 15 Business Days (or, with
respect to a Serviced Loan Combination, such longer period as required by the related Co-Lender Agreement for review by any related
Serviced Companion Loan Holder or its Companion Loan Holder Representative) (or 60 days with respect to an Acceptable Insurance
Default), from the date that the Special Servicer receives the information it requested from the Master Servicer, to analyze and
approve such modification, waiver, amendment or other action and, prior to the end of such 15 Business Day period or such longer
period if required by the applicable Co-Lender Agreement or 60-day period, as applicable, the Special Servicer shall notify the
related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling Class
Representative (if any other Serviced Loan(s) (exclusive of any Excluded Mortgage Loan(s)) are involved and a Control Termination
Event does not exist), as applicable, of such request for approval of each such modification, waiver, amendment or other action
that constitutes a Major Decision and provide its written analysis and recommendation with respect thereto. Following such notice,
the related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling
Class Representative (if any other Serviced Loan(s) (exclusive of any Excluded Mortgage Loan(s)) are involved and a Control Termination
Event does not exist), as applicable, shall have 10 Business Days (or, in the case of a determination of an Acceptable Insurance
Default, 20 days) from the date it receives from the Special Servicer the recommendation and analysis of the Master Servicer or
the Special Servicer, as applicable, and any other information it may reasonably request (or, with respect to a Serviced Loan
Combination, such longer time period as may be provided in the related Co-Lender Agreement) to approve any recommendation of the
Special Servicer or the Master Servicer relating to any request for approval. In any such event, if the related Directing Holder
does not respond to a request for approval by 5:00 p.m. on the 10th Business Day (or, with respect to a Serviced Loan Combination,
such longer time period as may be provided in the related Co-Lender Agreement) or 20th day, as applicable, after receipt of the
applicable recommendation and analysis and other requested information as set forth in the preceding sentence, the Special Servicer
or the Master Servicer, as applicable, may deem its 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

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recommendation approved by the related Directing Holder, and if the Special
Servicer does not respond to a request for approval within the required 15 Business Days (or, with respect to a Serviced Loan
Combination, such longer time period if required by the related Co-Lender Agreement) or 60 days, as applicable, the Master Servicer
may deem its recommendation approved by the Special Servicer.

 

With
respect to any Performing Serviced Loan, and subject to the rights of the Special Servicer and the related Directing Holder under
Section 6.09 of this Agreement, the Master Servicer, without the consent of the Special Servicer, shall be responsible
to determine whether to consent to or approve any request by the related Mortgagor with respect to:

 

(A)       approving
routine leasing activity with respect to any lease for less than the lesser of (i) 30,000 square feet and (ii) 30% of the net
rentable area of the related Mortgaged Property;

 

(B)       approving
any waiver affecting the timing of receipt of financial statements from any Mortgagor; provided that such financial statements
are delivered no less often than quarterly and within 60 days after the end of the calendar quarter;

 

(C)       approving
annual budgets for the related Mortgaged Property; provided that no such budget (i) provides for the payment of operating expenses
in an amount equal to more than 110% of the amounts budgeted therefor for the prior year or (ii) provides for the payment of any
material expenses to any Affiliate of the related Mortgagor (other than the payment of a management fee to any property manager
if such management fee is no more than the management fee in effect on the Cut-Off Date);

 

(D)       subject
to other restrictions in this Agreement regarding Principal Prepayments, waiving any provision of a Serviced Loan requiring a
specified number of days’ notice prior to a Principal Prepayment;

 

(E)       approving
non-material modifications, consents or waivers (other than modifications, consents or waivers specifically prohibited under this
Section 3.24) in connection with a defeasance permitted by the terms of this Agreement, and subject to certain conditions,
including in certain cases, delivery of an Opinion of Counsel (which Opinion of Counsel shall be at the expense of the related
Mortgagor) to the effect that such modification, waiver or consent would not cause either Trust REMIC to fail to qualify as a
REMIC under the Code or result in a “prohibited transaction” under the REMIC Provisions or cause the Grantor Trust
to fail to qualify as a grantor trust for federal income tax purposes;

 

(F)       approving
consents with respect to non-material rights-of-way and non-material easements and consent to subordination of the related Serviced
Loan to such non-material rights-of-way or easements; provided, that the Master Servicer has determined in accordance with
the Servicing Standard that such 

 

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right-of-way or easement does not materially interfere with the then-current use of the related
Mortgaged Property or the security intended to be provided by the related Mortgage and will not have a material adverse effect
on the value of such Mortgaged Property;

 

(G)       granting
waivers of minor covenant defaults (other than financial covenants);

 

(H)       as
permitted under the related Loan Documents, payment from any escrow or reserve, except releases of any escrows, reserve accounts
or letters of credit held as performance escrows or reserves unless required pursuant to the specific terms of the related Serviced
Loan and for which there is no material lender discretion;

 

(I)       approving
a change of the property manager at the request of the related Mortgagor so long as (i) the successor property manager is not
affiliated with the related Mortgagor and is a nationally or regionally recognized manager of similar properties, and (ii) the
subject Serviced Mortgage Loan does not have an outstanding principal balance in excess of the lesser of $5,000,000 or 2% of the
then aggregate principal balance of the Mortgage Loans;

 

(J)       for
all Serviced Mortgage Loans other than the Specified Serviced Mortgage Loans, subject to the satisfaction of any conditions precedent
set forth in the related Loan Documents, approving disbursements of any holdback amounts in accordance with the related Loan Documents
provided that such disbursements are required pursuant to the specific terms of the related Serviced Loan and for which there
is no lender discretion; and

 

(K)       any
non-material modifications, waivers or amendments not provided for in clauses (A) through (J) above, which are necessary to cure
any ambiguities or to correct scrivener’s errors in the terms of the related Serviced Loan.

 

(b)       All
modifications, waivers or amendments of any Serviced Loan or Trust Subordinate Companion Loan shall be in writing and shall be
effected in a manner consistent with the Servicing Standard. The Master Servicer or the Special Servicer, as applicable, shall
notify in writing the Trustee, the Certificate Administrator, the Depositor, any related Serviced Companion Loan Holder (unless,
with respect to a holder of an AB Subordinate Companion Loan, an AB Control Appraisal Period has occurred, if applicable), the
related Subordinate Loan-Specific Directing Certificateholder (unless, with respect to the Trust Subordinate Companion Loan, an
AB Control Appraisal Period has occurred, if applicable), any related Outside Controlling Note Holder, the Controlling Class Representative
(prior to the occurrence and continuance of a Consultation Termination Event and other than with respect to any Excluded Mortgage
Loan), [the Risk Retention Consultation Party (other than with respect to any Excluded RRCP Mortgage Loan),]1 the
Operating Advisor [(after the occurrence and during the 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest

 

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continuance of a Control Termination Event)]1 and, for posting
to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information
Provider, in writing, of any modification, waiver or amendment of any term of any Serviced Loan or Trust Subordinate Companion
Loan and the date thereof, and shall deliver a copy to the Trustee, any related Serviced Companion Loan Holder (unless, with respect
to a holder of an AB Subordinate Companion Loan, an AB Control Appraisal Period has occurred, if applicable), the related Subordinate
Loan-Specific Directing Certificateholder (unless, with respect to the Trust Subordinate Companion Loan, an AB Control Appraisal
Period has occurred, if applicable), any related Outside Controlling Note Holder, the Controlling Class Representative (prior
to the occurrence and continuance of a Consultation Termination Event and other than with respect to any Excluded Mortgage Loan)
[, the Risk Retention Consultation Party (other than with respect to any related Excluded RRCP Mortgage Loan)]1
and the Operating Advisor [(after the occurrence and during the continuance of a Control Termination Event)]1 and an
original to the Trustee or the Custodian of the recorded agreement relating to such modification, waiver or amendment within 15
Business Days following the execution and recordation thereof. For the avoidance of doubt, the requirement with respect to the
delivery of assumption or substitution agreements shall be governed by Section 3.09.

 

(c)       Any
modification of any Loan Documents that requires obtaining a Rating Agency Confirmation pursuant to such Loan Documents, or any
modification that would eliminate, modify or alter the requirement of obtaining a Rating Agency Confirmation in such Loan Documents,
shall not be made without obtaining a Rating Agency Confirmation. The Rating Agency Confirmation shall be obtained at the related
Mortgagor’s expense in accordance with the related Loan Agreement or, if not so provided in such Loan Agreement or if such
Mortgagor does not pay, at the expense of the Trust Fund.

 

(d)       Promptly
after any Mortgage Loan or Serviced Loan Combination becomes a Specially Serviced Loan, the Special Servicer shall request from
the Certificate Administrator the name of the current Controlling Class Representative and, if applicable, shall request from
the Master Servicer the name of the current related Serviced Companion Loan Holder. Upon receipt of the name of such current Controlling
Class Representative from the Certificate Administrator, the Special Servicer shall notify the Controlling Class Representative
that such Mortgage Loan became a Specially Serviced Loan. Upon receipt of the name of such current related Serviced Companion
Loan Holder from the Master Servicer, the Special Servicer shall notify the related Serviced Companion Loan Holder that the related
Serviced Loan Combination became a Specially Serviced Loan. The Certificate Administrator shall be responsible for providing the
name of the current Controlling Class Representative only to the extent the Controlling Class Representative has identified itself
as such to the Certificate Administrator; provided that if the Controlling Class Representative is determined pursuant
to the proviso in the definition of “Controlling Class Representative”, then (i) the Certificate Administrator shall
determine which Class is the Controlling Class and (ii) the Special Servicer 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

2
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

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shall request from the Certificate Administrator,
and the Certificate Administrator shall request from the Depository at the expense of the Trust, the list of Beneficial Holders
of the Controlling Class, and the Certificate Administrator shall provide such list to the Special Servicer and the Master Servicer
at the expense of the Trust Fund.

 

(e)       [Reserved].

 

(f)       The
Special Servicer or Master Servicer may, as a condition to granting any request by a Mortgagor for consent to a modification,
extension, waiver or indulgence or any other matter or thing, the granting of which is within its discretion pursuant to the terms
of the instruments evidencing or securing the related Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion
Loan and, further, pursuant to the terms of this Agreement and applicable law, require that such Mortgagor pay to it a reasonable
or customary fee for the additional services performed in connection with such request and any related costs and expenses incurred
by it; provided that the charging of such fee would not be a “significant modification” of the Mortgage Loan,
Serviced Loan Combination or Trust Subordinate Companion Loan within the meaning of Treasury Regulations Section 1.860G-2(b).

 

(g)       Notwithstanding
anything set forth in this Agreement, in no event shall the Special Servicer be permitted to:

 

(i)   
    extend the Maturity Date of a Serviced Loan beyond a date that is 3 years prior to the Rated Final
Distribution Date; or

 

(ii)       if
the Serviced Loan is secured by a ground lease, extend the Maturity Date of such Serviced Loan beyond a date which is 20 years
or, to the extent consistent with the Servicing Standard, giving due consideration to the remaining term of the ground lease,
10 years prior to the end of the current term of such ground lease, plus any options to extend exercisable unilaterally by the
related Mortgagor.

 

(h)       In
connection with (i) the release of a Mortgaged Property or any portion of a Mortgaged Property from the lien of the related Mortgage
or (ii) the taking of a Mortgaged Property or any portion of a Mortgaged Property by exercise of the power of eminent domain or
condemnation, if the related Loan Documents require the Master Servicer or the Special Servicer, as applicable, to calculate (or
require the Mortgagor to provide such calculation to the Master Servicer or the Special Servicer, as applicable) the loan-to-value
ratio of the remaining Mortgaged Property or Mortgaged Properties or the fair market value of the real property constituting the
remaining Mortgaged Property or Mortgaged Properties, for purposes of REMIC qualification of the related Serviced Mortgage Loan,
then, unless then permitted by the REMIC Provisions, such calculation shall exclude the value of personal property and going concern
value, if any. In connection with approving any such release or taking, the Master Servicer or Special Servicer, as applicable,
shall calculate the loan-to-value ratio in a manner consistent with the prior sentence, and if such calculation is greater than
125%, the Master Servicer or Special Servicer, as applicable, will require a payment of principal in an amount equal to or greater
than a “qualified amount” as determined under Revenue Procedure 2010-30 or successor provisions unless the related
Mortgagor provides an Opinion of Counsel that if such amount is not paid the related Mortgage Loan will not fail to be a Qualified
Mortgage.

 

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(i)       If
and to the extent that the Trust, as holder of an Outside Serviced Mortgage Loan, is entitled to exercise any consent and/or consultation
rights with respect to modifications, waivers and amendments or certain other major decisions under the applicable Outside Servicing
Agreement, (a) any such consent rights shall be exercised by the Controlling Class Representative (unless a Control Termination
Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan) or by the Special Servicer (if a Control Termination
Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan), in each case in accordance with Section
3.01(j), and (b) any such consultation rights shall be exercised by the Controlling Class Representative (unless a Consultation
Termination Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan) or by the Special Servicer (if a
Consultation Termination Event exists or such Outside Serviced Mortgage Loan is an Excluded Mortgage Loan), in each case in accordance
with Section 3.01(j) [; provided that, after the occurrence and during the continuance of an Operating Advisor Consultation
Trigger Event, any such consultation rights shall be exercised by the Special Servicer or the Controlling Class Representative,
as applicable, jointly with the Operating Advisor (but, in the case of the Operating Advisor, only with respect to matters similar
to Major Decisions)]1.

 

Section
3.25          Additional Obligations With Respect to Certain Mortgage Loans.

 

(a)       With
respect to each Mortgage Loan (other than an Outside Serviced Mortgage Loan) with a Stated Principal Balance in excess of $[35,000,000],
in connection with any replacement of the Manager for the related Mortgaged Property, the Master Servicer or Special Servicer,
as applicable, to the extent permitted by the related Loan Documents, shall require a Rating Agency Confirmation and shall condition
its consent to such replacement on the Mortgagor paying for such Rating Agency Confirmation.

 

(b)       With
respect to any Mortgage Loan (other than an Outside Serviced Mortgage Loan), if any mezzanine loan is directly or indirectly secured
by any equity interest of the related Mortgagor, the Master Servicer (if the related Mortgage Loan is a Performing Serviced Loan)
or the Special Servicer (if the related Mortgage Loan is a Specially Serviced Loan) shall perform the obligations of the Trust,
as holder of the related Mortgage Loan, or its servicer or agent under the related mezzanine loan intercreditor agreement.

 

Section
3.26          Certain Matters Relating to the Outside Serviced Mortgage Loans.

 

With
respect to each Outside Serviced Mortgage Loan, in the event that any of the related Outside Trustee, the related Outside Servicer
or the related Outside Special Servicer shall be replaced in accordance with the terms of the applicable Outside Servicing Agreement,
the Master Servicer and the Special Servicer shall acknowledge its successor as the successor to the related Outside Trustee,
the related Outside Servicer or the related Outside Special Servicer, as the case may be, in each case with reasonable promptness
following request therefor by a party to the applicable Outside Servicing Agreement.

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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Section
3.27          Additional Matters Regarding Advance Reimbursement.

 

(a)       Upon
the determination that a previously made Advance is a Nonrecoverable Advance, to the extent that the reimbursement thereof would
exceed the full amount of the principal portion of general collections on the Mortgage Loans deposited in the Collection Account,
the Master Servicer or the Trustee, at its own option and in its sole discretion, as applicable, instead of obtaining reimbursement
for the remaining amount of such Nonrecoverable Advance pursuant to Section 3.06(a)(ii)(B) of this Agreement immediately,
may elect to refrain from obtaining such reimbursement for some or all such portion of the Nonrecoverable Advance during the one-month
Prepayment Period ending on the then-current Determination Date, for successive one-month periods for a total not to exceed 12
months; provided that any deferral in excess of 6 months shall be subject to the consent of the Controlling Class Representative
(or, in the case of a Property Advance with respect to a Serviced Outside Controlled Loan Combination, the related Outside Controlling
Note Holder) (unless, if the Controlling Class Representative is the consenting party, a Control Termination Event has occurred
and is continuing, in which case the Controlling Class Representative must be consulted with unless a Consultation Termination
Event has occurred and is continuing). If the Master Servicer or the Trustee makes such an election in its sole discretion to
defer reimbursement with respect to all or a portion of a Nonrecoverable Advance (together with interest thereon), then such Nonrecoverable
Advance (together with interest thereon) or portion thereof shall continue to be fully reimbursable in the subsequent Collection
Period (subject, again, to the same sole discretion option to defer; it is acknowledged that, in such a subsequent period, such
Nonrecoverable Advance shall again be reimbursable pursuant to Section 3.06(a)(ii)(B) of this Agreement). In connection
with a potential election by the Master Servicer or the Trustee to refrain from the reimbursement of a particular Nonrecoverable
Advance or portion thereof during the one-month Prepayment Period ending on the related Determination Date for any Distribution
Date, the Master Servicer or the Trustee shall further be authorized to wait for principal collections to be received before making
its determination of whether to refrain from the reimbursement of a particular Nonrecoverable Advance or portion thereof) until
the end of such Prepayment Period; provided, however, if, at any time the Master Servicer or the Trustee, as applicable,
determines that the reimbursement of a Nonrecoverable Advance during a one-month Prepayment Period will exceed the full amount
of the principal portion of general collections deposited in the Collection Account for such Distribution Date, then the Master
Servicer or the Trustee, as applicable, shall, through a posting to the Rule 17g-5 Information Provider’s Website pursuant
to Section 12.13 of this Agreement, give the Rating Agencies at least 15 days’ notice prior to any reimbursement
to it of Nonrecoverable Advances from amounts in the Collection Account allocable to interest on the Mortgage Loans unless (1)
the Master Servicer or the Trustee, as applicable, determines in its sole discretion that waiting 15 days after such a notice
could jeopardize the Master Servicer’s or the Trustee’s, as applicable, ability to recover such Nonrecoverable Advances,
(2) changed circumstances or new or different information becomes known to the Master Servicer or the Trustee, as applicable,
that could affect or cause a determination of whether any Advance is a Nonrecoverable Advance, whether to defer reimbursement
of a Nonrecoverable Advance or the determination in clause (1) above, or (3) the Master Servicer has not timely received from
the Trustee information requested by the Master Servicer to consider in determining whether to defer reimbursement of a Nonrecoverable
Advance; provided that, if clause (1), (2) or (3) apply, the Master Servicer or the Trustee, as applicable, shall, through
a posting to the Rule 17g-5 Information Provider’s Website pursuant to 

 

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Section 12.13 of this Agreement, give Rating
Agencies notice of an anticipated reimbursement to it of Nonrecoverable Advances from amounts in the Collection Account allocable
to interest on the Mortgage Loans as soon as reasonably practicable in such circumstances. Subject to Section 12.13 of
this Agreement, the Master Servicer or the Trustee, as applicable, shall have no liability for any loss, liability or expense
resulting from any notice provided to Rating Agencies contemplated by the immediately preceding sentence. Any election by the
Master Servicer or the Trustee to refrain from reimbursing itself for any Nonrecoverable Advance (together with interest thereon)
or portion thereof with respect to any Collection Period shall not be construed to impose on the Master Servicer or the Trustee
any obligation to make such an election (or any entitlement in favor of any Certificateholder or any other Person to such an election)
with respect to any subsequent Collection Period or to constitute a waiver or limitation on the right of the Master Servicer or
the Trustee to otherwise be reimbursed for such Nonrecoverable Advance immediately (together with interest thereon). Any such
election by the Master Servicer, or the Trustee shall not be construed to impose any duty on the other such party to make such
an election (or any entitlement in favor of any Certificateholder or any other Person to such an election). Any such election
by any such party to refrain from reimbursing itself or obtaining reimbursement for any Nonrecoverable Advance or portion thereof
with respect to any one or more Prepayment Periods shall not limit the accrual of interest on such Nonrecoverable Advance for
the period prior to the actual reimbursement of such Nonrecoverable Advance. None of the Master Servicer, the Trustee or the other
parties to this Agreement will have any liability to one another or to any of the Certificateholders for any such election that
such party makes to refrain or not to refrain from reimbursing itself as contemplated by this paragraph or for any losses, damages
or other adverse economic or other effects that may arise from such an election nor will such election constitute a violation
of the Servicing Standard or any duty under this Agreement. The Master Servicer’s or the Trustee’s, as applicable,
election, if any, to defer reimbursement of such Nonrecoverable Advances as set forth above is an accommodation to the Certificateholders
and shall not be construed as an obligation on the part of the Master Servicer or the Trustee, as applicable, or a right of the
Certificateholders. Nothing herein shall give the Master Servicer or the Trustee the right to defer reimbursement of a Nonrecoverable
Advance if there are principal collections then available in the Collection Account pursuant to Section 3.06 of this Agreement
or to defer reimbursement of a Nonrecoverable Advance for an aggregate period exceeding 12 months.

 

(b)       If
the Master Servicer is required to make a Property Advance, but does not do so within 15 days after the Property Advance is required
to be made, then the Trustee will be required: (i) if a Responsible Officer of the Trustee has actual knowledge of the failure,
to give the Master Servicer notice of its failure; and (ii) if the failure continues for three more Business Days, to make the
Advance unless the Trustee determines such advance to be a Nonrecoverable Advance.

 

Section
3.28          Serviced Companion Loan Intercreditor Matters.

 

(a)       If,
pursuant to Section 2.03, Section 3.17 or Section 9.01 of this Agreement, any Mortgage Loan that relates
to a Serviced Loan Combination or the Trust AB Loan Combination is purchased from, repurchased from or substituted out of, the
Trust Fund, the subsequent holder thereof shall be bound by the terms of the related Co-Lender Agreement and shall assume the
rights and obligations of the holder of the Note that represents the related 

 

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Mortgage Loan under such Co-Lender Agreement. All
portions of the related Mortgage File and (to the extent provided under the related Mortgage Loan Purchase Agreement) other documents
pertaining to such Mortgage Loan shall be endorsed or assigned to the extent necessary or appropriate to the purchaser of such
Mortgage Loan in its capacity as the holder of the Note that represents the related Mortgage Loan (as a result of such purchase,
repurchase or substitution) and (except for the actual Note) on behalf of the holder of the Note that represents the Serviced
Companion Loan. Thereafter, such Mortgage File shall be held by the holder of the Note that represents the related Mortgage Loan
or a custodian appointed thereby for the benefit thereof, on behalf of itself and the holder of the related Serviced Companion
Loan or Trust Subordinate Companion Loan as their interests appear under the related Co-Lender Agreement. If the related Servicing
File is not already in the possession of such party, it shall be delivered to the master servicer or special servicer, as the
case may be, under any separate servicing agreement for the Serviced Loan Combinations.

 

(b)       With
respect to each Serviced Companion Loan and the Trust Subordinate Companion Loan, notwithstanding any rights the Operating Advisor
or the Controlling Class Representative hereunder may have to consult with respect to any action or other matter with respect
to the servicing of such Serviced Companion Loan or the Trust Subordinate Companion Loan, to the extent the related Co-Lender
Agreement provides that such right is exercisable by the related Serviced Companion Loan Holder or its Companion Loan Holder Representative
or the Subordinate Loan-Specific Directing Certificateholder or is exercisable in conjunction with any related Serviced Companion
Loan Holder or the Subordinate Loan-Specific Directing Certificateholder, then (i) neither the Operating Advisor nor the Controlling
Class Representative shall be permitted to exercise such right or (ii) to the extent provided in the related Co-Lender Agreement,
the Operating Advisor or the Controlling Class Representative, as applicable, shall be required to exercise such right in conjunction
with any related Serviced Companion Loan Holder or its Companion Loan Holder Representative or the Subordinate Loan-Specific Directing
Certificateholder, as applicable. Additionally, notwithstanding anything in this Agreement to the contrary, the Master Servicer
or Special Servicer, as applicable, shall consult with, seek the approval of, or obtain the consent of the holder of any Serviced
Companion Loan or its Companion Loan Holder Representative or the Subordinate Loan-Specific Directing Certificateholder with respect
to any matters with respect to the servicing of such Serviced Companion Loan or Trust Subordinate Companion Loan to the extent
required under related Co-Lender Agreement and shall not take such actions requiring consent of or consultation with the Serviced
Companion Loan Holder or its Companion Loan Holder Representative or the Subordinate Loan-Specific Directing Certificateholder
without such consent or consultation. In addition, notwithstanding anything to the contrary, the Master Servicer or Special Servicer,
as applicable, shall deliver reports and notices to the Serviced Companion Loan Holder or its Companion Loan Holder Representative
(or the master servicer or special servicer for the related Other Securitization Trust on behalf of the Serviced Companion Loan
Holder) or the Subordinate Loan-Specific Directing Certificateholder as required under the Co-Lender Agreement.

 

(c)       With
respect to each Serviced Loan Combination and Trust AB Loan Combination, the Master Servicer shall prepare, or cause to be prepared,
on an ongoing basis a statement setting forth, to the extent applicable to such Serviced Loan Combination and Trust AB Loan Combination:

 

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(i)   
    (A) the amount of the distribution from the related Loan Combination Custodial Account allocable to
principal and (B) separately identifying the amount of scheduled principal payments, balloon payments, principal prepayments
made at the option of the Mortgagor or other principal prepayments (specifying the reason therefor), net liquidation proceeds
and foreclosure proceeds included therein and information on distributions made with respect to the related Serviced Loan
Combination;

 

(ii)       the
amount of the distribution from the related Loan Combination Custodial Account allocable to interest and the amount of Default
Interest allocable to the related Serviced Loan Combination;

 

(iii)       the
amount of the distribution to the related Serviced Companion Loan Holder or Subordinate Loan-Specific Directing Certificateholder,
separately identifying the non-default interest, principal and other amounts included therein, and if the distribution to a Serviced
Companion Loan Holder or Subordinate Loan-Specific Directing Certificateholder is less than the full amount that would be distributable
to such Serviced Companion Loan Holder if there were sufficient amounts available therefor, the amount of the shortfall and the
allocation thereof between interest and principal and the amount of the shortfall, if any, under the related Serviced Loan Combination;

 

(iv)       the
principal balance of each of the related Serviced Loan Combination, the related Serviced Companion Loan, the related Trust AB
Loan Combination and the related Trust Subordinate Companion Loan after giving effect to the distribution of principal on the
most recent Distribution Date; and

 

(v)       the
amount of the servicing fees paid to the Master Servicer and the Special Servicer with respect to the most recent Distribution
Date, showing separately the Servicing Fee, the Special Servicing Fee, the Workout Fee and the Liquidation Fee.

 

Not
later than each Distribution Date, the Master Servicer shall make the foregoing statement available to the Serviced Companion
Loan Holder or Subordinate Loan-Specific Directing Certificateholder (or the master servicer or special servicer for the related
Other Securitization Trust on its behalf) by electronic means and by such other means of delivery as required under the related
Co-Lender Agreement.

 

Section
3.29          Appointment and Duties of the Operating Advisor.

 

(a)       [OPERATING
ADVISOR] is hereby appointed to serve as the initial Operating Advisor. The Operating Advisor shall at all times be an Eligible
Operating Advisor.

 

(b)       [After
the occurrence and during the continuance of a Control Termination Event,]1 [The/the] Operating Advisor, as an independent
contractor, shall review the Special Servicer’s actions and decisions in respect of Specially Serviced Loans and, solely
in connection 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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with Major Decisions as to which the Operating Advisor has consultation rights following [a Control Termination
Event, Serviced Loans]1 [the occurrence and during the continuance of an Operating Advisor Consultation Trigger
Event, Performing Serviced Loans]1 (in light of the Servicing Standard and the requirements of this Agreement),
consult with the Special Servicer regarding the Major Decisions and Asset Status Reports as contemplated by Section 3.29(f)
and perform each other obligation of the Operating Advisor as set forth in this Agreement, in each such case solely on behalf
of the Trust Fund and in the best interest of, and for the benefit of, the Certificateholders (as a collective whole), and not
any particular Class of Certificateholders, as determined by the Operating Advisor in the exercise of its good faith and reasonable
judgment, but without regard to any conflict of interest arising from any relationship that the Operating Advisor or any of its
Affiliates may have with any of the Mortgagors, any Sponsor, any Mortgage Loan Seller, the Depositor, the Master Servicer, the
Special Servicer, the Asset Representations Reviewer, the Directing Holder[, any Risk Retention Consultation Party]1
or any of their respective Affiliates (the “Operating Advisor Standard”). The Operating Advisor shall act solely
as a contracting party to the extent set forth in this Agreement and shall not owe any fiduciary duty to any party to this Agreement
or any other Person in connection with this Agreement. The Operating Advisor’s duties shall be limited to its specific obligations
under this Agreement, and the Operating Advisor shall have no duty or liability to any particular Class of Certificates or any
Certificateholder. The Operating Advisor is not a servicer or a sub-servicer and will not be charged with changing the outcome
on any particular Specially Serviced Loan or with respect to any Major Decision on which it consults for a [Performing]2
Serviced Loan. By its acceptance of a Certificate, each Certificateholder acknowledges and agrees that there could be multiple
strategies to resolve any Specially Serviced Loan and a variety of actions or decisions made with respect to any Major Decision
and that the goal of the Operating Advisor’s participation is to provide additional input relating to the Special Servicer’s
compliance with the Servicing Standard in making its determinations as to which strategy to execute. The Operating Advisor shall
not owe any fiduciary duty to the Master Servicer, the Special Servicer or any other Person in connection with this Agreement.

 

(c)       The
Operating Advisor shall promptly review (i) all information available to Privileged Persons on the Certificate Administrator’s
Website with respect to the Special Servicer, assets on the CREFC® Servicer Watch List, Specially Serviced Loans
and, if [a Control Termination Event]1[an Operating Advisor Consultation Trigger Event]2 exists, Major Decisions
on [Performing]2 Serviced Loans, (ii) each Final Asset Status Report delivered by the Special Servicer to the Operating
Advisor, (iii) if [a Control Termination Event]1[an Operating Advisor Consultation Trigger Event]2 exists,
each other Asset Status Report delivered by the Special Servicer to the Operating Advisor, (iv) each Major Decision Reporting
Package delivered by the Special Servicer to the Operating Advisor pursuant to Section 6.09(a) [(A)] in connection with
the Operating Advisor’s consultation rights with respect to the subject Major Decision regarding 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

3
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

    -284- 

     

    

 

each Serviced Loan if [a
Control Termination Event exists]1 [an Operating Advisor Consultation Trigger Event exists, and (B) with respect
to the subject Major Decision regarding each Specially Serviced Loan when an Operating Advisor Consultation Trigger Event does
not exist, after the Special Servicer receives the Directing Holder’s approval or deemed approval of such Major Decision
Reporting Package]1, and (v) if specifically required to be delivered to the Operating Advisor under this Agreement,
such other reports, documents, certificates and other information prepared by the Special Servicer and received by the Operating
Advisor, as relate to the actions and decisions of the Special Servicer in respect of Specially Serviced Loans and, solely in
connection with Major Decisions as to which the Operating Advisor has consultation rights [if a Control Termination Event exists]1,
[Performing]2 Serviced Loans. To the extent not otherwise deliverable by the Special Servicer to the Operating Advisor
hereunder or available to the Operating Advisor on the Certificate Administrator’s Website, the Special Servicer shall[:
(i) concurrently deliver to the Operating Advisor any and all reports provided by the Special Servicer to any of the other parties
to this Agreement or to any Certificateholder or Certificate Owner, in each case, to the extent that such reports relate to any
Specially Serviced Loan or any Major Decision with respect to which the Operating Advisor has consultation rights pursuant to
Section 3.29(f) of this Agreement (provided, that, for so long as an Operating Advisor Consultation Trigger Event
does not exist, such reports shall exclude any Major Decision Reporting Package that does not relate to a Specially Serviced Loan
and any Asset Status Report that is not a Final Asset Status Report); and (ii)]2 grant the Operating Advisor adequate
and timely access to information and reports prepared by or otherwise in the possession of the Special Servicer necessary for
the Operating Advisor to fulfill its duties under this Agreement.

 

(d)       (i)
[After the occurrence and during the continuance of a Control Termination Event, the]1 [The]2 Operating
Advisor shall review the Special Servicer’s actions and decisions in light of the Servicing Standard and the requirements
of this Agreement, with respect to the applicable Specially Serviced Loan(s) and, solely in connection with Major Decisions as
to which the Operating Advisor has consultation rights pursuant to Section 3.29(f) of this Agreement, the applicable [Performing]2
Serviced Loans.

 

(ii)       [Following
the occurrence and during the continuance of a Control Termination Event, based]1 [Based]2 on the Operating
Advisor’s review of the following information (to the extent delivered to the Operating Advisor or made available to the
Operating Advisor on the Certificate Administrator’s Website): any annual compliance statement and any assessment of compliance
delivered to the Operating Advisor pursuant to Section 10.08 and Section 10.09 of this Agreement, as applicable;
any attestation report delivered to the Operating Advisor pursuant to Section 10.10 of this Agreement; any Major Decision
Reporting Package; any Final Asset Status Report and, during the continuance of [a Control Termination Event]1 [an
Operating Advisor Consultation 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

3
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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Trigger Event]1, any other Asset Status Report; any other reports made available
to Privileged Persons on the Certificate Administrator’s Website during the prior calendar year that the Operating Advisor
is required to review pursuant to Section 3.29(c); and any other information (other than any communications between the
related Directing Holder[, any Risk Retention Consultation Party]1 or any Serviced Companion Loan Holder (or its
Companion Loan Holder Representative), as applicable, and the Special Servicer that would be Privileged Information) prepared
by the Special Servicer and delivered to the Operating Advisor under this Agreement, the Operating Advisor shall (if, during the
prior calendar year, (i) any Mortgage Loan was a Specially Serviced Mortgage Loan [and (ii) there existed a Control Termination
Event]1[or (ii) there existed an Operating Advisor Consultation Trigger Event]1), and may (if, with respect
to the prior calendar year, the Operating Advisor deems it appropriate in its sole discretion exercised in good faith), prepare
and deliver to the Depositor, the Rule 17g-5 Information Provider (who shall promptly post such Operating Advisor Annual Report
on the Rule 17g-5 Information Provider’s Website), the Trustee and the Certificate Administrator (who shall promptly post
such Operating Advisor Annual Report on the Certificate Administrator’s Website), within 120 days of the end of the prior
calendar year an annual report (the “Operating Advisor Annual Report”). The Operating Advisor Annual Report
shall be substantially in the form of Exhibit R of this Agreement (which form may be modified or altered as to either its
organization or content by the Operating Advisor, subject to compliance of such form with the terms and provisions of this Agreement;
provided, that in no event shall the information or any other content included in the Operating Advisor Annual Report contravene
any provision of this Agreement). The Operating Advisor Annual Report shall set forth the Operating Advisor’s assessment
of the Special Servicer’s performance of its duties under this Agreement during the prior calendar year. Subject to the
restrictions in this Agreement, including, without limitation, Section 3.29(b) of this Agreement, each such Operating Advisor
Annual Report shall (A) state whether the Operating Advisor believes, in its sole discretion exercised in good faith, that the
Special Servicer is performing its duties in compliance with (1) the Servicing Standard and (2) the Special Servicer’s obligations
under this Agreement, and (B) identify any material deviations with respect to such matters from (i) the Servicing Standard or
(ii) the Special Servicer’s obligations under this Agreement, and (C) comply with all of the confidentiality requirements
applicable to the Operating Advisor with respect to Privileged Information provided for in this Agreement (subject to any permitted
exceptions set forth in this Agreement)[, and (D) comply with the requirements with respect to reports of the operating advisor
set forth under Rule 7(b) of Regulation RR]1. In the event a lack of access to Privileged Information limits the Operating
Advisor from performing its duties under this Agreement, the Operating Advisor shall not be subject to any liability arising from
its lack of access to Privileged Information. Such Operating 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

3
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -286- 

     

    

 

Advisor Annual Report shall be delivered to the Trustee, the Certificate
Administrator, the Rule 17g-5 Information Provider and the Depositor, and the Certificate Administrator and the Rule 17g-5 Information
Provider shall promptly, upon receipt, post such Operating Advisor Annual Report on the Certificate Administrator’s Website
and the Rule 17g-5 Information Provider’s Website, respectively; provided, however, that the Operating Advisor
shall deliver to the Special Servicer, the Controlling Class Representative (if a Serviced Loan other than a Serviced Outside
Controlled Loan Combination is addressed and a Consultation Termination Event does not exist) and the related Outside Controlling
Note Holder (if a Serviced Outside Controlled Loan Combination is addressed), any annual report produced by the Operating Advisor
at least ten (10) calendar days prior to its delivery to the Depositor, the Trustee and the Certificate Administrator. The Operating
Advisor may, but shall not be obligated to, revise the Operating Advisor Annual Report based on any comments received from the
Special Servicer or the Controlling Class Representative. [Notwithstanding the foregoing, no Operating Advisor Annual Report shall
be required from the Operating Advisor with respect to the Special Servicer if during the prior calendar year no Asset Status
Report was prepared by the Special Servicer in connection with a Specially Serviced Loan or REO Property or was otherwise in the
process of being implemented in connection with a Specially Serviced Loan or REO Property.]1 In the event the Special
Servicer is replaced during the prior calendar year, the Operating Advisor shall only be required to prepare an Operating Advisor
Annual Report relating to each entity that was acting as Special Servicer as of December 31 of the prior calendar year and is
continuing in such capacity through the date of such Operating Advisor Annual Report. In preparing an Operating Advisor Annual
Report, the Operating Advisor shall not be required to report on instances of non-compliance with, or deviations from, the Servicing
Standard or the Special Servicer’s obligations under this Agreement that the Operating Advisor determines, in accordance
with the Operating Advisor Standard, to be immaterial. In connection with the Operating Advisor Annual Report and the reviews
provided for in Sections 3.29(b) and 3.29(d)(i), [following the occurrence and continuance of a Control Termination
Event,]1 the Operating Advisor shall perform its review on the basis of the Special Servicer’s performance of
its duties with respect to Specially Serviced Loans [and, after the occurrence and during the continuance of an Operating Advisor
Consultation Trigger Event, with respect to Major Decisions on Performing Serviced Loans]1, as well as the extent
to which those duties were performed in accordance with the Servicing Standard, with reasonable consideration by the Operating
Advisor of any annual compliance statement, any assessment of compliance and any attestation report delivered to the Operating
Advisor pursuant to Section 10.08, Section 10.09 and Section 10.10 of this Agreement, as applicable, or made
available to the Operating Advisor on the Certificate Administrator’s Website, any Asset Status Report, any Major Decision
Reporting Package and other information (other than any communications between the related Directing Holder[, any Risk Retention
Consultation Party] or any Serviced 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -287- 

     

    

 

Companion Loan Holder (or its Companion Loan Holder Representative), as applicable, and the
Special Servicer that would be Privileged Information) that the Operating Advisor is required to review on the Certificate Administrator’s
website or that is prepared by the Special Servicer and delivered or made available to the Operating Advisor pursuant to this
Agreement.

 

(e)       [Prior
to the occurrence and continuance of a Control Termination Event, the Special Servicer shall forward any Appraisal Reduction Amount
with respect to, and net present value calculations used in the Special Servicer’s determination of the course of action
to be taken in connection with the workout or liquidation of, a Specially Serviced Loan, to the Operating Advisor after such calculations
have been finalized. The Operating Advisor shall review such calculations but may not opine on, or otherwise call into question
such Appraisal Reduction Amount and/or net present value calculations; provided, however, if the Operating Advisor
discovers a mathematical error contained in such calculations, then the Operating Advisor shall notify the Special Servicer and
the related Directing Holder (if the related Directing Holder is not a Borrower Party with respect to the related Specially Serviced
Loan) of such error.]1

 

After
[the occurrence and during the continuance of a Control Termination Event, after]1 the calculation but prior to the
utilization by the Special Servicer of any of the calculations with respect to an applicable Specially Serviced Loan related to
(i) Appraisal Reduction Amounts, (ii) Collateral Deficiency Amounts or (iii) net present value used in the Special Servicer’s
determination of the course of action to be taken in connection with the workout or liquidation of such Specially Serviced Loan,
the Special Servicer shall forward such calculations, together with any supporting material or additional information necessary
in support thereof (including such additional information reasonably requested by the Operating Advisor to confirm the mathematical
accuracy of such calculations, but not including any Privileged Information), to the Operating Advisor promptly, but in any event
no later than two (2) Business Days after preparing such calculations, and the Operating Advisor shall promptly, but no later
than three (3) Business Days after receipt of such calculations and any supporting or additional materials, recalculate and verify
the accuracy of the mathematical calculations and the corresponding application of the non-discretionary portion of the applicable
formulas required to be utilized in connection with any such calculation.

 

In
connection with this Section 3.29, in the event the Operating Advisor does not agree with the mathematical calculations
or the application of the non-discretionary portions of the applicable formulas required to be utilized for such calculation,
the Operating Advisor and the Special Servicer shall consult with each other in order to resolve any inaccuracy in the mathematical
calculations or the application of the non-discretionary portions of the applicable formulas in arriving at those mathematical
calculations or any disagreement within five (5) Business Days of delivery of such calculations to the Operating Advisor. In the
event the Operating Advisor and Special Servicer are not able to resolve

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -288- 

     

    

 

such inaccuracies or disagreement prior to the end of
such five (5) Business Day period, the Operating Advisor shall promptly notify the Certificate Administrator of such disagreement
and the Certificate Administrator shall determine which calculation is to apply. In making such determination, the Certificate
Administrator may hire an independent third-party to assist with any such calculation at the expense of the Trust Fund.

 

(f)       After
the occurrence and during the continuance of [a Control Termination Event]1[an Operating Advisor Consultation Trigger
Event]2, the Operating Advisor shall consult (on a non-binding basis) with the Special Servicer in connection with
(i) any Major Decision with respect to a Serviced Loan in accordance with Section 3.24, Section 6.09 and this Section
3.29 and (ii) each Asset Status Report in accordance with Section 3.21, and, in each case, the Special Servicer shall
consider any alternative courses of action and any other feedback provided by the Operating Advisor.

 

(g)       Subject
to the requirements of confidentiality imposed on the Operating Advisor herein (including without limitation in respect of Privileged
Information), the Operating Advisor shall respond to Inquiries relating to the Operating Advisor Annual Reports or actions by
the Master Servicer or the Special Servicer as to which the Operating Advisor has consultation rights, whether or not referenced
in any Operating Advisor Annual Report and made by Privileged Persons from time to time in accordance with the terms of Section
4.02(a) of this Agreement.

 

(h)       Subject
to the Privileged Information Exception, the Operating Advisor will be obligated to keep confidential any Privileged Information
received from the Special Servicer, the related Directing Holder[, any Risk Retention Consultation Party]3 or any
related Serviced Companion Loan Holder (or its Companion Loan Holder Representative) in connection with the exercise of the rights
of the related Directing Holder[, such Risk Retention Consultation Party]3 or such related Serviced Companion Loan
Holder under this Agreement (including, without limitation, in connection with the review and/or approval of any Asset Status
Report), subject to any law, rule, regulation, order, judgment or decree requiring the disclosure of such Privileged Information.

 

(i)       The
Operating Advisor shall keep all Privileged Information confidential and shall not disclose such Privileged Information to any
Person (including Certificateholders other than the Controlling Class Representative), other than (1) to the extent expressly
required by this Agreement, to the other parties to this Agreement with a notice indicating that such information is Privileged
Information, (2) pursuant to a Privileged Information Exception or (3) when necessary to support, and directly related to, specific
findings or conclusions (i) in the Operating Advisor Annual Report or (ii) in connection with a recommendation by the Operating

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

3
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

    -289- 

     

    

 

Advisor for the replacement of the Special Servicer; provided, that, in the case of clause (3) above, (x) the Operating Advisor
may not disclose any Privileged Information that is subject to attorney-client privilege and (y) the Operating Advisor shall have
determined that such disclosure will not adversely affect the Trust or the Certificateholders. Notwithstanding the foregoing,
the Operating Advisor, solely to the extent required in connection with its duties under this Agreement, will be permitted to
share Privileged Information with its Affiliates and any subcontractors of the Operating Advisor provided such Affiliates and
subcontractors of the Operating Advisor agree in writing prior to their receipt of such Privileged Information to be bound by
the same confidentiality provisions applicable to the Operating Advisor described in this Agreement and a copy of such agreement
is provided to the parties hereto. Each party to this Agreement that receives Privileged Information from the Operating Advisor
with a notice stating that such information is Privileged Information shall not disclose such Privileged Information to any Person
without the prior written consent of the Special Servicer and, as applicable, any related Outside Controlling Note Holder (if
a Serviced Outside Controlled Loan Combination is involved)[, the Risk Retention Consultation Party]1 and/or, unless
a Consultation Termination Event has occurred and is continuing, the Controlling Class Representative other than pursuant to a
Privileged Information Exception.

 

(j)       On
each Master Servicer Remittance Date, the Operating Advisor shall be paid the applicable Operating Advisor Fee from amounts on
deposit in the Collection Account, pursuant to Section 3.06 of this Agreement. In addition, the Operating Advisor Consulting
Fee shall be payable to the Operating Advisor (but only to the extent such fee is actually received from the related Mortgagor
as a separately identifiable fee) with respect to each Major Decision for which the Operating Advisor has consultation rights.
Each of the Operating Advisor Fee and the Operating Advisor Consulting Fee shall be payable from funds on deposit in the Collection
Account as provided in Section 3.06 of this Agreement, but with respect to the Operating Advisor Consulting Fee only to
the extent such Operating Advisor Consulting Fee is actually received from the related Mortgagor. If the Operating Advisor has
consultation rights with respect to a Major Decision under this Agreement, the Master Servicer or the Special Servicer, as applicable,
shall use commercially reasonable efforts consistent with the Servicing Standard to collect the applicable Operating Advisor Consulting
Fee from the related Mortgagor in connection with such Major Decision, but only to the extent not prohibited by the related Loan
Documents, and shall deposit any Operating Advisor Consulting Fee so collected from the related Mortgagor into the Collection
Account. The Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting
Fee payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard,
but in no event shall the Master Servicer or the Special Servicer take any enforcement action with respect to the collection of
such Operating Advisor Consulting Fee other than requests for collection; provided that the Master Servicer or the Special
Servicer, as applicable, shall consult (on a non-binding basis) with the Operating Advisor prior to any such waiver or reduction.

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

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(k)       In
no event shall the Operating Advisor have the power to compel any transaction party to take or refrain from taking any action.

 

Section
3.30           Rating Agency Confirmation.

 

(a)       Notwithstanding
the terms of any related Loan Documents or other provisions of this Agreement, if any action under any Loan Documents or this
Agreement requires Rating Agency Confirmation as a condition precedent to such action, if the party (the “Requesting
Party”) required to obtain such Rating Agency Confirmation from each Rating Agency has made a request to any Rating
Agency for such Rating Agency Confirmation and if, within 10 Business Days of the Rating Agency Confirmation request being posted
to the Rule 17g-5 Information Provider’s Website, any Rating Agency has not granted such request, rejected such request
or provided a Rating Agency Declination, then (i) such Requesting Party shall promptly request the related Rating Agency Confirmation
again, and (ii) if there is no response to such second Rating Agency Confirmation request from the applicable Rating Agency within
five (5) Business Days of such second request, whether in the form of granting or rejecting such Rating Agency Confirmation request
or providing a Rating Agency Declination, then: (x) with respect to any condition in any Loan Document or related intercreditor
agreement or Co-Lender Agreement requiring a Rating Agency Confirmation or any other matter under this Agreement relating to the
servicing of the Mortgage Loans (other than as set forth in clause (y) or (z) below), the Requesting Party (or, if the Requesting
Party is the related Mortgagor, then the Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with
respect to Specially Serviced Loans and REO Properties), as applicable) shall determine (with the consent of the related Directing
Holder, unless, in the case of the Controlling Class Representative, a Control Termination Event has occurred and is continuing
(but in each case only in the case of actions that would otherwise be Major Decisions), which consent shall be pursued by the
Special Servicer and deemed given if the related Directing Holder does not respond within seven (7) Business Days of receipt of
a request from the Special Servicer to consent to the Requesting Party’s determination), in accordance with its duties under
this Agreement and in accordance with the Servicing Standard, except as provided in Section 3.30(b), whether or not such action
would be in accordance with the Servicing Standard, and if the Requesting Party (or, if the Requesting Party is the related Mortgagor,
then the Master Servicer or the Special Servicer, as applicable) makes such determination, then the requirement to obtain a Rating
Agency Confirmation shall not apply; (y) with respect to a replacement of the Master Servicer or the Special Servicer, such condition
shall be considered satisfied if: (1) [RA1] has not cited servicing concerns of the applicable replacement master servicer or
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 any other commercial mortgage-backed
securitization transaction serviced by the applicable servicer prior to the time of determination, if [RA1] is the non-responding
Rating Agency; (2) [RA3] has not cited servicing concerns of the applicable replacement master servicer or 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 any other commercial mortgage backed securitization transaction
serviced by the applicable servicer prior to the time of determination, if [RA3] is the non-responding Rating Agency; and (3)
as certified to, in writing, by such replacement master servicer or replacement special servicer, as applicable, the replacement
master servicer or 

 

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replacement special servicer is acting as master servicer or special servicer, as applicable, in a commercial
mortgage loan securitization that was rated by a Rating Agency within the 12-month period prior to the date of determination and
[RA2] has not qualified, downgraded or withdrawn the then-current rating or ratings of one or more classes of CMBS certificates
citing servicing concerns with the replacement master servicer or replacement special servicer, as applicable, as the sole or
material factor in such rating action, if [RA2] is the non-responding Rating Agency; and (z) with respect to a replacement or
successor of the Operating Advisor, such condition shall be deemed to be waived with respect to any non-responding Rating Agency
so long as such Rating Agency has not cited concerns regarding the replacement operating advisor as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of securities in any other commercial mortgage-backed securities transaction with respect to
which the replacement operating advisor acts as trust advisor or operating advisor prior to the time of determination.

 

Any
Rating Agency Confirmation request made by the Master Servicer, Special Servicer, Certificate Administrator, Operating Advisor
or Trustee, as applicable, pursuant to this Agreement, shall be made in writing, which writing shall contain a cover page indicating
the nature of the Rating Agency Confirmation request, and shall contain all back-up material reasonably necessary for the Rating
Agency to process such request, subject to Section 12.13. Such written Rating Agency Confirmation request shall be provided
in electronic format in accordance with Section 12.13(b) and the Master Servicer, Special Servicer, Certificate Administrator,
Operating Advisor or Trustee, as applicable, shall be required to send the Rating Agency Confirmation request to the Rating Agencies
in accordance with Section 12.13(b).

 

Promptly
following the Requesting Party’s (or, if the Requesting Party is the related Mortgagor, then the Master Servicer’s
or the Special Servicer’s, as applicable) determination to take any action discussed in this Section 3.30(a) without
receiving any required Rating Agency Confirmation, such Requesting Party (or the Master Servicer or the Special Servicer, as applicable)
shall provide electronic written notice in accordance with Section 12.13(b) of the action taken for the particular item
at such time and the Master Servicer, Special Servicer, Certificate Administrator or Trustee, as applicable, shall be required
to send the Rating Agency Confirmation request to the Rating Agencies in accordance with Section 12.13(b).

 

(b)       For
the purposes of clause (ii) of Section 3.30(a), and notwithstanding anything to the contrary in Section 3.30(a),
with respect to the provisions of any Loan Document relating to defeasance (including without limitation the type of collateral
acceptable for use as defeasance collateral), release or substitution of any collateral, any applicable Rating Agency Confirmation
requirement in the Loan Documents shall not apply, even without the determination pursuant to Section 3.30(a)(ii)(x) by
the Requesting Party (or, if the Requesting Party is the related Mortgagor, by the Master Servicer (with respect to Performing
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans and REO Properties), as applicable), provided
that the Master Servicer (with respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced
Loans and REO Properties), as applicable, shall in any event review the other conditions required under the related Loan Documents
with respect to such defeasance, release or substitution and confirm to its satisfaction in accordance 

 

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with the Servicing Standard
that such conditions (other than the requirement for a Rating Agency Confirmation) have been satisfied.

 

(c)       For
all other matters or actions (i) not specifically discussed in clause (ii) (x), (ii) (y) or (ii) (z) of Section 3.30(a)
above and (ii) that are not the subject of a Rating Agency Declination, the proposed action shall not be permitted to proceed
unless the applicable Requesting Party shall deliver Rating Agency Confirmation from each Rating Agency.

 

(d)       With
respect to any Serviced Companion Loan as to which there exists Serviced Companion Loan Securities, if any action relating to
the servicing and administration of any or all of the related Serviced Loans or any related REO Property (including, but not limited
to, the replacement of the Master Servicer, the Special Servicer or a sub-servicer) (the “Relevant Action”)
requires delivery of a Rating Agency Confirmation as a condition precedent to such action pursuant to this Agreement, then, except
as set forth below in this paragraph, such action will also require delivery of a Companion Loan Rating Agency Confirmation as
a condition precedent to such action from each Companion Loan Rating Agency. Each Companion Loan Rating Agency Confirmation shall
be sought by the Master Servicer or Special Servicer, as applicable, depending on whichever such party is seeking the corresponding
Rating Agency Confirmation(s) in connection with the Relevant Action. The requirement to obtain a Companion Loan Rating Agency
Confirmation with respect to any Serviced Companion Loan Securities will be subject to, will be permitted to be waived by the
Master Servicer and the Special Servicer on, and will be deemed satisfied or not to apply on, the same terms and conditions applicable
to obtaining Rating Agency Confirmations, as set forth in this Agreement; provided, that the Master Servicer or Special
Servicer, as applicable, depending on which is seeking the subject Companion Loan Rating Agency Confirmation, shall forward to
one or more of its counterparts (i.e., the master servicer or special servicer, as applicable), the Rule 17g-5 Information Provider’s
counterpart for the related Other Securitization Trust, or such other party or parties (as are agreed to by the Master Servicer
or the Special Servicer, as applicable, and the applicable parties for the related Other Securitization Trust), at the expense
of the related Other Securitization Trust to the extent not borne by the related Mortgagor, and in such format as the sender and
recipient may reasonably agree, (i) the request for such Companion Loan Rating Agency Confirmation at least two (2) Business Days
before it is sent to the applicable Companion Loan Rating Agency, (ii) all materials forwarded to the Rule 17g-5 Information Provider
under this Agreement in connection with seeking the Rating Agency Confirmation(s) for the applicable Relevant Action at approximately
the same time that such materials are forwarded to the Rule 17g-5 Information Provider, and (iii) any other materials that the
applicable Companion Loan Rating Agency may reasonably request in connection with such Companion Loan Rating Agency Confirmation
promptly following such request.

 

(e)       Each
of the Master Servicer and the Certificate Administrator shall, promptly following receipt of written request from the Special
Servicer, provide to the Special Servicer the contact information for the master servicer, the special servicer, the trustee,
the certificate administrator and the Rule 17g-5 Information Provider’s counterpart for an Other Securitization Trust, in
each case to the extent known to it.

 

Section
3.31          General Acknowledgement Regarding Companion Loan Holders.
 Each Certificateholder acknowledges and agrees, by its acceptance of its Certificates,

 

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that: (i) each Companion Loan Holder may
have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates; (ii) each
Companion Loan Holder may act solely in its own interests; (iii) no Companion Loan Holder has any duty to the Holders of any Class
of Certificates; and (iv) no Companion Loan Holder shall have any liability whatsoever for having so acted in its own interests,
and no Certificateholder may take any action whatsoever against any Companion Loan Holder or any director, officer, employee,
agent or principal thereof for such Companion Loan Holder’s having so acted in its own interests.

 

Section
3.32          Trust Subordinate Companion Loan. 

 

(a)       With
respect to the Trust Subordinate Companion Loan, references to actions being taken for the benefit of the Trust Subordinate Companion
Loan or in the best interests of the holders of the Class [LOAN-SPECIFIC] Certificates in this Agreement shall be deemed to be
taken (and subject to the same considerations) also for the benefit of, or to be taken in the best interests of, the Holders of
the Class [LOAN-SPECIFIC] Certificates, as beneficial owners of the Trust Subordinate Companion Loan.

 

(b)       Any
notices, reports or other information related to the Trust Subordinate Companion Loan required to be delivered by a party under
this Agreement or the related intercreditor agreement to the holders of the Class [LOAN-SPECIFIC] Certificates or the holders
of the Trust Subordinate Companion Loan shall be delivered (in lieu of delivery to such holders) to the Subordinate Loan-Specific
Directing Certificateholder by such party within the same time periods as such notices, reports or other information are required
to be delivered to the holder of the Trust Subordinate Companion Loan.

 

(c)       Any
consents required to be obtained from the holder of a Trust Subordinate Companion Loan under this Agreement or the related intercreditor
agreement or any obligation under this Agreement or the related intercreditor agreement of the Master Servicer or Special Servicer
or other party to this Agreement to consult with or obtain the consent of or follow the direction of the holder of the Trust Subordinate
Companion Loan shall instead be deemed to require such Person to consult with, obtain the consent of or follow the direction of
the Subordinate Loan-Specific Directing Certificateholder.

 

(d)       Any
rights exercisable by the holder of the Trust Subordinate Companion Loan under this Agreement or the related intercreditor agreement
with respect to the exercise of any right to replace the Special Servicer with respect to the Trust AB Loan Combination, cure
rights, rights to post “threshold collateral” or purchase option rights shall be exercisable by the Subordinate Loan-Specific
Directing Certificateholder and any amounts payable, or actions required to be taken in connection with such exercise, shall be
payable from or taken by such Subordinate Loan-Specific Directing Certificateholder, as applicable. In addition, subject to the
foregoing and applicable REMIC Provisions, the Subordinate Loan-Specific Directing Certificateholder may direct the Master Servicer
or Special Servicer, on behalf of the Trustee (as holder of the Trust Subordinate Companion Loan) and the holders of the Class
[LOAN-SPECIFIC] Certificates to implement the [Junior Noteholder]’s (as defined in the related intercreditor agreement)
exercise of any rights, to the extent that the [Junior Noteholder] is entitled to such rights under the related intercreditor
agreement. For the avoidance of doubt, in

 

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no event shall the Master Servicer or the Special Servicer be required to advance any
cure payment or purchase price due under the related intercreditor agreement.

 

(e)       Prior
to the Special Servicer (i) obtaining the consent of, or consulting with the Subordinate Loan-Specific Directing Certificateholder
to the extent provided for under the related intercreditor agreement, (ii) delivering any Asset Status Report to the Subordinate
Loan-Specific Directing Certificateholder, (iii) permitting the exercise of any cure rights in accordance with the related intercreditor
agreement, or (iv) permitting the Subordinate Loan-Specific Directing Certificateholder to exercise any purchase option under
the related intercreditor agreement, the Subordinate Loan-Specific Directing Certificateholder shall have delivered to the Special
Servicer an officer’s certificate in form and substance acceptable to the Special Servicer (with a copy to the Master Servicer),
as applicable, stating such party is not the related Mortgagor or an affiliate of the related Mortgagor or acting on behalf of
the related Mortgagor or one or more of its Affiliates.

 

(f)       Subject
to Section 3.01(n), at any time the Trust AB Mortgage Loan is not part of the Trust, the Master Servicer or Special Servicer shall
have no obligation to service the related Mortgage Loan and shall solely service the Trust Subordinate Companion Loan until the
Trust Subordinate Companion Loan is removed from the Trust pursuant to Section 3.32(g) and shall have no obligation to make any
Advance with respect to the Trust Subordinate Companion Loan.

 

(g)       Within
two (2) Business Days following the removal of the Trust AB Mortgage Loan from the Trust as a result of the sale of such Trust
AB Mortgage Loan pursuant to Section 3.24, the Special Servicer shall provide written notice (an “Exchange Election Notice”)
to the Certificate Administrator who shall notify the Subordinate Loan-Specific Directing Certificateholder that the Holders of
all of the Class [LOAN-SPECIFIC] Certificates may unanimously elect to exchange their Certificates for the Trust Subordinate Companion
Loan (an “Exchange”) by delivery of written notice (an “Acceptance Notice”) to the Depositor,
Master Servicer, Special Servicer, Certificate Administrator and Trustee within 5 Business Days of receipt of the Exchange Election
Notice. In the event an Acceptance Notice is not delivered within such 5 Business Days, the Special Servicer shall use commercially
reasonable efforts to sell the Trust Subordinate Companion Loan, for the fair value of such asset. The Holders of such class of
Certificates shall pay (from their own funds and not from amounts allocable from any portion of the Trust to such Class of Certificates)
all costs and expenses of the Master Servicer, Special Servicer, the Certificate Administrator and Trustee incurred in connection
with the Exchange. The Exchange shall be subject to the reasonable procedures established by the Trustee and Certificate Registrar
in connection with the Exchange.

 

Section
3.33           Subordinate Loan-Specific Directing Certificateholder.

 

(a)       The
Certificateholder(s) holding more than fifty percent (50%) of the Certificate Balance of the Class [LOAN-SPECIFIC] Certificates
shall have the right to appoint and replace (for any reason) the Subordinate Loan-Specific Directing Certificateholder.

 

(b)       The
Subordinate Loan-Specific Directing Certificateholder shall not have any liability to the Holders of the Class [LOAN-SPECIFIC]
Certificates or any other 

 

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Certificateholders for any action taken, or for refraining from the taking of any action or the giving
of any consent or failure to give any consent in good faith pursuant to this Agreement or errors in judgment. By its acceptance
of a Class [LOAN-SPECIFIC] Certificate or other Certificate, each holder of a Class [LOAN-SPECIFIC] Certificate or other Certificate
will be deemed to have confirmed its agreement that the Subordinate Loan-Specific Directing Certificateholder may take or refrain
from taking actions, or give or refrain from giving any consents, that favor the interests of the appointing Certificateholder(s)
over any other holder of such Class of Certificates or other Certificate, and that the Subordinate Loan-Specific Directing Certificateholder
may have special relationships and interests that conflict with the interests of other Holders of such Class of Certificates or
any other Certificates, will be deemed to have agreed to take no action against any Subordinate Loan-Specific Directing Certificateholder
or any of its officers, directors, employees, principals or agents as a result of such special relationships or interests, and
that any Subordinate Loan-Specific Directing Certificateholder will not be deemed to have been grossly negligent or reckless,
or to have acted in bad faith or engaged in willful misconduct or to have recklessly disregarded any exercise of its rights by
reason of its having acted or refrained from acting, or having given any consent or having failed to give any consent, solely
in the interests of the Holders of the Class [LOAN-SPECIFIC] Certificates.

 

(c)       Each
Holder of a Class [LOAN-SPECIFIC] Certificate is hereby deemed to have agreed by virtue of its purchase of such a Certificate
to provide its name and address to the Certificate Administrator and to notify the Master Servicer, the Certificate Administrator,
the Special Servicer and the Operating Advisor of the transfer of any such Certificate by delivering a notice to each such Person
substantially in the form of Exhibit [HH] attached hereto, the selection of a Subordinate Loan-Specific Directing Certificateholder
or the resignation or removal thereof.

 

(d)       With
respect to the Trust AB Loan Combination, the Subordinate Loan-Specific Directing Certificateholder shall be entitled, prior to
the occurrence and continuance of a related AB Control Appraisal Period, to exercise the rights of the “Controlling Noteholder”,
as defined in and under the terms of, the related intercreditor agreement.

 

(e)       The
Special Servicer shall be responsible for obtaining any consent of the Subordinate Loan-Specific Directing Certificateholder for
“Major Decisions” (as defined in the related intercreditor agreement) or as otherwise required hereunder or under
the terms of any related intercreditor agreement.

 

Section
3.34          Litigation Control.

 

(a)       The
Special Servicer shall, in accordance with the Servicing Standard, direct, manage, prosecute and/or defend any action brought
by a Mortgagor against the Trust (including, without limitation, any action in which both the Trust and the Master Servicer are
named) and/or the Special Servicer and represent the interests of the Trust in any litigation relating to the rights and obligations
of the Trust, or of the Mortgagor, guarantor or other obligor, in each case under the related Mortgage Loan documents or Trust
Subordinate Companion Loan documents, as applicable, or otherwise with respect to the enforcement of the obligations of a Mortgagor,
guarantor or other obligor under the related Mortgage Loan documents or Trust 

 

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Subordinate Companion Loan documents (“Trust-Related
Litigation”). In the event that the Master Servicer is named in any Trust-Related Litigation but the Special Servicer
is not named in such Trust-Related Litigation (regardless of whether the Trust is named in such Trust-Related Litigation), the
Master Servicer shall notify the Special Servicer of such litigation as soon as practicable but in any event no later than within
ten (10) Business Days of the Master Servicer receiving service of such Trust-Related Litigation.

 

(b)       To
the extent the Master Servicer is named in Trust-Related Litigation, and neither the Trust nor the Special Servicer is named,
in order to effectuate the role of the Special Servicer as contemplated by the immediately preceding subsection, the Master Servicer
shall (i) provide monthly status reports to the Special Servicer, regarding such Trust-Related Litigation; (ii) seek to have the
Trust replace the Master Servicer as the appropriate party to the lawsuit; and (iii) so long as the Master Servicer remains a
party to the lawsuit, consult with and act at the direction of the Special Servicer with respect to decisions and resolutions
related to the interests of the Trust in such Trust-Related Litigation, including but not limited to the selection of counsel;
provided that the Master Servicer shall have the right to engage separate counsel relating to claims against the Master Servicer
to the extent set forth in Section 3.32(e); and provided, however, if there are claims against the Master Servicer and the Master
Servicer has not determined that separate counsel is required for such claims, such counsel shall be reasonably acceptable to
the Master Servicer.

 

(c)       The
Special Servicer shall not (i) undertake any material settlement of any Trust-Related Litigation or (ii) initiate any material
Trust-Related Litigation unless and until it has notified in writing the Directing Holder (prior to the occurrence and continuance
of a Consultation Termination Event) (to the extent the identity of the Directing Holder is actually known to the Special Servicer;
provided that the Special Servicer shall make due inquiry of the Certificate Administrator as to the identity of the Directing
Holder) and the related holder of any Serviced Companion Loan (if such matter affects such related Serviced Companion Loan) (to
the extent the identity of the holder of such Serviced Companion Loan is actually known to the Special Servicer) and the Directing
Holder (prior to the occurrence and continuation of a Control Termination Event) has not objected in writing within five (5) Business
Days of having been notified thereof and having been provided with all information that the Directing Holder has reasonably requested
with respect thereto promptly following its receipt of the subject notice (it being understood and agreed that if such written
objection has not been received by the Special Servicer within such 5-Business Day period, then the Directing Holder shall be
deemed to have approved the taking of such action); provided that, if the Special Servicer determines (consistent with the Servicing
Standard) that immediate action is necessary to protect the interests of the Certificateholders and, with respect to a Serviced
Loan Combination, the related Companion Loan Holders, the Special Servicer may take such action without waiting for the Directing
Holder’s response.

 

(d)       Notwithstanding
the foregoing, neither the Special Servicer nor the Master Servicer shall follow any advice, direction or consultation provided
by the Directing Holder that would require or cause the Special Servicer or the Master Servicer, as applicable, to violate any
applicable law, be inconsistent with the Servicing Standard, require or cause the Special Servicer or the Master Servicer, as
applicable, to violate provisions of this Agreement, require or cause the Special Servicer or the Master Servicer, as applicable,
to violate the terms of any Mortgage

 

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Loan, Serviced Loan Combination or Trust AB Loan Combination, expose any Certificateholder
or any party to this Agreement or their Affiliates, officers, directors or agents to any claim, suit or liability, cause any REMIC
created hereunder to fail to qualify as a REMIC, result in the imposition of a “prohibited transaction” or “prohibited
contribution” tax under the REMIC Provisions or materially expand the scope of the Special Servicer’s or the Master
Servicer’s, as applicable, responsibilities under this Agreement.

 

(e)       Notwithstanding
the right of the Special Servicer to represent the interests of the Trust in Trust-Related Litigation, and subject to the rights
of the Special Servicer to direct the Master Servicer’s actions in this Section 3.34 below, the Master Servicer shall retain
the right to make determinations relating to claims against the Master Servicer, including but not limited to the right to engage
separate counsel and to appear in any proceeding on its own behalf in the Master Servicer’s reasonable discretion, the cost
of which shall be subject to indemnification as and to the extent provided in this Agreement.

 

(f)       Further,
nothing in this section shall require the Master Servicer to take or fail to take any action which, in the Master Servicer’s
good faith and reasonable judgment, may (i) result in a violation of the REMIC Provisions or (ii) subject the Master Servicer
to liability or materially expand the scope of the Master Servicer’s obligations under this Agreement.

 

(g)       Notwithstanding
the Master Servicer’s right to make determinations relating to claims against the Master Servicer, the Special Servicer
shall have the right at any time in accordance with the Servicing Standard to (i) direct the Master Servicer to settle any claims
asserted against the Master Servicer (whether or not the Trust or the Special Servicer is named in any such claims or Trust-Related
Litigation) (and with respect to any material settlements, with the consent or consultation of the Directing Holder prior to a
Control Termination Event or Consultation Termination Event, respectively) and (ii) otherwise reasonably direct the actions of
the Master Servicer relating to claims against the Master Servicer (whether or not the Trust or the Special Servicer is named
in any such claims or Trust-Related Litigation), provided in either case that (A) such settlement or other direction does not
require any admission of liability or wrongdoing on the part of the Master Servicer, (B) the cost of such settlement or any resulting
judgment is and shall be paid by the Trust and payment of such cost or judgment is provided for in this Agreement, (C) the Master
Servicer is and shall be indemnified as and to the extent provided in this Agreement for all costs and expenses of the Master
Servicer incurred in defending and settling the Trust-Related Litigation and for any judgment, (D) any such action taken by the
Master Servicer at the direction of the Special Servicer shall be deemed (as to the Master Servicer) to be in compliance with
the Servicing Standard and (E) the Special Servicer provides the Master Servicer with assurance reasonably satisfactory to the
Master Servicer as to the items in clauses (A), (B) and (C).

 

(h)       In
the event both the Master Servicer and the Special Servicer or Trust are named in Trust-Related Litigation, the Master Servicer
and the Special Servicer shall cooperate with each other to afford the Master Servicer and the Special Servicer the rights afforded
to such party in this Section 3.34.

 

This
Section 3.34 shall not apply in the event the Special Servicer authorizes the Master Servicer, and the Master Servicer agrees
(both authority and agreement to be in writing), 

 

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to make certain decisions or control certain Trust-Related Litigation on behalf
of the Trust in accordance with the Servicing Standard.

 

Notwithstanding
the foregoing, (i) in the event that any action, suit, litigation or proceeding names the Trustee in its individual capacity,
or in the event that any judgment is rendered against the Trustee in its individual capacity, the Trustee, upon prior written
notice to the Master Servicer or the Special Servicer, as applicable, may retain counsel and appear in any such proceeding on
its own behalf in order to protect and represent its interests (but not to otherwise direct, manage or prosecute such litigation
or claim); (ii) in the event of any action, suit, litigation or proceeding, other than an action, suit, litigation or proceeding
relating to the enforcement of the obligations of a Mortgagor, guarantor or other obligor under the related Mortgage Loan documents
or Trust Subordinate Companion Loan documents, or otherwise relating to one or more Mortgage Loans or the Trust Subordinate Companion
Loan or Mortgaged Properties, neither the Master Servicer nor the Special Servicer shall, without the prior written consent of
the Trustee, (A) initiate an action, suit, litigation or proceeding in the name of the Trustee, whether in such capacity or individually,
(B) engage counsel to represent the Trustee, or (C) prepare, execute or deliver any government filings, forms, permits, registrations
or other documents or take any other similar actions with the intent to cause, and that actually causes, the Trustee to be registered
to do business in any state (provided that neither the Master Servicer nor the Special Servicer shall be responsible for any delay
due to the unwillingness of the Trustee to grant such consent); and (iii) in the event that any court finds that the Trustee is
a necessary party in respect of any action, suit, litigation or proceeding relating to or arising from this Agreement or any Mortgage
Loan or the Trust Subordinate Companion Loan, the Trustee shall have the right to retain counsel and appear in any such proceeding
on its own behalf in order to protect and represent its interests, whether as Trustee or individually (but not to otherwise direct,
manage or prosecute such litigation or claim); provided, however, nothing in this subsection shall be interpreted to preclude
the Special Servicer (with respect to any material Trust-Related Litigation, with the consent or consultation of the Directing
Holder prior to the occurrence and continuance of a Control Termination Event or Consultation Termination Event, respectively,
to the extent required in Section 3.34(c), respectively) from initiating any action, suit, litigation or proceeding in its name
as representative of the Trustee of the Trust.

 

Section
3.35            Delivery of Excluded Information to the Certificate Administrator

 

Any
Excluded Information that the Master Servicer, the Special Servicer or the Operating Advisor identifies and delivers to the Certificate
Administrator for posting to the Certificate Administrator’s Website shall be delivered to the Certificate Administrator
via e-mail (or such other electronic means as is mutually acceptable to the parties) in one or more separate files labeled “Excluded
Information” followed by the applicable loan name and loan file to [_____________]. For the avoidance of doubt, any information
that is not appropriately labeled and delivered in accordance with this Section 3.35 shall not be separately posted as
Excluded Information on the Certificate Administrator’s Website, and any information appropriately labeled and delivered
to the Certificate Administrator pursuant to this Section 3.35 shall be posted on the Certificate Administrator’s
Website under the “Excluded Information” section, as provided under Section 4.02 (unless a loan-by-loan segregation
is later performed by the Certificate Administrator in which case any information appropriately labeled and delivered to 

 

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the Certificate
Administrator pursuant to this Section 3.35 shall be posted on the Certificate Administrator’s Website in such a
manner that an Excluded Controlling Class Holder will only be prohibited from accessing Excluded Information with respect to those
Excluded Controlling Class Mortgage Loan(s) for which such Excluded Controlling Class Holder is a Borrower Party; provided
that the foregoing shall not be construed as an affirmative obligation for the Certificate Administrator to perform such segregation).
When so posted, the Excluded Controlling Class Holders shall be prohibited from accessing Excluded Information with respect to
any Excluded Controlling Class Mortgage Loans on the Certificate Administrator’s Website. None of the Master Servicer, the
Special Servicer or the Operating Advisor shall have any obligations to separately label and deliver any Excluded Information
in accordance with this Section 3.32 until such party has received written notice with respect to the related Excluded
Controlling Class Mortgage Loan in the form of Exhibit M-1C to this Agreement. Nothing set forth in this Agreement shall
prohibit the Controlling Class Representative or any Controlling Class Certificateholder from receiving, requesting or reviewing
any Excluded Information relating to any Excluded Controlling Class Mortgage Loan with respect to which the Controlling Class
Representative or such Controlling Class Certificateholder is not a Borrower Party and, if such Excluded Information is not available
on the Certificate Administrator’s Website, such Controlling Class Representative or Controlling Class Certificateholder
that is not a Borrower Party with respect to the related Excluded Controlling Class Mortgage Loan shall be entitled to obtain
(upon reasonable request) such information in accordance with Section 4.02(e) of this Agreement.

 

Section
3.36           Credit Risk Retention. 

 

(a)       [Each
Third Party Purchaser, prior to its acquisition of Certificates that constitute the Required Third Party Purchaser Retention Amount,
will be required to enter into an agreement with the Sponsor (the “Credit Risk Retention Compliance Agreement”)
pursuant to which, among other things, the Third Party Purchaser shall agree (i) to comply with the requirements applicable to
it set forth in the 17 C.F.R. § 246.2., .3, .4, .7 and .12, and (ii) not to transfer, directly or indirectly, its Required
Third Party Purchaser Retention Amount during any period in which credit risk retention is required under 17 C.F.R. § 246.12(f)
unless it is permitted to do so under 17 C.F.R. § 246.7(b)(8)(ii) and unless and until it causes the transferee to enter
into a Credit Risk Retention Compliance Agreement with the Sponsor, and it notifies the other parties to this Agreement of such
transfer promptly after such transfer.]

 

(b)       [Pursuant
to the applicable Mortgage Loan Purchase Agreement, the Sponsor will be required to deliver to the Certificate Administrator no
later than [2] Business Days after each Distribution Date, a certification substantially in the form attached hereto as Exhibit
RR (the “Sponsor Credit Risk Retention Certification”) signed by an authorized representative of the Sponsor
and certifying that, (i) if it is satisfying its credit risk retention obligations under 17 C.F.R. § 246.3 and .4 by holding
the Required Sponsor Retention Amount, (A) it has held the Required Sponsor Retention Amount during the related Collection Period
and, as of the date of certification, continues to hold the Required Sponsor Retention Amount, and (B) it will not transfer its
Required Sponsor Retention Amount during which credit risk retention is required under 17 C.F.R. § 246.12(f) unless it is
permitted to do so under 17 C.F.R. § 246.7(b)(8)(ii) and unless and until it enters into a Credit Risk Retention Compliance
Agreement with a Third Party Purchaser and it notifies the other parties to this Agreement of such transfer

 

    -300- 

     

    

 

promptly after such
transfer, and (ii) (i) if it is satisfying its credit risk retention obligations under 17 C.F.R. § 246.7 or .11, it will
comply with notification obligations under 17 C.F.R. § 246.7(c)(2)(ii) or .11(b)(2)(ii), as applicable.]

 

(c)       [Pursuant
to the applicable Mortgage Loan Purchase Agreement, the Mortgage Loan Seller shall cause the [ORIGINATOR], prior to [ORIGINATOR’S]
acquisition of Certificates that constitute the Required [ORIGINATOR] Retention Amount, to enter into a Credit Risk Retention
Compliance Agreement with the Sponsor pursuant to which, among other things, [ORIGINATOR] shall agree (i) to comply with the requirements
applicable to it set forth in the 17 C.F.R. § 246.2., .3, .4, .11 and .12, and (ii) not to transfer, directly or indirectly,
its Required [ORIGINATOR] Retention Amount during any period in which credit risk retention is required under 17 C.F.R. §
246.12(f) unless it is permitted to do so under 17 C.F.R. § 246.7(b)(8)(ii) and unless and until it causes the transferee
to enter into a Credit Risk Retention Compliance Agreement with the Sponsor, and it notifies the other parties to this Agreement
of such transfer promptly after such transfer.]

 

Section
3.37          [Resignation Upon Prohibited Risk Retention Affiliation.]

 

[Under
Regulation RR, any Third Party Purchaser is prohibited from being Risk Retention Affiliated with, among other persons, the Master
Servicer, the Trustee, the Certificate Administrator, the Operating Advisor or the Asset Representations Reviewer. As long as
the prohibition referred to in the preceding sentence exists, upon the occurrence of (i) a Servicing Officer of the Master Servicer
or a Responsible Officer of the Certificate Administrator or the Trustee, as Under Regulation RR, any Third Party Purchaser is
prohibited from being Risk Retention Affiliated with, among other persons, the Master Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor or the Asset Representations Reviewer and the Operating Advisor is prohibited from being Risk Retention
Affiliated with, among other persons, the Third Party Purchaser, any Sponsor or any other party to the Pooling and Servicing Agreement
(other than the Asset Representations Reviewer). As long as the prohibition referred to in the preceding sentence exists, upon
the occurrence of (i) the Asset Representations Reviewer, or a Servicing Officer of the Master Servicer, or a Responsible Officer
of the Certificate Administrator or the Trustee, as applicable, obtaining actual knowledge that the Asset Representations Reviewer,
the Master Servicer, the Certificate Administrator or the Trustee, as applicable, is or has become Risk Retention Affiliated with
or a Risk Retention Affiliate of the Third Party Purchaser (in such case, an “Impermissible TPP Affiliate”),
(ii) the Master Servicer, Certificate Administrator, the Trustee or the Asset Representations Reviewer receiving written notice
from any other party to this Agreement, the Third Party Purchaser, any Sponsor or any Underwriter or Initial Purchaser that the
Master Servicer, the Certificate Administrator, the Trustee or the Asset Representations Reviewer, as applicable, is or has become
an Impermissible TPP Affiliate, or (iii) the Operating Advisor obtaining actual knowledge or receiving written notice that it
is or has become a Risk Retention Affiliate of the Third Party Purchaser, any Sponsor or any other party to the Pooling and Servicing
Agreement (other than the Asset Representations Reviewer) (together with an Impermissible TPP Affiliate, an “Impermissible
Risk Retention Affiliate”), then, in each case, such Impermissible Risk Retention Affiliate shall promptly notify the
Sponsors and the other parties to this Agreement and resign in accordance with Section 6.04, Section 8.07 or Section
11.03, as applicable. The resigning Impermissible Risk Retention Affiliate shall bear all reasonable out-of-pocket costs and
expenses of each other party to this Agreement, the Trust and 

 

    -301- 

     

    

 

each Rating Agency in connection with such resignation as and to
the extent required under this Agreement, provided however, if the affiliation causing an Impermissible Risk Retention
Affiliate is the result of the Third Party Purchaser acquiring an interest in such Impermissible Risk Retention Affiliate or an
affiliate of such Impermissible Risk Retention Affiliate, then such costs and expenses shall be an expense of the Trust.]1

 

Article
IV

DISTRIBUTIONS TO CERTIFICATEHOLDERS

 

Section
4.01          Distributions.

 

(a)       (i)
On each Master Servicer Remittance Date, the Master Servicer shall make the remittances and deposits specified in the first paragraph
of Section 4.06(a) of this Agreement. On each Master Servicer Remittance Date in March of any calendar year, the Certificate
Administrator shall withdraw from the Interest Reserve Account the related Withheld Amounts pursuant to Section 3.23 of
this Agreement, and shall deposit any such amounts in the Lower-Tier Distribution Account. On each Distribution Date, the amounts
that have been transferred to the Lower-Tier Distribution Account from the Collection Account or as P&I Advances or Compensating
Interest Payments or pursuant to the preceding two sentences shall be deemed distributed on the Lower-Tier Regular Interests to
the Upper-Tier REMIC, in accordance with Section 4.01(a)(ii) and Section 4.01(d)(ii) of this Agreement. Thereafter,
such amounts shall be considered to be held in the Upper-Tier Distribution Account until distributed to the Certificateholders.

 

(ii)       All
distributions made in respect of interest on any Class of Regular Certificates (other than the Class [X] Certificates) and any
Class [EC] Regular Interest on each Distribution Date pursuant to Section 4.01(b), Section 4.01(e) or Section 9.01
shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of its Corresponding
Lower-Tier Regular Interest set forth in the Preliminary Statement hereto. All distributions made in respect of interest on any
Class of the Class [IO] Certificates on each Distribution Date pursuant to Section 4.01(b), Section 4.01(e) or Section
9.01, and allocable to any particular Component of such Class of Certificates in accordance with the last paragraph of Section
4.01(b), shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of such
Component’s Corresponding Lower-Tier Regular Interest. All distributions made in respect of principal of any Class of Regular
Certificates (other than the Class [X] Certificates) and any Class [EC] Regular Interest on each Distribution Date pursuant to
Section 4.01(b), Section 4.01(e) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier
REMIC to the Upper-Tier REMIC in respect of its Corresponding Lower-Tier Regular Interest set forth in the Preliminary Statement
hereto. All distributions of reimbursements of Realized Losses made in respect of any Class of Regular Certificates (other than
the Class [IO] Certificates) and any Class [EC] Regular 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -302- 

     

    

 

Interest on each Distribution Date pursuant to Section 4.01(b), Section
4.01(e) or Section 9.01 shall be deemed to have first been distributed from the Lower-Tier REMIC to the Upper-Tier
REMIC in respect of its Corresponding Lower-Tier Regular Interest. For the avoidance of doubt, (i) payments of interest and principal,
and reimbursements of Realized Losses, on the Class [A-S] Certificates and the Class [EC] Component [A-S] of the Class [EC] Certificates
under this Section 4.01 shall be deemed to have been first distributed in respect of the Class [LA-S] Interest to the Upper-Tier
REMIC in respect of the Class [A-S] Regular Interest, (ii) payments of interest and principal, and reimbursements of Realized
Losses, on the Class [B] Certificates and the Class [EC] Component [B] of the Class [EC] Certificates under this Section 4.01
shall be deemed to have been first distributed in respect of the Class [LB] Interest to the Upper-Tier REMIC in respect of
the Class [B] Regular Interest and (iii) payments of interest and principal, and reimbursements of Realized Losses, on the Class
[C] Certificates and the Class [EC] Component [C] of the Class [EC] Certificates under this Section 4.01 shall be deemed
to have been first distributed in respect of the Class [LC] Interest to the Upper-Tier REMIC in respect of the Class [C] Regular
Interest.

 

On
each Distribution Date, the Class [R] Certificates shall receive distributions of any amounts remaining in the Lower-Tier Distribution
Account in respect of the Lower-Tier Residual Interest after all payments have been made to the Certificate Administrator as the
holder of the Lower-Tier Regular Interests in accordance with this Section 4.01(a)(ii) and Section 4.01(d)(ii).

 

(b)       On
each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts on deposit
in the Upper-Tier Distribution Account in respect of interest, principal and reimbursement of Realized Losses, to the extent of
Available Funds, and distribute such amounts to the Holders of each Class of Regular Certificates, to the Holders of the Class
[ARD] Certificates and Class [R] Certificates and to the Exchangeable Distribution Account in respect of the Class [EC] Regular
Interests in the amounts and in the order of priority set forth below:

 

(i)     
  to the respective Holders of the [applicable senior classes]
Certificates, in respect of interest, up to an amount equal to, and pro rata in accordance with, the respective
Interest Distribution Amounts for those Classes;

 

(ii)       to
the respective Holders of the [applicable senior classes] Certificates in reduction
of the Certificate Balances thereof in the following priority:

 

(A)       [insert
principal payment priorities for the senior classes]

 

(iii)       to
the respective Holders of the [applicable senior classes] Certificates, up to an
amount equal to, and pro rata based upon, the aggregate unreimbursed Realized Losses previously allocated to reduce the
Certificate Balance of each such Class[, plus interest thereon at the Pass-Through Rate for such Class compounded monthly from
the date the related Realized Loss was allocated to such Class];

 

    -303- 

     

    

 

(iv)       to
the Class [A] Trust Component and, thus, concurrently, to the Holders of Class [A] Certificates, in respect of interest, up to
an amount equal to the Class [A] Percentage Interest multiplied by the aggregate Interest Distribution Amount with respect to
the Class [A] Trust Component, and to the Holders of the Class [EC] Certificates, in respect of interest, up to an amount equal
to the Class [A]-EC Percentage Interest multiplied by the aggregate Interest Distribution Amount with respect to the Class [A]
Trust Component, pro rata in proportion to their respective percentage interests in the Class [A] Trust Component;

 

(v)       after
the Certificate Balances of the [APPLICABLE SENIOR CLASSES] Certificates have been reduced to zero, to the Class [A] Trust Component
and, thus, concurrently, to the Holders of the Class [A] Certificates, in reduction of their Certificate Balance, up to an amount
equal to the Class [A-S] Percentage Interest multiplied by the Principal Distribution Amount for such Distribution Date, less
the portion of such Principal Distribution Amount distributed pursuant to all prior clauses, and to the Holders of the Class [EC]
Certificates, in reduction of their Certificate Balance, up to an amount equal to the Class [A-S]-EC Percentage Interest multiplied
by the Principal Distribution Amount for such Distribution Date, less the portion of such Principal Distribution Amount distributed
pursuant to all prior clauses, pro rata in proportion to their respective percentage interests in the Class [A] Trust Component,
until the Certificate Balance of the Class [A] Trust Component is reduced to zero;

 

(vi)       to
the Class [A] Trust Component and, thus, concurrently, to the Holders of the Class [A] Certificates, up to an amount equal to
the Class [A-S] Percentage Interest multiplied by the aggregate of unreimbursed Realized Losses previously allocated to the Class
[A] Trust Component, [plus interest on that amount at the Pass-Through Rate for such Trust Component compounded monthly from the
date the related Realized Loss was allocated to such Trust Component, ]and to the Holders of the Class [EC] Certificates, up to
an amount equal to the Class [A-S]-EC Percentage Interest multiplied by the aggregate of unreimbursed Realized Losses previously
allocated to the Class [A] Trust Component, [plus interest on that amount at the Pass-Through Rate for such Trust Component compounded
monthly from the date the related Realized Loss was allocated to such Trust Component,] pro rata in proportion to their
respective percentage interests in the Class [A] Trust Component;

 

(vii)       [ADD
SIMILAR CLAUSES TO CLAUSES FOURTH, FIFTH AND SIXTH FOR CLASSES OF CERTIFICATES EVIDENCING INTERESTS IN OTHER TRUST COMPONENTS];

 

(viii)       to
the Class [__] Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount of such Class;

 

(ix)       to
the Class [__] Certificates, in reduction of their Certificate Balance, up to an amount equal to the Principal Distribution Amount
for such Distribution Date, less the portion of such Principal Distribution Amount distributed pursuant to all prior clauses,
until their Certificate Balance is reduced to zero;

 

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(x)   
    to the Class [__] certificates, up to an amount equal to the aggregate of unreimbursed Realized
Losses previously allocated to such class[, plus interest on that amount at the Pass-Through Rate for such class compounded
monthly from the date the related Realized Loss was allocated to such class];

 

(xi)       [ADD
SIMILAR CLAUSES TO CLAUSES EIGHTH, NINTH AND TENTH FOR OTHER SUBORDINATE CLASSES THAT ARE NOT EXCHANGEABLE CLASSES]; and

 

(xii)      to
the Class [R] Certificates, any remaining amounts.

 

Notwithstanding
the foregoing, on each Distribution Date occurring on and after Cross Over Date, regardless of the allocation of principal payments
described in priority (ii) above, the Principal Distribution Amount for such Distribution Date is required to be distributed pro
rata (based on their respective outstanding Certificate Balances), among the [APPLICABLE SENIOR CLASSES] certificates, in
reduction of their respective Certificate Balances. The “Cross-Over Date” means the Distribution Date on which
the Certificate Balances of the [Subordinate Certificates (calculated without giving effect to any exchange of the Exchangeable
Certificates for Class [EC] Certificates) have all been reduced to zero as a result of the allocation of Realized Losses to those
certificates].

 

[IF
CREDIT RISK RETENTION IS TO BE HELD IN WHOLE OR IN PART IN THE FORM OF A SINGLE VERTICAL SECURITY FOR PURPOSES OF REGULATION RR,
THE FOREGOING DISTRIBUTIONS WILL BE ADJUSTED TO EXCLUDE AMOUNTS ALLOCABLE TO THE VERTICAL INTEREST.]

 

All
distributions of interest made in respect of a Class of the Class [IO] Certificates on any Distribution Date pursuant to clause
(b)(i) above or Section 4.01(e), shall be deemed to have been made in respect of all the Components of such Class, pro
rata in accordance with the respective amounts of interest that would be payable on such Components on such Distribution Date
based on one-twelfth of the Class [X] Strip Rate of such Component multiplied by its respective Component Notional Amount, reduced
by its share of any Excess Prepayment Interest Shortfall for such Distribution Date, together with any amounts thereof remaining
unpaid from previous Distribution Dates.

 

(c)       On
each Distribution Date, for so long as the Certificate Balance of the Class [LOAN-SPECIFIC] Certificates has not been reduced
to zero, the Certificate Administrator shall apply amounts on deposit in the [LOAN-SPECIFIC] REMIC Distribution Account (which
amounts shall be limited to amounts collected on the Trust AB Loan Combination and allocated pursuant to the related Intercreditor
Agreement to the Trust Subordinate Companion Loan), related to the Class [LOAN-SPECIFIC] Certificates, to the extent of the [LOAN-SPECIFIC]
Available Funds related to the Class [LOAN-SPECIFIC] Certificates, in the following order of priority:

 

(i)      
 to the Class [LOAN-SPECIFIC] Certificates, in respect of interest, up to an amount equal to the [LOAN-SPECIFIC]
Interest Distribution Amount for that Class;

 

    -305- 

     

    

 

(ii)       to
the Class [LOAN-SPECIFIC] Certificates, in reduction of their Certificate Balance, an amount equal to the [LOAN-SPECIFIC] Principal
Distribution Amount, until the Certificate Balance of the Class [LOAN-SPECIFIC] Certificates is reduced to zero;

 

(iii)      to
the Class [LOAN-SPECIFIC] Certificates, until all amounts of [LOAN-SPECIFIC] Realized Loss previously allocated to the Class [LOAN-SPECIFIC]
Certificates, but not previously reimbursed, have been reimbursed in full; and

 

(iv)      to
the Class [R] Certificates, the amount, if any, of the [LOAN-SPECIFIC] Available Funds remaining in the [LOAN-SPECIFIC] REMIC
Distribution Account with respect to that Distribution Date

 

[IF
CREDIT RISK RETENTION IS TO BE HELD IN WHOLE OR IN PART IN THE FORM OF A SINGLE VERTICAL SECURITY FOR PURPOSES OF REGULATION RR,
THE FOREGOING DISTRIBUTIONS WILL BE ADJUSTED TO EXCLUDE AMOUNTS ALLOCABLE TO THE VERTICAL INTEREST.]

 

(d)       (i)
On any Distribution Date, any Yield Maintenance Charge collected on the Mortgage Loans as of the related Determination Date (or,
in the case of any Outside Serviced Mortgage Loan(s), received hereunder as of the Business Day immediately preceding the related
Master Servicer Remittance Date) and on deposit in the Collection Account as of the close of business on the Business Day immediately
preceding the related Master Servicer Remittance Date will be distributed to the Holders of the respective Classes of Certificates
(excluding the Class [X-A], Class [E], Class [F], Class [G], Class [H], Class [ARD] and Class [R] Certificates) as follows: (A)
first such Yield Maintenance charge shall be allocated between (x) the group (the “YM Group A”) of the Class
[A-1], Class [A-2], Class [A-3], Class [A-4] and Class [A-AB] Certificates and the Class [A-S] Regular Interest (and correspondingly
the Class [A-S] and Class [EC] Certificates, pro rata based on their respective percentage interests in the Class [A-S] Regular
Interest) and (y) the group (the “YM Group B” and collectively with the YM Group A, the “YM Groups”)
of the Class [B] Regular Interest (and correspondingly the Class [B] and Class [EC] Certificates, pro rata based on their respective
percentage interests in the Class [B] Regular Interest), the Class [C] Regular Interest (and correspondingly the Class [C] and
Class [EC] Certificates, pro rata based on their respective percentage interests in the Class [C] Regular Interest) and
the Class [D] Certificates, pro rata based on the aggregate amount of principal distributed with respect to the Classes
of Regular Certificates and Class [EC] Regular Interests in each YM Group on such Distribution Date, and (B) then (1) the portion
of such Yield Maintenance Charge allocated to each YM Group shall be further allocated as among the Classes of Regular Certificates
and Class [EC] Regular Interests in such YM Group, in the following manner: each Class of Regular Certificates and each Class
[EC] Regular Interest in such YM Group shall entitle the applicable Certificateholders to receive on the applicable Distribution
Date, on a pro rata basis according to entitlements, that portion of such Yield Maintenance Charge equal to the product
of (x) a fraction, the numerator of which is the amount distributed as principal to such Class of Regular Certificates or Class
[EC] Regular Interest on such Distribution Date, and the denominator of which is the total amount of principal distributed to
all of the Regular Certificates and Class [EC] Regular Interests in such YM Group on such 

 

    -306- 

     

    

 

Distribution Date, (y) the Base Interest
Fraction for the related Principal Prepayment and such Class of Regular Certificates or Class [EC] Regular Interest and (z) the
amount of such Yield Maintenance Charge allocated to such YM Group, and (2) any Yield Maintenance Charges allocated to each YM
Group collected during the related Prepayment Period remaining after such distributions will be distributed to the Holders of
the Class [X-A] Certificates.

 

On
each Distribution Date, any Yield Maintenance Charges distributed in respect of the Class [A-S] Regular Interest shall be further
allocated between and distributed on the Class [A-S] Certificates and the Class [EC] Component [A-S] (and correspondingly on the
Class [EC] Certificates), pro rata in proportion to the Class [A-S] Percentage Interest and Class [A-S-PEZ] Percentage
Interest, respectively. On each Distribution Date, any Yield Maintenance Charges distributed in respect of the Class [B] Regular
Interest shall be further allocated between and distributed on the Class [B] Certificates and the Class [EC] Component [B] (and
correspondingly on the Class [EC] Certificates), pro rata in proportion to the Class [B] Percentage Interest and Class
[B-PEZ] Percentage Interest, respectively. On each Distribution Date, any Yield Maintenance Charges distributed in respect of
the Class [C] Regular Interest shall be further allocated between and distributed on the Class [C] Certificates and the Class
[EC] Component [C] (and correspondingly on the Class [EC] Certificates), pro rata in proportion to the Class [C] Percentage
Interest and Class [C-PEZ] Percentage Interest, respectively.

 

After
the Distribution Date on which the Class [X-A] Notional Amount and the Certificate Balances of the Class [A-1], Class [A-2], Class
[A-3], Class [A-4], Class [A-AB] and Class [D] Certificates and the Class [EC] Regular Interests have been reduced to zero, all
Yield Maintenance Charges collected with respect to the Mortgage Loans will be distributed to the Holders of the Class [X-A] Certificates.

 

(ii)       Any
Yield Maintenance Charge that is to be distributed to the Regular Certificates or Class [EC] Regular Interests on any Distribution
Date shall be deemed distributed from the Lower-Tier REMIC to the Upper-Tier REMIC in respect of the Lower-Tier Regular Interests
then receiving a principal distribution, pro rata, based on the respective amounts of those principal distributions.

 

(iii)      On
each Distribution Date, any Yield Maintenance Charges payable in respect of the Trust AB Loan Combination and received during
the related Collection Period and allocable in respect of the Trust Subordinate Companion Loan pursuant to the related intercreditor
agreement shall be distributed to the Class [LOAN-SPECIFIC] Certificates.

 

[IF
CREDIT RISK RETENTION IS TO BE HELD IN WHOLE OR IN PART IN THE FORM OF A SINGLE VERTICAL SECURITY FOR PURPOSES OF REGULATION RR,
THE FOREGOING DISTRIBUTIONS WILL BE ADJUSTED TO REFLECT ALLOCATION OF YIELD MAINTENANCE CHARGES BETWEEN THE VERTICAL INTEREST
AND THE OTHER CLASSES ENTITLED TO RECEIVE YIELD MAINTENANCE CHARGES.]

 

    -307- 

     

    

 

(e)       On
each Distribution Date, the Certificate Administrator shall withdraw amounts from the Excess Liquidation Proceeds Reserve Account
and shall distribute such amounts in the following priority:

 

(i)       first,
(other than any amounts allocable to the Trust Subordinate Companion Loan) to the Holders of the Regular Certificates and to the
Exchangeable Distribution Account with respect to the Class [EC] Regular Interests (in the same order as distributions are made
pursuant to Section 4.01(b) of this Agreement) up to an amount equal to all amounts remaining due and payable on the Regular
Certificates and Class [EC] Regular Interests, and any Realized Loss allocable to such Certificates or Class [EC] Regular Interests,
after application of the Available Funds for such Distribution Date; and

 

(ii)       second,
with respect to any amount allocable to a Trust Subordinate Companion Loan, to reimburse the Holders of the Class [LOAN-SPECIFIC]
Certificates up to an amount equal to all [LOAN-SPECIFIC] Realized Losses, if any, previously deemed allocated to them and unreimbursed
after application of the [LOAN-SPECIFIC] Available Funds for such Distribution Date.

 

(iii)      third,
to the Holders of the Class [R] Certificates, in accordance with the last sentence of Section 3.05(c) of this Agreement.

 

Amounts
paid with respect to the Mortgage Loans (and, in the case of the Trust AB Loan Combination, the Trust Subordinate Companion Loan)
from the Excess Liquidation Proceeds Reserve Account pursuant to the preceding clause (i) shall first be deemed to have been distributed
to reimburse the Lower-Tier REMIC in respect of any Realized Losses or other shortfalls allocated to the Upper-Tier REMIC in respect
of the Lower-Tier Regular Interests in reimbursement of Realized Losses previously allocated thereto and payment of other amounts
due thereon.

 

(f)       On
each Distribution Date, following the deemed distributions of principal or in reimbursement of previously allocated Realized Losses
made in respect of the Lower-Tier Regular Interests pursuant to Section 4.01(a)(ii), the Lower-Tier Principal Balance of
each Lower-Tier Regular Interest (after taking account of such deemed distributions) shall be reduced as a result of Realized
Losses to equal the Certificate Balance of its Corresponding Certificates that will be outstanding immediately following such
Distribution Date.

 

(g)       The
Certificate Balance of each Class of Regular Certificates (other than the Class [IO] Certificates) and each Class [EC] Regular
Interest will be reduced without distribution on any Distribution Date, as a write-off, to the extent of any Realized Loss (for
purposes of this calculation only, not giving effect to any reductions of the Stated Principal Balance for payments of principal
collected on the Mortgage Loans that were used to reimburse any Workout-Delayed Reimbursement Amounts pursuant to Section 3.06
of this Agreement to the extent such Workout-Delayed Reimbursement Amounts are not otherwise determined to be Nonrecoverable
Advances) allocated to such Class of Certificates or Class [EC] Regular Interest on such Distribution Date. On each Distribution
Date, any Realized Loss for such Distribution Date will be allocated to the respective Classes of Subordinate Certificates [(other
than the Class 

 

    -308- 

     

    

 

[__] Certificates)] and the Trust Components [(other than the Class [__] Trust Component)] in the following order,
until the Certificate Balance of each such Class of Certificates and/or Trust Component is reduced to zero: first, to the
Class [__] Certificates; second, to the Class [__] Certificates; third, to the Class [__] Certificates; fourth,
to the Class [__] Trust Component (and correspondingly, to the Class [__] Certificates and the Class [EC] Certificates, pro
rata based on their respective percentage interests in the Class [__] Trust Component); and; fifth, to the Class [__]
Trust Component (and correspondingly, to the Class [__] Certificates and the Class [EC] Certificates, pro rata based on
their respective percentage interests in the Class [__] Trust Component); [additional
clauses to be added as applicable].

 

Following
the reduction of the Certificate Balances of all Classes of Subordinate Certificates and Trust Components to zero, the Certificate
Administrator will be required to allocate Realized Losses among the Senior Certificates (other than the [INTEREST-ONLY CLASSES]
certificates), pro rata, based upon their respective Certificate Balances, until their respective Certificate Balances have been
reduced to zero.

 

Realized
Losses will not be allocated to the Class [ARD] certificates or the Class [R] Certificates and will not be directly allocated
to the [INTEREST-ONLY CLASSES] Certificates. However, the Notional Amounts of the Classes of [INTEREST-ONLY CLASSES] Certificates
will be reduced if the related Classes of Principal Balance Certificates and/or Trust Components are reduced by such Realized
Losses. [Realized Losses will not be allocated to the [LOAN-SPECIFIC CLASS] Certificates; however, losses on the Trust Subordinate
Comparison Loan will be.]

 

[ALTERNATIVE
ALLOCATIONS OF REALIZED LOSSES, INCLUDING ALLOCATING A SPECIFIED PERCENTAGE OF EACH REALIZED LOSS TO A SINGLE VERTICAL SECURITY
FOR REGULATION RR PURPOSES OR ALLOCATING PARTICULAR REALIZED LOSSES TO DIFFERENT CLASSES BASED ON THE UNDERLYING MORTGAGE LOAN
INVOLVED OR THE CAUSE OF THE LOSS, TO BE REFLECTED.]

 

In
general, Realized Losses could result from the occurrence of: (1) losses and other shortfalls on or in respect of the Mortgage
Loans, including as a result of defaults and delinquencies on the related Mortgage Loans, Nonrecoverable Advances made in respect
of the Mortgage Loans, the payment to the Special Servicer [or an Outside Special Servicer] of any compensation, and the payment
of interest on Advances and certain servicing expenses; and (2) certain unanticipated, non-Mortgage Loan specific expenses of
the issuing entity, including certain reimbursements to the certificate administrator or trustee, and certain federal, state and
local taxes, and certain tax related expenses, payable out of the issuing entity.

 

[A
Class of [public classes] Certificates or a Trust Component will be considered
outstanding until its Certificate Balance or Notional Amount is reduced to zero, except that the Class [ARD] Certificates will
be considered outstanding so long as Holders of such Certificates are entitled to receive Excess Interest and the Class [__] Certificates
will be considered outstanding so long as Holders of such Certificates are entitled to receive Yield Maintenance Charges and prepayment
premiums.] However, notwithstanding a reduction of its 

 

    -309- 

     

    

 

Certificate Balance to zero, reimbursements of any previously allocated
Realized Losses are required thereafter to be made to a Class of Principal Balance Certificates.

 

(h)       All
amounts distributable, or reductions allocable on account of Realized Losses, to a Class of Certificates pursuant to this Section
4.01 on each Distribution Date shall be allocated pro rata among the outstanding Certificates in each such Class based
on their respective Percentage Interests. Such distributions shall be made on each Distribution Date other than the Termination
Date to each Certificateholder of record on the related Record Date (a) by wire transfer of immediately available funds to the
account of such Certificateholder at a bank or other entity located in the United States and having appropriate facilities therefor,
if such Certificateholder provides the Certificate Administrator with wiring instructions no less than five (5) Business Days
prior to the related Record Date, or otherwise (b) by check mailed to such Certificateholder. The final distribution on each Certificate
shall be made in like manner, but only upon presentment and surrender of such Certificate at the office of the Certificate Administrator
or its agent (which may be the Paying Agent or the Certificate Registrar acting as such agent) that is specified in the notice
to Certificateholders of such final distribution. The Certificate Administrator shall be responsible for making all distributions
on the Certificates contemplated hereunder.

 

(i)       Except
as otherwise provided in Section 9.01 with respect to an Anticipated Termination Date, the Certificate Administrator shall,
no later than the fifteenth day of the month preceding the month in which the final distribution with respect to any Class of
Certificates is expected to be made (or, if the Certificate Administrator has not received notice of such Anticipated Termination
Date by such time, promptly following the Certificate Administrator’s receipt of such notice), mail to each Holder of such
Class of Certificates, on such date a notice to the effect that:

 

(i)       the
Certificate Administrator reasonably expects based upon information previously provided to it that the final distribution with
respect to such Class of Certificates will be made on such Distribution Date, but only upon presentation and surrender of such
Certificates at the office of the Certificate Administrator therein specified, and

 

(ii)       if
such final distribution is made on such Distribution Date, no interest shall accrue on such Class of Certificates, or on the Corresponding
Lower-Tier Regular Interest, from and after such Distribution Date;

 

provided,
however, that the Class [R] Certificates shall remain outstanding until there is no other Class of Certificates outstanding.

 

Any
funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure
of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust for the benefit of
the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section
4.01(i) shall not have been surrendered for cancellation within six (6) months after the time specified in such notice, the
Certificate Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates
for cancellation to 

 

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receive the final distribution with respect thereto. If within one year after the second notice not all of
such Certificates shall have been surrendered for cancellation, the Certificate Administrator may, directly or through an agent,
take appropriate steps to contact the remaining non-tendering Certificateholders concerning surrender of their Certificates. The
costs and expenses of holding such funds in trust and of contacting such Certificateholders shall be paid out of such funds. If
within two years after the second notice any such Certificates shall not have been surrendered for cancellation, the Paying Agent
shall pay to the Certificate Administrator all amounts distributable to the Holders thereof, and the Certificate Administrator
shall thereafter hold such amounts for the benefit of such Holders until the earlier of (i) its termination as Certificate Administrator
hereunder and the transfer of such amounts to a successor Certificate Administrator and (ii) the termination of the Trust Fund
and distribution of such amounts to the Class [R] Certificateholders. No interest shall accrue or be payable to any Certificateholder
on any amount held in trust hereunder or by the Certificate Administrator as a result of such Certificateholder’s failure
to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.01(i). Any funds not distributed
on such Distribution Date shall be set aside and held uninvested in trust for the benefit of Certificateholders not presenting
and surrendering their Certificates in the aforesaid manner.

 

(j)       [Reserved].

 

(k)       The
Excess Prepayment Interest Shortfall, if any, for each Distribution Date will be allocated among the various Classes of Regular
Certificates, the Class [A] Regular Interest (and correspondingly, the Class [A-S] Certificates and the Class [EC] Component [A],
pro rata based on their respective percentage interests therein), the Class [B] Regular Interest (and correspondingly,
the Class [B] Certificates and the Class [EC] Component [B], pro rata based on their respective percentage interests therein)
and the Class [C] Regular Interest (and correspondingly, the Class [C] Certificates and the Class [EC] Component [C], pro rata
based on their respective percentage interests therein), pro rata, based upon the respective Interest Accrual Amounts
with respect to such Classes of Regular Certificates and Class [EC] Regular Interests for such Distribution Date. The portion
of any Excess Prepayment Interest Shortfall for any Distribution Date so allocable to the Class [X-A] Certificates shall, in turn,
be allocated among the various Components of the Class [IO] Certificates, pro rata, based upon the respective amounts of
Accrued Component Interest with respect to such Components for such Distribution Date. The portion of any Excess Prepayment Interest
Shortfall for any Distribution Date so allocated to any Class of Regular Certificates, any Class [EC] Regular Interest or any
Component of the Class [IO] Certificates shall be deemed to have first been allocated to the Corresponding Lower-Tier Regular
Interest for such Class of Regular Certificates, Class [EC] Regular Interest or Component, as applicable.

 

(l)       Amounts
distributed on the Class [EC] Regular Interests pursuant to Section 4.01(b) and Section 4.01(d) shall be further
distributed from the Exchangeable Distribution Account to the Holders of the Exchangeable Certificates as set forth below:

 

(i)       On
each Distribution Date, simultaneously with the distributions made on the Class [A] Regular Interest under Section 4.01(b),
the aggregate amount so distributed on the Class [A-S] Regular Interest on such Distribution Date shall be further distributed

 

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by the Certificate Administrator to the Holders of the Class [A-S] Certificates and the Class [EC] Certificates in the following
amounts and in the following order of priority:

 

(A)       first,
concurrently, to the Holders of the Class [A-S] Certificates in respect of interest, up to an amount equal to the Class [A-S]
Percentage Interest of the amount distributed in respect of interest on the Class [A-S] Regular Interest under Section 4.01(b)(iv)
and Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of interest on Class [EC] Component
[A-S], up to an amount equal to the Class [A-S-PEZ] Percentage Interest of the amount distributed in respect of interest on the
Class [A-S] Regular Interest under Section 4.01(b)(iv) and Section 4.01(e)(i);

 

(B)       second,
concurrently, to the Holders of the Class [A-S] Certificates in respect of principal, up to an amount equal to the Class [A-S]
Percentage Interest of the amount distributed in respect of principal on the Class [A-S] Regular Interest under Section 4.01(b)[_]
and Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of principal on Class [EC] Component
[A-S], up to an amount equal to the Class [A-S-PEZ] Percentage Interest of the amount distributed in respect of principal on the
Class [A-S] Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i); and

 

(C)       third,
concurrently, to the Holders of the Class [A-S] Certificates in respect of unreimbursed Realized Losses, up to an amount equal
to the Class [A-S] Percentage Interest of the amount distributed in respect of unreimbursed Realized Losses on the Class [A-S]
Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in
respect of unreimbursed Realized Losses on Class [EC] Component [A-S], up to an amount equal to the Class [A-S-PEZ] Percentage
Interest of the amount distributed in respect of unreimbursed Realized Losses on the Class [A-S] Regular Interest under Section
4.01(b)[_] and Section 4.01(e)(i).

 

(ii)       On
each Distribution Date, simultaneously with the distributions made on the Class [B] Regular Interest under Section 4.01(b),
the aggregate amount so distributed on the Class [B] Regular Interest on such Distribution Date shall be further distributed by
the Certificate Administrator to the Holders of the Class [B] Certificates and the Class [EC] Certificates in the following amounts
and in the following order of priority:

 

(A)       first,
concurrently, to the Holders of the Class [B] Certificates in respect of interest, up to an amount equal to the Class [B] Percentage
Interest of the amount distributed in respect of interest on the Class [B] Regular Interest under Section 4.01(b)[_] and
Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of interest on Class [EC] Component [B],
up to an amount equal to the Class [B-PEZ] Percentage Interest of the amount distributed in respect of interest on the Class [B]
Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i);

 

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(B)       second,
concurrently, to the Holders of the Class [B] Certificates in respect of principal, up to an amount equal to the Class [B] Percentage
Interest of the amount distributed in respect of principal on the Class [B] Regular Interest under Section 4.01(b)[_] and
Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of principal on Class [EC] Component [B],
up to an amount equal to the Class [B-PEZ] Percentage Interest of the amount distributed in respect of principal on the Class
[B] Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i); and

 

(C)       third,
concurrently, to the Holders of the Class [B] Certificates in respect of unreimbursed Realized Losses, up to an amount equal to
the Class [B] Percentage Interest of the amount distributed in respect of unreimbursed Realized Losses on the Class [B] Regular
Interest under Section 4.01(b)[_] and Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect
of unreimbursed Realized Losses on Class [EC] Component [B], up to an amount equal to the Class [B-PEZ] Percentage Interest of
the amount distributed in respect of unreimbursed Realized Losses on the Class [B] Regular Interest under Section 4.01(b)[_]
and Section 4.01(e)(i).

 

(iii)       On
each Distribution Date, simultaneously with the distributions made on the Class [C] Regular Interest under Section 4.01(b),
the aggregate amount so distributed on the Class [C] Regular Interest on such Distribution Date shall be further distributed by
the Certificate Administrator to the Holders of the Class [C] Certificates and the Class [EC] Certificates in the following amounts
and in the following order of priority:

 

(A)       first,
concurrently, to the Holders of the Class [C] Certificates in respect of interest, up to an amount equal to the Class [C] Percentage
Interest of the amount distributed in respect of interest on the Class [C] Regular Interest under Section 4.01(b)[_] and
Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of interest on Class [EC] Component [C],
up to an amount equal to the Class [C-PEZ] Percentage Interest of the amount distributed in respect of interest on the Class [C]
Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i);

 

(B)       second,
concurrently, to the Holders of the Class [C] Certificates in respect of principal, up to an amount equal to the Class [C] Percentage
Interest of the amount distributed in respect of principal on the Class [C] Regular Interest under Section 4.01(b)[_] and
Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect of principal on Class [EC] Component [C],
up to an amount equal to the Class [C-PEZ] Percentage Interest of the amount distributed in respect of principal on the Class
[C] Regular Interest under Section 4.01(b)[_] and Section 4.01(e)(i); and

 

(C)       third,
concurrently, to the Holders of the Class [C] Certificates in respect of unreimbursed Realized Losses, up to an amount equal to
the Class [C] Percentage Interest of the amount distributed in respect of unreimbursed Realized Losses on the Class [C] Regular
Interest under Section 4.01(b)[_] and

 

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Section 4.01(e)(i), and to the Holders of the Class [EC] Certificates in respect
of unreimbursed Realized Losses on Class [EC] Component [C], up to an amount equal to the Class [C-PEZ] Percentage Interest of
the amount distributed in respect of unreimbursed Realized Losses on the Class [C] Regular Interest under Section 4.01(b)[_]
and Section 4.01(e)(i).

 

(iv)       The
various amounts distributable on the Class [EC] Certificates on each Distribution Date under the foregoing subsections of this
Section 4.01(l) shall be so distributed in a single, aggregate distribution.

 

(m)       The
various amounts distributable on the Class [EC] Certificates on each Distribution Date under Article IV in respect of amounts
allocated to any of the Class [EC] Components pursuant to the terms of this Agreement shall be so distributed in a single, aggregate
distribution to the Holders of the Class [EC] Certificates on such Distribution Date. In addition, the Class [EC] Certificates
shall be allocated the aggregate amount of Realized Losses, Prepayment Interest Shortfalls and other interest shortfalls (including
those resulting from Appraisal Reduction Events) that are allocated to the Class [EC] Components pursuant to the terms of this
Agreement.

 

(n)       On
each Distribution Date, [___% of] any Excess Interest received during the related Prepayment Period with respect to the ARD Mortgage
Loans shall be distributed from the Excess Interest Distribution Account to the Holders of the Class [ARD] Certificates [and the
other __% of such Excess Interest to holders of the VRR Interest].

 

Section
4.02          Statements to Certificateholders; Certain Reports by the Master Servicer and the Special Servicer.

 

(a)       Based
on loan-level information received from the Master Servicer and any other applicable Persons, on each Distribution Date, the Certificate
Administrator shall provide or make available a report, including reports in substantially the form attached hereto as Exhibit
D (the “Distribution Date Statement”), setting forth, among other things, the following information:

 

(A)       the
amount of distributions, if any, made on such Distribution Date to the holders of each Class of Principal Balance Certificates
and applied to reduce the respective Certificate Balance thereof;

 

(B)       the
amount of distributions, if any, made on such Distribution Date to the Holders of each Class of Certificates allocable to (A)
Interest Distribution Amount, (B) Yield Maintenance Charges and (C) Excess Interest;

 

(C)       the
amount of any distributions made on such Distribution Date to the Holders of the Class [R] Certificates;

 

(D)       the
aggregate amount of outstanding P&I Advances with respect to each Mortgage Loan as of the related Determination Date, and
the total outstanding other or miscellaneous advances (excluding P&I Advances and tax 

 

    -314- 

     

    

 

and insurance advances) with respect
to each Mortgage Loan as of the related Determination Date;

 

(E)       the
aggregate amount of Servicing Fees retained by or paid to the Master Servicer and Special Servicing Compensation retained by or
paid to the Special Servicer in respect of the related Collection Period, Prepayment Period or Interest Accrual Period, as applicable;

 

(F)       the
aggregate Stated Principal Balance of the Mortgage Loans and the Trust Subordinate Companion Loan immediately before and after
such Distribution Date and the percentage of the Cut-Off Date Principal Balance of the Mortgage Loans and the Trust Subordinate
Companion Loan which remains outstanding immediately after such Distribution Date;

 

(G)       the
number, aggregate principal balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the outstanding
Mortgage Loans, at the close of business on the related Determination Date;

 

(H)       as
of the Determination Date, the number and aggregate unpaid principal balance of Mortgage Loans and the Trust Subordinate Companion
Loan (A) delinquent one month, (B) delinquent two months, (C) delinquent three or more months, (D) that are Specially Serviced
Loans but are not delinquent or (E) as to which foreclosure proceedings have been commenced;

 

(I)       the
aggregate Stated Principal Balance of Mortgage Loans and the Trust Subordinate Companion Loan as to which the related Mortgagor
is subject or is expected to be subject to a bankruptcy proceeding;

 

(J)       with
respect to any Mortgage Loan or Trust Subordinate Companion Loan as to which the related Mortgaged Property became an REO Property
(including with respect to the Outside Serviced Mortgage Loans) during the related Prepayment Period, the Stated Principal Balance
and unpaid principal balance of such Mortgage Loan or Trust Subordinate Companion Loan as of the date such Mortgaged Property
became an REO Property and the most recently determined Appraised Value and date upon which the Appraisal was performed;

 

(K)       as
to any Mortgage Loan or Trust Subordinate Companion Loan repurchased, substituted for or otherwise liquidated or disposed of during
the related Prepayment Period, the Loan Number thereof and the amount of any Liquidation Proceeds and/or other amounts, if any,
received thereon during the related Prepayment Period and the portion thereof included in the Available Funds for such Distribution
Date;

 

(L)       with
respect to any REO Property (including with respect to the Outside Serviced Mortgage Loans) included in the Trust Fund as of the
close of business on the last day of the related Prepayment Period, the Loan Number of the related Mortgage Loan or Trust Subordinate
Companion Loan, the book value of such REO Property and the amount of any income collected with respect to such 

 

    -315- 

     

    

 

REO Property (net
of related expenses) and other amounts, if any, received on such REO Property during the related Prepayment Period and the portion
thereof included in the Available Funds for such Distribution Date and the most recently determined Appraised Value and date upon
which the Appraisal was performed;

 

(M)       with
respect to any REO Property (including with respect to the Outside Serviced Mortgage Loans) sold or otherwise disposed of during
the related Prepayment Period, the Loan Number of the related Mortgage Loan or Trust Subordinate Companion Loan, and the amount
of Liquidation Proceeds and other amounts, if any, received in respect of such REO Property during the related Prepayment Period,
the portion thereof included in the Available Funds for such Distribution Date and the balance of the Excess Liquidation Proceeds
Reserve Account for such Distribution Date;

 

(N)       the
Interest Distribution Amount in respect of each Class of Regular Certificates and Class [EC] Regular Interest for such Distribution
Date;

 

(O)       any
unpaid Interest Distribution Amount in respect of each Class of Regular Certificates and Class [EC] Regular Interest after giving
effect to the distributions made on such Distribution Date;

 

(P)       the
Pass-Through Rate for each Class of Regular Certificates and Class [EC] Regular Interest for such Distribution Date;

 

(Q)       the
original Certificate Balance or Notional Amount as of the Closing Date and the Certificate Balance or Notional Amount, as the
case may be, of each Class of Regular Certificates and Class [EC] Regular Interest immediately before and immediately after such
Distribution Date, separately identifying any reduction in the Certificate Balance or Notional Amount, as the case may be, of
each such Class of Regular Certificates and Class [EC] Regular Interest due to Realized Losses;

 

(R)       the
Certificate Factor for each Class of Regular Certificates or Class [EC] Regular Interest immediately following such Distribution
Date;

 

(S)       the
Principal Distribution Amount for such Distribution Date;

 

(T)       the
aggregate amount of Principal Prepayments made during the related Prepayment Period, and the aggregate amount of any Prepayment
Interest Excesses received and Prepayment Interest Shortfalls incurred in connection therewith;

 

(U)       the
aggregate amount of losses on Mortgage Loans and Additional Trust Fund Expenses, if any, incurred with respect to the Trust Fund
during the related Prepayment Period, and any Realized Loss for such Distribution Date;

 

(V)       any
Appraisal Reduction Amounts on a loan-by-loan basis, and the total Appraisal Reduction Amounts, as of the related Determination
Date;

 

    -316- 

     

    

 

(W)       identification
of any material modification, extension or waiver of a Mortgage Loan;

 

(X)       identification
of any material breach of the representations and warranties given with respect to a Mortgage Loan by the applicable Mortgage
Loan Seller;

 

(Y)       the
identity of the Operating Advisor;

 

(Z)       the
amount of the Operating Advisor Fee, the Trustee/Certificate Administrator Fee and the CREFC® Intellectual Property
Royalty License Fee paid with respect to such Distribution Date;

 

(AA)
  an itemized listing of any Disclosable Special Servicer Fees received by the Special Servicer or any of its Affiliates during
the related Collection Period;

 

(BB)
  
the identity of the Controlling Class;

 

(CC)

  the identity of the Controlling Class Representative;

 

(DD)
 
such additional information as contemplated by Exhibit D to this Agreement; and

 

(EE)
  
the information required by Rule 15Ga-1(a), as promulgated under the Exchange Act, concerning all assets of the Trust Fund that
were subject of a demand to repurchase or replace for breach of the representations and warranties in any of the Mortgage Loan
Purchase Agreements.

 

In
the case of information furnished pursuant to subclauses (A), (B), (C) and (Q) above, the amounts shall be expressed as a dollar
amount in the aggregate for all Certificates of each applicable Class and per single Certificate of a specified minimum denomination.
The form of any Distribution Date Statement may change over time.

 

On
each Distribution Date, the Certificate Administrator shall make available via the Certificate Administrator’s Website to
each Holder of a Class [R] Certificate a copy of the reports made available to the other Certificateholders on such Distribution
Date and a statement setting forth the amounts, if any, actually distributed with respect to the Class [R] Certificates in respect
of the related Trust REMIC on such Distribution Date. Such obligation of the Certificate Administrator shall be deemed to have
been satisfied to the extent that it provided substantially comparable information pursuant to any requirements of the Code as
from time to time in force. Absent manifest error, none of the Master Servicer or the Special Servicer shall be responsible for
the accuracy or completeness of any information supplied to it by a Mortgagor or any Mortgage Loan Seller (including the information
in the Prospectus) or any other third party that is included in any reports, statements, materials or information prepared or
provided by the Master Servicer or the Special Servicer, as applicable.

 

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Upon
receipt of a summary of any Asset Review Report from the Asset Representations Reviewer required to be delivered pursuant to Section
11.01(b) the Certificate Administrator shall include such summary in Item 1B on the Form 10-D for such period in which the Asset
Review Report was delivered.

 

Based
on the Retention Certificates received by the Certificate Administrator in accordance with Section 3.36, the Certificate Administrator
shall include the information required to be included as part of Item 7 of Part II on Form 10-D.

 

The
Certificate Administrator shall make available each month via the Certificate Administrator’s Website, to any Privileged
Person (or, in the case of item (vii) below, solely to Certificateholders and Certificate Owners and provided that the
Prospectus, Distribution Date Statements, this Agreement, the Mortgage Loan Purchase Agreements and the Commission EDGAR filings
referred to below (collectively, the “Public Documents”) will be available to the general public, and provided
further that any Privileged Person that is a Borrower Party shall only be entitled to access the Public Documents, except as otherwise
provided herein with respect to the Special Servicer, any Controlling Class Certificateholder and the Controlling Class Representative),
the following items:

 

(i)       the
following “deal documents”:

 

(A)       the
Prospectus;

 

(B)       this
Agreement, each Sub-Servicing Agreement delivered to the Certificate Administrator since the Closing Date (if any), the Mortgage
Loan Purchase Agreements and any amendments and exhibits hereto or thereto; and

 

(C)       CREFC®
Loan Setup File delivered to the Certificate Administrator by the Master Servicer;

 

(ii)       the
following “Commission EDGAR filings”:

 

(A)       any
reports on Forms 10 D, 10 K, 8 K and ABS-EE that have been filed by the Certificate Administrator with respect to the Trust through
the EDGAR system;

 

(iii)       the
following documents, which shall initially be made available under a tab or heading designated “periodic reports”:

 

(A)       the
Distribution Date Statements;

 

(B)       the
supplemental reports and the CREFC® data files identified as such in the definition of “CREFC®
Investor Reporting Package (IRP)” (other than the CREFC® Loan Setup File), to the extent the Certificate
Administrator has received such report or file; and

 

(C)       all
Operating Advisor Annual Reports;

 

    -318- 

     

    

 

(iv)       the
following documents, which shall be made available under a tab or heading designated “additional documents”:

 

(A)       the
summary of any Final Asset Status Report delivered to the Certificate Administrator in electronic format pursuant to Section
3.21 of this Agreement;

 

(B)       any
inspection reports prepared by or on behalf of the Master Servicer or the Special Servicer, as applicable, and delivered to the
Certificate Administrator pursuant to Section 3.18 of this Agreement;

 

(C)       any
other Third Party Reports (or updates thereto) delivered to the Certificate Administrator in electronic format; and

 

(D)       any
notice of the determination of an Appraisal Reduction Amount or Collateral Deficiency Amount with respect to any Mortgage Loan,
including the related CREFC® Appraisal Reduction Template;

 

(v)       the
following documents, which shall be made available under a tab or heading designated “special notices”:

 

(A)       all
Special Notices;

 

(B)       notice
of any release based on an environmental release under this Agreement;

 

(C)       notice
of any waiver, modification or amendment of any term of any Mortgage Loan;

 

(D)       notice
of final payment on the Certificates;

 

(E)       all
notices of the occurrence of any Servicer Termination Events received by the Certificate Administrator or any notice to Certificateholders
of the termination of the Master Servicer or the Special Servicer;

 

(F)       any
notice of resignation or termination of the Master Servicer or Special Servicer;

 

(G)       notice
of resignation of the Trustee or the Certificate Administrator, and notice of the acceptance of appointment by the successor Trustee
or the successor Certificate Administrator, as applicable;

 

(H)       any
notice of any request by requisite percentage of Certificateholders for a vote to terminate the Special Servicer pursuant to Section
7.01, the Operating Advisor pursuant to Section 7.06(b) or the Asset Representations Reviewer pursuant to Section 11.05(b); provided,
that such request may be made solely by Holders of Non-Reduced Certificates as and to the extent specified in this Agreement;

 

    -319- 

     

    

 

(I)       any
notice of recommendation of termination of the Special Servicer by the Operating Advisor and the related report prepared by the
Operating Advisor in connection with such recommendation;

 

(J)       notice
of resignation or termination of the Operating Advisor or the Asset Representations Reviewer and notice of the acceptance of appointment
by the successor Operating Advisor or the successor Asset Representations Reviewer, as applicable;

 

(K)       notice
of the Certificate Administrator’s determination that an Asset Review Trigger has occurred and any other notice required
to be delivered to the Certificateholders pursuant to Section 11.01 and a copy of any final Asset Review Report received by the
Certificate Administrator;

 

(L)       any
notice of the termination of a sub-servicer with respect to Mortgage Loans representing 10% or more of the aggregate principal
balance of all the Mortgage Loans;

 

(M)       any
and all officer’s certificates and other evidence delivered to or by the Certificate Administrator to support its or the
Master Servicer’s, the Special Servicer’s, or the Trustee’s as the case may be, determination that any Advance
was (or, if made, would be) a Nonrecoverable Advance;

 

(N)       any
notice of the termination of the Trust;

 

(O)       any
notice that a Control Termination Event has occurred or is terminated or that a Consultation Termination Event or an Operating
Advisor Consultation Trigger Event has occurred;

 

(P)       any
notice of the occurrence of an Operating Advisor Termination Event;

 

(Q)       any
notice of the occurrence of an Asset Representations Reviewer Termination Event;

 

(R)       “special
notices” required by a Certificateholder to be posted on the Certificate Administrator’s website pursuant to Section
5.07;

 

(S)       the
annual assessments as to compliance (in the case of the Master Servicer and the Special Servicer) and the officer’s certificates
delivered by the Master Servicer and the Special Servicer to the Certificate Administrator since the Closing Date pursuant to
Section 10.09 of this Agreement; and

 

(T)       the
annual independent public accountants’ servicing report caused to be delivered by the Master Servicer and the Special Servicer
to the Certificate Administrator since the Closing Date pursuant to Section 10.10 of this Agreement;

 

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(U)       the
Investor Q&A Forum;

 

(V)       solely
to Certificateholders and Certificate Owners that are Privileged Persons, the Investor Registry;

 

(W)       the
“Risk Retention Compliance” tab; and

 

(X)       the
following information (but only to the extent provided to the Certificate Administrator) under the “Risk Retention Compliance”
tab as further described under [“EU Securitization Risk Retention Requirements”]:

 

		●	the
                                         original principal amount of the [HRR Certificates][VRR Interest] of which the Retaining
                                         Party is the registered holder and whether such amount matches the amount the Retaining
                                         Party is required to retain under the Credit Risk Retention Agreement; and

 

		●	a
                                         statement as to compliance by the Retaining Party with the Hedging Covenant and notice
                                         of any non-compliance with such covenant;]

 

provided
that with respect to a Control Termination Event or a Consultation Termination Event deemed to exist due solely to the existence
of an Excluded Mortgage Loan, the Certificate Administrator will only be required to make available such notice of the occurrence
and continuance of a Control Termination Event or the notice of the occurrence and continuance of a Consultation Termination Event
to the extent the Certificate Administrator has been notified of such Excluded Mortgage Loan.

 

Notwithstanding
the foregoing, all Excluded Information shall be made available under one separate tab or heading designated “Excluded Information”
on the Certificate Administrator’s Website (and not any of the headings described in items (i) through (viii)
above) and made available to Privileged Persons other than any Excluded Controlling Class Holder (unless a loan-by-loan segregation
is later performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the related
Excluded Controlling Class Mortgage Loan(s)). Notwithstanding the foregoing, nothing set forth in this Agreement shall prohibit
the Controlling Class Representative or any Controlling Class Certificateholder from receiving, requesting or reviewing any Excluded
Information relating to any Excluded Controlling Class Mortgage Loan with respect to which the Controlling Class Representative
or such Controlling Class Certificateholder is not a Borrower Party and, if such Excluded Information is not available to such
Controlling Class Representative or Controlling Class Certificateholder via the Certificate Administrator’s Website, such
Controlling Class Representative or Controlling Class Certificateholder that is not a Borrower Party with respect to the related
Excluded Controlling Class Mortgage Loan shall be entitled to obtain (upon reasonable request) such information in accordance
with Section 4.02(e) of this Agreement.

 

Notwithstanding
any of the foregoing to the contrary, if the Special Servicer acquires knowledge that it is a Borrower Party with respect to any
Mortgage Loan or Serviced Loan Combination, the Special Servicer shall nevertheless have access to the Certificate Administrator’s
Website; provided, that the Special Servicer hereby agrees not to access, and is

 

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not
permitted to access, Excluded Special Servicer Information with respect to any Excluded Special Servicer Mortgage Loan (but shall
be permitted to access any information with respect to any Mortgage Loan other than any related Excluded Special Servicer Mortgage
Loan) made available on the Certificate Administrator’s Website or otherwise pursuant to this Agreement. If the Special
Servicer is a Borrower Party with respect to any Excluded Special Servicer Mortgage Loan, the Special Servicer (i) shall not,
directly or indirectly provide any information related to any Excluded Special Servicer Mortgage Loan (which shall include, without
limitation, any Excluded Information related to such Excluded Special Servicer Mortgage Loan) to (A) any related Borrower Party,
(B) any employees or personnel of the Special Servicer or any of its Affiliates involved in the management of any investment in
any related Borrower Party or the related Mortgaged Property or (C) to the extent known to the Special Servicer, any non-Affiliate
that holds a direct or indirect ownership interest in any related Borrower Party or the related Mortgaged Property, and (ii) shall
maintain sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations
described in clause (i) above. Notwithstanding any provision to the contrary herein, the Certificate Administrator shall not have
any obligation to restrict access by the Special Servicer or any Excluded Mortgage Loan Special Servicer to any information on
the Certificate Administrator’s website related to any Excluded Special Servicer Mortgage Loan.

 

Any
Person that is a Borrower Party shall be entitled to access (a) the Public Documents, and (b) in the case of the Controlling Class
Representative or a Controlling Class Certificateholder, if any such Person is an Excluded Controlling Class Holder, upon delivery
to the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator and the Trustee in physical
form of an Investor Certification substantially in the form of Exhibit M-1C and a notice in the form of Exhibit M-1F
hereto certifying to the effect that it is an Excluded Controlling Class Holder and upon delivery to the Certificate Administrator
in physical form of an investor certification substantially in the form of Exhibit M-1G, which shall include each of the
CitiDirect Login User ID associated with such Excluded Controlling Class Holder, all information (other than Excluded Information
related to the Excluded Controlling Class Mortgage Loan(s) (unless a loan-by-loan segregation is later performed by the Certificate
Administrator in which case such access shall only be prohibited with respect to the Excluded Controlling Class Mortgage Loan(s)
for which such Person is a Borrower Party)) available on the Certificate Administrator’s Website.

 

In
the case of the Controlling Class Representative or Controlling Class Certificateholder that is not an Excluded Controlling Class
Holder, upon delivery of an investor certification substantially in the form of Exhibit M-1B hereto certifying to the effect
that it is not an Excluded Controlling Class Holder, such Controlling Class Representative or a Controlling Class Certificateholder
shall be entitled to access all information on the Certificate Administrator’s Website. The Master Servicer, Special Servicer,
Operating Advisor, Certificate Administrator and Trustee may each rely on (i) an Investor Certification in the form of Exhibit
M-1B hereto from the Controlling Class Representative or a Controlling Class Certificateholder to the effect that such Person
is not an Excluded Controlling Class Holder with respect to any Excluded Controlling Class Mortgage Loan or (ii) an Investor Certification
in the form of Exhibit M-1C hereto from the Controlling Class Representative or a Controlling Class Certificateholder to
the effect that such Person is an Excluded Controlling Class Holder with respect to one or more Excluded Controlling Class Mortgage
Loan(s). In the event the

 

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 Controlling Class Representative or a Controlling Class Certificateholder, as the case may be, becomes
an Excluded Controlling Class Holder, such party shall promptly notify each of the Master Servicer, the Special Servicer, the
Operating Advisor, the Certificate Administrator and the Trustee in writing substantially in the form of Exhibit M-1F to
the effect that such party is an Excluded Controlling Class Holder with respect to the Excluded Controlling Class Mortgage Loan(s)
listed in such notice and shall also provide the Certificate Administrator a notice substantially in the form of Exhibit M-1G
listing the CitiDirect Login User ID associated with such Excluded Controlling Class Holder and directing the Certificate
Administrator to restrict such Excluded Controlling Class Holder’s access to the Certificate Administrator’s Website
as and to the extent provided in this Agreement. Upon confirmation from the Certificate Administrator that such access has been
restricted, such Excluded Controlling Class Holder shall submit a new investor certification substantially in the form of Exhibit
M-1C (which certification shall include, among other things, an acknowledgement and agreement by such Excluded Controlling
Class Holder that it is prohibited from accessing and reviewing (and it agrees not to access and review) any Excluded Information
with respect to any Excluded Controlling Class Mortgage Loans for which it is a Borrower Party) to access the information on the
Certificate Administrator’s Website, except that such Excluded Controlling Class Holder shall not be entitled to access
any Excluded Information related to any Excluded Controlling Class Mortgage Loan(s) (unless a loan-by-loan segregation is later
performed by the Certificate Administrator in which case such access shall only be prohibited with respect to the Excluded Controlling
Class Mortgage Loan(s) for which such Person is a Borrower Party) made available on the Certificate Administrator’s Website.
Any Excluded Information relating to an Excluded Controlling Class Mortgage Loan that the Master Servicer, the Special Servicer
or the Operating Advisor identifies and delivers to the Certificate Administrator for posting to the Certificate Administrator’s
Website shall be delivered to the Certificate Administrator via email to loandata@citi.com in one or more separate files
labeled “Excluded Information” followed by the applicable loan name and loan number, and the Certificate Administrator
shall segregate on the Certificate Administrator’s Website such Excluded Information on a separate excluded loan tab on
the Certificate Administrator’s website (and, if possible at a later time, on a loan-by-loan basis). Notwithstanding anything
herein to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor and the Certificate Administrator
shall be entitled to conclusively assume that the Controlling Class Representative and all Controlling Class Certificateholders
are not Excluded Controlling Class Holders except to the extent that the Master Servicer, the Special Servicer, the Operating
Advisor or the Certificate Administrator, as applicable, has received notice from the Controlling Class Representative or a Controlling
Class Certificateholder that it has become an Excluded Controlling Class Holder. None of the Master Servicer, the Special Servicer,
the Operating Advisor or the Certificate Administrator shall be liable for any communication to the Controlling Class Representative
or Controlling Class Certificateholder or disclosure of Excluded Information if the Master Servicer, the Special Servicer, the
Operating Advisor or the Certificate Administrator, as applicable, did not receive prior written notice that the related Mortgage
Loan is an Excluded Controlling Class Mortgage Loan (including, in the case of the summary of any Asset Status Report or the summary
of any Final Asset Status Report delivered to the Certificate Administrator for posting to the Certificate Administrator’s
Website and/or any failure to label any such information provided to the Certificate Administrator).

 

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Each
of the Master Servicer, the Special Servicer, the Operating Advisor and the Certificate Administrator shall be entitled to conclusively
rely on any certification delivered by the Controlling Class Representative or a Controlling Class Certificateholder, as applicable,
substantially in the form of Exhibit M-1B to the effect that such Person is no longer an Excluded Controlling Class Holder.
To the extent the Controlling Class Representative or a Controlling Class Certificateholder receives access pursuant to this Agreement
to any Excluded Information with respect to a related Excluded Controlling Class Mortgage Loan on the Certificate Administrator’s
Website or otherwise receives access to such Excluded Information, such Controlling Class Representative or Controlling Class
Certificateholder shall be deemed to have agreed that it (i) will not directly or indirectly provide any information related to
the Excluded Controlling Class Mortgage Loan to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C)
any employees or personnel of such Controlling Class Representative or Controlling Class Certificateholder, (D) any Affiliate
involved in the management of any investment in any related Borrower Party or the related Mortgaged Property or (E) to its actual
knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any related Borrower Party, and (ii) will maintain
sufficient internal controls and appropriate policies and procedures in place in order to comply with the obligations described
in clause (i) above.

 

[To
the extent a Risk Retention Consultation Party or a Holder of any Class VRR Certificate receives access pursuant to this Agreement
to any information relating to an Excluded RRCP Mortgage Loan (or a Mortgage Loan with respect to which such Holder is a Borrower
Party) and/or the related Mortgaged Property (which shall include any Major Decision Reporting Package, Asset Status Reports,
Final Asset Status Reports (or summaries thereof), inspection reports related to Specially Serviced Loans conducted by the Special
Servicer or any Excluded Mortgage Loan Special Servicer and which may include any Operating Advisor reports delivered to the Certificate
Administrator regarding the Special Servicer’s net present value determination, Collateral Deficiency Amount determination
or any Appraisal Reduction Amount calculations, and any Officer’s Certificates delivered by the Trustee, the Master Servicer
or the Special Servicer, supporting any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, but
in each case other than information with respect to such Mortgage Loan that is aggregated with information of other Mortgage Loans
at a pool level), whether on the Certificate Administrator’s Website or otherwise, such Risk Retention Consultation Party
or such Holder of a Class VRR Certificate, as applicable, shall be deemed to have agreed that it (i) will not provide any such
information to (A) the related Borrower Party, (B) any employees or personnel of such Risk Retention Consultation Party or such
Holder of a Class VRR Certificate or any of its Affiliates involved in the management of any investment in the related Borrower
Party or the related Mortgaged Property or (C) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership
interest in the related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures
in order to comply with the limitations described in clause (i) above. For the avoidance of doubt, any file or report contained
in the CREFC® Investor Reporting Package (CREFC® IRP) (other than the CREFC® Special
Servicer Loan File relating to any such Excluded Mortgage Loan) shall be considered information that is aggregated with information
of other Mortgage Loans at a pool level. Notwithstanding anything to the contrary in this Agreement, a Risk Retention Consultation
Party will be permitted to share with any Holder of a Class VRR Certificate any

 

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 Major Decision Reporting Package that such Risk
Retention Consultation Party has received in connection with the exercise of its consultation rights pursuant to Section 6.09(a).]1

 

The
Certificate Administrator makes no representations or warranties as to the accuracy or completeness of information provided pursuant
to this Section and assumes no responsibility therefor. In addition, the Certificate Administrator disclaims responsibility for
any information distributed by the Certificate Administrator for which it is not the original source. In connection with providing
access to the Certificate Administrator’s Website, the Certificate Administrator may require registration and acceptance
of a disclaimer and may require a recipient of any of the information set forth above (other than the Public Documents) to execute
a confidentiality agreement (which may be in the form of a web page “click-through”). The Certificate Administrator
shall not be liable for the dissemination of information in accordance with this Agreement. Notwithstanding anything herein to
the contrary, the Certificate Administrator shall not be liable for any disclosure of Excluded Information relating to an Excluded
Controlling Class Mortgage Loan to the extent such information was included in the summary of any Asset Status Report or the summary
of any Final Asset Status Report delivered to the Certificate Administrator for posting to the Certificate Administrator’s
Website and not properly identified as relating to an Excluded Controlling Class Mortgage Loan.

 

The
Certificate Administrator shall have no liability for access by an Excluded Controlling Class Holder to the Certificate Administrator’s
website of any information with respect to which such Excluded Controlling Class Holder is prohibited from accessing pursuant
to this Agreement if such Excluded Controlling Class Holder provided an Investor Certification but did not indicate it was a Borrower
Party.

 

The
Certificate Administrator shall provide assistance in using the Certificate Administrator’s Website through the Certificate
Administrator’s customer service desk at telephone number [telephone number].

 

The
Certificate Administrator may provide such information through means other than (and in lieu of) the Certificate Administrator’s
Website; provided that (i) the Depositor shall have consented to such alternative means and (ii) Certificateholders and
each of the Serviced Companion Loan Holders shall have received notice of such alternative means (which notice may be given via
the Certificate Administrator’s Website).

 

Any
Person that is a Mortgagor, a Manager of a Mortgaged Property, an Affiliate of the foregoing, or an agent of any Mortgagor shall
be entitled to access only the Prospectus, Distribution Date Statements, this Agreement, the Mortgage Loan Purchase Agreements
and the Commission EDGAR filings on the Certificate Administrator’s Website which are being made available to the general
public. The provisions in this Section shall not limit the Master Servicer’s ability to make accessible certain information
regarding the Mortgage Loans at a website maintained by the Master Servicer.

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

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Within
a reasonable period of time after the end of each calendar year, [upon request,] the Certificate Administrator shall furnish to
each Person who at any time during the calendar year was a Holder of a Certificate and requests in writing a statement containing
the information as to the applicable Class set forth in clauses (A), (B) and (C) of the description of Distribution Date Statements
above aggregated for such calendar year or applicable portion thereof during which such person was a Certificateholder, together
with such other information as the Certificate Administrator deems necessary or desirable, or that a Certificateholder or Certificate
Owner reasonably requests, to enable Certificateholders to prepare their tax returns for such calendar year. Such obligation of
the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall
be provided by the Certificate Administrator pursuant to any requirements of the Code as from time to time are in force.

 

The
Certificate Administrator shall make available, only to Privileged Persons, the Investor Q&A Forum. The “Investor
Q&A Forum” shall be a service available on the Certificate Administrator’s Website, where Certificateholders
and Certificate Owners that are Privileged Persons may submit questions to (a) the Certificate Administrator relating to the Distribution
Date Statements, (b) the Master Servicer or the Special Servicer, as applicable, relating to the servicing reports prepared by
that party and being made available pursuant to this Section 4.02(a), the Mortgage Loans (excluding the Outside Serviced
Mortgage Loans) or the related Mortgaged Properties or (c) the Operating Advisor relating to the Operating Advisor Annual Reports
or other reports prepared by the Operating Advisor or actions by the Special Servicer referenced in such reports (collectively,
“Inquiries”), and (ii) Privileged Persons may view Inquiries that have been previously submitted and answered,
together with the answers thereto. Upon receipt of an Inquiry for the Operating Advisor, the Master Servicer or the Special Servicer,
as applicable, the Certificate Administrator shall forward the Inquiry to the appropriate Person and, in the case of an inquiry
relating to an Outside Serviced Mortgage Loan, to the applicable party under the related Outside Servicing Agreement, in each
case within a commercially reasonable period following receipt thereof.

 

Within
a commercially reasonable time following receipt of an Inquiry, the Certificate Administrator, the Operating Advisor, the Master
Servicer or the Special Servicer, as applicable, unless it determines not to answer such Inquiry as provided below, shall reply
to the Inquiry, which reply of the Operating Advisor, the Master Servicer or Special Servicer shall be by e-mail to the Certificate
Administrator. In the case of an Inquiry relating to an Outside Serviced Mortgage Loan, the Certificate Administrator shall make
reasonable efforts to obtain an answer from the related Outside Servicer or the related Outside Special Servicer, as applicable;
provided that the Certificate Administrator shall not be responsible for the content of such answer or any delay or failure
to obtain such answer. The Certificate Administrator shall post (within a commercially reasonable period following preparation
or receipt of such answer, as the case may be) such Inquiry and the related answer to the Certificate Administrator’s Website.
If the Certificate Administrator, the Operating Advisor, the Master Servicer or the Special Servicer determines, in its respective
sole discretion, that (i) any Inquiry is beyond the scope of the topics described above, (ii) answering any Inquiry would not
be in the best interests of the Trust and/or the Certificateholders, (iii) answering any Inquiry would be in violation of applicable
law, this Agreement (including requirements in respect of non-disclosure of Privileged Information) or the applicable Loan Documents,
(iv) answering any Inquiry would materially increase the duties of,

 

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 or result in significant additional cost or expense to, the
Certificate Administrator, the Operating Advisor, the Master Servicer or the Special Servicer, as applicable, (v) answering any
Inquiry would require the disclosure of Privileged Information (subject to the Privileged Information Exception) or (vi) answering
any Inquiry is otherwise, for any reason, not advisable, then it shall not be required to answer such Inquiry and, in the case
of the Operating Advisor, the Master Servicer or the Special Servicer, shall promptly notify the Certificate Administrator of
such determination. In addition, no party shall post or otherwise disclose any direct communications with the Directing Holder
[or any Risk Retention Consultation Party (in its capacity as a Risk Retention Consultation Party)]1 as part of
its response to any Inquiries. The Certificate Administrator shall notify the Person who submitted such Inquiry in the event that
the Inquiry will not be answered. The Certificate Administrator shall not be required to post to the Certificate Administrator’s
Website any Inquiry or answer thereto that the Certificate Administrator determines, in its sole discretion, is administrative
or ministerial in nature. The Investor Q&A Forum will not reflect questions, answers and other communications which are not
submitted via the Certificate Administrator’s Website. Answers posted on the Investor Q&A Forum shall be attributable
only to the respondent, and shall not be deemed to be answers from any of the Depositor, the Underwriters, the Initial Purchasers
or any of their respective Affiliates. None of the Underwriters, Initial Purchasers, Depositor, any of their respective affiliates
or any other person will certify as to the accuracy of any of the information posted in the Investor Q&A Forum and no such
person will have any responsibility or liability for the content of any such information. No party to this Agreement shall disclose
Privileged Information in the Investor Q&A Forum.

 

The
Certificate Administrator shall make available to any Certificateholder and Certificate Owner (other than a Mortgagor, a Manager
of a Mortgaged Property, an Affiliate of any of the foregoing or an agent of any Mortgagor), the Investor Registry. The “Investor
Registry” shall be a voluntary service available on the Certificate Administrator’s Website, where Certificateholders
and Certificate Owners can register and thereafter obtain information with respect to any other Certificateholder or Certificate
Owner that has so registered. Any person registering to use the Investor Registry will be required to certify that (a) it is a
Certificateholder or a Certificate Owner and (b) it grants authorization to the Certificate Administrator to make its name and
contact information available on the Investor Registry for at least 45 days from the date of such certification to other registered
Certificateholders and registered Certificate Owners. Such Person shall then be asked to enter certain mandatory fields such as
the individual’s name, the company name and e-mail address, as well as certain optional fields such as address, phone, and
Class(es) of Certificates owned. If any Certificateholder or Certificate Owner notifies the Certificate Administrator that it
wishes to be removed from the Investor Registry (which notice may not be within 45 days of its registration), the Certificate
Administrator shall promptly remove it from the Investor Registry. The Certificate Administrator will not be responsible for verifying
or validating any information submitted on the Investor Registry, or for monitoring or otherwise maintaining the accuracy of any
information thereon. The Certificate Administrator may require acceptance of a waiver and disclaimer for access to the Investor
Registry.

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -327- 

     

    

 

Notwithstanding
the foregoing, in no event shall any provision of this Agreement be construed to require the Master Servicer, the Special Servicer
or the Certificate Administrator to produce any ad hoc or non-standard written reports (in addition to the CREFC®
reports, inspection reports, reports required under each Co-Lender Agreement and other specific periodic reports otherwise required).
If the Master Servicer, the Special Servicer or the Certificate Administrator elects to provide any ad hoc or non-standard reports,
it may require the Person requesting such report to pay a reasonable fee to cover the costs of the preparation thereof.

 

Upon
filing with the IRS, the Certificate Administrator shall furnish to the Holders of the Class [R] Certificates the IRS Form 1066
for each Trust REMIC and shall furnish their respective Schedules Q thereto at the times required by the Code or the IRS, and
shall provide from time to time such information and computations with respect to the entries on such forms as any Holder of the
Class [R] Certificates may reasonably request.

 

The
specification of information to be furnished by the Certificate Administrator in this Section 4.02 (and any other terms
of this Agreement requiring or calling for delivery or reporting of information by the Certificate Administrator to Certificateholders
and Certificate Owners) shall not limit the Certificate Administrator in furnishing, and the Certificate Administrator is hereby
authorized to furnish, to any Privileged Person any other information (such other information, collectively, “Additional
Information”) with respect to the Mortgage Loans or Serviced Loan Combination, the Mortgaged Properties or the Trust
Fund as may be provided to it by the Depositor, the Master Servicer or the Special Servicer or gathered by it in any investigation
or other manner from time to time, provided that (A) while there exists any Servicer Termination Event, any such Additional
Information shall only be furnished with the consent or at the request of the Depositor (except pursuant to clause (E) below or
to the extent such information is requested by a Certifying Certificateholder), (B) the Certificate Administrator shall be entitled
to indicate the source of all information furnished by it, and the Certificate Administrator may affix thereto any disclaimer
it deems appropriate in its sole discretion (together with any warnings as to the confidential nature and/or the uses of such
information as it may, in its sole discretion, determine appropriate), (C) the Certificate Administrator may notify any Privileged
Person of the availability of any such information in any manner as it, in its sole discretion, may determine, (D) the Certificate
Administrator shall be entitled (but not obligated) to require payment from each recipient of a reasonable fee for, and its out-of-pocket
expenses incurred in connection with, the collection, assembly, reproduction or delivery of any such Additional Information, and
(E) the Certificate Administrator shall be entitled to distribute or make available such Additional Information in accordance
with such reasonable rules and procedures as it may deem necessary or appropriate (which may include the requirement that an agreement
that provides such information shall be used solely for purposes of evaluating the investment characteristics or valuation of
the Certificates be executed by the recipient, if and to the extent the Certificate Administrator deems the same to be necessary
or appropriate). Nothing herein shall be construed to impose upon the Certificate Administrator any obligation or duty to furnish
or distribute any Additional Information to any Person in any instance, and the Certificate Administrator shall neither have any
liability for furnishing nor for refraining from furnishing Additional Information in any instance. The Certificate Administrator
shall be entitled (but not required) to request and receive direction from the Depositor as to the manner of delivery of any such
Additional Information, if and to the extent the Certificate

 

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 Administrator deems necessary or advisable, and to require that any
consent, direction or request given to it pursuant to this Section be made in writing.

 

The
Depositor hereby authorizes the Certificate Administrator to, and the Certificate Administrator shall, make available to [Bloomberg,
L.P., Trepp, LLC, Intex Solutions, Inc., BlackRock Financial Management, Inc., Markit Group Limited, CMBS.com Inc.] or such other
vendor chosen by the Depositor that submits to the Certificate Administrator a certification in the form of Exhibit M-3
to this Agreement, all the Distribution Date Statements, CREFC® reports and supplemental notices delivered or made
available pursuant to this Section 4.02(a) to Privileged Persons.

 

(b)          No
later than the Business Day prior to each Distribution Date, subject to the third from last paragraph of this subsection (b),
the Master Servicer shall deliver or cause to be delivered to the Certificate Administrator, the Operating Advisor and the Special
Servicer in electronic form mutually acceptable to the Certificate Administrator, the Operating Advisor, the Special Servicer
and the Master Servicer the following reports or information (and any other files as may be, or have been, adopted and promulgated
by CREFC® as part of the CREFC® Investor Reporting Package (IRP) from time to time): (1) a CREFC®
REO Status Report, (2) a CREFC® Historical Loan Modification/Forbearance and Corrected Mortgage Loan Report,
(3) CREFC® Total Loan Report, (4) the CREFC® Servicer Watch List/Portfolio Review Guidelines, (5)
the CREFC® Financial File, (6) the CREFC® Property File, (7) except for the first two Distribution
Dates, the CREFC® Comparative Financial Status Report, (8) the CREFC® Loan Level Reserve/LOC Report,
(9) the CREFC® Advance Recovery Report and (10) the CREFC® Delinquent Loan Status Report.

 

With
respect to each Serviced Companion Loan that is held by an Other Securitization Trust, the Master Servicer shall deliver or cause
to be delivered to the related Other Servicer all reports required to be delivered by the Master Servicer to the Certificate Administrator
pursuant to this Section 4.02(b) (which shall include all loan-level reports constituting the CREFC® Investor Reporting
Package (IRP)), to the extent related to such Serviced Companion Loan, the related Mortgaged Property or the related Mortgage
Note, no later than the earlier of (x) the Master Servicer Remittance Date and (y) the Business Day immediately following the
“determination date” (or analogous concept) set forth in the related Other Pooling and Servicing Agreement.

 

No
later than the Business Day prior to each Distribution Date except for the first two Distribution Dates, the Master Servicer shall
deliver to the Certificate Administrator and the Operating Advisor (by electronic means) the CREFC® Comparative
Financial Status Report for each Mortgage Loan or related Mortgaged Property as of the Determination Date immediately preceding
the preparation of such report for each of the following three periods (but only to the extent the related Mortgagor is required
by the Mortgage to deliver and does deliver, or otherwise agrees to provide and does provide, such information): (a) the most
current available year-to-date; (b) each of the previous two full fiscal years stated separately (to the extent such information
is in the Master Servicer’s possession); and (c) the “base year” (representing the original analysis of information
used as of the Cut-Off Date).

 

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The
Master Servicer shall provide to the Certificate Administrator the CREFC® Loan Setup File no later than 4:00 p.m.
on the third Business Day before the first Distribution Date to the extent it has received from the Mortgage Loan Sellers one
or more spreadsheets (with the data fields filled) containing the data necessary for the completion of the aggregate pool-wide
CREFC® Loan Setup File.

 

No
later than 2:00 p.m., New York City time, on the second Business Day prior to each Distribution Date, the Master Servicer shall
deliver to the Certificate Administrator (i) a CREFC® Loan Periodic Update File setting forth certain information
with respect to the Mortgage Loans and Mortgaged Properties and (ii) the CREFC® Appraisal Reduction Template, to the extent
received, or prepared pursuant to Section 3.10(a) of this Agreement, by the Master Servicer.

 

The
Master Servicer shall prepare the initial CREFC® Financial File and the initial CREFC® Loan Periodic
Update File based on the initial data with respect to each Mortgage Loan provided by the Mortgage Loan Sellers pursuant to the
respective Mortgage Loan Purchase Agreements.

 

Not
later than 5:00 p.m. (New York City time) on each Distribution Date beginning [_________], the Master Servicer shall deliver to
the Certificate Administrator and the Depositor (in the case of the Depositor, to the Depositor’s email addresses set forth
in Section 12.04 together with the name, phone number and email address of the servicing officer of the Master Servicer
to contact with any questions related to the CREFC® Schedule AL File and the Schedule AL Additional File) a single
CREFC® Schedule AL File (with respect to each Mortgage Loan that was part of the Mortgage Pool during any portion
of the related reporting period covered by the Form 10-D required to be filed with respect to the subject Distribution Date pursuant
to Section 10.04) and the related Schedule AL Additional File, in each case, in EDGAR-Compatible Format and Excel format;
provided, however, that the Master Servicer shall have no obligation to prepare or deliver the CREFC® Schedule
AL File or the Schedule AL Additional File unless and until the Master Servicer receives the Initial Schedule AL File and the
Initial Schedule AL Additional File from the Depositor in EDGAR-Compatible Format and Excel format; and provided, further,
that, if the Master Servicer has not received the Initial Schedule AL File and the Initial Schedule AL Additional File from the
Depositor prior to the time it would need the Initial Schedule AL File and the Initial Schedule AL Additional File in order for
the Master Servicer to prepare the CREFC® Schedule AL File with respect to the first Distribution Date, the Master
Servicer shall request the Initial Schedule AL File and the Initial Schedule AL Additional File from the Depositor, including
by email to the email addresses for the Depositor set forth in Section 12.04. If the CREFC® Schedule AL
File is not provided by the Master Servicer to the Certificate Administrator by 5:00 p.m. (New York City time) on any Distribution
Date, the Certificate Administrator shall notify the Depositor in writing and also request such CREFC® Schedule
AL File from the Master Servicer via email to [___________________]. The Master Servicer shall be entitled to conclusively rely,
absent manifest error, without any due diligence, investigation or verification, on the content, completeness and accuracy of
the Initial Schedule AL File and the Initial Schedule AL Additional File, in each case, as of the Closing Date. Any Schedule AL
Additional File that the Master Servicer determines, in accordance with the Servicing Standard, to deliver in connection with
any CREFC® Schedule AL File prepared by the Master Servicer pursuant to this paragraph 

 

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shall be delivered in EDGAR-Compatible
Format and in Excel format to the Certificate Administrator concurrently with the delivery of the related CREFC®
Schedule AL File. With respect to each Outside Serviced Mortgage Loan, the Master Servicer shall include the analogous CREFC®
Schedule AL File and/or Schedule AL Additional File, as applicable, information that it receives from the related Outside
Servicer under the applicable Outside Servicing Agreement in the single CREFC® Schedule AL File and/or Schedule
AL Additional File, as applicable, that it delivers to the Certificate Administrator for the subject Distribution Date.

 

The
Master Servicer shall provide to the Certificate Administrator and the Operating Advisor the CREFC® Loan Setup
File within 60 days of the first Distribution Date hereunder to the extent it has received from the Mortgage Loan Sellers one
or more spreadsheets (with the data fields filled) containing the data necessary for the completion of the aggregate pool-wide
CREFC® Loan Setup File.

 

In
addition, the Master Servicer (with respect to Performing Serviced Loans) or Special Servicer (with respect to Specially Serviced
Loans and REO Properties), as applicable, shall prepare the following with respect to each Mortgaged Property and REO Property,
in each case other than with respect to any Outside Serviced Mortgage Loan:

 

(i)   
       Within 30 days after receipt of a quarterly operating statement, if any, for each
calendar quarter, commencing with respect to the calendar quarter ending [date],
a CREFC® Operating Statement Analysis Report (but only to the extent the related Mortgagor is required by the
related Loan Documents to deliver and does deliver, or otherwise agrees to provide and does provide, such information) for
such Mortgaged Property or REO Property as of the end of such calendar quarter; provided, however, that any
analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in
the then current applicable CREFC® guidelines (it being understood that as of the Closing Date, the applicable CREFC®
guidelines provide that such analysis or report with respect to the first calendar quarter (in each year) is not required for
a Mortgaged Property unless such Mortgaged Property is analyzed on a trailing 12-month basis, or if the related Serviced
Mortgage Loan is on the CREFC® Servicer Watch List). with respect to Performing Serviced Loans) or Special Servicer (with
respect to Specially Serviced Loans and REO Properties) as applicable, shall deliver to the Certificate Administrator, the
Operating Advisor and each related Serviced Companion Loan Holder (or the master servicer or special servicer for the related
Other Securitization Trust on its behalf) by electronic means the CREFC® Operating Statement Analysis Report
upon request; and

 

(ii)          Within
30 days after receipt by the Special Servicer (with respect to Specially Serviced Loans and REO Properties) or the Master Servicer
(with respect to Performing Serviced Loans) of any annual operating statement for rent rolls, commencing with respect to the calendar
year ending [date], a CREFC® NOI Adjustment Worksheet (but only
to the extent the related Mortgagor is required by the related Loan Documents to deliver and does deliver, or otherwise agrees
to provide and does provide, such information), presenting the computation to “normalize” the full year net operating
income and debt service coverage numbers used by the Master Servicer in preparing the CREFC® Comparative Financial
Status Report above. The Special Servicer 

 

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or the Master Servicer shall deliver to the Certificate Administrator, the Operating
Advisor and each related Serviced Companion Loan Holder (or the master servicer or special servicer for the related Other Securitization
Trust on its behalf) by electronic means the CREFC® NOI Adjustment Worksheet upon request.

 

Notwithstanding
anything to the contrary contained herein, with respect to any Serviced Loan related to any Significant Obligor, the Master Servicer
(with respect to Performing Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans and REO Properties)
shall be required to complete (and, in the case of the Special Servicer, to deliver to the Master Servicer) any CREFC files, reports
and/or templates necessary in order to comply with (or, in the case of the Special Servicer, to facilitate compliance with) the
Master Servicer’s obligations under Section 10.11 of this Agreement and the Exchange Act filing obligations of the
Depositor and/or any Other Depositor, as applicable, with respect to such Significant Obligor

 

The
Certificate Administrator shall deliver or shall cause to be delivered, upon request, to the Rule 17g-5 Information Provider (for
posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement), to each Certificateholder,
to each party hereto, to any Underwriter and/or to any Initial Purchaser and to each Person that provides the Certificate Administrator
with an Investor Certification a copy of the CREFC® Operating Statement Analysis Report and CREFC®
NOI Adjustment Worksheet most recently performed by the Master Servicer with respect to any Mortgage Loan or Serviced Loan Combination
and delivered to the Certificate Administrator.

 

Upon
request (and in any event, not more frequently than once per month), the Master Servicer shall forward to the Certificate Administrator
(as to the Collection Account), the Operating Advisor, any related Serviced Companion Loan Holder or the master servicer or special
servicer for the related Other Securitization Trust on its behalf (as to the related Loan Combination Custodial Account) and,
for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 11.13 of this Agreement, the Rule
17g-5 Information Provider a statement, setting forth the status of the Collection Account and each Loan Combination Custodial
Account as of the close of business on such Master Servicer Remittance Date, stating that all remittances to the Certificate Administrator
required by this Agreement to be made by the Master Servicer have been made (or, in the case of any such required remittance that
has not been made by the Master Servicer, specifying the nature and status thereof) and showing, for the period from the preceding
Master Servicer Remittance Date (or, in the case of the first Master Servicer Remittance Date, from the Cut-Off Date) to such
Master Servicer Remittance Date, the aggregate of deposits into and withdrawals from the Collection Account and each Loan Combination
Custodial Account for each category of deposit specified in Section 3.05(a) of this Agreement and each category of withdrawal
specified in Section 3.06 of this Agreement. The Master Servicer shall also deliver to the Certificate Administrator and
(solely as to a Serviced Loan Combination) the related Serviced Companion Loan Holder, upon reasonable request of the Certificate
Administrator or any Serviced Companion Loan Holder, any and all additional information relating to the Mortgage Loans or Serviced
Loan Combinations in the possession of the Master Servicer (which information shall be based upon reports delivered to the Master
Servicer by the Special Servicer with respect to Specially Serviced Loans and REO Properties).

 

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Further,
the Master Servicer shall cooperate with the Special Servicer and provide the Special Servicer with the information in the possession
of the Master Servicer reasonably requested by the Special Servicer, in writing, to the extent required to allow the Special Servicer
to perform its obligations under this Agreement with respect to those Mortgage Loans serviced by the Master Servicer.

 

The
obligation of the Master Servicer to deliver the reports required to be delivered by it pursuant to this subsection is subject
to the Master Servicer having received from the Special Servicer in a timely manner the related reports and information in the
possession of the Special Servicer necessary or required to enable the Master Servicer to prepare and deliver such reports. The
Master Servicer shall not be responsible for the accuracy or content of any report, document or information furnished by the Special
Servicer to the Master Servicer pursuant to this Agreement and accepted by the Master Servicer in good faith pursuant to this
Agreement.

 

The
obligation of the Special Servicer to deliver the reports required to be delivered by it pursuant to this subsection is subject
to the Special Servicer having received from the Master Servicer in a timely manner the related reports and information in the
possession of the Master Servicer necessary or required to enable the Special Servicer to prepare and deliver such reports. The
Special Servicer shall not be responsible for the accuracy or content of any report, document or information furnished by the
Master Servicer to the Special Servicer pursuant to this Agreement and accepted by the Special Servicer in good faith pursuant
to this Agreement.

 

With
respect to an Outside Serviced Mortgage Loan, the Master Servicer shall deliver information comparable to the above-described
information to the same Persons as described above in this Section 4.02(b) and according to the same time frames as described
above in this Section 4.02(b), with reasonable promptness following such Master Servicer’s receipt of such information
from the related Outside Servicer under the applicable Outside Servicing Agreement.

 

(c)          Not
later than 5:00 p.m. New York time on each Determination Date, the Special Servicer shall forward to the Master Servicer, for
each Specially Serviced Loan and REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), a CREFC®
Special Servicer Loan File and CREFC® Special Servicer Property File. The Special Servicer shall also deliver
to the Certificate Administrator, upon the reasonable written request of the Certificate Administrator, any and all additional
information in the possession of the Special Servicer relating to the Specially Serviced Loans and the REO Properties (other than
an REO Property related to an Outside Serviced Mortgage Loan).

 

The
Special Servicer shall cooperate with the Master Servicer and provide the Master Servicer with the information in the possession
of the Special Servicer reasonably requested by the Master Servicer, in writing, to the extent required to allow the Master Servicer
to perform its obligations under this Agreement with respect to the Specially Serviced Loans and REO Properties (other than an
REO Property related to an Outside Serviced Mortgage Loan).

 

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The
Master Servicer may make available to Privileged Persons copies of any reports or files prepared by the Master Servicer pursuant
to this Agreement. The Master Servicer may make information concerning the Mortgage Loans or Serviced Loan Combination available
on any website that it has established.

 

With
respect to an Outside Serviced Mortgage Loan, the Master Servicer shall deliver information comparable to the above-described
information to the extent received from the related Outside Servicer or the related Outside Special Servicer, as applicable, to
the same Persons as described above in this Section 4.02(c) and according to the same time frames as described above in
this Section 4.02(c), with reasonable promptness following such Master Servicer’s receipt of such information from
the related Outside Servicer under the related Outside Servicing Agreement.

 

Upon
the reasonable request of (i) any Certificateholder or Certificate Owner that has delivered an appropriate Investor Certification
or (ii) any other Privileged Person so identified by a Certificate Owner or an Underwriter, the Master Servicer shall provide
(or forward electronically) at the expense of such Privileged Person, Certificateholder or Certificate Owner, as applicable, copies
of any appraisals, operating statements, rent rolls and financial statements obtained by the Master Servicer; provided that in
no event shall an Excluded Controlling Class Holder be entitled to Excluded Information with respect to an Excluded Controlling
Class Mortgage Loan with respect to which it is a Borrower Party; and provided, further, that no Certificateholders or Certificate
Owners shall be given access to or be provided copies of, any Mortgage Files or Diligence Files except, solely with respect to
Mortgage Files, as otherwise provided in Section 8.11(b) of this Agreement. In connection with such request, the Master
Servicer may require (1) a written confirmation executed by the requesting Person substantially in such form as may be reasonably
acceptable to the Master Servicer, generally to the effect that (a) such Person will keep such information confidential and will
use such information only for the purpose of analyzing asset performance and evaluating any continuing rights the Certificateholder
or Certificate Owner may have under this Agreement and (b) if the requesting party is neither a Certificateholder nor a Certificate
Owner, such Person is Privileged Person, and (2) payment of a sum sufficient to cover the reasonable costs and expenses of providing
copies of such reports or information (which amounts in any event are not reimbursable as Additional Trust Fund Expenses), except
that, other than for extraordinary or duplicate requests, the Directing Holder (but, in the case of the Controlling Class Representative,
only if a Consultation Termination Event does not exist) will be entitled to reports and information free of charge. For the avoidance
of doubt, the Master Servicer shall not make any Asset Status Reports or Final Asset Status Reports available to any Certificateholders
or Certificate Owners on its website. None of the parties to this Agreement shall provide any Asset Status Report or any Final
Asset Status Report to the Certificate Administrator (provided that the Special Servicer shall provide a summary of each
Final Asset Status Report to the Certificate Administrator pursuant to Section 3.21(b)). If the Certificate Administrator
receives any Asset Status Report or any Final Asset Status Report, the Certificate Administrator shall not provide any such Asset
Status Report or any Final Asset Status Report to any Certificateholder or Certificate Owners and shall not post any such Asset
Status Report or any Final Asset Status Report to the Certificate Administrator’s Website.

 

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(d)          The
Master Servicer shall withdraw from the Collection Account and pay the CREFC® Intellectual Property Royalty License
Fee to CREFC® in accordance with Section 3.06(a)(vi) on a monthly basis, from funds on deposit in the Collection
Account.

 

(e)          Upon
the reasonable request of the Controlling Class Representative or any Controlling Class Certificateholder that, in either case,
is an Excluded Controlling Class Holder with respect to any Excluded Controlling Class Mortgage Loan identified to the Master
Servicer’s (in the case of a Performing Serviced Loan) or the Special Servicer’s (in the case of a Specially Serviced
Loan) reasonable satisfaction (at the expense of the Controlling Class Representative or such Controlling Class Certificateholder)
and if such information is in the Master Servicer’s or Special Servicer’s possession, as applicable, the Master Servicer
or Special Servicer, shall provide or make available (or forward electronically) to the Controlling Class Representative or such
Controlling Class Certificateholder, as applicable, (at the expense of the Controlling Class Representative or such Controlling
Class Certificateholder, as applicable) any Excluded Information (available to Privileged Persons through the Certificate Administrator’s
Website but not accessible to the Controlling Class Representative or such Controlling Class Certificateholder, as applicable,
through the Certificate Administrator’s Website because the Controlling Class Representative or such Controlling Class Certificateholder,
as applicable, is an Excluded Controlling Class Holder with respect to another Excluded Controlling Class Mortgage Loan) relating
to any Excluded Controlling Class Mortgage Loan with respect to which the Controlling Class Representative or such Controlling
Class Certificateholder, as applicable, is not a Borrower Party; provided that, in connection therewith, the Master Servicer
or Special Servicer may require a written confirmation executed by the requesting Person substantially in such form as may be
reasonably acceptable to the Master Servicer or Special Servicer, generally to the effect that such Person is the Controlling
Class Representative or a Controlling Class Certificateholder, will keep such Excluded Information confidential and is not a Borrower
Party, upon which the Master Servicer or Special Servicer may conclusively rely. In addition, the Master Servicer and the Special
Servicer shall be entitled to conclusively rely on delivery from the Controlling Class Representative or a Controlling Class Certificateholder,
as applicable, of an Investor Certification substantially in the form of Exhibit M-1C that such Controlling Class Representative
or Controlling Class Certificateholder is not an Excluded Controlling Class Holder with respect to a particular Mortgage Loan.
For the avoidance of doubt, the Special Servicer referenced in this Section 4.02(e) shall include any applicable Excluded
Mortgage Loan Special Servicer with respect to the related Excluded Special Servicer Mortgage Loan(s).

 

Section
4.03     Compliance With Withholding Requirements.

 

(a)          Notwithstanding
any other provision of this Agreement, the Paying Agent shall comply with all federal withholding requirements with respect to
payments to Certificateholders of interest or original issue discount that the Paying Agent reasonably believes are applicable
under the Code. The consent of Certificateholders shall not be required for any such withholding. In the event the Paying Agent
or its agent withholds any amount from interest or original issue discount payments or advances thereof to any Certificateholder
pursuant to federal withholding requirements, the Paying Agent shall indicate the amount withheld to such Certificateholder. Any
amount so withheld shall be treated as having been distributed to such Certificateholder for all purposes of this Agreement.

 

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(b)          Each
Certificate Owner and Certificateholder, by the purchase of a Certificate or its acceptance of a beneficial interest therein,
acknowledges that interest on the Certificates will be treated as United States source interest, and, as such, United States withholding
tax may apply. Each such Certificate Owner and Certificateholder further agrees, upon request, to provide any certifications that
may be required under applicable law, regulations or procedures to evidence its status for United States withholding tax purposes
and understands that if it ceases to satisfy the foregoing requirements or provide requested documentation, payments to it under
the Certificates may be subject to United States withholding tax (without any corresponding gross-up). Without limiting the foregoing,
if a payment made under this Agreement would be subject to United States federal withholding tax imposed by FATCA if the recipient
of such payment were to fail to comply with FATCA (including the requirements of Code Sections 1471(b) or 1472(b), as applicable),
such recipient shall deliver to the Paying Agent, with a copy to each of the Trustee and the Certificate Administrator, at the
time or times prescribed by the Code and at such time or times reasonably requested by the Paying Agent or the Trustee, such documentation
prescribed by the Code (including as prescribed by Code Section 1471(b)(3)(C)(i)) and such additional documentation reasonably
requested by the Paying Agent, the Trustee or the Certificate Administrator to comply with their respective obligations under
FATCA, to determine that such recipient has complied with such recipient’s obligations under FATCA, or to determine the
amount to deduct and withhold from such payment. For these purposes, “FATCA” means Section 1471 through 1474
of the Code and any regulations or official interpretations thereof (including any revenue ruling, revenue procedure, notice or
similar guidance issued by the U.S. Internal Revenue Service thereunder as a precondition to relief or exemption from taxes under
such Sections, regulations and interpretations), any agreements entered into pursuant to Code Section 1471(b)(1), and including
any amendments made to FATCA after the date of this Agreement.

 

Section
4.04     REMIC Compliance.

 

(a)          The
parties intend that each Trust REMIC shall constitute, and that the affairs of each Trust REMIC shall be conducted so as to qualify
it as, a “real estate mortgage investment conduit” as defined in, and in accordance with, the REMIC Provisions, and
the provisions hereof shall be interpreted consistently with this intention. In furtherance of such intention, the Certificate
Administrator shall, to the extent permitted by applicable law, act as agent, and is hereby appointed to act as agent, of each
Trust REMIC and shall on behalf of each Trust REMIC: (i) prepare, timely deliver to the Trustee for execution (and the Trustee
shall timely execute) and file, or cause to be prepared and filed, all required Tax Returns for each Trust REMIC, using a calendar
year as the taxable year for each Trust REMIC when and as required by the REMIC Provisions and other applicable federal, state
or local income tax laws; (ii) make an election, on behalf of each Trust REMIC, to be treated as a REMIC on IRS Form 1066 for
its first taxable year ending December 31, 20[__], in accordance with the REMIC Provisions; (iii) prepare and forward, or cause
to be prepared and forwarded, to the Certificateholders (other than the Holders of the Excess Interest Certificates) and the IRS
and applicable state and local tax authorities all information reports as and when required to be provided to them in accordance
with the REMIC Provisions of the Code; (iv) if the filing or distribution of any documents of an administrative nature not addressed
in clauses (i) through (iii) of this Section 4.04(a) is then required by the REMIC Provisions in order to maintain the
status of each Trust REMIC as a REMIC or is otherwise required by the Code, prepare, sign and

 

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 file or distribute, or cause to
be prepared and signed and filed or distributed, such documents with or to such Persons when and as required by the REMIC Provisions
or the Code or comparable provisions of state and local law; (v) obtain a taxpayer identification number for the Upper-Tier REMIC
and Lower-Tier REMIC on IRS Form SS-4, and, within thirty days of the Closing Date, furnish or cause to be furnished to the IRS,
on IRS Form 8811 or as otherwise may be required by the Code, the name, title and address of the Person that the holders of the
Certificates may contact for tax information relating thereto (and the Certificate Administrator shall act as the representative
of each Trust REMIC for this purpose), together with such additional information as may be required by such IRS Form, and shall
update such information at the time or times and in the manner required by the Code (and the Depositor agrees within 10 Business
Days of the Closing Date to provide any information reasonably requested by the Master Servicer or the Certificate Administrator
and necessary to make such filing); and (vi) maintain such records relating to each Trust REMIC as may be necessary to prepare
the foregoing returns, schedules, statements or information, such records, for federal income tax purposes, to be maintained on
a calendar year and on an accrual basis.

 

The
Certificate Administrator shall be the “partnership representative” of each Trust REMIC (within the meaning of Code
Section 6223, to the extent such provision is applicable to the Trust REMICs). The Certificate Administrator shall make any elections
allowed under the Code (i) to avoid the application of Section 6221 of the Code (or successor provision) to any Trust REMIC and
(ii) to avoid payment by any Trust REMIC under Section 6225 of the Code of any tax, penalty, interest or other amount imposed
under the Code that would otherwise be imposed on any holder of any residual interest of any Trust REMIC, past or present. Each
Holder of a Percentage Interest in the Class R Certificates, by acceptance thereof, is deemed to agree to any such elections and
to the Certificate Administrator’s acting as “partnership representative” of each Trust REMIC that can be designated
under the Code.

 

The
Certificate Administrator shall not intentionally take any action or intentionally omit to take any action within its control
and the scope of its duties if, in taking or omitting to take such action, the Certificate Administrator knows that such action
or omission (as the case may be) would cause the termination of the REMIC status of a Trust REMIC or the imposition of tax on
a Trust REMIC (other than a tax on income expressly permitted or contemplated to be received by the terms of this Agreement).

 

Notwithstanding
any provision of this paragraph or the three preceding paragraphs to the contrary, the Certificate Administrator shall not be
required to take any action that the Certificate Administrator in good faith believes to be inconsistent with any other provision
of this Agreement, nor shall the Certificate Administrator be deemed in violation of this paragraph if it takes any action expressly
required or authorized by any other provision of this Agreement, and the Certificate Administrator shall have no responsibility
or liability with respect to any act or omission of the Depositor or the Master Servicer which does not enable the Certificate
Administrator to comply with any of clauses (i) through (vi) of the third preceding paragraph or which results in any action contemplated
by clauses (i) through (iii) of the next succeeding sentence. In this regard the Certificate Administrator shall (i) not allow
the occurrence of any “prohibited transactions” within the meaning of Code Section 860F(a), unless the party seeking
such action shall have delivered to the Certificate Administrator an Opinion of Counsel (at such party’s expense) that such
occurrence would not (a) result in a taxable gain,

 

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 (b) otherwise subject a Trust REMIC to tax (other than a tax at the highest
marginal corporate tax rate on net income from foreclosure property), or (c) cause either Trust REMIC to fail to qualify as a
REMIC for federal income tax purposes; (ii) not allow a Trust REMIC to receive income from the performance of services or from
assets not permitted under the REMIC Provisions to be held by such Trust REMIC (provided, however, that the receipt
of any income expressly permitted or contemplated by the terms of this Agreement shall not be deemed to violate this clause);
and (iii) not permit the creation of any “interests,” within the meaning of the REMIC Provisions, in the Upper-Tier
REMIC other than the Regular Certificates, the Class [A-S] Regular Interest, the Class [B] Regular Interest, the Class [C] Regular
Interest and the Upper-Tier REMIC Residual Interest, or in the Lower-Tier REMIC other than the Lower-Tier Regular Interests and
the Lower-Tier Residual Interest. None of the Trustee, the Master Servicer, the Special Servicer or the Depositor shall be responsible
or liable for any failure by the Certificate Administrator to comply with the provisions of this Section 4.04. The Depositor,
the Master Servicer and the Special Servicer shall cooperate in a timely manner with the Certificate Administrator in supplying
any information within the Depositor’s, the Master Servicer’s or the Special Servicer’s control (other than
any confidential information) that is reasonably necessary to enable the Certificate Administrator to perform its duties under
this Section 4.04.

 

(b)          The
following assumptions are to be used for purposes of determining the anticipated payments of principal and interest for calculating
the original yield to maturity and original issue discount with respect to the Regular Certificates, the Class [A-S] Regular Interest,
the Class B Regular Interest and the Class [C] Regular Interest: (i) each Mortgage Loan will pay principal and interest in accordance
with its terms and scheduled payments will be timely received on their Due Dates, provided that the Mortgage Loans in the
aggregate will prepay in accordance with the Prepayment Assumption; (ii) none of the Master Servicer, the Special Servicer, the
Depositor and the Class [R] Certificateholder will exercise the right described in Section 9.01 of this Agreement to cause
early termination of the Trust Fund; and (iii) no Mortgage Loan is repurchased or substituted for by the applicable Mortgage Loan
Seller pursuant to Article II of this Agreement.

 

Section
4.05     Imposition of Tax on the Trust REMICs. In the event that any tax, including
interest, penalties or assessments, additional amounts or additions to tax, is imposed on a Trust REMIC, such tax shall be
charged against amounts otherwise distributable with respect to the Regular Certificates, the Class [EC] Regular Interests
and the Class [R] Certificates; provided that any taxes imposed on any net income from foreclosure property pursuant
to Code Section 860G(d) or any similar tax imposed by a state or local jurisdiction shall instead be treated as an expense of
the related REO Property in determining Net REO Proceeds with respect to the REO Property (and until such taxes are paid, the
Special Servicer from time to time shall withdraw from the REO Account and transfer to the Certificate Administrator for
deposit into the Distribution Accounts amounts reasonably determined by the Certificate Administrator to be necessary to pay
such taxes, and the Certificate Administrator shall return to the Special Servicer the excess determined by the Certificate
Administrator from time to time of the amount in excess of the amount necessary to pay such taxes); provided that any
such tax imposed on net income from foreclosure property that exceeds the amount in any such reserve shall be retained from
Available Funds as provided in Section 3.06(a)(vii) of this Agreement and the next sentence. Except as provided in the
preceding sentence, the Certificate Administrator is hereby authorized to and shall retain or cause to be retained from the
Distribution Account in

 

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 determining the amount of Available Funds sufficient funds to pay or provide for the payment of, and
to actually pay, such tax as is legally owed by a Trust REMIC (but such authorization shall not prevent the Certificate
Administrator from contesting, at the expense of the Trust Fund, any such tax in appropriate proceedings, and withholding
payment of such tax, if permitted by law, pending the outcome of such proceedings). The Certificate Administrator is hereby
authorized to and shall segregate or cause to be segregated, into a separate non-interest bearing account, (i) the net income
from any “prohibited transaction” under Code Section 860F(a) or (ii) the amount of any contribution to a Trust
REMIC after the Startup Day that is subject to tax under Code Section 860G(d) and use such income or amount, to the extent
necessary, to pay such tax (and return the balance thereof, if any, to the related Distribution Account). To the extent that
any such tax is paid to the IRS, the Certificate Administrator shall retain an equal amount from future amounts otherwise
distributable to the Holders of the Class [R] Certificates in respect of the related residual interest and shall
distribute such retained amounts to the Holders of Regular Certificates or to the Certificate Administrator in respect of the
Lower-Tier Regular Interests and the Class [EC] Regular Interests until they are fully reimbursed and then to the Holders of
the Class [R] Certificates in respect of the related residual interest. None of the Master Servicer, the Special Servicer,
the Certificate Administrator or the Trustee shall be responsible for any taxes imposed on a Trust REMIC except to the extent
such tax is attributable to a breach of a representation or warranty of the Master Servicer, the Special Servicer, the
Certificate Administrator or the Trustee or an act or omission of the Master Servicer, the Special Servicer, the Certificate
Administrator or the Trustee in contravention of this Agreement in both cases, provided, further, that such
breach, act or omission could result in liability under Section 6.03, in the case of the Master Servicer or the
Special Servicer, as applicable, or Section 4.04 or Section 8.01, in the case of the Certificate Administrator
or the Trustee. Notwithstanding anything in this Agreement to the contrary, in each such case, the Master Servicer or the
Special Servicer shall not be responsible for the Certificate Administrator’s, the Authenticating Agent’s, the
Certificate Registrar’s, the Paying Agent’s or the Trustee’s breaches, acts or omissions, and the Trustee
shall not be responsible for the breaches, acts or omissions of the Certificate Administrator, the Master Servicer, the
Special Servicer, the Authenticating Agent, the Certificate Registrar or the Paying Agent, and the Certificate Administrator
shall not be responsible for the breaches, acts or omissions of the Trustee, the Master Servicer, the Special Servicer and,
in each case if a different entity than the Certificate Administrator, the Authenticating Agent, the Certificate Registrar or
the Paying Agent.

 

Section
4.06     Remittances; P&I Advances.

 

(a)          On
the Master Servicer Remittance Date immediately preceding each Distribution Date, the Master Servicer shall:

 

(i)         
 remit to the Certificate Administrator for deposit in the Lower-Tier Distribution Account an amount equal to the Yield
Maintenance Charges applicable to the Mortgage Loans (but not a Companion Loan) received by the Master Servicer in the
Prepayment Period relating to such Distribution Date (or, in the case of an Outside Serviced Mortgage Loan, received by the
Master Servicer as of the close of business on the Business Day immediately preceding the applicable Master Servicer
Remittance Date and not previously so remitted to the Certificate Administrator);

 

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(ii)          remit
to the Certificate Administrator for deposit in the Lower-Tier Distribution Account an amount equal to the Available Funds applicable
to the Mortgage Loans (other than the amounts referred to in clause (iv) below and clause (d) of the definition of “Available
Funds”);

 

(iii)         remit
to CREFC® the CREFC® Intellectual Property Royalty License Fee;

 

(iv)         make
a P&I Advance by remittance to the Certificate Administrator for deposit into the Lower-Tier Distribution Account, in an amount
equal to the sum of the Applicable Monthly Payments for each Mortgage Loan (including any REO Mortgage Loan and any Mortgage Loan
related to a Loan Combination, but not a Companion Loan) to the extent such amounts were not received on such Mortgage Loan as
of the close of business on the Determination Date (without regard to any grace period) in the same month as such Master Servicer
Remittance Date), except that the portion of such P&I Advance equal to the CREFC® Intellectual Property Royalty
License Fee for each such Mortgage Loan shall not be remitted to the Certificate Administrator but shall instead be remitted to
CREFC®; and

 

(v)          remit
to the Certificate Administrator for deposit in the Excess Interest Distribution Account all Excess Interest for the related Distribution
Date then on deposit in the Collection Account after giving effect to withdrawals of funds pursuant to Section 3.06(a)(ii)
through Section 3.06(a)(ix) of this Agreement.

 

Neither
the Master Servicer nor the Trustee shall be required or permitted to make an advance for Balloon Payments, Default Interest,
Excess Interest or Yield Maintenance Charges, or delinquent Monthly Payments on the Companion Loans. The amount required to be
advanced in respect of delinquent payments of interest on any Mortgage Loan as to which an Appraisal Reduction Amount exists will
equal the product of (i) the amount otherwise required to be advanced by the Master Servicer with respect to delinquent payments
of interest without giving effect to such Appraisal Reduction Amounts, and (ii) a fraction, the numerator of which is the Stated
Principal Balance of such Mortgage Loan as of the last day of the related Collection Period, reduced by such Appraisal Reduction
Amount, and the denominator of which is the Stated Principal Balance of such Mortgage Loan as of the last day of the related Collection
Period. Appraisal Reduction Amounts shall not affect the principal portion of any P&I Advances.

 

Any
amount advanced by the Master Servicer pursuant to Section 4.06(a)(iv) of this Agreement shall constitute a P&I Advance
for all purposes of this Agreement and the Master Servicer shall be entitled to reimbursement (with interest at the Advance Rate).
The Special Servicer shall have no obligation to make any P&I Advance.

 

The
Certificate Administrator shall notify the Master Servicer and the Trustee by telephone if as of 3:00 p.m., New York City time,
on the Master Servicer Remittance Date, the Certificate Administrator has not received the amount of a required P&I Advance
hereunder. If as of 11:00 a.m., New York City time, on any Distribution Date the Master Servicer shall not have made the P&I
Advance required to have been made on the related Master Servicer Remittance Date pursuant to Section 4.06(a)(iv) of this
Agreement, the Certificate Administrator 

 

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shall notify the Trustee and the Trustee shall no later than 1:00 p.m., New York City
time, on such Business Day deposit into the Lower-Tier Distribution Account in immediately available funds an amount equal to
the P&I Advances otherwise required to have been made by the Master Servicer.

 

Neither
the Master Servicer nor the Trustee shall be obligated to make a P&I Advance as to any Monthly Payment on any date on which
a P&I Advance is otherwise required to be made by this Section 4.06 if the Master Servicer or the Trustee, as applicable,
or the Special Servicer determines that such Advance will be a Nonrecoverable Advance. The determination by any Person with an
obligation hereunder to make P&I Advances that it has made (or in the case of a determination by the Special Servicer, that
the Master Servicer or the Trustee has made) a Nonrecoverable Advance or the determination by the Special Servicer, the Master
Servicer or the Trustee that any proposed P&I Advance, if made, would constitute a Nonrecoverable Advance, shall be made by
such Person (i) in the case of the Master Servicer or the Special Servicer, in accordance with the Servicing Standard or (ii)
in the case of the Trustee, in its good faith business judgment, and shall be evidenced by an Officer’s Certificate as set
forth in Section 4.06(b). In connection with a determination by the Special Servicer, the Master Servicer or the Trustee
as to whether a P&I Advance previously made or to be made constitutes or would constitute a Nonrecoverable Advance:

 

(A)          any
such Person will be entitled to consider (among other things) the obligations of the Mortgagor under the terms of the related
Mortgage Loan or Serviced Loan Combination as it may have been modified, to consider (among other things) the related Mortgaged
Properties in their “as is” or then current conditions and occupancies, as modified by such party’s assumptions
regarding the possibility and effects of future adverse change with respect to such Mortgaged Properties, to estimate and consider
(among other things) future expenses and to estimate and consider (among other things) the timing of recoveries;

 

(B)          any
such Person may update or change its recoverability determinations at any time (but not reverse any other Person’s determination
that an Advance is a Nonrecoverable Advance) and may obtain at the expense of the Trust Fund any analysis, Appraisals or market
value estimates or other information for such purposes;

 

(C)          the
Special Servicer may, at its option, make a determination in accordance with the Servicing Standard that any proposed P&I
Advance, if made, would be a Nonrecoverable Advance or that any outstanding P&I Advance is a Nonrecoverable Advance and may
deliver to the Master Servicer, the Trustee and the Controlling Class Representative (prior to the occurrence and continuance
of a Consultation Termination Event) notice of such determination, which determination shall be conclusive and binding on the
Master Servicer and the Trustee;

 

(D)          although
the Special Servicer may determine whether a P&I Advance is a Nonrecoverable Advance, the Special Servicer will have no right
to (i) make

 

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 an affirmative determination that any P&I Advance previously made or to be made (or contemplated to be made) by
the Master Servicer or the Trustee is, or would be, recoverable or (ii) reverse any determination that may have been made by the
Master Servicer or the Trustee or to prohibit the Master Servicer or the Trustee from making a determination that a P&I Advance
constitutes or would constitute a Nonrecoverable Advance; provided that this sentence will not be construed to limit the Special
Servicer’s right to make a determination that a P&I Advance to be made (or contemplated to be made) would be, or a previously
made Advance is, a Nonrecoverable Advance, as described in this Section 4.06;

 

(E)          any
non-recoverability determination by the Master Servicer or the Special Servicer pursuant to this Section 4.06 with respect
to the recoverability of P&I Advances shall be conclusive and binding on the Master Servicer (in the case of such a determination
by the Special Servicer) and the Trustee;

 

(F)          the
Master Servicer shall provide notice to the Trustee on or prior to the Master Servicer Remittance Date of any such non-recoverability
determination made by the Master Servicer on or prior to such date;

 

(G)          the
Trustee shall be entitled to rely, conclusively, on any determination by the Master Servicer or Special Servicer that a P&I
Advance, if made, would be a Nonrecoverable Advance; provided, however, that if the Master Servicer has failed to
make a P&I Advance for reasons other than a determination by the Master Servicer or Special Servicer that such Advance would
be a Nonrecoverable Advance, the Trustee shall make such advance within the time periods required by this Section 4.06
unless the Trustee, in its good faith business judgment, or the Special Servicer, in accordance with the Servicing Standard, makes
a determination prior to the times specified in this Section 4.06 that such advance would be a Nonrecoverable Advance;

 

(H)          the
Special Servicer shall report, promptly upon making a determination contemplated in this paragraph, to the Master Servicer the
Special Servicer’s determination as to whether any P&I Advance made with respect to any previous Distribution Date or
required to be made with respect to a future Distribution Date with respect to any Specially Serviced Loan is a Nonrecoverable
P&I Advance, and the Master Servicer and the Trustee shall be entitled to conclusively rely on such determination; and

 

(I)      
    notwithstanding the foregoing, the Trustee may conclusively rely upon any determination by the Master
Servicer or the Special Servicer that any P&I Advance would be recoverable (unless a non-recoverability determination has
been made by the other servicer in accordance with clause (E) above which is binding on the Trustee), and the Master
Servicer may conclusively rely upon any determination by the Special Servicer that any P&I Advance would be
recoverable.

 

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The
Master Servicer or the Trustee, as applicable, shall be entitled to the reimbursement of P&I Advances it makes (together with
interest thereon) to the extent permitted pursuant to Section 3.06(a)(ii) of this Agreement and each of the Master Servicer
and Special Servicer hereby covenants and agrees to promptly seek and effect the reimbursement of such Advances from the related
Mortgagors to the extent permitted by applicable law and the related Mortgage Loan.

 

With
respect to P&I Advances and each Outside Serviced Mortgage Loan, the Master Servicer and the Trustee shall be entitled to
rely on the “appraisal reduction amount” calculated by the related Outside Special Servicer or the related Outside
Servicer in accordance with the terms of the applicable Outside Servicing Agreement.

 

(b)          The
determination by the Master Servicer, the Trustee or the Special Servicer that a P&I Advance has become a Nonrecoverable P&I
Advance or that any proposed P&I Advance, if made pursuant to this Section 4.06 with respect to any Mortgage Loan (or
with respect to any successor REO Mortgage Loan with respect to any of the foregoing), would constitute a Nonrecoverable P&I
Advance, shall be evidenced by an Officer’s Certificate delivered on or prior to the next Master Servicer Remittance Date
to the Trustee (unless it is the Person making the determination), the Controlling Class Representative (prior to the occurrence
and continuance of a Consultation Termination Event), the holder of any related Pari Passu Companion Loan or its Companion Loan
Holder Representative (in the case of a Pari Passu Loan Combination), the Master Servicer (unless it is the Person making the
determination), the Special Servicer (unless it is the Person making the determination) and, if the Trustee is making the determination,
the Depositor, setting forth the basis for such determination, together with any other information that supports such determination
together with a copy of any Appraisal of the related Mortgaged Property or REO Property, as the case may be (which Appraisal shall
be an expense of the Trust, shall take into account any material change in circumstances of which such Person is aware or such
Person has received new information, either of which has a material effect on the value and shall have been conducted in accordance
with the standards of the Appraisal Institute within the twelve months preceding such determination of nonrecoverability), and
further accompanied by related Mortgagor operating statements and financial statements, budgets and rent rolls of the related
Mortgaged Property (to the extent available and/or in such Person’s possession) and any engineers’ reports, environmental
surveys or similar reports that such Person may have obtained and that support such determination. The Master Servicer and the
Special Servicer shall consider Unliquidated Advances with respect to prior P&I Advances for the purpose of nonrecoverability
determinations as if such amounts were unreimbursed P&I Advances.

 

(c)          With
respect to each Outside Serviced Mortgage Loan, if (1) the related Outside Servicer has determined that a proposed debt service
advance with respect to such Outside Serviced Mortgage Loan or a related Outside Serviced Companion Loan, if made, would be, or
any outstanding debt service advance previously made with respect to such Outside Serviced Companion Loan is, as applicable, a
“nonrecoverable advance,” and the related Outside Servicer has provided written notice of such determination to the
Master Servicer, or (2) if the Master Servicer or the Special Servicer has determined that a P&I Advance with respect to the
Outside Serviced Mortgage Loan related to such related Outside Serviced Companion Loan would be a Nonrecoverable P&I Advance,
then neither the Master Servicer nor the Trustee shall

 

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 make any additional P&I Advance with respect to such Outside Serviced
Mortgage Loan until the Master Servicer or the Special Servicer, as applicable, has consulted with the related Outside Servicer
under the applicable Outside Servicing Agreement and they agree that circumstances with respect to such Mortgage Loans have changed
such that a proposed future debt service advance would not be a “nonrecoverable advance.” With respect to each Outside
Serviced Mortgage Loan, if the Master Servicer has determined that a proposed P&I Advance with respect to such mortgage loan
would be a Nonrecoverable Advance, the Master Servicer shall provide the related Outside Servicer written notice of such determination
within two (2) Business Days after such determination was made.

 

In
connection with each Outside Serviced Mortgage Loan, any determination by the Master Servicer that any P&I Advance made or
to be made with respect to such Outside Serviced Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) is or,
if made, would be a Nonrecoverable P&I Advance may be made independently from any determinations (or the absence of any determinations)
made under the applicable Outside Servicing Agreement regarding nonrecoverability of debt service advances on the related Outside
Serviced Companion Loan.

 

(d)          If
the Trustee, the Master Servicer or the Special Servicer has received written notice from [RA1], [RA2] or [RA3] to the effect
that continuation of the Master Servicer or the Special Servicer in such capacity would result in the downgrade, qualification
or withdrawal of any rating then assigned by [RA1], [RA2] or [RA3], as applicable, to any Class of Certificates and citing servicing
concerns with such Master Servicer or Special Servicer, as applicable, as the sole or material factor in such rating action, and
such notice is not rescinded within 60 days, then the Trustee, the Master Servicer or the Special Servicer, as applicable, shall
promptly notify the other such parties and the Certificate Administrator, and the Certificate Administrator shall promptly notify
the Serviced Companion Loan Holder and the applicable master servicer of any Serviced Companion Loan.

 

Section
4.07     Grantor Trust Reporting.

 

(a)          The
Certificate Administrator shall maintain adequate books and records to account for the separate entitlements of the Grantor Trust.

 

(b)          The
parties intend that the Grantor Trust shall be treated as a “grantor trust” under the Code, and the provisions thereof
shall be interpreted consistently with this intention. In furtherance of such intention, none of the Depositor, the Master Servicer,
the Special Servicer, the Trustee or the Certificate Administrator shall vary the assets of the Grantor Trust so as to take advantage
of market fluctuations or so as to improve the rate of return of the Exchangeable Certificates, and shall otherwise comply with
Treasury Regulations Section 301.7701-4(c). The Certificate Administrator shall file or cause to be filed with the IRS Form 1041,
Form 1099 or such other form as may be applicable and shall furnish or cause to be furnished to the Holders of the respective
Classes of the Grantor Trust Certificates, their allocable share of income and expense with respect to the Class [A-S] Specific
Grantor Trust Assets, the Class [B] Specific Grantor Trust Assets, the Class [C] Specific Grantor Trust Assets, the Class [EC]
Specific Grantor Trust Assets, the Excess Interest Grantor Trust Assets and proceeds thereof, respectively, as such amounts are
received or accrue, as applicable.

 

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(c)          (i)
The Grantor Trust is a WHFIT that is a WHMT. The Certificate Administrator shall report as required under the WHFIT Regulations
to the extent such information as is reasonably necessary to enable the Certificate Administrator to do so is provided to the
Certificate Administrator on a timely basis. With respect to each Class of Exchangeable Certificates, the Certificate Administrator
is hereby directed to assume that DTC is the only “middleman” as defined by the WHFIT Regulations unless it has actual
knowledge to the contrary or the Depositor provides the Certificate Administrator with the identities of the other “middlemen”
that are Certificateholders. The Certificate Administrator will not be liable for any tax reporting penalties that may arise under
the WHFIT Regulations in the event that the IRS makes a determination that is contrary to the first sentence of this paragraph.

 

(ii) 
        The Certificate Administrator, in its discretion, shall report required
WHFIT information using either the cash or accrual method, except to the extent the WHFIT Regulations specifically require a
different method. The Certificate Administrator shall be under no obligation to determine whether any Certificateholder uses
the cash or accrual method. The Certificate Administrator shall make available (via the Certificate Administrator’s
Website) WHFIT information to Certificateholders annually. In addition, the Certificate Administrator shall not be
responsible or liable for providing subsequently amended, revised or updated information to any Certificateholder, unless
requested by the Certificateholder.

 

(iii)          The
Certificate Administrator shall not be liable for failure to meet the reporting requirements of the WHFIT Regulations nor for
any penalties thereunder if such failure is due to: (i) the lack of reasonably necessary information that is not in its possession
being provided to the Certificate Administrator or (ii) incomplete, inaccurate or untimely information being provided to the Certificate
Administrator. Each owner of a class of securities representing, in whole or in part, beneficial ownership of an interest in a
WHFIT, by acceptance of its interest in such class of securities, will be deemed to have agreed to provide the Certificate Administrator
with information regarding any sale of such securities, including the price, amount of proceeds and date of sale. Absent receipt
of information regarding any sale of Certificates, including the price, amount of proceeds and date of sale from the beneficial
owner thereof or the Depositor, the Certificate Administrator shall assume there is no secondary market trading of WHFIT interests.

 

(d)          To
the extent required by the WHFIT Regulations, the Certificate Administrator shall use reasonable efforts to publish on the Certificate
Administrator’s Website the CUSIP Numbers for the Certificates that represent ownership of a WHFIT. The CUSIP Number so
published will represent the Rule 144A CUSIP Numbers. The Certificate Administrator shall make reasonable good faith efforts to
keep the website accurate and updated to the extent CUSIP Numbers have been received. Absent the receipt of a CUSIP Number, the
Certificate Administrator will use a reasonable identifier number in lieu of a CUSIP Number. The Certificate Administrator shall
not be liable for investor reporting delays that result from the receipt of inaccurate or untimely CUSIP Number information.

 

Section
4.08     Calculations.

 

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Provided
that the Certificate Administrator receives the necessary loan-level information from the Master Servicer and/or the Special Servicer,
the Certificate Administrator shall be responsible for performing all calculations necessary in connection with the actual and
deemed distributions to be made pursuant to Section 4.01, the preparation of the Distribution Date Statements pursuant
to Section 4.02(a) and the actual and deemed allocations of Realized Losses to be made pursuant to Section 4.01.
The Certificate Administrator shall calculate the Principal Distribution Amount and Interest Distribution Amounts for each Distribution
Date and shall allocate such amounts among Certificateholders in accordance with this Agreement. Absent actual knowledge of an
error therein, the Certificate Administrator shall have no obligation to recompute, recalculate or otherwise verify any loan-level
information provided to it by the Master Servicer. The calculations by the Certificate Administrator contemplated by this Section
4.08 shall, in the absence of manifest error, be deemed to be correct for all purposes hereunder.

 

Section
4.09     Secure Data Room.

 

(a)          Within
60 days of the Closing Date, the Certificate Administrator shall create a Secure Data Room, and the Depositor shall, upon the
earlier of (i) receipt of all the Mortgage Loan Sellers’ Diligence File Certifications and (ii) the 120th day following
the Closing Date (but, in any event, no earlier than the date on which the Depositor has received a written notice from the Certificate
Administrator that the Secure Data Room has been created), deliver to the Certificate Administrator (but solely with respect to
any Diligence File(s) received by the Depositor as to which it has received the related Mortgage Loan Seller’s Diligence
File Certification) an electronic copy of the Diligence Files for the Mortgage Loans that have been uploaded by the Mortgage Loan
Sellers to the Designated Site. After the 120th day following the Closing Date, the Depositor may deliver any Mortgage Loan Seller’s
Diligence Files to the Certificate Administrator if it has not previously delivered such Mortgage Loan Seller’s Diligence
Files to the Certificate Administrator. Upon receipt thereof, the Certificate Administrator shall promptly upload the contents
of each Diligence File to the Secure Data Room. Access to the Secure Data Room shall be granted by the Certificate Administrator
to (i) the Asset Representations Reviewer and (ii) any other Person at the direction of the Depositor, in each case, upon the
occurrence of an Affirmative Asset Review Vote and receipt by the Certificate Administrator of a certification substantially in
the form of Exhibit KK hereto. In no case whatsoever shall Certificateholders be permitted to access the Secure Data Room.
For the avoidance of doubt, the Certificate Administrator shall be under no obligation to post any documents to the Secure Data
Room other than the contents of the Diligence Files initially delivered to it by the Depositor with respect to each Mortgage Loan
Seller.

 

(b)          The
Certificate Administrator shall not have any obligation or duty to verify, review, confirm or otherwise determine whether the
type, number or contents of any Diligence File delivered to the Certificate Administrator is accurate, complete, or relates to
the transaction or confirm that all documents and information constituting any Diligence File have actually been delivered to
the Certificate Administrator. In no case shall the Certificate Administrator be deemed to have obtained actual or constructive
knowledge of the contents of, or information contained in, any Diligence File by virtue of posting such Diligence File to the
Secure Data Room. In the event that any document is posted in error, the Certificate Administrator may remove such document from
the Secure Data Room. The Certificate

 

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 Administrator shall not have any obligation to produce physical or electronic copies of
any document provided to it for posting to the Secure Data Room. The Certificate Administrator shall not be responsible or held
liable for any other Person’s use or dissemination of the documents contained on the Secure Data Room; provided that
such event or occurrence is not also a result of its own negligence, bad faith or willful misconduct. The Certificate Administrator
shall not be required to restrict access to the Secure Data Room on a loan-by-loan basis and any Person with access to the Secure
Data Room shall covenant to access only the documents necessary to perform its duties and responsibilities under this Agreement.

 

(c)          Upon
the resignation or removal of the Certificate Administrator pursuant to Section 8.07, the Certificate Administrator shall
transfer electronic copies of the Diligence Files to a successor certificate administrator designated in writing by the Depositor
or the Master Servicer, and all costs and expenses associated with the transfer of the Diligence Files shall be payable as part
of the costs and expenses associated with the transfer of its responsibilities upon the resignation or removal of the Certificate
Administrator pursuant to Section 8.07. Following the date on which any Mortgage Loan is paid in full, liquidated, repurchased
or otherwise removed from the Trust, the Special Servicer may (but shall not be obligated to) direct the Certificate Administrator
in writing to delete the Diligence File related to such Mortgage Loan from the Secure Data Room; provided that absent such
direction, the Certificate Administrator shall not be obligated to delete any Diligence File from the Secure Data Room. Following
the termination of the Trust pursuant to Section 9.01, the Certificate Administrator shall be permitted to delete all files
from the Secure Data Room. Upon deletion, in no event shall the Certificate Administrator be obligated to reproduce or retrieve
such deleted files.

 

Article
V

THE CERTIFICATES

 

Section
5.01     The Certificates. (a) The Certificates consist of the Class [A-1] Certificates,
the Class [A-2] Certificates, the Class [A-3] Certificates, the Class [A-4] Certificates, the Class [A-AB] Certificates, the Class
[X-A] Certificates, the Class [A-S] Certificates, the Class [B] Certificates, the Class [EC] Certificates, the Class [C] Certificates,
the Class [D] Certificates, the Class [E] Certificates, the Class [F] Certificates, the Class [G] Certificates, the Class [H]
Certificates, the Class [ARD] Certificates, the Class [VRR] Certificates and the Class [R] Certificates.

 

Each
Class of Certificates will be substantially in the forms annexed hereto as Exhibits A-1 through A-19 respectively,
with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement
or as may, in the reasonable judgment of the Certificate Registrar, be necessary, appropriate or convenient to comply, or facilitate
compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may be required by law, or as may, consistently herewith, be determined by the officers executing such Certificates,
as evidenced by their execution thereof. The Class [LOAN-SPECIFIC] Certificates will be issued in minimum denominations of $100,000
and integral multiples of $1 in excess of $100,000. The Public Certificates (other than the Class [X-A] Certificates) shall be
issued in minimum denominations of $10,000 and integral multiples of $1 in excess thereof. However, in

 

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 connection with an exchange
of Class [A-S], Class [B] and Class [C] Certificates for Class [EC] Certificates and vice versa, each of the Class [A-S], Class
[B], and Class [C] Certificates exchanged (whether surrendered or received) in such exchange shall be in denominations of at least
$10,000 initial Certificate Balance, and the Class [EC] Certificates exchanged shall equal the aggregate Certificate Balance of
the Class [A-S], Class [B] and Class [C] Certificates being exchanged therefor (i.e., in excess of $30,000 initial Certificate
Balance). The Private Certificates (other than Class [ARD] and Class [R] Certificates and the VRR Interest) shall be issued in
minimum denominations of $100,000 and integral multiples of $1 in excess thereof. [The Class VRR Certificates shall be issued
in minimum denominations of $100,000 and integral multiples of $0.01 in excess thereof.] The Class [X-A] Certificates shall be
issued, maintained and transferred only in minimum denominations of an authorized initial notional amount of not less than $1,000,000
and in integral multiples of $1 in excess thereof. If the initial Certificate Balance or initial Notional Amount, as applicable,
of any Class of Certificates (exclusive of the Class [ARD] and Class [R] Certificates) does not equal an integral multiple of
$1, then a single additional Certificate of such Class may be issued in a minimum denomination of authorized initial Certificate
Balance or initial Notional Amount, as applicable, that includes the excess of (i) the initial Certificate Balance or initial
Notional Amount, as applicable, of such Class over (ii) the largest integral multiple of $1 that does not exceed such amount.
The Class [R] Certificates shall be issued, maintained and transferred in minimum percentage interests of 10% of such Class [R]
Certificates and in integral multiples of 1% in excess thereof. The Class [ARD] Certificates shall be issued, maintained and transferred
in minimum percentage interests of 10% of such Class [ARD] Certificates and in integral multiples of 1% in excess thereof.

 

(b)          One
authorized signatory shall sign the Certificates for the Certificate Administrator by manual or facsimile signature. If an authorized
signatory whose signature is on a Certificate no longer holds that office at the time the Certificate Administrator countersigns
the Certificate, the Certificate shall be valid nevertheless. A Certificate shall not be valid until an authorized signatory of
the Certificate Administrator (who may be the same officer who executed the Certificate) manually countersigns the Certificate.
The signature shall be conclusive evidence that the Certificate has been executed and countersigned under this Agreement.

 

Section
5.02     Form and Registration.

 

(a)          Each
Class of Public Certificates shall be represented by a single, global certificate in definitive, fully registered form without
interest coupons, substantially in the applicable form set forth as an exhibit hereto, which shall be deposited with the Certificate
Registrar or an agent of the Certificate Registrar, as custodian for the Depository, and registered in the name of the Depository
or a nominee of the Depository. The aggregate Certificate Balance of a Global Certificate may from time to time be increased or
decreased by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided.

 

(b)          Unless
and until Definitive Certificates are issued in respect of a Class of Global Certificates, beneficial ownership interests in such
Certificates will be maintained and transferred on the book-entry records of the Depository and Depository Participants, and all
references to actions by Holders of such Class of Certificates will refer to action taken by the

 

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 Depository upon instructions
received from the related registered Holders of Certificates through the Depository Participants in accordance with the Depository’s
procedures and, except as otherwise set forth herein, all references herein to payments, notices, reports and statements to Holders
of such Class of Certificates will refer to payments, notices, reports and statements to the Depository or its nominee as the
registered Holder thereof, for distribution to the related registered Holders of Certificates through the Depository Participants
in accordance with the Depository’s procedures.

 

(c)          No
transfer of any Private Certificate shall be made unless that transfer is made pursuant to an effective registration statement
under the Securities Act, and effective registration or qualification under applicable state securities laws, or is made in a
transaction which does not require such registration or qualification. If a transfer is to be made in reliance upon an exemption
from the Securities Act, and under the applicable state securities laws, then:

 

(i)          The
Certificates of each Class of the Private Certificates (other than the Risk Retention Certificates, the Class [ARD] and Class
[R] Certificates) sold in offshore transactions in reliance on Regulation S under the Act shall initially be represented by a
temporary global certificate in definitive, fully registered form without interest coupons, substantially in the applicable form
set forth as an exhibit hereto (each a “Temporary Regulation S Global Certificate”), which shall be deposited
on the Closing Date on behalf of the purchasers of the Private Certificates represented thereby with the Certificate Registrar,
at its principal trust office, as custodian, for the Depository, and registered in the name of the Depository or the nominee of
the Depository for the account of designated agents holding on behalf of Euroclear and/or Clearstream. Prior to the expiration
of the 40-day period commencing on the later of the commencement of the offering and the Closing Date (the “Restricted
Period”), beneficial interests in each Temporary Regulation S Global Certificate may be held only through Euroclear
or Clearstream. After the expiration of the Restricted Period, a beneficial interest in a Temporary Regulation S Global Certificate
may be exchanged for an interest in the related permanent global certificate of the same Class of Private Certificates (a “Regulation
S Global Certificate”) in the applicable form set forth as an exhibit hereto in accordance with the procedures set forth
in Section 5.03(f) of this Agreement. During the Restricted Period, distributions due in respect of a beneficial interest
in a Temporary Regulation S Global Certificate shall only be made upon delivery to the Certificate Registrar by Euroclear or Clearstream,
as applicable, of a Non-U.S. Certificate Ownership Certification. After the expiration of the Restricted Period, distributions
due in respect of any beneficial interests in a Temporary Regulation S Global Certificate shall not be made to the holders of
such beneficial interests unless exchange for a beneficial interest in the Regulation S Global Certificate of the same Class is
improperly withheld or refused. The aggregate Certificate Balance of a Temporary Regulation S Global Certificate or a Regulation
S Global Certificate may from time to time be increased or decreased by adjustments made on the records of the Certificate Registrar,
as custodian for the Depository, as hereinafter provided.

 

On
the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate
Administrator shall deliver to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the

 

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 Certificate
Registrar for purposes of effecting the exchanges contemplated by the preceding paragraph.

 

The
Class [LOAN-SPECIFIC] Certificates shall not be offered in Offshore Transactions in reliance on Regulation S under the Act.

 

(ii)          The
Certificates of each Class of Private Certificates (other than the Risk Retention Certificates, the Class [ARD] and Class [R]
Certificates) offered and sold to Qualified Institutional Buyers in reliance on Rule 144A shall be represented by a single, global
certificate in definitive, fully registered form without interest coupons, substantially in the applicable form set forth as an
exhibit hereto (each, a “Rule 144A Global Certificate”), which shall be deposited with the Certificate Registrar
or an agent of the Certificate Registrar, as custodian for the Depository, and registered in the name of the Depository or a nominee
of the Depository. The aggregate Certificate Balance of a Rule 144A Global Certificate may from time to time be increased or decreased
by adjustments made on the records of the Certificate Registrar, as custodian for the Depository, as hereinafter provided. The
Class [LOAN-SPECIFIC] Certificates may only be offered and sold to Qualified Institutional Buyers in reliance on Rule 144A.

 

(iii)          The
Certificates of each Class of Private Certificates offered and sold in the United States to investors that are Institutional Accredited
Investors that are not Qualified Institutional Buyers, the Risk Retention Certificates(during the RR Interest Transfer Restriction
Period), the Class [ARD] Certificates and the Class [R] Certificates (collectively, the “Non-Book Entry Certificates”)
shall be in the form of Definitive Certificates, substantially in the applicable form set forth as an exhibit hereto, and shall
be registered in the name of such investors or their nominees by the Certificate Registrar who shall deliver the certificates
for such Non-Book Entry Certificates to the respective beneficial owners or owners. The Class [LOAN-SPECIFIC] Certificates shall
not be offered, sold or transferred to investors that are Institutional Accredited Investors who are not also Qualified Institutional
Buyers.

 

(d)          Owners
of beneficial interests in Global Certificates of any Class shall not be entitled to receive physical delivery of certificated
Certificates unless: (i) the Depository advises the Certificate Registrar in writing that the Depository is no longer willing
or able to discharge properly its responsibilities as depository with respect to the Global Certificates of such Class or ceases
to be a Clearing Agency, and the Certificate Administrator and the Depositor are unable to locate a qualified successor within
90 days of such notice; (ii) the Trustee has instituted or has been directed to institute any judicial proceeding to enforce the
rights of the Holders of such Class and the Trustee has been advised by counsel that in connection with such proceeding it is
necessary or appropriate for the Trustee to obtain possession of the Certificates of such Class; or (iii) in the case of a Private
Certificate, all of the applicable requirements of Section 5.03 of this Agreement are satisfied; provided, however,
that under no circumstances will certificated Private Certificates be issued to beneficial owners of a Temporary Regulation S
Global Certificate. Upon notice of the occurrence of any of the events described in clause (i) or (ii) above with respect to any
Certificates of a Class that are in the form of Global Certificates and upon surrender by the Depository of any Global Certificate
of such Class and receipt from the Depository of instructions for reregistration, the Certificate Registrar

 

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 shall issue Certificates
of such Class in the form of Definitive Certificates (bearing, in the case of a Definitive Certificate issued for a Rule 144A
Global Certificate, the same legends regarding transfer restrictions borne by such Global Certificate), and thereafter the Certificate
Registrar shall recognize the holders of such Definitive Certificates as Certificateholders under this Agreement.

 

(e)          If
any Certificate Owner wishes to transfer its interest in a Rule 144A Global Certificate to an Institutional Accredited Investor
that is not a Qualified Institutional Buyer, or wishes to transfer its interest in a Regulation S Global Certificate to a “U.S.
person” (as that term is defined in Rule 902(k) under the Securities Act) that is an Institutional Accredited Investor but
not a Qualified Institutional Buyer, then the transferee shall take delivery in the form of a Non-Book Entry Certificate, subject
to the restrictions on the transfer of such Non-Book Entry Certificate in Section 5.03(h) of this Agreement. No such transfer
shall be made and the Certificate Registrar shall not register any such transfer unless such transfer complies with the provisions
of Section 5.03(h) of this Agreement applicable to transfers of Non-Book Entry Certificates. Upon acceptance for exchange
or transfer of a beneficial interest in a Global Certificate for a Non-Book Entry Certificate, as provided herein, the Certificate
Registrar shall endorse on the schedule affixed to the related Global Certificate (or on a continuation of such schedule affixed
to such Global Certificate and made a part thereof) an appropriate notation evidencing the date of such exchange or transfer and
a decrease in the denomination of such Global Certificate equal to the denomination of such Non-Book Entry Certificate issued
in exchange therefor or upon transfer thereof.

 

(f)          During
the RR Interest Transfer Restriction Period, any Risk Retention Certificate shall only be held as a Definitive Certificate in
the Retained Interest Safekeeping Account by the Certificate Administrator (and each Retaining Party’s respective interest
shall be tracked in the form of an entry in the Certificate Administrator’s trust accounting system under the Retained Interest
Safekeeping Account), for the benefit of the Holder of the related Certificate. The Certificate Administrator shall hold each
Risk Retention Certificate in safekeeping and shall release the same only upon receipt of a written direction signed by each of
the Depositor, the Retaining Sponsor and the Holder of such Certificate, and in accordance with any authentication procedures
as may be utilized by the Certificate Administrator and in accordance with this Agreement. There shall be, and hereby is, established
by the Certificate Administrator an account which will be designated the “Retained Interest Safekeeping Account” and
into which each Risk Retention Certificate shall be held and which shall be governed by and subject to this Agreement. In addition,
on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the Retained Interest Safekeeping
Account for each Retaining Party. Each Risk Retention Certificate to be delivered in physical form to the Certificate Administrator
shall be delivered as set forth herein. Upon receipt by the Certificate Administrator of any Risk Retention Certificate in connection
with the initial issuance thereof and, for so long as the Risk Retention Certificates are held in the Retained Interest Safekeeping
Account by the Certificate Administrator pursuant to this Agreement, upon any transfer or exchange pursuant to this Article
V of any Risk Retention Certificate, the Certificate Administrator shall deliver to the related Retaining Party a receipt
in the form set forth in Exhibit MM. No amounts distributable with respect to any Risk Retention Certificate shall be remitted
to the Retained Interest Safekeeping Account, but instead shall be remitted directly to the applicable Retaining Party in accordance
with written instructions provided separately on the

 

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 Closing Date (and any updates to such written instructions provided from
time to time) by such Retaining Party to the Certificate Administrator. Under no circumstances by virtue of safekeeping any Risk
Retention Certificate shall the Certificate Administrator be obligated to bring legal action or institute proceedings against
any Person on behalf of any Retaining Party. During the RR Interest Transfer Restriction Period and for such longer time as the
related Retaining Party may request, the Certificate Administrator shall hold each individual Risk Retention Certificate at the
below location, or any other location; provided the Certificate Administrator has given notice to the Depositor, the Retaining
Sponsor and each Retaining Party of such new location:

 

[____________]

 

The
Certificate Administrator shall make available to each Retaining Party its account information as mutually agreed upon by the
Certificate Administrator and each respective Retaining Party, and in accordance with the Certificate Administrator’s policies
and procedures. Any transfer of a Risk Retention Certificate shall be subject to this Article V. During the RR Interest
Transfer Restriction Period, unless the Retaining Sponsor and the Depositor otherwise consent in writing, the Certificate Administrator
shall not permit any Person to copy (other than for internal purposes), and shall not itself provide to any Person copies of,
the executed Risk Retention Certificates held by it in the Retained Interest Safekeeping Account.

 

(g)          To
the extent that the aggregate value and/or Certificate Balance of the RR Interest is in excess of the amount or percentage of
risk retention required pursuant to Regulation RR, such excess portion of the RR Interest shall nevertheless be deemed to be subject
to the requirements of Regulation RR and any Risk Retention Certificate evidencing such excess portion of the RR Interest shall
be subject to all of the provisions in this Agreement applicable to the RR Interest including, without limitation, the provisions
of this Article V.

 

Section
5.03     Registration of Transfer and Exchange of Certificates.

 

(a)          The
Certificate Administrator shall keep or cause to be kept at its principal offices books (the “Certificate Register”)
in which, subject to such reasonable regulations as it may prescribe, the Certificate Administrator shall provide for the registration
of Certificates and of transfers and exchanges of Certificates as herein provided (the Certificate Administrator, in such capacity,
being the “Certificate Registrar”). In such capacities, the Certificate Administrator shall be responsible
for, among other things, (i) maintaining the Certificate Register and a record of the aggregate holdings of Certificates of each
Class of Private Certificates represented by a Temporary Regulation S Global Certificate, a Regulation S Global Certificate and
a Rule 144A Global Certificate and accepting Certificates for exchange and registration of transfer and (ii) transmitting to the
Depositor, the Master Servicer and the Special Servicer any notices from the Certificateholders. In its capacity as Certificate
Registrar, the Certificate Administrator shall be responsible for, among other things, holding the Risk Retention Certificates
as Definitive Certificates on behalf of each Holder of such Certificates in accordance with Section 5.02(f).

 

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(b)          Subject
to the restrictions on transfer set forth in this Article V, upon surrender for registration of transfer of any Certificate,
the Certificate Administrator shall execute, authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Certificates in authorized denominations, in like aggregate interest and of the same Class.

 

(c)          Rule
144A Global Certificate to Temporary Regulation S Global Certificate. If a holder of a beneficial interest in the Rule 144A
Global Certificate deposited with the Certificate Registrar as custodian for the Depository wishes at any time during the Restricted
Period to exchange its interest in such Rule 144A Global Certificate for an interest in the Temporary Regulation S Global Certificate
of the same Class, or to transfer its interest in such Rule 144A Global Certificate to an institution that is required to take
delivery thereof in the form of an interest in the Temporary Regulation S Global Certificate of the same Class, such holder may,
subject to the rules and procedures of the Depository, exchange or cause the exchange of such interest for an equivalent beneficial
interest in such Temporary Regulation S Global Certificate. Upon receipt by the Certificate Registrar, as registrar, at its office
designated in Section 5.11 of this Agreement, of (1) instructions given in accordance with the Depository’s procedures
from a Depository Participant directing the Certificate Registrar to credit, or cause to be credited, a beneficial interest in
the Temporary Regulation S Global Certificate in an amount equal to the beneficial interest in the Rule 144A Global Certificate
to be exchanged, (2) a written order given in accordance with the Depository’s procedures containing information regarding
the Euroclear or Clearstream account to be credited with such increase and the name of such account and (3) a certificate in the
form of Exhibit E to this Agreement given by the holder of such beneficial interest stating that the transfer of such interest
has been made in compliance with the transfer restrictions applicable to the Global Certificates and pursuant to and in accordance
with Regulation S, then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate
Balance of the Rule 144A Global Certificate and to increase, or cause to be increased, the Certificate Balance of the Temporary
Regulation S Global Certificate by the aggregate Certificate Balance of the beneficial interest in the Rule 144A Global Certificate
to be exchanged, to credit or cause to be credited to the account of the Person specified in such instructions (who shall be the
agent member of Euroclear or Clearstream, or both) a beneficial interest in the Temporary Regulation S Global Certificate equal
to the reduction in the Certificate Balance of the Rule 144A Global Certificate, and to debit, or cause to be debited, from the
account of the Person making such exchange or transfer the beneficial interest in the Rule 144A Global Certificate that is being
exchanged or transferred.

 

(d)          Rule
144A Global Certificate to Regulation S Global Certificate. If a holder of a beneficial interest in the Rule 144A Global Certificate
deposited with the Certificate Registrar as custodian for the Depository wishes at any time following the Restricted Period to
exchange its interest in such Rule 144A Global Certificate for an interest in the Regulation S Global Certificate of the same
Class, or to transfer its interest in such Rule 144A Global Certificate to an institution that is required to take delivery thereof
in the form of an interest in a Regulation S Global Certificate, such holder may, subject to the rules and procedures of the Depository,
exchange, or cause the exchange of, such interest for an equivalent beneficial interest in such Regulation S Global Certificate.
Upon receipt by the Certificate Registrar, as registrar, at its office designated in Section 5.11 of this Agreement, of
(1) instructions given in accordance with the Depository’s procedures from a Depository Participant directing the

 

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Certificate
Registrar to credit or cause to be credited a beneficial interest in the Regulation S Global Certificate in an amount equal to
the beneficial interest in the Rule 144A Global Certificate to be exchanged, (2) a written order given in accordance with the
Depository’s procedures containing information regarding the participant account of the Depository to be credited with such
increase and (3) a certificate in the form of Exhibit F to this Agreement given by the holder of such beneficial interest,
then the Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the
Rule 144A Global Certificate and to increase, or cause to be increased, the Certificate Balance of the Regulation S Global Certificate
by the aggregate Certificate Balance of the beneficial interest in the Rule 144A Global Certificate to be exchanged, to credit
or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Regulation S
Global Certificate equal to the reduction in the Certificate Balance of the Rule 144A Global Certificate, and to debit, or cause
to be debited, from the account of the Person making such exchange or transfer the beneficial interest in the Rule 144A Global
Certificate that is being exchanged or transferred.

 

(e)          Temporary
Regulation S Global Certificate or Regulation S Global Certificate to Rule 144A Global Certificate. If a holder of a beneficial
interest in a Temporary Regulation S Global Certificate or Regulation S Global Certificate deposited with the Certificate Registrar
as custodian for the Depository wishes at any time to exchange its interest in such Temporary Regulation S Global Certificate
or Regulation S Global Certificate for an interest in the Rule 144A Global Certificate of the same Class, or to transfer its interest
in such Temporary Regulation S Global Certificate or Regulation S Global Certificate to a Person who is required to take delivery
thereof in the form of an interest in the Rule 144A Global Certificate, such holder may, subject to the rules and procedures of
Euroclear or Clearstream, as the case may be, and the Depository, exchange or cause the exchange of such interest for an equivalent
beneficial interest in the Rule 144A Global Certificate of the same Class. Upon receipt by the Certificate Registrar, as registrar,
at its office designated in Section 5.11 of this Agreement, of (1) instructions from Euroclear or Clearstream, if applicable,
and the Depository, directing the Certificate Registrar, as registrar, to credit or cause to be credited a beneficial interest
in the Rule 144A Global Certificate equal to the beneficial interest in the Temporary Regulation S Global Certificate or Regulation
S Global Certificate to be exchanged, such instructions to contain information regarding the participant account with the Depository
to be credited with such increase, (2) with respect to a transfer of an interest in the Regulation S Global Certificate, information
regarding the participant account of the Depository to be debited with such decrease and (3) with respect to a transfer of an
interest in the Temporary Regulation S Global Certificate (but not the Regulation S Global Certificate) for an interest in the
Rule 144A Global Certificate at any time during the Restricted Period, a certificate in the form of Exhibit G to this Agreement
given by the holder of such beneficial interest and stating that the Person transferring such interest in the Temporary Regulation
S Global Certificate reasonably believes that the Person acquiring such interest in the Rule 144A Global Certificate is a Qualified
Institutional Buyer and is obtaining such beneficial interest in a transaction meeting the requirements of Rule 144A, then the
Certificate Registrar shall instruct the Depository to reduce, or cause to be reduced, the Certificate Balance of the Temporary
Regulation S Global Certificate or Regulation S Global Certificate and to increase, or cause to be increased, the Certificate
Balance of the Rule 144A Global Certificate by the aggregate Certificate Balance of the beneficial interest in the Temporary Regulation
S Global Certificate or Regulation S Global Certificate to be exchanged, and the Certificate Registrar shall

 

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instruct the Depository,
concurrently with such reduction, to credit, or cause to be credited, to the account of the Person specified in such instructions,
a beneficial interest in the Rule 144A Global Certificate equal to the reduction in the Certificate Balance of the Temporary Regulation
S Global Certificate or Regulation S Global Certificate and to debit, or cause to be debited, from the account of the Person making
such transfer the beneficial interest in the Temporary Regulation S Global Certificate or Regulation S Global Certificate that
is being transferred.

 

(f)          Temporary
Regulation S Global Certificate to Regulation S Global Certificate. Interests in a Temporary Regulation S Global Certificate
as to which the Certificate Registrar has received from Euroclear or Clearstream, as the case may be, a certificate (a “Non-U.S.
Certificate Ownership Certification”) to the effect that Euroclear or Clearstream, as applicable, has received a certificate
substantially in the form of Exhibit H to this Agreement from the holder of a beneficial interest in such Temporary Regulation
S Global Certificate, shall be exchanged after the Restricted Period, for interests in the Regulation S Global Certificate of
the same Class of Private Certificates. The Certificate Registrar shall effect such exchange by delivering to the Depository for
credit to the respective accounts of such holders, a duly executed and authenticated Regulation S Global Certificate, representing
the aggregate Certificate Balance of interests in the Temporary Regulation S Global Certificate initially exchanged for interests
in the Regulation S Global Certificate. The delivery to the Certificate Registrar by Euroclear or Clearstream of the certificate
or certificates referred to above may be relied upon by the Depositor and the Certificate Registrar as conclusive evidence that
the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream pursuant to the terms
of this Agreement and the Temporary Regulation S Global Certificate. Upon any exchange of interests in the Temporary Regulation
S Global Certificate for interests in the Regulation S Global Certificate, the Certificate Registrar shall endorse the Temporary
Regulation S Global Certificate to reflect the reduction in the Certificate Balance represented thereby by the amount so exchanged
and shall endorse the Regulation S Global Certificate to reflect the corresponding increase in the amount represented thereby.
Until so exchanged in full and except as provided therein, the Temporary Regulation S Global Certificate, and the Certificates
evidenced thereby, shall in all respects be entitled to the same benefits under this Agreement as the Regulation S Global Certificate
and Rule 144A Global Certificate authenticated and delivered hereunder.

 

(g)          Non-Book
Entry Certificate to Global Certificate. If a holder of a Non-Book Entry Certificate that is a Private Certificate (other
than any Risk Retention Certificate during the RR Interest Transfer Restriction Period, a Class [ARD] or Class [R] Certificate)
wishes at any time to exchange its interest in such Non-Book Entry Certificate for an interest in a Global Certificate of the
same Class, or to transfer all or part of such Non-Book Entry Certificate to an institution that is entitled to take delivery
thereof in the form of an interest in a Global Certificate, such holder may, subject to the rules and procedures of Euroclear
or Clearstream, if applicable, and the Depository, cause the exchange of all or part of such Non-Book Entry Certificate for an
equivalent beneficial interest in the appropriate Global Certificate of the same Class. Upon receipt by the Certificate Registrar,
as registrar, at its office designated in Section 5.11 of this Agreement, of (1) such Non-Book Entry Certificate, duly
endorsed as provided herein, (2) instructions from such holder directing the Certificate Registrar, as registrar, to credit, or
cause to be credited, a beneficial interest in the applicable Global Certificate equal to the portion of the Certificate Balance
of the Non-Book Entry Certificate to be exchanged, such instructions to contain information regarding the participant account
with the

 

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Depository to be credited with such increase and (3) a certificate in the form of Exhibit I to this Agreement
(in the event that the applicable Global Certificate is the Temporary Regulation S Global Certificate), in the form of Exhibit
J to this Agreement (in the event that the applicable Global Certificate is the Regulation S Global Certificate) or in the
form of Exhibit K to this Agreement (in the event that the applicable Global Certificate is the Rule 144A Global Certificate),
then the Certificate Registrar, as registrar, shall cancel, or cause to be canceled, all or part of such Non-Book Entry Certificate,
and shall, if applicable, direct the Certificate Administrator to execute, authenticate and deliver to the transferor a new Non-Book
Entry Certificate equal to the aggregate Certificate Balance of the portion retained by such transferor and shall instruct the
Depository to increase, or cause to be increased, such Global Certificate by the aggregate Certificate Balance of the portion
of the Non-Book Entry Certificate to be exchanged and to credit, or cause to be credited, to the account of the institution specified
in such instructions a beneficial interest in the applicable Global Certificate equal to the Certificate Balance of the portion
of the Non-Book Entry Certificate so canceled.

 

(h)          Exchanges
of Non-Book Entry Certificates. If a holder of a Rule 144A Global Certificate, Regulation S Global Certificate or Non-Book
Entry Certificate (other than a Public Certificate) wishes at any time to transfer its interest in such Rule 144A Global Certificate,
Regulation S Global Certificate or Non-Book Entry Certificate to a Person who is required to take delivery thereof in the form
of a Non-Book Entry Certificate, then the Certificate Registrar shall refuse to register such transfer unless it receives (and
upon receipt, may conclusively rely upon): (i) a certificate from the proposed transferor substantially in the form attached as
Exhibit L-2B to this Agreement, (ii) an investment representation letter from the proposed transferee substantially in
the form attached as Exhibit L-4 to this Agreement; and (iii) if required by the Certificate Registrar, an opinion of counsel
satisfactory to the Certificate Registrar to the effect that such transfer shall be made without registration under the Securities
Act, together with the written certification(s) as to the facts surrounding such transfer from the Certificateholder desiring
to effect such transfer and/or the proposed transferee on which such opinion of counsel is based (such opinion of counsel shall
not be an expense of the Trust or of the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate
Administrator, the Trustee or the Certificate Registrar in their respective capacities as such).

 

(i)          Transfers
of Risk Retention Certificates. At all times during the RR Interest Transfer Restriction Period, if a transfer of any Risk
Retention Certificate is to be made (i) a certification from such Certificateholder’s prospective Transferee substantially
in the form attached hereto as Exhibit L-5A (in the case of a transfer of Class VRR Certificates) or Exhibit L-5B
(in the case of a transfer of Certificates constituting the HRR Interest), which such certification must be countersigned by the
applicable Retaining Party, the Retaining Sponsor (if different than the Retaining Party) and, except in the case of Certificates
constituting the HRR Interest, the Depositor with a medallion stamp guarantee of such Retaining Party, and (ii) a certification
from the Certificateholder desiring to effect such transfer substantially in the form attached hereto as Exhibit L-6A (in
the case of a transfer of Class VRR Certificates) or Exhibit L-6B (in the case of a transfer of Certificates constituting
the HRR Interest), which such certification must be countersigned by the applicable Retaining Party (if different than the transferor),
the Retaining Sponsor (if different than the Retaining Party) and, except in the case of Certificates constituting the HRR Interest,
the Depositor with a medallion stamp guarantee of the such Retaining Party. Upon receipt of the foregoing certifications, the
Certificate Registrar

 

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shall, subject to Section 5.02(f), Section 5.03(a), Section 5.03(h), the following
provisions of this Section 5.03(i), and Section 5.03(n), reflect such Risk Retention Certificate in the name of
the prospective Transferee. In no event shall a Risk Retention Certificate be held as a Global Certificate during the RR Interest
Transfer Restriction Period. In connection with each transfer of a Risk Retention Certificate after the Closing Date, the transferor
of such Certificate shall pay to the Certificate Administrator a transfer fee of $5,000 (together with any other expenses related
to such transfer (including fees charged by the Depository, if applicable)) and such fee and expenses must be received by the
Certificate Administrator prior to the transfer date or the Certificate Administrator shall not be required to complete the requested
transfer.

 

(j)     
     Other Exchanges. In the event that a Global Certificate is exchanged for a Definitive
Certificate (other than as otherwise set forth in Section 5.02(d) of this Agreement), such Certificates may be
exchanged only in accordance with such procedures as are substantially consistent with the provisions of clauses (c) through
(f), (h) and (h) above (including the certification requirements intended to ensure that such transfers comply with Rule 144A
or Regulation S under the Act, at the case may be) and such other procedures as may from time to time be adopted by the
Certificate Registrar.

 

(k)          Restricted
Period. Prior to the termination of the Restricted Period with respect to the issuance of the Certificates, transfers of interests
in the Temporary Regulation S Global Certificate to U.S. persons (as defined in Regulation S) shall be limited to transfers made
pursuant to the provisions of clause (e) above.

 

(l)   
       If Private Certificates are issued upon the transfer, exchange or replacement of
Certificates bearing a restrictive legend relating to compliance with the Act, or if a request is made to remove such legend
on Certificates, the Private Certificates so issued shall bear the restrictive legend, or such legend shall not be removed,
as the case may be, unless there is delivered to the Certificate Registrar such satisfactory evidence, which may include an
Opinion of Counsel that neither such legend nor the restrictions on transfer set forth therein are required to ensure that
transfers thereof comply with the provisions of Rule 144A, Rule 144 or Regulation S under the Act, Regulation RR or, with
respect to Non-Book Entry Certificates, that such Certificates are not “restricted” within the meaning of Rule
144 under the Act. Upon provision of such satisfactory evidence, the Certificate Registrar shall authenticate and deliver
Certificates that do not bear such legend.

 

(m)         All
Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the Certificate
Registrar in accordance with the Certificate Registrar’s customary procedures.

 

(n)          No
Class VRR Certificate (if it is not an ERISA Restricted Certificate covered by the next sentence), Class [ARD] Certificate or
Class [R] Certificate may be purchased by or transferred to any prospective purchaser or transferee that is or will be (i) an
employee benefit plan or other plan subject to the fiduciary responsibility or prohibited transaction provisions of ERISA or Code
Section 4975 (each, a “Plan”), or (ii) any entity or collective investment fund the assets of which are considered
Plan assets under U.S. Department of Labor Reg. Section 2510.3-101, as modified by Section 3(42) of ERISA, or Similar Law (as
defined below), an insurance company that is using the assets of separate accounts or general

 

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accounts which include Plan assets
(or which are deemed to include assets of Plans) or other Person acting on behalf of any such Plan or using the assets of a Plan
(each, a “Plan Investor”) to purchase such Certificate. In addition, no ERISA Restricted Certificate or interest
therein may be purchased by or transferred to any prospective purchaser or transferee that is or will be a Plan or Plan Investor,
unless (i) such purchaser or transferee is an insurance company, (ii) the source of funds used to acquire or hold such ERISA Restricted
Certificate or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60,
and (iii) the conditions in Sections I and III of PTCE 95-60 have been satisfied. Furthermore, no ERISA Restricted Certificate,
Class [VRR] Certificate (regardless of whether it is an ERISA Restricted Certificate), Class [ARD] Certificate or Class [R] Certificate
or interest therein may be purchased by or transferred to any prospective purchaser or transferee that is or will be a governmental
plan (as defined in Section 3(32) of ERISA) or other plan that is subject to any federal, state or local law that is, to a material
extent, similar to the fiduciary responsibility or prohibited transaction provisions of ERISA or Code Section 4975 (“Similar
Law”), or to any Person acting on behalf of any such plan or using the assets of such plan to acquire such Certificate
or interest therein unless, in the case of an ERISA Restricted Certificate, its acquisition, holding and disposition of such Certificate
or an interest therein would not constitute or otherwise result in a non-exempt violation of Similar Law. Except in connection
with the transfer or deemed transfer thereof by the Depositor, an Initial Purchaser or, if occurring on the Closing Date, the
Retaining Sponsor, each prospective transferee of an ERISA Restricted Certificate, a Class VRR Certificate (regardless of whether
it is an ERISA Restricted Certificate), a Class [ARD] Certificate or a Class [R] Certificate the form of a Non-Book Entry Certificate
shall deliver to the transferor, the Depositor, the Certificate Registrar, the Certificate Administrator and the Trustee representation
letters, substantially in the form of Exhibit L-3 and Exhibit L-4 to this Agreement. Each beneficial owner of a
Certificate (other than a Class [ARD] or Class [R] Certificate) or any interest therein will be deemed to have represented, by
virtue of its acquisition or holding of such Certificate or interest therein, that either (i) it is not a Plan or Plan Investor,
(ii) except in the case of an ERISA Restricted Certificate or a Class [VRR] Certificate (regardless of whether it is an ERISA
Restricted Certificate), it has acquired and is holding the Certificates in reliance on the Underwriter Exemption, and that it
understands that there are certain conditions to the availability of the Underwriter Exemption, including that the Certificates
must be rated, at the time of purchase, not lower than “[___]” (or its equivalent) by a rating agency that meets the
requirements of the Underwriter Exemption and that such Certificate is so rated and that it is an Institutional Accredited Investor
or (iii) [except in the case of a Class [VRR] Certificate (unless it is being sold or transferred through [Citigroup Global Markets
Inc]. or [OTHER UNDERWRITERS]), (1) it is an insurance company, (2) the source of funds used to acquire or hold the Certificate
or interest therein is an “insurance company general account,” as such term is defined in PTCE 95-60, and (3) the
conditions in Sections I and III of PTCE 95-60 have been satisfied. Each beneficial owner of a Certificate or an interest therein
which is a governmental plan or other plan subject to Similar Law shall be deemed to have represented, by virtue of its acquisition
or holding of such Certificate or interest therein that the acquisition, holding and disposition of such Certificate or an interest
therein by the purchaser will not constitute or otherwise result in a non-exempt violation of Similar Law. Any attempted or purported
transfer in violation of these transfer restrictions shall be null and void ab initio and shall vest no rights in any purported
transferee and shall not relieve the transferor of any obligations with respect to the applicable Certificates.

 

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(o)          Each
Person who has or acquires any Residual Ownership Interest shall be deemed by the acceptance or acquisition of such Residual Ownership
Interest to have agreed to be bound by the following provisions and the rights of each Person acquiring any Residual Ownership
Interest are expressly subject to the following provisions:

 

(i)      
    Each Person acquiring or holding any Residual Ownership Interest shall be a Permitted Transferee and
shall not acquire or hold such Residual Ownership Interest as agent (including a broker, nominee or other middleman) on
behalf of any Person that is not a Permitted Transferee. Any such Person shall promptly notify the Certificate Registrar of
any change or impending change in its status (or the status of the beneficial owner of such Residual Ownership Interest) as a
Permitted Transferee. Any acquisition described in the first sentence of this Section 5.03(o) by a Person who is not a
Permitted Transferee or by a Person who is acting as an agent of a Person who is not a Permitted Transferee shall be void ab
initio and of no effect, and the immediately preceding owner who was a Permitted Transferee shall be restored to registered
and beneficial ownership of the Residual Ownership Interest as soon and as fully as possible.

 

(ii)          No
Residual Ownership Interest may be Transferred, and no such Transfer shall be registered in the Certificate Register, without
the express written consent of the Certificate Registrar, and the Certificate Registrar shall not recognize the Transfer, and
such proposed Transfer shall not be effective, without such consent with respect thereto. In connection with any proposed Transfer
of any Residual Ownership Interest, other than in connection with the initial Transfer thereof to the Initial Purchasers, the
Certificate Registrar shall, as a condition to such consent, (x) require the proposed transferee to deliver, and the proposed
transferee shall deliver to the Certificate Registrar and to the proposed transferor, an affidavit in substantially the form attached
as Exhibit L-1 to this Agreement (a “Transferee Affidavit”) of the proposed transferee (A) that such
proposed transferee is a Permitted Transferee and (B) stating that (1) the proposed transferee historically has paid its debts
as they have come due and intends to do so in the future, (2) the proposed transferee understands that, as the holder of a Residual
Ownership Interest, it may incur tax liabilities in excess of cash flows generated by the residual interest, (3) the proposed
transferee intends to pay taxes associated with holding the Residual Ownership Interest as they become due, (4) the proposed transferee
will not cause income with respect to the Residual Ownership Interest to be attributable to a foreign permanent establishment
or fixed base, within the meaning of an applicable income tax treaty, of such proposed transferee or any other U.S. Tax Person,
(5) the proposed transferee will not transfer the Residual Ownership Interest to any Person that does not provide a Transferee
Affidavit or as to which the proposed transferee has actual knowledge that such Person is not a Permitted Transferee or is acting
as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted Transferee, and (6) the proposed
transferee expressly agrees to be bound by and to comply with the provisions of this Section 5.03(o) and (y) other than
in connection with the initial issuance of a Class [R] Certificate or the Transfer of any Class [R] Certificate by any Initial
Purchaser in connection with the initial offering of the Certificates, require a statement from the proposed transferor substantially
in the form attached as Exhibit L-2A to this Agreement (the “Transferor Letter”), that the proposed
transferor has no actual knowledge that the proposed transferee is not a Permitted Transferee and

 

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has no actual knowledge or reason
to know that the proposed transferee’s statements in the preceding clauses (x)(B)(1) or (3) are false.

 

(iii)         Notwithstanding
the delivery of a Transferee Affidavit by a proposed transferee under clause (o)(ii) above, if a Responsible Officer of the Certificate
Registrar has actual knowledge that the proposed transferee is not a Permitted Transferee, no Transfer to such proposed transferee
shall be effected and such proposed Transfer shall not be registered on the Certificate Register; provided, however,
the Certificate Registrar shall not be required to conduct any independent investigation to determine whether a proposed transferee
is a Permitted Transferee. Upon notice to the Certificate Registrar that there has occurred a Transfer to any Person that is a
Disqualified Organization or an agent thereof (including a broker, nominee or middleman) in contravention of the foregoing restrictions,
and in any event not later than 60 days after a request for information from the transferor of such Residual Ownership Interest
or such agent, the Certificate Registrar and the Certificate Administrator agree to furnish to the IRS and the transferor of such
Residual Ownership Interest or such agent such information necessary to the application of Code Section 860E(e) as may be required
by the Code, including, but not limited to, the present value of the total anticipated excess inclusions with respect to such
Class [R] Certificate (or portion thereof) for periods after such Transfer. At the election of the Certificate Registrar, the
Certificate Registrar may charge a reasonable fee for computing and furnishing such information to the transferor or to such agent
referred to above; provided, however, such Persons shall in no event be excused from furnishing such information.

 

(iv)         The
Class [R] Certificates may only be represented by Definitive Certificates and may only be transferred to and owned by Qualified
Institutional Buyers.

 

(v)          The
Class [ARD] Certificates may only be represented by Definitive Certificates and may only be transferred to and owned by Qualified
Institutional Buyers or Institutional Accredited Investors.

 

(p)          Any
attempted or purported transfer in violation of the transfer restrictions set forth in this Article V shall be null and
void ab initio and shall vest no rights in any purported transferee and shall not relieve the transferor of any obligations with
respect to the applicable Certificates.

 

Section
5.04      Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate
is surrendered to the Certificate Registrar, or the Certificate Registrar receives evidence to its satisfaction of the
destruction, loss or theft of any Certificate and (b) there is delivered to the Certificate Registrar, the Trustee and the
Certificate Administrator such security or indemnity as may be required by it to save it harmless, then, in the absence of
actual notice that such Certificate has been acquired by a bona fide purchaser, the Certificate Registrar shall direct the
Certificate Administrator to execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed,
lost or stolen Certificate, a new Certificate of like tenor and interest in the Trust Fund. In connection with the issuance
of any new Certificate under this Section 5.04, the Certificate Registrar and the Certificate Administrator may
require the payment of a sum sufficient to cover any expenses (including the

 

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fees and expenses of the Certificate Registrar)
connected therewith. Any replacement Certificate issued pursuant to this Section 5.04 shall constitute complete and
indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed
Certificate shall be found at any time.

 

Section
5.05     Persons Deemed Owners. The Master Servicer, the Special Servicer, the Operating
Advisor, the Trustee, the Certificate Administrator and the Certificate Registrar, and any agent of any of them, may treat
the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving
distributions as provided in this Agreement and for all other purposes whatsoever, and neither the Master Servicer, the
Special Servicer, the Operating Advisor, the Trustee, the Certificate Administrator, the Certificate Registrar, nor any agent
of any of them shall be affected by any notice to the contrary; provided, however, that to the extent that a
party to this Agreement responsible for distributing any report, statement or other information required to be distributed to
Certificateholders has been provided an Investor Certification, such party to this Agreement shall distribute such report,
statement or other information to such Certificate Owner (or prospective transferee) under the same circumstances, and
subject to the same conditions, as such report, statement or other information would be provided to a
Certificateholder.

 

Section
5.06     Appointment of Paying Agent. The Certificate Administrator may appoint (and, if it
does not so appoint, shall act as) a paying agent for the purpose of making distributions to Certificateholders pursuant to Section
4.01 of this Agreement. The Certificate Administrator shall cause such Paying Agent, if other than the Certificate
Administrator or the Master Servicer, to execute and deliver to the Master Servicer and the Certificate Administrator an
instrument that is consistent in all material respects with this Agreement and in which such Paying Agent shall agree with
the Master Servicer and the Certificate Administrator that such Paying Agent will hold all sums held by it for the payment to
Certificateholders in trust for the benefit of the Certificateholders entitled thereto until such sums have been paid to the
Certificateholders or disposed of as otherwise provided herein. The initial Paying Agent shall be the Certificate
Administrator. The Paying Agent shall at all times be an entity having a long-term unsecured debt rating of at least
“[___]” by [RA5] and “[___]” by [RA1], or shall be otherwise acceptable to each Rating
Agency.

 

Section
5.07      Access to Certificateholders’ Names and Addresses; Special Notices.

 

(a)          The
Certificate Registrar shall maintain in as current form as is reasonably practicable the most recent list available to it of the
names and addresses of the Certificateholders. If any Certificateholder or Certificate Owner (a “Certifying Certificateholder”)
that has delivered an executed certification as contemplated by Section 5.07(c) reflecting the appropriate information
to the Certificate Administrator at [_______________] (i) requests in writing from the Certificate Registrar a list of the names
and addresses of Certificateholders, (ii) states that such Certifying Certificateholder desires to communicate with other Certificateholders
and Certificate Owners with respect to its rights under this Agreement or under the Certificates and (iii) provides a copy of
the communication which Certifying Certificateholder proposes to transmit, then the Certificate Registrar shall, within ten (10)
Business Days after the receipt of such request (a “Communication Request”), 

 

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furnish such Certifying Certificateholder
(at such Certifying Certificateholder’s sole cost and expense) a list of the names and addresses of the Certificateholders
as of the most recent Record Date as they appear in the Certificate Register. Every Certificateholder, by receiving and holding
a Certificate, agrees that the Certificate Registrar shall not be held accountable by reason of the disclosure of any such information
as to the list of the Certificateholders hereunder, regardless of the source from which information was derived. The Master Servicer,
the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the Depositor shall be entitled to
a list of the names and addresses of Certificateholders from time to time upon request therefor.

 

(b)          The
Certificate Administrator shall include in any Form 10-D any written request received in accordance with Section 5.07(a)
prior to the Distribution Date to which the Form 10-D relates (and on or after the Distribution Date preceding such Distribution
Date) from a Certificateholder or Certificate Owner to communicate with other Certificateholders or Certificate Owners related
to Certificateholders or Certificate Owners exercising their rights under the terms of this Agreement. Any Form 10-D containing
such disclosure (a “Special Notice”) regarding the request to communicate shall include the following and no
more than the following (a) the name of the Certificateholder or Certificate Owner making the request, (b) the date the request
was received, (c) a statement to the effect that the Certificate Administrator has received such request, stating that such Certificateholder
or Certificate Owner is interested in communicating with other Certificateholders or Certificate Owners with regard to the possible
exercise of rights under this Agreement, and (d) a description of the method other Certificateholders or Certificate Owners may
use to contact the requesting Certificateholder or Certificate Owner.

 

(c)          In
verifying the identity of any Certificateholder or Certificate Owner in connection with any request to communicate, (i) if the
Certificateholder or Certificate Owner is the holder of record with respect to any Certificate, the Certificate Administrator
shall not require any further verification or (ii) if the Certificateholder or Certificate Owner is not the holder of record with
respect to any Certificate, the Certificate Administrator shall require no more than (x) a written certification from such Certificateholder
or Certificate Owner that it is the beneficial owner of a Certificate and (y) one of the following documents confirming ownership
of such Certificate: a trade confirmation, an account statement, a letter from a broker-dealer or another document acceptable
to the Certificate Administrator that is similar to any of the foregoing documents. The Certificate Administrator shall not have
any obligation to verify the information provided by any Certificateholder or Certificate Owner in any request to communicate
and may rely on such information conclusively. Any Certificateholder or Certificate Owner will be responsible for its own expenses
in making any Communication Request, but will not be required to bear any expenses of the Certificate Administrator. Any expenses
the Certificate Administrator incurs in connection with any request to communicate will be paid by the Trust.

 

Section
5.08     Actions of Certificateholders.

 

(a)          Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken
by Certificateholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by

 

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such
Certificateholders in person or by agent duly appointed in writing; and except as herein otherwise expressly provided, such action
shall become effective when such instrument or instruments are delivered to the Certificate Administrator and, when required,
to the Depositor, the Master Servicer or the Special Servicer. Proof of execution of any such instrument or of a writing appointing
any such agent shall be sufficient for any purpose of this Agreement and conclusive in favor of the Trustee, the Certificate Administrator,
the Depositor, the Special Servicer and the Master Servicer, if made in the manner provided in this Section.

 

(b)          The
fact and date of the execution by any Certificateholder of any such instrument or writing may be proved in any reasonable manner
which the Certificate Administrator deems sufficient.

 

(c)          Any
request, demand, authorization, direction, notice, consent, waiver or other act by a Certificateholder shall bind every Holder
of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of
anything done, or omitted to be done, by the Trustee, the Certificate Administrator, the Depositor, the Special Servicer or the
Master Servicer in reliance thereon, whether or not notation of such action is made upon such Certificate.

 

(d)          The
Certificate Administrator or Certificate Registrar may require such additional proof of any matter referred to in this Section
5.08 as it shall deem necessary.

 

Section
5.09     Authenticating Agent. The Certificate Administrator may appoint an Authenticating
Agent to execute and to authenticate Certificates. The Authenticating Agent must be acceptable to the Depositor and must be
an entity organized and doing business under the laws of the United States of America or any state, having a principal office
and place of business in a state and city acceptable to the Depositor, having a combined capital and surplus of at least
$[15,000,000], authorized under such laws to do a trust business and subject to supervision or examination by federal or
state authorities. The Certificate Administrator shall serve as the initial Authenticating Agent and the Certificate
Administrator hereby accepts such appointment.

 

Any
entity into which the Authenticating Agent may be merged or converted or with which it may be consolidated, or any entity resulting
from any merger, conversion or consolidation to which the Authenticating Agent shall be party, or any entity succeeding to the
corporate agency business of the Authenticating Agent, shall be the Authenticating Agent without the execution or filing of any
paper or any further act on the part of the Certificate Administrator or the Authenticating Agent.

 

The
Authenticating Agent may at any time resign by giving at least 30 days’ advance written notice of resignation to the Certificate
Administrator and the Depositor. The Certificate Administrator may at any time terminate the agency of the Authenticating Agent
by giving written notice of termination to the Authenticating Agent and the Depositor. Upon receiving a notice of resignation
or upon such a termination, or in case at any time the Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section 5.09, the Certificate Administrator promptly shall appoint a successor Authenticating Agent,
which shall be acceptable to the Depositor, and shall mail notice of such appointment to

 

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 all Certificateholders. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and
responsibilities of its predecessor hereunder, with like effect as if originally named as Authenticating Agent herein. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section 5.09.

 

The
Authenticating Agent shall have no responsibility or liability for any action taken by it as such at the direction of the Certificate
Administrator. Any compensation paid to the Authenticating Agent shall be an unreimbursable expense of the Certificate Administrator.
The appointment of an Authenticating Agent shall not relieve the Certificate Administrator from any of its obligations hereunder,
and the Certificate Administrator shall remain responsible for all acts and omissions of the Authenticating Agent.

 

Section
5.10     Appointment of Custodian.  The Trustee may appoint one or more Custodians to
hold all or a portion of the Mortgage Files as agent for the Trustee, by entering into a Custodial Agreement (in the event
the Trustee is not the Custodian) that is consistent in all material respects with this Agreement. The Trustee shall give
prompt written notice to the Depositor of any appointment of a Custodian. The Trustee agrees to comply with the terms of each
Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of the
Certificateholders and Serviced Companion Loan Holders. Each Custodian shall be a depository institution subject to
supervision by federal or state authority, shall have a combined capital and surplus of at least $[10,000,000], shall have a
long-term debt rating of at least “[___]” by [RA5] and “[___]” from [RA1], and shall be qualified to
do business in the jurisdiction in which it holds any Mortgage File. Each Custodial Agreement may be amended only as provided
in Section 12.07 of this Agreement. Any compensation paid to the Custodian shall be an unreimbursable expense of the
Trustee. The Trustee shall serve as the initial Custodian and shall be deemed appointed as Custodian at all times that no
other party is so appointed in accordance with this Section 5.10. The Custodian, if the Custodian is not the Trustee,
shall maintain a fidelity bond in the form and amount that are customary for securitizations similar to the securitization
evidenced by this Agreement, with the Trustee named as loss payee. The Custodian shall be deemed to have complied with this
provision if one of its respective Affiliates has such fidelity bond coverage and, by the terms of such fidelity bond, the
coverage afforded thereunder extends to the Custodian. In addition, the Custodian shall keep in force during the term of this
Agreement a policy or policies of insurance covering loss occasioned by the errors and omissions of its officers and
employees in connection with its obligations hereunder in the form and amount that are customary for securitizations similar
to the securitization evidenced by this Agreement, with the Trustee named as loss payee. All fidelity bonds and policies of
errors and omissions insurance obtained under this Section 5.10 shall be issued by a Qualified Insurer, or by any
other insurer with respect to which the Rating Agencies have provided to the Trustee a Rating Agency Confirmation. The
appointment of a Custodian shall not relieve the Trustee from any of its obligations hereunder, and the Trustee shall remain
responsible for all acts and omissions of the Custodian. In the event the Trustee is the Custodian, the Custodian may
self-insure.

 

Section
5.11     Maintenance of Office or Agency. The Certificate Registrar shall maintain or cause
to be maintained an office or offices or agency or agencies where Certificates may be surrendered for registration of
transfer or exchange and where notices and

 

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demands to or upon the Certificate Registrar in respect of the Certificates and
this Agreement may be served. The Certificate Registrar initially designates its office at [address],
as its office for such purposes. The Certificate Registrar shall give prompt written notice to the Certificateholders of any
change in the location of the Certificate Register or any such office or agency.

 

Section
5.12     Exchanges of Exchangeable Certificates.

 

(a)          At
all times, the Class [A-S], Class [B] and Class [C] Certificates shall represent beneficial ownership interests in the Class [A-S]
Percentage Interest, the Class [B] Percentage Interest and the Class [C] Percentage Interest, respectively, in the Class [A-S]
Regular Interest, Class [B] Regular Interest and Class [C] Regular Interest, respectively. At all times, the Class [EC] Certificates
shall represent beneficial ownership interests in the Class [EC] Components.

 

(b)          On
the Closing Date, the Grantor Trust shall issue the several Classes of Exchangeable Certificates. Each Class of Exchangeable Certificates
shall be initially issued on the Closing Date with the respective aggregate Certificate Balance set forth for such Class in the
Preliminary Statement.

 

(c)          Following
the Closing Date and subject to the conditions set forth in Section 5.12(d), (i) if a Certificateholder holds Class [A-S]
Certificates, the Class [B] Certificates and the Class [C] Certificates in an Exchangeable Proportion, then those Exchangeable
Certificates may be exchanged on the books of the Depository for Class [EC] Certificates that represent the same Tranche Percentage
Interest in each Class [EC] Regular Interest as the Certificates to be surrendered and (ii) a Certificateholder that holds Class
[EC] Certificates may exchange its Certificates on the books of the Depository for Class [A-S] Certificates, Class [B] Certificates
and Class [C] Certificates that evidence the same Tranche Percentage Interest in the Class [EC] Regular Interests as the Class
[EC] Certificates being surrendered.

 

(d)          An
exchange of Exchangeable Certificates may only occur if the Class [A-S], Class [B] and Class [C] Certificates being surrendered
or received in such exchange have denominations no smaller than the minimum Denominations set forth in Section 5.01. No
exchange of Exchangeable Certificates may occur pursuant to this Section 5.12 after the date when the then-current Certificate
Balance of the Class [A-S] Regular Interest (and correspondingly, the Class [A-S] Certificates and, to the extent evidencing an
interest in the Class [A-S] Regular Interest, the Class [EC] Certificates) has been reduced to zero as a result of the payment
in full of all interest and principal thereon. There shall be no limitation on the number of exchanges of Exchangeable Certificates
authorized pursuant to this Section 5.12. In addition, the Depositor shall have the right to make or cause exchanges on
the Closing Date pursuant to instructions delivered to the Certificate Administrator on the Closing Date.

 

(e)          At
the request of the Holder of a Class or Classes of Exchangeable Certificates, and upon the surrender of such Exchangeable Certificates
(in the case of an exchange of Class [A-S], Class [B] and Class [C] Certificates for Class [EC] Certificates, in the applicable
Exchangeable Proportion), the Certificate Administrator, on behalf of the Trustee, shall deliver (by the means set forth in the
penultimate sentence of Section 5.12(h)) the

 

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corresponding Exchangeable Certificates to which such Certificateholder is
entitled as set forth in Section 5.12(c).

 

(f)          In
connection with any exchange of Exchangeable Certificates, the Certificate Registrar shall reduce the outstanding aggregate Certificate
Balance of the Class or Classes of Exchangeable Certificates surrendered by the applicable Holder on the Certificate Register
and shall increase the outstanding aggregate Certificate Balance of the related Class or Classes of Exchangeable Certificates
received by such Holder in such exchange on the Certificate Register, and the Certificate Registrar or the Certificate Administrator,
as applicable, shall approve the instructions at the Depository and make appropriate notations on the Global Certificate for each
Class of Exchangeable Certificates to reflect such reductions and increases.

 

(g)          In
order to effect an exchange of Exchangeable Certificates, the Certificateholder shall notify the Certificate Administrator by
e-mail at “[email address]” and setting forth the proposed Exchange
Date) no later than three (3) Business Days before the proposed exchange date (the “Exchange Date”). The Exchange
Date may be any Business Day other than the first or last Business Day of the month. An exchange notice must (i) be set forth
on the applicable Certificateholder’s letterhead, (ii) carry a medallion stamp guarantee and (iii) set forth the following
information: the CUSIP Number of each Exchangeable Certificate to be exchanged and each Exchangeable Certificate to be received;
the original and outstanding Certificate Balance of the Exchangeable Certificates to be exchanged and the original and outstanding
Certificate Balance of the Exchangeable Certificates to be received; the Certificateholder’s Depository participant number;
and the proposed Exchange Date. After receiving the notice, the Certificate Administrator shall e-mail the Certificateholder (at
such address specified in writing by such Certificateholder) with wire payment instructions relating to the exchange fee and expenses
set forth in Section 5.12(h). The Certificateholder and the Certificate Registrar shall utilize the “deposit and
withdrawal system” at the Depository to effect the exchange of the applicable Exchangeable Certificates. A notice shall
become irrevocable on the second (2nd) Business Day before the proposed Exchange Date. Exchangeable Certificates shall be exchangeable
on the books of the Depository for the corresponding Exchangeable Certificates on and after the Closing Date, by notice to the
Certificate Administrator substantially in the form of Exhibit EE.

 

(h)          In
connection with each exchange (other than any exchanges on the Closing Date pursuant to instructions from the Depositor), the
Certificateholder shall pay the Certificate Administrator an exchange fee of $[5,000] (together with any other expenses related
to such exchange (including fees charged by Depository)) and such fee and expenses must be received by the Certificate Administrator
prior to the Exchange Date or the Certificate Administrator shall not be required to complete the requested exchange. The Certificate
Administrator shall make the first distribution on an Exchangeable Certificate received by a Certificateholder in any exchange
on the Distribution Date in the month following the month of exchange to the Certificateholder of record as of the applicable
Record Date for such Certificate and Distribution Date. If an Exchange Date occurs in any month before the Distribution Date in
such month, then any distributions to be made on such Distribution Date on any Certificates surrendered in the exchange shall
be so made to the Certificateholder of record as of the applicable Record Date for such Certificates and such Distribution Date.
Neither the Certificate

 

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Administrator, the Trustee nor the Depositor shall have any obligation to ensure the availability of the
applicable Certificates in the market to accomplish any exchange.

 

Section
5.13     Voting Procedures. With respect to any matters submitted to Certificateholders for a
vote, the Certificate Administrator shall administer such vote through the Depository with respect to Global Certificates and
directly with registered Holders by mail with respect to Definitive Certificates. In each case, such vote shall be
administered in accordance with the following procedures, unless different procedures are otherwise described herein with
respect to a specific vote:

 

(a)          Any
matter submitted to Certificateholders for a vote shall be announced in a notice prepared by the Certificate Administrator. Such
notice shall include the record date determined by the Certificate Administrator for purposes of the vote and a voting deadline
which, unless otherwise specifically contemplated herein for any particular matter, shall be no less than thirty (30) days and
no later than sixty (60) days after the date such notice is distributed. The notice and related ballot shall be sent to Holders
of Global Certificates through the Depository and by mail to the registered Holders of Definitive Certificates. In addition, the
notice and related ballot shall be posted to the Certificate Administrator’s Website. Notices delivered in this manner shall
be considered delivered to all Holders regardless of whether any Holder actually receives the notice and ballot.

 

(b)          In
connection with any vote administered pursuant to this Agreement, voting Holders shall be required to certify their holdings in
the manner set forth on the ballot, unless a specific manner is otherwise provided herein. Holders may only vote in accordance
with their Voting Rights. Voting Rights with respect to any outstanding Class of Certificates shall be calculated by the Certificate
Administrator in accordance with the definition of Voting Rights as of the record date for the vote. Only Classes with an outstanding
Certificate Balance or Notional Amount, as applicable, greater than zero as of the record date of the vote shall be permitted
to vote. Once a Holder has cast its vote, the vote may be changed or retracted on or before the vote deadline. Any changes or
retractions shall be communicated by the Certificateholder to the Certificate Administrator in writing on a ballot. After the
vote deadline has passed, votes may not be changed or retracted by any Holder unless the Holder wishing to change or retract its
vote holds a sufficient portion of the Voting Rights such that the Holder, by its vote alone, could approve or deny the proposition
subject to a vote without taking into consideration the votes cast by any other Holder. Transferees or purchasers of any Class
of Certificates are subject to and shall be bound by all votes of Holders initiated or conducted prior to its acquisition of such
Certificate.

 

(c)          The
Certificate Administrator may take up to fifteen (15) Business Days to tabulate the results of any vote. The Certificate Administrator
shall use its reasonable efforts to resolve any illegible or incomplete ballots received prior to the voting deadline. Illegible
or incomplete ballots that are received on the voting deadline or that cannot be resolved by the voting deadline shall not be
counted. Promptly after the votes are tabulated, the Certificate Administrator shall prepare a notice announcing the results of
the vote. Such notice shall include the percentage of Voting Rights in favor of the proposition, the percentage against the proposition
and the percentage abstaining. In addition, the notice will announce whether the proposition has been adopted by Certificateholders.
The notice

 

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shall be distributed in accordance with the methods described in Section 5.12(a) above. The Certificate Administrator
shall also include such notice on the Form 10-D prepared in connection with the distribution period that corresponds with the
date such notice is distributed. All vote tabulations shall be final and the Certificate Administrator shall not, absent manifest
error, re-tabulate the votes or conduct a new vote for the same proposition.

 

(d)          Unless
otherwise specifically provided herein, any and all reasonable expenses incurred by the Certificate Administrator in connection
with administering any vote shall be borne by the Trust. The Certificate Administrator is under no obligation to advise Holders
about the matter being voted on or answer questions other than process-related questions regarding the administration of the vote.

 

(e)          If
any party to this Agreement believes a vote of Certificateholders is needed for some matter related to the administration of the
Trust that is not specifically contemplated herein, such party may request the Certificate Administrator to conduct a vote and
the Certificate Administrator will conduct the requested vote in accordance with these procedures. Unless specifically provided
herein, all such votes require a majority of Certificateholders to carry a proposition

 

Article
VI

THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL SERVICER, the Operating Advisor and the Controlling Class Representative

 

Section
6.01    Liability of the Depositor, the Master Servicer, the Special Servicer and the Operating
Advisor. The Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Operating
Advisor each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this
Agreement. Each of the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Operating Advisor
shall indemnify the Depositor (and any employee, director or officer of the Depositor), the Trust Fund, the Holders of the
Class [LOAN-SPECIFIC] Certificates and the Serviced Companion Loan Holders and hold the Depositor (and any employee, director
or officer of the Depositor), the Trust Fund, the Holders of the Class [LOAN-SPECIFIC] Certificates and the Serviced
Companion Loan Holders harmless against any loss, liability or reasonable expense (including, without limitation, reasonable
attorneys’ fees and expenses) incurred by such parties (i) as a result of any willful misconduct, bad faith, fraud or
negligence in the performance of duties of the Master Servicer, the Special Servicer, the Asset Representations Reviewer or
the Operating Advisor, as the case may be, or by reason of negligent disregard of the Master Servicer’s, the Special
Servicer’s, the Asset Representations Reviewer’s or the Operating Advisor’s, as the case may be,
obligations or duties hereunder, or (ii) as a result of the breach by the Master Servicer, the Special Servicer, the Asset
Representations Reviewer or the Operating Advisor, as the case may be, of any of its representations or warranties contained
herein. The Depositor shall indemnify the Trust Fund and the Master Servicer, the Special Servicer, the Trustee, the
Certificate Administrator, the Asset Representations Reviewer and the Operating Advisor, and any member, manager, employee,
director or officer of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the
Asset Representations Reviewer or the Operating Advisor and hold the Trust Fund and the Master Servicer, the Special
Servicer,

 

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the Trustee, the Certificate Administrator, the Asset Representations Reviewer and the Operating Advisor and any
member, manager, employee, director or officer of either the Master Servicer, the Special Servicer, the Trustee, the Asset
Representations Reviewer or the Operating Advisor harmless against any loss, liability or reasonable expense (including,
without limitation, reasonable attorneys’ fees and expenses) incurred by such parties (i) in connection with any
willful misconduct, bad faith, fraud and/or negligence in the performance of duties of the Depositor or by reason of
negligent disregard of the Depositor obligations or duties hereunder, or (ii) as a result of the breach by the Depositor of
any of its representations or warranties contained herein.

 

Section
6.02     Merger or Consolidation of the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the
Operating Advisor. Subject to the following paragraph, each of the Master Servicer, the Special Servicer, the Asset
Representations Reviewer and the Operating Advisor shall keep in full effect its existence, rights and good standing as a
national banking association, a corporation or a limited liability company, as applicable, under the laws of the state of its
organization and shall not jeopardize its ability to do business in each jurisdiction in which the Mortgaged Properties are
located, to the extent necessary to perform its obligations under this Agreement, or to protect the validity and
enforceability of this Agreement, the Certificates or any of the Mortgage Loans, the Trust Subordinate Companion Loan or
Companion Loans and to perform its respective duties under this Agreement.

 

Each
of the Master Servicer, the Special Servicer, the Asset Representations Reviewer and the Operating Advisor may be merged or consolidated
with or into any Person, or transfer all or substantially all of its assets (which may be limited to all or substantially all
of its assets related to commercial mortgage loan servicing or, in the case of the Operating Advisor, may be limited to all or
substantially all of its assets related to acting as a trust advisor or operating advisor for commercial mortgage securitizations)
to any Person, in which case any Person resulting from any merger or consolidation to which it shall be a party, or any Person
succeeding to its business, shall be the successor of the Master Servicer, the Special Servicer, the Asset Representations Reviewer
or the Operating Advisor, as applicable, hereunder, and shall be deemed to have assumed all of the liabilities of the Master Servicer,
the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable, hereunder, if each of the Rating
Agencies has provided a Rating Agency Confirmation; provided that if the Master Servicer, the Special Servicer, the Asset
Representations Reviewer or the Operating Advisor enters into a merger and the Master Servicer, the Special Servicer, the Asset
Representations Reviewer or the Operating Advisor, as applicable, is the surviving entity under applicable law, then the Master
Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating Advisor, as applicable, shall not, as a result
of the merger, be required to provide a Rating Agency Confirmation.

 

The
Asset Representations Reviewer shall keep in full effect its existence and rights as an entity under the laws of the jurisdiction
of its organization, and shall be in compliance with the laws of all jurisdictions to the extent necessary to perform its duties
under this Agreement.

 

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Any
Person into which the Asset Representations Reviewer may be merged or consolidated, or any Person resulting from any merger or
consolidation to which the Asset Representations Reviewer shall be a party, or any Person succeeding to the business of the Asset
Representations Reviewer, shall be the successor of the Asset Representations Reviewer hereunder, and shall be deemed to have
assumed all of the liabilities and obligations of such Asset Representations Reviewer hereunder, without the execution or filing
of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided,
however, that the Trustee has received a Rating Agency Confirmation with respect to such successor or surviving Person.

 

Section
6.03    Limitation on Liability of the Depositor, the Master Servicer, the Special Servicer, the Operating
Advisor and Others. None of the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer,
the Operating Advisor or any of the directors, members, managers, officers, employees or agents of the Depositor, the Master Servicer,
the Special Servicer, the Asset Representations Reviewer or the Operating Advisor shall be under any liability to the Trust Fund,
the Certificateholders, the Holders of the Class [loan-specific] Certificates,
the Companion Loan Holders or any other Person for any action taken, or for refraining from the taking of any action, in good
faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect
the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer, the Operating Advisor or any such
Person against liability which would be imposed by reason of (i) any breach of warranty or representation by such respective party
in this Agreement or (ii) any willful misconduct, bad faith, fraud or negligence on the part of such respective party in the performance
of its obligations and duties hereunder or by reason of negligent disregard on the part of such respective party of its obligations
or duties hereunder. The Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer, the Operating
Advisor and any director, member, manager, officer, employee or agent of the Depositor, the Master Servicer, the Special Servicer,
the Asset Representations Reviewer or the Operating Advisor may rely in good faith on any document of any kind which, prima facie,
is properly executed and submitted by any appropriate Person respecting any matters arising hereunder. The Depositor, the Master
Servicer, the Special Servicer, the Asset Representations Reviewer, the Operating Advisor and any director, member, manager, officer,
employee or agent of the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer or the Operating
Advisor shall be indemnified and held harmless by the Trust Fund (which indemnification amounts shall be payable out of the Collection
Account or the applicable Loan Combination Custodial Account if and to the extent with respect to a Serviced Loan Combination
and then out of the Collection Account, provided that, to the extent that the amount relates to a Serviced Loan Combination,
is required under the related Co-Lender Agreement to be borne by the holder of a related Serviced Companion Loan and is paid from
the Collection Account because funds on deposit in the applicable Loan Combination Custodial Account are insufficient to pay such
indemnification, then the Master Servicer shall from time to time thereafter use amounts otherwise payable to the holder of such
Serviced Companion Loan to deposit into the Collection Account the amount so paid from the Collection Account) against any loss,
liability, penalty, fine, forfeiture, claim, judgment or expense (including reasonable legal fees and expenses) incurred in connection
with, or relating to, this Agreement or the Certificates, other than any such loss, liability, penalty, fine, forfeiture, claim,
judgment or expense (including reasonable legal fees and expenses) (i) incurred by reason of willful misconduct, bad faith, fraud
or negligence in the performance of obligations

 

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or duties hereunder or by reason of negligent disregard of obligations or duties
hereunder, in each case by the Person being indemnified, (ii) with respect to any such party, resulting from the breach by such
party of any of its representations or warranties contained herein, (iii) specifically required to be borne by the party seeking
indemnification without right of reimbursement pursuant to the terms hereof or (iv) which constitutes an Advance that is otherwise
reimbursable hereunder. None of the Depositor, the Master Servicer, the Special Servicer, the Asset Representations Reviewer or
the Operating Advisor shall be under any obligation to appear in, prosecute or defend any legal action unless such action is related
to its respective duties under this Agreement and in its opinion does not expose it to any expense or liability for which reimbursement
is not reasonably assured; provided, however, that each of the Depositor, the Master Servicer, the Special Servicer,
the Asset Representations Reviewer and the Operating Advisor may in its discretion undertake any such action related to its obligations
hereunder which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such event, the reasonable legal expenses and costs of such action and
any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund (payable out of the Collection Account
or the applicable Loan Combination Custodial Account if and to the extent with respect to a Serviced Loan Combination and then
out of the Collection Account, provided that to the extent that the amount relates to a Serviced Loan Combination, is required
under the related Co-Lender Agreement to be borne by the holder of a related Serviced Companion Loan and is paid from the Collection
Account because funds on deposit in the applicable Loan Combination Custodial Account are insufficient to pay such indemnification,
then the Master Servicer shall from time to time thereafter use amounts otherwise payable to the holder of such Serviced Companion
Loan to deposit into the Collection Account the amount so paid from the Collection Account), and the Depositor, the Master Servicer,
the Special Servicer, the Asset Representations Reviewer and the Operating Advisor shall be entitled to be reimbursed therefor
from the Collection Account or the applicable Loan Combination Custodial Account, as applicable, as provided in Section 3.06
and Section 3.06A of this Agreement.

 

Each
of the related Outside Servicer, the related Outside Special Servicer or the related Outside Trustee, as applicable, shall be
entitled to reimbursement out of general collections in the Collection Account for the Trust’s pro rata share of
any fees, costs or expenses incurred in connection with the servicing and administration of an Outside Serviced Loan Combination
as to which the securitization trust created under the applicable Outside Servicing Agreement or any of the parties thereto are
entitled to be reimbursed pursuant to the terms of the applicable Outside Servicing Agreement and the related Co-Lender Agreement
(to the extent amounts on deposit in the related “Serviced Whole Loan Custodial Account” (as defined in the applicable
Outside Servicing Agreement) are insufficient for reimbursement of such amounts).

 

Section
6.04     Limitation on Resignation of the Master Servicer, the Special Servicer or the Operating Advisor.

 

(a)          Each
of the Master Servicer and the Special Servicer may resign, assign its respective rights and delegate its respective duties and
obligations under this Agreement by giving written notice thereof to the other such party, the Trustee, the Certificate Administrator
(who shall post such notice to the Certificate Administrator’s Website for review by Privileged Persons in accordance with
Section 4.02(a)), the Depositor, the Operating Advisor, the Asset

 

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Representations
Reviewer, the Serviced Companion Loan Holders and, for posting to the Rule 17g-5 Information Provider’s Website pursuant
to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider; provided that, with respect to any of the
Master Servicer or the Special Servicer: (i) the successor accepting such assignment and delegation (A) shall be an established
mortgage finance entity, bank or other entity regularly engaged in the servicing of commercial mortgage loans, organized and doing
business under the laws of any state of the United States, the District of Columbia or the United States, authorized under such
laws to perform the duties of a servicer of mortgage loans or a Person resulting from a merger, consolidation or succession that
is permitted under Section 6.02 of this Agreement and, in the case of a Serviced Loan Combination, under the related Co-Lender
Agreement and (B) shall execute and deliver to the Trustee and the Certificate Administrator an agreement which contains an assumption
by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by
the Master Servicer or the Special Servicer, as the case may be, under this Agreement from and after the date of such agreement;
(ii) each Rating Agency has delivered to the Trustee a Rating Agency Confirmation; (iii) the Master Servicer or the Special Servicer
shall not be released from its obligations under this Agreement that arose prior to the effective date of such assignment and
delegation under this Section 6.04; (iv) the rate at which the Servicing Fee or Special Servicing Compensation, as applicable
(or any component thereof) is calculated shall not exceed the rate then in effect; (v) for so long as no Control Termination Event
has occurred and is continuing, the successor Special Servicer is acceptable to the Controlling Class Representative (and, if
a Serviced Outside Controlled Loan Combination is affected, the successor Special Servicer is acceptable to the related Outside
Controlling Note Holder); (vi) the resigning Master Servicer or Special Servicer, as applicable, shall be responsible for the
reasonable costs and expenses of each other party hereto, the Trust and the Rating Agencies in connection with such transfer;
(vii) none of the Operating Advisor, the Asset Representations Reviewer nor any of their Affiliates shall in any event be appointed
as successor Master Servicer or Special Servicer[; and (viii) none of the Third Party Purchaser or any of its Risk Retention Affiliates
shall in any event be appointed as successor Master Servicer]1. Upon acceptance of such assignment and delegation,
the purchaser or transferee shall be the successor Master Servicer or Special Servicer, as applicable, hereunder.

 

(b)          Except
as provided in [Section 3.37,] this Section 6.04 and Section 6.08(j), the Master Servicer and the Special Servicer
shall not resign from their respective obligations and duties hereby imposed on them except upon determination that such duties
hereunder are no longer permissible under applicable law; provided that, on and after the time the Trustee receives notice
of resignation by the Master Servicer or the Special Servicer upon determination that such duties hereunder are no longer permissible
under applicable law, the Trustee (solely with respect to the Master Servicer or the Special Servicer) shall, subject to the terms
and provisions of Section 7.02 of this Agreement as if the resigning party was a Terminated Party, be its successor in
all respects in its capacity as Master Servicer or Special Servicer, as applicable, as though the Master Servicer or the Special
Servicer, as the case may be, had received a notice of termination. Any such determination permitting the resignation of the Master
Servicer or the Special Servicer, as applicable, shall be evidenced by an Opinion of Counsel (obtained at the resigning Master

 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

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Servicer’s or Special Servicer’s expense) to such effect delivered to the Trustee and the Certificate Administrator.

 

Except
as provided in the immediately preceding paragraph, no resignation or removal of the Master Servicer, the Special Servicer as
contemplated herein shall become effective until the Trustee (solely with respect to the Master Servicer or the Special Servicer)
or a successor Master Servicer, Special Servicer shall have assumed the Master Servicer’s or the Special Servicer’s,
as applicable, responsibilities, duties, liabilities and obligations hereunder. Notwithstanding anything to the contrary herein,
none of the Operating Advisor, the Asset Representations Reviewer nor any of their Affiliates may be appointed as successor Master
Servicer or Special Servicer. If no successor Master Servicer or Special Servicer can be obtained to perform such obligations
for the same compensation to which the terminated Master Servicer or Special Servicer would have been entitled, additional amounts
payable to such successor Master Servicer or Special Servicer shall be payable out of the Trust; provided that, for so
long as no Consultation Termination Event has occurred and is continuing, the Trustee shall consult with the Controlling Class
Representative prior to the appointment of a successor Master Servicer, Special Servicer or Operating Advisor at a servicing or
operating advisor compensation in excess of that permitted to the terminated Master Servicer, Special Servicer or Operating Advisor,
as applicable.

 

If
the Trustee or an Affiliate acts pursuant to this Section 6.04 as successor to the resigning Master Servicer, it may reduce
the Excess Servicing Fee Rate to the extent that the Trustee’s or such Affiliate’s compensation as successor Master
Servicer would otherwise be below the market rate servicing compensation. If the Trustee elects to appoint a successor to the
resigning Master Servicer other than itself or an Affiliate pursuant to this Section 6.04, it may reduce the Excess Servicing
Fee Rate to the extent reasonably necessary (in the sole discretion of the Trustee) for the Trustee to appoint a qualified successor
Master Servicer that meets the requirements of this Section 6.04.

 

(c)          The
Operating Advisor may resign from its obligations and duties under this Agreement (a) upon thirty (30) days’ prior written
notice to the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Asset Representations
Reviewer, the Controlling Class Representative and the Risk Retention Consultation Party and (b) upon the appointment of, and
the acceptance of such appointment by, a successor operating advisor that is an Eligible Operating Advisor and receipt by the
Trustee of Rating Agency Confirmation from each Rating Agency. Except as provided in Section 6.04(d), no such resignation
by the Operating Advisor shall become effective until a replacement Operating Advisor shall have assumed the resigning Operating
Advisor’s responsibilities and obligations under this Agreement. The successor entity assuming the obligations of the Operating
Advisor under this Agreement shall be entitled to the compensation to which the Operating Advisor would have been entitled hereunder
after the date of assumption of such obligations. If no successor Operating Advisor can be obtained to perform such obligations
for such compensation, additional amounts payable to such successor Operating Advisor shall be payable out of the Trust; provided
that, for so long as no Consultation Termination Event has occurred and is continuing, the Trustee shall consult with the
Controlling Class Representative prior to the appointment of a successor Operating Advisor at an operating advisor compensation
in excess of that permitted to the terminated Operating Advisor. If no successor Operating

 

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Advisor has been appointed and accepted
such appointment within 60 days after the resigning Operating Advisor’s giving of notice of resignation, the resigning Operating
Advisor may petition any court of competent jurisdiction for appointment of a successor. The resigning Operating Advisor shall
pay all costs and expenses associated with its resignation and the transfer of its duties (including costs and expenses incurred
by each other party hereto, the Trust and the Rating Agencies) pursuant to this Section 6.04. [Notwithstanding the foregoing,
at any time after the Certificate Balances of the Class [INSERT APPLICABLE SENIOR CLASSES OF CERTIFICATES] Certificates have been
reduced to zero, the Operating Advisor may resign from its obligations and duties hereunder, without payment of any penalty, and
no replacement Operating Advisor shall be required to be appointed in connection with, or as a condition to, such resignation.]1

 

(d)          In
addition, in the event [that, at any time following the end of the RR Interest Transfer Restriction Period,]2 there
are no Classes of Certificates outstanding other than the Control Eligible Certificates, the Class S Certificates, [the VRR Interest][,
the Class [INSERT OTHER APPLICABLE CLASSES OF CERTIFICATES]] and the Class R Certificates, then all of the rights and obligations
of the Operating Advisor under this Agreement shall terminate without payment of any penalty or termination fee (other than any
rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued and
owing to it under this Agreement) and other than indemnification rights arising out of events occurring prior to such termination).
If the Operating Advisor is terminated pursuant to the foregoing sentence, then no replacement Operating Advisor shall be appointed.

 

Section
6.05     Rights of the Depositor, the Trustee and the Certificate Administrator in Respect of
the Master Servicer and Special Servicer. The Master Servicer and the Special Servicer shall afford the Depositor, the
Trustee, the Certificate Administrator and, subject to Section 12.13 of this Agreement, each Rating Agency, upon
reasonable notice, during normal business hours access to all records maintained by it in respect of its rights and
obligations hereunder and access to its officers responsible for such obligations, if reasonably related to the performance
of the obligations of such Person under this Agreement. Upon request, if reasonably related to the performance of the
obligations of such Person under this Agreement, the Master Servicer and the Special Servicer shall furnish to the Depositor,
each of the Underwriters, the Initial Purchasers, the Master Servicer, the Special Servicer, the Trustee and the Certificate
Administrator its most recent publicly available annual financial statements or those of its public parent. The Depositor
may, but is not obligated to, enforce the obligations of the Master Servicer or the Special Servicer hereunder which are in
default and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of such Person
hereunder or exercise its rights hereunder, provided that the Master Servicer and the Special Servicer shall not be
relieved of any of its obligations hereunder by virtue of such performance

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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by the Depositor or its designee. In the event the
Depositor or its designee undertakes any such action it will be reimbursed by the Trust Fund from the Collection Account as
provided in Section 3.06 and Section 6.03 of this Agreement to the extent not recoverable from the Master
Servicer or the Special Servicer, as applicable. None of the Depositor, the Trustee, the Certificate Administrator, the
Master Servicer (with respect to the Special Servicer) or the Special Servicer (with respect to the Master Servicer) shall
have any responsibility or liability for any action or failure to act by the Master Servicer or the Special Servicer, and no
such Person is obligated to monitor or supervise the performance of the Master Servicer or the Special Servicer under
this Agreement or otherwise. Neither the Master Servicer nor the Special Servicer shall have any responsibility or liability
for any action or failure to act by the Depositor, the Trustee or the Certificate Administrator and neither such Person is
obligated to monitor or supervise the performance of the Depositor, the Trustee or the Certificate Administrator under this
Agreement or otherwise.

 

Each
of the Trustee, the Certificate Administrator, the Depositor, the Master Servicer, and the Special Servicer shall furnish such
reports, certifications and information as are reasonably requested by the Trustee, the Certificate Administrator, the Depositor,
the Master Servicer or the Special Servicer, as applicable, in order to enable such requesting party to perform its duties hereunder,
provided that for the avoidance of doubt, this shall not require any Person to prepare any reports, Certificates and information
not required to be prepared hereunder.

 

Neither
the Master Servicer nor the Special Servicer shall be under any obligation to disclose confidential or proprietary information
pursuant to this Section.

 

Section
6.06     Master Servicer, Special Servicer as Owner of a Certificate. The Master Servicer or an Affiliate of the Master
Servicer or the Special Servicer or an Affiliate of the Special Servicer may become the Holder (or with respect to a Global
Certificate, Certificate Owner) of any Certificate with the same rights it would have if it were not the Master Servicer or
the Special Servicer or an Affiliate thereof, except as otherwise expressly provided herein. If, at any time during which the
Master Servicer or the Special Servicer or an Affiliate of the Master Servicer or the Special Servicer is the Holder or
Certificate Owner of any Certificate, the Master Servicer or the Special Servicer proposes to take action (including for this
purpose, omitting to take action) that (i) is not expressly prohibited by the terms hereof and would not, in the Master
Servicer’s or the Special Servicer’s good faith judgment, violate the Servicing Standard, and (ii) if taken,
might nonetheless, in the Master Servicer’s or the Special Servicer’s good faith judgment, be considered by other
Persons to violate the Servicing Standard, the Master Servicer or the Special Servicer may seek the approval of the
Certificateholders and any affected Serviced Companion Loan Holder to such action by delivering to the Trustee and the
Certificate Administrator a written notice that (i) states that it is delivered pursuant to this Section 6.06, (ii)
identifies the Percentage Interest in each Class of Certificates beneficially owned by the Master Servicer or the Special
Servicer or an Affiliate of the Master Servicer or the Special Servicer, and (iii) describes in reasonable detail the action
that the Master Servicer or the Special Servicer proposes to take. The Certificate Administrator, upon receipt of such
notice, shall forward it to the Certificateholders (other than the Master Servicer and its Affiliates or the Special
Servicer and its Affiliates, as appropriate) together with such instructions for response as the Certificate Administrator
shall reasonably determine. If at any time Certificateholders

 

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 holding greater than 50% of the Voting Rights of all
Certificateholders (calculated without regard to the Certificates beneficially owned by the Master Servicer or its Affiliates
or the Special Servicer or its Affiliates) and any affected Serviced Companion Loan Holder shall have consented in writing to
the proposal described in the written notice, and if the Master Servicer or the Special Servicer shall act as proposed in the
written notice, such action shall be deemed to comply with the Servicing Standard. The Certificate Administrator shall be
entitled to reimbursement from the Master Servicer or the Special Servicer, as applicable, of the reasonable expenses of the
Certificate Administrator incurred pursuant to this paragraph. It is not the intent of the foregoing provision that the
Master Servicer or the Special Servicer be permitted to invoke the procedure set forth herein with respect to routine
servicing matters arising hereunder, except in the case of unusual circumstances.

 

Section
6.07     Rating Agency Fees. The Depositor shall pay (or cause to be paid) the annual fees of
each Rating Agency including, but not limited to, surveillance fees.

 

Section
6.08     Termination of the Special Servicer.

 

(a)          At
any time prior to the occurrence and continuance of a Control Termination Event (or if a Control Termination Event has occurred
but is no longer continuing), the Controlling Class Representative shall be entitled to terminate the rights (subject to Section
3.12, Section 6.03, Section 6.08(b) and Section 6.08(g) of this Agreement) and obligations of the Special
Servicer under this Agreement with respect to the Serviced Loans (exclusive of any Serviced Outside Controlled Loan Combination
and any Excluded Mortgage Loan), with or without cause, upon ten (10) Business Days’ notice to the Special Servicer, the
Master Servicer, the Certificate Administrator and the Trustee and, in the case of a termination of the Special Servicer with
respect to a Serviced Loan Combination, the related Companion Loan Holder(s).

 

With
respect to any Serviced Outside Controlled Loan Combination, the related Outside Controlling Note Holder shall be entitled, to
the extent provided in the related Co-Lender Agreement, at any time to terminate the rights (subject to Section 3.12, Section
6.03, Section 6.08(b) and Section 6.08(g) of this Agreement) and obligations of the Special Servicer under this
Agreement solely with respect to such Serviced Outside Controlled Loan Combination, with or without cause, upon ten (10) Business
Days’ notice to the Special Servicer, the Master Servicer, the Certificate Administrator and the Trustee and any other related
Companion Loan Holder(s).

 

Upon
a termination (pursuant to the first or the second paragraph of this Section 6.08(a)) or a resignation (pursuant to Section
6.04(b) of this Agreement) of the Special Servicer with respect to the applicable Serviced Loan(s), the Controlling Class
Representative (with respect to the Serviced Loans other than any Serviced Outside Controlled Loan Combination) or the related
Outside Controlling Note Holder (with respect to a Serviced Outside Controlled Loan Combination), as applicable, shall appoint
a successor Special Servicer with respect to the Serviced Loans (exclusive of any Serviced Outside Controlled Loan Combination)
or the related Serviced Outside Controlled Loan Combination, as the case may be; provided, however, that (i) such successor shall
meet the requirements set forth in Section 7.02 of this Agreement, (ii) the Controlling Class Representative (with respect
to the Serviced Loans other than any Serviced

 

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Outside Controlled Loan Combination) or the related Outside Controlling Note Holder
(with respect to a Serviced Outside Controlled Loan Combination), as applicable, shall (at no expense to the Trust) obtain and
deliver to the Certificate Administrator and the Trustee a Rating Agency Confirmation with respect to such proposed successor
acting as a Special Servicer and (iii) in the case of the appointment of a successor Special Servicer with respect to a Serviced
Loan Combination, the Controlling Class Representative (with respect to the Serviced Loans other than any Serviced Outside Controlled
Loan Combination) or the related Outside Controlling Note Holder (with respect to a Serviced Outside Controlled Loan Combination),
as applicable, shall (at no expense to the Trust or any related Other Securitization Trust) obtain and deliver to the certificate
administrator (if any) and the trustee for each related Other Securitization Trust (with a copy to the Certificate Administrator
and the Trustee) a Companion Loan Rating Agency Confirmation with respect to such proposed successor acting as a Special Servicer
for each related Serviced Companion Loan.

 

Following
the occurrence and during the continuance of a Control Termination Event, upon (i) the written direction of Holders of Certificates
evidencing not less than 25% of the Voting Rights of the Certificates (other than the Class [ARD] and Class [R] Certificates)
requesting a vote to terminate and replace the Special Servicer (with respect to all of the Serviced Loans other than any Serviced
Outside Controlled Loan Combination) with a proposed successor Special Servicer, (ii) payment by such Holders to the Certificate
Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator in connection with administering
such vote and (iii) delivery by such Holders to the Certificate Administrator and the Trustee of a Rating Agency Confirmation
with respect to the termination of the existing Special Servicer and the replacement thereof with the proposed successor (with
the reasonable fees and out-of-pocket costs and expenses associated with obtaining such Rating Agency Confirmation to be an expense
of such Holders), the Certificate Administrator shall promptly provide written notice of the requested vote to all Certificateholders
by posting such notice on its internet website and by mailing at their addresses appearing in the Certificate Register. Upon the
affirmative vote of (a) the Holders of Certificates (other than the Class [ARD] and Class [R] Certificates) evidencing at least
[63-2/3]% of the Voting Rights allocable to the Certificates of those Holders that voted on such matter (provided that Holders
representing the applicable Certificateholder Quorum vote on the matter) or (b) the Holders of Non-Reduced Certificates evidencing
more than 50% of the Voting Rights allocable to each Class of Non-Reduced Certificates (considering each Class of the Class [A-S],
Class [B] and Class [C] Certificates together with the Class [EC] Component with the same alphabetical designation as a single
“Class” for such purpose), the Trustee shall terminate all of the rights (subject to Section 3.12, Section
6.03 and Section 6.08(g) of this Agreement) and obligations of the Special Servicer under this Agreement with respect
to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination), and the proposed successor Special Servicer
shall succeed to the duties of the Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled
Loan Combination) all as if a removal and replacement were occurring pursuant to Section 7.01 and Section 7.02 of
this Agreement; provided that if such affirmative vote is not achieved within 180 days of the initial request for a vote
to terminate and replace the Special Servicer, then such vote shall have no force and effect. The provisions set forth in the
foregoing sentences of this paragraph shall be binding upon and inure to the benefit of solely the Certificateholders and the
Trustee as between each other. The Special Servicer shall not have any cause of action based upon or arising from any breach or
alleged breach of such provisions.

 

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As between the Special Servicer, on the one hand, and the Certificateholders, on the other,
the Certificateholders shall be entitled in their sole discretion to vote for the termination or not vote for the termination
of the Special Servicer.

 

The
Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder and Certificate
Owner may access notices on the Certificate Administrator’s Website and each Certificateholder and Certificate Owner may
register to receive e-mail notifications when such notices are posted on the Certificate Administrator’s Website; provided
that the Certificate Administrator shall be entitled to reimbursement from the requesting Certificateholders for the reasonable
expenses of posting such notices.

 

(b)          [At
any time after the occurrence and during the continuance of a Consultation Termination Event]1 [With respect to
the the Serviced Loans]2, if the Operating Advisor determines that the Special Servicer is not performing its duties
as required hereunder or is otherwise not acting in accordance with the Servicing Standard, the Operating Advisor shall deliver
to the Trustee and the Certificate Administrator, with a copy to the Special Servicer, a written recommendation in the form of
Exhibit T attached hereto (which form may be modified or supplemented from time to time to cure any ambiguity or error
or to incorporate any additional information, subject to compliance of such form with the terms and provisions of this Agreement;
provided that in no event shall the information or any other content included in such written recommendation contravene
any provision of this Agreement) detailing the reasons supporting its position (along with relevant information justifying its
recommendation), recommending a replacement special servicer with respect to the Serviced Loans (other than any Serviced Outside
Controlled Loan Combination unless the related Outside Controlling Note Holder so consents), meeting the applicable requirements
of this Agreement, which recommended special servicer has agreed to succeed the then-current Special Servicer if appointed in
accordance herewith, and requesting a vote on whether the existing Special Servicer should be replaced. In any such event, the
Certificate Administrator shall promptly post a copy of such recommendation on the Certificate Administrator’s Website and
by mail send notice of such recommendation to all Certificateholders, asking them to vote whether they wish to remove the Special
Servicer with respect to the applicable Serviced Loan(s). Upon (i) the affirmative vote the Holders of Certificates evidencing
at least a majority of the [Voting Rights allocable to each Class of Non-Reduced Certificates (considering each Class of the Class
[A-S], Class [B] and Class [C] Certificates together with the Class [EC] Component with the same alphabetical designation as a
single “Class” for such purpose)]1 [aggregate outstanding principal balance of the Certificates of those
Holders that voted on the matter (provided that Holders representing the applicable Certificateholder Quorum vote on the matter
within 180 days of the initial request for a vote (which, for the avoidance of doubt, is the date on the which the aforementioned
notice was mailed to the Certificateholders))]2 and (ii) receipt of Rating Agency Confirmation from each Rating Agency
by the Certificate Administrator following satisfaction of the foregoing clause (i), the Trustee shall (x) terminate all of the
rights (subject to Section 3.12, Section 6.03 and 

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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Section 6.08(g) of this Agreement) and obligations of the
Special Servicer under this Agreement with respect to the Serviced Loan(s), (y) appoint the recommended successor Special Servicer
and (z) promptly notify such outgoing Special Servicer of the effective date of such termination. The reasonable fees and out-of-pocket
costs and expenses associated with obtaining such Rating Agency Confirmation and administering such vote shall be an Additional
Trust Fund Expense. If such affirmative vote of the Holders of the required Certificates contemplated by clause (i) of the second
preceding sentence is not achieved within 180 days of the initial request for such vote (which, for the avoidance of doubt, is
the date on the which the aforementioned notice was mailed to the Certificateholders), then the Trustee shall have no obligation
to remove the Special Servicer and such recommendation shall lapse and have no force or effect. Prior to the appointment of any
replacement special servicer, such replacement special servicer shall have agreed to succeed to the obligations of the Special
Servicer under this Agreement with respect to the Serviced Loan(s), and to act as the Special Servicer’s successor hereunder.
No penalty or fee shall be payable to the terminated Special Servicer with respect to any termination pursuant to this Section
6.08(b). If any Special Servicer is terminated pursuant to this Section 6.08(b), then (notwithstanding anything herein
to the contrary) the terminated party may not subsequently be re-appointed as the Special Servicer hereunder pursuant to any other
subsection of this Section 6.08, any other section of this Agreement or any Co-Lender Agreement.

 

(c)          In
no event may a successor Special Servicer be a current or former Operating Advisor or Asset Representations Reviewer or any Affiliate
[(including any Risk Retention Affiliate)]1 of such current or former Operating Advisor or Asset Representations
Reviewer. Further, such successor must be a Person that (i) satisfies all of the eligibility requirements applicable to special
servicers contained in this Agreement and, in the case of a Serviced Loan Combination, in the related Co-Lender Agreement, (ii)
is not obligated or allowed to pay the Operating Advisor (x) any fees or otherwise compensate the Operating Advisor in respect
of its obligations under this Agreement or (y) for the appointment of the successor Special Servicer or the recommendation by
the Operating Advisor for the replacement Special Servicer to become the Special Servicer, (iii) is not entitled to waive any
compensation from the Operating Advisor and (iv) is not entitled to receive any fee from the Operating Advisor for its appointment
as successor Special Servicer, in each case, unless expressly approved by 100% of the Certificateholders.

 

(d)          The
appointment of any such successor Special Servicer shall not relieve the Master Servicer or the Trustee of their respective obligations
to make Advances as set forth herein; provided, however, the initial Special Servicer specified in Section 3.21(a)
of this Agreement shall not be liable for any actions or any inaction of such successor Special Servicer. Any termination
fee payable to the terminated Special Servicer and any costs incurred by the Trust or the terminated Special Servicer in connection
with the replacement of a Special Servicer shall be paid by the Controlling Class Representative, the Certificateholders or the
Serviced Companion Loan Holder so terminating the Special Servicer and shall not in any event be an expense of the Trust Fund.

 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -379- 

     

    

 

(e)          No
termination of the Special Servicer and appointment of a successor Special Servicer shall be effective until (i) the successor
Special Servicer shall have executed and delivered to the Trustee and the Certificate Administrator an agreement which contains
an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed
or observed by the Special Servicer under this Agreement from and after the date of such agreement, (ii) the Depositor and, if
applicable, each related Other Depositor shall have received the written notice and information with respect to the successor
Special Servicer as set forth in Section 10.02(a) and (iii) subject to Section 12.13 of this Agreement, each Rating
Agency has delivered to the Trustee and the Certificate Administrator a Rating Agency Confirmation and, if required pursuant to
Section 6.08(a), each Companion Loan Rating Agency has delivered to the Trustee and the Certificate Administrator and their
respective counterparts with respect to the Other Securitization Trust a Companion Loan Rating Agency Confirmation, in each case
with respect to such termination and appointment of a successor.

 

(f)          Any
successor Special Servicer shall be deemed to make the representations and warranties provided for in Section 2.06(a) of
this Agreement mutatis mutandis as of the date of its succession.

 

(g)          In
the event that the Special Servicer is terminated pursuant to this Section 6.08, the Trustee shall, by notice in writing
to the Special Servicer, terminate all of its rights and obligations under this Agreement and in and to the applicable Mortgage
Loan(s) and/or Serviced Loan Combinations and the proceeds thereof, other than any rights the Special Servicer may have hereunder
as a Certificateholder and any rights or obligations that accrued prior to the date of such termination (including, without limitation,
the right to receive all amounts accrued or owing to it under this Agreement, plus interest at the Advance Rate on such amounts
until received to the extent such amounts bear interest as provided in this Agreement, with respect to periods prior to the date
of such termination and the right to the benefits of Section 6.03 of this Agreement and the right to receive ongoing Workout
Fees in accordance with the terms hereof).

 

(h)          If
(1) a replacement special servicer is appointed with respect to a Serviced Loan Combination or any related REO Property in accordance
with Article VII or this Section 6.08 or (2) an Excluded Mortgage Loan Special Servicer is appointed with respect
to an Excluded Special Servicer Mortgage Loan, such that there are multiple parties acting as Special Servicer hereunder, then,
unless the context clearly requires otherwise: (i) when used in the context of imposing duties and obligations on the Special
Servicer hereunder or the performance of such duties and obligations, the term “Special Servicer” shall mean (A) the
applicable Loan Combination Special Servicer, insofar as such duties and obligations relate to the subject Serviced Loan Combination
or any related REO Property, (B) the applicable Excluded Mortgage Loan Special Servicer, insofar as such duties and obligations
relate to the subject Excluded Special Servicer Mortgage Loan or any related REO Property and (C) the General Special Servicer,
in all other cases (provided, that in Section 3.15 and Article VII of this Agreement, the term “Special Servicer”
shall mean each of the Loan Combination Special Servicers, the Excluded Mortgage Loan Special Servicers (if any) and the General
Special Servicer); (ii) when used in the context of identifying the recipient of any information, funds, documents, instruments
and/or other items, the term “Special Servicer” shall mean (A) the applicable Loan Combination

 

    -380- 

     

    

 

Special Servicer, insofar
as such information, funds, documents, instruments and/or other items relate to the subject Serviced Loan Combination or any related
REO Property, (B) the applicable Excluded Mortgage Loan Special Servicer, insofar as such information, funds, documents, instruments
and/or other items relate to the subject Excluded Special Servicer Mortgage Loan or any related REO Property and (C) the General
Special Servicer, in all other cases; (iii) when used in the context of granting the Special Servicer the right to purchase all
of the Mortgage Loans and all other property held by the Trust Fund pursuant to Section 9.01 of this Agreement, the term
“Special Servicer” shall mean the General Special Servicer only; (iv) when used in the context of the Special Servicer
being replaced pursuant to this Section 6.08 by the Controlling Class Representative or the applicable Certificateholders,
the term “Special Servicer” shall mean the General Special Servicer, the applicable Loan Combination Special Servicer
or the applicable Excluded Mortgage Loan Special Servicer, if applicable; (v) when used in the context of granting the Special
Servicer any protections, limitations on liability, immunities and/or indemnities hereunder, the term “Special Servicer”
shall mean each of the Loan Combination Special Servicers, the Excluded Mortgage Loan Special Servicers (if any) and the General
Special Servicer; and (vi) when used in the context of requiring indemnification from, imposing liability on, or exercising any
remedies against, the Special Servicer for any breach of a representation, warranty or covenant hereunder or for any negligence,
bad faith or willful misconduct in the performance of duties and obligations hereunder or any negligent disregard of such duties
and obligations or otherwise holding the Special Servicer responsible for any of the foregoing, the term “Special Servicer”
shall mean the applicable Loan Combination Special Servicer, the applicable Excluded Mortgage Loan Special Servicer or the General
Special Servicer, as applicable.

 

(i)          References
in this Agreement to “General Special Servicer” mean the Person performing the duties and obligations of special servicer
with respect to the Mortgage Pool (exclusive of (A) any Serviced Loan Combination or related REO Property as to which a different
Loan Combination Special Servicer has been appointed with respect thereto and (B) any Excluded Special Servicer Mortgage Loan
or any related REO Property as to which an Excluded Mortgage Loan Special Servicer has been appointed with respect thereto).

 

(j)          Notwithstanding
anything to the contrary contained in this Section 6.08, if the Special Servicer obtains knowledge that it is, or has become,
a Borrower Party with respect to any Mortgage Loan or Loan Combination, then the Special Servicer shall resign in such capacity
with respect to such Excluded Special Servicer Mortgage Loan. Prior to the occurrence and continuance of a Control Termination
Event, if the Excluded Special Servicer Mortgage Loan is not also an Excluded Mortgage Loan, the Controlling Class Representative
shall appoint (and replace with or without cause) the Excluded Mortgage Loan Special Servicer, as successor to the resigning Special
Servicer, for the related Excluded Special Servicer Mortgage Loan in accordance with this Agreement. If such Excluded Special
Servicer Mortgage Loan is also an Excluded Mortgage Loan, the largest Controlling Class Certificateholder (by Certificate Balance)
that is not an Excluded Controlling Class Holder shall appoint (and replace with or without cause) the Excluded Mortgage Loan
Special Servicer for the related Excluded Special Servicer Mortgage Loan in accordance with this Agreement. If a Control Termination
Event has occurred and is continuing, neither the Controlling Class Representative nor any other Controlling Class Certificateholder
shall be entitled to remove or replace the Special Servicer with respect to any Excluded Special Servicer Mortgage Loan. If a
Control Termination Event

 

    -381- 

     

    

 

has occurred and is continuing but prior to the occurrence and continuance of a Consultation Termination
Event, the largest Controlling Class Certificateholder that is not an Excluded Controlling Class Holder shall have the right to
appoint the Excluded Mortgage Loan Special Servicer.

 

If
a Consultation Termination Event has occurred and is continuing, or if neither the Controlling Class Representative nor any Controlling
Class Certificateholder is entitled to appoint the Excluded Mortgage Loan Special Servicer for the related Excluded Special Servicer
Mortgage Loan pursuant to the first paragraph of this Section 6.08(j) (or if, despite being so entitled to appoint the
Excluded Mortgage Loan Special Servicer for the related Excluded Special Servicer Mortgage Loan pursuant to the first paragraph
of this Section 6.08(j), neither the Controlling Class Representative nor any Controlling Class Certificateholder has appointed
a Excluded Mortgage Loan Special Servicer for the related Excluded Special Servicer Mortgage within 30 days), then the Certificate
Administrator shall provide written notice to the resigning Special Servicer that such Excluded Mortgage Loan Special Servicer
has not been appointed and such resigning Special Servicer shall use reasonable efforts to appoint such Excluded Mortgage Loan
Special Servicer. In the event that the resigning Special Servicer is required to appoint an Excluded Mortgage Loan Special Servicer,
the resigning Special Servicer shall not have any liability for the actions or inactions of the newly appointed Excluded Mortgage
Loan Special Servicer or with respect to the identity of the applicable Excluded Mortgage Loan Special Servicer (so long as, on
the date of appointment, the appointment of such Excluded Mortgage Loan Special Servicer meets the criteria set forth in this
Agreement). It shall be a condition to the appointment of any such Excluded Mortgage Loan Special Servicer that (i) such Excluded
Mortgage Loan Special Servicer has delivered a Rating Agency Confirmation with respect such appointment to the Certificate Administrator
and the Trustee and, if the related Excluded Special Servicer Mortgage Loan is part of a Serviced Loan Combination, a Companion
Loan Rating Agency Confirmation with respect to such appointment to the certificate administrator (if any) and the trustee for
each related Other Securitization Trust (with a copy to the Certificate Administrator and the Trustee), (ii) such Excluded Mortgage
Loan Special Servicer satisfies all of the eligibility requirements applicable to the Special Servicer set forth in this Agreement
and (iii) such Excluded Mortgage Loan Special Servicer delivers to the Depositor (and the Certificate Administrator) and any applicable
Other Depositor (and any applicable Other Exchange Act Reporting Party), the information, if any, required under Item 6.02 of
Form 8-K pursuant to the Exchange Act regarding itself in its role as Excluded Mortgage Loan Special Servicer.

 

If
at any time the Person that had acted as the Special Servicer for any Mortgage Loan or Loan Combination prior to such Mortgage
Loan or Loan Combination, as the case may be, becoming an Excluded Special Servicer Mortgage Loan is no longer a Borrower Party
(including, without limitation, as a result of the related Mortgaged Property becoming REO Property or an assumption of the Excluded
Special Servicer Mortgage Loan) with respect to such Mortgage Loan or Loan Combination, as the case may be, (1) the related Excluded
Mortgage Loan Special Servicer shall resign, (2) such Mortgage Loan or Loan Combination, as the case may be, shall no longer be
an Excluded Special Servicer Mortgage Loan, (3) such original Special Servicer shall become the Special Servicer again for such
Mortgage Loan or Loan Combination, as the case may be, and (4) such original Special Servicer shall be entitled to all Special
Servicing Compensation and Additional Special Servicing Compensation with respect to such Mortgage Loan or Loan Combination, as
the case may be, earned during such time on and

 

    -382- 

     

    

 

after such Mortgage Loan or Loan Combination, as the case may be, is no longer
an Excluded Special Servicer Mortgage Loan.

 

The
Excluded Mortgage Loan Special Servicer shall perform all of the obligations of the Special Servicer for the related Excluded
Special Servicer Mortgage Loan and will be entitled to all Special Servicing Compensation and Additional Special Servicing Compensation
with respect to such Excluded Special Servicer Mortgage Loan earned after its appointment as the Excluded Mortgage Loan Special
Servicer and during such time as the related Mortgage Loan is an Excluded Special Servicer Mortgage Loan (provided that the Special
Servicer shall remain entitled to all Special Servicing Compensation and Additional Special Servicing Compensation with respect
to the Mortgage Loans and Serviced Loan Combinations that are not Excluded Special Servicer Mortgage Loans during such time).

 

Notwithstanding
anything to the contrary in this Section 6.08(j), in the case of any Serviced Outside Controlled Loan Combination, the related
Outside Controlling Note Holder will have the right to appoint an Excluded Mortgage Loan Special Servicer.

 

(k)          If
a Servicing Officer of the Master Servicer, a related Excluded Mortgage Loan Special Servicer, or the Special Servicer, as applicable,
has actual knowledge that a Mortgage Loan is no longer an Excluded Mortgage Loan, an Excluded Controlling Class Mortgage Loan
or an Excluded Special Servicer Mortgage Loan, as applicable, the Master Servicer, the related Excluded Mortgage Loan Special
Servicer or Special Servicer, as applicable, shall provide prompt written notice thereof to each of the other parties to this
Agreement.

 

Section
6.09     Section 6.09 The Directing Holder, the Controlling Class Representative [and the Risk Retention Consultation Party].

 

(a)          The
related Directing Holder (unless, if the Controlling Class Representative is the related Directing Holder, a Control Termination
Event has occurred and is continuing or the subject Mortgage Loan is an Excluded Mortgage Loan) shall be entitled: (1) with respect
to the applicable Serviced Loan(s) that are Specially Serviced Loan(s), to advise the Special Servicer as to all Major Decisions;
(2) with respect to the applicable Serviced Loan(s) that are Performing Serviced Loan(s), to advise the Special Servicer as to
all Major Decisions; and (3) in the case of the Controlling Class Representative, with respect to any Outside Serviced Mortgage
Loan, to exercise consultation and, to the extent provided in Section 3.01(i), consent rights (if any) and attend annual
meetings with the related Outside Servicer and the related Outside Special Servicer, in each case, to the extent the holder of
such Outside Serviced Mortgage Loan is entitled to such rights pursuant to the related Co-Lender Agreement.

 

In
addition, except as set forth in, and in any event subject to, Section 6.09(b) and the subsequent paragraphs of this Section
6.09(a), (1) the Master Servicer shall not be permitted to take any of the actions constituting a Major Decision unless the
Master Servicer and the Special Servicer mutually agree that the Master Servicer shall take such action, subject to the consent
of the Special Servicer, who shall have 15 Business Days (or 60 days with

 

    -383- 

     

    

 

respect to the determination of an Acceptable Insurance
Default) (from the date that the Special Servicer receives the information from the Master Servicer) to analyze and make a recommendation
regarding such Major Decision (provided that if the Special Servicer does not consent, or notify the Master Servicer that
it will not consent, to such Major Decision within the required 15 Business Days or 60 days, as applicable, the Special Servicer
shall be deemed to have consented to such Major Decision), and (2) the Special Servicer shall not be permitted (if the
Controlling Class Representative is the related Directing Holder, for so long as no Control Termination Event exists) to take,
or to consent to the Master Servicer’s taking, any of the actions constituting a Major Decision as to which the related
Directing Holder has objected in writing within ten (10) Business Days (or in the case of a determination of an Acceptable Insurance
Default, twenty (20) days (or, in the case of a Serviced Outside Controlled Loan Combination, such other period contemplated by
the related Co-Lender Agreement)) after receipt of the related Major Decision Reporting Package from the Special Servicer (provided
that (i) if such written objection has not been received by the Special Servicer within such ten (10) Business Day period
or twenty (20) day period (or, in the case of a Serviced Outside Controlled Loan Combination, such other period contemplated by
the related Co-Lender Agreement), as applicable, then the related Directing Holder will be deemed to have approved such action
and (ii) the consent of the Controlling Class Representative shall not be required in connection with a Major Decision with respect
to an Excluded Mortgage Loan).

 

Furthermore,
each of (x) the Controlling Class Representative (with respect to each Serviced Loan other than (i) a Serviced Outside Controlled
Loan Combination and (ii) an Excluded Mortgage Loan), provided that a Control Termination Event does not exist, and (y) the related
Outside Controlling Note Holder (with respect to a Serviced Outside Controlled Loan Combination) may direct the Special Servicer
to take, or to refrain from taking, such other actions with respect to the applicable Serviced Loan(s) as such party may reasonably
deem advisable or as to which provision is otherwise made herein..

 

Notwithstanding
the foregoing, if the Controlling Class Representative is the related Directing Holder, the Special Servicer is not required
to obtain the consent of the Controlling Class Representative prior to taking, or consenting to the Master Servicer’s
taking of, any Major Decision following the occurrence and during the continuance of a Control Termination Event; provided
that, the Special Servicer shall consult (on a non-binding basis) with (i) the Controlling Class Representative (after the
occurrence and during the continuance of a Control Termination Event and only until the occurrence and continuance of a
Consultation Termination Event, but other than with respect to any Excluded Mortgage Loan) [,][and] (ii) the Operating
Advisor (after the occurrence and during the continuance of [a Control Termination Event]1 [an Operating Advisor
Consultation Trigger Event]2) [and (iii) the Risk Retention Consultation Party under the circumstances set forth
in the third following paragraph]3, in connection with any Major 

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

2
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

3 Include for transactions
where the sponsor satisfies all or part of its risk retention obligations through retention of a vertical interest. 

 

    -384- 

     

    

 

Decision and consider alternative actions recommended by the Controlling Class Representative [,][and]
the Operating Advisor [and the Risk Retention Consultation Party], but, in the case of the Controlling Class Representative, only
to the extent such consultation with, or consent of, the Controlling Class Representative would have been required prior to the
occurrence and continuance of such Control Termination Event; and provided, further, that the Controlling Class
Representative (with respect to any Serviced Outside Controlled Loan Combination that does not include an Excluded Mortgage Loan
and for so long as no Consultation Termination Event exists) [and the Operating Advisor (if a Control Termination Event Exists)]1
may consult regarding a Serviced Outside Controlled Loan Combination only if and to the extent that the holder of the related
Split Mortgage Loan is granted consultation rights under the related Co-Lender Agreement. For the avoidance of doubt, with respect
to any Serviced Outside Controlled Loan Combination (which, for the avoidance of doubt, shall include, without limitation, any
Servicing Shift Loan Combination prior to the related Servicing Shift Date), the Special Servicer shall be responsible for obtaining
any consent or deemed consent of the related Outside Controlling Note Holder for “Major Decisions” (as such term or
any analogous term is defined in the related Co-Lender Agreement) to the extent such consent is required under this Agreement
or under the terms of the related Co-Lender Agreement. Notwithstanding the foregoing, the Controlling Class Representative shall
have no consent or consultation rights with respect to Major Decisions with respect to any Excluded Mortgage Loan [, and the Risk
Retention Consulting Party shall not have consultation rights with respect to any related Excluded RRCP Mortgage Loan]2.
The Special Servicer shall provide all information reasonably requested by the Controlling Class Representative [, the Risk Retention
Consultation Party]2 and/or the Operating Advisor, as applicable, and in the Special Servicer’s possession that
is necessary in order for the Controlling Class Representative [, the Risk Retention Consultation Party]2 and/or the
Operating Advisor to exercise their respective consultation rights set forth in the first sentence of this paragraph.

 

With
respect to a Servicing Shift Loan Combination that is a Serviced Outside Controlled Loan Combination, prior to the related Servicing
Shift Date, no request for approval of the Controlling Class Representative shall be made on any matter related to such Servicing
Shift Loan Combination, except that the Controlling Class Representative (prior to the occurrence and continuance of a Consultation
Termination Event and only if the related Servicing Shift Mortgage Loan is not an Excluded Mortgage Loan) may exercise the consultation
rights, if any, of the holder of the related Servicing Shift Mortgage Loan with respect to Major Decisions and any proposed sale
of such Servicing Shift Mortgage Loan set forth in the applicable Co-Lender Agreement. In addition, after the occurrence and during
the continuance of [a Control Termination Event]1 [an Operating Advisor Consultation Trigger Event]3,
the Operating Advisor will be entitled, while a Servicing Shift Mortgage Loan is

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

2
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

3
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

    -385- 

     

    

 

serviced hereunder, to consult on a non-binding
basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions
and any proposed sale of such Servicing Shift Mortgage Loan.

 

With
respect to each Major Decision regarding a Serviced Loan as to which the Directing Holder has consent or consultation rights pursuant
to this Section 6.09, the Special Servicer shall provide the related Major Decision Reporting Package to the Directing
Holder, simultaneously with the Special Servicer’s request for the Directing Holder’s consent or input regarding the
related Major Decision. [With respect to each Specially Serviced Loan, following the occurrence and continuance of a Control Termination
Event, the Special Servicer shall provide each Major Decision Reporting Package to the Operating Advisor simultaneously upon providing
such Major Decision Reporting Package to the Directing Holder.]1 [The Special Servicer shall provide each Major
Decision Reporting Package to the Operating Advisor: (i) as to Specially Serviced Loans, prior to the occurrence and continuance
of a Control Termination Event and an Operating Advisor Consultation Trigger Event, promptly after the Special Servicer receives
the Directing Holder’s approval or deemed approval of such Major Decision Reporting Package; and (ii) as to all Serviced
Loans, following the occurrence and continuance of an Operating Advisor Consultation Trigger Event (whether or not a Control Termination
Event is continuing), simultaneously with the Special Servicer’s written request for the Operating Advisor’s input
regarding the related Major Decision.]2 With respect to any particular Major Decision and related Major Decision
Reporting Package provided to the Operating Advisor pursuant to this Section 6.09(a), the Special Servicer shall make available
to the Operating Advisor one or more Servicing Officers with relevant knowledge regarding the applicable Mortgage Loan and such
Major Decision in order to address reasonable questions that the Operating Advisor may have relating to, among other things, such
Major Decision and potential conflicts of interest with respect to such Major Decision.

 

[In
addition, (i) for so long as no Consultation Termination Event is continuing, with respect to any Specially Serviced Loan (other
than any Outside Serviced Mortgage Loan or any Excluded RRCP Mortgage Loan), and (ii) during the continuance of a Consultation
Termination Event, with respect to any Mortgage Loan (other than any Outside Serviced Mortgage Loan or any Excluded RRCP Mortgage
Loan), in each case upon request of the Risk Retention Consultation Party, the Special Servicer shall consult with the Risk Retention
Consultation Party on a non-binding basis in connection with any Major Decision that it is processing (and such other matters
that are subject to the non-binding consultation rights of the Risk Retention Consultation Party pursuant to this Agreement) and
to consider alternative actions recommended by the Risk Retention Consultation Party in respect of such Major Decision (or any
other matter requiring consultation with the Risk Retention Consultation Party); provided that in the event the Special
Servicer receives no response from the Risk Retention Consultation Party within 10 days following the Special Servicer’s
delivery of the related Major Decision Reporting Package, the Special Servicer shall not be obligated to consult with the Risk

 

 

 

1
Exclude for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

2 Include for transactions
that satisfy credit risk retention requirements through the purchase of an eligible horizontal residual interest by a third party
purchaser. 

 

    -386- 

     

    

 

Retention Consultation Party on the specific matter (provided, however, that the failure of the Risk Retention Consultation
Party to respond will not relieve the Special Servicer from using reasonable efforts to consult with the Risk Retention Consultation
Party on any future matters with respect to the applicable Serviced Mortgage Loan or Serviced Loan Combination or any other Serviced
Mortgage Loan). For the avoidance of doubt, (x) the Risk Retention Consulting Party shall have no consultation rights with respect
to any Excluded RRCP Mortgage Loan and (y) any consultation with the Risk Retention Consultation Party under this Agreement shall
occur only upon request of the Risk Retention Consultation Party, and any such consultation shall be on a strictly non-binding
basis and shall be subject to all limitations with respect to the procedures and timing for such consultation set forth in this
Section 6.09.]1

 

Notwithstanding
anything in this Agreement to the contrary, in the event that the Special Servicer or Master Servicer (in the event the Master
Servicer is otherwise authorized by this Agreement to take such action), as applicable, determines that immediate action, with
respect to a Major Decision, or any other matter requiring consent of, or consultation with, the related Directing Holder [or
consultation with the Risk Retention Consultation Party]1, is necessary to protect the interests of the Certificateholders
and, with respect to any Serviced Loan Combination, the related Serviced Companion Loan Holder(s) (as a collective whole as if
such Certificateholders and, with respect to any Serviced Loan Combination, the related Serviced Companion Loan Holder(s) constituted
a single lender (and, with respect to a Serviced AB Loan Combination, taking into account the subordinate nature of the related
Subordinate Companion Loan(s))), the Special Servicer or Master Servicer, as applicable, may take any such action without waiting
for the Directing Holder’s (or, if applicable, the Special Servicer’s) [or the Risk Retention Consultation Party’s,
as applicable,]1 response.

 

Also
notwithstanding anything in this Agreement to the contrary, no direction, objection, advice or consultation on the part of a Directing
Holder, and no advice or consultation from [the Risk Retention Consultation Party or]1 the Operating Advisor, contemplated
by this Agreement, may require or cause the Master Servicer or the Special Servicer to violate the terms of any Mortgage Loan
or Serviced Loan Combination, any provision of any related Loan Documents, any related Co-Lender Agreement, any intercreditor
agreement, applicable law, this Agreement or the REMIC Provisions, including without limitation each of the Master Servicer’s
and the Special Servicer’s obligation to act in accordance with the Servicing Standard, or expose any Certificateholder,
the Trust Fund, any Mortgage Loan Seller (other than with respect to enforcing the rights and remedies against such Mortgage Loan
Seller pursuant to this Agreement or the related Mortgage Loan Purchase Agreement with respect to any Material Defect) or any
party to this Agreement or their respective Affiliates, officers, directors, employees or agents to any claim, suit or liability,
or cause either Trust REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust for federal
income tax purposes, or result in the imposition of a “prohibited transaction” or “prohibited contribution”
tax under the REMIC Provisions, or materially expand the scope of the Master Servicer’s or the Special Servicer’s
responsibilities under this Agreement or any Co-Lender Agreement or cause the Master Servicer or the Special Servicer to act,
or fail to act, in a manner that is not in the best interests of the

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

    -387- 

     

    

 

Certificateholders (including, with respect to the Trust
AB Loan Combination, the Holders of the Class [loan-specific] Certificates) and/or the Serviced Companion Loan Holders.

 

In
the event the Special Servicer or Master Servicer, as applicable, determines that a refusal to consent by a Directing Holder or
any advice from a Directing Holder [, the Risk Retention Consultation Party]1 or the Operating Advisor would otherwise
cause the Special Servicer or Master Servicer, as applicable, to violate the terms of any Loan Documents, any related Co-Lender
Agreement or mezzanine intercreditor agreement, applicable law, the REMIC Provisions or this Agreement, including without limitation,
the Servicing Standard, the Special Servicer or Master Servicer, as applicable, shall disregard such refusal to consent or advise
and notify in writing such Directing Holder, the Operating Advisor, [the Risk Retention Consultation Party,]1 the Trustee
and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the
Rule 17g-5 Information Provider of its determination, including a reasonably detailed explanation of the basis therefor. The taking
of, or refraining from taking, any action by the Master Servicer or Special Servicer in accordance with the direction of or approval
of a Directing Holder or the recommendation of the Operating Advisor [or the Risk Retention Consultation Party]1 that
does not violate any law or the Servicing Standard or any other provisions of this Agreement, will not result in any liability
on the part of the Master Servicer or the Special Servicer.

 

For
so long as no Control Termination Event has occurred and is continuing, the Controlling Class Representative shall be entitled,
with respect to each Outside Serviced Mortgage Loan other than any Excluded Mortgage Loan, to exercise the consent or approval
rights set forth in Section 3.01(i) of this Agreement; and for so long as no Consultation Termination Event has occurred
and is continuing, the Controlling Class Representative shall be entitled, with respect to each Outside Serviced Mortgage Loan
other than any Excluded Mortgage Loan, to exercise any consultation rights permitted under the related Co-Lender Agreement in
respect of “Major Decisions” (or any analogous concept) and the implementation of “Asset Status Reports”
(or any analogous concept) under, and within the meaning of, the applicable Outside Servicing Agreement and attend an annual meeting
with the related Outside Servicer and the related Outside Special Servicer, in each case, to the extent the holder of such Outside
Serviced Mortgage Loan is entitled to such rights pursuant to the related Co-Lender Agreement[; provided that, after the
occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, any such consultation rights permitted
under the related Co-Lender Agreement in respect of “Major Decisions” (or any analogous concept) shall be exercised
by the Controlling Class Representative jointly with the Operating Advisor]2.

 

The
Directing Holder will have no liability to the Trust Fund or Certificateholders for any action taken, or for refraining from the
taking of any action, pursuant to this Agreement, or for error in judgment; provided, however, that the Controlling
Class Representative will not be protected against any liability to any Controlling Class Certificateholder that would otherwise
be

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

2 Include for transactions
that satisfy credit risk retention requirements through the purchase of an eligible horizontal residual interest by a third party
purchaser. 

 

    -388- 

     

    

 

imposed by reason of willful misfeasance, bad faith or negligence in the performance of duties or by reason of negligent disregard
of obligations or duties.

 

[The
Risk Retention Consultation Party shall have no liability to the Trust Fund, any party to this Agreement or any Certificateholders
for any action taken, or for refraining from the taking of any action, pursuant to this Agreement, or for errors in judgment.]1

 

By
its acceptance of a Certificate, each Certificateholder acknowledges and agrees, by its acceptance of its Certificates, that:
(i) a Directing Holder may have special relationships and interests that conflict with those of Holders of one or more Classes
of Certificates; (ii) a Directing Holder may act solely in its own interests (or, in the case of the Controlling Class Representative,
in the interests of the Holders of the Controlling Class); (iii) a Directing Holder does not have any liability or duties to the
Holders of any Class of Certificates (other than, in the case of the Controlling Class Representative, the Controlling Class);
(iv) a Directing Holder may take actions that favor its own interests (or in the case of the Controlling Class Representative,
the interests of the Holders of the Controlling Class) over the interests of the Holders of one or more other Classes of Certificates;
and (v) a Directing Holder shall have no liability whatsoever (other than, in the case of the Controlling Class Representative,
to a Controlling Class Certificateholder) for having so acted as set forth in clauses (i)-(iv) of this paragraph, and that no
Certificateholder may take any action whatsoever against any Directing Holder or any affiliate, director, officer, employee, shareholder,
member, partner, agent or principal thereof for having so acted; provided, however, that the rights of a Directing
Holder are subject to any related mezzanine intercreditor agreement.

 

(b)          Notwithstanding
anything to the contrary contained herein:

 

(i)          
after the occurrence and during the continuance of a Control Termination Event, the Controlling Class Representative shall
have no right to consent to any action taken or not taken by any party to this Agreement;

 

(ii)          after
the occurrence and during the continuance of a Control Termination Event, but prior to the occurrence and continuance of a Consultation
Termination Event, the Controlling Class Representative shall remain entitled to receive any notices, reports or information to
which it is entitled pursuant to this Agreement with respect to the applicable Serviced Loan(s) (other than any Excluded Mortgage
Loan), and the Master Servicer, Special Servicer and any other applicable party shall consult with the Controlling Class Representative
in connection with any action to be taken or refrained from taking with respect to the applicable Serviced Loan(s) (other than
any Excluded Mortgage Loan), but only to the extent consultation with, or consent of, the Controlling Class Representative would
have been required under such circumstances prior to the occurrence and continuance of such Control Termination Event; provided,
however, that the Controlling Class Representative shall not be permitted to consult with respect to any Serviced AB Loan
Combination while any related Subordinate Companion Loan Holder is the related Outside Controlling Note Holder;

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

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(iii)         after
the occurrence and during the continuance of a Consultation Termination Event, the Controlling Class Representative shall have
no consultation or consent rights hereunder and no right to receive any notices, reports or information (other than notices, reports
or information required to be delivered to all Certificateholders) or any other rights as a Directing Holder; provided that each
Controlling Class Certificateholder shall maintain the right to exercise Voting Rights for the same purposes as any other Certificateholder
under this Agreement (other than with respect to Excluded Controlling Class Mortgage Loans); and

 

(iv)         no
Person may exercise any of the rights and powers of the Controlling Class Representative with respect to an Excluded Mortgage
Loan.

 

(c)          all
requirements of the Master Servicer and the Special Servicer to provide notices, reports, statements or other information (including
the access to information on a website) to the Directing Holder contained in this Agreement shall (i) also apply to each Companion
Loan Holder with respect to information relating to the related Serviced Loan Combination and (ii) also entitle the related Subordinate
Loan-Specific Directing Certificateholder, at all times while the related Trust Subordinate Companion Loan is not subject to an
AB Control Appraisal Period to receive such information with respect to the related Trust AB Mortgage Loan and the related Trust
Subordinate Companion Loan, as applicable; provided, however, that neither the Master Servicer nor the Special Servicer
shall provide information that comprises Privileged Information following the date upon which they receive notice that such Trust
Subordinate Companion Loan is subject to an AB Control Appraisal Period, and thereafter the Master Servicer and the Special Servicer
shall only be required to provide such Subordinate Loan-Specific Directing Certificateholder with such information as is expressly
required to be delivered under the related intercreditor agreement; provided, however, that nothing in this Section
6.09(c) shall in any way eliminate the obligation to deliver any information required to be delivered under the related intercreditor
agreement.

 

(d)          Notwithstanding
anything to the contrary herein, neither the Master Servicer nor the Special Servicer shall take or refrain from taking any action
pursuant to instructions, directions, objections, advice or consultation from a Directing Holder, [the Risk Retention Consultation
Party,]1 Operating Advisor or a Serviced Companion Loan Holder (or its Companion Loan Holder Representative) that
would cause any one of them to violate applicable law, the terms of any Mortgage Loan or Serviced Loan Combination, the related
Loan Documents, this Agreement, including the Servicing Standard, the related Co-Lender Agreement, any related intercreditor agreement,
or the REMIC Provisions or that would (i) expose any Certificateholder, the Trust Fund, any Mortgage Loan Seller (other than with
respect to enforcing the rights and remedies against such Mortgage Loan Seller pursuant to this Agreement or the related Mortgage
Loan Purchase Agreement with respect to any Material Defect) or any party to this Agreement or their respective Affiliates, officers,
directors, employees or agents to any claim, suit or liability, (ii) materially expand the scope of the Master Servicer’s
or the Special Servicer’s responsibilities under this Agreement or any Co-Lender Agreement, (iii) cause either Trust REMIC
to fail to qualify as a REMIC or the Grantor Trust to

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -390- 

     

    

 

fail to qualify as a grantor trust for federal income tax purposes, or result
in the imposition of a “prohibited transaction” or “prohibited contribution” tax under the REMIC Provisions,
or (iv) cause the Master Servicer or the Special Servicer to act, or fail to act, in a manner that in the reasonable judgment
of the Master Servicer or the Special Servicer, as the case may be, is not in the best interests of the Certificateholders and/or
the Serviced Companion Loan Holders.

 

(e)          Each
Certificateholder and Certificate Owner of a Control Eligible Certificate is hereby deemed to have agreed by virtue of its purchase
of such Certificate (or beneficial ownership interest in such Certificate) to provide its name and address to the Certificate
Administrator and to notify the Certificate Administrator of the transfer of any Control Eligible Certificate (or the beneficial
ownership of any Control Eligible Certificate), the selection of a Controlling Class Representative or the resignation or removal
thereof. Any such Certificateholder (or Certificate Owner) or its designee at any time appointed Controlling Class Representative
is hereby deemed to have agreed by virtue of its purchase of a Control Eligible Certificate (or the beneficial ownership interest
in a Control Eligible Certificate) to notify the Certificate Administrator when such Certificateholder (or Certificate Owner)
or designee is appointed Controlling Class Representative and when it is removed or resigns. Upon receipt of any of the notices
referred to in the preceding two sentences of this Section 6.09(e), the Certificate Administrator shall notify the Special
Servicer, the Master Servicer, the Operating Advisor, the Asset Representations Reviewer and the Trustee of the identity of the
Controlling Class Representative, any resignation or removal of the Controlling Class Representative and/or any new Holder or
Certificate Owner of a Control Eligible Certificate. In addition, upon the request of the Master Servicer, the Special Servicer,
the Operating Advisor, the Asset Representations Reviewer or the Trustee, as applicable, the Certificate Administrator shall provide
the identity of the then-current Controlling Class and a list of the Certificateholders (or Certificate Owners, if applicable,
at the expense of the Trust if such expense arises in connection with an event as to which the Controlling Class Representative
or the Controlling Class has consent or consultation rights pursuant to this Agreement or in connection with a request made by
the Operating Advisor in connection with its obligation under Section 3.29(d)(ii) of this Agreement to deliver a copy of the Operating
Advisor Annual Report to the Controlling Class Representative, and otherwise at the expense of the requesting party) of the Controlling
Class to such requesting party, and each of the Master Servicer, Special Servicer, Operating Advisor, the Asset Representations
Reviewer and the Trustee shall be entitled to rely on the information so provided by the Certificate Administrator.

 

In
the event of a change in the Controlling Class, the Certificate Administrator shall promptly contact the current Holder(s) (or,
in the case of book-entry Certificates, Certificate Owners) of the Controlling Class (or any designee(s) thereof) or, if known
to the Certificate Administrator, one of its affiliates or, if applicable, any successor Controlling Class Representative or Controlling
Class Certificateholder(s), and determine whether any such entity is the Holder (or Certificate Owner) of at least a majority
of the Controlling Class (in effect after such change in Controlling Class) by Certificate Balance. If at any time the current
Holder of the Controlling Class (or its designee) or, if known to the Certificate Administrator, one of its Affiliates, or any
successor Controlling Class Representative or Controlling Class Certificateholder(s) is no longer the Holder (or Certificate Owner)
of at least a majority of the Controlling Class by Certificate Balance and the Certificate Administrator has neither (i) received
notice of the then-current Controlling Class Certificateholders of at least a majority

 

    -391- 

     

    

 

of the Controlling Class by Certificate
Balance nor (ii) received notice of a replacement Controlling Class Representative pursuant to this Agreement, then a Control
Termination Event and a Consultation Termination Event shall be deemed to have occurred and shall be deemed to continue until
such time as the Certificate Administrator receives any such notice in clauses (i) or (ii).

 

Upon
receipt of notice of a change in Controlling Class Representative [or the Risk Retention Consultation Party]1, the
Certificate Administrator shall promptly forward notice thereof to each other party to this Agreement.

 

On
the Closing Date, the initial Controlling Class Representative shall deliver (which delivery may be by electronic mail) a certification
substantially in the form of Exhibit M-1H to this Agreement to the Certificate Administrator (who shall promptly forward
such certification to the Master Servicer, the Special Servicer, the Trustee and the Operating Advisor). Upon the resignation
or removal of the existing Controlling Class Representative, any successor Controlling Class Representative shall also deliver
a certification substantially in the form of Exhibit M-1H to this Agreement to the Certificate Administrator (who shall
promptly forward such certification to the Master Servicer, the Special Servicer, the Trustee and the Operating Advisor) prior
to being recognized as the new Controlling Class Representative.

 

(f)    
      Once a Controlling Class Representative has been selected, each of the Master Servicer,
the Special Servicer, the Operating Advisor, the Depositor, the Certificate Administrator, the Asset Representations
Reviewer, the Trustee and each other Certificateholder (or Certificate Owner, if applicable) shall be entitled to rely on
such selection unless a majority of the Certificateholders of the Controlling Class, by Certificate Balance, or such
Controlling Class Representative shall have notified the Certificate Administrator, the Master Servicer and each other
Certificateholder of the Controlling Class, in writing, of the resignation of such Controlling Class Representative or the
selection of a new Controlling Class Representative. Upon receipt of written notice of, or other knowledge of, the
resignation of a Controlling Class Representative, the Certificate Administrator shall request the Certificateholders of the
Controlling Class to select a new Controlling Class Representative.

 

(g)          If
at any time a book-entry certificate belongs to the Controlling Class, the Certificate Administrator shall notify the related
Certificate Owner or Certificate Owners (through the Depository, unless the Certificate Administrator shall have been previously
provided with the name and address of such Certificate Owner or Certificate Owners) of such event and shall request that it be
informed of any change in the identity of the related Certificate Owner from time to time.

 

(h)          Until
it receives notice to the contrary, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Depositor and
the Trustee and the Certificate Administrator shall be entitled to rely on the most recent notification with respect to the identity
of the Certificateholders of the Controlling Class, the Controlling Class Representative, any AB

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -392- 

     

    

 

Loan Combination Controlling
Holder and the Subordinate Loan-Specific Directing Certificateholder.

 

(i)          With
respect to a Serviced Loan Combination or the Trust AB Loan Combination and any approval and consent rights in this Agreement
with respect to such Serviced Loan Combination or Trust AB Loan Combination, the related Serviced Loan Combination Controlling
Holder or Subordinate Loan-Specific Directing Certificateholder shall exercise such rights in accordance with the related intercreditor
agreement.

 

(j)          Notwithstanding
anything to the contrary contained herein, at any time when the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates
are the Controlling Class Certificates, the Holder of more than 50% of the Controlling Class Certificates (by Certificate Balance)
may waive its right to act as or appoint a Controlling Class Representative and to exercise any of the rights of the Controlling
Class Representative or cause the exercise of any of the rights of the Controlling Class Representative set forth in this Agreement,
by irrevocable written notice delivered to the Depositor, Certificate Administrator, Trustee, Master Servicer, Special Servicer
and Operating Advisor (any such Holder or group of affiliated Holders that makes such an election, the “Opting-Out Party”).
Any such waiver shall remain effective, and a Control Termination Event and a Consultation Termination Event shall be deemed to
have occurred and shall be deemed to continue, with respect to such Holder and such Class until such time as either (x) the Class
[MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates are no longer the Controlling Class of Certificates or (y) the
Opting-Out Party has (i) sold a majority of the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates (by Certificate
Balance) to an unaffiliated third party and (ii) certified to the Depositor, Certificate Administrator, Trustee, Master Servicer,
Special Servicer and Operating Advisor that (a) the Opting-Out Party retains no direct or indirect voting rights with respect
to the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates that it does not own, (b) there is no voting agreement
between the Opting-Out Party and the transferee and (c) the Opting-Out Party retains no direct or indirect economic interest in
the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates (such sale and certification, a “Class [MOST
SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Transfer”). Following any such Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE
CERTIFICATES] Transfer, or if the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES] Certificates are no longer the Controlling
Class of Certificates, the successor holder of more than 50% of the Controlling Class of Certificates (by Certificate Balance)
shall again have the rights of a Controlling Class Representative as set forth herein without regard to any prior waiver by the
predecessor Certificateholder. Such successor Certificateholder shall also have the right as provided in this Section 6.09(h)
to irrevocably waive its right to act as or appoint a Controlling Class Representative or to exercise any of the rights of
the Controlling Class Representative or to cause the exercise of any of the rights of the Controlling Class Representative as
set forth in this Agreement. No successor Certificateholder described above in this paragraph shall have any consent rights with
respect to any Serviced Mortgage Loan that became a Specially Serviced Loan prior to the Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE
CERTIFICATES] Transfer and had not also become a Corrected Loan prior to such Class [MOST SENIOR CLASS OF CONTROL ELIGIBLE CERTIFICATES]
Transfer until such time as such Serviced Mortgage Loan becomes a Corrected Loan.

 

    -393- 

     

    

 

(k)          [[CREFI]
shall be the initial Risk Retention Consultation Party and shall remain so until a successor is appointed pursuant to the terms
of this Agreement. Upon the resignation or removal of the existing Risk Retention Consultation Party, any successor Risk Retention
Consultation Party shall deliver to the parties to this Agreement a certification substantially in the form of Exhibit M-1I
to this Agreement prior to being recognized as the new Risk Retention Consultation Party. The parties hereto shall be entitled
to assume that the Risk Retention Consultation Party has not changed absent such notice.]1

 

(l)          [Once
the Risk Retention Consultation Party has been selected, each of the Master Servicer, the Special Servicer, the Depositor, the
Trustee, the Certificate Administrator, the Operating Advisor and each other Certificateholder (or Certificate Owner, if applicable)
shall be entitled to rely on such selection unless CREFI or the Risk Retention Consultation Party itself shall have notified the
Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and each other Holder
of Class VRR Certificates, in writing, of the selection of a new Risk Retention Consultation Party (along with contact information
for such new Risk Retention Consultation Party).]1

 

(m)          [Each
Certificateholder acknowledges and agrees, by its acceptance of its Certificates, that: (i) the Risk Retention Consultation Party
may have special relationships and interests that conflict with those of Holders of one or more Classes of Certificates; (ii)
the Risk Retention Consultation Party may act solely in the interests of the Holders of the Class VRR Certificates; (iii) the
Risk Retention Consultation Party does not have any liability or duties to the Holders of any Class of Certificates; (iv) the
Risk Retention Consultation Party may take actions that favor interests of the Holders of one or more Classes, including the Class
VRR Certificates, over the interests of the Holders of one or more other Classes of Certificates; and (v) the Risk Retention Consultation
Party shall have no liability whatsoever for having so acted as set forth in clauses (i) through (iv) above, and no Certificateholder
may take any action whatsoever against the Risk Retention Consultation Party or any director, officer, employee, agent or principal
of the Risk Retention Consultation Party for having so acted.]1

 

Article
VII

DEFAULT

 

Section
7.01     Servicer Termination Events.

 

(a)          “Servicer
Termination Event,” wherever used herein, means any one of the following events:

 

(i)    
      (A) any failure by the Master Servicer to make any deposit or payment required to be made
by the Master Servicer to the Collection Account or Loan Combination Custodial Account or to any Serviced Companion Loan
Holder on the day and by the time such deposit or remittance is required to be made under the terms of this Agreement, which
failure is not remedied within one (1) Business Day or (B) any failure

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -394- 

     

    

 

by the Master Servicer to deposit into, or remit to
the Certificate Administrator for deposit into, the Distribution Account, the Excess Interest Distribution Account or the
Exchangeable Distribution Account any amount required to be so deposited or remitted, which failure is not remedied by 11:00
a.m. (New York City time) on the relevant Distribution Date; or

 

(ii)          any
failure by the Special Servicer to deposit into any REO Account, within two (2) Business Days after such deposit is required to
be made or to remit to the Master Servicer for deposit into the Collection Account or the Loan Combination Custodial Account,
as applicable, any amount required to be so deposited or remitted by the Special Servicer pursuant to, and within one (1) Business
Day after the time specified by, the terms of this Agreement; or

 

(iii)         any
failure on the part of the Master Servicer or the Special Servicer, as applicable, duly to observe or perform in any material
respect any of its other covenants or obligations contained in this Agreement which continues unremedied for a period of 30 days
(10 days in the case of the Master Servicer’s failure to make a Property Advance or 20 days in the case of a failure to
pay the premium for any insurance policy required to be maintained under this Agreement or such shorter period (not less than
two (2) Business Days) as may be required to avoid the commencement of foreclosure proceedings for unpaid real estate taxes or
the lapse of insurance, as applicable) after the date on which written notice of such failure, requiring the same to be remedied,
shall have been given to the Master Servicer or the Special Servicer, as the case may be, by any other party hereto, or to the
Master Servicer or the Special Servicer, as the case may be, with a copy to each other party to this Agreement, by the Holders
of Certificates of any Class evidencing, as to such Class, not less than 25% of the Voting Rights allocable thereto (considering
each Class of the Class [A-S], Class [B] and Class [C] Certificates together with the Class [EC] Component with the same alphabetical
designation as a single “Class” for such purpose) or, if affected thereby, by a Serviced Companion Loan Holder; provided,
however, if any such failure with a 30-day cure period is capable of being cured and the Master Servicer or Special Servicer,
as applicable, is diligently pursuing such cure, such 30-day period will be extended an additional 60 days (provided that
the Master Servicer, or Special Servicer, as applicable, has commenced to cure such failure within the initial 30-day period and
has certified that it has diligently pursued, and is continuing to pursue, a full cure); or

 

(iv)         any
breach on the part of the Master Servicer or the Special Servicer of any representation or warranty contained in this Agreement,
which materially and adversely affects the interests of any Class of Certificateholders or any Serviced Companion Loan Holder
and which continues unremedied for a period of 30 days after the date on which notice of such breach, requiring the same to be
remedied, has been given to the Master Servicer or the Special Servicer, as the case may be, by the Depositor, the Certificate
Administrator or the Trustee, or to the Master Servicer, the Special Servicer, the Depositor, the Certificate Administrator and
the Trustee by the Holders of Certificates entitled to not less than 25% of the Voting Rights or, if affected thereby, by a Serviced
Companion Loan Holder; provided, however, if such breach is capable of being cured and the Master Servicer or the
Special Servicer, as applicable, is diligently pursuing such

 

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 cure, such 30-day period will be extended an additional 60 days (provided
that the Master Servicer, or Special Servicer, as applicable, has commenced to cure such failure within the initial 30-day
period and has certified that it has diligently pursued, and is continuing to pursue, a full cure); or

 

(v)          a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar
proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer or the Special
Servicer, as applicable, and such decree or order shall have remained in force undischarged, undismissed or unstayed for a period
of 60 days; or

 

(vi)         the
Master Servicer or the Special Servicer, as applicable, shall consent to the appointment of a conservator, receiver, liquidator,
trustee or similar official in any bankruptcy, insolvency, readjustment of debt, marshaling of assets and liabilities or similar
proceedings of or relating to the Master Servicer or the Special Servicer or of or relating to all or substantially all of its
property; or

 

(vii)        the
Master Servicer or the Special Servicer, as applicable, shall admit in writing its inability to pay its debts generally as they
become due, file a petition to take advantage of any applicable bankruptcy, insolvency or reorganization statute, make an assignment
for the benefit of its creditors, voluntarily suspend payment of its obligations or take any corporate action in furtherance of
the foregoing; or

 

(viii)       either
of [RA1] or [RA3] (or, in the case of Serviced Companion Loan Securities, any Companion Loan Rating Agency) has (A) qualified,
downgraded or withdrawn its rating or ratings of one or more Classes of Certificates or one or more classes of Serviced Companion
Loan Securities, or (B) placed one or more Classes of Certificates or one or more classes of Serviced Companion Loan Securities
on “watch status” in contemplation of rating downgrade or withdrawal and, in the case of either of clauses (A) or
(B), publicly citing servicing concerns with the Master Servicer or the Special Servicer, as applicable, as the sole or material
factor in such rating action (and such qualification, downgrade, withdrawal or “watch status” placement has not been
withdrawn by such Rating Agency (or, in the case of Serviced Companion Loan Securities, any Companion Loan Rating Agency), within
60 days of such event); or

 

(ix)          the
Master Servicer or the Special Servicer, as applicable, ceases to have a master servicer or special servicer ranking, as applicable,
of at least “[_____]” from [RA2] and that ranking is not reinstated within 60 days; or

 

(x)          the
Master Servicer or the Special Servicer, as applicable, or any primary servicer or Sub-Servicer appointed by the Master Servicer
or the Special Servicer after the Closing Date (but excluding any Sub-Servicer set forth on Exhibit S), shall (A) for so
long as the Trust is subject to the reporting requirements of Regulation AB or the Exchange Act, fail to deliver the items required
to be delivered by this Agreement to

 

    -396- 

     

    

 

enable the Certificate Administrator or Depositor to comply with the reporting obligations
of the Trust under the Exchange Act or (B) for so long as any Other Securitization Trust is subject to the reporting requirements
of Regulation AB or the Exchange Act, fail to deliver any Exchange Act reporting items required to be delivered by such servicer
to the related Other Depositor or related Other Exchange Act Reporting Party pursuant to Article X of this Agreement, in the case
of each of clauses (A) and (B), within (a) with respect to the delivery of any item relating to a Reportable Event, two (2) Business
Days of such failure to comply with Article X or (b) with respect to the delivery of any other item, five (5) Business
Days of such failure to comply with Article X (any primary servicer or Sub-Servicer that defaults in accordance with this
Section 7.01(a)(xi) shall be terminated at the direction of the Depositor);

 

then,
and in each and every such case, so long as a Servicer Termination Event shall not have been remedied, either (i) the Trustee
may or (ii) upon the written direction of the Holders of at least 25% of the aggregate Voting Rights of all Certificates (or,
solely in the case of a Serviced Loan Combination, upon the written direction of an affected Serviced Companion Loan Holder) to
the Trustee, then the Trustee shall, terminate the Master Servicer or the Special Servicer, as applicable. Notwithstanding anything
to the contrary, it shall not be a Servicer Termination Event with respect to the pool of Mortgage Loans under clauses (i), (ii),
(iii), (iv), (viii) or (ix) above if the failure, default or event only has an adverse effect on a Serviced Companion Loan, a
Serviced Companion Loan Holder or a rating on any Serviced Companion Loan Securities, but shall be a Servicer Termination Event
with respect to the related Serviced Companion Loan and any related Serviced Companion Loan Holder shall: (i) in the case of any
such failure, default or event on the part of the Master Servicer, have the remedies set forth in Section 7.01(d) with
respect to the Servicer Termination Event with respect to the related Serviced Companion Loan; and (ii) with respect to any such
failure, default or event on the part of the Special Servicer, be able to require termination of the Special Servicer with respect
to, but only with respect to, the related Serviced Loan Combination.

 

In
the event that the Master Servicer is also the Special Servicer and the Master Servicer is terminated as provided in this Section
7.01, the Master Servicer shall also be terminated as Special Servicer.

 

(b)          If
the Master Servicer receives notice of termination under Section 7.01(c) solely due to a Servicer Termination Event under
Section 7.01(a)(viii) or Section 7.01(a)(ix) and if the Master Servicer to be terminated pursuant to Section
7.01(c) provides the Trustee with the appropriate “request for proposal” materials within five (5) Business Days
following such termination notice, then the Master Servicer shall continue to service as Master Servicer hereunder until a successor
Master Servicer is selected in accordance with this Section 7.01(b). Upon receipt of the “request for proposal”
materials, Trustee shall promptly thereafter (using such “request for proposal” materials provided by the Master Servicer
pursuant to Section 7.01(c)) solicit good faith bids for the rights to service the Mortgage Loans, the Serviced Loan Combinations
and the Trust Subordinate Companion Loan under this Agreement from at least three (3) Persons qualified to act as a successor
Master Servicer hereunder in accordance with Section 6.04 (any such Person so qualified, a “Qualified Bidder”)
or, if three (3) Qualified Bidders cannot be located, then from as many persons as the Trustee can determine are Qualified Bidders;
provided that, the Master Servicer shall supply the Trustee with the names of Persons

 

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from whom to solicit such bids; and
provided, further, that the Trustee shall not be responsible if less than three (3) or no Qualified Bidders submit
bids for the right to service the Mortgage Loans and the Trust Subordinate Companion Loan under this Agreement. The bid proposal
shall require any Successful Bidder (as defined below), as a condition of such bid, to enter into this Agreement as successor
Master Servicer, and to agree to be bound by the terms hereof, within 45 days after the notice of termination of the Master Servicer.
The Trustee shall select the Qualified Bidder with the highest cash bid (the “Successful Bidder”) to act as
successor Master Servicer hereunder; provided, however, that if the Trustee does not receive a Rating Agency Confirmation
from each Rating Agency within 10 days after the selection of such Successful Bidder, then the Trustee shall repeat the bid process
described above (but subject to the above-described 45-day time period) until such confirmation is obtained. The Trustee shall
request the Successful Bidder to enter into this Agreement as successor Master Servicer pursuant to the terms hereof no later
than 45 days after notice of the termination of the Master Servicer.

 

Upon
the assignment and acceptance of master servicing rights hereunder (subject to the terms of Section 3.12 of this Agreement)
to and by the Successful Bidder, the Trustee shall remit or cause to be remitted to the Master Servicer to be terminated pursuant
to Section 7.01(c) of this Agreement, the amount of such cash bid received from the Successful Bidder (net of “out-of-pocket”
expenses incurred in connection with obtaining such bid and transferring servicing).

 

The
Master Servicer to be terminated pursuant to Section 7.01(c) of this Agreement shall be responsible for all out-of-pocket
expenses incurred in connection with the attempt to sell its rights to service the Mortgage Loans, the Serviced Loan Combinations
and the Trust Subordinate Companion Loan, which expenses are not reimbursed to the party that incurred such expenses pursuant
to the preceding paragraph.

 

If
the Successful Bidder has not entered into this Agreement as successor Master Servicer within the above-described time period
or no Successful Bidder was identified within the above-described time period, the Master Servicer to be terminated pursuant to
Section 7.01(c) shall reimburse the Trustee for all reasonable “out-of-pocket” expenses incurred by the Trustee
in connection with such bid process and the Trustee shall have no further obligations under this Section 7.01(b). The Trustee
thereafter may act or may select a successor to act as Master Servicer hereunder in accordance with Section 7.02.

 

(c)          In
the event that the Master Servicer or the Special Servicer is terminated pursuant to this Section 7.01, the Trustee shall,
by notice in writing to the Master Servicer or the Special Servicer, as the case may be (the “Terminated Party”),
terminate all of its rights and obligations under this Agreement and in and to the Mortgage Loans and Serviced Loan Combination
and the proceeds thereof, other than any rights the Master Servicer or Special Servicer may have hereunder as a Certificateholder
and any rights or obligations that accrued prior to the date of such termination (including the right to receive all amounts accrued
or owing to it under this Agreement, plus interest at the Advance Rate on such amounts until received to the extent such amounts
bear interest as provided in this Agreement, with respect to periods prior to the date of such termination and the right to the
benefits of Section 6.03 and subsection (b) above notwithstanding any such termination). On or after the receipt by the
Terminated Party of such written notice, all of its authority and power under this Agreement, whether with respect to

 

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the Certificates
(except that the Terminated Party shall retain its rights as a Certificateholder in the event and to the extent that it is a Certificateholder)
or the Mortgage Loans and Serviced Loan Combination or otherwise, shall pass to and be vested in the Trustee pursuant to and under
this Section and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of and
at the expense of the Terminated Party, as attorney-in-fact or otherwise, any and all documents and other instruments, and to
do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether
to complete the transfer and endorsement or assignment of the Mortgage Loans and Serviced Loan Combination and related documents,
or otherwise. The Master Servicer and the Special Servicer each agrees that, in the event it is terminated pursuant to this Section
7.01, to promptly (and in any event no later than ten Business Days subsequent to such notice) provide, at its own expense,
the Trustee (or the successor Master Servicer selected by the Trustee pursuant to Section 7.01(b) of this Agreement or
the successor Master Servicer or Special Servicer, as applicable, otherwise appointed pursuant to Section 7.02 of this
Agreement) with all documents and records requested by the Trustee (or the successor Master Servicer selected by the Trustee pursuant
to Section 7.01(b) of this Agreement or the successor Master Servicer or Special Servicer, as applicable, otherwise appointed
pursuant to Section 7.02 of this Agreement) to enable the Trustee or other successor to its responsibilities hereunder
to assume its functions hereunder, and to cooperate with the Trustee and the successor to its responsibilities hereunder in effecting
the termination and transfer of its responsibilities and rights hereunder, including, without limitation, the transfer to the
successor Master Servicer or successor Special Servicer or the Trustee, as applicable, for administration by it of all cash amounts
which shall at the time be or should have been credited by the Master Servicer or the Special Servicer to the Collection Account,
any Loan Combination Custodial Account, any REO Account or Lock-Box Account shall thereafter be received with respect to the Mortgage
Loans and Serviced Loan Combination, and shall promptly provide the Trustee or such successor Master Servicer or Special Servicer
(which may include the Trustee), as applicable, all documents and records reasonably requested by it, such documents and records
to be provided in such form as the Trustee or such successor Master Servicer or Special Servicer shall reasonably request (including
electromagnetic form), to enable it to assume the Master Servicer’s or Special Servicer’s function hereunder. All
reasonable costs and expenses actually incurred by the Trustee, the Certificate Administrator or the successor Master Servicer
or successor Special Servicer in connection with transferring Mortgage Files, Servicing Files and related information, records
and reports to the successor Master Servicer or Special Servicer and amending this Agreement to reflect (as well as providing
appropriate notices to Mortgagors, ground lessors, insurers and other applicable third parties regarding) such succession as successor
Master Servicer or successor Special Servicer pursuant to this Section 7.01 shall be paid by the predecessor Master Servicer
or the Special Servicer, as applicable, upon presentation of reasonable documentation of such costs and expenses. If the predecessor
Master Servicer or Special Servicer (as the case may be) has not reimbursed the Trustee, the Certificate Administrator or the
successor Master Servicer or Special Servicer for such expenses within 90 days after the presentation of reasonable documentation,
such expense shall be reimbursed by the Trust Fund; provided that the Terminated Party shall not thereby be relieved of
its liability for such expenses.

 

(d)          Notwithstanding
Sections 7.01(a) and Section 7.01(c), if (1) any Servicer Termination Event on the part of the Master Servicer affects
a Serviced Companion Loan or a Trust Subordinate Companion Loan, the related Serviced Companion Loan Holder or the related

 

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Subordinate
Loan-Specific Directing Certificateholder or the rating on a class of the related Serviced Companion Loan Securities and the Master
Servicer is not otherwise terminated in accordance with Section 7.01(c), or (2) a Servicer Termination Event on the part
of the Master Servicer occurs that affects only a Serviced Companion Loan or a Trust Subordinate Companion Loan, the related Serviced
Companion Loan Holder or the related Subordinate Loan-Specific Directing Certificateholder or the rating on a class of the related
Serviced Companion Loan Securities, the Master Servicer may not be terminated in accordance with Section 7.01(c), but,
at the written direction of the related Serviced Companion Loan Holder, the Master Servicer shall appoint, within 30 days of such
direction, a sub-servicer (or, if the related Serviced Loan Combination or the related Trust AB Loan Combination is currently
being sub-serviced, to replace, within 30 days of such direction, the then current sub-servicer with a new sub-servicer). In connection
with the Master Servicer’s appointment of any sub-servicer at the direction of a Serviced Companion Loan Holder or Subordinate
Loan-Specific Directing Certificateholder in accordance with this Section 7.01(d), the Master Servicer shall obtain a Rating
Agency Confirmation from each Rating Agency. The related sub-servicing agreement shall provide that any sub-servicer appointed
by the Master Servicer at the direction of a Serviced Companion Loan Holder or Subordinate Loan-Specific Directing Certificateholder
in accordance with this Section 7.01(d) shall be responsible for all duties, and shall be entitled to all compensation
(other than the Excess Servicing Fee Right), of the Master Servicer under this Agreement with respect to the related Serviced
Loan Combination or the related Trust AB Loan Combination, except that the Master Servicer shall be entitled to retain a portion
of the Servicing Fee for the Mortgage Loan that is part of the related Serviced Loan Combination or the related Trust AB Loan
Combination calculated at 0% per annum with respect to such Mortgage Loan (and any related REO Mortgage Loan). Such sub-servicing
agreement (a) may be terminated without cause and without payment of any fee and (b) shall also provide that such sub-servicer
shall agree to become the master servicer under a separate servicing agreement for the applicable Serviced Loan Combination or
Trust AB Loan Combination in the event that such Serviced Loan Combination or Trust AB Loan Combination is no longer to be serviced
and administered hereunder, which separate servicing agreement shall contain servicing and administration, limitation of liability,
indemnification and servicing compensation provisions substantially similar to the corresponding provisions of this Agreement,
except for the fact that the applicable Serviced Loan Combination or Trust AB Loan Combination and the related Mortgaged Properties
shall be the sole assets serviced and administered thereunder and the sole source of funds thereunder. If any sub-servicer appointed
by the Master Servicer at the direction of a Serviced Companion Loan Holder or Subordinate Loan-Specific Directing Certificateholder
in accordance with this Section 7.01(d) shall at any time resign or be terminated, the Master Servicer shall be required
to promptly appoint a substitute sub-servicer and obtain a Rating Agency Confirmation. In the event a successor Master Servicer
is acting hereunder and that successor Master Servicer desires to terminate the sub-servicer appointed under this Section 7.01(d),
the terminated Master Servicer that was responsible for the Servicer Termination Event that led to the appointment of such sub-servicer
shall be responsible for all costs incurred in connection with such termination, including the payment of any termination fee.

 

(e)          If
the Trustee, the Certificate Administrator or the Master Servicer has received written notice (which, for the purposes of this
clause (e), shall include any publications by [RA1], [RA2] or [RA3] of which the Trustee, the Certificate Administrator
or any Servicing

 

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Officer of the Master Servicer, as the case may be, has actual knowledge) from [RA1], [RA2] or [RA3] that the
Master Servicer no longer is an approved master servicer then such party shall promptly notify the others and the Special Servicer,
and the Certificate Administrator shall notify the related Serviced Companion Loan Holder of the same.

 

Section
7.02     Trustee to Act; Appointment of Successor. On and after the time the Master Servicer
or the Special Servicer receives a notice of termination pursuant to Section 7.01, the Trustee shall, subject to the
following provisions of this Section 7.02, be its successor in all respects in its capacity as Master Servicer or
Special Servicer under this Agreement and the transactions set forth or provided for herein and, except as provided herein,
shall be subject to all the responsibilities, duties, limitations on liability and liabilities relating thereto and arising
thereafter placed on the Master Servicer or Special Servicer by the terms and provisions hereof; provided, however,
that (i) the Trustee shall have no responsibilities, duties, liabilities or obligations with respect to any act or omission
of the Master Servicer or Special Servicer and (ii) any failure to perform, or delay in performing, such duties or
responsibilities caused by the Terminated Party’s failure to provide, or delay in providing, records, tapes, disks,
information or moneys shall not be considered a default by such successor hereunder. The Trustee, as successor Master
Servicer or successor Special Servicer, shall be indemnified to the full extent provided the Master Servicer or Special
Servicer, as applicable, under this Agreement prior to the Master Servicer’s or the Special Servicer’s
termination. The appointment of a successor Master Servicer or successor Special Servicer shall not affect any liability of
the predecessor Master Servicer or Special Servicer which may have arisen prior to its termination as Master Servicer or
Special Servicer. The Trustee shall not be liable for any of the representations, liabilities or warranties of the Master
Servicer or Special Servicer herein or in any related document or agreement, for any acts or omissions of the
predecessor Master Servicer or predecessor Special Servicer or for any losses incurred in respect of any Permitted Investment
by the Master Servicer pursuant to Section 3.07 of this Agreement nor shall the Trustee be required to purchase any
Mortgage Loan, Serviced Loan Combination or Trust Subordinate Companion Loan hereunder. As compensation therefor, the Trustee
as successor Master Servicer or successor Special Servicer shall be entitled to the Servicing Fee or Special Servicing
Compensation, as applicable, and all funds relating to the Mortgage Loans, Serviced Companion Loans and the Trust Subordinate
Companion Loan that accrue after the date of the Trustee’s succession to which the Master Servicer or Special Servicer
would have been entitled if the Master Servicer or Special Servicer, as applicable, had continued to act hereunder. In the
event any Advances made by the Master Servicer and the Trustee shall at any time be outstanding, or any amounts of interest
thereon shall be accrued and unpaid, all amounts available to repay Advances and interest hereunder shall be applied entirely
to the Advances made by the Trustee (and the accrued and unpaid interest thereon), until such Advances and interest shall
have been repaid in full. Notwithstanding the above and subject to Section 6.08, the Trustee may, if it shall be
unwilling to so act, or shall, if it is unable to so act, or if the Holders of Certificates entitled to at least 25% of the
aggregate Voting Rights so request in writing to the Trustee, or if the Rating Agencies do not provide Rating Agency
Confirmations with respect to the Trustee so acting, promptly appoint, or petition a court of competent jurisdiction to
appoint, any established mortgage loan servicing institution for which a Rating Agency Confirmation from each Rating Agency
has been obtained (at the expense of the terminated Master Servicer or Special Servicer, as applicable, or, if the expense is
not so recovered, at the expense of the Trust Fund), as the successor to the Master Servicer or the Special Servicer, as
applicable, hereunder in the

 

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assumption of all or any part of the responsibilities, duties or liabilities of the Master
Servicer or Special Servicer hereunder; provided that, the related Outside Controlling Note Holder shall have
the right to approve a successor Special Servicer with respect to any Serviced Outside Controlled Loan Combination, and prior
to the occurrence and continuance of a Control Termination Event, the Controlling Class Representative shall have the right
to approve a successor Special Servicer with respect to the other Serviced Loans. No appointment of a successor to the Master
Servicer or Special Servicer hereunder shall be effective until (i) the assumption by such successor of all the Master
Servicer’s or Special Servicer’s responsibilities, duties and liabilities hereunder and (ii) in the case of the
appointment of a successor Special Servicer, the Depositor and, if applicable, each related Other Depositor shall have
received the written notice and information with respect to such successor Special Servicer as set forth in Section
10.02(a). Pending appointment of a successor to the Master Servicer (or the Special Servicer if the Special Servicer is
also the Master Servicer) hereunder, unless the Trustee shall be prohibited by law from so acting, the Trustee shall act in
such capacity as herein above provided. Pending the appointment of a successor to the Special Servicer, unless the Master
Servicer is also the Special Servicer, the Master Servicer shall act in such capacity. In connection with such appointment
and assumption described herein, the Trustee may make such arrangements for the compensation of such successor out of
payments on Mortgage Loans, Serviced Companion Loans and Trust Subordinate Companion Loan as it and such successor shall
agree; provided, however, that no such compensation shall be in excess of that permitted the Terminated Party
hereunder; provided, further, that if no successor to the Terminated Party can be obtained to perform the
obligations of such Terminated Party hereunder, additional amounts shall be paid to such successor and such amounts in excess
of that permitted the Terminated Party shall be treated as Realized Losses; and provided, further that, for so
long as no Consultation Termination Event has occurred and is continuing, the Trustee shall consult with the Controlling
Class Representative (and, if a Serviced Outside Controlled Loan Combination is affected, the Trustee shall consult with the
related Outside Controlling Note Holder) prior to the appointment of a successor to the Terminated Party at such amounts in
excess of that permitted the Terminated Party. The Depositor, the Trustee, the Master Servicer or Special Servicer and
such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such
succession.

 

If
the Trustee or an Affiliate acts pursuant to this Section 7.02 as successor to the terminated Master Servicer, it may reduce
the Excess Servicing Fee Rate to the extent that the Trustee’s or such Affiliate’s compensation as successor Master
Servicer would otherwise be below the market rate servicing compensation. If the Trustee elects to appoint a successor to the
terminated Master Servicer other than itself or an Affiliate pursuant to this Section 7.02, it may reduce the Excess Servicing
Fee Rate to the extent reasonably necessary (in the sole discretion of the Trustee) for the Trustee to appoint a qualified successor
Master Servicer that meets the requirements of this Section 7.02.

 

Section
7.03     Notification to Certificateholders.

 

(a)          Upon
any termination pursuant to Section 7.01 above or appointment of a successor to the Master Servicer or the Special Servicer,
the Certificate Administrator shall give prompt written notice thereof to Certificateholders (including, with respect to the Trust
AB Loan Combination, the Holders of the Class [LOAN-SPECIFIC] Certificates and the related

 

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Subordinate Loan-Specific Directing
Certificateholder) at their respective addresses appearing in the Certificate Register, to the Serviced Companion Loan Holders,
and electronically, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this
Agreement, to the Rule 17g-5 Information Provider.

 

(b)          Within
30 days after the occurrence of any Servicer Termination Event or Operating Advisor Termination Event of which a Responsible Officer
of the Certificate Administrator has actual knowledge, the Certificate Administrator shall transmit by mail to all Holders of
Certificates and any affected Serviced Companion Loan Holder (to the extent the Certificate Administrator has received the notice
information for such Serviced Companion Loan Holder after a request therefor) and electronically, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 12.13 of this Agreement, to the Rule 17g-5 Information Provider
notice of such Servicer Termination Event or Operating Advisor Termination Event, unless such Servicer Termination Event or Operating
Advisor Termination Event shall have been cured or waived.

 

Section
7.04    Other Remedies of Trustee. During the continuance of any Servicer Termination Event, so long as such Servicer
Termination Event shall not have been remedied, the Trustee, in addition to the rights specified in Section 7.01,
shall have the right, in its own name as trustee of an express trust, to take all actions now or hereafter existing at law,
in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies,
of the Certificateholders and the Serviced Companion Loan Holders (including the institution and prosecution of all judicial,
administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). In such event, the
legal fees, expenses and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities
of the defaulting Master Servicer or Special Servicer, as applicable. If the Master Servicer or Special Servicer, as
applicable, fails to remedy, after the presentation of reasonable documentation, the Trustee shall be entitled to be
reimbursed for such expenses, costs and liability from the Collection Account or the Loan Combination Custodial Account, as
applicable, as provided in Section 3.06 and Section 3.06A of this Agreement; provided that the Master
Servicer or the Special Servicer, as applicable, shall not be relieved of such liability for such expenses, costs and
liabilities. Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be
exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay
or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any
Servicer Termination Event of the Master Servicer or the Special Servicer.

 

Section
7.05     Waiver of Past Servicer Termination Events and Operating Advisor Termination Events;
Termination. The Holders of Certificates evidencing not less than [___]% of the aggregate Voting Rights of the
Certificates (and, if such Servicer Termination Event is on the part of a Special Servicer, with respect to the related
Serviced Loan Combination only, by each affected Serviced Companion Loan Holder) may, on behalf of all Holders of
Certificates, waive any Servicer Termination Event on the part of the Master Servicer, Special Servicer or any Operating
Advisor Termination Event on the part of the Operating Advisor in the performance of its obligations hereunder and its
consequences, except a Servicer Termination Event in connection with making any required deposits (including, with respect to
the Master Servicer, P&I Advances) to or payments from the Collection Account, a Loan Combination

 

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Custodial Account or
the Lower-Tier Distribution Account or in remitting payments as received, in each case in accordance with this Agreement.
Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event or Operating
Advisor Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No
such waiver shall extend to any subsequent or other default or impair any right consequent thereon. Any costs and expenses
incurred by the Certificate Administrator in connection with such default and prior to such waiver shall be reimbursed by the
Master Servicer, the Special Servicer or the Operating Advisor, as applicable, promptly upon demand therefor and if not
reimbursed to the Certificate Administrator within 90 days of such demand, from the Trust Fund; provided that the
Trust Fund shall be reimbursed by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, to
the extent such amounts are reimbursed to the Certificate Administrator from the Trust Fund. Notwithstanding the foregoing,
(a) a Servicer Termination Event under any of Section 7.01(a)(i) and Section 7.01(a)(ii) of this Agreement may
be waived only by all of the Certificateholders of the affected Classes (considering each Class of the Class [A-S], Class [B]
and Class [C] Certificates together with the Class [EC] Component of the same alphabetical designation as a single
“Class” for such purpose), and (b) a Servicer Termination Event under Section 7.01(a)(x) of this Agreement
may be waived only with the consent of the Depositor, together with (in the case of each of clauses (a) and (b)) the consent
of each Serviced Companion Loan Holder, if any, that is affected by such Servicer Termination Event.

 

The
foregoing paragraph notwithstanding, if the Holders representing at least the requisite percentage of the Voting Rights allocated
to each affected Class of Certificates desire to waive a Servicer Termination Event by the Master Servicer, but a Serviced Companion
Loan Holder related to a Serviced Loan Combination (if adversely affected thereby) does not wish to waive that Servicer Termination
Event, then those Certificateholders may still waive that Servicer Termination Event, and the applicable Serviced Companion Loan
Holder will be entitled to request that the Master Servicer appoint, within 60 days of the applicable Serviced Companion Loan
Holder’s request, a sub-servicer (or, if the applicable Serviced Loan Combination is currently being subserviced, to replace,
within 60 days of the applicable Serviced Companion Loan Holder’s request, the then current sub-servicer with a new sub-servicer)
with respect to the applicable Serviced Loan Combination. In connection with the Master Servicer’s appointment of a sub-servicer
at the request of a Serviced Companion Loan Holder in accordance with this Section 7.05, the Master Servicer shall obtain
a Rating Agency Confirmation from each Rating Agency at the expense of the Serviced Companion Loan Holder. The related sub-servicing
agreement shall provide that any sub-servicer appointed by the Master Servicer at the request of a Serviced Companion Loan Holder
in accordance with this Section 7.05 shall be responsible for all duties, and shall be entitled to all compensation (other
than the Excess Servicing Fee Right), of the Master Servicer under this Agreement with respect to the applicable Serviced Loan
Combination, except that the Master Servicer shall be entitled to retain a portion of the Servicing Fee for the related Mortgage
Loan calculated at 0% per annum. Such Sub-Servicing Agreement (a) may be terminated without cause and without the payment of any
fee and (b) shall also provide that such sub-servicer shall become the master servicer under a separate servicing agreement for
the applicable Serviced Loan Combination in the event that the Serviced Loan Combination is no longer to be serviced and administered
hereunder, which separate servicing agreement shall contain servicing and administration, limitation of liability, indemnification
and servicing compensation provisions substantially similar to the corresponding

 

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provisions of this Agreement, except for the
fact that the applicable Serviced Loan Combination and the related Mortgaged Properties shall be the sole assets serviced and
administered thereunder and the sole source of funds thereunder. Such sub-servicer (a) may be terminated without cause and without
the payment of any fee and (b) shall meet the requirements of Section 3.01 of this Agreement. If any sub-servicer appointed
by the Master Servicer at the request of a Serviced Companion Loan Holder in accordance with this Section 7.05 shall at
any time resign or be terminated, the Master Servicer shall be required to promptly appoint a substitute sub-servicer with respect
to which a Rating Agency Confirmation has been obtained at the expense of the applicable resigning or terminated sub-servicer
(and any applicable Sub-Servicing Agreement shall so provide), and if the resigning or terminated sub-servicer fails to cover
such expense, the Master Servicer shall do so. In the event a successor Master Servicer is acting hereunder and that successor
Master Servicer desires to terminate the sub-servicer appointed under this Section 7.05, the terminated Master Servicer
that was responsible for the Servicer Termination Event that led to the appointment of such sub-servicer shall be responsible
for all costs incurred in connection with such termination, including the payment of any termination fee.

 

Section
7.06 Termination of the Operating Advisor.

 

(a)          An
“Operating Advisor Termination Event” means any one of the following events whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body:

 

(i)        
  any failure by the Operating Advisor to observe or perform in any material respect any of its covenants or
agreements or the material breach of its representations or warranties under this Agreement, which failure shall continue
unremedied for a period of 30 days after the date on which written notice of such failure shall have been given to the
Operating Advisor by the Trustee or to the Operating Advisor and the Trustee by the Holders of Certificates having greater
than 25% of the aggregate Voting Rights of all then outstanding Certificates; provided, however, that with
respect to any such failure which is not curable within such 30-day period, the Operating Advisor shall have an additional
cure period of thirty (30) days to effect such cure so long as it has commenced to cure such failure with the initial 30-day
period and has provided the Trustee and the Certificate Administrator with an Officer’s Certificate certifying that it
has diligently pursued, and is continuing to pursue, such cure;

 

(ii)          any
failure by the Operating Advisor to perform its obligations set forth in this Agreement in accordance with the Operating Advisor
Standard which failure shall continue unremedied for a period of 30 days after the date on which written notice of such failure
is given to the Operating Advisor by any party to this Agreement;

 

(iii)         any
failure by the Operating Advisor to be an Eligible Operating Advisor, which failure shall continue unremedied for a period of
30 days;

 

(iv)         a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or

 

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state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Operating Advisor, and such decree or order shall
have remained in force undischarged or unstayed for a period of 60 days;

 

(v)          the
Operating Advisor shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee in any
insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of or relating
to the Operating Advisor or of or relating to all or substantially all of its property; or

 

(vi)         the
Operating Advisor shall admit in writing its inability to pay its debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily
suspend payment of its obligations.

 

Upon
receipt by the Certificate Administrator of notice of the occurrence of any Operating Advisor Termination Event, the Certificate
Administrator shall promptly provide written notice to all Certificateholders by posting such notice on its internet website,
unless the Certificate Administrator has received notice that it has been remedied. If an Operating Advisor Termination Event
shall occur then, and in each and every such case, so long as such Operating Advisor Termination Event shall not have been remedied,
either the Trustee (i) may or (ii) upon the written direction of holders of Certificates evidencing not less than [25]% of the
Voting Rights of each Class of Non-Reduced Certificates, the Trustee shall, terminate all of the rights and obligations of the
Operating Advisor under this Agreement, other than rights and obligations accrued prior to such termination (including the right
to receive all amounts accrued and owing to it under this Agreement) and other than indemnification rights (arising out of events
occurring prior to such termination), by notice in writing to the Operating Advisor. Notwithstanding anything herein to the contrary,
the Depositor shall have the right, but not the obligation, to notify the Certificate Administrator and the Trustee of any Operating
Advisor Termination Event of which the Depositor becomes aware.

 

(b)          Upon
(i) the written direction of Holders of Certificates evidencing not less than 15% of the Voting Rights of the Non-Reduced Certificates
requesting a vote to terminate and replace the Operating Advisor with a proposed successor Operating Advisor that is an Eligible
Operating Advisor and (ii) payment by such Holders to the Certificate Administrator of the reasonable fees and expenses to be
incurred by the Certificate Administrator in connection with administering such vote, the Certificate Administrator shall promptly
provide written notice of the requested vote to the Operating Advisor and to all Certificateholders by (i) posting such notice
on its internet website, and (ii) mailing such notice to all Certificateholders at their addresses appearing in the Certificate
Register and to the Operating Advisor. Upon the affirmative vote of the Holders of Certificates evidencing more than 50% of the
Voting Rights allocable to the Non-Reduced Certificates of those Holders that exercise their right to vote (provided that
Holders entitled to exercise at least 50% of the Voting Rights allocable to the Non-Reduced Certificates exercise their right
to vote within 180 days of the initial request for a vote (which, for the avoidance of doubt, is the date on which the aforementioned
notice was

 

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mailed to the Certificateholders)), the Trustee shall terminate all of the rights and obligations of the Operating
Advisor under this Agreement by notice in writing to the Operating Advisor. The provisions set forth in the foregoing sentences
of this Section 7.06(b) shall be binding upon and inure to the benefit of solely the Certificateholders and the Trustee
as between each other. The Operating Advisor shall not have any cause of action based upon or arising from any breach or alleged
breach of such provisions. As between the Operating Advisor, on the one hand, and the Certificateholders, on the other, the Certificateholders
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Operating Advisor.
The Certificate Administrator shall include on each Distribution Date Statement a statement that each Certificateholder and Certificate
Owner may access notices on the Certificate Administrator’s Website and each Certificateholder and Certificate Owner may
register to receive e-mail notifications when such notices are posted on the Certificate Administrator’s Website; provided
that the Certificate Administrator shall be entitled to reimbursement from the requesting Certificateholders for the reasonable
expenses of posting such notices.

 

(c)          On
or after the receipt by the Operating Advisor of such written notice of termination, subject to the foregoing, all of its authority
and power under this Agreement shall be terminated and, without limitation, the terminated Operating Advisor shall execute any
and all documents and other instruments, and do or accomplish all other acts or things reasonably necessary or appropriate to
effect the purposes of such notice of termination. As soon as practicable, but in no event later than 15 Business Days after (1)
the Operating Advisor resigns pursuant to Section 6.04 of this Agreement (excluding resignation under the circumstances
contemplated in Section 6.04(d) where no successor Operating Advisor is required to be appointed) or (2) the Trustee delivers
such written notice of termination to the Operating Advisor, the Trustee shall appoint a successor Operating Advisor that is an
Eligible Operating Advisor. The Trustee shall provide written notice of the appointment of a successor Operating Advisor to the
Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Depositor, [the Risk Retention
Consultation Party,]1 any related Outside Controlling Note Holder and, if a Consultation Termination Event does
not exist, the Controlling Class Representative within one Business Day of such appointment, and the Certificate Administrator
shall provide written notice of such appointment to each Certificateholder within one Business Day of the receipt of such notice
of appointment from the Trustee. Except as contemplated by Section 7.06(b) of this Agreement, the appointment of a successor
Operating Advisor shall not be subject to the vote, consent or approval of the holder of any Class of Certificates.

 

The
Operating Advisor shall not at any time be the Depositor, the Master Servicer, the Special Servicer, a Sponsor or an Affiliate
of any of them. If any of such entities becomes the Operating Advisor, including by means of an Affiliation arising after the
date hereof, the Operating Advisor shall immediately resign or cause an assignment under Section 6.04 of this Agreement
and the Trustee shall appoint a successor Operating Advisor subject to and in accordance with this Section 7.06(c), which
successor Operating Advisor may be an Affiliate of the Trustee. Notwithstanding the foregoing, if the Trustee is unable to find
a

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest. 

 

    -407- 

     

    

 

successor Operating Advisor within 30 days of the termination of the Operating Advisor, the Depositor shall be permitted to
find a replacement. Unless and until a replacement Operating Advisor is appointed, no party shall act as the Operating Advisor
and the provisions in this Agreement relating to consultation with respect to the Operating Advisor shall not be applicable until
a replacement Operating Advisor is appointed hereunder.

 

(d)          Upon
any resignation or termination of the Operating Advisor and, if applicable, appointment of a successor to the Operating Advisor,
the Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Asset Representations
Reviewer, the Certificate Administrator (who shall, as soon as possible, give written notice thereof to the Certificateholders),
the Depositor, any related Outside Controlling Note Holder, the Controlling Class Representative (if a Consultation Termination
Event does not exist) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13
of this Agreement, the Rule 17g-5 Information Provider. In the event that the Operating Advisor resigns or is terminated, all
of its rights and obligations under this Agreement shall terminate, other than any rights or obligations that accrued prior to
the date of such resignation or termination (including the right to receive all amounts accrued and owing to it under this Agreement)
and other than any rights to indemnification arising out of events occurring prior to such resignation or termination.

 

Article
VIII

CONCERNING THE TRUSTEE and The Certificate Administrator

 

Section
8.01    Duties of the Trustee and the Certificate Administrator.

 

(a)          The
Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge
and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and
only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as
a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge,
the Trustee, subject to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of
the rights and powers vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent
person would exercise or use under the circumstances in the conduct of such person’s own affairs. The Certificate Administrator
undertakes to perform at all times such duties and only such duties as are specifically set forth in this Agreement and no permissive
right of the Certificate Administrator shall be construed as a duty.

 

(b)          Each
of the Trustee and the Certificate Administrator, upon receipt of any resolutions, certificates, statements, opinions, reports,
documents, orders or other instruments furnished to the Trustee or the Certificate Administrator, as applicable, which are specifically
required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform on
their face to the requirements of this Agreement to the extent specifically set forth herein; provided, however,
that neither the Trustee nor the Certificate Administrator shall be responsible for the accuracy or content of any such resolution,
certificate, statement, opinion, report, document, order or other instrument provided to it hereunder if

 

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accepted in good faith.
If any such instrument is found not to conform on its face to the requirements of this Agreement in a material manner, the Trustee
or the Certificate Administrator, as applicable, shall request a corrected instrument, and if the instrument is not corrected
to the Trustee’s or the Certificate Administrator’s, as applicable, reasonable satisfaction, the Certificate Administrator
(if the Certificate Administrator requested the corrected instrument or upon direction from the Trustee if the Trustee requested
the corrected instrument) will provide notice thereof to the Certificateholders.

 

(c)          Neither
the Trustee, the Certificate Administrator nor any of their respective officers, directors, employees, agents or “control”
persons within the meaning of the Act shall have any liability arising out of or in connection with this Agreement, provided
that, subject to Section 8.02 of this Agreement, no provision of this Agreement shall be construed to relieve the Trustee
or the Certificate Administrator, as applicable, or any such person, from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct or its own bad faith; and provided, further, that:

 

(i)     
     Prior to the occurrence of a Servicer Termination Event or Operating Advisor Termination Event
of which a Responsible Officer of the Trustee has actual knowledge, and after the curing or waiver of all such Servicer
Termination Events which may have occurred, the duties and obligations of the Trustee shall be determined solely by the
express provisions of this Agreement, neither the Trustee nor the Certificate Administrator shall be liable except for the
performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or
obligations shall be read into this Agreement against the Trustee or the Certificate Administrator and, in the absence of bad
faith on the part of the Trustee or the Certificate Administrator, the Trustee or the Certificate Administrator, as
applicable, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein,
upon any resolutions, certificates, statements, reports, opinions, documents, orders or other instruments furnished to the
Trustee or the Certificate Administrator, as applicable, that conform on their face to the requirements of this Agreement
without responsibility for investigating the contents thereof;

 

(ii)          Neither
the Trustee nor the Certificate Administrator shall be personally liable for an error of judgment made in good faith by a Responsible
Officer or Responsible Officers, unless it shall be proved that the Trustee or the Certificate Administrator, as applicable, was
negligent in ascertaining the pertinent facts;

 

(iii)         Neither
the Trustee nor the Certificate Administrator shall be personally liable with respect to any action taken, suffered or omitted
to be taken by it in good faith in accordance with the direction of Holders of Certificates entitled to greater than 50% of the
Percentage Interests (or such other percentage as is specified herein) of each affected Class, or of the aggregate Voting Rights
of the Certificates, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee
or the Certificate Administrator, as applicable, or exercising any trust or power conferred upon the Trustee or the Certificate
Administrator, as applicable, under this Agreement;

 

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(iv)         Neither
the Trustee, the Certificate Administrator nor any of their respective directors, officers, employees, agents or control persons
shall be responsible for any act or omission of any Custodian, Paying Agent or Certificate Registrar that is not the same Person
as, or an Affiliate of, the Trustee or the Certificate Administrator, as applicable, and that is selected other than by the Trustee
or the Certificate Administrator, as applicable, performed or omitted in compliance with any custodial or other agreement, or
any act or omission of the Master Servicer, Special Servicer, the Depositor, the Operating Advisor, any Serviced Companion Loan
Holder, the Directing Holder or the Controlling Class Representative or any other third Person, including, without limitation,
in connection with actions taken pursuant to this Agreement;

 

(v)          Neither
the Trustee nor the Certificate Administrator shall be under any obligation to appear in, prosecute or defend any legal action
unless such action is incidental to its respective duties as Trustee or Certificate Administrator, as applicable, in accordance
with this Agreement (and, if it does, all reasonable legal expenses and costs of such action shall be expenses and costs of the
Trust Fund) and in its opinion does not expose it to any expense or liability for which reimbursement is not reasonably assured,
and the Trustee or the Certificate Administrator, as applicable, shall be entitled to be reimbursed therefor from the Collection
Account, unless such legal action arises (i) as a result of any willful misconduct, bad faith, fraud or negligence in the performance
of duties of the Trustee or the Certificate Administrator, as the case may be, or by reason of negligent disregard of the Trustee’s
or the Certificate Administrator’s, as the case may be, obligations or duties hereunder, or (ii) as a result of the breach
by the Trustee or the Certificate Administrator, as the case may be, of any of its representations or warranties contained herein;
provided, however, that the Trustee or the Certificate Administrator may in its discretion undertake any such action
related to its obligations hereunder which it may deem necessary or desirable with respect to this Agreement and the rights and
duties of the parties hereto and the interests of the Certificateholders hereunder;

 

(vi)         Neither
the Trustee nor the Certificate Administrator shall be charged with knowledge of any act, failure to act or breach of any Person
unless a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, obtains actual knowledge of such
failure or receives written notice of such act, failure to act or breach from any other party to this Agreement, any Certificateholder
or Certificate Owner, a Serviced Companion Loan Holder, the Directing Holder or the Controlling Class Representative; and

 

(vii)        Except
in the event of the Trustee’s or Certificate Administrator’s, as applicable, willful misconduct, bad faith or fraud,
in no event shall the Trustee or the Certificate Administrator be liable for special, punitive, indirect or consequential loss
or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee or the Certificate Administrator
has been advised of the likelihood of such loss or damage and regardless of the form of action.

 

None
of the provisions contained in this Agreement shall require the Trustee or the Certificate Administrator, in its capacity as Trustee
or the Certificate Administrator, as applicable, to expend or risk its own funds, or otherwise incur financial liability in the

 

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performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if in the opinion of the Trustee
or the Certificate Administrator, as applicable, the repayment of such funds or adequate indemnity against such risk or liability
is not reasonably assured to it. None of the provisions contained in this Agreement shall in any event require the Trustee to
perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer (other than the obligations
to make Advances under Sections 3.20 and 4.06 of this Agreement), the Special Servicer or the Certificate Administrator
under this Agreement, except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights,
duties, powers and privileges of, the Master Servicer, the Special Servicer or the Certificate Administrator in accordance with
the terms of this Agreement. None of the provisions contained in this Agreement shall in any event require the Certificate Administrator
to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer, the Special Servicer,
the Trustee or the Operating Advisor under this Agreement. Neither the Trustee nor the Certificate Administrator shall be required
to post any surety or bond of any kind in connection with its performance of its obligations under this Agreement and neither
the Trustee nor the Certificate Administrator shall be liable for any loss on any investment of funds pursuant to this Agreement
(other than any funds invested with it in its commercial capacity or at its discretion).

 

(d)          The
Operating Advisor, the Master Servicer, the Special Servicer or the Trustee may at any time request from the Certificate Administrator
written confirmation of whether any Control Termination Event or Consultation Termination Event occurred during the previous calendar
year and the Certificate Administrator shall deliver such confirmation, based on information in its possession, to the requesting
party within ten (10) Business Days of such request. Further, the Certificate Administrator shall post a “special notice”
on the Certificate Administrator’s Website within ten (10) days of its determination (or its receipt of notice) of the commencement
or cessation of any Control Termination Event or Consultation Termination Event.

 

Section
8.02        Certain Matters Affecting the Trustee and the Certificate Administrator.

 

(a)          Except
as otherwise provided in Section 8.01 of this Agreement:

 

(i)          
Each of the Trustee and the Certificate Administrator may request and/or rely upon and shall be protected in acting or
refraining from acting upon any resolution, Officer’s Certificate, certificate of auditors or any other certificate,
statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document
reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties and neither the
Trustee nor the Certificate Administrator shall have any responsibility to ascertain or confirm the genuineness of any such
party or parties;

 

(ii)          Each
of the Trustee and the Certificate Administrator 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;

 

    -411- 

     

    

 

(iii)     (A) Neither
the Trustee nor the Certificate Administrator shall be under any obligation to institute, conduct or defend any litigation hereunder
or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of this
Agreement, unless such Certificateholders shall have offered to the Trustee or the Certificate Administrator, as applicable, security
or indemnity reasonably satisfactory to the Trustee or the Certificate Administrator, as applicable, against the costs, expenses
and liabilities which may be incurred therein or thereby; and

 

(B)          the
right of the Trustee or the Certificate Administrator, as applicable, to perform any discretionary act enumerated in this Agreement
shall not be construed as a duty, and neither the Trustee nor the Certificate Administrator shall be answerable for other than
its negligence or willful misconduct in the performance of any such act;

 

provided
that subject to the foregoing clause (A), nothing contained herein shall relieve the Trustee of the obligations, upon the
occurrence of a Servicer Termination Event (which has not been cured or waived) of which a Responsible Officer of the Trustee
has actual knowledge, to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of
care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs;

 

(iv)         Neither
the Trustee, the Certificate Administrator nor any of their respective directors, officers, employees, Affiliates, agents or “control”
persons within the meaning of the Act shall be personally liable for any action taken, suffered or omitted by it in good faith
and reasonably believed by the Trustee or the Certificate Administrator, as applicable, to be authorized or within the discretion
or rights or powers conferred upon it by this Agreement;

 

(v)          Neither
the Trustee nor the Certificate Administrator shall be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper
or document, unless requested in writing to do so by Holders of Certificates entitled to at least 25% (or such other percentage
as is specified herein) of the Percentage Interests of any affected Class; provided, however, that if the payment
within a reasonable time to the Trustee or the Certificate Administrator, as applicable, of the costs, expenses or liabilities
likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee or the Certificate Administrator,
as applicable, not reasonably assured to the Trustee or the Certificate Administrator, as applicable, by the security afforded
to it by the terms of this Agreement, the Trustee or the Certificate Administrator, as applicable, may require reasonable indemnity
against such expense or liability as a condition to taking any such action. The reasonable expense of every such investigation
shall be paid by the Master Servicer, the Special Servicer or the Operating Advisor, as applicable, if a Servicer Termination
Event or Operating Advisor Termination Event shall have occurred and be continuing relating to the Master Servicer, the Special
Servicer or the Operating Advisor, respectively and if such investigation results from such Servicer

 

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Termination Event or Operating
Advisor Termination Event, and otherwise by the Certificateholders requesting the investigation;

 

(vi)         Each
of the Trustee and the Certificate Administrator may execute any of the trusts or 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

 

(vii)        For
purposes of this Agreement, the Trustee or the Certificate Administrator, as applicable, shall have notice of an event only when
a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, has received written notice or obtains actual
knowledge of such event.

 

(b)          Following
the Startup Day, neither the Trustee nor the Certificate Administrator shall, except as expressly required by any provision of
this Agreement, accept any contribution of assets to the Trust Fund unless the Trustee or the Certificate Administrator, as applicable,
shall have received an Opinion of Counsel (the costs of obtaining such opinion to be borne by the Person requesting such contribution)
to the effect that the inclusion of such assets in the Trust Fund will not cause either Trust REMIC to fail to qualify as a REMIC
or cause the Grantor Trust to fail to qualify as a grantor trust, at any time that any Certificates are outstanding or subject
a Trust REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

 

(c)          All
rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee or the Certificate Administrator,
as applicable, may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial
or other proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its
name for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.

 

Neither
the Trustee nor the Certificate Administrator shall have any duty to conduct any affirmative investigation as to the occurrence
of any condition requiring the repurchase of any Mortgage Loan by the Depositor pursuant to this Agreement or the eligibility
of any Mortgage Loan for purposes of this Agreement.

 

(d)          Neither
the Trustee nor the Certificate Administrator shall be responsible for delays or failures in performance resulting from acts beyond
its control (such acts include but are not limited to acts of God, strikes, lockouts, riots and acts of war).

 

(e)          Each
of the Certificate Administrator, Custodian, Rule 17g-5 Information Provider, Authenticating Agent, Paying Agent and Certificate
Registrar shall be entitled to the same rights, indemnities, immunities, benefits (other than compensation), privileges and protections
afforded to the Trustee hereunder in the same manner as if such party were the named Trustee herein mutatis mutandis.

 

(f)          Notwithstanding
anything to the contrary herein, any and all e-mail communications (both text and attachments) by or from the Trustee or the Certificate
Administrator that the Trustee or the Certificate Administrator, as applicable, deems to contain confidential, proprietary, and/or
sensitive information may be encrypted. The recipient (the “E-

 

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mail Recipient”) of the encrypted e-mail communication
will be required to complete a registration process. Instructions on how to register and/or retrieve an encrypted message will
be included in the first secure e-mail sent by the Trustee or the Certificate Administrator, as applicable, to the E-mail Recipient.

 

(g)          No
provision of this Agreement or any Loan Document shall be deemed to impose any duty or obligation on the Trustee or the Certificate
Administrator to take or omit to take any action, or suffer any action to be taken or omitted, in the performance of its duties
or obligations under the Loan Documents, or to exercise any right or power thereunder, to the extent that taking or omitting to
take such action or suffering such action to be taken or omitted would violate applicable law binding upon it (which determination
may be based on Opinion of Counsel).

 

(h)          In
order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
including, without limitation, those relating to the funding of terrorist activities and money laundering including Section 326
of the USA PATRIOT Act (for purposes of this clause (h), “Applicable Law”), each of the Trustee and the Certificate
Administrator is required to obtain, verify, record and update certain information relating to individuals and entities that maintain
a business relationship with the Trustee or the Certificate Administrator, as applicable. Accordingly, each of the parties hereto
agrees to provide to the Trustee or the Certificate Administrator, as applicable, upon its request from time to time, such identifying
information and documentation as may be available for such party in order to enable the Trustee or the Certificate Administrator,
as applicable, to comply with Applicable Law.

 

Section
8.03    Neither the Trustee Nor the Certificate Administrator Is Liable for Certificates or Mortgage
Loans. The recitals contained herein and in the Certificates (other than the signature and authentication of the
Certificate Administrator on the Certificates) shall not be taken as the statements of the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer or the Operating Advisor, and the Trustee, the Certificate
Administrator, the Master Servicer, the Special Servicer and the Operating Advisor assume no responsibility for their
correctness. The Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer and the Operating Advisor
make no representations or warranties as to the validity or sufficiency of this Agreement, of the Certificates or any
prospectus used to offer the Certificates for sale or the validity, enforceability or sufficiency of any Mortgage Loan or of
the Trust Subordinate Companion Loan or related document. Neither the Trustee nor the Certificate Administrator shall at any
time have any responsibility or liability for or with respect to the legality, validity and enforceability of any Mortgage,
any Mortgage Loan, the Trust Subordinate Companion Loan or the perfection and priority of any Mortgage or the maintenance of
any such perfection and priority, or for or with respect to the sufficiency of the Trust Fund or its ability to generate the
payments to be distributed to Certificateholders under this Agreement. Without limiting the foregoing, neither the Trustee
nor the Certificate Administrator shall be liable or responsible for: the existence, condition and ownership of any Mortgaged
Property; the existence of any hazard or other insurance thereon (other than if the Trustee shall assume the duties of the
Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement, in the Trustee’s capacity as
Master Servicer or Special Servicer) or the enforceability thereof; the existence of any Mortgage Loan or Trust
Subordinate Companion Loan or the contents of the

 

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related Mortgage File on any computer or other record thereof (other than
if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this
Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer); the validity of the assignment of any
Mortgage Loan or Trust Subordinate Companion Loan to the Trust Fund or of any intervening assignment; the completeness of any
Mortgage File (except for its review thereof pursuant to Section 2.02); the performance or enforcement of any Mortgage
Loan or Trust Subordinate Companion Loan (other than if the Trustee shall assume the duties of the Master Servicer or the
Special Servicer pursuant to Section 7.02 of this Agreement, in the Trustee’s capacity as Master Servicer or
Special Servicer); the compliance by the Depositor, the Master Servicer, the Special Servicer or the Operating Advisor with
any warranty or representation made under this Agreement or in any related document or the accuracy of any such warranty or
representation prior to the Trustee’s receipt of notice or other discovery of any non-compliance therewith or any
breach thereof; any investment of moneys by or at the direction of the Master Servicer or any loss resulting therefrom (other
than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of
this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer), it being understood that the Trustee
shall remain responsible for any Trust Fund property that it may hold in its individual capacity; the acts or omissions of
any of the Depositor, the Master Servicer, the Special Servicer or the Operating Advisor (other than if the Trustee shall
assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement, in the
Trustee’s capacity as Master Servicer or Special Servicer) or any Sub-Servicer or any Mortgagor; any action of the
Master Servicer, the Special Servicer or the Operating Advisor (other than if the Trustee shall assume the duties of the
Master Servicer or the Special Servicer pursuant to Section 7.02 of this Agreement, in the Trustee’s capacity as
Master Servicer or Special Servicer) or any Sub-Servicer taken in the name of the Trustee except to the extent such action is
taken at the express written direction of the Trustee; the failure of the Master Servicer or the Special Servicer or any
Sub-Servicer to act or perform any duties required of it on behalf of the Trust Fund or the Trustee as applicable hereunder;
or any action by or omission of the Trustee taken at the instruction of the Master Servicer or the Special Servicer (other
than if the Trustee shall assume the duties of the Master Servicer or the Special Servicer pursuant to Section 7.02 of
this Agreement, in the Trustee’s capacity as Master Servicer or Special Servicer) unless the taking of such action is
not permitted by the express terms of this Agreement; provided, however, that the foregoing shall not relieve
the Trustee or the Certificate Administrator, as applicable, of its obligation to perform its duties as specifically set
forth in this Agreement. Neither the Trustee nor the Certificate Administrator shall be accountable for the use or
application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or
application of any funds paid to the Depositor, the Master Servicer or the Special Servicer in respect of the assignment of
the Mortgage Loans or deposited in or withdrawn from the Collection Account, the Lower-Tier Distribution Account, the
Upper-Tier Distribution Account, the Lock Box Account, the Escrow Accounts, the Interest Reserve Account, the Excess
Liquidation Proceeds Reserve Account, the Excess Interest Distribution Account or any other account maintained by or on
behalf of the Master Servicer or the Special Servicer, other than any funds held by the Trustee or the
Certificate Administrator, as applicable. Neither the Trustee nor the Certificate Administrator shall have responsibility for
filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the
perfection of any security interest or lien granted to it hereunder (unless in the case of the Trustee, the Trustee shall
have

 

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become the successor Master Servicer) or to record this Agreement. In making any calculation hereunder which includes as
a component thereof the payment or distribution of interest for a stated period at a stated rate “to the extent
permitted by applicable law,” the Trustee or the Certificate Administrator, as applicable, shall assume that such
payment is so permitted unless a Responsible Officer of the Trustee or the Certificate Administrator, as applicable, has
actual knowledge, or receives an Opinion of Counsel (at the expense of the Person asserting the impermissibility) to the
effect that such payment is not permitted by applicable law.

 

Section
8.04     Trustee and Certificate Administrator May Own Certificates. The Trustee, the
Certificate Administrator and any agent of the Trustee or the Certificate Administrator, each, in its individual capacity or
any other capacity, may become the owner or pledgee of Certificates, and may deal with the Depositor and the Master Servicer
in banking transactions, with the same rights it would have if it were not Trustee, the Certificate Administrator or such
agent, as the case may be.

 

Section
8.05     Payment of Trustee/Certificate Administrator Fees and Expenses; Indemnification.

 

(a)          As
compensation for the performance of its duties hereunder, the Trustee shall be paid its portion of the Trustee/Certificate Administrator
Fee, which shall cover recurring and otherwise reasonably anticipated expenses of the Trustee. As compensation for the performance
of its duties hereunder, the Certificate Administrator shall be paid its portion of the Trustee/Certificate Administrator Fee,
which shall cover recurring and otherwise reasonably anticipated expenses of the Certificate Administrator. The Certificate Administrator
shall pay the Trustee the Trustee’s portion of the Trustee/Certificate Administrator Fee. The Trustee/Certificate Administrator
Fee shall be paid monthly on a Mortgage Loan-by-Mortgage Loan (or Trust Subordinate Companion Loan-by-Trust Subordinate Companion
Loan, if applicable) basis. The Trustee/Certificate Administrator Fee (which in each case shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust) shall constitute the Trustee’s and the Certificate
Administrator’s sole form of compensation for all services rendered by each of them in the execution of the trusts hereby
created and in the exercise and performance of any of the powers and duties of the Trustee or the Certificate Administrator, as
applicable, hereunder. No Trustee/Certificate Administrator Fee shall be payable with respect to any Companion Loan. In the event
that the Trustee assumes the servicing responsibilities of the Master Servicer or the Special Servicer hereunder pursuant to or
otherwise arising from the resignation or removal of the Master Servicer or the Special Servicer, the Trustee shall be entitled
to the compensation to which the Master Servicer or the Special Servicer, as the case may be, would have been entitled.

 

(b)          Each
of the Trustee and the Certificate Administrator shall be paid or reimbursed by the Trust Fund upon its request for all reasonable
expenses, disbursements and, except for Advances otherwise reimbursable hereunder, advances incurred or made by the Trustee or
the Certificate Administrator, as applicable, pursuant to and in accordance with any of the provisions of this Agreement (including
the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ)
to the extent such payments are “unanticipated expenses” as described in clause (d) below, except any such expense,
disbursement or advance as may arise from its negligence, bad faith or willful

 

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misconduct; provided, however, that,
subject to Section 8.01 and Section 8.02 of this Agreement, neither the Trustee nor the Certificate Administrator
shall refuse to perform any of its duties hereunder solely as a result of the failure to be paid the Trustee/Certificate Administrator
Fee or the Trustee’s expenses or the Certificate Administrator’s expenses, as applicable.

 

The
Master Servicer and the Special Servicer covenant and agree to pay or reimburse the Trustee for the reasonable out-of-pocket expenses
incurred or made by the Trustee in connection with any transfer of the servicing responsibilities of the Master Servicer or the
Special Servicer, respectively, hereunder, pursuant to or otherwise arising from the resignation or removal of the Master Servicer
or the Special Servicer, in accordance with any of the provisions of this Agreement (and including the reasonable fees and expenses
and disbursements of its counsel and all other persons not regularly in its employ), except any such expenses as may arise from
the negligence or bad faith of the Trustee.

 

(c)          Each
of the Paying Agent, the Authenticating Agent, the Certificate Administrator, the Certificate Registrar, the Custodian, the Trustee,
the Asset Representations Reviewer, the Depositor, the Master Servicer and the Special Servicer (each, an “Indemnifying
Party”) shall indemnify the Trustee, the Paying Agent, the Authenticating Agent, the Certificate Administrator, the
Certificate Registrar, the Custodian, the Asset Representations Reviewer and their respective Affiliates and each of the directors,
officers, employees and agents of the Paying Agent, the Authenticating Agent, the Trustee, the Certificate Administrator, the
Certificate Registrar, the Custodian, the Asset Representations Reviewer and their respective Affiliates (each, an “Indemnified
Party”), and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures,
reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that the Indemnified
Party may sustain in connection with this Agreement (including, without limitation, reasonable fees and disbursements of counsel
incurred by the Indemnified Party in any action or proceeding between the Indemnifying Party and the Indemnified Party or between
the Indemnified Party and any third party or otherwise) resulting from each such Indemnifying Party’s respective willful
misconduct, bad faith, fraud and/or negligence in the performance of each of its respective obligations or duties hereunder or
by reason of negligent disregard of its respective obligations and duties hereunder. Each of the Paying Agent, the Authenticating
Agent, the Trustee, the Certificate Registrar, the Custodian, the Asset Representations Reviewer and the Certificate Administrator
shall indemnify each of the Master Servicer and the Special Servicer and its Affiliates and each of the directors, officers, employees
and agents of each of the Master Servicer and the Special Servicer and its Affiliates (each, a “Servicer Indemnified
Party”), and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures,
reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that the Servicer Indemnified
Party may sustain in connection with this Agreement (including, without limitation, reasonable fees and disbursements of counsel
incurred by the Servicer Indemnified Party in any action or proceeding between the Trustee, the Paying Agent, the Authenticating
Agent, the Certificate Registrar, the Custodian, the Asset Representations Reviewer or the Certificate Administrator, as applicable,
and the Servicer Indemnified Party or between the Servicer Indemnified Party and any third party or otherwise) related to the
Trustee’s, the Authenticating Agent’s, the Paying Agent’s, the Certificate Registrar’s, the Custodian’s,
the Asset Representations Reviewer’s or the Certificate Administrator’s respective willful misconduct, bad faith,
fraud and/or negligence in the

 

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performance of each of its respective duties hereunder or by reason of negligent disregard of its
respective obligations and duties hereunder. Each of the Authenticating Agent, the Paying Agent, the Certificate Registrar, the
Custodian, the Certificate Administrator, the Asset Representations Reviewer and the Trustee shall indemnify the Depositor, any
employee, director or officer of the Depositor, and the Trust Fund and hold the Depositor, any employee, director or officer of
the Depositor, and the Trust Fund harmless against any loss, liability or reasonable expense (including, without limitation, reasonable
attorneys’ fees and expenses) incurred by such parties (i) as a result of any willful misconduct, bad faith, fraud or negligence
in the performance of duties of the Authenticating Agent, the Paying Agent, the Certificate Registrar, the Custodian, the Certificate
Administrator, the Asset Representations Reviewer or the Trustee, as the case may be, or by reason of negligent disregard of the
Authenticating Agent, the Paying Agent’s, the Certificate Registrar’s, the Custodian’s, the Certificate Administrator’s,
the Asset Representations Reviewer’s or the Trustee’s, as the case may be, obligations or duties hereunder, or (ii)
as a result of the breach by the Authenticating Agent, the Paying Agent, the Certificate Registrar, the Custodian, the Certificate
Administrator, the Asset Representations Reviewer or the Trustee, as the case may be, of any of its representations or warranties
contained herein.

 

(d)          The
Trust Fund shall indemnify each Indemnified Party from, and hold it harmless against, any and all claims, losses, damages, penalties,
fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that
the Indemnified Party may sustain in connection with this Agreement (including, without limitation, reasonable fees and disbursements
of counsel and of all persons not regularly in its employ incurred by the Indemnified Party in any action or proceeding between
the Trust Fund and the Indemnified Party or between the Indemnified Party and any third party or otherwise) arising in respect
of this Agreement or the Certificates, in each case to the extent and only to the extent, such payments are expressly reimbursable
under this Agreement, or are unanticipated expenses (as defined below), other than (i) those resulting from the negligence, fraud,
bad faith or willful misconduct, or negligent disregard of obligations and duties hereunder, of the Indemnified Party and (ii)
except to the extent such amounts are not paid pursuant to this Section 8.05, those as to which such Indemnified Party
is entitled to indemnification pursuant to Section 8.05(c). The term “unanticipated expenses” shall include
any fees, expenses and disbursements of the Trustee or the Certificate Administrator or any separate trustee or co-trustee or
certificate administrator appointed hereunder, only to the extent such fees, expenses and disbursements were not reasonably anticipated
as of the Closing Date, and the losses, liabilities, damages, claims or incremental expenses (including reasonable attorneys’
fees) incurred or, except in the case of an Advance otherwise reimbursable hereunder, advanced by an Indemnified Party in connection
with (i) a default under any Mortgage Loan and (ii) any litigation arising out of this Agreement, including, without limitation,
under Section 2.03, Section 3.10, the third paragraph of Section 3.11, Section 4.05 and Section
7.01 of this Agreement. The right of reimbursement of the Indemnified Parties under this Section 8.05(d) shall be senior
to the rights of all Certificateholders.

 

(e)          Notwithstanding
anything herein to the contrary, this Section 8.05 shall survive the termination or maturity of this Agreement or the resignation
or removal of the Trustee or the Certificate Administrator, as applicable, as regards rights accrued prior to such resignation
or removal and (with respect to any acts or omissions during their respective

 

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tenures) the resignation, removal or termination
of the Master Servicer, the Special Servicer, the Paying Agent, the Authenticating Agent, the Certificate Registrar or the Custodian.

 

(f)      
    This Section 8.05 shall be expressly construed to include, but not be limited to, such
indemnities, compensation, expenses, disbursements, advances, losses, liabilities, damages and the like, as may pertain or
relate to any environmental law or environmental matter.

 

Section
8.06     Eligibility Requirements for the Trustee and the Certificate Administrator. Each of the
Trustee and the Certificate Administrator hereunder shall at all times be a corporation or association 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 under this Agreement, having a combined capital and surplus of at least $[100,000,000], and subject
to supervision or examination by federal or state authority, and the Trustee shall not be an Affiliate of any other member of
the Restricted Group (other than an Underwriter and, during any period when the Trustee has assumed the duties of the Master Servicer
pursuant to Section 7.02, the Master Servicer). [Neither the Trustee nor the Certificate Administrator shall be the Third
Party Purchaser or a Risk Retention Affiliate of the Third Party Purchaser.]1 Further, (i) the Trustee is required
to maintain a rating on its unsecured long term debt of at least “[__]” by [RA1] (or “[__]” by [RA1] if
the Trustee has a short term debt rating of at least “[__]” from [RA1]; provided, however, that solely
with respect to [trustee] as the initial Trustee, for so long as the Master Servicer
maintains a rating on its unsecured long term debt of at least “[__]” by [RA1] and a short term debt rating of at
least “[__]” from [RA1], the initial Trustee will be deemed to have met the eligibility requirement in this clause
(i) if it maintains a rating on its unsecured long term debt of at least “[__]” by [RA1] and a short term debt
rating of at least “[__]” from [RA1]) (or such other rating with respect to which the Rating Agencies have provided
a Rating Agency Confirmation), and (ii) the Certificate Administrator is required to maintain a rating on its unsecured long term
debt of at least (A) “[__]” by [RA5] and (B) “[__]” by [RA1] (or such other rating with respect to which
the Rating Agencies have provided a Rating Agency Confirmation). In addition, the Trustee shall satisfy the requirements for a
trustee contemplated by clause (a)(4)(i) of Rule 3a-7 under the Investment Company Act. If a corporation or association publishes
reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority,
then for purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. In the event that the place of business from which
the Trustee or the Certificate Administrator, as applicable, administers the Trust Fund is a state or local jurisdiction that
imposes a tax on the Trust Fund or the net income of a Trust REMIC (other than a tax corresponding to a tax imposed under the
REMIC Provisions) the Trustee or the Certificate Administrator, as applicable, shall elect either to (i) resign immediately in
the manner and with the effect specified in Section 8.07, (ii) pay such tax from its own funds and continue as Trustee
or Certificate Administrator, as applicable, or (iii) administer the Trust Fund from a state and local jurisdiction that does
not impose such a tax. In case at any time the Trustee or the Certificate Administrator shall cease to be eligible in

 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser.

 

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accordance with the provisions of this Section, the Trustee or the Certificate Administrator, as applicable,
shall resign immediately in the manner and with the effect specified in Section 8.07.

 

Section
8.07     Resignation and Removal of the Trustee or the Certificate Administrator. Each of the Trustee and the Certificate
Administrator may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the
other such party, the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations
Reviewer, the Certificateholders, the Serviced Companion Loan Holders and, for posting to the Rule 17g-5 Information
Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider. Upon such
notice of resignation, the Master Servicer shall promptly appoint a successor Trustee or the Certificate Administrator, as
applicable, with respect to which the Rating Agencies have provided a Rating Agency Confirmation to the resigning Trustee or
Certificate Administrator, as applicable, and the successor Trustee or Certificate Administrator, as applicable. If no
successor Trustee or Certificate Administrator, as applicable, shall have been so appointed and have accepted appointment
within 30 days after the giving of such notice of resignation, the resigning Trustee or Certificate Administrator, as
applicable, may petition any court of competent jurisdiction for the appointment of a successor Trustee or Certificate
Administrator, as applicable. The Trustee or the Certificate Administrator, as applicable, will bear all reasonable costs and
expenses of each other party hereto and each Rating Agency in connection with its resignation (including, but not limited to,
the costs of assigning Mortgage Loans by reason of change in Trustee).

 

If
at any time either the Trustee or the Certificate Administrator [is required to resign in accordance with the provisions of Section
3.37 and shall fail to resign after written request therefor by the Depositor or Master Servicer, or]1 shall
cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor
by the Depositor or Master Servicer, or if at any time either the Trustee or the Certificate Administrator shall become incapable
of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or the Certificate Administrator, as applicable,
or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or the Certificate Administrator,
as applicable, or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor
may remove the Trustee or the Certificate Administrator, as applicable, and promptly appoint a successor Trustee or the Certificate
Administrator, as applicable, by written instrument, which shall be delivered to the Trustee or the Certificate Administrator,
as applicable, so removed and to the successor Trustee or Certificate Administrator, as applicable. The Holders of Certificates
entitled to more than 50% of the Voting Rights of all of the Certificates may at any time remove the Trustee or the Certificate
Administrator and appoint a successor Trustee or the Certificate Administrator, as applicable, by written instrument or instruments,
in five originals, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall
be delivered to the Depositor, one complete set to the Master Servicer, one complete set to the Trustee (in connection with the
removal of the Certificate Administrator), one complete set to the Certificate Administrator (in connection with the removal of
the Trustee), one complete set to the Trustee or

 

 

 

1
Include for transactions that satisfy credit risk retention requirements through the purchase of an eligible horizontal
residual interest by a third party purchaser. 

 

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Certificate Administrator, as applicable, so removed and one complete set to
the successor Trustee or Certificate Administrator, as applicable, so appointed, and a copy thereof shall be delivered to the
Serviced Companion Loan Holders.

 

In
the event that the Trustee or the Certificate Administrator is terminated or removed pursuant to this Section 8.07, all
of its rights and obligations under this Agreement and in and to the Mortgage Loans or Serviced Loan Combination shall be terminated,
other than any rights or obligations that accrued prior to the date of such termination or removal (including the right to receive
all fees, expenses and other amounts (including Advances and any accrued interest thereon) accrued or owing to it under this Agreement,
with respect to periods prior to the date of such termination or removal, and no termination without cause shall be effective
until the payment of such amounts to the Trustee or the Certificate Administrator, as applicable). The Trustee or the Certificate
Administrator, as applicable, will bear all reasonable costs and expenses of each other party hereto and each Rating Agency in
connection with its termination or removal; provided that if the Trustee or the Certificate Administrator, as applicable,
is terminated without cause by the Holders of Certificates evidencing more than 50% of the Voting Rights of all Certificates as
provided in the immediately preceding paragraph, then such Holders will be required to pay all the reasonable costs and expenses
of the Trustee or the Certificate Administrator, as applicable, necessary to effect the transfer of the rights and obligations
(including, if applicable, custody of the Mortgage Files) of the Trustee or Certificate Administrator, as applicable, to a successor
trustee or certificate administrator.

 

Any
resignation or removal of the Trustee or the Certificate Administrator and appointment of a successor Trustee or Certificate Administrator,
as applicable, pursuant to any of the provisions of this Section 8.07 shall not become effective until acceptance of appointment
by the successor Trustee or successor Certificate Administrator, as applicable, as provided in Section 8.08.

 

Upon
the resignation or upon the termination of the Trustee, the outgoing Trustee shall (subject to the terms of the third paragraph
of this Section 8.07), at its own expense, ensure that prior to its transfer of duties to any successor (to the extent
such Loan Document was assigned or endorsed to the Trustee), (A) the original executed Note for each Mortgage Loan, is endorsed
(without recourse, representation or warranty, express or implied) to the order of the successor, as trustee for the registered
holders of [issuing entity], Commercial Mortgage Pass-Through Certificates, [Series
designation]” or in blank, and (B) in the case of the other Loan Documents, are assigned (and, other than in connection
with the removal of the Trustee without cause, recorded as appropriate) to such successor, and such successor shall review the
documents delivered to it or the Custodian with respect to each Mortgage Loan, and certify in writing that, as to each Mortgage
Loan then subject to this Agreement, such endorsement and assignment has been made. The outgoing Trustee shall provide copies
of the documentation provided for in items (A) and (B) above to the Master Servicer, in each case to the extent such copies are
not already in the Master Servicer’s possession. If the Trustee is removed without cause, the Loan Documents identified
in clause (B) of the preceding sentence shall, if appropriate, be recorded by the successor trustee if so required by the Master
Servicer or the Special Servicer and at the expense of the Trust (for so long as no Control Termination Event is continuing, with
the consent of the Controlling Class Representative, and during the

 

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continuance of a Control Termination Event but prior to the
occurrence and continuance of a Consultation Termination Event, after consultation with the Controlling Class Representative).

 

Neither
the Asset Representations Reviewer nor any of its Affiliates may be appointed as successor Trustee or Certificate Administrator.

 

Section
8.08     Successor Trustee or Successor Certificate Administrator.

 

(a)          Any
successor Trustee or Certificate Administrator appointed as provided in Section 8.07 of this Agreement shall execute, acknowledge
and deliver to the Depositor, the Master Servicer, the Special Servicer and to the predecessor Trustee or Certificate Administrator,
as applicable, as the case may be, instruments accepting their appointment hereunder, and thereupon the resignation or removal
of the predecessor Trustee or Certificate Administrator, as applicable, shall become effective and such successor Trustee or Certificate
Administrator, as applicable, without any further act, deed or conveyance, shall become fully vested with all the rights, powers,
duties and obligations of its predecessor hereunder, with the like effect as if originally named as Trustee or Certificate Administrator,
as applicable, herein, provided that a Rating Agency Confirmation shall be obtained from each Rating Agency with respect
to the appointment of such successor Trustee or Certificate Administrator. The predecessor Certificate Administrator shall deliver
to the successor Certificate Administrator all Mortgage Files and related documents and statements held by it hereunder. The Depositor,
the Master Servicer, the Special Servicer, the Operating Advisor and the predecessor Trustee or Certificate Administrator, as
applicable, shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and
certainly vesting and confirming in the successor Trustee or Certificate Administrator, as applicable, all such rights, powers,
duties and obligations. No successor Trustee or Certificate Administrator shall accept appointment as provided in this Section
8.08 unless at the time of such acceptance such successor Trustee or Certificate Administrator, as applicable, shall be eligible
under the provisions of Section 8.06.

 

Upon
acceptance of appointment by a successor Trustee or Certificate Administrator, as applicable, as provided in this Section 8.08,
the Depositor shall mail notice of the succession of such Trustee or Certificate Administrator, as applicable, hereunder to all
Holders of Certificates at their addresses as shown in the Certificate Register and to the Companion Loan Holders. If the Depositor
fails to mail such notice within 10 days after acceptance of appointment by the successor Trustee or Certificate Administrator,
the successor Trustee or Certificate Administrator, as applicable, shall cause such notice to be mailed at the expense of the
Depositor.

 

(b)          Any
successor Trustee or Certificate Administrator appointed pursuant to this Agreement shall satisfy the eligibility requirements
set forth in Section 8.06 hereof.

 

Section
8.09   Merger or Consolidation of the Trustee or the Certificate Administrator. Any entity into which
the Trustee or the Certificate Administrator may be merged or converted, or with which the Trustee or the Certificate
Administrator, as applicable, may be consolidated, or any entity resulting from any merger, conversion or consolidation to
which the Trustee or the Certificate Administrator, as applicable, shall be a party, or any entity succeeding to the
corporate trust business of the Trustee or the Certificate Administrator, as

 

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applicable, shall be the successor of the
Trustee or the Certificate Administrator, as applicable, hereunder, provided such entity shall be eligible under the
provisions of Section 8.06 without the execution or filing of any paper or any further act on the part of any of the
parties hereto, anything herein to the contrary notwithstanding.

 

Section
8.10    Appointment of Co-Trustee or Separate Trustee. Notwithstanding any other provisions hereof,
at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund, the assets
thereof or any property securing the same may at the time be located, the Depositor and the Trustee acting jointly shall have
the power and shall execute and deliver all instruments to appoint one or more Persons to act (at the expense of (i) the Trustee,
if the need to appoint such co-trustee(s) arises from any change in the identity, organization, status, power, conflicts, internal
policy or other development with respect to the Trustee, and/or (ii) the Trust Fund, if the need to appoint such co-trustee(s)
arises from a change in applicable law or the identity, status or power of the Trust Fund; provided, however, that in the event
the need to appoint such co-trustee(s) arises from a combination of or none of the events described in clause (i) and clause
(ii), the expense will be split evenly between the Trustee and the Trust Fund) as co-trustee or co-trustees, jointly with
the Trustee, or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons,
in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of this Section 8.10,
such powers, duties, obligations, rights and trusts as the Depositor and the Trustee may consider necessary or desirable. If the
Depositor shall not be in existence or shall not have joined in such appointment within 15 days after the receipt by it of a request
so to do, or in case a Servicer Termination Event shall have occurred and be continuing, the Trustee alone shall have the power
to make such appointment. Except as required by applicable law, the appointment of a co-trustee or separate trustee shall not
relieve the Trustee of its responsibilities, obligations and liabilities hereunder. No co-trustee or separate trustee hereunder
shall be required to meet the terms of eligibility as a successor Trustee under Section 8.06 hereunder and no notice to
Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08
hereof.

 

In
the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10, all rights, powers, duties
and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee
and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized
to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which
any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder),
the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations
(including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed
by such separate trustee or co-trustee solely at the direction of the Trustee.

 

The
Depositor and the Trustee acting jointly may at any time accept the resignation of or remove any separate trustee or co-trustee,
or if the separate trustee or co-trustee is an employee of the Trustee, the Trustee acting alone may accept the resignation of
or remove any separate trustee or co-trustee.

 

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Any
notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees
and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall
refer to this Agreement and the conditions of this Article VIII. Every such instrument shall be filed with the Trustee.
Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property
specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject
to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of,
affecting the liability of, or affording protection to, the Trustee. In no event shall any such separate trustee or co-trustee
be entitled to any provision relating to the conduct of, affecting the liability of, or affording protection to, such separate
trustee or co-trustee that imposes a standard of conduct less stringent than that imposed on the Trustee hereunder, affording
greater protection than that afforded to the Trustee hereunder or providing a greater limit on liability than that provided to
the Trustee hereunder.

 

Any
separate trustee or co-trustee may, at any time, constitute the Trustee its agent or attorney-in-fact, with full power and authority,
to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name.
If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties,
rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment
of a new or successor trustee.

 

Section
8.11      Access to Certain Information.

 

(a)       The
Certificate Administrator and the Custodian shall afford to any Privileged Person (including the Operating Advisor and the related
Directing Holder) access to any documentation (other than any Privileged Information) regarding the Mortgage Loans or the other
assets of the Trust Fund that are in its possession or within its control. Such access shall be afforded without charge but only
upon reasonable prior written request and during normal business hours at the offices of the Certificate Administrator or the
Custodian.

 

(b)       The
Certificate Administrator (or, in the case of the Mortgage Files, the Trustee) shall maintain at its offices (and, upon reasonable
prior written request and during normal business hours, shall make available, or cause to be made available) for review by any
Privileged Person originals and/or copies of the following items (to the extent such items were prepared by or delivered to the
Certificate Administrator (or the Trustee, as applicable) in electronic format):

 

(i)        the
Prospectus;

 

(ii)       this
Agreement, each Sub-Servicing Agreement delivered to the Certificate Administrator since the Closing Date (if any), the Mortgage
Loan Purchase Agreements and any amendments and exhibits hereto or thereto;

 

(iii)       all
Certificate Administrator reports made available to holders of each relevant class of Certificates since the Closing Date;

 

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(iv)      all
Distribution Date Statements and all CREFC® reports actually delivered or otherwise made available to Certificateholders
pursuant to Section 4.02 of this Agreement since the Closing Date;

 

(v)       the
annual assessments as to compliance (in the case of the Master Servicer and the Special Servicer) and the Officer’s Certificates
delivered by the Master Servicer and the Special Servicer to the Certificate Administrator since the Closing Date pursuant to
Section 10.10 of this Agreement;

 

(vi)      the
annual independent public accountants’ servicing report caused to be delivered by the Master Servicer and the Special Servicer
to the Certificate Administrator since the Closing Date pursuant to Section 10.10 of this Agreement;

 

(vii)     the
most recent inspection report prepared by or on behalf of the Master Servicer or the Special Servicer, as applicable, and delivered
to the Certificate Administrator in respect of each Mortgaged Property pursuant to Section 3.18 of this Agreement;

 

(viii)    any
and all notices and reports delivered to the Certificate Administrator with respect to any Mortgaged Property as to which the
environmental testing contemplated by Section 3.10(e) of this Agreement revealed that neither of the conditions set forth
in clauses (i) and (ii) thereof was satisfied;

 

(ix)       the
Mortgage Files, including any and all modifications, waivers and amendments of the terms of the Mortgage Loans (or the Serviced
Loan Combinations) entered into or consented to by the Master Servicer, the Special Servicer, any Outside Servicer or any Outside
Special Servicer and delivered to the Trustee (or a Custodian on its behalf) pursuant to Section 3.24 of this Agreement;

 

(x)        the
summary of each Final Asset Status Report delivered to the Certificate Administrator pursuant to Section 3.21(b) of this
Agreement and the annual, quarterly and monthly operating statements, if any, collected by or on behalf of the Master Servicer
or the Special Servicer, as applicable, and delivered to the Certificate Administrator for each Mortgaged Property, together with
the other information specified in Section 4.02(b) of this Agreement;

 

(xi)       any
and all Officer’s Certificates and other evidence delivered to or by the Certificate Administrator to support its or the
Master Servicer’s, as the case may be, determination that any Advance was (or, if made, would be) a Nonrecoverable Advance;

 

(xii)      notice
of termination or resignation of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator,
the Trustee, any Outside Servicer, any Outside Special Servicer or any Outside Trustee (and appointments of successors thereto);

 

(xiii)     all
Special Notices;

 

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(xiv)    any
Third Party Reports (or updates of Third Party Reports) delivered to the Certificate Administrator in electronic format; and

 

(xv)     any
other information that may be necessary to satisfy the requirements of subsection (d)(4)(i) of Rule 144A.

 

The
Certificate Administrator shall provide, or cause to be provided, copies of any and all of the foregoing items upon reasonable
written request of any of the parties set forth in the previous sentence.

 

The
Certificate Administrator shall not be liable for providing or disseminating information in accordance with the terms of this
Agreement.

 

Article
IX

TERMINATION; OPTIONAL MORTGAGE LOAN PURCHASE

 

Section
9.01      Termination; Optional Mortgage Loan Purchase.

 

(a)       The
respective obligations and responsibilities of the Master Servicer, the Special Servicer, the Depositor, the Operating Advisor,
the Certificate Administrator, the Asset Representations Reviewer and the Trustee created hereby with respect to the Certificates,
the Mortgage Loans and the Serviced Companion Loans (other than the obligation to make certain payments and to send certain notices
to Certificateholders as hereinafter set forth and to make any required remittances to the Serviced Companion Loan Holders in
the month in which the final Distribution Date occurs and certain tax-related obligations) shall terminate immediately following
the earlier to occur of (i) the purchase by Holders of the Controlling Class, the Special Servicer, the Master Servicer or Holders
of the Class [R] Certificates of all the Mortgage Loans (for the avoidance of doubt, excluding the Trust Subordinate Companion
Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) and REO Properties (other than any portion
related to the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the
Trust) (or interests therein) then included in the Trust Fund pursuant to subsection (c) or in the event the Class [LOAN-SPECIFIC]
Certificateholders exchange their Certificates for the Trust Subordinate Companion Loan, the Upper-Tier REMIC and Lower-Tier REMIC
or the [LOAN-SPECIFIC] Trust Subordinate Companion Loan REMIC, as applicable, (ii) the exchange by the Remaining Certificateholder
of its Certificates for all the Mortgage Loans (for the avoidance of doubt, other than the Class [ARD], [Loan-specific
class] and Class R Certificates and excluding the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or
the related REO Loan) is an asset of the Trust) and REO Properties (other than any portion related to the Trust Subordinate Companion
Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) (or interests therein) then included
in the Trust Fund pursuant to subsection (h) and (iii) the final payment or other liquidation (or any advance with respect thereto)
of the last Mortgage Loan, Trust Subordinate Companion Loan or REO Property (or interest therein) contained in the Trust Fund;
provided, however, that in no event shall the trust created hereby continue beyond the expiration of twenty-one
years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to
the

 

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United Kingdom, living on the date hereof. All such payments as contemplated by the preceding paragraph shall be deposited
into the Collection Account by the Master Servicer or Special Servicer, as applicable, promptly following receipt thereof.

 

(b)       In
connection with a termination contemplated by Section 9.01(a) of this Agreement, the Trust REMICs outstanding shall be
terminated and the assets of the Lower-Tier REMIC shall be sold or otherwise disposed of in connection therewith, pursuant to
a “plan of complete liquidation” within the meaning of Code Section 860F(a)(4)(A) providing for the actions contemplated
by the provisions hereof pursuant to which the applicable Notice of Termination is given and requiring that the assets of the
Lower-Tier REMIC shall be sold for cash and that each such Trust REMIC shall terminate on a Distribution Date occurring not more
than 90 days following the date of adoption of the plan of complete liquidation. For purposes of this Section 9.01(b),
the Notice of Termination given pursuant to Section 9.01(c) shall constitute the adoption of the plan of complete liquidation
as of the date such notice is given, which date shall be specified by the Certificate Administrator in the final federal income
tax returns of each Trust REMIC. Notwithstanding the termination of the Trust REMICs, or the Trust Fund, the Certificate Administrator
shall be responsible for filing the final Tax Returns for the Trust REMICs and for the Grantor Trust for the period ending with
such termination, and shall maintain books and records with respect to the Trust REMICs and the Grantor Trust for the period for
which it maintains its own tax returns or other reasonable period.

 

(c)       The
Holders of the Controlling Class representing greater than 50% of the Certificate Balance of the Controlling Class may (or, if
such Holders do not, the Special Servicer, or if neither such Holders nor the Special Servicer do, the Master Servicer or, if
neither such Holders nor the Special Servicer nor the Master Servicer does, any Holders of Class [R] Certificates representing
greater than a 50% Percentage Interest in such Class, may also) effect an early termination of the Trust Fund, upon not less than
30 days’ prior notice given to the parties (or, if applicable, the other parties) to this Agreement (whereupon the Master
Servicer shall notify the Serviced Companion Loan Holders) any time on or after the Early Termination Notice Date specifying the
Anticipated Termination Date, by purchasing on such date all, but not less than all, of the Mortgage Loans (for the avoidance
of doubt, excluding the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset
of the Trust) (and in the case of the Serviced Loan Combinations, subject to certain rights of the related Serviced Companion
Loan Holder provided for in the related Co-Lender Agreement) then included in the Trust Fund, and all property acquired by or
on behalf of the Trust Fund (including the Trust Fund’s interest in any REO Property acquired with respect to the Outside
Serviced Mortgage Loans, but excluding any portion related to the Trust Subordinate Companion Loan if the Trust AB Loan Combination
(or the related REO Loan) is an asset of the Trust) in respect of any Mortgage Loan, at a purchase price, payable in cash, equal
to (i) the sum of (A) the aggregate Purchase Price (excluding the amount described in clause (f) of the definition of “Purchase
Price”) of all the Mortgage Loans (exclusive of REO Mortgage Loans and the Trust Subordinate Companion Loan if the Trust
AB Loan Combination (or the related REO Loan) is an asset of the Trust) included in the Trust, (B) the Appraised Value of the
Trust’s portion of each REO Property (other than any portion related to the Trust Subordinate Companion Loan if the Trust
AB Loan Combination (or the related REO Loan) is an asset of the Trust), if any, included in the Trust, as determined by the Special
Servicer (such Appraisals in clause (i)(B) shall be obtained by the Special Servicer) and (C) the reasonable out-of-pocket

 

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expenses
of the Master Servicer (unless the Master Servicer is the purchaser of such Mortgage Loans), the Special Servicer (unless the
Special Servicer is the purchaser of such Mortgage Loans), the Trustee and the Certificate Administrator, as applicable, with
respect to such termination, minus (ii) solely in the case where the Master Servicer or the Special Servicer is effecting such
purchase, the aggregate amount of unreimbursed Advances, if any, made by the Master Servicer or Special Servicer, as applicable,
together with any interest accrued and payable to the Master Servicer or the Special Servicer, as applicable, in respect of such
Advances and any unpaid Servicing Fees or Special Servicing Fees, as applicable, remaining outstanding (which items will be deemed
to have been paid or reimbursed to the Master Servicer or the Special Servicer, as applicable, in connection with such purchase).

 

Any
Person(s) effecting an early termination of the Trust Fund as provided in the prior paragraph shall first notify the Controlling
Class Representative and each Certifying Certificateholder, or, in the case of a termination by the Holder of a Class [R] Certificate,
notify the Certificate Administrator (who shall notify the Controlling Class Representative and each Certifying Certificateholder)
of its intention to do so in writing at least 30 days prior to the Anticipated Termination Date. All costs and expenses incurred
by any and all parties to this Agreement or by the Trust Fund in connection with the purchase of the Mortgage Loans and other
assets of the Trust Fund pursuant to this Section 9.01(c) shall be borne by the party exercising its purchase rights hereunder.
The Certificate Administrator shall be entitled to rely conclusively on any determination made by an Appraiser pursuant to this
subsection (c).

 

(d)       If
the Trust Fund has not been previously terminated pursuant to subsection (c) or subsection (h) of this Section 9.01, the
Certificate Administrator shall determine as soon as practicable the Distribution Date on which the Certificate Administrator
reasonably anticipates, based on information with respect to the Mortgage Loans previously provided to it, that the final distribution
will be made (i) to the Holders of outstanding Regular Certificates, and to the Trustee in respect of the Lower-Tier Regular Interests,
notwithstanding that such distribution may be insufficient to distribute in full an amount equal to the remaining Certificate
Balance or Lower-Tier Principal Balance, as applicable, of each such Class of Certificates and Lower Tier Regular Interest, together
with amounts required to be distributed on such Distribution Date pursuant to Section 4.01 of this Agreement (or, if no
such Regular Certificates or any Class [EC] Regular Interests are then outstanding, to the Holders of the Class [R] Certificates)
and (ii) to the Holders of the Grantor Trust Certificates, of any amount remaining in the Collection Account, the Lower-Tier Distribution
Account, the Upper-Tier Distribution Account, the Excess Interest Distribution Account, the Exchangeable Distribution Account
and/or the Excess Liquidation Proceeds Reserve Account, as applicable, in any case, following the later to occur of (a) the receipt
or collection of the last payment due on any Mortgage Loan included in the Trust Fund or (b) the liquidation or disposition pursuant
to Section 3.17 of this Agreement of the last asset held by the Trust Fund.

 

(e)       Notice
of any termination of the Trust Fund pursuant to this Section 9.01 shall be mailed by the Certificate Administrator to
affected Certificateholders at their addresses shown in the Certificate Register, the Subordinate Loan-Specific Directing Certificateholder
(with a copy to the Master Servicer, the Special Servicer and, for posting to the Rule 17g-5 Information Provider’s Website
pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider) as soon as practicable after the Certificate
Administrator shall have

 

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received, given or been deemed to have received a Notice of Termination but in any event not more than
thirty days, and not less than ten days, prior to the Anticipated Termination Date. The notice mailed by the Certificate Administrator
to affected Certificateholders shall:

 

(i)        specify
the Anticipated Termination Date on which the final distribution is anticipated to be made to Holders of Certificates of the Classes
specified therein;

 

(ii)       specify
the amount of any such final distribution, if known; and

 

(iii)      state
that the final distribution to Certificateholders will be made only upon presentation and surrender of Certificates at the office
of the Paying Agent therein specified.

 

If
the Trust Fund is not terminated on any Anticipated Termination Date for any reason, the Certificate Administrator shall promptly
mail notice thereof to each affected Certificateholder.

 

(f)       Any
funds not distributed on the Termination Date because of the failure of any Certificateholders to tender their Certificates shall
be set aside and held in trust for the account of the appropriate non-tendering Certificateholders, whereupon the Trust Fund shall
terminate. If any Certificates as to which notice of the Termination Date has been given pursuant to this Section 9.01
shall not have been surrendered for cancellation within six months after the time specified in such notice, the Certificate Administrator
shall mail a second notice to the remaining Certificateholders, at their last addresses shown in the Certificate Register, to
surrender their Certificates for cancellation in order to receive, from such funds held, the final distribution with respect thereto.
If within one year after the second notice any Certificate shall not have been surrendered for cancellation, the Certificate Administrator
may, directly or through an agent, take appropriate steps to contact the remaining Certificateholders concerning surrender of
their Certificates. The costs and expenses of maintaining such funds and of contacting Certificateholders shall be paid out of
the assets which remain held. If within two years after the second notice any Certificates shall not have been surrendered for
cancellation, the Paying Agent shall pay to the Class [R] Certificateholders all amounts distributable to the Holders thereof.
No interest shall accrue or be payable to any Certificateholder on any amount held as a result of such Certificateholder’s
failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 9.01.

 

(g)       For
purposes of this Section 9.01, the Remaining Certificateholder shall have the first option to terminate the Upper Tier
REMIC and Lower-Tier REMIC pursuant to subsection (h), and then the Holders of the Controlling Class representing more than 50%
of the Certificate Balance of the Controlling Class, and then the Special Servicer, and then the Master Servicer, and then the
Holders of Class [R] Certificates representing more than 50% of the Percentage Interests in such Class, in each of the last four
cases, pursuant to subsection (c).

 

(h)       Following
the date on which the Class [X-A] Notional Amount and the aggregate Certificate Balance of the Class [A-1], Class [A-2], Class
[A-3], Class [A-4], Class [A-AB] and Class [D] Certificates and the Class [EC] Regular Interests are reduced to zero, the Remaining
Certificateholder shall have the right to exchange all of its Certificates (but

 

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excluding the [loan-specific
class], Class [ARD] and Class [R] Certificates) for all of the Mortgage Loans (other than the Trust Subordinate Companion
Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) and each REO Property (and including
the Trust Fund’s interest in any REO Property acquired with respect to the Outside Serviced Mortgage Loans, but excluding
any portion related to the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset
of the Trust) remaining in the Trust Fund as contemplated by clause (ii) of Section 9.01(a) by giving written notice to
all the parties hereto no later than 60 days prior to the anticipated date of exchange; provided that such Remaining Certificateholder
shall pay the Master Servicer an amount equal to (i) the product of (A) the Prime Rate, (B) the aggregate Certificate Balance
of the then-outstanding Sequential Pay Certificates as of the day of the exchange and (C) three, divided by (ii) 360. In the event
that the Remaining Certificateholder elects to exchange all of the Certificates (other than the [loan-specific
class], Class [ARD] and Class [R] Certificates) for all of the Mortgage Loans (for the avoidance of doubt, excluding the
Trust Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) and each
REO Property (and including the Trust Fund’s interest in any REO Property acquired with respect to the Outside Serviced
Mortgage Loans, but excluding any portion related to the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or
the related REO Loan) is an asset of the Trust) remaining in the Trust Fund in accordance with the preceding sentence, such Remaining
Certificateholder, not later than the Termination Date, shall deposit in the Collection Account an amount in immediately available
funds equal to all amounts due and owing to the Depositor, the Master Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator and the Trustee hereunder through the date of the liquidation of the Trust Fund that may be withdrawn
from the Collection Account, the Exchangeable Distribution Account or a Distribution Account, but only to the extent that such
amounts are not already on deposit in the Collection Account. Upon confirmation that such final deposits have been made and following
the surrender of all remaining Certificates (other than the [loan-specific class],
Class [ARD] and Class [R] Certificates) by the Remaining Certificateholder on the Termination Date, the Custodian shall, upon
receipt of a Request for Release from the Master Servicer, release or cause to be released to the Remaining Certificateholder
or any designee thereof, the Mortgage Files for the remaining Mortgage Loans (for the avoidance of doubt, excluding the Trust
Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) and shall execute
all assignments, endorsements and other instruments furnished to it by the Remaining Certificateholder as shall be necessary to
effectuate transfer of the Mortgage Loans (for the avoidance of doubt, excluding the Trust Subordinate Companion Loan if the Trust
AB Loan Combination (or the related REO Loan) is an asset of the Trust) and REO Properties (and including the Trust Fund’s
interest in any REO Property acquired with respect to the Outside Serviced Mortgage Loans, but excluding any portion related to
the Trust Subordinate Companion Loan if the Trust AB Loan Combination (or the related REO Loan) is an asset of the Trust) remaining
in the Trust Fund, and the Trust Fund shall be liquidated in accordance with this Section 9.01. Thereafter, the Trust Fund
and the respective obligations and responsibilities under this Agreement of the Depositor, the Master Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator, the Asset Representations Reviewer and the Trustee (other than the making
of certain payments to Certificateholders and Serviced Companion Loan Holders, sending of certain notices, the maintenance of
books and records and the preparation

 

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and filing of final tax returns), shall terminate. Such transfers shall be subject to any
rights of any Sub-Servicers to service (or to perform select servicing functions with respect to) the Mortgage Loans. For federal
income tax purposes, the Remaining Certificateholder shall be deemed to have purchased the assets of the Lower-Tier REMIC for
an amount equal to the remaining Certificate Balance of its remaining Certificates (other than the Class [ARD] and Class [R] Certificates)
and the Class [LOAN-SPECIFIC] Certificates, plus accrued and unpaid interest with respect thereto, and the Certificate Administrator
shall credit such amounts against amounts distributed in respect of the Lower-Tier Regular Interests and such Certificates. If
the Trust AB Loan Combination (or any related REO Loan) is an asset of the Trust, (i) if the Mortgaged Property securing the Trust
AB Loan Combination has become an REO Property, then the Remaining Certificateholder exercising the exchange described above,
as a prerequisite, shall designate a nominee to hold title to such REO Property on behalf of the purchaser and the holders of
the Class [LOAN-SPECIFIC] Certificates and (ii) if the Mortgaged Property securing the Trust AB Loan Combination is not an REO
Property, then the Custodian shall, upon receipt of a Request for Release from the Master Servicer, release or cause to be released
to the Subordinate Loan-Specific Directing Certificateholder or any designee thereof, the Mortgage Note for the Trust Subordinate
Companion Loan and shall execute all assignments, endorsements and other instruments furnished to it by the Subordinate Loan-Specific
Directing Certificateholder as shall be necessary to effectuate transfer of such Mortgage Note and the [LOAN-SPECIFIC] Trust Subordinate
Companion Loan REMIC shall be liquidated in accordance with Section 9.01(b) and neither of the Master Servicer nor the Special
Servicer shall have any further obligation to service the Trust Subordinate Companion Loan hereunder. The remaining Mortgage Loans
and REO Properties (or the Trust’s interests therein) are deemed distributed to the Remaining Certificateholder in liquidation
of the Trust Fund pursuant to this Section 9.01.

 

Article
X

EXCHANGE ACT REPORTING AND REGULATION AB COMPLIANCE

 

Section
10.01    Intent of the Parties; Reasonableness. The parties hereto acknowledge and agree that the purpose
of Article X of this Agreement is to facilitate compliance by the Depositor and any Other Depositor with the provisions of Regulation
AB and the related rules and regulations of the Commission. The Depositor shall not, and no Other Depositor may, exercise its
rights to request delivery of information or other performance under these provisions other than in good faith, or for purposes
other than compliance with the Act, the Exchange Act and the Sarbanes-Oxley Act. The parties hereto acknowledge that interpretations
of the requirements of Regulation AB may change over time due to interpretive guidance provided by the Commission or its staff,
and agree to comply with reasonable requests made by the Depositor, or any Other Depositor, in good faith for delivery of information
under these provisions on the basis of such evolving interpretations of Regulation AB. In connection with the [issuing
entity], Commercial Mortgage Pass-Through Certificates, [series designation],
and any Serviced Companion Loan Securities, each of the parties to this Agreement shall cooperate fully with the Depositor, the
Certificate Administrator, any Other Depositor and any Other Exchange Act Reporting Party, as applicable, to deliver to the Depositor
or Other Depositor, as applicable (including any of its assignees or designees), any and 

 

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all statements, reports, certifications, records and any
other information in its possession or reasonably available to it and necessary in the reasonable good faith determination of
the Depositor, the Certificate Administrator, any Other Depositor or any Other Exchange Act Reporting Party, as applicable, to
permit the Depositor or any Other Depositor, as applicable, to comply with the provisions of Regulation AB, together with such
disclosures relating to the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Certificate Administrator,
the Asset Representations Reviewer and the Trustee, as applicable, and any Sub-Servicer, or the servicing of the Mortgage Loans
(and the Trust Subordinate Companion Loan, if applicable), reasonably believed by the Depositor or any Other Depositor, as applicable,
to be necessary in order to effect such compliance.

 

Section
10.02    Succession; Sub-Servicers; Subcontractors.

 

(a)       For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act (in addition
to any requirements contained in Section 10.07 of this Agreement), in connection with the succession to the Master Servicer,
the Special Servicer or any Sub-Servicer as servicer or sub-servicer (to the extent such Sub-Servicer is a Servicing Function
Participant and a “servicer” as contemplated by Item 1108(a)(2) of Regulation AB) under this Agreement by any Person
(i) into which the Master Servicer, the Special Servicer or such Sub-Servicer may be merged or consolidated, or (ii) which may
be appointed as a successor to the Master Servicer, the Special Servicer or any such Sub-Servicer, the Master Servicer (other
than if pursuant to an appointment under Section 7.01 or Section 7.02 of this Agreement) or the Special Servicer,
as applicable, shall provide to the Depositor, as well as any Other Depositor as to which the applicable Companion Loan is affected,
at least five (5) Business Days prior to the effective date of such succession or appointment as long as such disclosure prior
to such effective date would not be violative of any applicable law or confidentiality agreement, and otherwise no later than
one (1) Business Day after such effective date of succession, (x) written notice to the Depositor and each such Other Depositor
of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Depositor and each
such Other Depositor, all information relating to such successor servicer reasonably requested by the Depositor or any such Other
Depositor in order to comply with its reporting obligation under Item 6.02 of Form 8-K pursuant to the Exchange Act (if such reports
under the Exchange Act are required to be filed under the Exchange Act).

 

(b)       For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, if the Master
Servicer, the Special Servicer, any Sub-Servicer, the Custodian, the Trustee, the Asset Representations Reviewer and the Certificate
Administrator (each of the Master Servicer, the Special Servicer, the Custodian, the Trustee, the Asset Representations Reviewer
and the Certificate Administrator and each Sub-Servicer, for purposes of this Section 10.02(b), Section 10.02(c),
Section 10.02(d) and Section 10.17, a “Servicer”) utilizes one or more Subcontractors to perform
certain of its obligations hereunder, such Servicer shall promptly upon request provide to the Depositor, as well as any Other
Depositor as to which the applicable Serviced Companion Loan is affected, a written description (in form and substance satisfactory
to the Depositor and each such Other Depositor) of the role and function of each Subcontractor that is a Servicing Function Participant
utilized by such Servicer during the preceding calendar year, specifying (i) the identity of such Subcontractor, and (ii) which
elements of the Servicing Criteria will be addressed in assessments of compliance

 

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provided by each such Subcontractor. Each Servicer
shall cause any Subcontractor determined to be a Servicing Function Participant used by such Servicer for the benefit of the Depositor
to comply with the provisions of Section 10.09 and Section 10.10 of this Agreement to the same extent as if such
Subcontractor were such Servicer. Such Servicer shall obtain from each such Subcontractor (or, in the case of each Sub-Servicer
set forth on Exhibit S, shall use commercially reasonable efforts to cause such Sub-Servicer) and deliver to the applicable
Persons any assessment of compliance report and related accountant’s attestation required to be delivered by such Subcontractor
under Section 10.09 and Section 10.10 of this Agreement, in each case, as and when required to be delivered.

 

(c)       For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding
the foregoing, if a Servicer engages a Subcontractor in connection with the performance of any of its duties under this Agreement,
such Servicer shall be responsible for determining whether such Subcontractor is a “servicer” within the meaning of
Item 1101 of Regulation AB and whether such Subcontractor meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation
AB. If a Servicer determines, pursuant to the preceding sentence, that such Subcontractor is a “servicer” within the
meaning of Item 1101 of Regulation AB and meets the criteria in Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB, then the engagement
of such Subcontractor shall not be effective unless and until notice is given to the Depositor and the Certificate Administrator,
as well as any Other Depositor as to which the applicable Companion Loan is affected, of any such Subcontractor and sub-servicing
agreement and, if such Subcontractor is engaged by the Master Servicer or the Special Servicer, such Subcontractor shall be deemed
to be a Sub-Servicer for purposes of this Agreement. Written notice of the engagement of such Subcontractor and the related Sub-Servicing
Agreement (other than such agreements set forth on Exhibit S hereto) (with respect to the Master Servicer or the Special
Servicer) or sub-servicing agreement (with respect to any other Servicer) shall be delivered to the Depositor, the Certificate
Administrator and each such Other Depositor at least five (5) Business Days prior to the effective date of such engagement. Such
notice shall contain all information reasonably necessary, and in such form as may be necessary, to enable the Certificate Administrator,
as well as any Other Exchange Act Reporting Party as to which the applicable Serviced Companion Loan is affected, to accurately
and timely report the event under Item 6.02 of Form 8-K pursuant to Section 10.07 of this Agreement (if such reports under
the Exchange Act are required to be filed under the Exchange Act).

 

(d)       For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, notwithstanding
the foregoing and subject to Section 3.01(c) of this Agreement, if the Master Servicer or the Special Servicer engages
a Sub-Servicer or if any other Servicer engages a sub-servicer, in each case, in connection with the performance of any of the
duties of the Master Servicer, the Special Servicer or such other Servicer, as applicable, under this Agreement and the related
Sub-Servicing Agreement (with respect to the Master Servicer or the Special Servicer) or sub-servicing agreement (with respect
to any other Servicer) is either (i) assigned (other than, in the case of a Sub-Servicer engaged by the Master Servicer, an assignment
to the Master Servicer) or (ii) amended or modified and the Master Servicer, the Special Servicer or such other Servicer, as applicable,
determines that, as a result of such amendment or modification, the Sub-Servicer or sub-servicer, as applicable, would become
a “servicer” within the meaning of Item 1101 of Regulation AB that (1) meets the criteria in Item 1108(a)(2)(i), (ii)
or (iii) of Regulation AB or (2) meets the criteria in Item

 

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1108(a)(2)(iii) of Regulation AB and services 20% or more of the pool
assets, then the Master Servicer, the Special Servicer or such other Servicer, as applicable, shall provide written notice of
such amendment, modification or assignment to the Depositor and the Certificate Administrator, as well as any Other Depositor
as to which the applicable Companion Loan is affected at least five (5) Business Days prior to the effective date of such amendment,
modification or assignment (or if such prior notice would be violative of applicable law or any applicable confidentiality agreement,
no later than the time required under Section 10.07 of this Agreement). Such notice shall contain all information reasonably
necessary, and in such form as may be necessary, to enable the Certificate Administrator, as well as any Other Exchange Act Reporting
Party as to which the applicable Serviced Companion Loan is affected, to accurately and timely report the event under Item 6.02
of Form 8-K pursuant to Section 10.07 of this Agreement (if such reports under the Exchange Act are required to be filed
under the Exchange Act).

 

(e)       For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, in connection
with the succession to the Trustee or Certificate Administrator under this Agreement by any Person (i) into which the Trustee
or Certificate Administrator may be merged or consolidated, or (ii) which may be appointed as a successor to the Trustee or Certificate
Administrator, the Trustee or Certificate Administrator, as applicable, shall notify the Depositor and each Other Depositor, at
least ten (10) Business Days prior to the effective date of such succession or appointment (or if such prior notice would be violative
of applicable law or any applicable confidentiality agreement, no later than the time required under Section 10.07 of this
Agreement) and shall furnish pursuant to Section 10.07 of this Agreement to the Depositor and each Other Depositor in writing
and in form and substance reasonably satisfactory to the Depositor and each Other Depositor, all information reasonably necessary
for the Certificate Administrator, the Trustee and each Other Exchange Act Reporting Party to accurately and timely report the
event under Item 6.02 of Form 8-K pursuant to Section 10.07 of this Agreement or otherwise (if such reports under the Exchange
Act are required to be filed under the Exchange Act).

 

Section
10.03    Filing Obligations.

 

(a)       The
Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer, the Custodian, the Certificate
Administrator and the Trustee shall (and shall cause (or, in the case of a Mortgage Loan Seller Sub-Servicer, shall use commercially
reasonable efforts to cause) each Additional Servicer and Servicing Function Participant utilized thereby to) reasonably cooperate
with the Depositor and each Other Depositor in connection with the satisfaction of the Trust’s and each Other Securitization
Trust’s reporting requirements under the Exchange Act. Pursuant to Section 10.04, Section 10.05 and Section
10.07, the Certificate Administrator shall prepare for execution by the Depositor any Forms 10-D, ABS-EE, 10-K and 8-K required
by the Exchange Act with respect to the Trust, in order to permit the timely filing thereof, and the Certificate Administrator
shall file (via the Commission’s Electronic Data Gathering and Retrieval System) such Forms executed by the Depositor.

 

(b)       In
the event that the Certificate Administrator is unable to timely file with the Commission or deliver to any Other Depositor or
Other Exchange Act Reporting Party as to

 

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which the applicable Companion Loan is affected, all or any required portion of any Form
8-K, 10-D, ABS-EE or 10-K required to be filed by this Agreement because required disclosure information was either not delivered
to it or delivered to it after the delivery deadlines set forth in this Agreement, the Certificate Administrator shall promptly
as soon as practicable, but in no event later than twenty-four (24) hours after determination (but if the next calendar day is
not a Business Day, then in no event later than 10:00 a.m., New York time, on the next Business Day), notify the Depositor, such
Other Depositor or Other Exchange Act Reporting Party thereof. In the case of Forms 10-D, ABS-EE and 10-K, the Depositor and the
Certificate Administrator will thereupon cooperate to prepare and file a Form 12b-25 and a Form 10-D/A, Form ABS-EE/A or Form
10-K/A, as applicable, pursuant to Rule 12b-25 of the Exchange Act. In the case of Form 8-K, the Certificate Administrator will,
upon receipt of all required Form 8-K Disclosure Information, include such disclosure information on the next succeeding Form
10-D to be filed for the Trust. In the event that any previously filed Form 8-K or Form 10-K needs to be amended, the Certificate
Administrator will notify the Depositor thereof, and such other parties as needed and the parties hereto will cooperate with the
Certificate Administrator to prepare any necessary Form 8-K/A or Form 10-K/A. In the event that any previously filed Form 10-D
or Form ABS-EE needs to be amended, the Certificate Administrator shall notify the Depositor thereof, and such other parties as
needed, and the parties hereto shall cooperate to prepare any necessary Form 10-D/A or Form ABS-EE/A. Any Form 12b-25 or any amendment
to Form 8-K, Form 10-D, Form ABS-EE/A or Form 10-K shall be signed by an officer of the Depositor. The parties to this Agreement
acknowledge that the performance by the Certificate Administrator of its duties under this Section 10.03 related to the timely
preparation and filing of Form 12b-25 or any amendment to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K is contingent upon such
parties observing all applicable deadlines in the performance of their duties under this Article X. The Certificate Administrator
shall have no liability for any loss, expense, damage, or claim arising out of or with respect to any failure to properly prepare,
arrange for execution and/or timely file any such Form 12b-25 or any amendments to Form 8-K, Form 10-D, Form ABS-EE or Form 10-K,
where such failure results from the Certificate Administrator’s inability or failure to receive, on a timely basis, any
information from any other party hereto needed to prepare, arrange for execution or file such Form 12b-25 or any amendments to
Forms 8-K, Form 10-D, Form ABS-EE or Form 10-K, not resulting from its own negligence, bad faith or willful misconduct.

 

Section
10.04    Form 10-D Filings and Form ABS-EE Filings.

 

(a)       Within
15 calendar days after each Distribution Date (subject to permitted extensions under the Exchange Act), the Certificate Administrator
shall prepare and file on behalf of the Trust any Form 10-D and Form ABS-EE then required by the Exchange Act, in form and substance
as then required by the Exchange Act; provided that, in connection with the filing of the Prospectus and the Preliminary
Prospectus with respect to the Public Certificates, the Depositor shall file any related Form ABS-EE required to be filed with
the Commission and incorporated by reference into each such document. The Certificate Administrator shall file each Form 10-D
with a copy of the related Distribution Date Statement attached thereto; provided that the Certificate Administrator shall redact
from such Distribution Date Statement any information relating to the ratings of the Certificates and the identity of the Rating
Agencies. Any disclosure in addition to the Distribution Date Statement that is required to be included on Form 10-D and/or Form
ABS-EE (“Additional Form 10-D Disclosure”) shall, pursuant to the following

 

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paragraph, be (i) reported by the
parties set forth on Exhibit U to this Agreement to the Depositor, the Certificate Administrator and each Other Depositor
and Other Exchange Act Reporting Party to which such Additional Form 10-D Disclosure is relevant for Exchange Act reporting purposes
and (ii) approved by the Depositor and each such Other Depositor, and the Certificate Administrator will have no duty or liability
for any failure hereunder to determine or prepare any Additional Form 10-D Disclosure absent such reporting, direction and approval.

 

For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, within one
(1) Business Day after the related Distribution Date (using commercially reasonable efforts), but in no event later than noon
(New York City time) on the third Business Day after the related Distribution Date, (i) certain parties to this Agreement, as
set forth on Exhibit U to this Agreement, shall be required to provide to the Certificate Administrator, the Depositor,
and each Other Exchange Act Reporting Party and Other Depositor to which the particular Additional Form 10-D Disclosure is relevant
for Exchange Act reporting purposes, to the extent a Servicing Officer or Responsible Officer thereof has knowledge thereof (other
than information required by Item 1117 of Regulation AB as to such party which shall be reported if actually known by any Servicing
Officer or Responsible Officer, as the case may be, or any lawyer in the in-house legal department of such party) in EDGAR-Compatible
Format (to the extent available to such party in such format) or (in the case of asset-level information required by Item 1A on
Form 10-D) XML Format or in such other format as otherwise agreed upon by the Certificate Administrator, the Depositor and each
such Other Exchange Act Reporting Party, each such Other Depositor and such parties, the form and substance of the Additional
Form 10-D Disclosure, if applicable, (ii) the parties listed on Exhibit U to this Agreement shall include with such Additional
Form 10-D Disclosure applicable to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth
on Exhibit S, shall use commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to
the extent required under Regulation AB to provide, and if received, include, an Additional Disclosure Notification in the form
attached as Exhibit W-1 to this Agreement (except with respect to the reporting of balances of the Collection Account,
each Loan Combination Custodial Account and each REO Account which shall be delivered in the form of Exhibit W-2 hereto,
and the Special Servicer shall provide in the form of Exhibit W-2 any information relating to any REO Account to be reported
under “Item 9: Other Information” on Exhibit U to the Master Servicer within four (4) calendar days after the
related Distribution Date) and (iii) the Depositor shall approve, as to form and substance, or disapprove, as the case may be,
the inclusion of the Additional Form 10-D Disclosure on Form 10-D or (in the case of asset-level information required by Item
1A on Form 10-D) Form ABS-EE with respect to the Trust; provided that any Depositor’s approval pursuant to this clause
(iii) shall not relieve any parties listed on Exhibit U of its obligations to provide Additional Form 10-D Disclosure
that is true and accurate in all material respects and in compliance with all applicable requirements of the Securities Act and
the Exchange Act, and the rules and regulations promulgated thereunder. The Certificate Administrator has no duty under this Agreement
to monitor or enforce the performance by the parties listed on Exhibit U to this Agreement of their duties under this paragraph
or proactively solicit or procure from such parties any Additional Form 10-D Disclosure information. The Depositor will be responsible
for any reasonable fees assessed or expenses incurred by the Certificate Administrator in connection with including any Additional
Form 10-D Disclosure on Form 10-D or (in the case of asset-level information required by Item 1A on Form 10-D) Form ABS-EE with
respect to the Trust pursuant to this paragraph.

 

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(b)       Any
Form 10-D filed by the Certificate Administrator with respect to the Trust shall (i) include the information required by Rule
15Ga-1(a) of the Exchange Act concerning all assets of the Trust that were subject of a demand for the repurchase of, or the substitution
of a Qualified Substitute Mortgage Loan for, a Mortgage Loan contemplated by Section 2.03(a) of this Agreement, (ii) include
a reference to the most recent Form ABS-15G filed by the Depositor and the Commission’s assigned “Central Index Key”
for the Depositor, which information the Depositor shall deliver to the Certificate Administrator, (iii) include a reference to
the most recent Form ABS-15G filed by each Mortgage Loan Seller and the Commission’s assigned “Central Index Key”
for each such filer, which information each Mortgage Loan Seller is required to deliver to the Certificate Administrator pursuant
to Section 6(i) of the applicable Mortgage Loan Purchase Agreement, (iv) incorporate by reference the Form ABS-EE filing for the
related reporting period (which Form ABS-EE disclosures shall be filed at the time of each filing of the applicable report on
Form 10-D with respect to each Mortgage Loan that was part of the Mortgage Pool during any portion of the related reporting period),
(v) to the extent such information is provided to the Certificate Administrator by the Master Servicer in the form of Exhibit
W-2 hereto for inclusion therein within the time period described in this Section 10.04, the balances of the Collection
Account, each Loan Combination Custodial Account and each REO Account (to the extent the related information has been received
from the Special Servicer within the time period specified in this Section 10.04), in each case as of the related Distribution
Date and as of the immediately preceding Distribution Date and (vi) the balance of the Distribution Account, the Interest Reserve
Account, the Excess Interest Distribution Account and the Excess Liquidation Proceeds Reserve Account, in each case as of the
related Distribution Date and as of the immediately preceding Distribution Date.

 

(c)       With
respect to any Mortgage Loan that permits Additional Debt or mezzanine debt in the future, the Certificate Administrator shall
include as part of any applicable Form 10-D filed by it (to the extent it receives such information from the Master Servicer (with
respect to Non-Specially Serviced Loans as to which the Master Servicer has knowledge or notice of any applicable Additional Debt
or mezzanine debt) or the Special Servicer (with respect to Specially Serviced Mortgage Loans as to which the Special Servicer
has knowledge or notice of any applicable Additional Debt or mezzanine debt)) the identity of such Mortgage Loan and, to the extent
such information is received by the Certificate Administrator from the Master Servicer (with respect to Non-Specially Serviced
Loans as to which the Master Servicer has knowledge or notice of any applicable Additional Debt or mezzanine debt) or the Special
Servicer (with respect to Specially Serviced Mortgage Loans as to which the Special Servicer has knowledge or notice of any applicable
Additional Debt or mezzanine debt), substantially in the form of Exhibit W-3 (A) the amount of any such Additional Debt
or mezzanine debt, as applicable, that is incurred during the related Collection Period, (B) the total debt service coverage ratio
calculated on the basis of such Mortgage Loan and such Additional Debt or mezzanine debt, as applicable, and (C) the aggregate
LTV Ratio calculated on the basis of such Mortgage Loan and such Additional Debt or mezzanine debt, as applicable.

 

(d)       The
Depositor hereby directs the Certificate Administrator to include the following individual’s name and phone number on the
cover of Forms 10-D and ABS-EE for each reporting period: Name: [_________], Telephone: [_________]. The Certificate Administrator
may rely without further investigation that this information remains correct unless

 

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and until the Depositor provides the Certificate
Administrator with a new individual’s name and phone number in writing.

 

(e)       Upon
receipt of the Asset Review Report Summary from the Asset Representations Reviewer required to be delivered pursuant to Section
11.01(b), the Certificate Administrator shall (i) include such Asset Review Report Summary in Item 1B on the Form 10-D relating
to the Collection Period in which such Asset Review Report Summary was delivered, and (ii) post such Asset Review Report Summary
to the Certificate Administrator’s Website not later than two (2) Business Days after receipt of such Asset Review Report
Summary from the Asset Representations Reviewer.

 

(f)        To
the extent the Certificate Administrator receives a request from any Certificateholder or Certificate Owner to communicate with
other Certificateholders or Certificate Owners pursuant to Section 5.07, the Certificate Administrator shall include on
the Form 10-D relating to the reporting period in which such request was received disclosure regarding the request to communicate,
and such disclosure is required to include the following and no more than the following: (a) the name of the Certificateholder
or Certificate Owner making the request, (b) the date the request was received, (c) a statement to the effect that the Certificate
Administrator has received such request, stating that such Certificateholder or Certificate Owner is interested in communicating
with other Certificateholders or Certificate Owners with regard to the possible exercise of rights under this Agreement, and (d)
a description of the method other Certificateholders or Certificate Owners may use to contact the requesting Certificateholder
or Certificate Owner.

 

(g)       At
the time required under Section 10.04(a), the Certificate Administrator shall file each Form ABS-EE with a copy of the
related CREFC® Schedule AL File received by the Certificate Administrator pursuant to Section 4.02(b) as
Exhibit 102 thereto. To the extent the Certificate Administrator receives any Schedule AL Additional File with respect to such
Form ABS-EE pursuant to Section 4.02(b), the Certificate Administrator shall file such Schedule AL Additional File as Exhibit
103 to such Form ABS-EE. The Certificate Administrator shall not be required to combine multiple CREFC® Schedule
AL Files or Schedule AL Additional Files. The Certificate Administrator shall not be required to review, redact, reconcile, edit
or verify the content, completeness or accuracy of the information contained in any CREFC® Schedule AL File or
Schedule AL Additional File. The Certificate Administrator shall not be deemed to have actual knowledge of the contents of any
CREFC® Schedule AL File or Schedule AL Additional File solely by its receipt thereof.

 

(h)       After
preparing the Forms 10-D and ABS-EE with respect to the Trust, the Certificate Administrator shall forward electronically copies
of such Forms 10-D and ABS-EE (together with the related CREFC® Schedule AL File and any Schedule AL Additional
File received by the Certificate Administrator) to the Depositor for review no later than seven (7) calendar days after the related
Distribution Date or, if the 7th calendar day after the related Distribution Date is not a Business Day, the immediately
preceding Business Day. The Master Servicer shall reasonably cooperate with the Depositor to answer any questions that the Depositor
may pose to the Master Servicer regarding the data or information contained in, or omitted from, any CREFC® Schedule
AL File or Schedule AL Additional File (other than questions regarding (1) the accuracy as of the Closing Date of data that had
been included in the

 

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Initial Schedule AL File or the Initial Schedule AL Additional File or (2) changes made to such CREFC®
Schedule AL File or Schedule AL Additional File by the Certificate Administrator following receipt from the Master Servicer).
The Certificate Administrator, the Master Servicer and the Depositor shall each, to the extent related to such party’s obligations
hereunder, reasonably cooperate to remedy any filing errors regarding any CREFC® Schedule AL File or any Schedule
AL Additional File as soon as possible. Within four (4) Business Days after receipt of copies of such Forms 10-D and ABS-EE from
the Certificate Administrator, but no later than two (2) Business Days prior to the 15th calendar day after the related
Distribution Date, the Depositor shall notify the Certificate Administrator in writing (which may be furnished electronically)
of any changes to or approval of such Form 10-D and Form ABS-EE, respectively, and an officer of the Depositor shall sign the
Form 10-D and Form ABS-EE with respect to the Trust and return an electronic or fax copy of each of the signed Form 10-D and Form
ABS-EE (with an original executed hard copy to follow by overnight mail) to the Certificate Administrator. Upon receipt of such
signed Form 10-D and Form ABS-EE (in electronic form or by fax copy), the Certificate Administrator shall deem such reports to
be approved by the Depositor and shall proceed with filing such reports with the Commission. If a Form 10-D or Form ABS-EE with
respect to the Trust cannot be filed on time or if a previously filed Form 10-D or Form ABS-EE with respect to the Trust needs
to be amended, the Certificate Administrator will follow the procedures set forth in Section 10.03(b) of this Agreement. Promptly
after filing with the Commission, the Certificate Administrator will make available on its internet website a final executed copy
of each Form 10-D and Form ABS-EE with respect to the Trust prepared and filed by the Certificate Administrator. The signing party
at the Depositor can be contacted at [NOTICE ADDRESS], or such other address as the Depositor may direct. The parties to this
Agreement acknowledge that the performance by the Certificate Administrator of its duties under this Section 10.04 related to
the timely preparation and filing of Form 10-D and Form ASB-EE with respect to the Trust is contingent upon such parties observing
all applicable deadlines in the performance of their duties under this Section 10.04. The Certificate Administrator shall have
no liability for any loss, expense, damage, or claim arising out of or with respect to any failure to properly prepare, arrange
for execution and/or timely file any Form 10-D or Form ABS-EE with respect to the Trust, where such failure results because required
disclosure information was either not delivered to the Certificate Administrator or delivered to the Certificate Administrator
after the delivery deadlines set forth in this Agreement, not resulting from its own negligence, bad faith or willful misconduct.

 

(i)       Form
10-D requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.”
The Depositor hereby instructs the Certificate Administrator, with respect to each Form 10-D with respect to the Trust, to check
“yes” for each item unless the Certificate Administrator has received prior written notice (which may be furnished
electronically) from the Depositor that the answer should be “no” for an item which notice shall be delivered to the
Certificate Administrator no later than the day on which the Depositor provided its signature for such filing pursuant to Section
10.04(h) of this Agreement.

 

Section
10.05 Form 10-K Filings.  (a) Within 90 days after the end of each fiscal year of the Trust (it being understood that
the fiscal year of the Trust ends on December 31

 

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of each year) or such earlier date as may be required by the Exchange Act (the “10-K Filing Deadline”),
commencing within 90 days after December 31, 20[__], the Certificate Administrator shall prepare and file on behalf of the Trust
any Form 10-K then required by the Exchange Act, in form and substance as then required by the Exchange Act. Each such Form 10-K
with respect to the Trust shall include the following items, in each case to the extent they have been delivered to the Certificate
Administrator (in the form required by this Agreement) within the applicable time frames set forth in this Agreement:

 

(i)        an
annual compliance statement for each Certifying Servicer and each Additional Servicer engaged by each Certifying Servicer, as
described under Section 10.08;

 

(ii)       (A)
the annual reports on assessment of compliance with Servicing Criteria for each Reporting Servicer, as described under Section
10.09; and

 

(B)       if
any such report on assessment of compliance with Servicing Criteria described under Section 10.09 identifies any material
instance of noncompliance, disclosure identifying such instance of noncompliance (including whether such instance of noncompliance
involved the servicing of the assets backing the Certificates issued pursuant to this Agreement and any steps taken to remedy
such instance of noncompliance), or if such report on assessment of compliance with Servicing Criteria described under Section
10.09 is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why
such report is not included;

 

(iii)       (A)
the registered public accounting firm attestation report for each Reporting Servicer, as described under Section 10.10;
and

 

(B)       if
any registered public accounting firm attestation report described under Section 10.10 identifies any material instance
of noncompliance, disclosure identifying such instance of noncompliance, or if any such registered public accounting firm attestation
report is not included as an exhibit to such Form 10-K, disclosure that such report is not included and an explanation why such
report is not included; and

 

(iv)       a
certification in the form attached to this Agreement as Exhibit X, with such changes as may be necessary or appropriate
as a result of changes promulgated by the Commission (the “Sarbanes-Oxley Certification”), which shall, except
as described below, be signed by the senior officer of the Depositor in charge of securitization.

 

Any
disclosure or information in addition to (i) through (iv) above that is required to be included on Form 10-K (“Additional
Form 10-K Disclosure”) shall, pursuant to the second following paragraph, be (i) reported by the parties set forth on
Exhibit V to this Agreement to the Depositor, the Certificate Administrator and any Other Depositor and Other Exchange
Act Reporting Party to which such Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes and (ii) approved
by the Depositor and such Other Depositor, and the

 

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Certificate Administrator will have no duty or liability for any failure hereunder
to determine or prepare any Additional Form 10-K Disclosure, absent such reporting, direction and approval.

 

Not
later than the end of each fiscal year for which the Trust is required to file a Form 10-K, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Custodian, the Operating Advisor and the Trustee shall provide the other parties to this Agreement
and the Mortgage Loan Sellers with written notice of the name and address of each Servicing Function Participant retained by such
party, if any, during such fiscal year. Not later than the end of each fiscal year for which the Trust is required to file a Form
10-K, the Certificate Administrator shall, upon request (which can be in the form of electronic mail and which may be continually
effective), provide to each Mortgage Loan Seller written notice of any change in the identity of any party to this Agreement,
including the name and address of any new party to this Agreement.

 

For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, no later
than March 1, commencing in March 20[__], (i) the parties listed on Exhibit V to this Agreement shall be required to provide
(and (i) with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use
commercially reasonable efforts to cause such Servicing Function Participant to provide, and (ii) with respect to any other Servicing
Function Participant of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to
provide) to the Certificate Administrator, the Depositor and each Other Exchange Act Reporting Party and Other Depositor to which
the particular Additional Form 10-K Disclosure is relevant for Exchange Act reporting purposes, to the extent a Servicing Officer
or a Responsible Officer, as the case may be, thereof has actual knowledge (other than information required by Item 1117 of Regulation
AB as to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may
be or any lawyer in the in-house legal department of such party), in EDGAR-compatible format (to the extent available to such
party in such format) or in such other format as otherwise agreed upon by the Certificate Administrator, the Depositor, each such
Other Exchange Act Reporting Party, each such Other Depositor and such providing parties, the form and substance of any Additional
Form 10-K Disclosure described on Exhibit V to this Agreement applicable to such party, (ii) the parties listed on Exhibit
V to this Agreement shall include with such Additional Form 10-K Disclosure applicable to such party and shall cause each
Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit S, shall use commercially reasonable efforts to
cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation AB to provide, and if received,
include, an Additional Disclosure Notification in the form attached as Exhibit W to this Agreement, and (iii) the Depositor
will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Additional Form 10-K Disclosure
on Form 10-K with respect to the Trust; provided that any Depositor’s approval pursuant to this clause (iii) shall
not relieve any parties listed on Exhibit V of its obligations to provide Additional Form 10- K Disclosure that is true
and accurate in all material respects and in compliance with all applicable requirements of the Securities Act and the Exchange
Act, and the rules and regulations promulgated thereunder. The Certificate Administrator has no duty under this Agreement to monitor
or enforce the performance by the parties listed on Exhibit V to this Agreement of their duties under this paragraph or
proactively solicit or procure from such parties any Additional Form 10-K Disclosure information. The Depositor will be responsible
for any reasonable fees

 

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assessed and expenses incurred by the Certificate Administrator in connection with including any Additional
Form 10-K Disclosure on Form 10-K with respect to the Trust pursuant to this paragraph.

 

After
preparing a Form 10-K with respect to the Trust, the Certificate Administrator shall forward electronically a preliminary copy
of such Form 10-K to the Depositor for review no later than March 15 in the year immediately following the year as to which such
Form 10-K relates, or, if March 15 is not a Business Day, on the immediately following Business Day. Within three (3) Business
Days after receipt of such copy, the Depositor shall notify the Certificate Administrator in writing (which may be furnished electronically)
of any changes or approval to such preliminary Form 10-K. The Certificate Administrator shall provide a complete Form 10-K with
respect to the Trust to the Depositor for review no later than March 21 in the year immediately following the year as to which
such Form 10-K relates, or if March 21 is not a Business Day, on the immediately following Business Day. Within three (3) Business
Days after receipt of such complete Form 10-K, the Depositor shall notify the Certificate Administrator in writing (which may
be furnished electronically) of any changes or approval to such complete Form 10-K. No later than 5:00 p.m. (New York City time)
on the third Business Day prior to the 10-K Filing Deadline, a senior officer of the Depositor shall sign the Form 10-K with respect
to the Trust and return an electronic or fax copy of such signed Form 10-K (with an original executed hard copy to follow by overnight
mail) to the Certificate Administrator. Upon receipt of such signed Form 10-K (in electronic form or by fax copy), the Certificate
Administrator shall deem such report to be approved by the Depositor and shall proceed with filing such report with the Commission.
If a Form 10-K with respect to the Trust cannot be filed on time or if a previously filed Form 10-K with respect to the Trust
needs to be amended, the Certificate Administrator will follow the procedures set forth in Section 10.03(b). Promptly after
filing with the Commission, the Certificate Administrator will make available on the Certificate Administrator’s Website
a final executed copy of each Form 10-K prepared and filed by the Certificate Administrator. The signing party at the Depositor
can be contacted at [notice address], or such other address as the Depositor may
direct. The parties to this Agreement acknowledge that the performance by the Certificate Administrator of its duties under this
Section 10.05 related to the timely preparation and filing of Form 10-K with respect to the Trust is contingent upon the
parties to this Agreement (and any Additional Servicer or Servicing Function Participant engaged or utilized, as applicable, by
any such parties) observing all applicable deadlines in the performance of their duties under this Section 10.05. The Certificate
Administrator shall have no liability for any loss, expense, damage, claim arising out of or with respect to any failure to properly
prepare, arrange for execution and/or timely file any Form 10-K with respect to the Trust, where such failure results because
required disclosure information was either not delivered to the Certificate Administrator or delivered to the Certificate Administrator
after the delivery deadlines set forth in this Agreement, not resulting from its own negligence, bad faith or willful misconduct.

 

(b)       Form
10-K requires the registrant to indicate (by checking “yes” or “no”) that it “(1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.”
The Depositor hereby instructs the Certificate Administrator, with respect to each Form 10-K with respect to the Trust, to check
“yes” for each item unless the Certificate Administrator has

 

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received prior written notice (which may be furnished
electronically) from the Depositor that the answer should be “no” for an item which notice shall be delivered to the
Certificate Administrator no later than the day on which the Depositor provided its signature for such filing pursuant to Section
10.05(a) of this Agreement.

 

Section
10.06    Sarbanes-Oxley Certification. Each Form 10-K with respect to the Trust shall include a Sarbanes-Oxley
Certification in the form attached to this Agreement as Exhibit X required to be included therewith pursuant to the Sarbanes-Oxley
Act. The Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Asset
Representations Reviewer and the Trustee shall provide (and (i) with respect to any Servicing Function Participant of such party
that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant
to provide, and (ii) with respect to any other Servicing Function Participant of such party (other than any party to this Agreement),
shall cause such Servicing Function Participant to provide) to the Person who signs the Sarbanes-Oxley Certification for the Trust
or any Other Securitization Trust (the “Certifying Person”) no later than March 15 in the year immediately
following the year as to which such Form 10-K relates or, if March 15 is not a Business Day, on the immediately following Business
Day, a certification in the form attached to this Agreement as Exhibit Y-1, Exhibit Y-2, Exhibit Y-3, Exhibit
Y-4, Exhibit Y-5 and Exhibit Y-6, as applicable, on which the Certifying Person, the entity for which the Certifying
Person acts as an officer, and such entity’s officers, directors and Affiliates (collectively with the Certifying Person,
“Certification Parties”) can reasonably rely. With respect to each Outside Serviced Mortgage Loan serviced
under the applicable Outside Servicing Agreement, the Master Servicer will use commercially reasonable efforts to procure, and
upon receipt deliver to the Certifying Person, a Sarbanes-Oxley back-up certification similar in form and substance to the applicable
certification from the related Outside Servicer, the related Outside Special Servicer, the related Outside Paying Agent and the
related Outside Trustee. In the event any Reporting Servicer is terminated or resigns pursuant to the terms of this Agreement,
or any applicable Sub-Servicing Agreement or primary servicing agreement, as the case may be, such Reporting Servicer shall provide
a certification to the Certifying Person pursuant to this Section 10.06 with respect to the period of time it was subject
to this Agreement or the applicable sub-servicing or primary servicing agreement, as the case may be.

 

Section
10.07   Form 8-K Filings. Within four (4) Business Days after the occurrence of an event requiring disclosure on Form
8-K (each such event, a “Reportable Event”), or if requested by the Depositor, the Certificate
Administrator shall prepare and file on behalf of the Trust any Form 8-K, as required by the Exchange Act, provided
that the Depositor shall file the initial Form 8-K with respect to the Trust in connection with the issuance of the
Certificates. Any disclosure or information related to a Reportable Event or that is otherwise required to be included on
Form 8-K (“Form 8-K Disclosure Information”) that is approved by the Depositor shall, pursuant to the
following paragraph, be reported by the applicable parties set forth on Exhibit Z to this Agreement to the Depositor,
the Certificate Administrator and each Other Depositor and Other Exchange Act Reporting Party to which such Form 8-K
Disclosure Information is relevant for Exchange Act reporting purposes, and the Certificate Administrator will have no duty
or liability for any failure hereunder to determine or prepare any Form 8-K Disclosure Information or any Form 8-K with
respect to the Trust, absent such reporting, direction and approval.

 

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For
so long as the Trust or any Other Securitization Trust is subject to the reporting requirements of the Exchange Act, to the extent
a Servicing Officer or Responsible Officer thereof has actual knowledge of such event (other than Item 1117 of Regulation AB as
to such party which shall be reported if actually known by any Servicing Officer or Responsible Officer, as the case may be or
any lawyer in the in-house legal department of such party), within one (1) Business Day after the occurrence of a Reportable Event
(using commercially reasonable efforts), but in no event later than 1:00 p.m. (New York City time) on the second Business Day
after the occurrence of a Reportable Event, (i) the parties set forth on Exhibit Z to this Agreement shall be required
to provide (and (i) with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer,
shall use commercially reasonable efforts to cause such Servicing Function Participant to provide, and (ii) with respect to any
other Servicing Function Participant of such party (other than any party to this Agreement), shall cause such Servicing Function
Participant to provide) to the Depositor, the Certificate Administrator and each Other Depositor and Other Exchange Act Reporting
Party to which the particular Form 8-K Disclosure Information is relevant for Exchange Act reporting purposes, in EDGAR-compatible
format (to the extent available to such party in such format) or in such other format as otherwise agreed upon by the Depositor,
the Certificate Administrator, each such Other Depositor, each such Other Exchange Act Reporting Party and such providing parties
any Form 8-K Disclosure Information described on Exhibit Z to this Agreement as applicable to such party, if applicable
(ii) the parties listed on Exhibit Z to this Agreement shall include with such Form 8-K Disclosure Information applicable
to such party and shall cause each Sub-Servicer (or, in the case of each Sub-Servicer set forth on Exhibit S, shall use
commercially reasonable efforts to cause such Sub-Servicer) and Subcontractor of such party to the extent required under Regulation
AB to provide, and if received, include, an Additional Disclosure Notification in the form attached hereto as Exhibit W,
and (iii) the Depositor will approve, as to form and substance, or disapprove, as the case may be, the inclusion of the Form 8-K
Disclosure Information on Form 8-K with respect to the Trust; provided that any Depositor’s approval pursuant to
this clause (iii) shall not relieve any parties listed on Exhibit Z of its obligations to provide Form 8-K Disclosure
Information that is true and accurate in all material respects and in compliance with all applicable requirements of the Securities
Act and the Exchange Act and the rules and regulations promulgated thereunder. The Certificate Administrator has no duty under
this Agreement to monitor or enforce the performance by the parties listed on Exhibit Z of their duties under this paragraph
or proactively solicit or procure from such parties any Form 8-K Disclosure Information. The Depositor will be responsible for
any reasonable fees assessed or expenses incurred by the Certificate Administrator in connection with including any Form 8-K Disclosure
Information on Form 8-K with respect to the Trust pursuant to this paragraph.

 

With
respect to any Loan Combination, (i) upon receipt of any notice of execution or amendment of an Outside Servicing Agreement or
an Outside Serviced Co-Lender Agreement with respect to an Outside Serviced Mortgage Loan or notice of any Reportable Event with
respect to any Outside Service Provider of an Outside Serviced Mortgage Loan, the Trustee or the Certificate Administrator, as
the case may be, shall promptly notify the Depositor of such notice and cooperate with the Depositor to prepare and file on behalf
of the Trust any Form 8-K, as required by the Exchange Act and (ii) upon the execution of any amendment to a related Co-Lender
Agreement, the Master Servicer, the Special Servicer or the Trustee, as the case may be, executing such amendment on behalf of
the Trust shall promptly notify the Depositor and the Certificate Administrator of such execution and cooperate with the Depositor
and the Certificate

 

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Administrator to prepare and file on behalf of the Trust any Form 8-K, as required by the Exchange Act.

 

After
preparing any Form 8-K with respect to the Trust, the Certificate Administrator shall forward electronically a copy of the Form
8-K to the Depositor for review no later than 1:00 p.m. (New York City time) on the third Business Day after the related Reportable
Event (but in no event earlier than 24 hours after having received approved Form 8-K Disclosure Information pursuant to the immediately
preceding paragraph). Promptly, but no later than the close of business on the third Business Day after the related Reportable
Event, the Depositor shall notify the Certificate Administrator in writing (which may be furnished electronically) of any changes
to or approval of such Form 8-K. No later than noon on the fourth Business Day after the related Reportable Event, a duly authorized
representative of the Depositor shall sign the Form 8-K with respect to the Trust and return an electronic or fax copy of such
signed Form 8-K (with an original executed hard copy to follow by overnight mail) to the Certificate Administrator. If a Form
8-K with respect to the Trust cannot be filed on time or if a previously filed Form 8-K with respect to the Trust needs to be
amended, the Certificate Administrator will follow the procedures set forth in Section 10.03(b) of this Agreement. Promptly
after filing with the Commission, the Certificate Administrator will, make available on its internet website a final executed
copy of each Form 8-K with respect to the Trust, to the extent such Form 8-K has been prepared and filed by the Certificate Administrator.
The signing party at the Depositor can be contacted at [notice address], or such
other address as the Depositor may direct. The parties to this Agreement acknowledge that the performance by the Certificate Administrator
of its duties under this Section 10.07 related to the timely preparation and filing of Form 8-K with respect to the Trust
is contingent upon such parties observing all applicable deadlines in the performance of their duties under this Section 10.07.
The Certificate Administrator shall have no liability for any loss, expense, damage, claim arising out of or with respect to any
failure to properly prepare and/or timely file any Form 8-K with respect to the Trust, where such failure results from the Certificate
Administrator’s inability or failure to receive, on a timely basis, any information from the parties to this Agreement needed
to prepare, arrange for execution or file such Form 8-K, not resulting from its own negligence, bad faith or willful misconduct.

 

In
the case of a Form 8-K that is filed by or on behalf of the Trust or any Other Securitization Trust as a result of the termination,
removal, resignation or any other replacement of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator
or any Sub-Servicer or Subcontractor of any of the foregoing parties (to the extent such Sub-Servicer or Subcontractor is a “servicer”
as contemplated by Item 1108(a)(2) of Regulation AB) under this Agreement, the proposed successor Master Servicer, Special Servicer,
Trustee, Certificate Administrator, Sub-Servicer or Subcontractor, as applicable, shall, as a condition to such succession and
at the reasonable expense of the same party or parties required to pay the costs and expenses relating to such termination, removal,
resignation or other replacement pursuant to this Agreement, provide to the Certificate Administrator and the Depositor on or
before the date of such proposed succession the following: (i) any information (including, but not limited to, disclosure information)
required for the Trust to comply in a timely manner with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K
and (ii) such opinion(s) of counsel, certifications and/or indemnification agreement(s) with respect to such information that
are substantially similar to those delivered by the initial Master Servicer, the initial Special Servicer, the initial Trustee,
the initial Certificate Administrator or the initial Sub-Servicer, as the case

 

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may be, or their respective counsel, in connection
with the information concerning such party in the Prospectus and/or any other disclosure materials relating to this Trust.

 

Section
10.08    Annual Compliance Statements. The Master Servicer, the Special Servicer, the Certificate
Administrator, the Custodian and, if it has made an Advance during the applicable calendar year, the Trustee shall furnish
(and each of the Master Servicer, the Special Servicer, the Custodian and the Certificate Administrator (i) with respect to
any Additional Servicer of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts
to cause such Additional Servicer to furnish, and (ii) with respect to any other Additional Servicer of such party (other
than any party to this Agreement), shall cause such Additional Servicer to furnish) (each such Additional Servicer and each
of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee (if applicable), a
“Certifying Servicer”) to the Certificate Administrator, the Serviced Companion Loan Holders (or, in the
case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other
Exchange Act Reporting Party), the Operating Advisor (only in the case of an Officer’s Certificate furnished by the
Special Servicer) and the Depositor on or before March 15 of each year, commencing in March 20[__], an Officer’s
Certificate (together with a copy thereof in EDGAR compatible format, or in such other format as otherwise agreed upon by the
Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party
and the applicable Certifying Servicer) stating, as to the signer thereof, that (A) a review of such Certifying
Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying Servicer’s
performance under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an
Additional Servicer, has been made under such officer’s supervision and (B) to the best of such
officer’s knowledge, based on such review, such Certifying Servicer has fulfilled all its obligations under this
Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional Servicer, in
all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation
in any material respect, specifying each such failure known to such officer and the nature and status thereof. The Master
Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall cause (or, in the case of an
Additional Servicer that is a Mortgage Loan Seller Sub-Servicer, shall use its commercially reasonable efforts to cause) each
Additional Servicer hired by it to, forward a copy of each such statement to, prior to the occurrence and continuance of a
Consultation Termination Event, the Controlling Class Representative and, for posting to the Rule 17g-5 Information
Provider’s Website pursuant to Section 12.13, the Rule 17g-5 Information Provider. Promptly after receipt of
each such Officer’s Certificate, the Depositor (and, in the case of a Serviced Companion Loan that is part of an Other
Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such
Officer’s Certificate and, if applicable, consult with the Certifying Servicer, as applicable, as to the nature of any
failures by such Certifying Servicer, respectively, or any related Additional Servicer with which the Master Servicer or the
Special Servicer, as applicable, has entered into a servicing relationship with respect to the Mortgage Loans or the
Companion Loans in the fulfillment of any Certifying Servicer’s obligations hereunder or under the applicable
sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under this Section apply to each
Certifying Servicer that serviced a Mortgage Loan or Companion Loan during the applicable period, whether or not the
Certifying

 

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Servicer is acting in such capacity at the time such Officer’s Certificate is required
to be delivered.

 

With
respect to each Outside Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator
shall request, and upon receipt deliver to the Depositor, from a “Servicing Officer” or “Responsible Officer”
(as such terms are defined in the applicable Outside Servicing Agreement), as applicable, of the related Outside Servicer, Outside
Special Servicer, Outside Custodian, Outside Trustee and Outside Paying Agent or Outside Certificate Administrator an Officer’s
Certificate in form and substance similar to the Officer’s Certificate described in this Section or such other form as is
set forth in the Outside Servicing Agreement.

 

Section
10.09    Annual Reports on Assessment of Compliance With Servicing Criteria.

 

(a)       On
or before March 15 of each year commencing in March 20[__], the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Operating Advisor and, if it has made (or is required to make) an Advance during the applicable calendar year,
the Trustee, each at its own expense, shall furnish (and each of the preceding parties, as applicable, (i) with respect to any
Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts
to cause such Servicing Function Participant to furnish, and (ii) with respect to any other Servicing Function Participant of
such party (other than any party to this Agreement), shall cause such Servicing Function Participant to furnish) (each Master
Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Operating Advisor, any Servicing Function Participant
and, if it has made (or is required to make) an Advance during the applicable calendar year, the Trustee, as the case may be,
a “Reporting Servicer”) to the Certificate Administrator, the Trustee, the Serviced Companion Loan Holders
(or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and
Other Exchange Act Reporting Party), the Operating Advisor (only in the case of a report furnished by the Special Servicer) and
the Depositor, a report on an assessment of compliance with the Relevant Servicing Criteria (together with a copy thereof in EDGAR
compatible format, or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator, the applicable
Other Depositor, the applicable Other Exchange Act Reporting Party and the applicable Certifying Servicer) that complies in all
material respects with the requirements of Item 1122 of Regulation AB and contains (A) a statement by such Reporting Servicer
of its responsibility for assessing compliance with the Relevant Servicing Criteria, (B) a statement that such Reporting Servicer
used the Servicing Criteria to assess compliance with the Relevant Servicing Criteria, (C) such Reporting Servicer’s assessment
of compliance with the Relevant Servicing Criteria as of the end of and for the preceding calendar year, including, if there has
been any material instance of noncompliance with the Relevant Servicing Criteria, a discussion of each such failure and the nature
and status thereof, and (D) a statement that a registered public accounting firm has issued an attestation report on such Reporting
Servicer’s assessment of compliance with the Relevant Servicing Criteria as of and for such period. Copies of all compliance
reports delivered pursuant to this Section 10.09 shall be provided to any Certificateholder, upon the written request thereof,
by the Certificate Administrator.

 

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Each
such report shall be addressed to the Depositor and each Other Depositor (if addressed) and signed by an authorized officer of
the applicable company, and shall address each of the Relevant Servicing Criteria specified on a certification substantially in
the form of Exhibit O to this Agreement delivered to the Depositor on the Closing Date. Promptly after receipt of each
such report, (i) the Depositor and each Other Depositor may review each such report and, if applicable, consult with the each
Reporting Servicer as to the nature of any material instance of noncompliance with the Relevant Servicing Criteria, and (ii) the
Certificate Administrator shall confirm that the assessments, taken individually address the Relevant Servicing Criteria for each
party as set forth on Exhibit O to this Agreement and notify the Depositor of any exceptions. For the avoidance of doubt,
the Trustee shall have no obligation or duty to determine whether any such report (other than any such report furnished by the
Trustee or any Servicing Function Participant of the Trustee) is in form and substance in compliance with the requirements of
Regulation AB.

 

(b)       On
the Closing Date, the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee and the
Operating Advisor each acknowledge and agree that Exhibit O to this Agreement sets forth the Relevant Servicing Criteria
for such party.

 

(c)       No
later than the end of each fiscal year for the Trust, the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Operating Advisor and, if it has made (or is required to make) an Advance during such fiscal year, the Trustee
shall notify the Certificate Administrator, the Depositor, each Other Exchange Act Reporting Party and each Other Depositor as
to the name of each Servicing Function Participant utilized by it, and the Certificate Administrator shall notify the Depositor
and each Other Depositor as to the name of each Servicing Function Participant utilized by it, during such fiscal year, and each
such notice will specify what specific Servicing Criteria will be addressed in the report on assessment of compliance prepared
by such Servicing Function Participant. When the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian,
the Trustee (if applicable), the Operating Advisor and any Servicing Function Participant submit their assessments pursuant to
Section 10.09(a) of this Agreement, such parties will also at such time include the assessment (and related attestation
pursuant to Section 10.10 of this Agreement) of each Servicing Function Participant engaged by it. The fiscal year for
the Trust shall be January 1 through and including December 31 of each calendar year.

 

(d)       In
the event the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if it has made,
or is required to make, an Advance during the applicable period) or the Operating Advisor is terminated or resigns pursuant to
the terms of this Agreement, such party shall provide, and each such party shall cause (or, if the Servicing Function Participant
is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause) any Servicing Function Participant
of such party to provide (and the Master Servicer, the Special Servicer and the Certificate Administrator shall, with respect
to any Servicing Function Participant that resigns or is terminated under any applicable servicing agreement, cause such Servicing
Function Participant (or, in the case of each Servicing Function Participant that is a Mortgage Loan Seller Sub-Servicer, shall
use commercially reasonable efforts to cause such Servicing Function Participant) to provide) an annual assessment of compliance
pursuant to this Section 10.09, coupled with an attestation as required in

 

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Section 10.10 of this Agreement with
respect to the period of time that the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the
Trustee (if it has made, or is required to make, an Advance during such period of time) or the Operating Advisor was subject to
this Agreement or the period of time that the applicable Servicing Function Participant was subject to such other servicing agreement.

 

With
respect to each Outside Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator
shall use commercially reasonable efforts to obtain, and upon receipt deliver to the Depositor, an annual report on assessment
of compliance as described in this Section and an attestation as described in Section 10.10 from the related Outside Servicer,
Outside Special Servicer, Outside Custodian, Outside Trustee and Outside Paying Agent or Outside Certificate Administrator and
in form and substance similar to the annual report on assessment of compliance described in this Section 10.09 and the attestation
described in Section 10.10.

 

Section
10.10    Annual Independent Public Accountants’ Servicing Report. On or before March 15 of each
year, commencing in March 20[__], the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian,
the Operating Advisor and, if it has made (or is required to make) an Advance during the applicable calendar year, the
Trustee, each at its own expense, shall cause (and each of the preceding parties, as applicable, (i) with respect to any
Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable
efforts to cause such Servicing Function Participant to cause, and (ii) with respect to any other Servicing Function
Participant of such party (other than any party to this Agreement), shall cause such Servicing Function Participant to cause)
a registered public accounting firm (which may also render other services to the Master Servicer, the Special Servicer, the
Certificate Administrator, the Custodian, the Trustee, the Operating Advisor or the applicable Servicing Function
Participant, as the case may be) and that is a member of the American Institute of Certified Public Accountants to furnish a
report (together with a copy thereof in EDGAR compatible format, or in such other format as otherwise agreed upon by the
Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party
and the applicable party required to furnish, or cause to be furnished, such report under this Section 10.10) to the
Certificate Administrator, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of
an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Operating Advisor
(only in the case of a report furnished on behalf of the Special Servicer) and the Depositor, and, prior to the occurrence
and continuance of a Consultation Termination Event, the Controlling Class Representative and, for posting to the Rule 17g-5
Information Provider’s Website pursuant to Section 11.13 of this Agreement, the Rule 17g-5 Information Provider,
to the effect that (i) it has obtained a representation regarding certain matters from the management of such
Reporting Servicer, which includes an assertion that such Reporting Servicer has complied with the Relevant Servicing
Criteria and (ii) on the basis of an examination conducted by such firm in accordance with standards for attestation
engagements issued or adopted by the Public Company Accounting Oversight Board, it is expressing an opinion as to whether
such Reporting Servicer’s compliance with the Relevant Servicing Criteria was fairly stated in all material respects,
or it is not expressing an overall opinion regarding such Reporting Servicer’s assessment of compliance with the
Relevant Servicing Criteria. In the event that an overall opinion cannot be expressed, such registered public accounting firm
shall

 

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state in such report why it was unable to express such an opinion. Each such related accountant’s attestation
report shall be made in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Act and the Exchange Act.
Such report must be available for general use and not contain restricted use language. Copies of such statement will be
provided to any Certificateholder, upon the written request thereof, by the Certificate Administrator.

 

Promptly
after receipt of such report from the Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian, the
Trustee (if applicable), the Operating Advisor or any Servicing Function Participant, (i) the Depositor and each Other Depositor
may review the report and, if applicable, consult with the Master Servicer, the Special Servicer, the Certificate Administrator,
the Custodian, the Trustee (if applicable) or the Operating Advisor as to the nature of any defaults by the Master Servicer, the
Special Servicer, the Certificate Administrator, the Custodian, the Trustee (if applicable), the Operating Advisor or any Servicing
Function Participant with which it has entered into a servicing relationship with respect to the Mortgage Loans or the Companion
Loans, as the case may be, in the fulfillment of any of the Master Servicer’s, the Special Servicer’s, the Certificate
Administrator’s, the Custodian’s, the Trustee’s (if applicable), the Operating Advisor’s or the applicable
Servicing Function Participants’ obligations hereunder or under the applicable sub servicing or primary servicing agreement,
and (ii) the Certificate Administrator shall confirm that each accountants’ attestation report submitted pursuant to this
Section relates to an assessment of compliance meeting the requirements of Section 10.09 of this Agreement and notify the
Depositor of any exceptions.

 

Section
10.11    Significant Obligors

 

(a)       It
is hereby acknowledged that the [__________________] is a Significant Obligor with respect to the Trust, and, accordingly, Item
6 of Form 10-D and Item 1112(b)(1) of Form 10-K provide for the inclusion of updated net operating income for such Mortgaged Property,
as required by Item 1112(b)(1) of Regulation AB, on (i) each Form 10-D to be filed with respect to the Trust (on a quarterly basis)
on or before the related Significant Obligor NOI Quarterly Filing Deadline or (ii) on each Form 10-K filed with respect to the
Trust, as applicable. The parties hereto acknowledge that the date on which financial statements are required to be delivered
to the related lender under the related Mortgage Loan documents is thirty (30) days following the end of each fiscal quarter of
the related Mortgagor or seventy-five (75) days following the end of each fiscal year of the related Mortgagor, as applicable,
as set forth in Section 11.1(c) of the related Loan Agreement.

 

With
respect to any Significant Obligor with respect to the Trust, to the extent that the Master Servicer or the Special Servicer,
as applicable, is in receipt of the updated financial statements of such Significant Obligor for any calendar quarter (other than
the fourth calendar quarter of any calendar year), beginning for the calendar quarter ending [date],
or the updated financial statements of such Significant Obligor for any calendar year, beginning for the calendar year ending
[date], as applicable, the Master Servicer or the Special Servicer, as applicable,
shall deliver to the Certificate Administrator, on or prior to the day that occurs two (2) Business Days prior to the related
Significant Obligor NOI Quarterly Filing Deadline or four (4) Business Days prior to the related Significant Obligor NOI Yearly
Filing Deadline, as applicable, (A) if such financial statement receipt occurs twelve (12) or more Business Days prior to the
related Significant Obligor NOI Quarterly Filing Deadline or fourteen (14) or more Business Days prior

 

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to the related Significant
Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant Obligor, together with the net
operating income of such Significant Obligor for the applicable period as calculated by the Master Servicer or the Special Servicer,
as applicable, in accordance with CREFC® guidelines and (B) if such financial statement receipt occurs less than twelve (12)
Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than fourteen (14) Business Days
prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant
Obligor, together with the net operating income of such Significant Obligor for the applicable period as reported by the related
Borrower in such financial statements.

 

If
the Master Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1)
of Form 10-K, as the case may be, of any Significant Obligor with respect to the Trust by the date on which such financial information
is required to be delivered under the related Loan Documents, the Master Servicer (i) shall use efforts consistent with the Servicing
Standard (taking into account, in addition, the ongoing reporting obligations of the Depositor under the Exchange Act) to obtain
the periodic financial statements of the related Mortgagor under the related Loan Documents, (ii) shall (and shall cause each
applicable Sub-Servicing Agreement to require any related Sub-Servicer to) retain written evidence of each instance in which it
(or a Sub-Servicer) attempts to contact the related Mortgagor to obtain the required financial information, and (iii) if unsuccessful,
shall, no later than five (5) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or the related
Significant Obligor NOI Yearly Filing Deadline, as applicable, forward an Officer’s Certificate evidencing its attempts
to obtain this information to the Certificate Administrator and the Depositor.

 

If
the Certificate Administrator has not received financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1)
of Form 10-K, as the case may be, it shall include the following statement with respect to Item 6 on the related Form 10-D with
respect to the Trust or Item 1112(b)(1) on the related Form 10-K with respect to the Trust: “The information required for
this [Item 6] [Item 1112(b)(1)] rests with a person or entity which is not affiliated with the registrant. Oral and written requests
have been made on behalf of the registrant, to the extent required under the related pooling and servicing agreement, to obtain
the information required for this [Item 6] [Item 1112(b)(1)], and the registrant has been unable to obtain such information to
include on this [Form 10-D] [Form 10-K] by the related filing deadline. The information is therefore being omitted herefrom in
reliance on Rule 12b-21 under the Securities Exchange Act of 1934, as amended” or such other statement as directed by the
Depositor. Upon receipt of any financial information that has been previously omitted from any Form 10-D or Form 10-K with respect
to the Trust because such information was received by the Certificate Administrator after the related filing deadline, the Certificate
Administrator shall include such previously omitted financial information in the (i) next Form 10-D to be filed with respect to
the Trust if such information is received by the Certificate Administrator at least two (2) Business Days prior to the filing
deadline of such Form 10-D or (ii) the second succeeding Form 10-D to be filed with respect to the Trust if the Certificate Administrator
does not receive such information prior to the date set forth in clause (i) above.

 

(b)       With
respect to any Significant Obligor with respect to an Other Securitization Trust, to the extent that the Master Servicer or the
Special Servicer, as applicable,

 

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is in receipt of the updated financial statements of such Significant Obligor for any calendar
quarter (other than the fourth calendar quarter of any calendar year), beginning with the first calendar quarter following receipt
of notice from the Other Depositor that such Significant Obligor with respect to such Other Securitization Trust exists, or the
updated financial statements of such Significant Obligor for any calendar year, beginning for the calendar year following such
notice from the Other Depositor, as applicable, the Master Servicer or Special Servicer, as applicable, shall deliver to the Other
Depositor and the Other Exchange Act Reporting Party of such Other Securitization Trust, on or prior to the day that occurs two
(2) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or four (4) Business Days prior to the
related Significant Obligor NOI Yearly Filing Deadline, as applicable, (A) if such financial statement receipt occurs twelve (12)
or more Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or fourteen (14) or more Business
Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant
Obligor, together with the net operating income of such Significant Obligor for the applicable period as calculated by the Master
Servicer in accordance with CREFC® guidelines and (B) if such financial statement receipt occurs less than twelve
(12) Business Days prior to the related Significant Obligor NOI Quarterly Filing Deadline or less than fourteen (14) Business
Days prior to the related Significant Obligor NOI Yearly Filing Deadline, as applicable, such financial statements of such Significant
Obligor, together with the net operating income of such Significant Obligor for the applicable period as reported by the related
Mortgagor in such financial statements.

 

If
the Master Servicer does not receive financial information satisfactory to comply with Item 6 of Form 10-D or Item 1112(b)(1)
of Form 10-K, as the case may be, of any Significant Obligor with respect to an Other Securitization Trust by the date on which
such financial information is required to be delivered under the related Loan Documents, the Master Servicer (i) shall use efforts
consistent with the Servicing Standard (taking into account, in addition, the ongoing reporting obligations of the related Other
Depositor under the Exchange Act) to obtain the periodic financial statements of the related Mortgagor under the related Loan
Documents, (ii) shall (and shall cause each applicable Sub-Servicing Agreement to require any related Sub-Servicer to) retain
written evidence of each instance in which it (or a Sub-Servicer) attempts to contact the related Mortgagor to obtain the required
financial information, and (iii) if unsuccessful, shall, no later than five (5) Business Days prior to the related Significant
Obligor NOI Quarterly Filing Deadline or the related Significant Obligor NOI Yearly Filing Deadline, as applicable, forward an
Officer’s Certificate evidencing its attempts to obtain this information to the Other Exchange Act Reporting Party and Other
Depositor related to such Other Securitization Trust.

 

Section
10.12    Indemnification. Each of the Master Servicer, the Special Servicer, the Operating Advisor, the
Certificate Administrator, the Custodian, the Asset Representations Reviewer and the Trustee (each an “Indemnifying
Party”) shall indemnify and hold harmless each Certification Party, the Depositor, each Other Depositor, any
employee, director or officer of the Depositor or any Other Depositor, and each other person, if any, who controls the
Depositor or any Other Depositor within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act from and against any claims, losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs,
judgments and other costs and expenses (including without limitation the costs of investigation, legal defense and
any

 

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amounts paid in settlement of any claim or litigation) incurred by such indemnified party arising out of:
(i) the failure of any Indemnifying Party to perform its obligations under this Article X; (ii) the failure of any Servicing
Function Participant or Additional Servicer retained by it (other than a Mortgage Loan Seller Sub-Servicer) to perform its obligations
under this Article X; (iii) any untrue statement of a material fact contained in any information (x) regarding the Indemnifying
Party or any Servicing Function Participant, Additional Servicer or Subcontractor engaged by it (other than any Mortgage Loan
Seller Sub-Servicer), (y) prepared by any such party described in clause (x) or any registered public accounting firm, attorney
or other agent retained by such party to prepare such information and (z) delivered by or on behalf of such Indemnifying Party
in connection with the performance of such Indemnifying Party’s obligations described in this Article X, or the omission
to state in any such information a material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; provided, that such Indemnifying Party shall be entitled to participate at its own expense
in any action arising out of the foregoing and the Depositor shall consult with such Indemnifying Party with respect to any litigation
or audit strategy, as applicable, in connection with the foregoing and any potential settlement terms related thereto (provided
that any such consultation shall be nonbinding); (iv) negligence, bad faith or willful misconduct on the part of the Master Servicer,
the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian, the Asset Representations Reviewer
or the Trustee, as applicable, in the performance of such obligations; or (v) any Deficient Exchange Act Deliverable with respect
to such Indemnifying Party.

 

In
addition, each of the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian,
the Asset Representations Reviewer and the Trustee shall cooperate (and (i) with respect to each Servicing Function Participant
and Additional Servicer of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to
cause such Servicing Function Participant or Additional Servicer to cooperate, and (ii) with respect to any other Servicing Function
Participant or Additional Servicer of such party, shall cause such Servicing Function Participant or Additional Servicer to cooperate)
with the Depositor or any Other Depositor, as applicable, as necessary for the Depositor or any Other Depositor, as applicable,
to conduct any reasonable due diligence necessary to evaluate and assess any material instances of non-compliance disclosed in
any of the deliverables required by the applicable reporting requirements under the Securities Act, the Exchange Act, the Sarbanes-Oxley
Act and the rules and regulations promulgated thereunder (“Reporting Requirements”).

 

In
connection with comments provided to the Depositor or any Other Depositor from the Commission regarding (x) information delivered
by the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian, the Trustee,
the Asset Representations Reviewer, a Servicing Function Participant or an Additional Servicer, as applicable (“Affected
Reporting Party”), (y) information regarding such Affected Reporting Party, and/or (z) information prepared by such
Affected Reporting Party or any registered public accounting firm, attorney or other agent retained by such party to prepare such
information, which information is contained in a report filed by the Depositor or any Other Depositor under the Reporting Requirements
and which comments are received subsequent to the Depositor’s or any Other Depositor’s filing of such report, the
Depositor or any Other Depositor shall promptly provide to such Affected Reporting Party any such comments which relate to such
Affected

 

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Reporting Party. Such Affected Reporting Party shall be responsible for timely preparing a written response to the Commission
for inclusion in the Depositor’s or any Other Depositor’s response to the Commission, unless such Affected Reporting
Party elects, with the consent of the Depositor or any Other Depositor, as applicable (which consent shall not be unreasonably
denied, withheld or delayed), to directly communicate with the Commission and negotiate a response and/or resolution with the
Commission; provided, if an Affected Reporting Party is a Servicing Function Participant or Additional Servicer retained
by the Master Servicer, the Master Servicer shall receive copies of all material communications pursuant to this paragraph. If
such election is made, the applicable Affected Reporting Party shall be responsible for directly negotiating such response and/or
resolution with the Commission in a timely manner; provided, that (i) such Affected Reporting Party shall use reasonable efforts
to keep the Depositor or any Other Depositor informed of its progress with the Commission and copy the Depositor or any Other
Depositor on all correspondence with the Commission and provide the Depositor or any Other Depositor with the opportunity to participate
(at the Depositor’s or Other Depositor’s expense) in any telephone conferences and meetings with the Commission and
(ii) the Depositor or any Other Depositor shall cooperate with such Affected Reporting Party in order to authorize such Affected
Reporting Party and its representatives to respond to and negotiate directly with the Commission with respect to any comments
from the Commission relating to such Affected Reporting Party and to notify the Commission of such authorization. The Depositor
(or any Other Depositor) and the applicable Affected Reporting Party shall cooperate and coordinate with one another with respect
to any requests made to the Commission for extension of time for submitting a response or compliance. All respective reasonable
out-of-pocket costs and expenses incurred by the Depositor or any Other Depositor (including reasonable legal fees and expenses
of outside counsel to the Depositor or any Other Depositor, as the case may be) in connection with the foregoing (other than those
costs and expenses required to be at the Depositor’s or any Other Depositor’s expense as set forth above) and any
amendments to any reports filed with the Commission related to the foregoing shall be promptly paid by the applicable Affected
Reporting Party upon receipt of an itemized invoice from the Depositor or any Other Depositor, as the case may be. Each of the
Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Custodian, the Asset Representations
Reviewer and the Trustee shall use commercially reasonable efforts to cause any Servicing Function Participant or Additional Servicer
retained by it to comply with the foregoing by inclusion of similar provisions (or by inclusion of a reference to, and an obligation
to comply with, this paragraph) in the related sub-servicing or similar agreement.

 

The
Master Servicer, the Special Servicer, the Operating Advisor, the Custodian, the Trustee, the Asset Representations Reviewer and
the Certificate Administrator shall cause each Servicing Function Participant of such party that is not a Mortgage Loan Seller
Sub-Servicer (and with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller Sub-Servicer,
shall use commercially reasonable efforts to cause such Servicing Function Participant) to indemnify and hold harmless each Certification
Party, the Depositor, each Other Depositor, any employee, director or officer of the Depositor or any Other Depositor, and each
other person, if any, who controls the Depositor or any Other Depositor within the meaning of either Section 15 of the Securities
Act or Section 20 of the Exchange Act from and against any and all claims, losses, damages, penalties, fines, forfeitures, legal
fees and expenses and related costs, judgments and any other costs, fees and expenses (including without limitation the costs
of investigation, legal defense and any amounts paid in settlement of any claim or

 

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litigation) incurred by such indemnified party
arising out of (i) a breach of its obligations to provide any of the annual compliance statements or annual servicing criteria
compliance reports or attestation reports pursuant to the applicable sub-servicing or primary servicing agreement, (ii) negligence,
bad faith or willful misconduct on its part in the performance of such obligations, (iii) other than in the case of the Operating
Advisor, any failure by a Servicer (as defined in Section 10.02(b)) to identify a Servicing Function Participant pursuant
to Section 10.02(c), or (iv) any Deficient Exchange Act Deliverable with respect to such Servicing Function Participant.

 

If
the indemnification provided for in, or contemplated by, any of the preceding paragraphs of this Section 10.12 is unavailable
or insufficient to hold harmless any Certification Party, the Depositor, any Other Depositor, any employee, director or officer
of the Depositor or any Other Depositor, or any other person who controls the Depositor or any Other Depositor within the meaning
of either Section 15 of the Securities Act or Section 20 of the Exchange Act, then the Master Servicer, the Special Servicer,
the Operating Advisor, the Certificate Administrator, the Trustee, the Asset Representations Reviewer, the Additional Servicer
or other Servicing Function Participant (the “Performing Party”) shall contribute to the amount paid or payable
to the indemnified party as a result of the losses, claims, damages or liabilities of the indemnified party in such proportion
as is appropriate to reflect the relative fault of the indemnified party on the one hand and the Performing Party on the other
in connection with a breach of the Performing Party’s obligations pursuant to this Article X (or breach of its obligations
under the applicable sub-servicing or primary servicing agreement to provide any of the annual compliance statements or annual
servicing criteria compliance reports or attestation reports) or the Performing Party’s negligence, bad faith or willful
misconduct in connection therewith. The Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Asset Representations
Reviewer and the Certificate Administrator shall cause each Servicing Function Participant of such party that is not a Mortgage
Loan Seller Sub-Servicer (and with respect to any Servicing Function Participant of such party that is a Mortgage Loan Seller
Sub-Servicer, shall use commercially reasonable efforts to cause such Servicing Function Participant) to agree to the foregoing
indemnification and contribution obligations. This Section 10.12 shall survive the termination of this Agreement or the
earlier resignation or removal of the Master Servicer, the Special Servicer, the Operating Advisor, the Trustee, the Asset Representations
Reviewer or the Certificate Administrator.

 

Section
10.13    Amendments. This Article X may be amended by the parties hereto pursuant to Section
12.07 of this Agreement for purposes of complying with Regulation AB, the Act or the Exchange Act and/or to conform to
standards developed within the commercial mortgage-backed securities market and the Sarbanes-Oxley Act or for purposes of
designating the Certifying Person without any Opinions of Counsel, Officer’s Certificates, Rating Agency Confirmations
or the consent of any Certificateholder, notwithstanding anything to the contrary contained in this Agreement.

 

Section
10.14    Regulation AB Notices. With respect to any notice required to be delivered by the Certificate Administrator
to the Depositor pursuant to this Article X, the Certificate Administrator may deliver such notice, notwithstanding any
contrary provision in this Agreement, via facsimile and electronic mail to [notice
address], or to such other address(es), facsimile numbers and/or electronic mail addresses as may be designated by
the Depositor.

 

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Section
10.15 Termination of the Certificate Administrator.
Notwithstanding anything to the contrary contained in this Agreement, the Depositor may terminate the Certificate Administrator
upon five (5) Business Days’ notice if the Certificate Administrator fails to comply with any of its obligations under this
Article X; provided that (a) such termination shall not be effective until a successor Certificate Administrator
shall have accepted the appointment, (b) the Certificate Administrator may not be terminated if (i) it cannot perform its obligations
due to its failure to properly prepare or file on a timely basis, on behalf of the Trust, any Form 8-K, Form 10-K or Form 10-D
or any amendments to such forms or any Form 12b-25 where such failure results from the Certificate Administrator’s inability
or failure to receive, within the exact time frames set forth in this Agreement any information, approval, direction or signature
from any other party hereto needed to prepare, arrange for execution or file any such Form 8-K, Form 10-K or Form 10-D or any
amendments to such forms or any Form 12b-25 not resulting from its own negligence, bad faith or willful misconduct, or (ii) following
the Certificate Administrator’s failure to comply with any of such obligations under this Article X on or prior to
the dates by which such obligations are to be performed pursuant to, and as set forth in, such Sections, the Certificate Administrator
subsequently complies with such obligations before the Depositor gives written notice to it that it is terminated in accordance
with this Section 10.15, and (c) if the Certificate Administrator’s failure to comply does not cause it to fail in
its obligations to timely file, on behalf of the Trust, the related Form 8-K, Form 10-D or Form 10-K, as the case may be, by the
related deadline for filing such Form 8-K, Form 10-D or Form 10-K, then the Depositor shall cease to have the right to terminate
the Certificate Administrator under this Section 10.15 on the date on which such Form 8-K, Form 10-D or Form 10-K is so
filed.

 

 

Section
10.16 Termination of the Master Servicer or the Special Servicer. Notwithstanding anything to the contrary contained in
this Agreement, the Depositor may terminate the Master Servicer or the Special Servicer upon five (5) Business Days’ notice
if the Master Servicer or the Special Servicer, as applicable, fails to comply with any of its respective obligations under this
Article X; provided that such termination shall not be effective until a successor master servicer or special servicer, as applicable,
shall have accepted the appointment.

 

Section
10.17 Termination of Sub-Servicing Agreements. For so long as the Trust or any Other Securitization Trust is subject to
the reporting requirements of the Exchange Act, each of the Master Servicer, the Special Servicer, the Custodian, the Certificate
Administrator, the Asset Representations Reviewer and the Trustee, as applicable, shall (i) cause each Sub-Servicing Agreement
(with respect to the Master Servicer or the Special Servicer) or sub-servicing agreement (with respect to any other Servicer)
to which it is a party to entitle the Depositor to terminate such agreement (without compensation, termination fee or the consent
of any other Person) at any time following any failure of the applicable Sub-Servicer or sub-servicer, as applicable, to deliver
any Exchange Act reporting items that such Sub-Servicer or sub-servicer, as applicable, is required to deliver under Regulation
AB or as otherwise contemplated by this Article X and (ii) promptly notify the Depositor following any failure of the applicable
Sub-Servicer or sub-servicer, as applicable, to deliver any Exchange Act reporting items that such Sub-Servicer or sub-servicer,
as applicable, is required to deliver under Regulation AB or as otherwise contemplated by this Article X. The Depositor
is hereby authorized to exercise the rights described in clause (i) of the preceding sentence in its sole discretion. The
rights of the Depositor to terminate a Sub-Servicing Agreement (with respect to

 

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the Master Servicer or the Special Servicer) or
sub-servicing agreement (with respect to any other Servicer) as aforesaid shall not limit any right Master Servicer, the Special
Servicer, the Custodian, the Certificate Administrator, the Asset Representations Reviewer or the Trustee, as applicable, may
have to terminate such Sub-Servicing Agreement or sub-servicing agreement, as applicable.

 

Section
10.18    Notification Requirements and Deliveries in Connection With Securitization of a Serviced Companion Loan.

 

(a)       Any
other provision of this Article X to the contrary notwithstanding, including, without limitation, any deadlines for delivery
set forth in this Article X, in connection with the requirements contained in this Article X that provide for the
delivery of information and other items to, and the cooperation with, the Other Depositor and Other Exchange Act Reporting Party
of any Other Securitization Trust that includes a Serviced Companion Loan, no party hereunder shall be obligated to provide any
such items to or cooperate with such Other Depositor or Other Exchange Act Reporting Party until the Other Depositor or Other
Exchange Act Reporting Party of such Other Securitization Trust has provided each party hereto with not less than 30 days written
notice (or, in each case, such shorter period as required for such Other Depositor or Other Exchange Act Reporting Party to comply
with related filing obligations, provided that (i) such Other Depositor or Other Exchange Act Reporting Party, as applicable,
has provided written notice as soon as reasonably practicable and, concurrently with such written notice, obtained verbal confirmation
of receipt of such written notice, in each case, in accordance with Section 11.04 of this Agreement and (ii) such period shall
not be less than 3 Business Days) (which shall only be required to be delivered once), (i) setting forth the contact information
for such Person(s) and, except as regards the deliveries and cooperation contemplated by Section 10.08, Section 10.09
and Section 10.10 of this Agreement, stating that such Other Securitization Trust is subject to the reporting requirements
of the Exchange Act, and (ii) specifying in reasonable detail the information and other items not otherwise specified in this
Agreement that are requested to be delivered; provided that if Exchange Act reporting is being requested, such Other Depositor
or Other Exchange Act Reporting Party is only required to provide a single written notice to such effect; provided further,
that this notice requirement does not apply to any Serviced Companion Loan that is included in any Other Securitization as of
the Closing Date. Any reasonable cost and expense of the Master Servicer, Special Servicer, Operating Advisor, Custodian, Trustee,
Asset Representations Reviewer and Certificate Administrator in cooperating with such Other Depositor or Other Exchange Act Reporting
Party of such Other Securitization Trust (above and beyond their expressed duties hereunder) shall be the responsibility of such
Other Depositor or Other Securitization Trust. The parties hereto shall have the right to confirm in good faith with the Other
Depositor of such Other Securitization Trust as to whether applicable law requires the delivery of the items identified in this
Article X to such Other Depositor and Other Exchange Act Reporting Party of such Other Securitization Trust prior to providing
any of the reports or other information required to be delivered under this Article X in connection therewith and (i) upon
such confirmation, the parties shall comply with the deadlines for delivery set forth in this Article X with respect to
such Other Securitization Trust or (ii) in the absence of such confirmation, the parties shall not be required to deliver such
items; provided that no such confirmation will be required in connection with any delivery of the items contemplated by
Section 10.08, Section 10.09 and Section 10.10 of this Agreement. Such confirmation shall be deemed given
if the Other Depositor or Other Exchange

 

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Act Reporting Party for the Other Securitization Trust provides a written statement to
the effect that the Other Securitization Trust is subject to the reporting requirements of the Exchange Act and the appropriate
party hereto receives such written statement. The parties hereunder shall also have the right to require that such Other Depositor
provide them with the contact details of such Other Depositor, Other Exchange Act Reporting Party and any other parties to the
Other Pooling and Servicing Agreement relating to such Other Securitization Trust.

 

(b)       Each
of the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee shall, upon reasonable prior written
request given in accordance with the terms of Section 10.18(a) above, and subject to a right of the Master Servicer, Special
Servicer, the Certificate Administrator or Trustee, as the case may be, to review and approve such disclosure materials, permit
a holder of a related Serviced Companion Loan to use such party’s description contained in the Prospectus (updated as appropriate
by the Master Servicer, the Special Servicer, Certificate Administrator or Trustee, as applicable, at the reasonable cost of the
Other Depositor or the holder of such Serviced Companion Loan) for inclusion in the disclosure materials relating to any securitization
of a Serviced Companion Loan.

 

(c)       The
Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee, upon reasonable prior written request given
in accordance with the terms of Section 10.18(a) above, shall each timely provide (to the extent the reasonable cost thereof
is paid or caused to be paid by the Other Depositor or the holder of the related Serviced Companion Loan) to the Other Depositor
and any underwriters with respect to any securitization transaction that includes a Serviced Companion Loan such opinion(s) of
counsel, certifications and/or indemnification agreement(s) with respect to the updated description referred to in Section
10.18(b) with respect to such party, substantially identical to those, if any, delivered by the Master Servicer, the Special
Servicer, the Trustee or the Certificate Administrator, as the case may be, or their respective counsel, in connection with the
information concerning such party in the Prospectus and/or any other disclosure materials relating to this Trust (updated as deemed
appropriate by the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator, or their respective legal
counsel, as the case may be). None of the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator
shall be obligated to deliver any such item with respect to the securitization of a Serviced Companion Loan if it did not deliver
a corresponding item with respect to this Trust.

 

(d)       Each
of the Master Servicer, the Special Servicer, the Trustee and the Certificate Administrator, upon reasonable prior written request
given in accordance with the terms of Section 10.18(a) above, shall provide (to the extent the reasonable cost thereof
is paid or caused to be paid by the applicable party set forth below in this Section 10.18(d)) to the Other Depositor and
the trustee under the Other Pooling and Servicing Agreement related to any Other Securitization Trust the following: (i) any information
(including, but not limited to, disclosure information) required for such Other Securitization Trust to comply in a timely manner
with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K and (ii) such opinion(s) of counsel, certifications
and/or indemnification agreement(s) with respect to such information that are substantially similar to those delivered by the
Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator, as the case may be, or their respective counsel,
in connection with the information concerning such party in the Prospectus and/or any other disclosure materials relating to this
Trust.

 

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In
the case of a Form 8-K that is filed by or on behalf of an Other Securitization Trust in connection with the closing of this [series
designation] securitization transaction, the reasonable cost of the information, opinion(s) of counsel, certifications
and indemnification agreement(s) provided by or on behalf of the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee, as the case may be, pursuant to this Section 10.18(d) shall be paid or caused to be paid by the related
Other Depositor or the applicable Serviced Companion Loan Holder that transferred the related Serviced Companion Loan to the related
Other Depositor for inclusion in such Other Securitization Trust.

 

In
the case of a Form 8-K that is filed by or on behalf of an Other Securitization Trust as a result of the termination, removal,
resignation or any other replacement of the Master Servicer, the Special Servicer, the Trustee or the Certificate Administrator
under this Agreement, the reasonable cost of the information, opinion(s) of counsel, certifications and indemnification agreement(s)
provided by or on behalf of the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as the case
may be, pursuant to this Section 10.18(d) shall be paid or caused to be paid by the same party or parties required to pay
the costs and expenses relating to such termination, removal, resignation or other replacement pursuant to this Agreement.

 

Section
10.19 Termination of Exchange Act Filings With Respect to the Trust.
On or prior to January 30th of the first year in which the Depositor shall provide notice to the Certificate Administrator of
its ability under applicable law, to suspend its Exchange Act filings with respect to the Trust, the Certificate Administrator
shall prepare and file a Form 15 Suspension Notification relating to the automatic suspension of reporting in respect of the Trust
under the Exchange Act or any other form necessary to be filed with the Commission to suspend such reporting obligations. With
respect to any reporting period occurring after the filing of such form, the obligations of the parties to this Agreement under
Section 10.04, Section 10.05, Section 10.06 and Section 10.07, solely insofar as they relate to the
Trust, shall be suspended. The Certificate Administrator shall provide prompt notice to the Mortgage Loan Sellers and all other
parties hereto that such form has been filed. If, after the filing of a Form 15 Suspension Notification or other applicable form,
the Depositor shall provide notice to the Certificate Administrator that it is required to resume its Exchange Act filings with
respect to the Trust, the Certificate Administrator shall recommence preparing and filing reports on Forms 10-K, 10-D and 8-K
with respect to the Trust as required pursuant to Section 10.04, Section 10.05, Section 10.06 and Section 10.07,
and all parties’ obligations under this Article X shall recommence.

 

Article
XI

 

THE
ASSET REPRESENTATIONS REVIEWER

 

Section
11.01    Asset Review.

 

(a)       On
or prior to each Distribution Date, based on the CREFC® Delinquent Loan Status Report and/or the CREFC®
Loan Periodic Update File delivered by the Master Servicer for such Distribution Date, the Certificate Administrator shall
determine if an Asset Review Trigger has occurred during the related Collection Period. If an Asset Review Trigger is

 

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determined
to have occurred, the Certificate Administrator shall promptly provide notice to the Asset Representations Reviewer, the Master
Servicer, the Special Servicer and all Certificateholders. Any notice required to be delivered to the Certificateholders pursuant
to this Article XI shall be delivered by the Certificate Administrator (i) by posting such notice on the Certificate Administrator’s
Website and (ii) by mailing such notice to the Certificateholders’ addresses appearing in the Certificate Register in the
case of Definitive Certificates and by delivering such notice via the Depository in the case of Book-Entry Certificates. The Certificate
Administrator shall include in the Form 10-D relating to the Collection Period in which the Asset Review Trigger occurred, notice
of its determination together with the following statement describing the events that caused the Asset Review Trigger to occur:
“As of the [Date of Distribution], the following Mortgage Loans identified below are 60 or more days delinquent and an Asset
Review Trigger as defined in the Pooling and Servicing Agreement has occurred.” On each Distribution Date occurring after
providing such notice to Certificateholders, the Certificate Administrator, based on information provided to it by the Master
Servicer and/or the Special Servicer, as applicable, shall determine whether (1) any additional Mortgage Loan has become a Delinquent
Loan, (2) any Mortgage Loan has ceased to be a Delinquent Loan and (3) whether an Asset Review Trigger has ceased to exist, and,
if there is an occurrence of any of the events or circumstances identified in clauses (1), (2) and/or (3),
deliver such information in a written notice (which may be via email) in the form of Exhibit LL within [two (2) Business
Days] of such determination to the Master Servicer, the Special Servicer, the Operating Advisor and the Asset Representations
Reviewer.

 

If
Certificateholders evidencing not less than 5% of the aggregate Voting Rights of the Certificates deliver to the Certificate Administrator,
within 90 days after the filing of the Form 10-D reporting the occurrence of an Asset Review Trigger, a written direction requesting
a vote to commence an Asset Review (an “Asset Review Vote Election”), then the Certificate Administrator shall
promptly provide written notice thereof to the Asset Representations Reviewer and to all Certificateholders and conduct a solicitation
of votes in accordance with Section 5.12 regarding whether to authorize an Asset Review. In the event there is an affirmative
vote to authorize an Asset Review by Holders of Certificates evidencing at least a majority of an Asset Review Quorum within 150
days of receipt of the Asset Review Vote Election (an “Affirmative Asset Review Vote”), the Certificate Administrator
shall promptly provide written notice thereof (the “Asset Review Notice”) to all parties to this Agreement,
the Underwriters, the Mortgage Loan Sellers, the Directing Holder[, the Risk Retention Consultation Party]1 and
the other Certificateholders (such notice to Certificateholders to be effected by posting such notice on the Certificate Administrator’s
Website and by mailing such notice to the Certificateholders’ addresses appearing in the Certificate Register in the case
of Definitive Certificates and by delivering such notice via the Depository in the case of Book-Entry Certificates). Upon receipt
of an Asset Review Notice, the Asset Representations Reviewer shall request access to the Secure Data Room by providing the Certificate
Administrator with a certification substantially in the form attached hereto as Exhibit KK. Upon receipt of such certification,
the Certificate Administrator shall grant the Asset Representations Reviewer access to the Secure Data Room. In the event an Affirmative
Asset Review Vote has not occurred

 

 

 

1
Include for transactions where the sponsor satisfies all or part of its risk retention obligations through retention of
a vertical interest.

 

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within such 150-day period following the receipt of the Asset Review Vote Election, no Certificateholder
may request a vote or cast a vote for an Asset Review and the Asset Representations Reviewer will not be required to review any
Delinquent Loan unless and until (A) an additional Mortgage Loan has become a Delinquent Loan after the expiration of such 150-day
period, (B) a new Asset Review Trigger has occurred as a result or an Asset Review Trigger is otherwise in effect, (C) the Certificate
Administrator has received an Asset Review Vote Election within 90 days after the filing of a Form 10-D reporting the occurrence
of the events described in clauses (A) and (B) in this sentence and (D) an Affirmative Asset Review Vote has occurred within 150
days after the Asset Review Vote Election described in clause (C) in this sentence. After the occurrence of any Asset Review Vote
Election or an Affirmative Asset Review Vote, no Certificateholder may make any additional Asset Review Vote Election except as
described in the immediately preceding sentence. Any reasonable out-of-pocket expenses incurred by the Certificate Administrator
in connection with administering such vote will be paid as an expense of the Trust from the Collection Account. The Certificate
Administrator shall be entitled to administer any vote in connection with the foregoing through an agent.

 

(b)       (i)
Upon receipt from the Certificate Administrator of an Asset Review Notice with respect to a Delinquent Loan, the Custodian (with
respect to clauses (1) – (5) below for all of the Mortgage Loans), the Master Servicer (with respect to clause
(6) below for Non-Specially Serviced Loans) and the Special Servicer (with respect to clause (6) below for Specially
Serviced Loans) shall promptly (but (except with respect to clause (6)) in no event later than ten (10) Business Days after receipt
of such notice from the Certificate Administrator) provide, in electronic format, the following materials for such Delinquent
Loan, in each case to the extent in such party’s possession, to the Asset Representations Reviewer (collectively, with the
Diligence Files posted on the Secure Data Room by the Certificate Administrator pursuant to Section 4.09, a copy of the
Prospectus, a copy of each related Mortgage Loan Purchase Agreement and a copy of this Agreement, the “Review Materials”):

 

(1)       a
copy of an assignment of the Mortgage in favor of the Trustee, with evidence of recording thereon, for each Delinquent Loan that
is subject to an Asset Review;

 

(2)       a
copy of an assignment of any related Assignment of Leases (if such item is a document separate from the Mortgage) in favor of
the Trustee, with evidence of recording thereon, related to each Delinquent Loan that is subject to an Asset Review;

 

(3)       
a copy of the assignment of all unrecorded documents relating to each Delinquent Loan that is subject to an Asset Review, if not
already covered pursuant to items (1) or (2) above;

 

(4)       a
copy of all filed copies (bearing evidence of filing) or evidence of filing of any UCC financing statements related to each Delinquent
Loan that is subject to an Asset Review;

 

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(5)       a
copy of an assignment in favor of the Trustee of any financing statement executed and filed in the relevant jurisdiction related
to each Delinquent Loan that is subject to an Asset Review; and

 

(6)       any
other related documents that are required to be part of the Review Materials and requested to be delivered by the Master Servicer
(with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans) to the Asset
Representations Reviewer pursuant to clause (vii) below of this Section 11.01(b).

 

(ii)        Notwithstanding
the foregoing, the Mortgage Loan Seller will not be required to deliver any information that is proprietary to the Mortgage Loan
Seller or any draft documents, privileged or internal communications, credit underwriting or due diligence analysis.

 

(iii)       The
Asset Representations Reviewer may, but is under no obligation to, consider and rely upon information furnished to it by a Person
that is not a party to this Agreement or the applicable Mortgage Loan Seller, and shall do so only if such information can be
independently verified (without unreasonable effort or expense to the Asset Representations Reviewer) and is determined by the
Asset Representations Reviewer in its good faith and sole discretion to be relevant to the Asset Review conducted pursuant to
this Section 11.01 (any such information, “Unsolicited Information”).

 

(iv)      Upon
receipt by the Asset Representations Reviewer of the Asset Review Notice and access to the Diligence Files posted to the Secure
Data Room with respect to a Delinquent Loan, the Asset Representations Reviewer, as an independent contractor, shall commence
a review of the compliance of each Delinquent Loan with the representations and warranties related to that Delinquent Loan (such
review, the “Asset Review”). The Asset Representations Reviewer shall perform an Asset Review with respect
to each representation and warranty made by the related Mortgage Loan Seller with respect to such Delinquent Loan in accordance
with the Asset Review Standard and the procedures set forth on Exhibit JJ (each such procedure, a “Test”).
Once an Asset Review of a Mortgage Loan is completed, no further Asset Review shall be required in respect of, or performed on,
such Mortgage Loan notwithstanding that such Mortgage Loan may continue to be a Delinquent Loan or again become a Delinquent Loan
at a time when a new Asset Review Trigger occurs and a new Affirmative Asset Review Vote is obtained subsequent to the occurrence
of such new Asset Review Trigger.

 

(v)       No
Certificateholder shall have the right to change the scope of the Asset Review, and the Asset Representations Reviewer shall not
be required to review any information other than (1) the Review Materials and (2) if applicable, Unsolicited Information.

 

(vi)      The
Asset Representations Reviewer may, absent manifest error and subject to the Asset Review Standard, (i) assume, without independent
investigation or

 

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verification, that the Review Materials are accurate and complete in all material respects and (ii) conclusively
rely on such Review Materials.

 

(vii)      In
connection with an Asset Review, the Asset Representations Reviewer shall comply with the following procedures with respect to
each Delinquent Loan:

 

(A)       Within
10 Business Days after the date on which the Review Materials identified in clauses (i) through (v) of the definition of “Review
Materials” have been received by the Asset Representations Reviewer with respect to such Delinquent Loan or in any event
within 15 days after the date on which access to the Secure Data Room is provided to the Asset Representations Reviewer by the
Certificate Administrator, in the event that the Asset Representations Reviewer reasonably determines that any Review Materials
made available or delivered to the Asset Representations Reviewer are missing any documents required to complete any Test for
such Delinquent Loan, the Asset Representations Reviewer shall promptly notify the Master Servicer (with respect to Non-Specially
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans), as applicable, of such missing documents,
and request that the Master Servicer or the Special Servicer, as applicable, promptly (but in no event later than 10 Business
Days after receipt of notification from the Asset Representations Reviewer) deliver to the Asset Representations Reviewer such
missing documents in its possession; provided that any such notification and/or request shall be in writing, specifically identifying
the documents being requested and sent to the notice address for the related party set forth in Section 12.04 of this Agreement.
In the event any missing documents are not provided by the Master Servicer or the Special Servicer, as applicable, within such
10-Business Day period, the Asset Representations Reviewer shall request such documents from the related Mortgage Loan Seller;
provided that the Mortgage Loan Seller will be required under the related Mortgage Loan Purchase Agreement to deliver any
such missing documents only to the extent such documents are in the possession of the Mortgage Loan Seller; and provided,
further, that the Mortgage Loan Seller will not be required to provide any documents that are proprietary to the related
originator or the Mortgage Loan Seller or any draft documents, privileged or internal communications, credit underwriting or due
diligence analysis.

 

(B)       Following
the events in clause (A) above, and within 45 days after the date on which access to the Secure Data Room is provided to the Asset
Representations Reviewer by the Certificate Administrator, the Asset Representations Reviewer shall prepare a preliminary report
with respect to such Delinquent Loan setting forth (i) the preliminary results of the application of the Tests, (ii) if applicable,
whether the Review Materials for such Delinquent Loan are insufficient to complete any Test, (iii) a list of any applicable missing
documents together with the reasons why such missing documents are necessary to complete any Test, and (iv) (if the Asset Representations
Reviewer has so concluded) whether the absence of such documents will be deemed to be a failure of such Test (collectively, the
“Preliminary Asset Review Report”). The Asset

 

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Representations Reviewer shall provide each Preliminary Asset
Review Report to the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to Specially
Serviced Loans), who shall promptly, but in no event later than 10 Business Days of receipt thereof, provide the Preliminary Asset
Review Report to the applicable Mortgage Loan Seller. The Asset Representations Reviewer shall include the following statement
in the related correspondence when providing each Preliminary Asset Review Report to the Master Servicer (with respect to Non-Specially
Serviced Loans) or the Special Servicer (with respect to Specially Serviced Loans): “This is a Preliminary Asset Review
Report regarding an Asset Review under Section 11.01 of the Pooling and Servicing Agreement relating to the [NAME OF ISSUING ENTITY],
Commercial Mortgage Pass-Through Certificates, [SERIES DESIGNATION], requiring action by you as the recipient of such Preliminary
Asset Review Report. You are required to deliver the Preliminary Asset Review Report to the applicable Mortgage Loan Seller no
later than 10 Business Days after receipt of the Preliminary Asset Review Report.” If the Preliminary Asset Review Report
indicates that any of the representations and warranties fails or is deemed to fail any Test, the applicable Mortgage Loan Seller
shall have 90 days from its receipt of the Preliminary Asset Review Report (the “Cure/Contest Period”) to remedy
or otherwise refute the failure. The applicable Mortgage Loan Seller will be required under the related Mortgage Loan Purchase
Agreement to provide any documents or any explanations to support (i) a conclusion that a subject representation and warranty
has not failed a Test or (ii) a claim that any missing documents in the Review Materials are not required to complete a Test,
in any such case to the Master Servicer (with respect to Non-Specially Serviced Loans) or the Special Servicer (with respect to
Specially Serviced Loans), and the Master Servicer or the Special Servicer, as applicable, shall promptly, but in no event later
than ten (10) Business Days after receipt from the applicable Mortgage Loan Seller, deliver to the Asset Representations Reviewer
any such documents or explanations received from the applicable Mortgage Loan Seller given to support a claim that the representation
and warranty has not failed a Test or a claim that any missing documents in the Review Materials are not required to complete
a Test.

 

(C)       Within
the later of (x) 60 days after the date on which access to the Secure Data Room is provided to the Asset Representations Reviewer
by the Certificate Administrator, and (y) 10 Business Days after the expiration of the Cure/Contest Period, the Asset Representations
Reviewer shall complete an Asset Review with respect to each Delinquent Loan and deliver (i) a report, substantially in the form
attached hereto as Exhibit HH, setting forth the Asset Representations Reviewer’s findings and conclusions as to
whether or not it has determined there is any evidence of a failure of any Test based on the Asset Review, together with a statement
that the Asset Representations Reviewer’s findings and conclusions set forth in such report were not influenced by any third
party (an “Asset Review Report”), to each party to this Agreement, the related Mortgage Loan Seller and the
Controlling Class Representative (if such Delinquent Loan is not an Excluded Mortgage Loan), and (ii) a summary of the

 

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Asset Representations
Reviewer’s conclusions included in such Asset Review Report (an “Asset Review Report Summary”), substantially
in the form attached hereto as Exhibit II, to the Trustee and Certificate Administrator (who shall include such Asset Review Report
Summary in the Form 10-D relating to the Collection Period in which such Asset Review Report Summary is received and post such
Asset Review Report Summary on the Certificate Administrator’s Website in accordance with Section 10.04(e)). The
period of time by which the Asset Review Report must be completed and delivered may be extended by up to an additional 30 days,
upon written notice to the parties to this Agreement and the applicable Mortgage Loan Seller(s), if the Asset Representations
Reviewer determines pursuant to the Asset Review Standard that such additional time is required due to the characteristics of
the Delinquent Loan(s) and/or the Mortgaged Property or Mortgaged Properties. In addition, in the event that the Asset Representations
Reviewer does not receive any documentation that it requested from the Master Servicer (with respect to Performing Serviced Loans),
the Special Servicer (with respect to Specially Serviced Loans) or the applicable Mortgage Loan Seller in sufficient time to allow
the Asset Representations Reviewer to complete its Asset Review and deliver an Asset Review Report, the Asset Representations
Reviewer shall prepare the Asset Review Report solely based on the documents received by the Asset Representations Reviewer with
respect to the related Delinquent Loan, and the Asset Representations Reviewer shall have no responsibility to independently obtain
any such documents from any party to this or otherwise.

 

(viii)    Within
thirty (30) days after receipt of an Asset Review Report with respect to any Mortgage Loan, the Enforcing Servicer shall determine,
based on the Servicing Standard, whether there exists a Material Defect with respect to such Mortgage Loan. If the Enforcing Servicer
determines that a Material Defect exists, the Enforcing Servicer shall enforce the obligations of the related Mortgage Loan Seller
with respect to such Material Defect in accordance with Section 2.03(a).

 

(ix)       In
no event may the Asset Representations Reviewer determine whether any Test failure constitutes a Material Defect, or whether the
Trust should enforce any rights it may have against the applicable Mortgage Loan Seller, which, in each case, shall be the responsibility
of the Enforcing Servicer pursuant to Section 2.03(a) or Section 11.01(b)(viii) of this Agreement.

 

(c)       The
Asset Representations Reviewer and its Affiliates shall keep confidential any Privileged Information received from any party to
this Agreement or any Sponsor (including, without limitation, in connection with the review of the Mortgage Loans) and not disclose
such Privileged Information to any Person (including Certificateholders), other than (1) to the extent expressly required by this
Agreement in an Asset Review Report or otherwise, to the other parties to this Agreement with a notice indicating that such information
is Privileged Information or (2) pursuant to a Privileged Information Exception. Each party to this Agreement that receives Privileged
Information from the Asset Representations Reviewer with a notice stating that such information is Privileged Information shall
not disclose such Privileged Information to any Person without the prior written consent of the Special Servicer other than

 

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pursuant
to a Privileged Information Exception. In addition, the Asset Representations Reviewer shall keep all documents and information
received by the Asset Representations Reviewer in connection with an Asset Review that are provided by the applicable Mortgage
Loan Seller, the Master Servicer and the Special Servicer confidential and shall not disclose such documents except for purposes
of complying with its duties and obligations hereunder.

 

(d)       The
Asset Representations Reviewer may delegate its duties to agents or subcontractors so long as the related agreements or arrangements
with such agents or subcontractors are consistent with the provisions of this Section 11.01; provided that no agent
or subcontractor may (i) be affiliated with any Mortgage Loan Seller, Master Servicer, Special Servicer, the Depositor, the Certificate
Administrator, the Trustee, the Controlling Class Representative or any of their respective Affiliates or (ii) have been paid
any fees, compensation or other remuneration by an Underwriter, Master Servicer, Special Servicer, the Depositor, the Certificate
Administrator, the Trustee, the Controlling Class Representative or any of their respective Affiliates in connection with due
diligence or other services with respect to any Mortgage Loan prior to the Closing Date. Notwithstanding the foregoing sentence,
the Asset Representations Reviewer shall remain obligated and primarily liable for any Asset Review required hereunder in accordance
with the provisions of this Agreement without diminution of such obligation or liability or related obligation or liability by
virtue of such delegation or arrangements or by virtue of indemnification from any Person acting as its agents or subcontractor
to the same extent and under the same terms and conditions as if the Asset Representations Reviewer alone were performing its
obligations under this Agreement. The Asset Representations Reviewer shall be entitled to enter into an agreement with any agent
or subcontractor providing for indemnification of the Asset Representations Reviewer by such agent or subcontractor, and nothing
contained in this Agreement shall be deemed to limit or modify such indemnification.

 

(e)       With
respect to any Delinquent Loan that is an Outside Serviced Mortgage Loan, to the extent any documents required by the Asset Representations
Reviewer to complete a Test are missing or have not been received from the related Mortgage Loan Seller, the Asset Representations
Reviewer shall request such document(s) from the related Outside Servicer (if such Outside Serviced Mortgage Loan is being serviced
by an Outside Servicer) or the related Outside Special Servicer (if such Outside Serviced Mortgage Loan is being serviced by an
Outside Special Servicer), the related Outside Trustee and the related Outside Certificate Administrator (and, in each case, such
other party as contemplated under the related Outside Servicing Agreement or related Co-Lender Agreement).

 

Section
11.02    Payment of Asset Representations Reviewer Fees and Expenses; Limitation of Liability.

 

(a)       As
compensation for the performance of its routine duties, the Asset Representations Reviewer shall be paid as an ongoing fee (the
“Asset Representations Reviewer Ongoing Fee”), payable monthly from amounts received in respect of each Mortgage
Loan (including any Outside Serviced Mortgage Loan), and for any Distribution Date an amount accrued during the related Interest
Accrual Period at [_______]% per annum (the “Asset Representations Reviewer Ongoing Fee Rate”) on, in
the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution

 

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Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in such Interest
Accrual Period, and shall be calculated on the same interest accrual basis as such Mortgage Loan and prorated for any partial
periods. The Asset Representations Reviewer Ongoing Fee shall be payable from amounts on deposit in the Collection Account as
set forth in Section 3.06(a).

 

(b)       Upon
the completion of an Asset Review with respect to each Delinquent Loan and receipt by the related Mortgage Loan Seller of a written
invoice from the Asset Representations Reviewer, the related Mortgage Loan Seller is required under the related Mortgage Loan
Purchase Agreement to pay to the Asset Representations Reviewer within forty-five (45) days after such written invoice a fee (the
“Asset Representations Reviewer Asset Review Fee”) that is equal to (i) $[_____] plus $[_____] per additional
Mortgaged Property with respect to a Delinquent Loan with a Cut-off Date Balance less than $[20,000,000], (ii) $[_____] plus $[_____]
per additional Mortgaged Property with respect to a Delinquent Loan with a Cut-off Date Balance equal to or greater than $[20,000,000
but less than $40,000,000] or (iii) $[_____] plus $[_____] per additional Mortgaged Property with respect to a Delinquent Loan
with a Cut-off Date Balance equal to or greater than $[40,000,000]. The Asset Representations Reviewer Asset Review Fee with respect
to each Delinquent Loan shall be paid by the related Mortgage Loan Seller; provided, however, that if (i) the related
Mortgage Loan Seller is insolvent or (ii) the related Mortgage Loan Seller fails to pay such amount within 90 days following receipt
of the Asset Representations Reviewer’s invoice, then such fee shall be paid by the Trust Fund following delivery by the
Asset Representations Reviewer of evidence reasonably satisfactory to the Special Servicer of such insolvency or failure to pay
such amount; and provided, further, that notwithstanding any payment of such fee by the Trust to the Asset Representations
Reviewer, such fee will remain an obligation of the related Mortgage Loan Seller, and the Special Servicer shall determine whether
to pursue (and, if it determines to do so, shall pursue) remedies against such Mortgage Loan Seller or its insolvency estate to
recover any such amounts to the extent paid by the Trust. If paid by the Trust Fund as described in the immediately preceding
sentence, the Asset Representations Reviewer Asset Review Fee with respect to each Delinquent Loan shall be payable from funds
on deposit in the Collection Account as set forth in Section 3.06(a).

 

(c)       Notwithstanding
the foregoing, the Asset Representations Reviewer Asset Review Fee with respect to a Delinquent Loan shall be included in the
Purchase Price for any such Delinquent Loan that was the subject of a completed Asset Review that is repurchased by a Mortgage
Loan Seller, and such portion of the Purchase Price received shall be used to reimburse the Asset Representations Reviewer or
the Trust, as the case may be, for such fees pursuant to Section 11.02(b).

 

(d)       The
Asset Representations Reviewer shall be liable in accordance herewith only to the extent of the obligations specifically imposed
by this Agreement.

 

Section
11.03    Resignation of the Asset Representations Reviewer. The Asset Representations Reviewer may resign
and be discharged from its obligations hereunder by giving written notice thereof to the other parties to this Agreement and each
Rating Agency. In addition, the Asset Representations Reviewer shall at all times be an Eligible Asset Representations Reviewer,
and shall resign if it fails to be an Eligible Asset Representations

 

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Reviewer (and
such failure results in an Asset Representations Reviewer Termination Event) by giving written notice to the Depositor, the Master
Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Certificate Administrator and the Directing Holder. Upon
such notice of resignation, the Depositor shall promptly appoint a successor asset representations reviewer that is an Eligible
Asset Representations Reviewer. No resignation of the Asset Representations Reviewer will be effective until a successor Asset
Representations Reviewer that is an Eligible Asset Representations Reviewer has been appointed and accepted the appointment. If
no successor Asset Representations Reviewer shall have been so appointed and have accepted appointment within 30 days after the
giving of such notice of resignation, the resigning Asset Representations Reviewer may petition any court of competent jurisdiction
for the appointment of a successor asset representations reviewer that is an Eligible Asset Representations Reviewer. The Asset
Representations Reviewer shall bear all costs and expenses of each party hereto and each Rating Agency in connection with its
resignation and the transfer of its duties.

 

Section
11.04   Restrictions of the Asset Representations Reviewer. Neither the Asset Representations Reviewer nor any
of its Affiliates shall make any investment in any Class of Certificates; provided, however, that such prohibition shall not apply
to (i) riskless principal transactions effected by a broker dealer Affiliate of the Asset Representations Reviewer or (ii) investments
by an Affiliate of the Asset Representations Reviewer if the Asset Representations Reviewer and such Affiliate maintain policies
and procedures that (A) segregate personnel involved in the activities of the Asset Representations Reviewer under this Agreement
from personnel involved in such Affiliate’s investment activities and (B) prevent such Affiliate and its personnel from
gaining access to information regarding the Trust and the Asset Representations Reviewer and its personnel from gaining access
to such Affiliate’s information regarding its investment activities.

 

Section
11.05    Termination of the Asset Representations Reviewer.

 

(a)       An
“Asset Representations Reviewer Termination Event” means any one of the following events whether it shall be
voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body:

 

(i)        any
failure by the Asset Representations Reviewer to observe or perform in any material respect any of its covenants or agreements
or the material breach of any of its representations or warranties under this Agreement, which failure shall continue unremedied
for a period of thirty (30) days after the date on which written notice of such failure is given to the Asset Representations
Reviewer by the Trustee or to the Asset Representations Reviewer and the Trustee by the Holders of Certificates having greater
than 25% of the aggregate Voting Rights; provided, however, that with respect to any such failure which is not curable
within such 30-day period, the Asset Representations Reviewer will have an additional cure period of 30 days to effect such cure
so long as it has commenced to cure such failure within the initial 30-day period and has provided the Trustee and the Certificate
Administrator with an Officer’s Certificate certifying that it has diligently pursued, and is continuing to pursue, such
cure;

 

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(ii)       any
failure by the Asset Representations Reviewer to perform its obligations hereunder in accordance with the Asset Review Standard
in any material respect, which failure shall continue unremedied for a period of thirty (30) days after the date written notice
of such failure is given to the Asset Representations Reviewer by any party to this Agreement;

 

(iii)      any
failure by the Asset Representations Reviewer to be an Eligible Asset Representations Reviewer, which failure shall continue unremedied
for a period of thirty (30) days;

 

(iv)      a
decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under
any present or future federal or state bankruptcy, insolvency or similar law for the appointment of a conservator or receiver
or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the
winding-up or liquidation of its affairs, shall have been entered against the Asset Representations Reviewer, and such decree
or order shall have remained in force undischarged or unstayed for a period of sixty (60) days;

 

(v)       the
Asset Representations Reviewer shall consent to the appointment of a conservator or receiver or liquidator or liquidation committee
in any insolvency, readjustment of debt, marshaling of assets and liabilities, voluntary liquidation, or similar proceedings of
or relating to the Asset Representations Reviewer or of or relating to all or substantially all of its property; or

 

(vi)      the
Asset Representations Reviewer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors,
or voluntarily suspend payment of its obligations.

 

Upon
receipt by the Certificate Administrator of written notice of the occurrence of any Asset Representations Reviewer Termination
Event, the Certificate Administrator shall promptly provide written notice to all Certificateholders (and simultaneously deliver
such written notice to the Asset Representations Reviewer) in accordance with the notice distribution procedures described in
Section 11.01(a), unless the Certificate Administrator has received written notice that such Asset Representations Reviewer
Termination Event has been remedied. If an Asset Representations Reviewer Termination Event shall occur then, and in each and
every such case, so long as such Asset Representations Reviewer Termination Event shall not have been remedied, either the Trustee
(i) may or (ii) upon the written direction of holders of Certificates evidencing not less than [25]% of the Voting Rights (without
regard to the application of any Appraisal Reduction Amounts), shall, terminate all of the rights and obligations of the Asset
Representations Reviewer under this Agreement, other than rights and obligations accrued prior to such termination (including
the right to receive all amounts accrued and owing to it under this Agreement) and other than indemnification rights (arising
out of events occurring prior to such termination), by notice in writing to the Asset Representations Reviewer. The Asset Representations
Reviewer is required to bear all reasonable costs and expenses of itself and of each other party to this Agreement in connection
with its termination due to an Asset Representations Reviewer Termination Event. Notwithstanding anything herein

 

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to the contrary,
the Depositor and each Mortgage Loan Seller shall have the right, but not the obligation, to notify the Certificate Administrator
and the Trustee of any Asset Representations Reviewer Termination Event of which it becomes aware.

 

(b)       Upon
(i) the written direction of holders of Certificates evidencing not less than [25]% of the Voting Rights (without regard to the
application of any Appraisal Reduction Amounts) requesting a vote to terminate and replace the Asset Representations Reviewer
with a proposed successor asset representations reviewer that is an Eligible Asset Representations Reviewer and (ii) payment by
such Holders to the Certificate Administrator of the reasonable fees and expenses to be incurred by the Certificate Administrator
in connection with administering such vote, the Certificate Administrator shall promptly provide written notice of such requested
vote to the Asset Representations Reviewer and to all Certificateholders by (i) posting such notice on the Certificate Administrator’s
Website, and (ii) mailing such notice to all Certificateholders at their addresses appearing in the Certificate Register and to
the Asset Representations Reviewer. Upon the affirmative vote of the Holders of Certificates evidencing at least [75]% of the
Voting Rights allocable to the Certificates of those Holders that exercise their right to vote (provided that Holders representing
the applicable Certificateholder Quorum exercise their right to vote within [180] days of the initial request for a vote (which,
for the avoidance of doubt, is the date on which the aforementioned notice was mailed to the Certificateholders)), the Trustee
shall terminate all of the rights and obligations of the Asset Representations Reviewer under this Agreement (other than any rights
or obligations that accrued prior to the date of such termination and other than indemnification rights arising out of events
occurring prior to such termination) by notice in writing to the Asset Representations Reviewer and appoint the proposed successor.
As between the Asset Representations Reviewer, on the one hand, and the Certificateholders, on the other, the Certificateholders
shall be entitled in their sole discretion to vote for the termination or not vote for the termination of the Asset Representations
Reviewer. In the event that Holders of the Certificates entitled to at least [75]% of a Certificateholder Quorum elect to remove
the Asset Representations Reviewer without cause and appoint a successor, the successor asset representations reviewer shall be
responsible for all expenses necessary to effect the transfer of responsibilities from its predecessor.

 

(c)       On
or after the receipt by the Asset Representations Reviewer of written notice of termination, subject to this Section 11.05,
all of its authority and power under this Agreement shall be terminated and, without limitation, the terminated Asset Representations
Reviewer shall execute any and all documents and other instruments, and do or accomplish all other acts or things reasonably necessary
or appropriate to effect the purposes of such notice of termination. As soon as practicable, but in no event later than 30 days
after (1) the Asset Representations Reviewer resigns pursuant to Section 11.03 of this Agreement or (2) the Trustee delivers
such written notice of termination to the Asset Representations Reviewer, the Depositor (in the case of a resignation of the Asset
Representations Reviewer pursuant to Section 11.03) or the Trustee (in the case of a termination of the Asset Representations
Reviewer pursuant to Section 11.05(b)), as applicable, shall appoint a successor asset representations reviewer that is an Eligible
Asset Representations Reviewer. The Trustee shall provide written notice of the appointment of an Asset Representations Reviewer
to the Master Servicer, the Special Servicer, the Operating Advisor, the Certificate Administrator, the Directing Holder and each
Certificateholder within one Business Day of such appointment. Notwithstanding the foregoing, if the Trustee is unable to find
a successor asset

 

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 representations reviewer within thirty (30) days of the termination of the Asset Representations Reviewer, the
Depositor shall be permitted, but not obligated, to find a replacement. The Trustee shall not be liable for any failure to identify
and appoint a successor asset representations reviewer so long as the Trustee uses commercially reasonable efforts to conduct
a search for a successor asset representations reviewer and such failure is not a result of the Trustee’s negligence, bad
faith or willful misconduct in the performance of its obligations hereunder.

 

The
Asset Representations Reviewer shall at all times be an Eligible Asset Representations Reviewer. If the Asset Representations
Reviewer ceases to be an Eligible Asset Representations Reviewer, the Asset Representations Reviewer shall immediately notify
the Depositor, the Master Servicer, the Special Servicer, the Trustee, the Operating Advisor, the Certificate Administrator and
the Directing Holder of such disqualification and, if an Asset Representations Reviewer Termination Event occurs as a result,
immediately resign under Section 11.03 of this Agreement, and a successor asset representations reviewer shall be appointed
in accordance with Section 11.03.

 

(d)       Upon
any termination of the Asset Representations Reviewer and appointment of a successor to the Asset Representations Reviewer, the
Trustee shall, as soon as possible, give written notice thereof to the Special Servicer, the Master Servicer, the Certificate
Administrator (who shall, as soon as possible, give written notice thereof to the Certificateholders), the Operating Advisor,
the Mortgage Loan Sellers, the Depositor, each Rating Agency and, prior to the occurrence and continuance of a Consultation Termination
Event, the Controlling Class Representative. In the event that the Asset Representations Reviewer is terminated, all of its rights
and obligations under this Agreement shall terminate, other than any rights or obligations that accrued prior to the date of such
termination (including the right to receive all amounts accrued and owing to it under this Agreement) and other than indemnification
rights (arising out of events occurring prior to such termination).

 

Article
XII

MISCELLANEOUS PROVISIONS

 

Section
12.01    Counterparts. This Agreement may be executed simultaneously in any number of counterparts,
each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same
instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by
facsimile transmission shall be as effective as delivery of a manually executed original counterpart of this
Agreement.

 

Section
12.02 Limitation on Rights of Certificateholders. The death or incapacity of any Certificateholder shall not operate
to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder’s legal representatives or heirs to
claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor
otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

 

No
Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the
operation and management of the Trust Fund, or

 

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the obligations of the parties hereto, nor shall anything herein set forth, or
contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners
or members of an association; nor shall any Certificateholder be under any liability to any third person by reason of any action
taken by the parties to this Agreement pursuant to any provision hereof.

 

No
Certificateholder shall have any right to institute any suit, action or proceeding in equity or at law upon or under or with respect
to this Agreement, any Mortgage Loan, Trust Subordinate Companion Loan or Serviced Loan Combination, unless such Holder previously
shall have given to the Trustee a written notice of default and of the continuance thereof, as hereinbefore provided, and unless
also the Holders of at least 25% of the Voting Rights of any Class of Certificates affected thereby (considering each Class of
the Class [A-S], Class [B] and Class [C] Certificates together with the Class [EC] Component of the same alphabetical designation
as a single “Class” for such purpose) shall have made written request upon the Trustee (with a copy to the Certificate
Administrator) to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the
Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby,
and the Trustee, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused
to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder
with every other Certificateholder and the Trustee, that no one or more Holders of Certificates of any Class shall have any right
in any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders
of any other of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to
enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of
all Holders of Certificates of such Class. For the protection and enforcement of the provisions of this Section, each and every
Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

 

Section
12.03    Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS
AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND
DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE
PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

 

Section
12.04    Notices. Unless otherwise specifically provided in this Agreement, any communications provided
for or permitted hereunder shall be in writing and, unless otherwise expressly provided herein, shall be deemed to have been
duly given if (a) personally delivered, (b) mailed by registered mail, postage prepaid (except for notices to the Trustee or
the Certificate Administrator which shall be deemed to have been duly given only when received), (c) sent by nationally
recognized express courier delivery service and received by the addressee, to the applicable party at the following
address(es), to: (i) in the case of the Depositor, [notice address]; (ii) in
the case of the Master Servicer, [notice

 

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 address]; (iii)
in the case of the Special Servicer, [notice address]; (v) in the case of the Trustee,
[notice address]; (vi) in the case of the Operating Advisor, [notice
address]; (vii) in the case of the Asset Representations Reviewer, [notice address];
(viii) in the case of the Rating Agencies: [notice addresses]; (ix) in the case
of the Mortgage Loan Sellers, [notice addresses]; (x) in the case of the Underwriters,
[notice addresses]; (xi) in the case of the Initial Purchasers, [notice
addresses]; and (xii) in the case of the initial Controlling Class Representative, [notice
address]; or as to each such Person such other address or e-mail address as may hereafter be furnished by such Person to
the parties hereto in writing. Any communication required or permitted to be delivered to a Certificateholder shall be deemed
to have been duly given when mailed first class, postage prepaid, to the address of such Holder as shown in the Certificate Register.
Any communication required or permitted to be delivered to a Certificate Owner shall be deemed to have been duly given to the
extent delivered through the Depository. Any notice so mailed within the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the Certificateholder receives such notice. Notwithstanding anything contained
in this Section 11.04 to the contrary, nothing in this Section 11.04 shall constitute consent by any party hereto
to service of process upon such party by facsimile transmission, electronic mail or any other type of electronic transmission.

 

Section
12.05    Severability of Provisions. If any one or more of the covenants, agreements, provisions or
terms of this Agreement shall be for any reason whatsoever held invalid, then, to the extent permitted by applicable law,
such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of
this Agreement or of the Certificates or the rights of the Holders thereof.

 

Section
12.06    Notice to the Rule 17g-5 Information Provider, Depositor and Each Rating Agency.

 

(a)       The
Certificate Administrator shall use its best efforts to promptly prepare a written notice, and provide such notice by e-mail to
the Rule 17g-5 Information Provider (if the Certificate Administrator is for any reason not the Rule 17g-5 Information Provider)
and the Depositor, with respect to each of the following items of which a Responsible Officer of the Certificate Administrator
has actual knowledge, and the Rule 17g-5 Information Provider shall upload such notice to the Rule 17g-5 Information Provider’s
Website on the same Business Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day
by 12:00 p.m. and shall, promptly following the posting of such notice to the Rule 17g-5 Information Provider’s Website,
notify, or cause the notification of, each Registered Rating Agency (other than any Registered Rating Agency that has indicated
to the Rule 17g-5 Information Provider of its election to not receive such notification) by electronic mail of the posting of
such notice, which electronic mail may be automatically generated by the Rule 17g-5 Information Provider’s Website:

 

(i)        any
material change or amendment to this Agreement;

 

(ii)       the
occurrence of any Servicer Termination Event that has not been cured;

 

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(iii)       the
merger, consolidation, resignation or termination of the Master Servicer, Special Servicer, the Trustee or the Certificate Administrator
or any Outside Servicer, Outside Special Servicer or Outside Trustee;

 

(iv)      the
repurchase of, or substitution of, Mortgage Loans pursuant to Section 2.03;

 

(v)       the
final payment to any Class of Certificateholders;

 

(vi)      any
change in the location of the Interest Reserve Account, the Excess Liquidation Proceeds Reserve Account, the Exchangeable Distribution
Account, the Excess Interest Distribution Account or any Distribution Account;

 

(vii)     any
event that would result in the voluntary or involuntary termination of any insurance of the accounts of the Master Servicer; and

 

(viii)    any
change in the lien priority of a Mortgage Loan.

 

(b)       The
Master Servicer or the Special Servicer shall promptly furnish by e-mail (or any other form of electronic delivery reasonably
acceptable to the Master Servicer or the Special Servicer, as applicable, and the Rule 17g-5 Information Provider) to the Rule
17g-5 Information Provider and the Depositor copies of the following (to the extent not already delivered or made available pursuant
to the terms of this Agreement), and the Rule 17g-5 Information Provider shall upload such documents to the Rule 17g-5 Information
Provider’s Website on the same Business Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the
next Business Day by 12:00 p.m., and the Rule 17g-5 Information Provider shall, promptly following the posting of such documents
to the Rule 17g-5 Information Provider’s Website, notify, or cause the notification of, each Registered Rating Agency (other
than any Registered Rating Agency that has indicated to the Rule 17g-5 Information Provider of its election to not receive such
notification) by electronic mail of the posting of such documents, which electronic mail may be automatically generated by the
Rule 17g-5 Information Provider’s Website:

 

(i)        each
of its annual statements as to compliance described in Section 10.09 of this Agreement;

 

(ii)       each
of its annual independent public accountants’ servicing reports described in Section 10.10 of this Agreement;

 

(iii)      a
copy of each operating and other financial statements, rent rolls, occupancy reports, and sales reports to the extent such information
is required to be delivered under a Mortgage Loan, in each case to the extent collected pursuant to Section 4.02; and

 

(iv)      upon
request, each inspection report prepared in connection with any inspection conducted pursuant to Section 3.18 of this Agreement.

 

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(c)       The
Certificate Administrator shall promptly furnish by e-mail (or any other form of electronic delivery reasonably acceptable to
the Certificate Administrator and the Rule 17g-5 Information Provider) to the Rule 17g-5 Information Provider (if the Certificate
Administrator is for any reason not the Rule 17g-5 Information Provider) and the Depositor copies of the items set forth in Section
8.11(b) of this Agreement (to the extent not already delivered or made available pursuant to the terms of this Agreement and
to the extent such items were prepared by or delivered to the Certificate Administrator in electronic format), and the Rule 17g-5
Information Provider shall upload such documents to the Rule 17g-5 Information Provider’s Website on the same Business Day
of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m..

 

(d)       After
any notice, document or item has been posted by the Rule 17g-5 Information Provider to the Rule 17g-5 Information Provider’s
Website pursuant to Sections 11.06(a), 11.06(b) or 11.06(c), the Rule 17g-5 Information Provider may send
such posted notice, document or item to a Registered Rating Agency.

 

Section
12.07 Amendment.  This Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the
Master Servicer, the Special Servicer, the Operating Advisor, the Custodian (if the Trustee is then acting as Custodian), the
Certificate Administrator, the Asset Representations Reviewer and the Trustee, without the consent of any of the Certificateholders
or, as applicable, any Companion Loan Holder:

 

(i)       to
cure any ambiguity to the extent that it does not adversely affect any holders of Certificates;

 

(ii)       to
correct or supplement any of its provisions which may be inconsistent with any other provisions of this Agreement or with the
description thereof in the Prospectus or to correct any error;

 

(iii)       to
change the timing and/or nature of deposits in the Collection Account, the Excess Liquidation Proceeds Reserve Account, the Exchangeable
Distribution Account, the Excess Interest Distribution Account, the Distribution Account or any REO Account, provided that
(A) the Master Servicer Remittance Date shall in no event be later than the Business Day prior to the related Distribution Date
and (B) the change would not adversely affect in any material respect the interests of any Certificateholder, as evidenced by
an opinion of counsel (at the expense of the party requesting the amendment);

 

(iv)       to
modify, eliminate or add to any of its provisions (A) to the extent necessary to maintain the qualification of either Trust REMIC
as a REMIC or the Grantor Trust as a grantor trust or to avoid or minimize the risk of imposition of any tax on the Trust Fund,
provided that the Trustee and the Certificate Administrator have received an opinion of counsel (at the expense of the
party requesting the amendment) to the effect that (1) the action is necessary or desirable to maintain such qualification or
to avoid or minimize such risk and (2) the action will not adversely affect in any material respect the interests of any holder
of the Certificates, (B) to restrict (or to remove any existing restrictions with respect to) the transfer of the Class [R] Certificates,
provided that the

 

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Depositor has determined that the amendment will not give rise to any tax with respect to the transfer
of the Class [R] Certificates to a non-Permitted Transferee, (C) to the extent necessary to comply with the Investment Company
Act, as amended, the Exchange Act, Regulation AB, Regulation RR and/or any related regulatory actions and/or interpretations or
(D) in the event that Regulation RR (or any portion thereof) or any other regulations applicable to the risk retention requirements
for this securitization transaction are amended or repealed, to the extent required to comply with any such amendment or to modify
or eliminate any risk retention requirements no longer applicable to this securitization transaction in light of such repeal;

 

(v)       to
make any other provisions with respect to matters or questions arising under this Agreement or any other change, provided
that the amendment will not adversely affect in any material respect the interests of any Certificateholder (including, with respect
to the Trust AB Loan Combination, the Holders of the Class [LOAN-SPECIFIC] Certificates), as evidenced by an opinion of counsel;

 

(vi)       to
modify the procedures herein relating to Rule 17g-5; provided that such modification does not increase the obligations
of the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, the Master Servicer
or the Special Servicer without such party’s consent (which consent may not be withheld unless such modification would materially
adversely affect such party or materially increase such party’s obligations under this Agreement); provided, further
that notice of such modification is provided to all parties to this Agreement;

 

(vii)       to
amend or supplement any provision of this Agreement to the extent necessary to maintain the ratings assigned to each Class of
Certificates by any of the Rating Agencies, provided that the amendment will not adversely affect in any material respect
the interests of any Certificateholder (including, with respect to the Trust AB Loan Combination, the Holders of the Class [LOAN-SPECIFIC]
Certificates); and

 

(viii)       in
the event of a TIA Applicability Determination, to modify, eliminate or add to the provisions of this Agreement (A) to the extent
necessary to effect the qualification of this Agreement under the TIA or under any similar federal statute hereafter enacted and
to add to this Agreement such other provisions as may be expressly required by the TIA, and (B) to modify such other provisions
of this Agreement to the extent necessary to make those provisions consistent with, and conform to, the modifications made pursuant
to the preceding clause (A);

 

provided,
further that no amendment pursuant to any of clauses (i)-(viii) above may be made that would: (i) reduce the consent or consultation
rights or the right to receive information under this Agreement of the Controlling Class Representative without the consent of
the Controlling Class Representative; (ii) reduce the consultation rights or the right to receive information under this Agreement
of the Operating Advisor without the consent of the Operating Advisor; (iii) change in any manner the obligations or rights
of any Mortgage Loan Seller under this Agreement or the applicable Mortgage Loan Purchase Agreement without the consent of the
affected Mortgage Loan Seller; (iv) change in any manner the obligations or rights of any Underwriter or Initial Purchaser,
without the consent of the affected Underwriter or Initial Purchaser; or (v) adversely

 

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affect any Serviced Companion Loan Holder
in its capacity as such without its consent. Expenses incurred with respect to any amendment shall be borne by the party requesting
such amendment, unless the Master Servicer, the Special Servicer or the Trustee is requesting an amendment for the benefit of
the Certificateholders, then in which case such expense will be borne by the Trust.

 

This
Agreement or any Custodial Agreement may also be amended from time to time by a writing signed by each of the Depositor, the Master
Servicer, the Special Servicer, the Operating Advisor, the Custodian (if the Trustee is then acting as Custodian), the Certificate
Administrator, the Asset Representations Reviewer and the Trustee with the consent of the Holders of Certificates representing
not less than [66-2/3]% of the Percentage Interests of each Class of Certificates affected by the amendment for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any
manner the rights of the Certificateholders; provided, however, that no such amendment shall:

 

(i)         reduce
in any manner the amount of, or delay the timing of, payments received on the Serviced Loans or the Trust Subordinate Companion
Loan which are required to be distributed on a Certificate of any Class or to any Serviced Companion Loan Holder, as applicable,
without the consent of the Holder of that Certificate or that Serviced Companion Loan Holder, as applicable;

 

(ii)     
  reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to the
amendment without the consent of the Holders of all Certificates of that Class then outstanding;

 

(iii)      change
in any manner the obligations or rights of any Mortgage Loan Seller under this Agreement or the related Mortgage Loan Purchase
Agreement without the consent of the affected Mortgage Loan Seller;

 

(iv)      change
the definition of “Servicing Standard” without either (1) consent of 100% of the holders of the Certificates or (2)
Rating Agency Confirmation;

 

(v)       without
the consent of 100% of the Certificateholders of the Class or Classes of Certificates adversely affected thereby, change (a) the
percentages of Voting Rights of Certificateholders which are required to consent to any action or inaction under this Agreement,
(b) the right of the Certificateholders to remove the Special Servicer pursuant to this Agreement or (c) the right of the Certificateholders
to terminate the Operating Advisor pursuant to this Agreement;

 

(vi)      adversely
affect the Controlling Class Representative without the consent of 100% of the Controlling Class Certificateholders;

 

(vii)     adversely
affect a Serviced Companion Loan Holder in its capacity as such without its consent; or

 

(viii)    change
in any manner the obligations or rights of any Underwriter or Initial Purchaser without the consent of the affected Underwriter
or Initial Purchaser.

 

    -477- 

     

    

 

In
the event that neither the Depositor nor any successor thereto, if any, is in existence, any amendment under this Section 12.07
shall be effective with the consent of the Trustee, the Operating Advisor, the Certificate Administrator, the Custodian (if
the Trustee is then acting as Custodian), the Asset Representations Reviewer, the Special Servicer, the Master Servicer, in writing,
and to the extent required by this Section, the Certificateholders, the Serviced Companion Loan Holders, the Mortgage Loan Sellers,
the Underwriters and/or the Initial Purchasers, as applicable. Promptly after the execution of any amendment, the Master Servicer
shall forward a copy thereof to the Trustee, the Operating Advisor, the Certificate Administrator, the Custodian (if the Trustee
is then acting as Custodian), the Asset Representations Reviewer, the Special Servicer, each Serviced Companion Loan Holder, each
Mortgage Loan Seller, each Underwriter, each Initial Purchaser and the Certificate Administrator and shall furnish written notification
of the substance of such amendment to each Certificateholder, as applicable, and, for posting to the Rule 17g-5 Information Provider’s
Website pursuant to Section 11.13 of this Agreement, the Rule 17g-5 Information Provider. It shall not be necessary for
the consent of Certificateholders or the Serviced Companion Loan Holders, the Mortgage Loan Sellers, Underwriters or the Initial
Purchasers, as applicable, under this Section 12.07 to approve the particular form of any proposed amendment, but it shall
be sufficient if such consent shall approve the substance thereof. The method of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders or the Serviced Companion Loan Holders, the Mortgage Loan Sellers,
Underwriters or the Initial Purchasers, as applicable, shall be subject to such reasonable regulations as the Trustee may prescribe;
provided, however, that such method shall always be by affirmation and in writing.

 

Notwithstanding
any contrary provision of this Agreement, no amendment shall be made to this Agreement or any Custodial Agreement unless, if requested
by the Master Servicer, the Special Servicer, the Trustee, the Custodian (if the Trustee is then acting as Custodian) and/or the
Certificate Administrator, such party shall have received an Opinion of Counsel, at the expense of the party requesting such amendment
(or, if such amendment is required by any Rating Agency to maintain the rating issued by it or requested by the Trustee or the
Certificate Administrator for any purpose described in clause (i) or (ii) of the first sentence of this Section, then at the expense
of the Trust Fund), to the effect that such amendment will not cause any Trust REMIC to fail to qualify as a REMIC or cause the
Grantor Trust to fail to qualify as a grantor trust for federal income tax purposes at any time that any Certificates are outstanding,
and will not cause a tax to be imposed on the Trust Fund (other than a tax at the corporate tax rate on net income from foreclosure
property pursuant to Code Section 860G(c)). Prior to the execution of any amendment to this Agreement or any Custodial Agreement,
the Trustee, the Certificate Administrator, the Custodian (if the Trustee is then acting as Custodian), the Special Servicer and
the Master Servicer may request and shall be entitled to rely conclusively upon an Opinion of Counsel, at the expense of the party
requesting such amendment (or, if such amendment is required by any Rating Agency to maintain the rating issued by it or requested
by the Trustee or the Certificate Administrator for any purpose described in clause (i), (ii), (iii) or (v) (which does not modify
or otherwise relate solely to the obligations, duties or rights of the Trustee or the Certificate Administrator, as applicable)
of the first sentence of this Section, then at the expense of the Trust Fund) stating that the execution of such amendment is
authorized or permitted by this Agreement, and that all conditions precedent to such amendment are satisfied. Each of the Trustee,
the Custodian (if the Trustee is then acting as Custodian) and the Certificate Administrator may, but shall not be obligated to,
enter into any

 

    -478- 

     

    

 

such amendment which affects the Trustee’s, the Custodian’s (if the Trustee is then acting as Custodian)
or the Certificate Administrator’s, as applicable, own rights, duties or immunities under this Agreement. The party requesting
an amendment to this Agreement shall provide to the Rule 17g-5 Information Provider, for posting on the Rule 17g-5 Information
Provider’s Website pursuant to Section 12.13 of this Agreement, prior written notice of such proposed amendment.

 

Section
12.08    Confirmation of Intent. The Depositor intends that the conveyance of the Depositor’s
right, title and interest in and to the Mortgage Loans and the Trust Subordinate Companion Loan pursuant to this Agreement
shall constitute a sale and not a pledge of security for a loan. If such conveyance is deemed to be a pledge of security for
a loan, however, the Depositor intends that the rights and obligations of the parties to such loan shall be established
pursuant to the terms of this Agreement. The Depositor also intends and agrees that, in such event, (i) the Depositor shall
be deemed to have granted to the Trustee (in such capacity) a first priority security interest in the Depositor’s
entire right, title and interest in and to the assets comprising the Trust Fund, including without limitation, the Mortgage
Loans and the Trust Subordinate Companion Loan, all principal and interest received or receivable with respect to the
Mortgage Loans and the Trust Subordinate Companion Loan (other than principal and interest payments due and payable prior to
the Cut-Off Date and Principal Prepayments received prior to the Cut-Off Date), all amounts held from time to time in the
Collection Account, each Distribution Account, the Exchangeable Distribution Account, the Excess Interest Distribution
Account, the Interest Reserve Account and, if established, the Excess Liquidation Proceeds Reserve Account and the REO
Account, and all reinvestment earnings on such amounts, and all of the Depositor’s right, title and interest in and to
any Insurance Proceeds related to such Mortgage Loans and the Trust Subordinate Companion Loan and (ii) this Agreement shall
constitute a security agreement under applicable law. This Section 12.08 shall constitute notice to the Trustee
pursuant to any of the requirements of the applicable UCC.

 

Section
12.09 Third-Party Beneficiaries. Except as provided in the next sentence, no Persons other than a party to this
Agreement, any Serviced Companion Loan Holder (unless it is the Mortgagor under the applicable Serviced Companion Loan or an
Affiliate thereof) and any Certificateholder, shall have any rights with respect to the enforcement of any of the rights or
obligations hereunder. Any Underwriter or Initial Purchaser (with respect to its rights to receive any documents,
certifications, information and/or indemnification hereunder and its rights under Section 2.02, Section 5.03
and Section 12.07 of this Agreement), any Serviced Companion Loan Holder, any Subordinate Loan-Specific Directing
Certificateholder, any Mortgage Loan Seller (with respect to its rights under Section 2.03(a), Section 2.03(b), Section
2.03(c), Section 3.09(d)(i), Section 11.07 and Section 11.16 of this Agreement and its rights as a
Privileged Person), any Other Depositor and Other Exchange Act Reporting Party (with respect to its rights under Article
X of this Agreement) and, subject to Section 12.02 of this Agreement, any Certificateholder (which are intended
third-party beneficiaries of this Agreement) shall have the right to enforce their respective rights and obligations
hereunder (in the case of any Serviced Companion Loan Holder, to the extent they affect the related Serviced Companion Loan
and provided that such Serviced Companion Loan Holder is not the Mortgagor under the related Companion Loan or an Affiliate
thereof) as if each such Person was a party hereto.

 

    -479- 

     

    

 

Without
limiting the foregoing, the parties to this Agreement specifically state that no Mortgagor, property manager or other party to
a Mortgage Loan or the Trust Subordinate Companion Loan is an intended third-party beneficiary of this Agreement.

 

Section
12.10    Request by Certificateholders or the Serviced Companion Loan Holder. Where information or
reports are required to be delivered to a Certificateholder or a Serviced Companion Loan Holder, as applicable, upon request
pursuant to the terms of this Agreement, such request can be in the form of a single blanket request by a Certificateholder
or a Serviced Companion Loan Holder, as applicable, to the Certificate Administrator, the Master Servicer or the Special
Servicer, as applicable, and, with respect to such Certificateholder or a Serviced Companion Loan Holder, as applicable, such
request shall be deemed to relate to each date such report or information may be requested. The notice shall set forth the
applicable Sections where such reports and information are requested.

 

Section
12.11   Waiver of Jury Trial. THE PARTIES HERETO HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR
INDIRECTLY TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section
12.12 Submission to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY (I) SUBMITS TO THE JURISDICTION OF THE COURTS
OF THE STATE OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE
PURPOSE OF ANY SUCH ACTION OR PROCEEDING RELATING TO THIS AGREEMENT; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE
DEFENSE OF AN INCONVENIENT FORUM IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT; (III) AGREES THAT A FINAL JUDGMENT IN
ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON
THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (IV) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY
THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER AND AGREES THAT NOTHING HEREIN SHALL AFFECT THE
RIGHT TO EFFECT SERVICE OF PROCESS IN ANY MANNER PERMITTED BY LAW.

 

Section
12.13    Exchange Act Rule 17g-5 Procedures.

 

(a)       Except
as otherwise provided in Section 12.06 of this Agreement or this Section 12.13 or otherwise in this Agreement or
as required by law, none of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor or the Custodian shall provide any information directly to, or communicate with, either orally or in writing, any Rating
Agency regarding the Certificates or the Mortgage Loans relevant to the Rating Agencies’ surveillance of the Certificates
or the Mortgage Loans (or the Trust Subordinate Companion Loan, if applicable), including, but not limited to, providing responses
to inquiries from a Rating Agency regarding the Certificates or the Mortgage Loans (or the Trust Subordinate Companion Loan, if
applicable) relevant to such Rating Agency’s surveillance of

 

    -480- 

     

    

 

the Certificates. To the extent that a Rating Agency makes
an inquiry or initiates communications with the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Operating Advisor or the Custodian regarding the Certificates or the Mortgage Loans (or the Trust Subordinate Companion Loan,
if applicable) relevant to such Rating Agency’s surveillance of the Certificates, all responses to such inquiries or communications
from such Rating Agency shall be made in writing by the responding party and shall be provided to the Rule 17g-5 Information Provider
as provided in Section 11.13(h), whereupon the Rule 17g-5 Information Provider shall post such written response to the
Rule 17g-5 Information Provider’s Website on the same Business Day of receipt of such response if received by 2:00 p.m.
or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m. (or, if the responding party is the Rule 17g-5 Information
Provider, on the same Business Day of preparation of such response if prepared by 2:00 p.m. or, if prepared after 2:00 p.m., on
the next Business Day by 12:00 p.m.), and the Rule 17g-5 Information Provider shall, promptly after such response has been posted
to the Rule 17g-5 Information Provider’s Website, notify, or cause the notification of, each Registered Rating Agency by
electronic mail of the posting of such response.

 

(b)       To
the extent that any of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor
or the Custodian is required to provide any information to, or communicate with, any Rating Agency in accordance with its obligations
under this Agreement, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor
or the Custodian, as applicable, shall do so in writing and shall provide such written information or communication to the Rule
17g-5 Information Provider electronically as provided in Section 11.13(h), whereupon the Rule 17g-5 Information Provider
shall upload such information or communication to the Rule 17g-5 Information Provider’s Website on the same Business Day
of receipt of such response if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m. (or,
if the applicable party is the Rule 17g-5 Information Provider, on the same Business Day of preparation of such response if prepared
by 2:00 p.m. or, if prepared after 2 p.m., on the next Business Day by 12:00 p.m.), and the Rule 17g-5 Information Provider shall,
promptly after such written information or communication has been uploaded to the Rule 17g-5 Information Provider’s Website,
notify, or cause the notification of, each Registered Rating Agency by electronic mail of the posting of such written information
or communication. The foregoing shall include any Rating Agency Confirmation request made pursuant to this Agreement, which shall
be in writing, with a cover letter indicating the nature of the request and shall include all information the requesting party
believes is reasonably necessary for the applicable Rating Agency to make its decision.

 

(c)       Notwithstanding
the provisions of Section 12.13(a) or Section 11.13(b) of this Agreement, the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor or the Custodian shall be permitted (but are not required) to
orally communicate with the Rating Agencies in accordance with their respective obligations under this Agreement, provided
that such party summarizes the information provided to the Rating Agencies in such communication in writing and provides such
summary to the 17g-5 Information Provider electronically as provided in Section 11.13(h) on the same day such communication
takes place; provided that the summary of such oral communications shall not be attributed to the Rating Agency the communication
was with. The 17g-5 Information Provider

 

    -481- 

     

    

 

shall post such summary on the 17g-5 Information Provider’s Website in accordance
with the procedures set forth in Section 11.13(h).

 

(d)       Each
of the Rule 17g-5 Information Provider, the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee,
the Operating Advisor and the Custodian (each, an “Indemnifying Party”) hereby expressly agrees to indemnify
and hold harmless the Depositor and its respective officers, directors, shareholders, members, managers, employees, agents, Affiliates
and controlling persons, and the Trust Fund (each, an “Indemnified Party”), from and against any and all losses,
liabilities, damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal
fees and expenses), joint or several, to which any such Indemnified Party may become subject, under the Act, the Exchange Act
or otherwise, pursuant to a third-party claim, insofar as such losses, liabilities, damages, claims, judgments, costs, fees, penalties,
fines, forfeitures or other expenses (including reasonable legal fees and expenses) arise out of or are based upon (i) such Indemnifying
Party’s breach of Section 12.06, Section 12.13(a), Section 12.13(b), Section 12.13(c), Section 12.13(g) or
Section 11.13(h) of this Agreement or (ii) a determination by any Rating Agency that it cannot reasonably rely on representations
made by the Depositor or any Affiliate thereof pursuant to Exchange Act Rule 17g-5(a)(3), to the extent caused by any such breach
referred to in clause (i) above by the applicable Indemnifying Party, and will reimburse such Indemnified Party for any legal
or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action
or claim, as such expenses are incurred. The Depositor shall notify each of the Master Servicer and the Special Servicer in writing
of any change in the identity or contact information of the Rule 17g-5 Information Provider (if it is not also the Certificate
Administrator).

 

(e)       None
of the Master Servicer, the Special Servicer, the Certificate Administrator (unless the Certificate Administrator is acting in
the capacity of the Rule 17g-5 Information Provider), the Trustee, the Operating Advisor or the Custodian shall have any liability
for (i) the Rule 17g-5 Information Provider’s failure to post information provided by the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor or the Custodian in accordance with the terms of this Agreement,
(ii) any malfunction or disabling of the Rule 17g-5 Information Provider’s Website or (iii) such party’s failure to
perform any of its obligations under this Agreement regarding providing information or communication to the Rating Agencies that
are required to be performed after the Rule 17g-5 Information Provider posts the related information or communication if the Rule
17g-5 Information Provider fails to notify such party that it has posted such information or communication on the Rule 17g-5 Information
Provider’s Website.

 

(f)       None
of the foregoing restrictions in this Section 12.13 prohibit or restrict oral or written communications, or providing information,
between the Master Servicer or the Special Servicer, on the one hand, and any Rating Agency, on the other hand, with regard to
(i) such Rating Agency’s review of the ratings it assigns to the Master Servicer or the Special Servicer, as applicable,
(ii) such Rating Agency’s approval of the Master Servicer or the Special Servicer, as applicable, as a commercial mortgage
master, special or primary servicer or (iii) such Rating Agency’s evaluation of the Master Servicer’s or the Special
Servicer’s, as applicable, servicing operations in general; provided, however, that the Master Servicer or
the Special Servicer, as applicable, shall not provide any information relating to the Certificates or

 

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the Mortgage Loans to such
Rating Agency in connection with such review and evaluation by such Rating Agency unless: (x) borrower, property or deal specific
identifiers are redacted; (y) the Master Servicer or the Special Servicer, as applicable, has in fact provided such information
to such Rating Agency in accordance with the timeframe set forth under Section 11.13(i); or (z) such Rating Agency has
confirmed in writing to the Master Servicer or the Special Servicer, as applicable, that it does not intend to use such information
in undertaking credit rating surveillance for any Class of Certificates (and the party providing such information to a Rating
Agency shall, upon request, certify to the Depositor that it received the confirmation described in this clause (z)).

 

(g)       The
Rule 17g-5 Information Provider shall establish and maintain the Rule 17g-5 Information Provider’s Website in the form of
a password-protected Internet Website in accordance with this Section 11.13 and Section 11.06 of this Agreement.

 

(h)       The
Rule 17g-5 Information Provider shall post on the Rule 17g-5 Information Provider’s Website and make available solely to
the Rating Agencies and other NRSROs, the following items, to the extent such items are delivered to it in an electronic document
format suitable for website posting (and the parties required to deliver the following information to the Rule 17g-5 Information
Provider agree to do so in such format) via electronic mail at [email address],
specifically with a subject reference of “[___________]” and an identification of the type of information being provided
in the body of such electronic mail (or via any alternative electronic mail address following notice to the parties hereto or
any other delivery method established or approved by the Rule 17g-5 Information Provider if or as may be necessary or beneficial):

 

(A)       all
items delivered to the Rule 17g-5 Information Provider pursuant to Section 12.06;

 

(B)       all
information and communications delivered to the Rule 17g-5 Information Provider pursuant to Sections 11.13(a), 11.13(b)
and 11.13(c);

 

(C)       any
certification of a provider of third-party “due diligence services” (as defined in Rule 17g-10 under the Exchange
Act) on Form ABS Due Diligence-15E delivered to the Rule 17g-5 Information Provider by the Depositor; and

 

(D)       any
other information delivered to the Rule 17g-5 Information Provider pursuant to this Agreement.

 

The
17g-5 Information Provider shall post the foregoing items on the 17g-5 Information Provider’s Website on the same Business
Day of receipt if received by 2:00 p.m. or, if received after 2:00 p.m., on the next Business Day by 12:00 p.m., and shall, promptly
following the posting of such item to the 17g-5 Information Provider’s Website, notify, or cause the notification of, (i)
each Registered Rating Agency and (ii) upon request, the party that delivered such item to the 17g-5 Information Provider for
posting on the 17g-5 Information Provider’s Website, in each case by electronic mail, of the posting of such item.

 

    -483- 

     

    

 

The
Rule 17g-5 Information Provider shall have no obligation or duty to verify, confirm or otherwise determine whether the information
being delivered is accurate, complete, conforms to the transaction, or otherwise is or is not anything other than what it purports
to be. If any information is delivered or posted in error, the Rule 17g-5 Information Provider may remove it from the Rue 17g-5
Information Provider’s Website. The Certificate Administrator and the Rule 17g-5 Information Provider have not obtained
and shall not be deemed to have obtained actual knowledge of any information only by receipt and posting to the Rule 17g-5 Information
Provider’s Website. Access will be provided by the Rule 17g-5 Information Provider to (i) the Rating Agencies upon registration
at the Rule 17g-5 Information Provider’s Website as a user thereof and (ii) other NRSROs upon registration at the Rule 17g-5
Information Provider’s Website as a user thereof and receipt by the Rule 17g-5 Information Provider of an NRSRO Certification
(which certification may be submitted via e-mail to the Rule 17g-5 Information Provider). If a NRSRO (including any Rating Agency)
requests access to the 17g-5 Information Provider’s Website, access will be granted by the 17g-5 Information Provider on
the same Business Day provided such request is made (and, in the case of a NRSRO that is not a Rating Agency, a NRSRO Certification
is submitted to the Rule 17g-5 Information Provider) prior to 2:00 p.m., New York time on such Business Day, or if received after
2:00 p.m., New York City time, on the following Business Day. The 17g-5 Information Provider shall permit each Rating Agency to
submit multiple email addresses for receipt of notices, including a general email address; provided, that each email address
so provided shall be associated with a registered user of the Rule 17g-5 Information Provider’s Website. Questions regarding
delivery of information to the Rule 17g-5 Information Provider may be directed to [telephone number] and [email address] (or to
such other telephone number or e-mail address as the Rule 17g-5 Information Provider may designate).

 

The
17g-5 Information Provider shall provide a mechanism to promptly notify each Person that has signed up for access to the 17g-5
Information Provider’s Website in respect of the transaction governed by this Agreement each time an additional document
is posted thereto. In connection with providing access to the Rule 17g-5 Information Provider’s Website, the Rule 17g-5
Information Provider may require registration and the acceptance of a disclaimer. The Rule 17g-5 Information Provider shall not
be liable for the dissemination of information in accordance with the terms of this Agreement, makes no representations or warranties
as to the accuracy or completeness of such information being made available, and assumes no responsibility for such information.
The Rule 17g-5 Information Provider shall not be liable for its failure to make any information available to the Rating Agencies
or other NRSROs unless such information was delivered to the Rule 17g-5 Information Provider at the e-mail address set forth herein
(or by any other form of electronic delivery reasonably acceptable to Rule 17g-5 Information Provider pursuant to the terms of
this Agreement), with a subject heading of “[__________]” and sufficient detail to indicate that such information
is required to be posted on the Rule 17g-5 Information Provider’s Website. In connection with notifying a Registered Rating
Agency of any information posted to the Rule 17g-5 Information Provider’s Website, the Rule 17g-5 Information Provider shall
only be responsible for sending such notices to the electronic mail address(es) of such Registered Rating Agency as provided by
such Registered Rating Agency upon its registration as user of the Rule 17g-5 Information Provider’s Website or upon any
subsequent update of such electronic mail address(es) made by such Registered Rating Agency through the Rule 17g-5 Information
Provider’s Website, and the Rule 17g-5 Information Provider shall not be responsible for sending any notices to any electronic
mail address(es) of

 

    -484- 

     

    

 

any Registered Rating Agency that is not provided to the Rule 17g-5 Information in the manner described in
this sentence.

 

(i)       In
connection with the delivery by the Master Servicer or the Special Servicer, as applicable, to the Rule 17g-5 Information Provider
of any information, report, notice or document for posting to the Rule 17g-5 Information Provider’s Website, the Rule 17g-5
Information Provider shall, upon request, notify the Master Servicer or the Special Servicer, as applicable, of when such information,
report, notice or other document has been posted to the Rule 17g-5 Information Provider’s Website, and the Master Servicer
or the Special Servicer, as applicable, may (but is not obligated to) send such information, report, notice or other document
to the applicable Rating Agency promptly following the earlier of (a) receipt of notification from the Rule 17g-5 Information
Provider that such information, report, notice or other document has been posted to the Rule 17g-5 Information Provider’s
Website and (b) after 12:00 p.m. on the first Business Day following the date it has provided such information, report, notice
or other document to the Rule 17g-5 Information Provider.

 

(j)       With
respect to each Outside Serviced Mortgage Loan, each of the Master Servicer, the Special Servicer, the Certificate Administrator
and the Trustee shall provide to the 17g-5 Information Provider for posting on the 17g-5 Information Provider’s Website,
promptly upon receipt from an Outside Service Provider, all reports, statements, documents, notices and other information it receives
in respect of such Outside Serviced Mortgage Loan that would otherwise have been required to be submitted to the 17g-5 Information
Provider under this Agreement for posting had such Outside Serviced Mortgage Loan been a Serviced Mortgage Loan. The 17g-5 Information
Provider shall post on the 17g-5 Information Provider’s Website all such information it receives in accordance with this
Agreement.

 

(k)       The
Master Servicer or the Special Servicer may, but shall not be obligated to, provide information to the 17g-5 Information Provider
that is neither specifically required hereunder nor requested by any Rating Agency. Any such information shall be posted by the
17g-5 Information Provider in accordance with the timeframe provided in Section 11.13(b).

 

Section
12.14    Precautionary Trust Indenture Act Provisions.

 

In
the event that the Depositor, upon consultation with the Trustee, notifies the parties to this Agreement that it has determined
that the TIA applies to this Agreement or that that qualification under the Trust Indenture Act of 1939, as amended (the “TIA”),
or any similar federal statute hereafter enacted is required (any such determination by the Depositor, a “TIA Applicability
Determination”), then, (i) in the case of the TIA, pursuant to Section 318 of the TIA (assuming such section is then
in effect), the provisions of Sections 310 to and including Section 317 of the TIA that impose duties on any person shall be part
of and govern this Agreement, whether or not physically contained herein, as and to the extent provided in Section 318 of the
TIA; provided, however, that it shall be deemed that the parties to this Agreement have agreed that, to the extent
permitted under the TIA, this Agreement shall expressly exclude any non-mandatory provisions that (x) conflict with the provisions
of this Agreement or would otherwise alter the provisions of this Agreement or (y) increase the obligations, liabilities or scope
of responsibility of any party hereto; (ii) the parties agree to

 

    -485- 

     

    

 

cooperate in good faith with the Depositor to make such amendments
to modify, eliminate or add to the provisions of this Agreement to such extent as shall be necessary to effect the qualification
of this Agreement under the TIA or such similar statute and to add to this Agreement such other provisions as may be expressly
required by the TIA or as may be determined by the parties to be beneficial for compliance with the TIA; and (iii) upon the direction
of the Depositor, the Trustee shall file a Form T-1 or such other form as the Depositor informs the Trustee is required, with
the Commission or other appropriate institution.

 

Section
12.15    Cooperation with the Mortgage Loan Sellers with Respect to Rights Under the Loan Agreements. 

 

It
is expressly agreed and understood that, notwithstanding the assignment of the Loan Documents, it is expressly intended that the
Mortgage Loan Sellers are entitled to the benefit of any securitization indemnification provisions that specifically run to the
benefit of the lenders in the Loan Documents. Therefore, the Depositor, Master Servicer, Special Servicer and Trustee hereby agree
to reasonably cooperate with any Mortgage Loan Seller, at the sole expense of such Mortgage Loan Seller, with respect to obtaining
the benefits of the provisions of any section of a Loan Agreement or securitization cooperation agreement providing for indemnification
of the lender and/or its loan seller affiliates with respect to the current securitization of the related Mortgage Loan, including,
without limitation, reassignment to the related Mortgage Loan Seller of such sections, but no other portion, of the Loan Documents,
to permit the related Mortgage Loan Seller to enforce such provisions for its benefit; provided, that none of the Depositor, Master
Servicer, Special Servicer or Trustee shall be required to take any action that is inconsistent with the Servicing Standard, would
violate applicable law, the terms and provisions of this Agreement or the Loan Documents, would adversely affect any Certificateholder,
would cause either Trust REMIC to fail to qualify as a REMIC or the Grantor Trust to fail to qualify as a grantor trust for federal
income tax purposes, or would result in the imposition of a “prohibited transaction” or “prohibited contribution”
tax under the REMIC Provisions. To the extent that the Trustee is required to execute any document facilitating an assignment
under this Section 11.15, such document shall be in form and substance reasonably acceptable to the Trustee.

 

[Signature
Pages Follow]

 

    -486- 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused their names to be signed hereto by their respective officers thereunto duly authorized
all as of the day and year first above written.

	 	 	 
	 	CITIGROUP
    COMMERCIAL MORTGAGE 

    SECURITIES INC., as Depositor
	 	 	 
	 	By:	       
	 	 	Name:
	 	 	Title:

	 	 	 
	 	[master
                                         servicer], as Master Servicer

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

	 	 	 
	 	[SPECIAL
                                         SERVICER], as Special Servicer

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

[_______________]
- Pooling and Servicing Agreement

 

     

     

    

 

	 	 	 
	 	[operating
                                         advisor], 

as Operating Advisor

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

	 	[CERTIFICATE
    ADMINISTRATOR], 

as Certificate Administrator
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

	 	[trustee],
                                         as Trustee

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

	 	 	 
	 	[Asset
                                         Representations Reviewer],

                                         as Asset Representations Reviewer

	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:

 

[_______________]
- Pooling and Servicing Agreement

 

     

     

    

  

	STATE OF	)
	 	)        ss:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

 

     

     

    

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

     

     

    

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

  

[_______________]
- Pooling and Servicing Agreement

     

     

    

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

     

     

    

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

 

     

     

    

 

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

 

     

     

    

	STATE OF	)
	 	)        ss.:
	COUNTY OF 	)

 

On
this ____ day of ________ 20[__], before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ____________________, to me known who, by me duly sworn, did depose and acknowledge before me and
say that s/he is the ____________________________ of _____________________________, a _____________________________, the entity
described in and that executed the foregoing instrument; and that s/he signed her/his name thereto under authority of said entity
and on behalf of such entity.

 

WITNESS
my hand and seal hereto affixed the day and year first above written.

 

	 	 	Notary
    Public in and for the

    State of _______________
	 	 	 
	My Commission
    expires:	 
	 	 
	[NOTARIAL
    SEAL]	 

 

[_______________]
- Pooling and Servicing Agreement

 

 

     

     

    
 

 

Exhibit
A-[__] Form of Certificates

 

[TO
BE INCLUDED IN THE TRANSACTION SPECIFIC POOLING AND SERVICING 

AGREEMENT BASED ON SPECIFIED CLASSES OFFERED]

 

     A-1

     

    

 

EXHIBIT
B

MORTGAGE LOAN SCHEDULE

 

    B-1

     

    

 

EXHIBIT
C

 

FORM
OF REQUEST FOR RELEASE

(for Custodian/Trustee)

 

Loan
Information:    

	Name
    of Mortgagor: 	  	 

	Master
    Servicer Loan No.: 	  	 

Custodian

	Name: 	  	 

	Address:	  	 
	 	 	 
	 	 	 

	Custodian Mortgage File
    No.: 	  	 

[Seller]

	Name: 	  	 

	Address:	  	 

 

 

 

		Certificates:	[certificate
                                         caption], Class [__]	 

 

The
undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] hereby requests delivery from [custodian],
as Custodian, for the Holders of [certificate caption], the documents referred
to below (the “Documents”). All capitalized terms not otherwise defined in this Request for Release shall have
the meanings given them in the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator.

 

(
)   Note dated _________, _____, in the original principal sum of $_____, made by _______, payable to, or endorsed to the order
of, the Trustee.

 

(
)  Mortgage recorded on ____________ as instrument no. ________ in the County Recorder’s Office of the County of _______________,
State of _________________ in book/reel/docket ___________ of official records at page/image ________.

 

(
)   Deed of Trust recorded on __________ as instrument no. ________ in the County Recorder’s Office of the County of ____________,
State of _______ in book/reel/docket ____________ of official records at page/image.

 

(
)   Assignment of Mortgage or Deed of Trust to the Trustee, recorded on _____________ as instrument no. _______ in the County
Recorder’s Office of the County of

 

    C-1 

     

    

 

_________,
State of _______ in book/reel/docket __________ of official records at page/image _____________.

 

(
)   Other documents, including any amendments, assignments or other assumptions of the Note or Mortgage.

 

	 	( )	  	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 
	 	 	 	 
	 	( )	 	 

 

The
undersigned [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] hereby acknowledges and agrees as
follows:

 

(i)       The
[Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall hold and retain possession of the Documents
in trust for the benefit of the Trustee, solely for the purposes provided in the Agreement.

 

(ii)       The
[Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall not cause or permit the Documents to become
subject to, or encumbered by, any claim, liens, security interest, charges, writs of attachment or other impositions nor shall
the [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] assert or seek to assert any claims or rights
of set-off to or against the Documents or any proceeds thereof.

 

(iii)       The
[Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall return the Documents to the Custodian when
the need therefor no longer exists, unless the Mortgage Loan and the Trust Subordinate Companion Loan relating to the Documents
have been liquidated and the proceeds thereof have been remitted to the Collection Account and except as expressly provided in
the Agreement.

 

(iv)       The
Documents and any proceeds thereof, including any proceeds of proceeds, coming into the possession or control of the [Master Servicer][Special
Servicer][Outside Servicer][Outside Special Servicer] shall at all times be earmarked for the account of the Trustee, and the
[Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer] shall keep the Documents and any proceeds separate
and distinct from all other property in the [Master Servicer][Special Servicer][Outside Servicer][Outside Special Servicer]’s
possession, custody or control.

 

	 	 	 
	 	[MASTER
    SERVICER/SPECIAL SERVICER] [OUTSIDE SERVICER/OUTSIDE SPECIAL SERVICER]
	 	 	 
	 	By: 	 
	 	 	Name:       
	 	 	Title:            

 

    C-2 

     

    

 

cc:
[trustee]

 

Dated:

 

    C-3 

     

    

 

EXHIBIT
D

FORM OF DISTRIBUTION DATE STATEMENT

 

    D-1 

     

    

 

EXHIBIT
E

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.03(c) of the Pooling and Servicing Agreement)

 

[Certificate
Registrar], 

as
Certificate Registrar

[address]

  

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]) with
the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Temporary Regulation S Global Certificate
of such Class (CINS No. [______] and ISIN No. [______]) to be held with the Depository in the name of [Euroclear] [Clearstream]*
(Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

 

 

*
    Select appropriate depository.

  

    E-1 

     

    

 

[(2)     at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)     the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States;]**

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule
903(b) or 904(b) of Regulation S, as applicable;

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)       the
transferee is an institution.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate
Administrator, Master Servicer, Special Servicer, Asset Representations Reviewer and the Underwriters.

 

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

 

**    
Insert one of these two provisions, which come from the definition of  “offshore transaction” in Regulation S.

  

    E-2 

     

    

  

EXHIBIT
F

 

FORM
OF TRANSFER CERTIFICATE

FOR RULE 144A GLOBAL CERTIFICATE 

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.03(d) of the Pooling and Servicing Agreement)

 

[Certificate
Registrar],

 as Certificate Registrar

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]) with
the Depository in the name of [insert name of Transferor] (the “Transferor”). The Transferor has requested
an exchange or transfer of such beneficial interest for a beneficial interest in the Regulation S Global Certificate of such Class
(CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and, (i) with respect
to transfers made in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as amended
(the “Securities Act”), the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S),

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States,]*

 

 

*
    Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    F-1 

     

    

 

[(2)      the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States,] *

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule
903(b) or 904(b) of Regulation S, as applicable,

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)       the
transferee is an institution.

 

or
(ii) with respect to transfers made in reliance on Rule 144 under the Securities Act, the Transferor does hereby certify that
the Certificates are being transferred in a transaction permitted by Rule 144 under the Securities Act.**

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate
Administrator, Master Servicer, Special Servicer, Asset Representations Reviewer and the Underwriters.

  

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

 

**
Select (i) or (ii), as applicable.

  

    F-2 

     

    

 

EXHIBIT
G

 

FORM
OF TRANSFER CERTIFICATE

FOR TEMPORARY REGULATION S GLOBAL CERTIFICATE 

TO RULE 144A GLOBAL CERTIFICATE DURING RESTRICTED PERIOD

 

(Exchange
or transfers pursuant to

Section 5.03(e) of the Pooling and Servicing Agreement)

 

[Certificate
Registrar],

as
Certificate Registrar

  

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______]
and ISIN No. [______]) with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository in the name of
[insert name of transferor] (the “Transferor”). The Transferor has requested an exchange or transfer of such
beneficial interest for a beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933,
as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing the
Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment discretion,
and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A in each
case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state
of the United States or other applicable jurisdiction.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are

 

 

*
    Select appropriate depository.

  

    G-1 

     

    

 

commenced
or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this
certificate to any interested party in such proceeding. This certificate and the statements contained herein are made for your
benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate Administrator, Master Servicer, Special Servicer,
Asset Representations Reviewer and the Underwriters.

 

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

    G-2 

     

    

 

EXHIBIT
H

 

FORM
OF CERTIFICATION TO BE GIVEN BY

BENEFICIAL OWNER OF TEMPORARY

REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
pursuant to

Section 5.03(f) of the Pooling and Servicing Agreement)

 

 

 

[Certificate
Registrar],

as
Certificate Registrar

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

[For
purposes of acquiring a beneficial interest in a Regulation S Global Certificate of the Class specified above after the expiration
of the Restricted Period,] [For purposes of receiving payments under a Temporary Regulation S Global Certificate of the Class
specified above,]* the undersigned holder of a beneficial interest in a Temporary Regulation S Global Certificate of
the Class specified above issued under the Pooling and Servicing Agreement certifies that it is an institution that is not a “U.S.
person” as defined by Regulation S under the Securities Act of 1933, as amended.

 

We
undertake to advise you promptly by facsimile on or prior to the date on which you intend to submit your corresponding certification
relating to the Certificates of the Class specified above held by you for our account if any applicable statement herein is not
correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such
date.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of

 

 

*
       Select, as applicable. 

 

    H-1 

     

    

 

the
                                         Depositor, Trustee, Operating Advisor, Certificate Administrator, Master Servicer, Special
                                         Servicer, Asset Representations Reviewer and the Underwriters.

 

		Dated:	   	

	 	By:	 
	 

	 

                           
		as,
                                         or as agent for, the holder of a beneficial interest in the Certificates to which this
                                         certificate relates.

 

    H-2 

     

    

 

EXHIBIT
I

 

FORM
OF TRANSFER CERTIFICATE 

FOR NON-BOOK ENTRY CERTIFICATE 

TO TEMPORARY REGULATION S GLOBAL CERTIFICATE

 

(Exchanges
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

  

[Certificate
Registrar],

as
Certificate Registrar 

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Temporary Regulation S Global Certificate of such Class (CINS No. [______] and ISIN No. [______])
to be held with [Euroclear] [Clearstream]* (Common Code [______]) through the Depository.

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

 

 

*      Select
appropriate depository.

 

    I-1 

     

    

 

[(2)      at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]**

 

[(2)   
 the transaction was executed in, on or through the facilities of a “designated offshore securities market”
(as defined in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was
pre-arranged with a buyer in the United States;] **

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule
903(b) or 904(b) of Regulation S, as applicable;

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)       the
transferee is an institution.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate
Administrator, Master Servicer, Special Servicer, Asset Representations Reviewer and the Underwriters.

 

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

**
       Insert one of these two provisions, which come from the definition of “offshore
transaction” in Regulation S.

 

    I-2 

     

    

 

EXHIBIT
J

 

FORM
OF TRANSFER CERTIFICATE 

FOR NON-BOOK ENTRY CERTIFICATE 

TO REGULATION S GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement) 

 

[Certificate
Registrar], 

as Certificate Registrar

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of Transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such Non-Book Entry Certificates
for a beneficial interest in the Regulation S Global Certificate (CINS No. [______], ISIN No. [______], and Common Code No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such exchange or transfer
has been made in compliance with the transfer restrictions set forth in the Pooling and Servicing Agreement and pursuant to and
in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities
Act”), and accordingly the Transferor does hereby certify that:

 

(1)       the
offer of the Certificates was not made to a person in the “United States” (as defined in Regulation S);

 

[(2)     at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on
its behalf reasonably believed and believes that the transferee was outside the United States;]*

 

 

*
       Insert one of these two provisions, which come from the
definition of “offshore transaction” in Regulation S.

  

    J-1 

     

    

 

[(2)      the
transaction was executed in, on or through the facilities of a “designated offshore securities market” (as defined
in Regulation S) and neither the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with
a buyer in the United States;] *

 

(3)       no
“directed selling efforts” (as defined in Regulation S) have been made in contravention of the requirements of Rule
903(b) or 904(b) of Regulation S, as applicable;

 

(4)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)       the
transferee is an institution.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate
Administrator, Master Servicer, Special Servicer, Asset Representations Reviewer and the Underwriters.

 

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

    J-2 

     

    
 

EXHIBIT
K

 

FORM
OF TRANSFER CERTIFICATE

FOR NON-BOOK ENTRY CERTIFICATE 

TO RULE 144A GLOBAL CERTIFICATE

 

(Exchange
or transfers pursuant to

Section 5.03(g) of the Pooling and Servicing Agreement)

 

[Certificate
Registrar],

           as Certificate Registrar

[address]

 

		Re:	[certificate
                                         caption], Class [__] 	 

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. Capitalized terms
used but not defined herein shall have the meanings given to them in the Pooling and Servicing Agreement.

 

This
letter relates to US $[______] aggregate [Certificate Balance] [Notional Amount] of the Class [__] Certificates (the “Certificates”)
which are held in the form of Non-Book Entry Certificates of such Class (CUSIP No. [______]) in the name of [insert name of transferor]
(the “Transferor”). The Transferor has requested an exchange or transfer of such beneficial interest for a
beneficial interest in the Rule 144A Global Certificate of such Class (CUSIP No. [______]).

 

In
connection with such request, and in respect of such Certificates, the Transferor does hereby certify that such Certificates are
being exchanged or transferred in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933,
as amended (the “Securities Act”), to a transferee that the Transferor reasonably believes is purchasing the
Certificates for its own account, or for one or more accounts with respect to which the transferee exercises sole investment discretion,
and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A in each
case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state
of the United States or other applicable jurisdiction.

 

We
understand that this certificate is required in connection with certain securities laws of the United States. In connection therewith,
if administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant,
we irrevocably authorize you to produce this certificate to any interested party in such proceeding. This certificate and the
statements contained herein are made for your benefit and the benefit of the Depositor, Trustee, Operating Advisor, Certificate
Administrator, Master Servicer, Special Servicer, Asset Representations Reviewer and the Underwriters.

 

    K-1 

     

    

 

	 	[Insert
    Name of Transferor]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

	Dated:	 	 

 

cc:
[depositor]

 

    K-2 

     

    

 

EXHIBIT
L-1

 

FORM
OF AFFIDAVIT PURSUANT TO

SECTIONS 860D(a)(6)(A) AND 860E(e)(4) OF

THE INTERNAL REVENUE CODE OF 1986, AS AMENDED

 

[Certificate
Administrator],

as
Certificate Administrator

[address]

 

		Re:	[certificate
caption] (the “Certificates”) issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [depositor],
as Depositor, [master servicer], as Master Servicer, [special
servicer], as Special Servicer, [operating advisor], as Operating Advisor,
[trustee], as Trustee, [asset representations
reviewer], as Asset Representations Reviewer and [certificate administrator],
as Certificate Administrator.	 

 

	STATE OF	)
	 	)  ss.:
	COUNTY OF 	)

 

Capitalized
terms not defined herein shall have the meaning ascribed to them in the Pooling and Servicing Agreement.

 

I,
[______], under penalties of perjury, declare that, to the best of my knowledge and belief, the following representations are
true, correct and complete, and being first sworn, depose and say that:

 

1.       I
am a [______] of [______] (the “Purchaser”), on behalf of which I have the authority to make this affidavit.

 

2.       The
Purchaser is acquiring Class R Certificates representing [__]% of the residual interest in each of the real estate mortgage investment
conduits (each, a “REMIC”) designated as the (i) “Lower-Tier REMIC”, (ii) “Upper-Tier
REMIC” and (iii) “[loan-specific] Trust Subordinate Companion
Loan REMIC”, respectively, relating to the Certificates for which an election is to be or has been made under Section
860D of the Internal Revenue Code of 1986 (the “Code”).

 

3.       The
Purchaser is not a “Disqualified Organization” (as defined below), and that the Purchaser is not acquiring
the Class R Certificates for the account of, or as agent or nominee of, or with a view to the transfer of direct or indirect record
or beneficial ownership thereof, to a Disqualified Organization. For the purposes hereof, a Disqualified Organization is any of
the following: (i) the United States, a State or any political subdivision of a State, any possession of the United States or
any agency or instrumentality of any of the foregoing (other than an instrumentality that is a corporation if all of its activities
are subject to tax and, except for

 

    L-1-1 

     

    

 

the
Federal Home Loan Mortgage Corporation, a majority of its board of directors is not selected by any such governmental unit), (ii)
a foreign government, International Organization or agency or instrumentality of either of the foregoing, (iii) an organization
that is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by Code Section 511 on unrelated business
taxable income) on any excess inclusions (as defined in Code Section 860E(c)(1)) with respect to the Class R Certificates (except
certain farmers’ cooperatives described in Code Section 521), (iv) rural electric and telephone cooperatives described in
Code Section 1381(a)(2) or (v) any other Person so designated by the Certificate Registrar based upon an opinion of counsel to
the effect that any transfer to such Person may cause either Trust REMIC to be subject to tax or to fail to qualify as a REMIC
at any time that the Certificates are outstanding. The terms “United States”, “State” and
“international organization” shall have the meanings set forth in Section 7701 of the Code.

 

4.       The
Purchaser acknowledges that Section 860E(e) of the Code would impose a substantial tax on the transferor or, in certain circumstances,
on an agent for the transferee, with respect to any transfer of any interest in any Class R Certificates to a Disqualified Organization.

 

5.       The
Purchaser is a Permitted Transferee. For the purpose hereof, a “Permitted Transferee” is any Person or agent
of such Person other than (a) a Disqualified Organization, (b) any other Person so designated by the Certificate Registrar who
is unable to provide an Opinion of Counsel (provided at the expense of such Person or the Person requesting the transfer) to the
effect that the transfer of an ownership interest in any Class R Certificate to such Person will not cause either Trust REMIC
to fail to qualify as a REMIC at any time that the Certificates are outstanding, (c) a Disqualified Non-U.S. Tax Person, (d) an
entity treated as a U.S. partnership if any of its partners, directly or indirectly (other than through a U.S. corporation) is
(or is permitted to be under the partnership agreement) a Disqualified Non-U.S. Tax Person or (e) a U.S. Tax Person with respect
to which income from a Class R Certificate is attributable to a foreign permanent establishment or fixed base, within the meaning
of an applicable income tax treaty, of the transferee or any other U.S. Tax Person.

 

6.       No
purpose of the acquisition of the Class R Certificates is to impede the assessment or collection of tax.

 

7.       The
Purchaser will not cause income from the Class R Certificate to be attributable to a foreign permanent establishment or fixed
base, within the meaning of an applicable income tax treaty, of the Purchaser or any other U.S. Tax Person.

 

8.       Check
the applicable paragraph:

 

☐      The
present value of the anticipated tax liabilities associated with holding the Class R Certificate, as applicable, does not exceed
the sum of:

 

(i)      the
present value of any consideration given to the Purchaser to acquire such Class R Certificate;

 

(ii)     the
present value of the expected future distributions on such Class R Certificate; and

 

    L-1-2 

     

    

 

(iii)    the
present value of the anticipated tax savings associated with holding such Class R Certificate as the related REMIC generates losses.

 

For
purposes of this calculation, (i) the Purchaser is assumed to pay tax at the highest rate currently specified in Section 11(b)
of the Code (but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate specified in Section
11(b) of the Code if the Purchaser has been subject to the alternative minimum tax under Section 55 of the Code in the preceding
two years and will compute its taxable income in the current taxable year using the alternative minimum tax rate) and (ii) present
values are computed using a discount rate equal to the short-term Federal rate prescribed by Section 1274(d) of the Code for the
month of the transfer and the compounding period used by the Purchaser.

 

☐      The
transfer of the Class R Certificate complies with U.S. Treasury Regulations Sections 1.860E-1(c)(5) and (6) and, accordingly,

 

(i)      the
Purchaser is an “eligible corporation”, as defined in U.S. Treasury Regulations Section 1.860E-1(c)(6)(i), as to which
income from the Class R Certificate will only be taxed in the United States;

 

(ii)     at
the time of the transfer, and at the close of the Purchaser’s two fiscal years preceding the year of the transfer, the Purchaser
had gross assets for financial reporting purposes (excluding any obligation of a Person related to the Purchaser within the meaning
of U.S. Treasury Regulations Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets in excess of $10 million;

 

(iii)    the
Purchaser will transfer the Class R Certificate only to another “eligible corporation,” as defined in Treasury Regulations
Section 1.860E-1(c)(6)(i), in a transaction that satisfies the requirements of Treasury Regulations Sections 1.860E-1(c)(4)(i),
(ii) and (iii) and Treasury Regulations Section 1.860E-1(c)(5); and

 

(iv)    the
Purchaser determined the consideration paid to it to acquire the Class R Certificate based on reasonable market assumptions (including,
but not limited to, borrowing and investment rates, prepayment and loss assumptions, expense and reinvestment assumptions, tax
rates and other factors specific to the Purchaser) that it has determined in good faith.

 

☐      None
of the above.

 

9.       The
Purchaser historically has paid its debts as they have come due and intends to pay its debts as they come due in the future and
the Purchaser intends to pay taxes associated with holding the Class R Certificates as they become due.

 

10.     The
Purchaser understands that it may incur tax liabilities with respect to the Class R Certificate in excess of any cash flows generated
by such Certificate.

 

11.       The
Purchaser is aware that the Certificate Registrar will not register any transfer of a Class R Certificate by the Transferor unless
the Purchaser, or such Purchaser’s agent, delivers to the Certificate Registrar, among other things, an affidavit and agreement
in substantially the same form as this affidavit and agreement. The Purchaser expressly agrees that

 

    L-1-3 

     

    

 

it
will not consummate any such transfer to any Person that does not provide an affidavit and agreement in substantially the same
form as this affidavit and agreement or as to which the Purchaser has actual knowledge that such Person is not a Permitted Transferee
or is acting as an agent (including a broker, nominee or other middleman) for a Person that is not a Permitted Transferee.

 

12.       The
Purchaser represents that it is not acquiring the Class R Certificate as a nominee, trustee or agent for any Person that is not
a Permitted Transferee and that for so long as it retains its interest in the Class R Certificate, it will endeavor to remain
a Permitted Transferee.

 

13.       The
Purchaser consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute
a reasonable arrangement to ensure that the Class R Certificate will only be owned, directly or indirectly, by a Permitted Transferee.

 

14.       The
Purchaser has reviewed the provisions of Section 5.03 of the Pooling and Servicing Agreement, a description of which provisions
is set forth in the Class R Certificates; and the Purchaser expressly agrees to be bound by and to comply with such provisions.

 

15.       The
Purchaser consents (a) to the designation of the Certificate Administrator as the “partnership representative” within
the meaning of Code Section 6223 (to the extent such provision is applicable to the Trust REMICs) of each Trust REMIC pursuant
to Section 4.04(a) of the Pooling and Servicing Agreement and (b) to the Certificate Administrator making any elections allowed
to avoid (i) the application of Code Section 6221 to the Trust REMIC and (ii) payment by the Trust REMIC under Code Section 6225
of any tax, penalty, interest or other amount imposed under the Code that would otherwise be imposed on the holders of the Class
R Certificates.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

    L-1-4 

     

    

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized officer this
___day of _________, 20__.

	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

On
this ____ day of _______20__, before me, the undersigned, a Notary Public in and for the State of _______________, duly commissioned
and sworn, personally appeared ______________________ and ________________________, known or proved to me to be the same persons
who executed the foregoing instrument and to be _____________________________ and ___________________________, respectively, of
the Purchaser, and acknowledged to me that they executed the same as their respective free acts and deeds and as the free act
and deed of the Purchaser.

 

	 		NOTARY
    PUBLIC in and for the

    State of _______________
	 	 	 
	[SEAL]	 
	 	 	 
	My Commission expires:	 
	 	 	 

 

    L-1-5 

     

    

 

EXHIBIT
L-2A

 

FORM
OF TRANSFEROR LETTER

 

[Date]

 

[Certificate
Registrar], 

as
Certificate Registrar

 

[address]

  

		Re:	[certificate
                                         caption], Class R 	 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of Class R Certificates evidencing a [__]% Percentage Interest in such Class (the “Residual
Certificates”). The Certificates, including the Residual Certificates, were issued pursuant to the Pooling and Servicing
Agreement, dated as of [date] (the “Pooling and Servicing Agreement”),
between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator. All capitalized terms used but not otherwise defined herein shall have
the respective meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents and warrants
to you, as Certificate Registrar, that:

 

(1)       No
purpose of the Transferor relating to the transfer of the Residual Certificates by the Transferor to the Transferee is or will
be to impede the assessment or collection of any tax.

 

(2)       The
Transferor understands that the Transferee has delivered to you a Transfer Affidavit and Agreement in the form attached to the
Pooling and Servicing Agreement as Exhibit L-1. The Transferor has no actual knowledge that the Transferee is not a Permitted
Transferee (as defined in such Transfer Affidavit and Agreement) and has no actual knowledge or reason to know that the Transferee’s
representations in clause (9) of such Transfer Affidavit and Agreement are false.

 

(3)       The
Transferor has at the time of this transfer conducted a reasonable investigation of the financial condition of the Transferee
as contemplated by Treasury regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Transferor has determined
that the Transferee has historically paid its debts as they became due and has found no significant evidence to indicate that
the Transferee will not continue to pay its debts as they become due in the future. The Transferor understands that the transfer
of the Residual Certificates may not be respected for United States income tax purposes (and the Transferor may continue to be
liable for United States income taxes associated therewith) unless the Transferor has conducted such an investigation.

 

    L-2A-1 

     

    

 

	 	Very truly
    yours,
	 	 	 
	 	(Transferor)
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    L-2A-2 

     

    

 

EXHIBIT
L-2B

 

FORM
OF TRANSFEROR LETTER FOR TRANSFER OF NON-BOOK ENTRY 

CERTIFICATES (OTHER THAN PUBLIC CERTIFICATES)

 

[Date]

 

[Certificate
Registrar],

          as Certificate Registrar

[address]

 

		Re:	[CERTIFICATE
                                         CAPTION], Class [__] 	 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of [$[______] aggregate [principal balance][notional amount]][[__]% Percentage Interest] of the
Class [___] Certificates (the “Transferred Certificate”) which are held in the form of [a beneficial interest
in the [Rule 144A][Regulation S] Global Certificate][Non-Book Entry Certificate] of such Class (CUSIP No. [______]). The Transferor
has requested a transfer of such [beneficial interest][Non-Book Entry Certificate] for a Non-Book Entry Certificate of such Class
(CUSIP No. [______]). The Certificates, including the Transferred Certificate, were issued pursuant to the Pooling and Servicing
Agreement, dated as of [DATE] (the “Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER
SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE],
as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate
Administrator. Capitalized terms used but not defined herein shall have the meanings given to them in the Pooling and Servicing
Agreement. The Transferor hereby certifies, represents and warrants to you, as Certificate Registrar, that:

 

(1)       The
Transferor is the lawful owner of the Transferred Certificate with the full right to transfer such Certificate free from any and
all claims and encumbrances whatsoever.

 

(2)       Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of any Certificate,
any interest in any Certificate or any other similar security to any person in any manner, (b) solicited any offer to buy or accept
a transfer, pledge or other disposition of any Certificate, any interest in any Certificate or any other similar security from
any person in any manner, (c) otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate
or any other similar security with any person in any manner, (d) made any general solicitation by means of general advertising
or in any other manner, or (e) taken any other action, which (in the case of any of the acts described in clauses (a) through
(e) hereof) would constitute a distribution of any Certificate under the

 

    L-2B-1 

     

    

 

Securities
Act of 1933, as amended (the “Securities Act”), or would render the disposition of any Certificate a violation
of Section 5 of the Securities Act or any state securities laws, or would require registration or qualification of any Certificate,
or any offer or sale thereof, pursuant to the Securities Act or any state securities laws.

 

	 	Very truly
    yours,
	 	 	 
	 	(Transferor)
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    L-2B-2 

     

    

 

EXHIBIT
L-3

 

FORM
OF TRANSFEREE LETTER

 

[Date]

 

 

 

[Certificate
Registrar],

             as Certificate Registrar

[address]

  

[Certificate
Administrator],

             as
Certificate Administrator 

[address]

  

[trustee],             

             as
Trustee

[address]

  

[depositor] 

[address]

 

[Transferor]

[______]

[______]

 

Attention:
[______]

 

		Re:	[certificate
                                         caption] 	 

 

Ladies
and Gentlemen: 

 

The
undersigned (the “Purchaser”) proposes to purchase [$_____________ initial aggregate [principal amount] [notional
amount]] [_____% Percentage Interest] of [certificate caption], Class [_], CUSIP
No. [____], in certificated fully registered form (such registered interest, the “Certificate”), issued pursuant
to that certain pooling and servicing agreement, dated as of [date] (the “Pooling
and Servicing Agreement”), between [depositor], as Depositor, [master
servicer], as Master Servicer, [special servicer], as Special Servicer,
[operating advisor], as Operating Advisor, [trustee],
as Trustee, [asset representations reviewer], as Asset Representations Reviewer
and [certificate administrator], as Certificate Administrator. Capitalized terms
used and not otherwise defined herein have the respective meanings ascribed to such terms in the Pooling and Servicing Agreement.

 

[FOR
TRANSFERS OF CLASS [__], CLASS [__] OR CLASS [__] CERTIFICATES: In connection with such transfer, the Purchaser hereby represents
and warrants to you that the Purchaser (A) either (i) is not and will not be an employee benefit plan or other plan subject to
the fiduciary responsibility or prohibited transaction provisions of the Employee

 

    L-3-1 

     

    

 

Retirement
Income Security Act of 1974, as amended (“ERISA”) or section 4975 of the Internal Revenue Code of 1986, as
amended (the “Code”, and any such employee benefit plan or other plan, a “Plan”) or an entity
or collective investment fund the assets of which are considered Plan assets under U.S. Department of Labor Reg. Section 2510.3-101,
as modified by Section 3(42) of ERISA, or other person acting on behalf of any such Plan or using assets of any such Plan, or
(ii) (1) is an insurance company, (2) the source of funds used to acquire or hold the Certificate or an interest therein is an
“insurance company general account,” as such term is defined in Prohibited Transaction Class Exemption (“PTCE”)
95-60 and (3) the conditions in Sections I and III of PTCE 95-60 have been satisfied and (B) is not and will not be a governmental
plan (as defined in Section 3(32) of ERISA) subject to any federal, state or local law that is, to a material extent, similar
to the fiduciary responsibility or prohibited transaction provisions of ERISA or Code Section 4975 (“Similar Law”)
or any Person acting on behalf of any such governmental plan or using the assets of such governmental plan to acquire the Certificate
unless its acquisition, holding and disposition of the Certificate would not constitute or otherwise result in a non-exempt violation
of Similar Law.]

 

[FOR
TRANSFERS OF CLASS [R] OR CLASS [ARD] CERTIFICATES: In connection with such transfer, the Purchaser hereby represents and warrants
to you that the Purchaser (A) is not and will not be an employee benefit plan or other plan subject to the fiduciary responsibility
or prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)
or section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”, and any such employee benefit
plan or other plan, a “Plan”) or an entity or collective investment fund the assets of which are considered
Plan assets under U.S. Department of Labor Reg. Section 2510.3-101, as modified by Section 3(42) of ERISA, or other person acting
on behalf of any such Plan or using assets of any such Plan and (B) is not and will not be a governmental plan subject to any
federal, state or local law that is, to a material extent, similar to the fiduciary responsibility or prohibited transaction provisions
of ERISA or Code Section 4975 (“Similar Law”) or any Person acting on behalf of any such governmental plan
or using the assets of such governmental plan to acquire the Certificate.]

 

[FOR
TRANSFERS OF CLASS [R] CERTIFICATES: The Purchaser hereby represents and warrants to you that the Purchaser is a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended.]

 

[FOR
TRANSFERS OF CLASS [ARD] CERTIFICATES: The Purchaser hereby represents and warrants to you that the Purchaser is (1) a “qualified
institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended, or (2) an entity that
qualifies as an “accredited investor” within the meaning of Rule 501(a) (1), (2), (3) or (7) under the Securities
Act of 1933, as amended, or an entity in which all of the equity owners qualify as “accredited investors” within the
meaning of Rule 501(a) (1), (2), (3) or (7) under the Securities Act of 1933, as amended.]

 

    L-3-2 

     

    

  

IN
WITNESS WHEREOF, the Purchaser hereby executes this Representation Letter on the ___ day of _____, ____.

 

	 	Very truly
    yours,
	 	 	 
	 	[The Purchaser]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

    L-3-3 

     

    

 

EXHIBIT
L-4

 

FORM
OF INVESTMENT REPRESENTATION LETTER

 

[Date]

 

[Certificate
Registrar],

             as Certificate Registrar

[address]

 

[Certificate
Administrator], 

             as
Certificate Administrator 

[address]

 

[trustee],

             as
Trustee

[address]

 

[depositor]

[address]

 

		Re:	[issuing
                                         entity], Commercial Mortgage Pass-Through Certificates, [series
                                         designation], Class [__] (the “Class [__] Certificates”)

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 5.03 of the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [depositor],
as depositor, [master servicer], as master servicer, [special
servicer], as special servicer, [operating advisor], as operating advisor,
[trustee], as trustee, [certificate administrator],
as certificate administrator, [asset representations reviewer], as Asset Representations
Reviewer, on behalf of the holders of Commercial Mortgage Pass Through Certificates, [series
designation] (the “Certificates”), in connection with the transfer by [ ] (the “Seller”)
to the undersigned (the “Purchaser”) of $______ aggregate [Certificate Principal Amount] [Notional Amount]
of Class [ ] Certificates [representing a ___% Percentage Interest in the related Class], in certificated fully registered form
(such registered interest, the “Transferred Certificate”). Capitalized terms used but not defined herein shall
have the meanings ascribed thereto in the Pooling and Servicing Agreement.

 

In
connection with such transfer, the undersigned hereby represents and warrants to you as follows:

 

1.       The
Purchaser is an “institutional accredited investor” (an “Institutional Accredited Investor”), (i.e. an
entity meeting, or in which all of the equity owners meet, the requirements of Rule 501(a)(1), (2), (3) or (7) of Regulation D
promulgated under the Securities Act of 1933, as amended (the “Securities Act”)) and has such knowledge and
experience in

 

    L-4-1 

     

    

 

financial
and business matters as to be capable of evaluating the merits and risks of the investment in the Transferred Certificate, and
the Purchaser and any accounts for which the Purchaser is acting are each able to bear the economic risk of our or its investment.
The Purchaser is acquiring the Transferred Certificate for its own account or for one or more accounts (each of which is an Institutional
Accredited Investor) as to each of which the Purchaser exercises sole investment discretion. [FOR TRANSFERS OF CLASS R CERTIFICATES:
Furthermore, the Purchaser and any such account are each a “qualified institutional buyer” (within the meaning of
Rule 144A under the Securities Act).]The Purchaser hereby undertakes to reimburse the Trust for any costs incurred by it in connection
with this transfer.

 

2.       The
Purchaser’s intention is to acquire the Transferred Certificate (a) for investment for the Purchaser’s own account
or (b) for resale to (i) “qualified institutional buyers” in transactions complying with Rule 144A[,FOR TRANSFERS
OF ANY CERTIFICATES OTHER THAN CLASS R: or (ii) Institutional Accredited Investors under the Securities Act, pursuant to any other
exemption from the registration requirements of the Securities Act, subject in the case of this clause (ii) to (a) the receipt
by the Certificate Registrar of a letter substantially in the form hereof, (b) the receipt by the Certificate Registrar of an
opinion of counsel acceptable to the Certificate Registrar that such reoffer, resale, pledge or transfer is in compliance with
the Securities Act, (c) the receipt by the Certificate Registrar of such other evidence acceptable to the Certificate Registrar
that such reoffer, resale, pledge or transfer is in compliance with the Securities Act and other applicable laws (including applicable
state and foreign securities laws), and (d) a written undertaking to reimburse the Trust for any costs incurred by it in connection
with the proposed transfer.] It understands that the Transferred Certificate (and any subsequent Non-Book Entry Certificate) has
not been registered under the Securities Act, by reason of a specified exemption from the registration provisions of the Securities
Act which depends upon, among other things, the bona fide nature of the Purchaser’s investment intent (or intent to resell
to only certain investors in certain exempted transactions) as expressed herein.

 

3.       The
Purchaser acknowledges that the Transferred Certificate (and any Certificate issued on transfer or exchange thereof) has not been
registered or qualified under the Securities Act or the securities laws of any State or any other jurisdiction, and that the Transferred
Certificate cannot be reoffered, resold, pledged or otherwise transferred unless it is registered or qualified thereunder or unless
an exemption from such registration or qualification is available.

 

4.       The
Purchaser has reviewed the applicable Offering Circular dated June 24, 2015, relating to the Private Certificates (the “Offering
Circular”) and the agreements and other materials referred to therein and has had the opportunity to ask questions and
receive answers concerning the terms and conditions of the transactions contemplated by the Offering Circular.

 

5.       The
Purchaser hereby undertakes to be bound by the terms and conditions of the Pooling and Servicing Agreement in its capacity as
an owner of a Non-Book Entry Certificate or Certificates, as the case may be (each, a “Certificateholder”),
in all respects as if it were a signatory thereto. This undertaking is made for the benefit of the Trust, the Certificate Registrar
and all Certificateholders present and future.

 

    L-4-2 

     

    

 

6.       The
Purchaser will not sell or otherwise transfer any portion of the Transferred Certificate, except in compliance with Section 5.03
of the Pooling and Servicing Agreement.

 

7.       Check
one of the following:

 

☐      The
Purchaser is a “U.S. Tax Person” and it has attached hereto an Internal Revenue Service (“IRS”) Form W-9
(or successor form).

 

☐      The
Purchaser is not a “U.S. Tax Person” and under applicable law in effect on the date hereof, no taxes will be required
to be withheld by the Certificate Administrator (or its agent) with respect to Distributions to be made on the Transferred Certificate(s).
The Purchaser has attached hereto (i) a duly executed IRS Form W-8BEN or W-8 BEN-E, as applicable (or successor form), which identifies
such Purchaser as the beneficial owner of the Transferred Certificate(s) and states that such Purchaser is not a U.S. Person,
(ii) two duly executed copies of IRS Form W-8IMY (and all appropriate attachment) or (iii) two duly executed copies of IRS Form
W-8ECI (or successor form), which identify such Purchaser as the beneficial owner of the Transferred Certificate(s) and state
that interest and original issue discount on the Transferred Certificate(s) is, or is expected to be, effectively connected with
a U.S. trade or business. The Purchaser agrees to provide to the Certificate Administrator an updated IRS Form W-8BEN, IRS Form
W-8 BEN-E, IRS Form W-8IMY or IRS Form W-8ECI, as the case may be, any applicable successor IRS forms, or such other certifications
as the Certificate Administrator may reasonably request, on or before the date that any such IRS form or certification expires
or becomes obsolete, or promptly after the occurrence of any event requiring a change in the most recent IRS form of certification
furnished by it to the Certificate Administrator.

 

For
the purposes of this paragraph 7, “U.S. Tax Person” means a citizen or resident of the United States, a corporation,
partnership (except to the extent provided in applicable Treasury Regulations), or other entity 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, 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. Tax Persons have the authority to control all substantial decisions of such trust (or,
to the extent provided in applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to
be treated as U.S. Tax Persons).

 

Please
make all payments due on the Transferred Certificates:**

 

(a)       by
wire transfer to the following account at a bank or entity in New York, New York, having appropriate facilities therefor:

	 	 	 	 
	 	Account number:	 	 

 

	 	Institution:	 	 

 

 

 

**       Please
select (a) or (b).

 

    L-4-3 

     

    

 

	 	 	 
	 	(b)       by mailing a check
    or draft to the following address:	 
	 	 	 
	 	 	 
	 	 

                                               
	 
	 	 

	 	Very truly
    yours,
	 	 	 
	 	[Insert Name of Purchaser]
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

  

	Dated:	 	 , 20	 	 

 

    L-4-4 

     

    

 

EXHIBIT
L-5A

 

FORM
OF TRANSFEREE Certificate for Transfer of vrr INTEREST 

 

[Date]

 

	[Certificate
    Registrar],

                as Certificate Registrar

    [address]	 	[depositor]

    [address]
	 

        [RETAINING
        SPONSOR]

        [ADDRESS]

        
	 	 

 

 

 

		Re:	[ISSUING
                                         ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION] (the “Certificates”)
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [DATE] (the “Pooling
                                         and Servicing Agreement”), between [DEPOSITOR], as depositor, [MASTER SERVICER],
                                         as master servicer, [SPECIAL SERVICER], as special servicer, [OPERATING ADVISOR], as
                                         operating advisor, [TRUSTEE], as trustee, [CERTIFICATE ADMINISTRATOR], as certificate
                                         administrator, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer 

 

Ladies
and Gentlemen:

 

[_____]
(the “Purchaser”) hereby agrees with, and certifies, represents and warrants to, you, in your respective capacities
as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         Purchaser is acquiring from [__________] (the “Transferor”) $[_____]
                                         principal balance of the Class VRR Certificates (the “Transferred Interest”).

 

		2.	The
                                         Purchaser is aware that, following its acquisition of the Transferred Interest, the Certificate
                                         Registrar will not register any transfer of the Transferred Interest by the Purchaser
                                         unless the transferee, or such transferee’s agent, delivers to the Certificate
                                         Registrar, among other things, a certificate in substantially the same form as this certificate.
                                         The Purchaser expressly agrees that it will not consummate any such transfer if it knows
                                         or believes that any representation contained in such certificate is false.

 

		3.	If
                                         the Purchaser is an insurance company general account relying on PTCE 95-60 to cover
                                         its acquisition of any ERISA Restricted Certificate constituting a portion of the Transferred
                                         Interest, (a) all of the conditions of Parts I and III of PTCE 95-60 will be satisfied
                                         with respect to the acquisition of such ERISA Restricted Certificate and (b) the acquisition
                                         of such ERISA Restricted Certificate will be effected through [UNDERWRITERS], or an affiliate
                                         thereof.

 

    L-5A-1 

     

    

 

		4.	Check
                                         one of the following:

 

☐       The
Purchaser agrees with, and certifies, represents and warrants to, you, in your respective capacities as Certificate Registrar,
Retaining Sponsor and Depositor, that the transfer will occur during the VRR Interest Transfer Restriction Period and that:

 

		A.	The
                                         Purchaser is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	The
                                         Purchaser is not acquiring the Transferred Interest as a nominee, trustee or agent for
                                         any person that is not a Majority-Owned Affiliate, and that for so long as it retains
                                         its interest in the Transferred Interest, it will remain a Majority-Owned Affiliate.

 

		C.	The
                                         Purchaser has executed and delivered a joinder agreement substantially in the form attached
                                         as Exhibit C to the Vertical Credit Risk Retention Agreement, dated and effective
                                         as of [date] (the “Vertical Credit
                                         Risk Retention Agreement”), between [RETAINING SPONSOR], [OTHER SPONSORS] and
                                         the Depositor, pursuant to which the Purchaser has agreed to be bound by the terms of
                                         the Vertical Credit Risk Retention Agreement to the same extent as if the Purchaser was
                                         the Transferor.

 

		D.	The
                                         Purchaser hereby makes each representation set forth in Section 4(b) of the Vertical
                                         Credit Risk Retention Agreement, other than the representations in Sections [4(b)(viii)]
                                         and [4(b)(ix)] [and except that it is a [_____], duly organized, validly existing and
                                         in good standing under the laws of [_____]].

 

		E.	The
                                         Purchaser consents to any additional restrictions or arrangements that shall be deemed
                                         necessary upon advice of counsel to constitute a reasonable arrangement to ensure that
                                         its ownership of the Transferred Interest will satisfy the risk retention requirements
                                         of the Transferor, in its capacity as [the retaining sponsor][an originator] under Regulation
                                         RR.

 

[_]       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor
and Depositor, that the transfer will occur after the termination of the VRR Interest Transfer Restriction Period.

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

	 	 	 
	 	[PURCHASER]

 

    L-5A-2 

     

    

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

	 	 	 
	[APPLICABLE RETAINING PARTY]1	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

	[RETAINING SPONSOR]2	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

	[DEPOSITOR]	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

 

1
Signature of Retaining Party is required if the Retaining
Party is different than the transferor

 

2 Signature
of Retaining Sponsor is required if the Retaining Sponsor is different than the applicable Retaining Party

 

    L-5A-3 

     

    

 

EXHIBIT
L-5B

 

FORM
OF TRANSFEREE Certificate for Transfer of HrR INTEREST 

 

[Date]

 

	[Certificate
    Registrar],

                as Certificate Registrar

    [address]	 	[depositor]

    [address]
	 

        [RETAINING
        SPONSOR]

        [ADDRESS]

        
	 	 

  

		Re:	[ISSUING
                                         ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION] (the “Certificates”)
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [DATE] (the “Pooling
                                         and Servicing Agreement”), between [DEPOSITOR], as depositor, [MASTER SERVICER],
                                         as master servicer, [SPECIAL SERVICER], as special servicer, [OPERATING ADVISOR], as
                                         operating advisor, [TRUSTEE], as trustee, [CERTIFICATE ADMINISTRATOR], as certificate
                                         administrator, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer

 

Ladies
and Gentlemen:

 

[_____]
(the “Purchaser”) hereby certifies, represents and warrants to you, in your respective capacities as Certificate
Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         Purchaser is acquiring from [__________] (the “Transferor”) Class
                                         [___], Class [___], Class [___] and Class [___] Certificates in the principal balances
                                         set forth below (collectively, the “Transferred Interest”):

	Class
    	Principal
    Balance
	Class
    [___]	$
	Class
    [___]	$
	Class
    [___]	$
	Class
    [___]	$

 

		2.	The
                                         Purchaser is aware that, following its acquisition of the Transferred Interest, the Certificate
                                         Registrar will not register any transfer of the Transferred Interest by the Purchaser
                                         unless the transferee, or such transferee’s agent, delivers to the Certificate
                                         Registrar, among other things, a certificate in substantially the same form as this 

 

    L-5B-1

     

    

 

	 	 	certificate.
                                         The Purchaser expressly agrees that it will not consummate any such transfer if it knows
                                         or believes that any representation contained in such certificate is false.

 

		3.	If
                                         the Purchaser is an insurance company general account relying on PTCE 95-60 to cover
                                         its acquisition of the Transferred Interest, (a) all of the conditions of Parts I and
                                         III of PTCE 95-60 will be satisfied with respect to the acquisition of the Transferred
                                         Interest and (b) the acquisition of the Transferred Interest will be effected through
                                         [UNDERWRITERS], or an affiliate thereof.

 

		4.	Check
                                         one of the following:

 

☐       The
Purchaser agrees with, and certifies, represents and warrants to you, in your respective capacities as Certificate Registrar,
Retaining Sponsor and Depositor, that the transfer will occur during the RR Interest Transfer Restriction Period and that:

 

		A.	The
                                         Purchaser is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor (a “Majority-Owned Affiliate”).

 

		B.	The
                                         Purchaser is not acquiring the Transferred Interest as a nominee, trustee or agent for
                                         any person that is not a Majority-Owned Affiliate, and that for so long as it retains
                                         its interest in the Transferred Interest, it will remain a Majority-Owned Affiliate.

  

		C.	The
                                         Purchaser has executed and delivered a joinder agreement, dated as of the date of the
                                         transfer, substantially in the in the form attached as Exhibit A to the TPP Risk Retention
                                         Agreement, dated as of [DATE] (the “TPP Risk Retention Agreement”),
                                         between [DEPOSITOR], [RETAINING SPONSOR], and [THIRD PARTY PURCHASER], pursuant to which
                                         the Purchaser has agreed to be bound by the terms of the TPP Risk Retention Agreement
                                         to the same extent as if the Purchaser was the Transferor itself.

 

☐       The
Purchaser agrees with, and certifies, represents and warrants to you, in your respective capacities as Certificate Registrar,
Retaining Sponsor and Depositor, that the transfer will occur after the termination of the RR Interest Transfer Restriction Period.

 

☐       The
Purchaser certifies, represents and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor
and Depositor, that the transfer will occur on or after the fifth anniversary of the Closing Date and that:

 

A.       The
Purchaser is a “Subsequent Third Party Purchaser”, as such term is defined in the TPP Retention Agreement, dated as
of [DATE] (the “TPP Risk Retention Agreement”), between [DEPOSITOR], [RETAINING SPONSOR], and [THIRD PARTY
PURCHASER].

 

B.       The
Purchaser has executed and delivered to the Retaining Sponsor a “Subsequent TPP Risk Retention Agreement” (as such
term is defined in the TPP Risk Retention Agreement) dated as of the date of the transfer, as required pursuant to Section [6(iv)]
of the TPP Risk Retention Agreement.

 

    L-5B-2

     

    

 

C.       The
transfer will be made in accordance with Section [6] of the TPP Risk Retention Agreement, and the Purchaser has complied with
all the provisions, and has satisfied all the requirements, set forth in Section [6] of the TPP Risk Retention Agreement.

 

☐       The
Purchaser is otherwise permitted to purchase the Transferred Interest under the terms of the TPP Risk Retention Agreement or a
Subsequent TPP Risk Retention Agreement (as defined in the TPP Risk Retention Agreement), as applicable, or under the terms of
any joinder agreement to the TPP Risk Retention Agreement or such Subsequent TPP Risk Retention Agreement, as applicable. Please
provide additional information in the space below to explain: 

	 
	 
	 
	 
	 

 

Capitalized
terms used but not defined herein have the meanings assigned thereto in the Pooling and Servicing Agreement.

 

IN
WITNESS WHEREOF, the Purchaser has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__. 

	 	 	 
	 	[PURCHASER]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

  

	[APPLICABLE RETAINING PARTY]	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

    L-5B-3

     

    

 

	[RETAINING SPONSOR]3	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

 

 

3
Signature of Retaining Sponsor is required if the Retaining Sponsor is different than the
applicable Retaining Party

 

    L-5B-4

     

    

 

EXHIBIT
L-6A

 

FORM
OF TRANSFEROR Certificate for Transfer of VRR INTEResT

 

[Date]

 

	[Certificate
    Registrar],

                as Certificate Registrar

    [address]	 	[depositor]

    [address]
	 

        [RETAINING
        SPONSOR]

        [ADDRESS]

        
	 	 

 

		Re:	[ISSUING
                                         ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION] (the “Certificates”)

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of $[_____] principal balance of the Class VRR Certificates (the “Transferred Interest”).

 

The
Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of [DATE] (the “Pooling and Servicing
Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special
Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations
Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. All capitalized terms used but not otherwise defined herein
shall have the respective meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

		1.	The
                                         transfer is in compliance with Sections 5.02 and 5.03 of the Pooling and Servicing Agreement.

 

		2.	Check
                                         one of the following:

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         during the VRR Interest Transfer Restriction Period and that:

 

		A.	The
                                         transfer is in compliance with the Vertical Credit Risk Retention Agreement, between
                                         [RETAINING SPONSOR], [OTHER SPONSORS] and the Depositor, dated and effective as of [DATE]
                                         (the “Vertical Credit Risk Retention Agreement”).

 

    L-6A-1 

     

    

 

		B.	The
                                         Transferee is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor.

 

		C.	The
                                         Transferor has complied in all material respects with all of the covenants in the Vertical
                                         Credit Risk Retention Agreement during the period from the date of the Vertical Credit
                                         Risk Retention Agreement through and including the date of this transfer.

 

		D.	All
                                         of the representations and warranties made by the Transferor in the Vertical Credit Risk
                                         Retention Agreement are true and correct as of the date of the transfer.

 

		E.	All
                                         of the requirements set forth in Section [3(c)] of the Vertical Credit Risk Retention
                                         Agreement have been complied with through and including the date of the transfer.

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         after the termination of the VRR Interest Transfer Restriction Period.

 

		3.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Pooling and Servicing Agreement as Exhibit L-5A. The
                                         Transferor does not know or believe that any representation contained therein is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

	 	 	 
	 	[TRANSFEROR]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

    L-6A-2 

     

    

 

	[APPLICABLE RETAINING PARTY]4	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

  

[Medallion
Stamp Guarantee]

 

	[RETAINING SPONSOR]5	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

	[DEPOSITOR]	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

  

 

 

4
Signature of Retaining Party is required if the Retaining
Party is different than the transferor

 

5 Signature
of Retaining Sponsor is required if the Retaining Sponsor is different than the applicable Retaining Party

 

 

    L-6A-3 

     

    

 

EXHIBIT
L-6B

 

FORM
OF TRANSFEROR Certificate for Transfer of HRR INTEREST

 

[Date]

 

	[Certificate
    Registrar],

                as Certificate Registrar

    [address]	 	[depositor]

    [address]
	 

        [RETAINING
        SPONSOR]

        [ADDRESS]

        
	 	 

 

		Re:	[ISSUING
                                         ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION] (the
                                         “Certificates”) 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by [______] (the “Transferor”) to [______] (the
“Transferee”) of Class [___], Class [___], Class [___] and Class [___] Certificates in the principal balances
set forth below (collectively, the “Transferred Interest”):

 

	Class
    	Principal
    Balance
	Class
    [___]	$
	Class
    [___]	$
	Class
    [___]	$
	Class
    [___]	$

 

The
Certificates were issued pursuant to the Pooling and Servicing Agreement, dated as of [DATE] (the “Pooling and Servicing
Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special
Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations
Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator. All capitalized terms used but not otherwise defined herein
shall have the respective meanings set forth in the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, in your respective capacities as Certificate Registrar, Retaining Sponsor and Depositor, that:

 

    L-6B-1 

     

    

 

		4.	The
                                         transfer is in compliance with Sections 5.02 and 5.03 of the Pooling and Servicing Agreement.

 

		5.	Check
                                         one of the following:

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         during the RR Interest Transfer Restriction Period and that:

 

		A.	The
                                         Transferee is a “majority-owned affiliate”, as such term is defined in Regulation
                                         RR, of the Transferor.

 

		B.	The
                                         transfer will be made in accordance with Section [5] of the TPP Risk Retention Agreement,
                                         dated as of [DATE] (the “TPP Risk Retention Agreement”), between [DEPOSITOR],
                                         [RETAINING SPONSOR], and [THIRD PARTY PURCHASER], and all of the requirements set forth
                                         in Section [5] of the TPP Risk Retention Agreement have been complied with through and
                                         including the date of the transfer.

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         after the termination of the RR Interest Transfer Restriction Period.

 

		☐	The
                                         Transferor certifies, represents and warrants to you, in your respective capacities as
                                         Certificate Registrar, Retaining Sponsor and Depositor, that the transfer will occur
                                         on or after the fifth anniversary of the Closing Date and that:

 

		A.	The
                                         transfer will be made in accordance with Section [6] of the TPP Risk Retention Agreement
                                         (the “TPP Risk Retention Agreement”), dated as of [DATE], between
                                         [DEPOSITOR], [RETAINING SPONSOR], and [THIRD PARTY PURCHASER], and all of the requirements
                                         set forth in Section 6 of the TPP Risk Retention Agreement have been complied with through
                                         and including the date of the transfer.

 

		☐	The
Transferor is otherwise permitted to transfer the Transferred Interest under the terms of the TPP Risk Retention Agreement or
a Subsequent TPP Risk Retention Agreement (as defined in the TPP Risk Retention Agreement), as applicable, or under the terms
of any joinder agreement to the TPP Risk Retention Agreement or such Subsequent TPP Risk Retention Agreement, as applicable. Please
provide additional information in the space below to explain: 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    L-6B-2 

     

    

 

		6.	The
                                         Transferor understands that the Transferee has delivered to you a Transferee Certificate
                                         in the form attached to the Pooling and Servicing Agreement as Exhibit L-5A. The
                                         Transferor does not have knowledge, after reasonable due diligence, that any representation
                                         contained therein is false.

 

IN
WITNESS WHEREOF, the Transferor has caused this instrument to be duly executed on its behalf by its duly authorized senior officer
this ___day of _________, 20__.

	 	 	 
	 	 	[TRANSFEROR]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    L-6B-3 

     

    

 

The
foregoing certificate is hereby confirmed, and the transfer is accepted, as of the date first above written:

 

 

	[APPLICABLE RETAINING PARTY]6	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

	[RETAINING SPONSOR]7	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 

 

 

 

6
Signature of Retaining Party is required if the Retaining
Party is different than the transferor

 

7 Signature
of Retaining Sponsor is required if the Retaining Sponsor is different than the applicable Retaining Party

 

 

    L-6B-4 

     

    

  

EXHIBIT
M-1A

FORM OF INVESTOR CERTIFICATION FOR NON-BORROWER PARTY

(FOR PERSONS OTHER THAN THE CONTROLLING CLASS REPRESENTATIVE

AND/OR A CONTROLLING CLASS CERTIFICATEHOLDER)

 

[Date]

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
                                         caption] 	 

 

In
accordance with the requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [the][a] [[investment advisor or manager of a][Certificateholder][Certificate Owner][prospective purchaser] of
the Class ___ Certificates][Risk Retention Consultation Party][Serviced Companion Loan Holder][Companion Loan Holder Representative],
and is neither the Controlling Class Representative nor a Controlling Class Certificateholder.

 

2.       The
undersigned has received a copy of the Prospectus.8

 

 

8
Only required for a Certificateholder, a Certificate Owner,
a Risk Retention Consultation Party or a prospective purchaser of a Certificate (or an investment advisor or manager of the foregoing).

 

    M-1A-1

     

    

 

3.       The
undersigned is not a Borrower Party.

 

4.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
[Master Servicer’s website][Certificate Administrator’s Website] and/or is requesting the information identified on
the schedule attached hereto (also, the “Information”) pursuant to the provisions of the Agreement.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing
the related Certificates or the related Companion Loan (as and if applicable), from its accountants and attorneys, and otherwise
from such governmental or banking authorities or agencies to which the undersigned is subject and, if they execute and deliver
a certification substantially similar to this, except from holders, beneficial owners and prospective purchasers of any related
Companion Loan Securities (if applicable)), and such Information will not, without the prior written consent of the Trustee, be
otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively,
the “Representatives”) in any manner whatsoever, in whole or in part, unless required to do so by law.

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer, the
Asset Representations Reviewer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

 

6.       The
undersigned agrees that each time it accesses the [Master Servicer’s website][Certificate Administrator’s Website],
the undersigned is deemed to have recertified that the representations and covenants contained herein remain true and correct.

 

7.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

IN
WITNESS WHEREOF, the undersigned has caused its name to be signed hereto by its duly authorized signatory, as of the day and year
written above.

	 	 	 	 	 	 	 	 
	 	[[Investment advisor or
                    manager of a] 

                    [Certificateholder][Certificate 

                    Owner][Prospective Purchaser][Risk Retention 

                    Consultation Party][Serviced Companion Loan 

                    Holder][Companion Loan Holder 

                    Representative]

	 	 
	 	By:	 	 	 

 

    M-1A-2

     

    

	 	 	 	 	 	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	Company:	 	 
	 	Phone:	 	 	 

 

 

    M-1A-3

     

    

 

EXHIBIT
M-1B

FORM OF INVESTOR CERTIFICATION FOR NON-BORROWER PARTY

(FOR THE CONTROLLING CLASS REPRESENTATIVE AND/OR A CONTROLLING

CLASS CERTIFICATEHOLDER)

 

[Date]

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
                                         caption] 	 

 

In
accordance with the requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [the Controlling Class Representative][a Controlling Class Certificateholder].

 

2.       The
undersigned is not a Borrower Party.

 

3.       The
undersigned is requesting access pursuant to the Agreement to certain information (the “Information”) on the
Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside

 

    M-1B-1 

     

    

 

persons
as are assisting it in making an evaluation in connection with its holding or purchasing the related Certificates, from its accountants
and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is subject), and
such Information will not, without the prior written consent of the Trustee, be otherwise disclosed by the undersigned or by its
officers, directors, partners, employees, agents or representatives (collectively, the “Representatives”) in
any manner whatsoever, in whole or in part, unless required to do so by law.

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master
Servicer, the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

 

5.       At
any time the undersigned becomes a Borrower Party with respect to any Mortgage Loan, the undersigned shall deliver the certification
attached as Exhibit M-1C to the Agreement and shall deliver to the applicable parties the notices attached as Exhibit M-1F and
Exhibit M-1G to the Agreement.

 

6.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide
such Excluded Information to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel
of the undersigned, (D) any Affiliate involved in the management of any investment in any related Borrower Party or the related
Mortgaged Property or (E) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any
related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in
order to comply with the obligations described in clause (i) above.

 

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the day and year written above.

 

    M-1B-2 

     

    

	 	 	 	 	 	 	 	 
	 	[The Controlling
    Class Representative][a
	 	Controlling Class Certificateholder]
	 	 
	 	By:	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	Company:	 	 

 

    M-1B-3 

     

    

 

EXHIBIT
M-1C

FORM OF INVESTOR CERTIFICATION FOR BORROWER PARTY

(FOR THE CONTROLLING CLASS REPRESENTATIVE AND/OR A CONTROLLING

CLASS CERTIFICATEHOLDER)

 

[Date]

 

[master
servicer]

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
caption] 	 

 

In
accordance with the requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [the Controlling Class Representative][a Controlling Class Certificateholder].

 

2.       The
undersigned is a Borrower Party with respect to the following Mortgage Loans (the “Excluded Controlling Class Mortgage
Loans”):

 

	Mortgage
    Loan Number	Loan
    Name	Borrower
    Name
	 	 	 
	 	 	 
	 	 	 

 

    M-1C-1 

     

    

3.       Except
with respect to the Excluded Controlling Class Mortgage Loans, the undersigned is requesting access pursuant to the Agreement
to certain information (the “Information”) on the Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing
the related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies
to which the undersigned is subject), and such Information will not, without the prior written consent of the Trustee, be otherwise
disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the
“Representatives”) in any manner whatsoever, in whole or in part, unless required to do so by law.

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

4.       The
undersigned hereby acknowledges and agrees that it is prohibited from accessing, reviewing and using, and shall not access, review
or use, Excluded Information (as defined in the Agreement) relating to the Excluded Controlling Class Mortgage Loans to the extent
the undersigned receives access to such Excluded Information on the Certificate Administrator’s Website or otherwise receives
access to such Excluded Information in connection with its duties, or exercise of its rights pursuant to the Agreement.

 

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master
Servicer, the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

 

6.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide
such Excluded Information to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel
of the undersigned, (D) any Affiliate involved in the management of any investment in any related Borrower Party or the related
Mortgaged Property or (E) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any
related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in
order to comply with the obligations described in clause (i) above.

 

    M-1C-2 

     

    

 

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the day and year written above.

	 	 	 	 	 	 	 	 
	 	[The Controlling
    Class Representative] [a
	 	Controlling Class Certificateholder]
	 	 
	 	By:	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	Company:	 	 

 

    M-1C-3 

     

    

 

EXHIBIT
M-1D

 

FORM
OF INVESTOR CERTIFICATION for Borrower PartY

(for Persons other than the CONTROLLING CLASS REPRESENTATIVE

and/or
a Controlling Class Certificateholder, A
RISK RETENTION

CONSULTATION
PARTY OR a Holder of class vrr Certificate(S))

 

[Date]

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
                                         caption] 	 

 

In
accordance with the requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of [DATE]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is [the][a] [[investment advisor or manager of a][Certificateholder][Certificate Owner][prospective purchaser] of
the Class ___ Certificates][Serviced Companion Loan Holder][Companion Loan Holder Representative].

 

2.       The
undersigned is neither the Controlling Class Representative nor a Controlling Class Certificateholder.

 

3.       The
undersigned is not a Risk Retention Consultation Party and is not a Holder of any Class VRR Certificate.

  

    M-1D-1

     

    

 

4.       The
undersigned has received a copy of the Prospectus.9

 

5.       The
undersigned is a Borrower Party.

 

6.       The
undersigned is requesting access pursuant to the Agreement to the Distribution Date Statement (the “Information”)
on the Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing
the related Certificates or the related Companion Loan (as and if applicable), from its accountants and attorneys, and otherwise
from such governmental or banking authorities or agencies to which the undersigned is subject and, if they execute and deliver
a certification substantially similar to this, except from holders, beneficial owners and prospective purchasers of any related
Companion Loan Securities (if applicable)), and such Information will not, without the prior written consent of the Trustee, be
otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively,
the “Representatives”) in any manner whatsoever, in whole or in part, unless required to do so by law.

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

7.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master
Servicer, the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

 

8.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

9.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

10.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

 

9
Only required for a Certificateholder, a Certificate Owner or a prospective purchaser of a Certificate (or an investment
advisor or manager of the foregoing).  

 

    M-1D-2

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the day and year written above.

	 	 	 	 	 	 	 	 
	 	

[[Investment
advisor or manager of a]

[Certificateholder][Certificate 

Owner][Prospective Purchaser]]

[Serviced Companion Loan Holder][Companion 

Loan Holder Representative] 

	 	 
	 	By:	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	Company:	 	 
	 	Phone:	 	 	 

 

    M-1D-3

     

    

 

EXHIBIT
M-1E

 

FORM
OF INVESTOR CERTIFICATION for Borrower PartY

(for A Risk Retention Consultation Party OR a Holder of Class

VRR
Certificate(S))

 

[master
servicer] 

[address]

 

[SPECIAL
servicer]

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
                                         caption]	 

 

In
accordance with the requirements for obtaining certain information under the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned is a Risk Retention Consultation Party or a Holder of the Class VRR Certificates.

 

2.       The
undersigned has received a copy of the Prospectus.

 

3.       The
undersigned is a Borrower Party.

 

4.       The
undersigned is requesting access pursuant to the Agreement to the Distribution Date Statement (the “Information”)
on the Certificate Administrator’s Website.

 

In
consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information
confidential (except from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing
the related Certificates or the related Companion Loan (as and if applicable), from its

 

    M-1E-1 

     

    

 

accountants
and attorneys, and otherwise from such governmental or banking authorities or agencies to which the undersigned is subject and,
if they execute and deliver a certification substantially similar to this, except from holders, beneficial owners and prospective
purchasers of any related Companion Loan Securities (if applicable)), and such Information will not, without the prior written
consent of the Trustee, be otherwise disclosed by the undersigned or by its officers, directors, partners, employees, agents or
representatives (collectively, the “Representatives”) in any manner whatsoever, in whole or in part, unless
required to do so by law.

 

The
undersigned will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities
Act of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would
require registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

5.       To
the extent undersigned receives access pursuant to the Agreement to any information relating to an Excluded RRCP Mortgage Loan
(or a Mortgage Loan with respect to which the undersigned is otherwise a Borrower Party) and/or the related Mortgaged Property
(which shall include any Major Decision Reporting Package, Asset Status Reports, Final Asset Status Reports (or summaries thereof),
inspection reports related to Specially Serviced Loans conducted by the Special Servicer or any Excluded Mortgage Loan Special
Servicer and which may include any Operating Advisor reports delivered to the Certificate Administrator regarding the Special
Servicer’s net present value determination, Collateral Deficiency Amount determination or any Appraisal Reduction Amount
calculations, and any Officer’s Certificates delivered by the Trustee, the Master Servicer or the Special Servicer, supporting
any determination that any Advance was (or, if made, would be) a Nonrecoverable Advance, but in each case other than information
with respect to such Mortgage Loan that is aggregated with information of other Mortgage Loans at a pool level), whether on the
Certificate Administrator’s Website or otherwise, the undersigned hereby agrees that it (i) will not provide any such information
to (A) any related Borrower Party, (B) any employees or personnel of the undersigned or any of its Affiliates involved in the
management of any investment in the related Borrower Party or the related Mortgaged Property or (C) to its actual knowledge, any
non-Affiliate that holds a direct or indirect ownership interest in the related Borrower Party, and (ii) will maintain sufficient
internal controls and appropriate policies and procedures in place in order to comply with the limitations described in clause
(i) above. For the avoidance of doubt, any file or report contained in the CREFC® Investor Reporting Package
(CREFC® IRP) (other than the CREFC® Special Servicer Loan File relating to any such Excluded Mortgage
Loan) shall be considered information that is aggregated with information of other Mortgage Loans at a pool level.

 

6.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master
Servicer, the Special Servicer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such
breach by the undersigned or any of its Representatives.

 

    M-1E-2 

     

    

 

7.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

8.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

9.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

  

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the day and year written above. 

	 	 	 	 	 	 	 	 
	 	

[Risk
Retention Consultation Party][Holder of Class 

VRR Certificate(s)]

	 	 
	 	By:	 	 	 
	 	Name:	 	 	 
	 	Title:	 	 	 
	 	Company:	 	 
	 	Phone:	 	 	 

 

    M-1E-3 

     

    

 

EXHIBIT
M-1F

 

FORM
OF NOTICE OF EXCLUDED CONTROLLING CLASS HOLDER

 

[Date]

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

		Re:	[certificate
                                         caption] 

 

THIS
NOTICE IDENTIFIES AN “EXCLUDED CONTROLLING CLASS MORTGAGE LOAN” RELATING TO THE
[ISSUING ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION], REQUIRING ACTION BY YOU AS THE RECIPIENT
PURSUANT TO SECTION 4.02(A) OF THE POOLING AND SERVICING AGREEMENT.

 

In
accordance with Section 4.02(a) of the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned (the “Excluded Controlling Class Holder”) hereby certifies
and agrees as follows:

 

1.       The
undersigned is [the Controlling Class Representative] [a Controlling Class Certificateholder] as of the date hereof.

 

2.       The
undersigned has become an Excluded Controlling Class Holder with respect to the following Mortgage Loan(s) (“Excluded
Controlling Class Mortgage Loans”):

 

    M-1F-1

     

    

  

	Mortgage
    Loan Number	Loan
    Name	Borrower
    Name
	 	 	 
	 	 	 
	 	 	 

 

3.       As
of the date above, the undersigned is the beneficial owner of the following Certificates, and is providing the below information
to the addressees hereto for purposes of their compliance with the Pooling and Servicing Agreement, including, among other things,
the Certificate Administrator’s determination as to whether a Consultation Termination Event is in effect with respect to
the Excluded Controlling Class Mortgage Loans listed in paragraph 2 if any such Mortgage Loan is an Excluded Mortgage Loan:

  

	CUSIP	Class	Outstanding
    Certificate Balance	Initial
    Certificate Balance
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

4.       The
undersigned is simultaneously providing notice to the Certificate Administrator in the form of Exhibit M-1G to the Pooling and
Servicing Agreement, requesting termination of access to any Excluded Information. The undersigned acknowledges that it is not
permitted to access and shall not access any Excluded Information related to the Excluded Controlling Class Mortgage Loans and
made available on the Certificate Administrator’s Website or otherwise pursuant to the Agreement unless and until it (i)
is no longer an Excluded Controlling Class Holder with respect to such Excluded Controlling Class Mortgage Loans, (ii) has delivered
notice of the termination of the related Excluded Controlling Class Holder status and (iii) has submitted a new Investor Certification
in accordance with Section 4.02(a) of the Agreement.

 

5.       The
undersigned agrees to indemnify and hold harmless each party to the Agreement, the Underwriters, the Initial Purchasers and the
Trust Fund from any damage, loss, cost or liability (including legal fees and expenses and the cost of enforcing this indemnity)
arising out of or resulting from any unauthorized access by the undersigned or any agent, employee, representative or person acting
on its behalf of any Excluded Information relating to the Excluded Controlling Class Mortgage Loans listed in Paragraph 2 above.

 

6.       The
undersigned agrees that each time it accesses the Certificate Administrator’s Website, the undersigned is deemed to have
recertified that the representations and covenants contained herein remain true and correct.

 

    M-1F-2

     

    

 

7.       Except
with respect to the Excluded Controlling Class Mortgage Loans, the undersigned is requesting access pursuant to the Agreement
to certain information (the “Information”) on the Certificate Administrator’s Website. In consideration
of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the Information confidential
(except from such outside persons as are assisting it in making an evaluation in connection with its holding or purchasing the
related Certificates, from its accountants and attorneys, and otherwise from such governmental or banking authorities or agencies
to which the undersigned is subject), and such Information will not, without the prior written consent of the Trustee, be otherwise
disclosed by the undersigned or by its officers, directors, partners, employees, agents or representatives (collectively, the
“Representatives”) in any manner whatsoever, in whole or in part, unless required to do so by law. The undersigned
will not use or disclose the Information in any manner which could result in a violation of any provision of the Securities Act
of 1933, as amended (the “Securities Act”), or the Securities Exchange Act of 1934, as amended, or would require
registration of any Certificate not previously registered pursuant to Section 5 of the Securities Act.

 

8.       To
the extent the undersigned receives access to any Excluded Information on the Certificate Administrator’s Website or otherwise
receives access to such Excluded Information, the undersigned hereby agrees that it (i) will not directly or indirectly provide
such Excluded Information to (A) any related Borrower Party, (B) any Excluded Controlling Class Holder, (C) any employees or personnel
of the undersigned, (D) any Affiliate involved in the management of any investment in any related Borrower Party or the related
Mortgaged Property or (E) to its actual knowledge, any non-Affiliate that holds a direct or indirect ownership interest in any
related Borrower Party, and (ii) will maintain sufficient internal controls and appropriate policies and procedures in place in
order to comply with the obligations described in clause (i) above.

 

9.       The
undersigned hereby certifies that an executed copy of this certification in paper form has been delivered in accordance with the
notice provisions of the Agreement to each of the addressees listed above (a) by overnight courier or (b) mailed by registered
mail, postage prepaid.

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Agreement.

 

IN
WITNESS WHEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have caused,
its name to be signed hereto by its duly authorized signatory, as of the day and year written above.

 

    M-1F-3

     

    

 

	 	[Controlling Class Representative]
     [a Controlling Class Certificateholder]
	 	 
	 	By:	 
	 		Name:

        Title:

        Phone:

        Email:

        Address: 

 

    M-1F-4

     

    

 

EXHIBIT
M-1G

 

FORM
OF NOTICE OF EXCLUDED CONTROLLING CLASS HOLDER TO

CERTIFICATE ADMINISTRATOR

 

[Date]

 

	[Certificate
    Administrator]

    [address]	 

 

		Re:	certificate
                                         caption] 

 

In
accordance with Section 4.02(a) of the Pooling and Servicing Agreement, dated as of [date]
(the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER],
as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset
Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates
(the “Certificates”), the undersigned (the “Excluded Controlling Class Holder”) hereby directs
you as follows:

 

1.       The
undersigned is [the Controlling Class Representative] [a Controlling Class Certificateholder] as of the date hereof.

 

2.       The
undersigned has become an Excluded Controlling Class Holder with respect to the following Mortgage Loan(s) (“Excluded
Controlling Class Mortgage Loans”):

 

	Mortgage
    Loan Number	Loan
    Name	Borrower
    Name
	 	 	 
	 	 	 
	 	 	 

 

3.       The
following [______] USER IDs are affiliated with the undersigned and access to any information on the Certificate Administrator’s
Website with respect to the [ISSUING ENTITY]securitization should be revoked as to such users:

	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

    M-1H-1

     

    

 

 

4.       The
undersigned acknowledges that it is not permitted to access and shall not access any Excluded Information with respect to such
Excluded Controlling Class Mortgage Loan(s) on the Certificate Administrator’s Website unless and until it (i) is no longer
an Excluded Controlling Class Holder with respect to such Excluded Controlling Class Mortgage Loan(s), (ii) has delivered notice
of the termination of the related Excluded Controlling Class Holder status and (iii) has submitted an investor certification in
the form of Exhibit M-1B to the Pooling and Servicing Agreement.

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Agreement.

 

IN
WITNESS WHEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have caused,
its name to be signed hereto by its duly authorized signatory, as of the day and year written above.

 

	 	[Controlling
    Class Representative]  [a Controlling Class 

    Certificateholder]
	 	 
	 	By:	 
	 		Name:
	 		Title:
	 	 	Phone:
	 		Email:
	 		Address:

 

	Dated:	 	 

 

cc:
[depositor]

 

The
undersigned hereby acknowledges that

access to [_______] has been revoked for

the users listed in Paragraph 3.

 

[CERTIFICATE
ADMINISTRATOR], 

Certificate
Administrator

 

	Name:	 
	Title:	 

 

    M-1H-2

     

    

  

EXHIBIT
M-1H

 

Form
of Certification of the Controlling Class Representative

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

[TRUSTEE]

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

[OPERATING
ADVISOR]

[address]

 

 

		Re:	[certificate
                                         caption]	 

 

In
accordance with Section 6.09(d) of the Pooling and Servicing Agreement, dated as of [date] (the “Agreement”),
between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced certificates (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.       The
undersigned has been appointed to act as the Controlling Class Representative.

 

2.       The
undersigned is not a Borrower Party.

 

3.       If
the undersigned becomes a Borrower Party with respect to any Mortgage Loan, the undersigned agrees to and shall deliver the certification
attached as Exhibit M-1C to the Pooling and Servicing Agreement and shall deliver to the applicable parties the notices attached
as Exhibit M-1F and Exhibit M-1G to the Pooling and Servicing Agreement.

 

4.       The
undersigned hereby certifies that an executed copy of this certification has been delivered to the Certificate Administrator (which
party is required to forward this notice to each of the other addressees listed above pursuant to Section 6.09(d) of the
Pooling and Servicing Agreement) in accordance with the notice provisions of the Pooling and Servicing

 

    M-1H-1 

     

    

 

Agreement
(a) by overnight courier, (b) mailed by registered mail, postage prepaid, or (c) if the electronic mail address of the Certificate
Administrator is specified in the notice provisions of the Pooling and Servicing Agreement, by electronic mail.

 

5.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

[BY
ITS CERTIFICATION HEREOF, the undersigned shall be deemed to have caused its name to be signed hereto by its duly authorized signatory,
as of the date certified.]

 

	 	 	 	[The Controlling Class Representative]
	 	 	 
	By:	 	 
	Title:	 
	Company:	 
	Phone:	 

 

    M-1H-2 

     

    

 

EXHIBIT
M-2A

 

FORM
OF INVESTOR CERTIFICATION FOR EXERCISING VOTING RIGHTS FOR 

NON-BORROWER PARTY

  

[Date]

 

 

 

[Certificate
Administrator], as Certificate Administrator

[address] 

 

		Attention:	[certificate
                                         caption]

 

In
accordance with the requirements for the exercise of Voting Rights pursuant to the Pooling and Servicing Agreement, dated as of
[date] (the “Agreement”), between [DEPOSITOR], as Depositor,
[MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE],
as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate
Administrator, with respect to the above-referenced certificates (the “Certificates”), the undersigned hereby
certifies and agrees as follows:

 

1.       The
undersigned is a [Certificateholder][Certificate Owner] of Class ___ Certificates [with an aggregate [principal balance][notional
amount] of $[________]][representing a [__]% Percentage Interest in the applicable Class].

 

2.       The
undersigned has received a copy of the Prospectus.

 

3.       The
undersigned is not a Borrower Party.

 

4.       The
undersigned is permitted and intends to exercise Voting Rights under the Agreement and certifies that (please check one of the
following):

 

		___	The
                                         undersigned is the Depositor, the Master Servicer, the Special Servicer, an Excluded
                                         Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating
                                         Advisor, the Asset Representations Reviewer or a Mortgage Loan Seller, and the undersigned
                                         is not prohibited from such exercise of Voting Rights based on the definition of “Certificateholder”
                                         in the Agreement by reason of acting in such capacity.

 

		___	The
                                         undersigned is an Affiliate of the Depositor, the Master Servicer, the Special Servicer,
                                         an Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator,
                                         the Operating Advisor, the Asset Representations Reviewer or a Mortgage Loan Seller,
                                         and the undersigned is not prohibited from 

 

    M-2A-1 

     

    

 

	 	 	such
                                         exercise of Voting Rights based on the definition of “Certificateholder”
                                         in the Agreement by reason of its Affiliate acting in such capacity.

 

		___	The
                                         undersigned is not the Depositor, the Master Servicer, the Special Servicer, an Excluded
                                         Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating
                                         Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate of
                                         any of the foregoing.

 

5.       The
undersigned shall be fully liable for any breach of this agreement by itself or any of its officers, directors, partners, employees,
agents or representatives (collectively, the “Representatives”) and shall indemnify the Depositor, the Operating
Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer
and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned or any
of its Representatives.

 

6.       Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the day and year written above.

 

	 	[Certificateholder] [Certificate
    Owner]
	 	 	 
	 	By:	 	 	 	 
	 	 	 
	 	Name:	 	 
	 	 	 
	 	Title:	 	 	 
	 	 	 
	 	Company:	 
	 	 	 
	 	Phone:	 	 

 

 

    M-2A-2 

     

    

 

EXHIBIT
M-2B

 

FORM
OF INVESTOR CERTIFICATION FOR EXERCISING VOTING RIGHTS FOR BORROWER PARTY

 

[Date]

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

		Attention:	[certificate
caption]

 

In
accordance with the requirements for the exercise of Voting Rights pursuant to the Pooling and Servicing Agreement, dated as of
[date] (the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL
SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER],
as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the above-referenced
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

1.          The
undersigned is a [Certificateholder][Certificate Owner] of Class ___ Certificates [with an aggregate [principal balance][notional
amount] of $[________]][representing a [__]% Percentage Interest in the applicable Class].

 

2.          The
undersigned has received a copy of the Prospectus.

 

3.          The
undersigned is a Borrower Party.

 

4.          The
undersigned is [not] an Excluded Controlling Class Holder. [IF YES, PLEASE COMPLETE THE FOLLOWING: The undersigned is an Excluded
Controlling Class Holder with respect to the following Mortgage Loan(s):

 

	Mortgage
    Loan Number	Loan
    Name	Borrower
    Name
	 	 	 
	 	 	 

]

 

    M-2B-1

     

    

 

5.          The
undersigned is permitted and intends to exercise Voting Rights under the Agreement and certifies that (please check all that apply):

 

		___	Such
                                         exercise of Voting Rights does not involve giving any consent, approval or waiver or
                                         taking any other action with respect to any Mortgage Loan as to which the undersigned
                                         is a Borrower Party.

 

		___	The
                                         undersigned is not the Depositor, the Master Servicer, the Special Servicer, an Excluded
                                         Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating
                                         Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate of
                                         any of the foregoing.

 

		___	The
                                         undersigned is the Depositor, the Master Servicer, the Special Servicer, an Excluded
                                         Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating
                                         Advisor, the Asset Representations Reviewer or a Mortgage Loan Seller, and the undersigned
                                         is not prohibited from such exercise of Voting Rights based on the definition of “Certificateholder”
                                         in the Agreement by reason of acting in such capacity.

 

		___	The
                                         undersigned is an Affiliate of the Depositor, the Master Servicer, the Special Servicer,
                                         an Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator,
                                         the Operating Advisor, the Asset Representations Reviewer or a Mortgage Loan Seller,
                                         and the undersigned is not prohibited from such exercise of Voting Rights based on the
                                         definition of “Certificateholder” in the Agreement by reason of its Affiliate
                                         acting in such capacity.

 

		6.	The
                                         undersigned shall be fully liable for any breach of this agreement by itself or any of
                                         its officers, directors, partners, employees, agents or representatives (collectively,
                                         the “Representatives”) and shall indemnify the Depositor, the Operating
                                         Advisor, the Asset Representations Reviewer, the Certificate Administrator, the Trustee,
                                         the Master Servicer, the Special Servicer and the Trust Fund for any loss, liability
                                         or expense incurred thereby with respect to any such breach by the undersigned or any
                                         of its Representatives.

 

7.          Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Agreement.

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the day and year written above.

 

	 	[Certificateholder]
    [Certificate Owner]
	 	 
	 	By:	 	 
	 	 
	 	Name:	 

 

    M-2B-2

     

    

 

	 	Title:	 	 
	 	 
	 	Company:	 
	 	 
	 	Phone:	 	 

 

    M-2B-3

     

    

 

EXHIBIT
M-3

 

FORM
OF ONLINE VENDOR CERTIFICATION

 

This
Certification has been prepared for provision of information to the market data providers listed in Paragraph 1 below pursuant
to the direction of the Depositor. If you represent a Vendor Provider not listed herein and would like access to the information,
please contact [the Certificate Administrator’s customer service desk at [telephone
number]]

 

In
connection with the [certificate caption] (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.          The
undersigned is an employee or agent of [___________________] or a market data provider that has been given access to the Distribution
Date Statements, CREFC reports and supplemental notices on [___________________] by request of the Depositor.

 

2.          The
undersigned agrees that each time it accesses [________], the undersigned is deemed to have recertified that the representation
above remains true and correct.

 

3.          The
undersigned acknowledges and agrees that the provision to it of information and/or reports on [________] is for its own use only,
and agrees that it will not disseminate or otherwise make such information available to any other person without the written consent
of the Depositor, and any confidentiality agreement applicable to the undersigned with respect to information obtained from the
Rule 17g-5 Information Provider’s Website shall also be applicable to information obtained from [________].

 

4.          Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement,
dated as of [date], between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master
Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator.

 

    M-3-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall be deemed to have caused its name to be
signed hereto by its duly authorized signatory, as of the date certified.

 

	 	[                   ]
	 	 
	 	By:	 	 	 	 
	 	 
	 	Name:	 	 
	 	 
	 	Title:	 	 	 
	 	 
	 	Company:	 
	 	 
	 	Phone:	 	 	 

 

    M-3-2

     

    

 

EXHIBIT
M-4

FORM OF CONFIDENTIALITY AGREEMENT

 

[master
servicer] 

[address]

 

[special
servicer] 

[address]

 

[trustee]

[address]

 

[depositor] 

[address]

 

		Re:	[certificate
                                         caption] 	 

 

Ladies
and Gentlemen:

 

In
connection with the [certificate caption] (the “Certificates”),
we acknowledge that we will be furnished by [master servicer], as Master Servicer,
and [special servicer], as Special Servicer (and may have been previously furnished)
with certain information (the “Information”). For the purposes of this letter agreement (this “Agreement”),
“Representative” of a Person refers to such Person’s directors, officers, employees, and agents; and
“Person” refers to any individual, group or entity.

 

In
connection with and in consideration of our being provided with Information, we hereby acknowledge and agree that we are requesting
and will use the Information solely for purposes of making investment decisions and/or exercising the rights of the Directing
Holder with respect to the above-referenced Certificates and the related Mortgage Loans and the Trust Subordinate Companion Loan
and will not disclose such Information to any Person other than (i) our Representatives, (ii) our auditors and regulators and
(iii) any Person contemplating the purchase of any Certificate held by the undersigned or of an interest therein (or such outside
Persons as are assisting it in making an evaluation in connection with purchasing the related Certificates (but only if such Persons
confirm in writing such contemplation of a prospective ownership interest and agree in writing to keep such Information confidential)),
(iv) our accountants and attorneys, and (v) such governmental or banking authorities or agencies to which the undersigned is subject;
and such Information will not, without the prior written consent of the Master Servicer or the Special Servicer, as applicable,
and the Trustee, be otherwise disclosed by the undersigned or by its Representatives in any manner whatsoever, in whole or in
part, unless required to do so by law.

 

The
undersigned shall be fully liable for any breach of this agreement by itself or any of its Representatives and shall indemnify
the Depositor, the Operating Advisor, the Certificate Administrator, the Trustee, the Master Servicer, the Special Servicer, the
Asset

 

    M-4-1

     

    

 

Representations
Reviewer and the Trust Fund for any loss, liability or expense incurred thereby with respect to any such breach by the undersigned
or any of its Representatives.

 

This
Agreement shall not apply to any of the Information which: (i) is or becomes generally available and known to the public other
than as a result of a disclosure directly or indirectly by us or any of our Representatives; (ii) becomes lawfully available to
us on a non-confidential basis from a source other than you or one of your Representatives, which source is not bound by a contractual
or other obligation of confidentiality to any Person; or (iii) was lawfully known to us on a non-confidential basis prior to its
disclosure to us by you.

 

Capitalized
terms used but not defined herein shall have the meanings assigned thereto in that certain Pooling and Servicing Agreement, dated
as of [date], between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator.

 

This
Agreement, when signed by us, will constitute our agreement with respect to the subject matter contained herein.

 

	 	Very truly
    yours,
	 	 
	 	[NAME OF
    ENTITY]
	 	 
	 	By:	 	 	 	 
	 	Name:	 	 
	 	Title:	 	 	 
	 	Company:	 
	 	Phone:	 	 	 

 

		cc:	[depositor]

                                         Trustee

 

    M-4-2

     

    

 

EXHIBIT
M-5

 

FORM
OF NRSRO CERTIFICATION

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

		Re:	[certificate
                                         caption]

 

Ladies
and Gentlemen:

 

In
accordance with the requirements for obtaining certain information pursuant to the Pooling and Servicing Agreement, dated as of
[date] (the “Pooling and Servicing Agreement”), between [DEPOSITOR],
as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating
Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR],
as Certificate Administrator, with respect to the [certificate caption] (the “Certificates”),
the undersigned hereby certifies and agrees as follows:

 

1.            The
undersigned, a nationally recognized statistical rating organization (“NRSRO”) within the meaning of Section
3(a)(62) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

 

(a)          has
provided the Depositor with the appropriate certifications under Exchange Act Rule 17g-5(e); and

 

(b)          is
requesting access pursuant to the Pooling and Servicing Agreement to certain information (the “Information”)
on the Rule 17g-5 Information Provider’s Website pursuant to the provisions of the Pooling and Servicing Agreement, and
in consideration of the disclosure to the undersigned of the Information, or the access thereto, the undersigned will keep the
Information confidential (except to the extent such information has been made available to the general public), and such Information
will not, without the prior written consent of the Certificate Administrator, be otherwise disclosed by the undersigned or by
its officers, directors, partners, employees, agents, or representatives (collectively, the “Representatives”)
in any manner whatsoever, in whole or in part.

 

2.          The
undersigned agrees that each time it accesses the Rule 17g-5 Information Provider’s Website, it is deemed to have recertified
that the representations herein contained remain true and correct.

 

Capitalized
terms used but not defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement.

 

    M-5-1

     

    

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused, its name to be signed hereto by its duly authorized signatory, as of the day and year first written above.

 

	 	Very truly
    yours,
	 	 
	 	[NRSRO Name]
	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	Phone:
	 	Email:
	 	 
	Dated:	 

 

 

    M-5-2

     

    

 

EXHIBIT
N

 

 

CUSTODIAN
CERTIFICATION

 

[DATE]

 

[All
Parties to Pooling and Servicing Agreement]

[Applicable Mortgage Loan Seller]

[Each Underwriter]

[Each Initial Purchaser] 

[The
related Serviced Companion Loan Holder (upon request, in the case of a Serviced Loan Combination)]

 

		Re:	Pooling
                                         and Servicing Agreement (“Pooling and Servicing Agreement”) relating
                                         to [certificate caption] 

 

Ladies
and Gentlemen: 

 

In
accordance with the provisions of Section 2.02(b) of the Pooling and Servicing Agreement, the undersigned hereby certifies that,
with respect to each Mortgage Loan and the Trust Subordinate Companion Loan, and subject to the exceptions noted in the schedule
of exceptions attached hereto, (i) all documents specified in clauses (1), (2), (3), (4) (other than with respect to an Outside
Serviced Mortgage Loan), (5), (7), (15) and (20) (for any Mortgage Loan or Trust Subordinate Companion Loan that is part of a
Loan Combination) of the definition of “Mortgage File” are in its possession or the related Mortgage Loan Seller has
otherwise satisfied the delivery requirements in accordance with the related Loan Purchase Agreement; (ii) the recordation/filing
contemplated by Section 2.01(c) of the Pooling and Servicing Agreement has been completed (based solely on receipt by the undersigned
of the particular recorded/filed documents); (iii) all documents received by the undersigned with respect to such Mortgage Loan
or Trust Subordinate Companion Loan have been reviewed by the undersigned and (A) appear regular on their face (handwritten additions,
changes or corrections shall not constitute irregularities if initialed by the Mortgagor), (B) appear to have been executed (where
appropriate) and (C) purport to relate to such Mortgage Loan or Trust Subordinate Companion Loan; and (iv) based on the examinations
referred to in Section 2.02(a) and Section 2.02(b) of the Pooling and Servicing Agreement and only as to the foregoing documents
(together with any Loan Agreement that has been delivered by the related Mortgage Loan Seller), the information set forth in the
Mortgage Loan Schedule with respect to the items specified in clauses (iv) and (v)(B) of the definition of “Mortgage Loan
Schedule” accurately reflects the information set forth in the Mortgage File.

 

The
undersigned makes no representations as to: (i) the validity, legality, sufficiency, enforceability or genuineness of any such
documents contained in each Mortgage File or any of the Mortgage Loans or Trust Subordinate Companion Loan identified in the Mortgage
Loan Schedule, or (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or Trust Subordinate
Companion Loan.

 

    N-1

     

    

 

Capitalized
words and phrases used herein and not otherwise defined herein shall have the respective meanings assigned to them in the Pooling
and Servicing Agreement. This Certificate is subject in all respects to the terms of the Pooling and Servicing Agreement.

 

	 	[CUSTODIAN],
    as Custodian
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    N-2

     

    

 

SCHEDULE
OF EXCEPTIONS

 

[
      ]

 

    N-3

     

    

 

EXHIBIT
O

 

SERVICING
CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

 

The
assessment of compliance to be delivered by the referenced party shall address, at a minimum, the criteria identified below as
“Applicable Servicing Criteria” applicable to such party, as such criteria may be updated or limited by the Commission
or its staff (including, without limitation, not requiring the delivery of certain of the items set forth on this Exhibit based
on interpretive guidance provided by the Commission or its staff relating to Item 1122 of Regulation AB). For the avoidance of
doubt, for purposes of this Exhibit O, other than with respect to Item 1122(d)(2)(iii), references to Master Servicer below shall
include any Sub-Servicer engaged by a Master Servicer or Special Servicer.

 

	Servicing
    Criteria 	applicable
    

Servicing 

Criteria
	Reference	Criteria	 
	 	General
    Servicing Considerations	 
	1122(d)(1)(i)	Policies
    and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction
    agreements.	Master
    Servicer

    Special Servicer
	1122(d)(1)(ii)	If
    any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third
    party’s performance and compliance with such servicing activities.	Master
Servicer

Special Servicer 

        Certificate
Administrator 

	1122(d)(1)(iii)	Any
    requirements in the transaction agreements to maintain a back-up servicer for the mortgage loans are maintained.	N/A
	1122(d)(1)(iv)	A
    fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout
    the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements.	Master
    Servicer

    Special Servicer

    Custodian (if such entity is not also the Trustee)
	1122(d)(1)(v)	Aggregation
    of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.1	Master
Servicer 

        Special
Servicer 

        Certificate
Administrator 

	 	Cash
    Collection and Administration	 
	1122(d)(2)(i)	Payments
    on mortgage loans are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than
    two business days following receipt, or such other number of days specified in the transaction agreements.	Master
Servicer

Special Servicer 

        Certificate
Administrator 

	1122(d)(2)(ii)	Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	Certificate
    Administrator 
	1122(d)(2)(iii)	Advances
    of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such
    advances, are made, reviewed and approved as specified in the transaction agreements.	Master
    Servicer

    Trustee (to the extent the 

    Trustee was required to 

    make an advance during 

    the applicable calendar 

    year)
	1122(d)(2)(iv)	The
    related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization,
    are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements.	Master
    Servicer

    Special Servicer

    Certificate Administrator

 

 

1
The servicing criteria in Item 1122(d)(1)(v) of Regulation AB shall be applicable on and after November 23, 2015.

 

    O-1

     

    

 

	Servicing
    Criteria 	applicable

    Servicing 

Criteria
	Reference	Criteria	 
	1122(d)(2)(v)	Each
    custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements.
    For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial
    institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Exchange Act.	Master
    Servicer

    Special Servicer

    Certificate Administrator
	1122(d)(2)(vi)	Unissued
    checks are safeguarded so as to prevent unauthorized access.	Master
    Servicer

    Special Servicer

    Certificate Administrator
	1122(d)(2)(vii)	Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related
    bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after
    the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved
    by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These
    reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified
    in the transaction agreements.	Master
    Servicer

    Special Servicer

    Certificate Administrator
	 	Investor
    Remittances and Reporting	 
	1122(d)(3)(i)	Reports
    to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements
    and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other
    terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in
    the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with
    investors’ or the trustee’s records as to the total unpaid principal balance and number of mortgage loans serviced
    by the Reporting Servicer.	Certificate
Administrator

Operating Advisor (with respect to (A) and (B)) 

        Asset
Representations Reviewer (with respect to A and B)2 

	1122(d)(3)(ii)	Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth
    in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iii)	Disbursements
    made to an investor are posted within two business days to the Reporting Servicer’s investor records, or such other
    number of days specified in the transaction agreements.	Certificate
    Administrator
	1122(d)(3)(iv)	Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	Certificate
    Administrator
	 	Pool
    Asset Administration	 
	1122(d)(4)(i)	Collateral
    or security on mortgage loans is maintained as required by the transaction agreements or related mortgage loan documents.	Master
    Servicer

    Special Servicer

    Custodian
	1122(d)(4)(ii)	Mortgage
    loan and related documents are safeguarded as required by the transaction agreements	Custodian
	1122(d)(4)(iii)	Any
    additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or
    requirements in the transaction agreements.	Master
    Servicer

    Special Servicer

    Certificate Administrator
	1122(d)(4)(iv)	Payments
    on mortgage loans, including any payoffs, made in accordance with the related mortgage loan documents are posted to the Master
    Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified
    in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related
    mortgage loan documents.	Master
    Servicer

 

 

2
Only to the extent that the Asset Representations Reviewer was required to perform an Asset Review pursuant to the Pooling
and Servicing Agreement during the applicable calendar year.

 

    O-2

     

    

 

	Servicing
                                         Criteria 	applicable
    

Servicing 

Criteria
	Reference	Criteria	 
	1122(d)(4)(v)	The
    Master Servicer’s records regarding the mortgage loans agree with the Master Servicer’s records with respect to
    an obligor’s unpaid principal balance.	Master
    Servicer
	1122(d)(4)(vi)	Changes
    with respect to the terms or status of an obligor’s mortgage loans (e.g., loan modifications or re-agings) are made,
    reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.	Master
    Servicer

    Special Servicer
	1122(d)(4)(vii)	Loss
    mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and
    repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements
    established by the transaction agreements.	Special
                                         Servicer

                                         Operating Advisor 

        Asset
        Representations Reviewer3 

	1122(d)(4)(viii)	Records
    documenting collection efforts are maintained during the period a mortgage loan is delinquent in accordance with the transaction
    agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements,
    and describe the entity’s activities in monitoring delinquent mortgage loans including, for example, phone calls, letters
    and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).	Master
    Servicer

    Special Servicer
	1122(d)(4)(ix)	Adjustments
    to interest rates or rates of return for mortgage loans with variable rates are computed based on the related mortgage loan
    documents.	Master
    Servicer
	1122(d)(4)(x)	Regarding
    any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s
    mortgage loan documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest
    on such funds is paid, or credited, to obligors in accordance with applicable mortgage loan documents and state laws; and
    (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related mortgage loans, or such
    other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xi)	Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates,
    as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer
    at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xii)	Any
    late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s
    funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission.	Master
    Servicer
	1122(d)(4)(xiii)	Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer,
    or such other number of days specified in the transaction agreements.	Master
    Servicer
	1122(d)(4)(xiv)	 Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	Master
    Servicer
	1122(d)(4)(xv)	Any
    external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained
    as set forth in the transaction agreements.	N/A

 
 

3
Only to the extent that the Asset Representations Reviewer was required to perform an Asset Review pursuant to the Pooling
and Servicing Agreement during the applicable calendar year.

 

    O-3

     

    

 

EXHIBIT
P

SUPPLEMENTAL SERVICER SCHEDULE

 

    P-1

     

    

 

EXHIBIT
Q

 

RETAINED
DEFEASANCE RIGHTS AND OBLIGATIONS MORTGAGE LOANS

 

	Loan
    Number	Mortgage
    Loan / Property Name	Mortgage
    Loan Seller
	 	 	 

 

    Q-1

     

    

 

EXHIBIT
R

 

FORM
OF OPERATING ADVISOR ANNUAL REPORT1

 

Report
Date: Report will be delivered annually (after the occurrence and during the continuance of a Control Termination Event) no
later than [INSERT DATE]. 

Transaction:
[certificate caption] 

Operating
Advisor: [operating advisor] 

Special
Servicer: [special servicer] 

Directing
Holder: [directing holder]

 

I.              Population
of Mortgage Loans that Were Considered in Compiling This Report

 

[
  ] Specially Serviced Loans were transferred to special servicing in the prior calendar year [INSERT YEAR].

 

(a)          [
  ] of those Specially Serviced Loans are still being analyzed by the Special Servicer as part of the development of an Asset Status
Report.

 

(b)          [
  ] of such Specially Serviced Loans had executed Final Asset Status Reports. This report is based only on the Specially Serviced
Loans in respect of which a Final Asset Status Report has been issued. The Final Asset Status Reports may not yet be fully implemented.

 

II.            Executive
Summary

 

Based
on the requirements and qualifications set forth in the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, as well as the items
listed below, the Operating Advisor has undertaken a limited review of the Special Servicer’s operational activities to
service certain Specially Serviced Loans in accordance with the Servicing Standard in accordance with the Operating Advisor’s
requirements outlined in the Pooling and Servicing Agreement. Based on such review, the Operating Advisor [believes, does not
believe] there are material deviations [(i)] from the Servicing Standard [and/or (ii)] from the Special Servicer’s obligations
under the Pooling and Servicing Agreement with respect to the resolution or liquidation of Specially Serviced Loans.

 

 

1
This report is an indicative report and does not reflect the final form of annual report to be used in any particular year.
The Operating Advisor will have the ability to modify or alter the organization and content of any particular report, subject
to compliance with the terms of the Pooling and Servicing Agreement, including, without limitation, provisions relating to Privileged
Information.  

 

    R-1

     

    

 

In
addition, the Operating Advisor notes the following: [PROVIDE SUMMARY OF ANY ADDITIONAL MATERIAL INFORMATION].

 

In
connection with the assessment set forth in this report, the Operating Advisor:

 

Reviewed
any assessment of compliance and/or attestation report delivered to the Operating Advisor pursuant to the Pooling and Servicing
Agreement with respect to the Special Servicer, and the Asset Status Reports, net present value calculations and Appraisal Reduction
calculations and [LIST OTHER REVIEWED INFORMATION] for the following [ ] Specially Serviced Loans: [LIST APPLICABLE MORTGAGE LOANS]

 

III.          Specific
Items of Review

 

1.       
   The Operating Advisor reviewed the following items in connection with the generation of this report: [LIST MATERIAL
ITEMS].

 

2.      
    During the prior year, the Operating Advisor consulted with the Special Servicer regarding its strategy
plan for a limited number of issues related to the following Specially Serviced Loans: [LIST]. The Operating Advisor participated
in discussions and made strategic observations and recommended alternative courses of action to the extent it deemed such observations
and recommendations appropriate. The Special Servicer [agreed with/did not agree with] the recommendations made by the Operating
Advisor. Such recommendations generally included the following: [LIST].

 

3.     
     Appraisal Reduction calculations and net present value calculations:

 

(c)          The
Operating Advisor [received/did not receive] information necessary to recalculate and verify the accuracy of the mathematical
calculations and the corresponding application of the non-discretionary portions of the applicable formulas required to be utilized
in connection with any Appraisal Reduction or net present value calculations used in the Special Servicer’s determination
of the course of action to be taken in connection with the workout or liquidation of a Specially Serviced Loan prior to the utilization
by the Special Servicer.

 

(d)          The
Operating Advisor [agrees/does not agree] with the [mathematical calculations] [and/or] [the application of the applicable non-discretionary
portions of the formula] required to be utilized for such calculation.

 

(e)          After
consultation with the Special Servicer to resolve any inaccuracy in the mathematical calculations or the application of the non
discretionary portions of the related formula in arriving at those mathematical calculations, such inaccuracy [has been/ has not
been] resolved.

 

4.   
       The following is a general discussion of certain concerns raised by the Operating Advisor
discussed in this report: [LIST CONCERNS].

 

5.      
    In addition to the other information presented herein, the Operating Advisor notes the following additional
items: [LIST ADDITIONAL ITEMS].

 

    R-2

     

    

 

IV.          Qualifications
Related to the Work Product Undertaken and Opinions Related to this Report

 

1.     
     In accordance with the terms of the Pooling and Servicing Agreement, the Operating Advisor did not
participate in, or have access to, the Special Servicer’s and the applicable Directing Holder’s discussion(s) regarding
any Specially Serviced Loan. The Operating Advisor does not have authority to speak with the applicable Directing Holder directly
pursuant to the Pooling and Servicing Agreement. As such, the Operating Advisor generally relied upon its interaction with the
Special Servicer in gathering the relevant information to generate this report.

 

2.      
    The Special Servicer has the legal authority and responsibility to service the Specially Serviced Loans
pursuant to the Pooling and Servicing Agreement. The Operating Advisor has no responsibility or authority to alter the standards
set forth therein.

 

3.       
   Confidentiality and other contractual limitations limit the Operating Advisor’s ability to outline the
details or substance of certain information it reviewed in connection with its duties under the Pooling and Servicing Agreement.
As a result, this report may not reflect all the relevant information that the Operating Advisor is given access to by the Special
Servicer.

 

4.      
    The Operating Advisor is not empowered to directly communicate with investors pursuant to the Pooling
and Servicing Agreement. If investors have questions regarding this report, they should address such questions to the Certificate
Administrator through the Certificate Administrator’s Website.

 

Terms
used but not defined herein have the meaning set forth in the Pooling and Servicing Agreement.

 

	[                 ]
	 	 	 
	By:	 	 
	Name:	 
	Title:	 

 

    R-3

     

    

 

EXHIBIT
S

 

SUBSERVICING
AGREEMENTS

 

	Mortgage
    Loan/ Property Name	Sub-Servicer
    Name
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

    S-1

     

    

 

EXHIBIT
T

 

FORM
OF RECOMMENDATION OF SPECIAL SERVICER TERMINATION

 

[trustee],

as
Trustee

[address]

 

[Certificate
Administrator], 

as
Certificate Administrator 

[address]

 

[special
servicer] 

[address]

 

		Re:	[certificate
                                         caption] 	 

 

Ladies
and Gentlemen:

 

This
letter is delivered pursuant to Section 6.08(b) of the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, on behalf of the holders
of [certificate caption] (the “Certificates”) regarding the
replacement of the Special Servicer. Capitalized terms used and not otherwise defined herein shall have the respective meanings
ascribed to such terms in the Pooling and Servicing Agreement.

 

Based
upon our review of the operational practices of the Special Servicer [[with respect to the Serviced Loans other than any Serviced
Outside Controlled Loan Combination] [with respect to the [NAME OF SERVICED OUTSIDE CONTROLLED LOAN COMBINATION] Loan Combination]]
conducted pursuant to and in accordance with the Pooling and Servicing Agreement, it is our assessment that [________], in its
current capacity as Special Servicer [[with respect to the Serviced Loans other than any Serviced Outside Controlled Loan Combination]
[with respect to the [NAME OF SERVICED OUTSIDE CONTROLLED LOAN COMBINATION] Loan Combination]], is not [performing its duties
under the Pooling and Servicing Agreement][acting in accordance with the Servicing Standard]. The following factors support our
assessment: [________].

 

    T-1

     

    

 

Based
upon such assessment, we further hereby recommend that [_______] be removed as Special Servicer and that [________] be appointed
its successor in such capacity.

 

	 	Very truly yours,
	 	 
	 	[The
    Operating Advisor]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:

 

    T-2

     

    

 

EXHIBIT
U

ADDITIONAL FORM 10-D DISCLOSURE

 

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible
for the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant
to Section 10.04 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other
Depositor and Other Exchange Act Reporting Party to which such Additional Form 10-D Disclosure is relevant for Exchange Act reporting
purposes, any information described in the corresponding Form 10-D Item described in the “Item on Form 10-D” column
to the extent such party has actual knowledge (and in the case of net operating income, financial statements, budgets and/or rent
rolls required to be provided in connection with Item 6 below, possession) (in each case, after complying with its affirmative
obligations, if any, under the Pooling and Servicing Agreement to obtain such information) of such information (other than information
as to such party itself which such party is obligated to provide). Each of the Certificate Administrator, the Trustee, the Master
Servicer and the Special Servicer shall be entitled to rely on the accuracy of the Prospectus (other than information with respect
to itself that is set forth in or omitted from the Prospectus), in the absence of specific written notice to the contrary from
the Depositor or Mortgage Loan Sellers. Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special
Servicer (in its capacity as such) shall be entitled to conclusively assume that there is no “significant obligor”
other than a party identified as such in the Prospectus. For this [series designation]
Pooling and Servicing Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer
(in its capacity as such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative
instruments within the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Prospectus.

 

	Item
    on Form 10-D	Party
    Responsible 
	Item
                                         1: Distribution and Pool Performance Information

         

        Any
        information required by Item 1121 of Regulation AB which is NOT included on the Distribution Date Statement

         
	Certificate
                                         Administrator 

        Depositor 

        Master
        Servicer (only with respect to Item 1121(a)(12) of Regulation AB as to Performing Serviced Loans) 

        Special
        Servicer (only with respect to Item 1121(a)(12) of Regulation AB as to Specially Serviced Loans)

        Each Mortgage Loan Seller (only with respect to Item 1121(c)(2) of Regulation AB as to itself) 

        Asset
        Representations Reviewer 

	Item
                                         2: Legal Proceedings

         

        per
        Item 1117 of Regulation AB 
	(i)
    All parties to the Pooling and Servicing Agreement (as to themselves), (ii) any other Reporting Servicer (as to itself), (iii)
    the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer, in

 

    U-1

     

    

 

	Item
    on Form 10-D	Party
    Responsible 
	 	each
    case as to the Trust (in the case of the Master Servicer and the Special Servicer, to be reported by the party controlling
    such litigation), (iv) each Mortgage Loan Seller as to itself and as to each Regulation AB Item 1110(b) originator and Regulation
    AB Item 1100(d)(1) party relating to a Mortgage Loan sold by such Mortgage Loan Seller to the Depositor
	Item
    3: Sale of Securities and Use of Proceeds	Depositor
	Item
    4: Defaults Upon Senior Securities	Certificate
    Administrator
	Item
    5: Submission of Matters to a Vote of Security Holders1	Certificate
                                         Administrator 

        Trustee 

	Item
    6: Significant Obligors of Pool Assets	Master
                                         Servicer (excluding information for which the Special Servicer is the “Party Responsible”) 

        Special
        Servicer (as to REO Properties) 

	Item
                                         7: Change in Sponsor Interest in the Securities 

        Item
        1124 of Regulation AB 
	Each
    Mortgage Loan Seller (as sponsor (as defined in Regulation AB))
	Item
    8: Significant Enhancement Provider Information	Depositor
	Item
    9: Other Information	Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    10: Exhibits	Certificate
                                         Administrator 

        Depositor 

 

 

1
No disclosure is required for so long as Item 5 of Form 10-D requires the inclusion of information related to mine safety
disclosures.

 

    U-2

     

    

 

EXHIBIT
V

ADDITIONAL FORM 10-K DISCLOSURE

 

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible
for the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant
to Section 10.05 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other
Depositor and Other Exchange Act Reporting Party to which such Additional Form 10-K Disclosure is relevant for Exchange Act reporting
purposes, any information described in the corresponding Form 10-K Item described in the “Item on Form 10-K” column
to the extent such party has actual knowledge (and in the case of net operating income, financial statements, budgets and/or rent
rolls required to be provided in connection with the Additional Item below consisting of disclosure per Item 1112(b) of Regulation
AB, possession) (in each case, after complying with its affirmative obligations, if any, under the Pooling and Servicing Agreement
to obtain such information) of such information (other than information as to such party itself which such party is obligated
to provide). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer shall be entitled
to rely on the accuracy of the Prospectus (other than information with respect to itself that is set forth in or omitted from
the Prospectus), in the absence of specific written notice to the contrary from the Depositor or Mortgage Loan Sellers. Each of
the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled
to conclusively assume that there is no “significant obligor” other than a party identified as such in the Prospectus.
For this [series designation] Pooling and Servicing Agreement, each of the Certificate
Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as such) shall be entitled to assume
that there is no provider of credit enhancement, liquidity or derivative instruments within the meaning of Items 1114 or 1115
of Regulation AB other than a party identified as such in the Prospectus.

 

	Item
    on Form 10-K	Party
    Responsible 
	Item
                                         1B: Unresolved Staff Comments

         
	Depositor
	Item
    9B: Other Information	Any
    party responsible for disclosure items on Form 8-K to the extent of such items
	Item
    15: Exhibits, Financial Statement Schedules	Certificate
                                         Administrator 

        Depositor 

	Additional
                                         Item:

         

        Disclosure
        per Item 1117 of Regulation AB 
	(i)
    All parties to the Pooling and Servicing Agreement (as to themselves), (ii) any other Reporting Servicer (as to itself), (iii)
    the Trustee, the Certificate Administrator, the Master Servicer, the Depositor and the Special Servicer, in each case as to
    the Trust (in the case of the Master Servicer, the Depositor and the Special Servicer, to be reported by the party controlling
    such

 

    V-1

     

    

 

	Item
    on Form 10-K	Party
    Responsible 
	 	litigation),
    (iv) each Mortgage Loan Seller as to itself and as to each Regulation AB Item 1110(b) originator and Regulation AB Item 1100(d)(1)
    party relating to a Mortgage Loan sold by such Mortgage Loan Seller to the Depositor
	Additional
                                         Item: 

        Disclosure
        per Item 1119 of Regulation AB

         
	(i)
                                         All parties to the Pooling and Servicing Agreement as to themselves (in the case of the
                                         Master Servicer, only as to 1119(a) affiliations with Significant Obligors identified
                                         in the Pooling and Servicing Agreement, the Trustee, the Certificate Administrator, the
                                         Special Servicer or a sub-servicer described in 1108(a)(3) and, in the case of the Special
                                         Servicer, only as to 1119(a) affiliations with Significant Obligors identified in the
                                         Pooling and Servicing Agreement, the Trustee, the Certificate Administrator, the Master 

        Servicer
        or a sub-servicer described in 1108(a)(3)), (ii) each Mortgage Loan Seller as to itself and as to each Regulation AB Item
        1110 originator and Regulation AB Item 1100(d)(1) party relating to a Mortgage Loan sold by such Mortgage Loan Seller
        to the Depositor, (iii) the Depositor as to the enhancement or support provider 

	Additional
                                         Item: 

        Disclosure
        per Item 1112(b) of Regulation AB 
	Master
                                         Servicer (excluding information for which the Special Servicer is the “Party Responsible”) 

        Special
        Servicer (as to REO Properties) 

	Additional
                                         Item: 

        Disclosure
        per Items 1114(b)(2) and 1115(b) of Regulation AB 
	Depositor

 

    V-2

     

    

 

EXHIBIT
W-1

FORM OF ADDITIONAL DISCLOSURE NOTIFICATION

 

**SEND
VIA FAX TO [          ] AND VIA EMAIL
TO [                                    ]
AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW**

 

[Certificate
Administrator],

as Certificate Administrator

[address]

 

[depositor] 

[address]

 

RE:   **Additional
Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies
and Gentlemen:

 

In
accordance with Section [ ] of the Pooling and Servicing Agreement, dated as of [date]
(the “Pooling and Servicing Agreement”), between [depositor],
as depositor, [master servicer], as master servicer, [special
servicer], as special servicer, [operating advisor], as operating advisor,
[trustee], as trustee, and [certificate
administrator], as certificate administrator, [asset representations reviewer],
as asset representations reviewer, the undersigned, as [ ], hereby notifies you that certain events have come to our attention
that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description
of Additional Form [10-D][10-K][8-K] Disclosure:

 

List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:

 

Any
inquiries related to this notification should be directed to [                  ],
phone number: [                  ]; email
address: [                  ].

 

    W-3-1

     

    

 

	 	[NAME OF PARTY],
	 	as [role]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    W-3-2

     

    

 

EXHIBIT
W-2

FORM OF ADDITIONAL DISCLOSURE NOTIFICATION (ACCOUNTS)

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

RE:
  **Additional Form [10-D][10-K][8-K] Disclosure** Required

 

Ladies
and Gentlemen:

 

In
accordance with Section 10.04 of the Pooling and Servicing Agreement, dated as of [date] (the “Agreement”),
between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator, the undersigned, as [ ], hereby notifies you that certain events have
come to our attention that [will] [may] need to be disclosed on Form [10-D][10-K][8-K].

 

Description
of Additional Form [10-D][10-K][8-K] Disclosure:

 

[With
respect to the securitization accounts balance information:

 

	Account
    Name	Beginning
                                         Balance as of  

        MM/DD/YYYY
	Ending
                                         Balance as of  

        MM/DD/YYYY

	Collection
    Account	 	 
	Loan
                                         Combination Custodial Account(s) : 

        [_____________]
        Loan Combination 

        [_____________]
        Loan Combination 

        [_____________]
        Loan Combination 

        [_____________]
        Loan Combination 

        [_____________]
        Loan Combination 
	 	 
	REO
    Account(s)	 	 

 

List
of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure:

 

    W-3-1

     

    

 

Any
inquiries related to this notification should be directed to [                  ],
phone number: [                  ]; email
address: [                  ].

 

	 	[NAME OF PARTY],
	 	as [role]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    W-3-2

     

    

 

EXHIBIT
W-3

 

Form
of Notice of ADDITIONAL  

INDEBTEDNESS
NOTIFICATION

 

[Certificate
Administrator], as Certificate Administrator

[address]

 

Ref:
 [ISSUING ENTITY], Additional Debt Notice for Form 10-D

 

The
following information is being furnished to you for inclusion on Form 10-D pursuant to Section 10.04(c) of the Pooling and Servicing
Agreement

 

	 	Portfolio
    Name	Mortgage
    Loan	Position
    in Debt Stack	Additional
    Debt	OPB	OPB
    Date	Appraised
    Value	Appraised
    Value Date	Aggregate
    LTV	Aggregate
    NCF DSCR	Aggregate
    NCF DSCR Date	Primary
    Servicer	Master
    Servicer	Lead
    Servicer	Prospectus
    ID
	1	[ISSUING
    ENTITY]	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$
	 	 	$	 	%	 	 	 	 	 	 
	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	2	[ISSUING
    ENTITY]	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$
	 	 	$	 	%	 	 	 	 	 	 
	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 
	3	[ISSUING
    ENTITY]	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$	 	 	$	 	%	 	 	 	 	 	 
	 	Outside
    the Trust	 	 	$
	 	 	$	 	%	 	 	 	 	 	 
	 	Total	 	 	$	 	 	 	 	 	 	 	 	 	 	 

 

    W-3-1

     

    

 

EXHIBIT
X

FORM OF CERTIFICATION TO BE PROVIDED WITH FORM 10-K

 

CERTIFICATIONS

 

I,
[identifying the certifying individual], certify that:

 

		7.	I
                                         have reviewed this report on Form 10-K, and all reports on Form 10-D required to be filed
                                         in respect of the period covered by this report on Form 10-K, of [certificate
                                         caption] (the “Exchange Act Periodic Reports”);

 

		8.	Based
                                         on my knowledge, the Exchange Act Periodic Reports, taken as a whole, do not contain
                                         any untrue statement of a material fact or omit to state a material fact necessary to
                                         make the statements made, in light of the circumstances under which such statements were
                                         made, not misleading with respect to the period covered by this report;

 

		9.	Based
                                         on my knowledge, all of the distribution, servicing and other information required to
                                         be provided under Form 10-D for the period covered by this report is included in the
                                         Exchange Act Periodic Reports;

 

		10.	Based
                                         on my knowledge and the servicer compliance statement(s) required in this report under
                                         Item 1123 of Regulation AB, and except as disclosed in the Exchange Act Periodic Reports,
                                         the servicers have fulfilled their obligations under the servicing agreement(s) in all
                                         material respects; and

 

		11.	All
                                         of the reports on assessment of compliance with servicing criteria for asset-backed securities
                                         and their related attestation reports on assessment of compliance with servicing criteria
                                         for asset-backed securities required to be included in this report in accordance with
                                         Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included
                                         as an exhibit to this report, except as otherwise disclosed in this report. Any material
                                         instances of noncompliance described in such reports have been disclosed in this report
                                         on Form 10-K.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[Master Servicer][Special Servicer][Certificate Administrator][Trustee][Custodian][Operating Advisor][asset
representations reviewer][Outside Servicer][Outside Special Servicer]

 

Date:
_________________________ 

 

	 	 
	[Signature]	 
	[Title]	 

 

    X-1

     

    

 

EXHIBIT
Y-1

FORM OF CERTIFICATION TO BE PROVIDED

TO DEPOSITOR BY THE CERTIFICATE ADMINISTRATOR

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), between [DEPOSITOR], as depositor,
                                         [MASTER SERVICER], as master servicer, [SPECIAL SERVICER], as special servicer, [OPERATING
                                         ADVISOR], as operating advisor, [ASSET REPRESENTATIONS REVIEWER], as asset representations
                                         reviewer, [CERTIFICATE ADMINISTRATOR], as certificate administrator (the “Certificate
                                         Administrator”) and [trustee], as
                                         trustee. 	 

 

I,
[identifying the certifying individual], a [title] of [CERTIFICATE ADMINISTRATOR], certify to [depositor]
and its officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification, that:

 

1.          I
have reviewed the annual report on Form 10-K for the fiscal year 20__, and all reports on Form 10-D required to be filed in respect
of periods covered by that annual report on Form 10-K, of the Trust (the “Exchange Act Periodic Reports”);

 

2.          Based
on my knowledge, the distribution information in Exchange Act Periodic Reports, taken as a whole, does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by that report on Form 10-K;

 

3.          Based
on my knowledge, all of the distribution, servicing and other information required to be provided by the Certificate Administrator
pursuant to the Pooling and Servicing Agreement for inclusion in the Exchange Act Periodic Reports is included in such reports;
and

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing criteria for asset-backed securities required to be delivered by the Certificate Administrator in
accordance with Section 10.09 and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance
with the Relevant Servicing Criteria.

 

    Y-1-1

     

    

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
		[Name]	 

 

    Y-1-2

     

    

 

EXHIBIT
Y-2

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE MASTER SERVICER

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [Series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), between [depositor],
                                         as depositor, [master servicer], as master
                                         servicer (the “Master Servicer”), [special
                                         servicer], as special servicer (the “Special Servicer”), [operating
                                         advisor], as operating advisor, [certificate
                                         administrator], as certificate administrator (the “Certificate Administrator”),
                                         [asset representations reviewer], as asset
                                         representations reviewer and [trustee],
                                         as trustee 	 

 

I,
[identify the certifying individual], a [title] of [MASTER SERVICER], certify to [depositor]
and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in
delivering the certification required by the Pooling and Servicing Agreement relating to the Certificates (capitalized terms used
herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

 

		(1)	I
                                         have (or a Servicing Officer under my supervision has) reviewed the servicing reports
                                         relating to the Trust delivered by the Master Servicer to the Certificate Administrator
                                         covering the fiscal year 20__;

 

		(2)	Based
                                         on my knowledge, and assuming the accuracy of the statements required to be made in the
                                         corresponding certificate of the Special Servicer (to the extent such statements are
                                         relevant to the statements made in this certification by the Master Servicer), the servicing
                                         information in these reports, taken as a whole, does not contain any untrue statement
                                         of a material fact or omit to state a material fact necessary to make the statements
                                         made, in light of the circumstances under which such statements were made, not misleading
                                         with respect to the period covered by these servicing reports;

 

		(3)	Based
                                         on my knowledge, and assuming the accuracy of the statements required to be made in the
                                         corresponding certificate of the Special Servicer (to the extent such statements are
                                         relevant to the statements made in this certification by the Master Servicer), the servicing
                                         information required to be provided in these servicing reports to the Certificate Administrator
                                         by the Master Servicer under the Pooling and Servicing Agreement is included in the servicing
                                         reports delivered by the Master Servicer to the Certificate Administrator;

 

		(4)	I
                                         am, or an employee under my supervision is, responsible for reviewing the activities
                                         performed by the Master Servicer under the Pooling and Servicing Agreement and based
                                         upon my knowledge and the compliance review conducted in preparing the servicer

 

    Y-2-1

     

    

 

			compliance
                                         statement required under Section 10.08 of the Pooling and Servicing Agreement with respect
                                         to the Master Servicer, and except as disclosed in such compliance statement delivered
                                         by the Master Servicer under Section 10.08 of the Pooling and Servicing Agreement, the
                                         Master Servicer has fulfilled its obligations under the Pooling and Servicing Agreement
                                         in all material respects in the year to which such review applies; and

 

		(5)	The
                                         report on assessment of compliance with servicing criteria for asset-backed securities
                                         and the related attestation report on assessment of compliance with servicing criteria
                                         for asset-backed securities required to be delivered in accordance with Section 10.09
                                         and Section 10.10 of the Pooling and Servicing Agreement discloses all material instances
                                         of noncompliance with the Relevant Servicing Criteria.

 

Further,
notwithstanding the foregoing certifications, the Master Servicer does not make any certification under the foregoing clauses
1 through 5 that is in turn dependent upon information required to be provided by any sub-servicer acting under a sub-servicing
agreement that the Master Servicer entered into in connection with the issuance of the Certificates, or upon the performance by
any such sub-servicer of its obligations pursuant to any such sub-servicing agreement, in each case beyond the respective backup
certifications actually provided by such sub-servicer to the Master Servicer with respect to the information that is subject of
such certification.

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 

 

    Y-2-2

     

    

 

EXHIBIT
Y-3

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE SPECIAL SERVICER

 

		Re:	[issuing entity]
(the “Trust”), Commercial Mortgage Pass-Through Certificates, [Series
designation] (the “Certificates”), issued pursuant to the Pooling and Servicing Agreement, dated as
of [date] (the “Pooling and Servicing Agreement”), between [depositor],
as depositor, [master servicer], as master servicer (the “Master Servicer”),
[special servicer], as special servicer (the “Special Servicer”),
[operating advisor], as operating advisor, [certificate
administrator], as certificate administrator (the “Certificate Administrator”), [asset
representations reviewer], as asset representations reviewer and [trustee],
as trustee 	 

 

I,
[identify the certifying individual], a [title] of [SPECIAL SERVICER], certify to [depositor]
and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in
delivering the certification required by the Pooling and Servicing Agreement relating to the Certificates (capitalized terms used
herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

 

1.          Based
on my knowledge, the servicing information in the servicing reports or information relating to the Trust delivered by the Special
Servicer to the Master Servicer covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by these servicing reports;

 

2.          Based
on my knowledge, the servicing information required to be provided to the Master Servicer by the Special Servicer under the Pooling
and Servicing Agreement for inclusion in the reports to be filed by the Certificate Administrator is included in the servicing
reports delivered by the Special Servicer to the Master Servicer;

 

3.          I
am, or an employee under my supervision is, responsible for reviewing the activities performed by the Special Servicer under the
Pooling and Servicing Agreement and based upon my knowledge and the compliance review conducted in preparing the servicer compliance
statement required under Section 10.08 of the Pooling and Servicing Agreement with respect to the Special Servicer, and except
as disclosed in such compliance statement delivered by the Special Servicer under Section 10.08 of the Pooling and Servicing Agreement,
the Special Servicer has fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the year
to which such review applies; and

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing

 

    Y-3-1

     

    

 

criteria
for asset-backed securities required to be delivered in accordance with Section 10.09 and Section 10.10 of the Pooling and Servicing
Agreement discloses all material instances of noncompliance with the Relevant Servicing Criteria.

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 
	[Title]	 

 

    Y-3-2

     

    

 

EXHIBIT
Y-4

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE OPERATING ADVISOR

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [Series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), by and among [depositor],
                                         as depositor, [master servicer], as master
                                         servicer (the “Master Servicer”), [special
                                         servicer], as special servicer (the “Special Servicer”), [operating
                                         advisor], as operating advisor (the “Operating Advisor”), [certificate
                                         administrator], as certificate administrator (the “Certificate Administrator”),
                                         [asset representations reviewer], as asset
                                         representations reviewer and [trustee],
                                         as trustee 	 

 

I,
[identify the certifying individual], a [title] of [OPERATING ADVISOR], certify to [depositor]
and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in
delivering the Sarbanes-Oxley Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates
(capitalized terms used herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing
Agreement), that:

 

1.          Based
on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate Administrator
by the Operating Advisor covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by these reports;

 

2.          Based
on my knowledge, the information required to be provided to the Certificate Administrator by the Operating Advisor under the Pooling
and Servicing Agreement for inclusion in the Exchange Act reports to be filed by the Certificate Administrator is included in
the reports delivered by the Operating Advisor to the Certificate Administrator;

 

3.          I
am, or an officer under my supervision is, responsible for reviewing the activities performed by the Operating Advisor under the
Pooling and Servicing Agreement and based upon my knowledge the Operating Advisor has, except as described in any information
provided to the Certificate Administrator by the Operating Advisor covering the fiscal year 20[__], fulfilled its obligations
under the Pooling and Servicing Agreement in all material respects in the year to which such review applies; and

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09 and

 

    Y-4-1

     

    

 

Section
10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing Criteria.

 

[In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].]

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 
	[Title]	 

 

    Y-4-2

     

    

 

EXHIBIT
Y-5

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE CUSTODIAN

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [Series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), by and among [depositor],
                                         as depositor, [master servicer], as master
                                         servicer (the “Master Servicer”), [special
                                         servicer], as special servicer (the “Special Servicer”), [operating
                                         advisor], as operating advisor (the “Operating Advisor”), [certificate
                                         administrator], as certificate administrator (the “Certificate Administrator”),
                                         [asset representations reviewer], as asset
                                         representations reviewer and [trustee/custodian],
                                         as trustee (the “Trustee”) and as custodian (the “Custodian”)
                                         	 

 

I,
[identify the certifying individual], a [title] of [CUSTODIAN], certify to [depositor]
and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in
delivering the Sarbanes-Oxley Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates
(capitalized terms used herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing
Agreement), that:

 

1.          Based
on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate Administrator
by the Custodian covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by these reports;

 

2.          Based
on my knowledge, the information required to be provided to the Certificate Administrator by the Custodian under the Pooling and
Servicing Agreement for inclusion in the Exchange Act reports to be filed by the Certificate Administrator is included in the
reports delivered by the Custodian to the Certificate Administrator;

 

3.          I
am, or an officer under my supervision is, responsible for reviewing the activities performed by the Custodian under the Pooling
and Servicing Agreement and based upon my knowledge the Custodian has, except as described in any information provided to the
Certificate Administrator by the Custodian covering the fiscal year 20[__], fulfilled its obligations under the Pooling and Servicing
Agreement in all material respects in the year to which such review applies; and

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing

 

    Y-5-1

     

    

 

criteria
for asset-backed securities required to be delivered in accordance with Section 10.09 and Section 10.10 of the Pooling and Servicing
Agreement discloses all material instances of noncompliance with the Relevant Servicing Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 
	[Title]	 

 

    Y-5-2

     

    

 

EXHIBIT
Y-6

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE TRUSTEE

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [Series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), by and among [depositor],
                                         as depositor, [master servicer], as master
                                         servicer (the “Master Servicer”), [special
                                         servicer], as special servicer (the “Special Servicer”), [operating
                                         advisor], as operating advisor (the “Operating Advisor”), [certificate
                                         administrator], as certificate administrator (the “Certificate Administrator”),
                                         [asset representations reviewer], as asset
                                         representations reviewer and [trustee],
                                         as trustee (the “Trustee”) 

 

I,
[identify the certifying individual], a [title] of [TRUSTEE], certify to [depositor]
and their officers, directors and affiliates, and with the knowledge and intent that they will rely upon this certification in
delivering the Sarbanes-Oxley Certification required by Section 10.06 of the Pooling and Servicing Agreement relating to the Certificates
(capitalized terms used herein without definition shall have the meanings assigned to such terms in the Pooling and Servicing
Agreement), that:

 

1.          Based
on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate Administrator
by the Trustee covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by these reports;

 

2.          Based
on my knowledge, the information required to be provided to the Certificate Administrator by the Trustee under the Pooling and
Servicing Agreement for inclusion in the Exchange Act reports to be filed by the Certificate Administrator is included in the
reports delivered by the Trustee to the Certificate Administrator;

 

3.          I
am, or an officer under my supervision is, responsible for reviewing the activities performed by the Trustee under the Pooling
and Servicing Agreement and based upon my knowledge the Trustee has, except as described in any information provided to the Certificate
Administrator by the Trustee covering the fiscal year 20[__], fulfilled its obligations under the Pooling and Servicing Agreement
in all material respects in the year to which such review applies; and

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09 and

 

    Y-6-1

     

    

 

Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 
	[Title]	 

 

    Y-6-2

     

    

 

EXHIBIT
Y-7

FORM OF CERTIFICATION TO BE PROVIDED TO DEPOSITOR

BY THE asset representations reviewer

 

		Re:	[issuing
                                         entity] (the “Trust”), Commercial Mortgage Pass-Through Certificates,
                                         [Series designation] (the “Certificates”),
                                         issued pursuant to the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), by and among [depositor],
                                         as depositor, [master servicer], as master
                                         servicer (the “Master Servicer”), [special
                                         servicer], as special servicer (the “Special Servicer”), [operating
                                         advisor], as operating advisor (the “Operating Advisor”), [certificate
                                         administrator], as certificate administrator (the “Certificate Administrator”),
                                         [asset representations reviewer], as asset
                                         representations reviewer (the “Asset Representations Reviewer”) and [trustee],
                                         as trustee 	 

 

I,
[identify the certifying individual], a [title] of [asset representations reviewer],
certify to [depositor] and their officers, directors and affiliates, and with the
knowledge and intent that they will rely upon this certification in delivering the Sarbanes-Oxley Certification required by Section
10.06 of the Pooling and Servicing Agreement relating to the Certificates (capitalized terms used herein without definition shall
have the meanings assigned to such terms in the Pooling and Servicing Agreement), that:

 

1.          Based
on my knowledge, the information required by the Pooling and Servicing Agreement to be provided to the Certificate Administrator
by the Asset Representations Reviewer covering the fiscal year 20__, taken as a whole, does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period covered by these reports;

 

2.          Based
on my knowledge, the information required to be provided to the Certificate Administrator by the Asset Representations Reviewer
under the Pooling and Servicing Agreement for inclusion in the Exchange Act reports to be filed by the Certificate Administrator
is included in the reports delivered by the Asset Representations Reviewer to the Certificate Administrator;

 

3.          I
am, or an officer under my supervision is, responsible for reviewing the activities performed by the Asset Representations Reviewer
under the Pooling and Servicing Agreement and based upon my knowledge the Asset Representations Reviewer has, except as described
in any information provided to the Certificate Administrator by the Asset Representations Reviewer covering the fiscal year 20[__],
fulfilled its obligations under the Pooling and Servicing Agreement in all material respects in the year to which such review
applies; and

 

    Y-7-1

     

    

 

4.          The
report on assessment of compliance with servicing criteria for asset-backed securities and the related attestation report on assessment
of compliance with servicing criteria for asset-backed securities required to be delivered in accordance with Section 10.09 and
Section 10.10 of the Pooling and Servicing Agreement discloses all material instances of noncompliance with the Relevant Servicing
Criteria.

 

In
giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[list applicable transaction parties].

 

	Date:	 	 
	 	 	 
	[                  ]	 
	 	 	 
	By:	 	 
	[Name]	 
	[Title]	 

 

    Y-7-2

     

    

 

EXHIBIT
Z

FORM 8-K DISCLOSURE INFORMATION

 

The
parties identified in the “Party Responsible” column (with each Servicing Function Participant deemed to be responsible
for the following items for which the party that retained such Servicing Function Participant is responsible) are obligated pursuant
to Section 10.07 of the Pooling and Servicing Agreement to disclose to the Depositor, the Certificate Administrator, each Other
Depositor and Other Exchange Act Reporting Party to which such Form 8-K Disclosure Information is relevant for Exchange Act reporting
purposes, the occurrence of any event described in the corresponding Form 8-K Item described in the “Item on Form 8-K”
column to the extent such party has actual knowledge (after complying with its affirmative obligations, if any, under the Pooling
and Servicing Agreement to obtain such information) of such information (other than information as to such party itself which
such party is obligated to provide). Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer
shall be entitled to rely on the accuracy of the Prospectus (other than information with respect to itself that is set forth in
or omitted from the Prospectus), in the absence of specific written notice to the contrary from the Depositor or Mortgage Loan
Sellers. Each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as
such) shall be entitled to conclusively assume that there is no “significant obligor” other than a party identified
as such in the Prospectus. For this [series designation] Pooling and Servicing
Agreement, each of the Certificate Administrator, the Trustee, the Master Servicer and the Special Servicer (in its capacity as
such) shall be entitled to assume that there is no provider of credit enhancement, liquidity or derivative instruments within
the meaning of Items 1114 or 1115 of Regulation AB other than a party identified as such in the Prospectus.

 

	Item
    on Form 8-K	Party
    Responsible 
	Item
    1.01- Entry into a Material Definitive Agreement	Master
                                         Servicer, Special Servicer and the Trustee (in the case of the Master Servicer, Special
                                         Servicer and the Trustee, only as to agreements it is a party to or entered into on behalf
                                         of the Trust)

                                         Certificate Administrator (other than as to agreements to which the Depositor (and no
                                         other party to the Pooling and Servicing Agreement) is a party) 

        Depositor 

	Item
    1.02- Termination of a Material Definitive Agreement	Master
                                         Servicer, Special Servicer and the Trustee (in the case of the Master Servicer, Special
                                         Servicer and the Trustee, only as to agreements it is a party to or entered into on behalf
                                         of the Trust) 

        Certificate
        Administrator (other than as to agreements to which the Depositor (and no other party to the Pooling and Servicing

 

    Z-1

     

    

 

	Item
    on Form 8-K	Party
    Responsible 
	 	Agreement)
    is a party)

    Depositor 
	Item
    1.03- Bankruptcy or Receivership	Depositor

    Each Mortgage Loan Seller as to itself

    Each other party to the Pooling and Servicing Agreement (as to itself)
	Item
    2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
    Arrangement	Depositor

    Certificate Administrator
	Item
    3.03- Material Modification to Rights of Security Holders	Certificate
    Administrator
	Item
    5.03- Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year	Depositor
	Item
    5.07: Submission of Matters to a Vote of Security Holders	Certificate
                                         Administrator 

        Trustee 

	Item
    6.01- ABS Informational and Computational Material	Depositor
	Item
    6.02- Change of Master Servicer, Special Servicer or Trustee	Master
                                         Servicer (as to itself or a servicer retained by it) 

        Special
        Servicer (as to itself or a servicer retained by it) 

        Trustee

        Certificate Administrator

        Depositor 

	Item
    6.03- Change in Credit Enhancement or Other External Support	Depositor

    Certificate Administrator
	Item
    6.04- Failure to Make a Required Distribution	Certificate
    Administrator
	Item
    6.05- Securities Act Updating Disclosure	Depositor
	Item
    7.01- Regulation FD Disclosure	Depositor
	Item
    8.01 – Other Events	Depositor
	Item
    9.01 – Financial Statements and Exhibits	Depositor

 

    Z-2

     

    

 

EXHIBIT
AA-1

FORM OF POWER OF ATTORNEY FOR MASTER SERVICER

 

LIMITED
POWER OF ATTORNEY

 

KNOW
ALL MEN BY THESE PRESENTS, that [trustee], a [__________________], incorporated
and existing under the laws of the State of [________], having its usual place of business at [address],
as Trustee (the “Trustee”) for [issuing entity] pursuant to
that Pooling and Servicing Agreement, dated as of [date] (the “Agreement”)
by and among [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator, hereby constitutes and appoints [master
servicer] (the “Servicer”), by and through the Servicer’s officers, the Trustee’s true and
lawful Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, in connection with
all mortgage loans (the “Mortgage Loans”) and Trust Subordinate Companion Loan serviced by the Servicer and
all properties (“Properties”) administered by the Servicer pursuant to the Agreement, to execute and acknowledge
in writing or by facsimile stamp all documents customarily and reasonably necessary and appropriate to effectuate the enumerated
transactions described in items (1) through (12) below with respect to the Mortgage Loans, the Trust Subordinate Companion Loan
and Properties; provided however, that the documents described below may only be executed and delivered by such Attorneys-in-Fact
if such documents are required or permitted under the Agreement. Capitalized terms used herein and not otherwise defined herein
have the meanings set forth in the Agreement.

 

		1.	The
                                         endorsement on behalf of the Trustee of all checks, drafts and/or other negotiable instruments
                                         made payable to the Trustee and draw upon, replace, substitute, release or amend letters
                                         of credit standing as collateral securing any Mortgage Loan (or Trust Subordinate Companion
                                         Loan).

 

		2.	The
                                         modification or re-recording of a Mortgage or Deed of Trust, where said modification
                                         or re-recording is solely for the purpose of correcting such Mortgage or Deed of Trust
                                         to conform same to the original intent of the parties thereto or to correct title errors
                                         discovered after such title insurance was issued; provided that said modification
                                         or re-recording, in either instance, (i) does not adversely affect the lien of the Mortgage
                                         or Deed of Trust as insured and (ii) otherwise conforms to the provisions of the Agreement.

 

		3.	The
                                         subordination of the lien of a Mortgage or Deed of Trust to an easement in favor of a
                                         public utility company or a government agency or unit with powers of eminent domain;
                                         this section shall include, without limitation, the execution of partial satisfactions/releases,
                                         partial reconveyances or the execution of requests to trustees to accomplish same.

 

    AA-1-1

     

    

 

		4.	The
                                         conveyance of any property to the mortgage insurer, or the closing of title to any mortgaged
                                         property (a “Mortgaged Property”) to be acquired as Property, or conveyance
                                         of title to any Property.

 

		5.	The
                                         completion of loan assumption agreements and transfers of interest in borrower entities.

 

		6.	The
                                         full satisfaction/release of a Mortgage or Deed of Trust or full conveyance upon payment
                                         and discharge of all sums secured thereby, including, without limitation, cancellation
                                         of the related promissory note.

 

		7.	The
                                         assignment of any Mortgage or Deed of Trust and the related promissory note and other
                                         loan documents, in connection with the purchase or repurchase of the Mortgage Loan secured
                                         and evidenced thereby.

 

		8.	The
                                         full assignment of a Mortgage or Deed of Trust upon payment and discharge of all sums
                                         secured thereby in conjunction with the refinancing thereof, including, without limitation,
                                         the assignment of the related promissory note and other loan documents.

 

		9.	The
                                         full enforcement of and preservation of the Trustee’s interests in any Mortgage
                                         or Deed of Trust or the related promissory note, and in the proceeds thereof, by way
                                         of, including but not limited to, foreclosure, the taking of a deed-in-lieu of foreclosure,
                                         or the completion of judicial or non-judicial foreclosure or the termination, cancellation
                                         or rescission of any such foreclosure, the initiation, prosecution and completion of
                                         eviction actions or proceedings with respect to, or the termination, cancellation or
                                         rescission of any such eviction actions or proceedings, and the pursuit of title insurance,
                                         hazard insurance and claims in bankruptcy proceedings, including, without limitation,
                                         any and all of the following acts:

 

		a.	the
                                         substitution of trustee(s) serving under a Deed of Trust, in accordance with state law
                                         and such Deed of Trust;

 

		b.	the
                                         preparation and issuance of statements of breach or non-performance;

 

		c.	the
                                         preparation and filing of notices of default and/or notices of sale;

 

		d.	the
                                         cancellation/rescission of notices of default and/or notices of sale;

 

		e.	the
                                         filing, prosecution and defense of claims, and the appearance on behalf of the Trustee,
                                         in bankruptcy cases affecting any Mortgage or Deed of Trust or the related promissory
                                         note;

 

    AA-1-2

     

    

 

		f.	the
                                         preparation and service of notices to quit and all other documents necessary to initiate,
                                         prosecute and complete eviction actions or proceedings;

 

		g.	the
                                         tendering, filing, prosecution and defense, as applicable, of hazard insurance and title
                                         insurance claims, including but not limited to appearing on behalf of the Trustee in
                                         quiet title actions; and

 

		h.	the
                                         preparation and execution of such other documents and the performance of such other actions
                                         as may be necessary under the terms of the Mortgage, Deed of Trust or state law to expeditiously
                                         complete said transactions in paragraphs 9.a. through 9.h. above.

 

		10.	The
                                         sale of property acquired through a foreclosure or deed-in lieu of foreclosure, including,
                                         without limitation, the execution of the following documentation:

 

		a.	listing
                                         agreements;

		b.	purchase
                                         and sale agreements;

		c.	grant/warranty/quit
                                         claim deeds or any other deed causing the transfer of title of the property to a party
                                         contracted to purchase same;

		d.	escrow
                                         instructions; and

		e.	any
                                         and all documents necessary to effect the transfer of property.

 

		11.	The
                                         modification or amendment of escrow agreements established for repairs to any Mortgaged
                                         Property or reserves for replacement of personal property.

 

		12.	The
                                         execution and delivery of the following:

 

		a.	any
                                         and all financing statements, continuation statements and other documents or instruments
                                         necessary to maintain the lien created by the Mortgage, Deed of Trust or other security
                                         document in the related mortgage file or the related Mortgaged Property and other related
                                         collateral;

 

		b.	any
                                         and all instruments of satisfaction or cancellation, or of partial or full release or
                                         discharge, or of partial or full defeasance, and all other comparable instruments; and

 

		c.	any
                                         and all assumptions, modifications, waivers, substitutions, extensions, amendments, consents
                                         to transfers of interests in borrowers, consents to any subordinate financings to be
                                         secured by any related Mortgaged Property, consents to any mezzanine financing to be
                                         secured by the ownership interests in a borrower, consents to and monitoring of the application
                                         of any proceeds of insurance policies or condemnation awards to the restoration of the
                                         related Mortgaged Property, or otherwise, documents relating to the management, operation,
                                         maintenance, repair,

 

    AA-1-3

     

    

 

			leasing
                                         and marketing of the related Mortgaged Properties (including agreements and requests
                                         by any borrower with respect to modifications of the standards of operation and management
                                         of such Mortgaged Properties or the replacement of asset managers), documents exercising
                                         any or all of the rights, powers and privileges granted or provided to the holder of
                                         any Mortgage Loan (or Trust Subordinate Companion Loan, as applicable) under the related
                                         loan documents, lease subordination agreements, non-disturbance and attornment agreements
                                         or other leasing or rental arrangements, any easements, covenants, conditions, restrictions,
                                         equitable servitudes, or land use or zoning requirements with respect to the Mortgaged
                                         Properties, instruments relating to the custody of any collateral that now secures or
                                         hereafter may secure any Mortgage Loan (or Trust Subordinate Companion Loan, as applicable)
                                         and any other consents.

 

The
undersigned gives said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every
act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney
as fully as the undersigned might or could do, and hereby does ratify and confirm to all that said Attorney-in-Fact shall be effective
as of [EXECUTION DATE OF POA].

 

This
appointment is to be construed and interpreted as a limited power of attorney. The enumeration of specific items, rights, acts
or powers herein is not intended to, nor does it give rise to, and it is not to be construed as a general power of attorney.

 

Solely
to the extent that the Servicer has the power to delegate its rights or obligations under the Agreement, the Servicer also has
the power to delegate the authority given to it by Deutsche Bank Trust Company Americas, as Trustee, under this Limited Power
of Attorney, for purposes of performing its obligations and duties by executing such additional powers of attorney in favor of
its attorneys-in-fact as are necessary for such purpose. The Servicer’s attorneys-in-fact shall have no greater authority
than that held by the Servicer.

 

Nothing
contained herein shall: (i) limit in any manner any indemnification provided to the Trustee under the Agreement, (ii) limit in
any manner the rights and protections afforded the Trustee under the Agreement, or (iii) be construed to grant the Servicer the
power to initiate or defend any suit, litigation or proceeding in the name of [trustee]
except as specifically provided for herein. If the Servicer receives any notice of suit, litigation or proceeding in the name
of [trustee], then the Servicer shall promptly forward a copy of same to the Trustee.

 

This
limited power of attorney is not intended to extend the powers granted to the Servicer under the Agreement or to allow the Servicer
to take any action with respect to Mortgages, Deeds of Trust or the related promissory notes not authorized by the Agreement.

 

The
Servicer hereby agrees to indemnify and hold the Trustee and its directors, officers, employees and agents harmless from and against
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or

 

    AA-1-4

     

    

 

nature
whatsoever incurred by reason or result of or in connection with the exercise by the Servicer, or its attorneys-in-fact, of the
powers granted to it hereunder. The foregoing indemnity shall survive the termination of this Limited Power of Attorney and the
Agreement or the earlier resignation or removal of the Trustee under the Agreement.

 

This
Limited Power of Attorney is entered into and shall be governed by the laws of the State of New York, without regard to conflicts
of law principles of such state.

 

Third
parties without actual notice may rely upon the exercise of the power granted under this Limited Power of Attorney; and may be
satisfied that this Limited Power of Attorney shall continue in full force and effect and has not been revoked unless an instrument
of revocation has been made in writing by the undersigned.

 

IN
WITNESS WHEREOF, [trustee], as Trustee for [issuing
entity] has caused its corporate seal to be hereto affixed and these presents to be signed and acknowledged in its name
and behalf by a duly elected and authorized signatory this ___________ day of ____________.

 

	 	[TRUSTEE],	 
	 	as Trustee for [ISSUING ENTITY]	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 
	 	Prepared by:	 
	 	 	 
	 	 	Name:	 

 

	Witness:	 
	 	 
	 	 
	Witness:	 
	 	 

 

	A
    notary public or other officer completing this certificate verifies only the identity of the individual who signed the document
    to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

 

State
of _________}

County
of _________}

 

On
________________________, before me, _________________________________Notary 

 

    AA-1-5

     

    

 

Public,
personally appeared ___________________________, who proved to me on the basis of satisfactory evidence to be the person
whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized
capacity and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted,
executed the instrument.

 

I
certify under PENALTY OF PERJURY under the laws of the State of [_________] that the foregoing paragraph is true and correct.

 

Witness
my hand and official seal. 

	 	 
	Notary signature

 

    AA-1-6

     

    

 

EXHIBIT
AA-2

FORM OF POWER OF ATTORNEY FOR SPECIAL SERVICER

 

LIMITED
POWER OF ATTORNEY

 

KNOW
ALL MEN BY THESE PRESENTS, that [trustee], a [____________________], incorporated
and existing under the laws of the State of [________], having its usual place of business at [address],
as Trustee (the “Trustee”) for [issuing entity] pursuant to
that Pooling and Servicing Agreement, dated as of [date] (the “Agreement”)
by and among [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator, hereby constitutes and appoints [special
servicer] (the “Special Servicer”), by and through the Special Servicer’s officers, the Trustee’s
true and lawful Attorney-in-Fact, in the Trustee’s name, place and stead and for the Trustee’s benefit, in connection
with all mortgage loans (the “Mortgage Loans”) and Trust Subordinate Companion Loan serviced by the Special
Servicer and all properties (“REO Properties”) administered by the Special Servicer pursuant to the Agreement,
to execute and acknowledge in writing or by facsimile stamp all documents customarily and reasonably necessary and appropriate
to effectuate the enumerated transactions described in items (1) through (12) below with respect to the Mortgage Loans, the Trust
Subordinate Companion Loan and REO Properties; provided however, that the documents described below may only be executed and delivered
by such Attorneys-in-Fact if such documents are required, permitted or contemplated under the Agreement pursuant to the authority
granted Special Servicer therein. Capitalized terms used herein and not otherwise defined herein have the meanings set forth in
the Agreement.

 

		1.	The
                                         endorsement on behalf of the Trustee of all checks, drafts and/or other negotiable instruments
                                         made payable to the Trustee and draw upon, replace, substitute, release or amend letters
                                         of credit standing as collateral securing any Mortgage Loan (or Trust Subordinate Companion
                                         Loan).

 

		2.	The
                                         modification or re-recording of a Mortgage or Deed of Trust, where said modification
                                         or re-recording is solely for the purpose of correcting such Mortgage or Deed of Trust
                                         to conform same to the original intent of the parties thereto or to correct title errors
                                         discovered after such title insurance was issued; provided that said modification
                                         or re-recording, in either instance, (i) does not adversely affect the lien of the Mortgage
                                         or Deed of Trust as insured and (ii) otherwise conforms to the provisions of the Agreement.

 

		3.	The
                                         subordination of the lien of a Mortgage or Deed of Trust to an easement in favor of a
                                         public utility company or a government agency or unit with powers of eminent domain;
                                         this section shall include, without limitation, the execution of partial satisfactions/releases,
                                         partial reconveyances or the execution of requests to trustees to accomplish same.

 

    AA-2-1

     

    

 

		4.	The
                                         conveyance of any property to the mortgage insurer, or the closing of title to any mortgaged
                                         property (a “Mortgaged Property”) to be acquired as REO Property, or conveyance
                                         of title to any REO Property.

 

		5.	The
                                         completion of loan assumption agreements and transfers of interest in borrower entities.

 

		6.	The
                                         full satisfaction/release of a Mortgage or Deed of Trust or full conveyance upon payment
                                         and discharge of all sums secured thereby, including, without limitation, cancellation
                                         of the related promissory note.

 

		7.	The
                                         assignment of any Mortgage or Deed of Trust and the related promissory note and other
                                         loan documents, in connection with the purchase or repurchase of the Mortgage Loan secured
                                         and evidenced thereby.

 

		8.	The
                                         full assignment of a Mortgage or Deed of Trust upon payment and discharge of all sums
                                         secured thereby in conjunction with the refinancing thereof, including, without limitation,
                                         the assignment of the related promissory note and other loan documents.

 

		9.	The
                                         full enforcement of and preservation of the Trustee’s interests in any Mortgage
                                         or Deed of Trust or the related promissory note, and in the proceeds thereof, by way
                                         of, including but not limited to, foreclosure, the taking of a deed-in-lieu of foreclosure,
                                         or the completion of judicial or

                                         non-judicial foreclosure or the termination, cancellation or rescission of any such foreclosure,
                                         the initiation, prosecution and completion of eviction actions or proceedings with respect
                                         to, or the termination, cancellation or rescission of any such eviction actions or proceedings,
                                         and the pursuit of title insurance, hazard insurance and claims in bankruptcy proceedings,
                                         including, without limitation, any and all of the following acts:

 

		a.	the
                                         substitution of trustee(s) serving under a Deed of Trust, in accordance with state law
                                         and such Deed of Trust;

 

		b.	the
                                         preparation and issuance of statements of breach or non-performance;

 

		c.	the
                                         preparation and filing of notices of default and/or notices of sale;

 

		d.	the
                                         cancellation/rescission of notices of default and/or notices of sale;

 

		e.	the
                                         taking of deed-in-lieu of foreclosure;

 

		f.	the
                                         filing, prosecution and defense of claims, and the appearance on behalf of the Trustee,
                                         in bankruptcy cases affecting any Mortgage or Deed of Trust or the related promissory
                                         note;

 

    AA-2-2

     

    

 

		g.	the
                                         preparation and service of notices to quit and all other documents necessary to initiate,
                                         prosecute and complete eviction actions or proceedings;

 

		h.	the
                                         tendering, filing, prosecution and defense, as applicable, of hazard insurance and title
                                         insurance claims, including but not limited to appearing on behalf of the Trustee in
                                         quiet title actions; and

 

		i.	the
                                         preparation and execution of such other documents and the performance of such other actions
                                         as may be necessary under the terms of the Mortgage, Deed of Trust or state law to expeditiously
                                         complete said transactions in paragraphs 9.a. through 9.h. above.

 

		10.	The
                                         sale of property acquired through a foreclosure or deed-in lieu of foreclosure, including,
                                         without limitation, the execution of the following documentation:

 

		a.	listing
                                         agreements;

		b.	purchase
                                         and sale agreements;

		c.	grant/warranty/quit
                                         claim deeds or any other deed causing the transfer of title of the property to a party
                                         contracted to purchase same;

		d.	escrow
                                         instructions; and

		e.	any
                                         and all documents necessary to effect the transfer of property.

 

		11.	The
                                         modification or amendment of escrow agreements established for repairs to any Mortgaged
                                         Property or reserves for replacement of personal property.

 

		12.	The
                                         execution and delivery of the following:

 

		a.	any
                                         and all financing statements, continuation statements and other documents or instruments
                                         necessary to maintain the lien created by the Mortgage, Deed of Trust or other security
                                         document in the related mortgage file or the related Mortgaged Property and other related
                                         collateral;

 

		b.	any
                                         and all instruments of satisfaction or cancellation, or of partial or full release or
                                         discharge, or of partial or full defeasance, and all other comparable instruments; and

 

		c.	any
                                         and all assumptions, modifications, waivers, substitutions, extensions, amendments, consents
                                         to transfers of interests in borrowers, consents to any subordinate financings to be
                                         secured by any related Mortgaged Property, consents to any mezzanine financing to be
                                         secured by the ownership interests in a borrower, consents to and monitoring of the application
                                         of any proceeds of insurance policies or condemnation awards to the restoration of the
                                         related Mortgaged Property, REO

 

    AA-2-3

     

    

 

			Property
                                         or otherwise, documents relating to the management, operation, maintenance, repair, leasing
                                         and marketing of the related Mortgaged Properties (including agreements and requests
                                         by any borrower with respect to modifications of the standards of operation and management
                                         of such Mortgaged Properties or the replacement of asset managers) or REO Properties,
                                         documents exercising any or all of the rights, powers and privileges granted or provided
                                         to the holder of any Mortgage Loan (or Trust Subordinate Companion Loan, as applicable)
                                         under the related loan documents, lease subordination agreements, non-disturbance and
                                         attornment agreements or other leasing or rental arrangements, any easements, covenants,
                                         conditions, restrictions, equitable servitudes, or land use or zoning requirements with
                                         respect to the Mortgaged Properties or REO Properties, instruments relating to the custody
                                         of any collateral that now secures or hereafter may secure any Mortgage Loan (or Trust
                                         Subordinate Companion Loan, as applicable) and any other consents.

 

The
undersigned gives said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every
act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney
as fully as the undersigned might or could do, and hereby does ratify and confirm to all that said Attorney-in-Fact shall be effective
as of [EXECUTION DATE OF POA].

 

This
appointment is to be construed and interpreted as a limited power of attorney. The enumeration of specific items, rights, acts
or powers herein is not intended to, nor does it give rise to, and it is not to be construed as a general power of attorney.

 

Solely
to the extent that the Special Servicer has the power to delegate its rights or obligations under the Agreement, the Special Servicer
also has the power to delegate the authority given to it by Deutsche Bank Trust Company Americas, as Trustee, under this Limited
Power of Attorney, for purposes of performing its obligations and duties by executing such additional powers of attorney in favor
of its attorneys-in-fact as are necessary for such purpose. The Special Servicer’s attorneys-in-fact shall have no greater
authority than that held by the Special Servicer.

 

Nothing
contained herein shall: (i) limit in any manner any indemnification provided to the Trustee under the Agreement, (ii) limit in
any manner the rights and protections afforded the Trustee under the Agreement, or (iii) be construed to grant the Special Servicer
the power to initiate or defend any suit, litigation or proceeding in the name of [trustee]
except as specifically provided for herein. If the Special Servicer receives any notice of suit, litigation or proceeding in the
name of [trustee], then the Special Servicer shall promptly forward a copy of same
to the Trustee.

 

This
limited power of attorney is not intended to extend the powers granted to the Special Servicer under the Agreement or to allow
the Special Servicer to take any action with respect to Mortgages, Deeds of Trust or the related promissory notes not authorized
by the Agreement.

 

    AA-2-4

     

    

 

The
Special Servicer hereby agrees to indemnify and hold the Trustee and its directors, officers, employees and agents harmless from
and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever incurred by reason or result of or in connection with the exercise by the Special Servicer, or
its attorneys-in-fact, of the powers granted to it hereunder. The foregoing indemnity shall survive the termination of this Limited
Power of Attorney and the Agreement or the earlier resignation or removal of the Trustee under the Agreement.

 

This
Limited Power of Attorney is entered into and shall be governed by the laws of the State of New York, without regard to conflicts
of law principles of such state.

 

Third
parties without actual notice, and without further inquiry, may rely upon the exercise of the power granted under this Limited
Power of Attorney; and may be satisfied that this Limited Power of Attorney shall continue in full force and effect and has not
been revoked unless an instrument of revocation has been made in writing by the undersigned.

 

IN
WITNESS WHEREOF, [trustee], as Trustee for [issuing
entity] has caused its corporate seal to be hereto affixed and these presents to be signed and acknowledged in its name
and behalf by a duly elected and authorized signatory this ___________ day of ____________.

 

	 	[TRUSTEE],	 
	 	as Trustee for [ISSUING ENTITY]	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 
	 	Prepared by:	 
	 	 	 
	 	 	Name:	 

 

	Witness:	 
	 	 
	 	 
	Witness:	 
	 	 

 

	A
    notary public or other officer completing this certificate verifies only the identity of the individual who signed the document
    to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

 

    AA-2-5

     

    

 

State
of _________} 

County
of ________}

 

On
________________________, before me, _________________________________Notary Public, personally appeared
___________________________, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed
to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by
his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the
instrument.

 

I
certify under PENALTY OF PERJURY under the laws of the State of [_________] that the foregoing paragraph is true and correct.

 

Witness
my hand and official seal. 

	 	 
	Notary signature

 

    AA-2-6

     

    

 

EXHIBIT
BB

CLASS A-AB SCHEDULED PRINCIPAL BALANCE

 

	Distribution

                                         Date 
	 	Balance 
	 	Distribution

                                         Date 
	 	Balance 

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	

 

    BB-1

     

    

 

EXHIBIT
CC-1

 

FORM
OF TRANSFEROR CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

[depositor] 

[address]

 

		Re:	[certificate
                                         caption]	 

 

Ladies
and Gentlemen:

 

This
letter is delivered to you in connection with the transfer by _________________ (the “Transferor”) to _________________
(the “Transferee”) of the Excess Servicing Fee Right (as defined below) established under the Pooling and Servicing
Agreement, dated as of [date] (the “Pooling and Servicing Agreement”),
between [depositor], as Depositor, [master
servicer], as Master Servicer, [special servicer], as Special Servicer,
[operating advisor], as Operating Advisor, [trustee],
as Trustee, [asset representations reviewer], as Asset Representations Reviewer
and [certificate administrator], as Certificate Administrator. All capitalized
terms used but not otherwise defined herein shall have the respective meanings set forth in the Pooling and Servicing Agreement.
The Transferor hereby certifies, represents and warrants to you, as Depositor, that:

 

1.          The
Transferor is the lawful owner of the right to receive the Excess Servicing Fees (the “Excess Servicing Fee Right”),
with the full right to transfer the Excess Servicing Fee Right free from any and all claims and encumbrances whatsoever.

 

2.          Neither
the Transferor nor anyone acting on its behalf has (a) offered, transferred, pledged, sold or otherwise disposed of the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any Person in any manner,
(b) solicited any offer to buy or accept a transfer, pledge or other disposition of the Excess Servicing Fee Right, any interest
in the Excess Servicing Fee Right or any other similar security from any Person in any manner, (c) otherwise approached or negotiated
with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with
any Person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any interest in the
Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner, or (e) taken
any other action, which (in the case of any of the acts described in clauses (a) through (e) hereof) would constitute a distribution
of the Excess Servicing Fee Right under the Securities Act of 1933, as amended (the “Securities Act”), or would
render the disposition of the Excess Servicing Fee Right a violation of Section 5 of the

 

    CC-1-1

     

    

 

Securities
Act or any state securities laws, or would require registration or qualification of the Excess Servicing Fee Right pursuant to
the Securities Act or any state securities laws.

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    CC-1-2

     

    

 

EXHIBIT
CC-2

 

FORM
OF TRANSFEREE CERTIFICATE

FOR TRANSFER OF THE EXCESS SERVICING FEE RIGHTS

 

[Date]

 

[depositor]

[address]

 

[master
servicer] 

[address]

 

		Re:	[certificate
                                         caption]	 

 

Ladies
and Gentlemen: 

 

This
letter is delivered to you in connection with the transfer by _________________ (the “Transferor”) to _________________
(the “Transferee”) of the Excess Servicing Fee Right established under the Pooling and Servicing Agreement,
dated as of [date] (the “Pooling and Servicing Agreement”),
between [depositor], as Depositor, [master
servicer], as Master Servicer, [special servicer], as Special Servicer,
[operating advisor], as Operating Advisor, [trustee],
as Trustee, [asset representations reviewer], as Asset Representations Reviewer
and [certificate administrator], as Certificate Administrator. All capitalized terms used but not otherwise defined herein shall
have the respective meanings set forth in the Pooling and Servicing Agreement. The Transferee hereby certifies, represents and
warrants to you, as the Depositor and the Master Servicer, that:

 

1.          The
Transferee is acquiring the right to receive Excess Servicing Fees (the “Excess Servicing Fee Right”) for its
own account for investment and not with a view to or for sale or transfer in connection with any distribution thereof, in whole
or in part, in any manner which would violate the Securities Act of 1933, as amended (the “Securities Act”),
or any applicable state securities laws.

 

2.          The
Transferee understands that (a) the Excess Servicing Fee Right has not been and will not be registered under the Securities Act
or registered or qualified under any applicable state securities laws, (b) none of the Depositor, the Trustee, Certificate Administrator
or the Certificate Registrar is obligated so to register or qualify the Excess Servicing Fee Right, and (c) the Excess Servicing
Fee Right may not be resold or transferred unless it is (i) registered pursuant to the Securities Act and registered or qualified
pursuant to any applicable state securities laws or (ii) sold or transferred in transactions which are exempt from such registration
and qualification and (A) the Depositor has received a certificate from the prospective transferor substantially in the form attached
as Exhibit CC-1 to the Pooling and Servicing Agreement, and (B) each of [master servicer]
and the Depositor has received a certificate from the prospective transferee substantially in the form attached as Exhibit CC-2
to the Pooling and Servicing Agreement.

 

    CC-2-1

     

    

 

3.          The
Transferee understands that it may not sell or otherwise transfer the Excess Servicing Fee Right or any interest therein except
in compliance with the provisions of Section 3.12 of the Pooling and Servicing Agreement, which provisions it has carefully reviewed.

 

4.          Neither
the Transferee nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred the Excess
Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security to any Person in any manner,
(b) solicited any offer to buy or accept a pledge, disposition or other transfer of the Excess Servicing Fee Right, any interest
in the Excess Servicing Fee Right or any other similar security from any Person in any manner, (c) otherwise approached or negotiated
with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar security with
any Person in any manner, (d) made any general solicitation with respect to the Excess Servicing Fee Right, any interest in the
Excess Servicing Fee Right or any other similar security by means of general advertising or in any other manner, or (e) taken
any other action with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing Fee Right or any other similar
security, which (in the case of any of the acts described in clauses (a) through (e) above) would constitute a distribution of
the Excess Servicing Fee Right under the Securities Act, would render the disposition of the Excess Servicing Fee Right a violation
of Section 5 of the Securities Act or any state securities law or would require registration or qualification of the Excess Servicing
Fee Right pursuant thereto. The Transferee will not act, nor has it authorized or will it authorize any Person to act, in any
manner set forth in the foregoing sentence with respect to the Excess Servicing Fee Right, any interest in the Excess Servicing
Fee Right or any other similar security.

 

5.          The
Transferee has been furnished with all information regarding (a) the Depositor, (b) the Excess Servicing Fee Right and any payments
thereon, (c) the Pooling and Servicing Agreement and the Trust Fund created pursuant thereto, (d) the nature, performance and
servicing of the Mortgage Loans, and (e) all related matters that it has requested.

 

6.          The
Transferee is (a) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or (b)
an “accredited investor” as defined in any of paragraphs (1), (2), (3) and (7) of Rule 501(a) under the Securities
Act or an entity in which all of the equity owners come within such paragraphs. The Transferee has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Excess Servicing
Fee Right; the Transferee has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision; and the Transferee is able to bear the economic risks of such investment and can afford a complete loss of
such investment.

 

7.          The
Transferee agrees (i) to keep all information relating to the Trust, the Trust Fund and the parties to the Pooling and Servicing
Agreement, and made available to it, confidential, (ii) not to use or disclose such information in any manner which could result
in a violation of any provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificate
pursuant to the Securities Act, and (iii) not to disclose such information, and to cause its officers, directors, partners, employees,
agents or representatives (collectively, “Representatives”) not to disclose such information, in any manner
whatsoever, in whole or in part, to any other Person other than the Transferee’s auditors, legal

 

    CC-2-2

     

    

 

counsel
and regulators, except to the extent such disclosure is required by law, court order or other legal requirement or to the extent
such information is of public knowledge at the time of disclosure by such Person or has become generally available to the public
other than as a result of disclosure by such Person; provided, however, that the Transferee or any of its Representatives may
provide all or any part of such information to any other Person who is contemplating an acquisition of the Excess Servicing Fee
Right if, and only if, such other Person (x) confirms in writing such prospective acquisition and (y) agrees in writing to keep
such information confidential, not to use or disclose such information in any manner which could result in a violation of any
provision of the Securities Act or would require registration of the Excess Servicing Fee Right or any Certificates pursuant to
the Securities Act and not to disclose such information, and to cause its officers, directors, partners, employees, agents or
representatives not to disclose such information, in any manner whatsoever, in whole or in part, to any other Person other than
such other Person’s auditors, legal counsel and regulators.

 

8.          The
Transferee acknowledges that the holder of the Excess Servicing Fee Right shall not have any rights under the Pooling and Servicing
Agreement except as set forth in Section 3.12 of the Pooling and Servicing Agreement, and that the Excess Servicing Fee Rate may
be reduced to the extent provided in the Pooling and Servicing Agreement.

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    CC-2-3

     

    

 

EXHIBIT
DD

 

FORM
OF NOTICE AND CERTIFICATION REGARDING DEFEASANCE OF MORTGAGE LOAN

 

		To:	[rating
                                         agencies – repeat as necessary] 

                                         [address]

 

		From:	[master
                                         servicer], in its capacity as Master Servicer (the “Master Servicer”)
                                         under the Pooling and Servicing Agreement, dated as of [date]
                                         (the “Pooling and Servicing Agreement”), between [DEPOSITOR], as Depositor,
                                         [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
                                         ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER],
                                         as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator.

 

		Date:	____________,
                                         20___

 

		Re:	[certificate
                                         caption] Mortgage Loan (the “Subject Mortgage Loan”) [and the
                                         Trust Subordinate Companion Loan] heretofore secured by real property known as ____________
                                         [Include the following if there is pari passu or AB debt: as evidenced by that certain
                                         Promissory Note [__] in the amount of $____________, which Promissory Note [__] is owned
                                         by the Trust, and Promissory Note [__] in the amount of $_____________, which Promissory
                                         Note [__] is owned by ________________.

 

Capitalized
terms used but not defined herein have the meanings assigned to such terms in the Pooling and Servicing Agreement.

 

THE
STATEMENTS SET FORTH BELOW ARE MADE (A) TO THE BEST KNOWLEDGE OF THE UNDERSIGNED BASED UPON DUE DILIGENCE CONSISTENT WITH THE
SERVICING STANDARD SPECIFIED IN THE POOLING AND SERVICING AGREEMENT (THE “SERVICING STANDARD”), AND (B) WITHOUT
INTENDING TO WARRANT THE ACCURACY THEREOF OR UNDERTAKE ANY DUTY OR STANDARD OF CARE GREATER THAN THE DUTIES OF SERVICER UNDER
THE POOLING AND SERVICING AGREEMENT AND THE SERVICING STANDARD.

 

We
hereby notify you and confirm that each of the following is true, subject to those exceptions, if any, set forth on Exhibit A
hereto, which exceptions the Master Servicer has determined, consistent with the Servicing Standard, will have no material adverse
effect on the Subject Mortgage Loan or the defeasance transaction:

 

1.          The
Mortgagor has consummated a defeasance of the Subject Mortgage Loan [and the Trust Subordinate Companion Loan] of the type checked
below:**

 

    DD-1

     

    

 

____
  a full defeasance of the entire outstanding principal balance ($____________) of the Subject Mortgage Loan [and the
Trust Subordinate Companion Loan]; or

 

____  
a partial defeasance of a portion ($____________) of the Subject Mortgage Loan [and the Trust Subordinate Companion Loan] that
represents ___% of the entire principal balance of the Subject Mortgage Loan ($____________).

 

2.          The
defeasance was consummated on ____________, 20__.

 

3.          The
defeasance was completed in all material respects in accordance with the conditions for defeasance specified in the Loan Documents
and in accordance with the Servicing Standard.

 

[Include
the following if there is pari passu or AB debt:

 

4.          In
accordance with the Loan Documents, the defeasance occurred such that:

 

____  
Promissory Notes [__] and [__] were defeased simultaneously in their entirety; or

 

____
  Promissory Note [__] was paid off in full.]

 

5.          To
the knowledge of the Master Servicer any other debt related to the Subject Mortgage Loan [and the Trust Subordinate Companion
Loan] (including mezzanine debt, senior secured debt, pari passu debt or subordinate secured debt was either paid off in full
or defeased. Such debt consists of the following: [Describe debt and holder of the debt and if it was paid off or defeased].

 

6.          The
defeasance collateral consists only of one or more of the following: (i) direct debt obligations of the U.S. Treasury, (ii) direct
debt obligations of the Federal National Mortgage Association, (iii) direct debt obligations of the Federal Home Loan Mortgage
Corporation, (iv) interest-only direct debt obligations of the Resolution Funding Corporation, (v) consolidated debt obligations
of the Federal Home Loan Bank or (vi) securities covered by the Federal Deposit Insurance Corporation’s (the “FDIC”)
Temporary Liquidity Guarantee Program (“TLGP”). Based upon a written report from an independent certified accountant,
such defeasance collateral consists of securities that (i) if they include a principal obligation, the principal due at maturity
cannot vary or change, (ii) provide for interest at a fixed rate and (iii) are not callable prior to their respective maturity
dates. In addition, if the defeasance collateral contains any TLGP securities, then:

 

		●	Such
                                         securities are eligible under TLGP;

 

		●	The
                                         master servicer (and the trustee, if it serves as the back-up advancing agent for the
                                         transaction) has waived its right to (i) collect interest on

 

    DD-2

     

    

 

			advances
                                         made on behalf of the borrower holding TLGP securities, and (ii) collect for expenses
                                         incurred in making demand on the FDIC;

 

		●	If
                                         the TLGP debt is to be used to satisfy a balloon payment, a reserve conforming to the
                                         criteria for eligible accounts was funded with a minimum of 90 days interest on the defeasance
                                         collateral to cover potential delays in receipt of the balloon payment;

 

		●	The
                                         TLGP securities mature before June 30, 2012; and

 

		●	The
                                         master servicer’s error and omissions insurance policy covers losses to the CMBS
                                         trust caused by the master servicer’s failure to make timely demand on the FDIC’s
                                         guarantee.

 

7.          After
the defeasance, the defeasance collateral will be owned by an entity (the “Defeasance Obligor”) that: (i) is
the original Mortgagor, (ii) is a Single-Purpose Entity (as described in S&P’s criteria), (iii) is subject to restrictions
in its organizational documents substantially similar to those contained in the organizational documents of the original Mortgagor
with respect to bankruptcy remoteness and single purpose, (iv) has been designated as the Defeasance Obligor by the originator
of the Subject Mortgage Loan pursuant to the terms of the Loan Documents, or (v) has previously received confirmation from Standard
& Poor’s that the organizational documents of such Defeasance Obligor conform with applicable Standard & Poor’s
criteria. The Defeasance Obligor owns no assets other than defeasance collateral and (only in the case of the original Mortgagor)
real property securing one or more Mortgage Loans included in the pool under the Pooling and Servicing Agreement (the “Pool”).

 

8.          If
such Defeasance Obligor (together with its affiliates) holds more than one defeased loan, it does not (together with its affiliates)
hold defeased loans aggregating more than $35 Million or more than five percent (5%) of the aggregate certificate balance of the
Certificates, as of the date of the most recent Certificate Administrator’s Distribution Date Statement received by the
Master Servicer (the “Current Report”), except to the extent the Defeasance Obligor is of the type specified
in paragraph 7(v) above or the original Loan Documents do not limit the amount of defeased loans that it may hold.

 

9.          The
defeasance documents require that the defeasance collateral be credited to an eligible account (as defined in S&P’s
criteria) that must be maintained as a securities account by a securities intermediary that is at all times an Eligible Institution
(as defined in S&P’s criteria). The securities intermediary may reinvest proceeds of the defeasance collateral only
in Permitted Investments (as defined in the Pooling and Servicing Agreement or as defined in the documents evidencing defeasance).

 

10.        The
securities intermediary is obligated to pay from the proceeds of the defeasance collateral, directly to the Master Servicer’s
collection account, all scheduled payments on the Subject Mortgage Loan [and the Trust Subordinate Companion Loan] or, in a partial
defeasance, the portion of such scheduled payments attributed to the allocated loan amount for the real property defeased including
any defeasance premiums set forth in the loan documents (the “Scheduled Payments”).

 

    DD-3

     

    

 

11.        The
Master Servicer received written confirmation from an independent certified public accountant stating that (i) revenues from the
defeasance collateral (without taking into account any earnings on reinvestment of such revenues) will be sufficient to timely
pay each of the Monthly Payments including the payment in full of the Subject Mortgage Loan [and the Trust Subordinate Companion
Loan] (or the allocated portion thereof in connection with a partial defeasance) on its Maturity Date (or, in the case of an ARD
Loan, on its Anticipated Repayment Date), (ii) except as otherwise disclosed in the written report from an independent certified
public accountant, [and disclosed below,] the revenues received in any month from the defeasance collateral will be applied to
make Monthly Payments within four (4) months after the date of receipt, (iii) the defeasance collateral is not callable prior
to their respective maturity dates, and (iv) interest income from the defeasance collateral to the Defeasance Obligor in any tax
year will not exceed such Defeasance Obligor’s interest expense for the Subject Mortgage Loan [and the Trust Subordinate
Companion Loan] (or the allocated portion thereof in a partial defeasance) for such year, other than in the year in which the
Maturity Date or Anticipated Repayment Date will occur, when interest income will exceed interest expense.

 

12.        The
Master Servicer received opinions of counsel that, subject to customary qualifications, (i) the defeasance will not cause either
Trust REMIC to fail to qualify as a REMIC for purpose of the Code, (ii) the agreements executed by the Mortgagor and the Defeasance
Obligor in connection with the defeasance are enforceable against them in accordance with their terms, [and] (iii) the Trustee
will have a perfected, first priority security interest in the defeasance collateral.

 

13.        The
agreements executed in connection with the defeasance (i) prohibit subordinate liens against the defeasance collateral, (ii) provide
for payment from sources other than the defeasance collateral of all fees and expenses of the securities intermediary for administering
the defeasance and the securities account and all fees and expenses of maintaining the existence of the Defeasance Obligor, (iii)
permit release of surplus defeasance collateral and earnings on reinvestment to the Defeasance Obligor only after the Subject
Mortgage Loan [and the Trust Subordinate Companion Loan] has been paid in full, (iv) include representations and/or covenants
of the Mortgagor and/or securities intermediary substantially as set forth on Exhibit B hereto, (v) provide for survival of such
representations; and (vi) do not permit waiver of such representations and covenants.

 

14.        At
the time of the defeasance of the Subject Mortgage Loan, the Subject Mortgage Loan is (x) not one of the ten largest Mortgage
Loans by Stated Principal Balance, (y) a Mortgage Loan with a Stated Principal Balance equal to or less than $[________] and (z)
a Mortgage Loan that represents less than [__]% of the Stated Principal Balance of all Mortgage Loans.

 

15.        Copies
of all material agreements, instruments, organizational documents, opinions of counsel, accountant’s report and other items
delivered in connection with the defeasance will be provided to you upon request.

 

16.        The
individual executing this notice is an authorized officer or a servicing officer of the Master Servicer.

 

    DD-4

     

    

 

IN
WITNESS WHEREOF, the Master Servicer has caused this notice to be executed as of the date captioned above.

 

	 	[MASTER SERVICER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    DD-5

     

    

 

EXHIBIT
A

 

Exceptions

 

    DD-6

     

    

 

EXHIBIT
B

 

Sample
Perfected Security Interest Representations

 

General:

 

1.          [The
defeasance agreements] create a valid and continuing security interest (as defined in the applicable UCC) in the [Collateral,
Securities Account and Deposit Account] in favor of the [Secured Party], which security interest is prior to all other [Liens],
and is enforceable as such as against creditors of and purchasers from [Debtor].

 

Note
that “Collateral” means securities, permitted investments and other assets credited to securities accounts.

 

1.          The
[Deposit Account] constitutes a “deposit account” within the meaning of the applicable UCC.

 

2.          All
of the [Collateral] has been and will have been credited to a [Securities Account]. The securities intermediary for the [Securities
Account] has agreed to treat all assets credited to the [Securities Account] as “financial assets” within the meaning
of the UCC.

 

Creation:

 

1.          The
Defeasance Account Agreement provides that the Pledgee shall have “control” (as defined in the applicable UCC).

 

2.          [Debtor]
has received all consents and approvals required by the terms of the [Collateral] to the transfer to the [Secured Party] of its
interest and rights in the [Collateral] hereunder.

 

Perfection:

 

1.          [Debtor]
has caused or will have caused, within ten (10) days, the filing of all appropriate financing statements in the proper filing
office in the appropriate jurisdictions under applicable law in order to perfect the security interest granted in the [Collateral,
Securities Account and Deposit Account] to the [Secured Party] hereunder.

 

2.          [Debtor]
has delivered to[Secured Party] a fully executed agreement pursuant to which the securities intermediary or the account bank has
agreed to comply with all instructions originated by the [Secured Party] relating to the [Securities Account] or directing disposition
of the funds in the [Deposit Account] without further consent by the [Debtor].

 

3.          [Debtor]
has taken all steps necessary to cause the securities intermediary to identify in its records the [Secured Party] as the person
having a security entitlement against the securities intermediary in the [Securities Account].

 

4.          To
the extent a Deposit Account exists, [Debtor] has taken all steps necessary to cause [Secured Party] to become the account holder
of the [Deposit Account].

 

    DD-7

     

    

 

Priority:

 

1.          Other
than the security interest granted to the [Secured Party] pursuant to this Agreement, [Debtor] has not pledged, assigned, sold,
granted a security interest in, or otherwise conveyed any of the [Collateral, Securities Account and Deposit Account]. [Debtor]
has not authorized the filing of and is not aware of any financing statements against [Debtor] that include a description of collateral
covering the [Collateral, Securities Account and Deposit Account] other than any financing statement relating to the security
interest granted to the [Secured Party] hereunder or that has been terminated. Debtor is not aware of any judgment or tax lien
filings against [Debtor].

 

2.          The
[Securities Account and Deposit Account] are not in the name of any person other than the [Debtor] or the [Secured Party]. The
[Debtor] has not consented to the securities intermediary of any [Securities Account] or the account bank of any [Deposit Account]
to comply with entitlement orders or instructions of any person other than the [Secured Party].

 

    DD-8

     

    

 

EXHIBIT
EE

 

FORM
OF NOTICE OF EXCHANGE OF EXCHANGEABLE CERTIFICATES

 

[Date]

 

[Certificateholder
Letterhead]

 

[Certificate
Registrar],

as
Certificate Registrar

[address]

 

[Certificate
Administrator],

as Certificate Administrator

[address]

 

		Re:	[certificate
                                         caption]

 

Ladies
and Gentlemen:

 

Pursuant
to the terms of the Pooling and Servicing Agreement, dated as of [date] (the “Pooling
and Servicing Agreement”), between [depositor], as Depositor, [master servicer],
as Master Servicer, [special servicer], as Special Servicer, [operating
advisor], as Operating Advisor, [trustee], as Trustee, [asset
representations reviewer], as Asset Representations Reviewer and [certificate administrator],
as Certificate Administrator, and executed in connection with the above referenced transaction, we hereby (i) certify that as
of the date above, the undersigned is the beneficial owner of the Exchangeable Certificates described on the attached Schedule
I, is duly authorized to deliver this notice to the Certificate Administrator and that such power has not been granted or assigned
to any other Person and the Certificate Administrator may conclusively rely upon this notice and (ii) give notice of our intent
to present and surrender the Exchangeable Certificates specified on Schedule I attached hereto and all of our right, title and
interest in and to such Exchangeable Certificates, including all payments of interest thereon received after [_____________],
in exchange for the corresponding Exchangeable Certificates specified on Schedule I attached hereto. We propose an Exchange Date
of [______].

 

We
agree that upon such exchange, our interests in the portions of the Exchangeable Certificates surrendered in exchange shall be
reduced and our interest in the portion of the Exchangeable Certificate received in such exchange shall be increased. We confirm
that no such exchange will be effected until we pay a fee to the Certificate Administrator in an amount equal to $[______] (together
with any other expenses related to such exchange (including fees charged by the Depository, if applicable)).

 

[[If
Applicable] Our Depository participant number is [________].]

 

    EE-1

     

    

 

Capitalized
terms used in this notice but not defined herein have the meanings assigned to them in the Pooling and Servicing Agreement. 

 

	Sincerely,	 
	 	 	 
	[              ]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Medallion
Stamp Guarantee]

 

    EE-2

     

    

 

Schedule
I

 

    EE-3

     

    

 

EXHIBIT
FF

 

FORM
OF NOTICE REGARDING OUTSIDE  

SERVICED
TRUST LOAN

 

[Date]

 

 

	[outside
                                         Trustee] 

                                         [address]

         
	[outside
                                         certificate administrator] 

                                         [address]

         

	[outside
                                         master servicer],

                                         as Master Servicer 

        [address]
	[outside
                                         special servicer],

                                         as Special Servicer 

        [address] 

	 	 
	[outside
                                         operating advisor]  

        [address]
	 

 

		Re:	[certificate
                                         caption related to outside serviced loan] 

 

Ladies
and Gentlemen:

 

Reference
is hereby made to the Pooling and Servicing Agreement, dated as of [date] (the
“[outside servicing agreement]”), between [outside
depositor], as depositor, [outside master servicer], as master servicer,
[outside special servicer], as special servicer, [outside
operating advisor], as operating advisor, [outside trustee], as trustee
and [outside certificate administrator], as certificate administrator. Capitalized
terms used but not defined herein shall have the meanings given to them in the [outside
servicing agreement].

 

The
undersigned is the certificate administrator under the Pooling and Servicing Agreement, dated as of [date]
(the “[__] PSA”), between [depositor], as depositor, [master
servicer], as master servicer (the “[___] Master Servicer”), [special
servicer], as special servicer (the “[___] Special Servicer”), [operating
advisor], as operating advisor (the “[___] Operating Advisor”), [certificate
administrator], as certificate administrator (the “[___] Certificate Administrator”) and [trustee],
as trustee (the “[___] Trustee”), pursuant to which the [issuing entity] (the “[___] Trust”)
was established and the [outside serviced Companion Loan] evidenced by promissory
note [__] and the [outside serviced companion loan] evidenced by promissory note
[__] were transferred to the [___] Trust as of [date] (the “Closing Date”).

 

The
undersigned hereby notifies you that, as of the Closing Date:

 

    FF-1

     

    

 

1.          [trustee],
as trustee under the [__] PSA, is the holder of the [outside serviced companion loan]
evidenced by promissory note [__] and the [outside serviced companion loan] evidenced
by promissory note [__]. You are directed to remit to [master servicer], as master
servicer under the [__] PSA, all amounts payable to, and to forward, deliver or otherwise make available, as the case may be,
to [master servicer], as master servicer under the [__] PSA, all reports, statements,
documents, communications and other information that are to be forwarded, delivered or otherwise made available to the Companion
Loan Noteholders with respect to the [outside serviced companion loans] under the
[outside servicing agreement] and the respective Co-Lender Agreements with respect
to the [outside serviced loan combinations]. The wire instructions for [master
servicer], as [___] Master Servicer, are as follows:

 

Bank:
[____________________] 

Account
Name: [___________________________] 

ABA:
[________________] 

Account
#: [_______________] 

Reference:
[_________________]

 

3.          The
contact information for the [___] Trustee, the [___] Certificate Administrator, the [___] Master Servicer, the [___] Special Servicer
and the [___] Operating Advisor with respect to the [OUTSIDE SERVICED COMPANION LOAN] evidenced by promissory note [__] and the
[OUTSIDE SERVICED COMPANION LOAN] evidenced by promissory note [__] is as follows:

 

	[__]
    Trustee:	[trustee]

    [address]
	[__]
    Certificate Administrator:	[certificate
                                         administrator]  

        [address] 

	[__]
    Master Servicer:	[master
                                         servicer] 

        [address] 

	[__]
    Special Servicer:	[special
                                         servicer] 

        [address]

 

	[__]
    Operating Advisor:	[operating
                                         advisor] 

        [address] 

 

4.          The
[__] Trust is subject to the reporting requirements of the Exchange Act.

 

5.          Enclosed
herewith is a copy of an executed version of the [__] PSA.

 

    FF-2

     

    

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    FF-3

     

    

 

EXHIBIT
GG

 

SPECIFIED
SERVICED MORTGAGE LOANS

 

None

 

    GG-1

     

    

 

EXHIBIT
HH

 

FORM
OF TRANSFEREE NOTICE OF  

PURCHASE
OF CLASS [LOAN-SPECIFIC] CERTIFICATE

 

[Date]

 

[Certificate
Administrator],

as Certificate Administrator

[address]

 

		Re:	[certificate
                                         caption] (the
                                         “Certificates”) issued pursuant to the Pooling and Servicing Agreement (the
                                         “Pooling and Servicing Agreement”), dated as of [DATE], by and among [DEPOSITOR],
                                         as Depositor, [MASTER SERVICER], as Master Servicer, [CERTIFICATE ADMINISTRATOR], as
                                         Certificate Administrator, [SPECIAL SERVICER], as Special Servicer, [TRUSTEE], as Trustee,
                                         [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer, and [OPERATING ADVISOR],
                                         as Operating Advisor

 

This
letter is delivered to you, pursuant to Section [3.33(c)] of the Pooling and Servicing Agreement in connection with the transfer
by ____________ (the “Transferor”) to us (the “Transferee”) of $__________________ original
principal balance in the Class [__] Certificates, representing [_____]% of the Class [__] Certificates. The Certificates were
issued pursuant to the Pooling and Servicing Agreement.

 

1.
           Our name and address is as follows: 

	 	 	 
	 	 	 
	 	 	 

 

Contact
Info: [Tel/Email]

 

		2.	[if
                                         applicable] We hereby certify, represent and warrant to you, as Certificate Administrator,
                                         that we are purchasing a majority interest in the Class [__] Certificates.

 

All
capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Pooling and Servicing
Agreement.

 

    HH-1

     

    

 

	 	Very truly yours,
	 	 
	 	(Transferee)
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    HH-2

     

    

 

Exhibit
II

 

FORM
OF asset review report

 

[form
of asset review report]

 

    II-1

     

    

 

EXHIBIT
JJ

 

asset
review procedures

 

This
Exhibit sets forth Asset Reviewer’s review procedures for each Delinquent Mortgage Loan [item/representation category] listed
below based on the Servicing File delivered by the Master Servicer and/or Special Servicer as applicable for an Asset Review.
Capitalized terms used herein and not defined herein shall have the meanings ascribed to them in the Agreement. [Review Procedures
to be Negotiated with Operating Advisor for Securitization Transaction]

 

    JJ-1

     

    

 

EXHIBIT
KK

 

CERTIFICATION
TO CERTIFICATE ADMINISTRATOR REQUESTING ACCESS TO SECURE DATA ROOM

 

[CERTIFICATE
ADMINISTRATOR] 

[ADDRESS]

 

Attention:      [certificate
caption]

 

In
accordance with the requirements for obtaining access to the Secure Data Room pursuant to the Pooling and Servicing Agreement,
dated as of [DATE] (the “Agreement”), between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer,
[SPECIAL SERVICER], as Special Servicer, [OPERATING ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS
REVIEWER], as Asset Representations Reviewer and [CERTIFICATE ADMINISTRATOR], as Certificate Administrator, with respect to the
certificates (the “Certificates”), the undersigned hereby certifies and agrees as follows:

 

		1.	The
                                         undersigned is an authorized representative of [________________________].

 

		2.	The
                                         undersigned acknowledges and agrees that (a) access to the Secure Data Room is being
                                         granted to it solely for purposes of the undersigned carrying out its obligations under
                                         the Pooling and Servicing Agreement, (b) it will not disseminate or otherwise make information
                                         contained on the Secure Data Room available to any other person except in accordance
                                         with the Pooling and Servicing Agreement or otherwise with the written consent of the
                                         Depositor and (c) it will only access information relating to the Mortgage Loans to which
                                         the Asset Review relates.

 

		3.	The
                                         undersigned agrees that each time it accesses the Secure Data Room, the undersigned is
                                         deemed to have recertified that the representations above remains true and correct.

 

		4.	[The
                                         undersigned is not a Certificateholder, a beneficial owner or a prospective purchaser
                                         of any Certificate.]15

 

BY
ITS CERTIFICATION HEREOF, the undersigned has made the representations above and shall have caused, or shall be deemed to have
caused its name to be signed hereto by its duly authorized signatory, as of the date certified.

 

 

15
Required to the extent that a party other than the Asset Representations Reviewer is identified by the Depositor as needing
access to the Secure Data Room. 

 

    KK-1

     

    

 

	 	[_________________]  
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Dated:
_________________

 

[[DEPOSITOR] 

as
Depositor]1 

By:

[Name]

[Title]

 

    KK-2

     

    

 

EXHIBIT
LL

 

FORM
OF NOTICE OF [ADDITIONAL DELINQUENT MORTGAGE LOAN][CESSATION OF DELINQUENT MORTGAGE LOAN][CESSATION OF ASSET REVIEW TRIGGER]

 

[Date]

 

[master
servicer] 

[address]

 

[SPECIAL
servicer] 

[address]

 

[ASSET
REPRESENTATIONS REVIEWER]

[address]

 

		Attention: 
                              	[certificate
                                         caption]	 

 

In
accordance with Section 11.01(a) of the Pooling and Servicing Agreement, dated as of [DATE] (the “Agreement”),
between [DEPOSITOR], as Depositor, [MASTER SERVICER], as Master Servicer, [SPECIAL SERVICER], as Special Servicer, [OPERATING
ADVISOR], as Operating Advisor, [TRUSTEE], as Trustee, [ASSET REPRESENTATIONS REVIEWER], as Asset Representations Reviewer and
[CERTIFICATE ADMINISTRATOR], as Certificate Administrator, the Certificate Administrator hereby notifies you that as of [RELATED
DISTRIBUTION DATE]:

 

		1.	_____
                                         An additional Mortgage Loan has become a Delinquent Loan.16

 

		2.	_____
                                         A Mortgage Loan has ceased to be a Delinquent Loan.17

 

		3.	_____
                                         An Asset Review Trigger has ceased to exist.

(check
all that apply)

 

Capitalized
terms used but not defined herein have the respective meanings given to them in the Pooling and Servicing Agreement.

 

 

16
Each additional Mortgage Loan that has become a Delinquent Loan is identified on Exhibit A hereto. 

17 Each Mortgage
Loan that has ceased to be a Delinquent Loan is identified on Exhibit B hereto

 

    LL-1

     

    

 

	 	[CERTIFICATE
    ADMINISTRATOR], as Certificate Administrator for the Holders of the [ISSUING ENTITY], Commercial Mortgage Pass Through Certificates,
    [SERIES DESIGNATION]
	 	 	 
	 	By:	 
	 	 	[Name]
	 	 	[Title]

 

    LL-2

     

    

 

Exhibit
A

 

    LL-3

     

    

 

Exhibit
B

 

    LL-4

     

    

 

EXHIBIT
MM

 

Form
of Certificate Administrator Receipt in Respect of RISK RETENTION Certificates

 

[Date]

 

[Name
and Address of Retaining Party]

 

		Re:	[ISSUING
                                         ENTITY], Commercial Mortgage Pass Through Certificates, [SERIES DESIGNATION] ([DEPOSITOR]
                                         as Depositor) 

 

In
accordance with Section 5.02(f) of the Pooling and Servicing Agreement, dated as of [DATE] (the “Agreement”),
pursuant to which the captioned series of commercial mortgage pass-through certificates (the “Certificates”)
were issued, the undersigned, as Certificate Administrator, hereby acknowledges receipt and possession of, and further agrees
that it will hereafter hold in the Retained Interest Safekeeping Account, the Certificates identified on Schedule I attached hereto
(the “Subject Certificates”), which constitute some or all of the RR Interest, for the benefit of [Name of
Retaining Party], the registered holder of the Subject Certificates, pursuant to the Agreement. Payments on the Subject Certificates
will be made to the registered holder thereof in accordance with the Agreement, including pursuant to any written wiring instructions
provided in accordance with the Agreement.

 

This
receipt is solely for the benefit of the addressee and is non-transferable. Possession of this receipt by any other Person will
not entitle such Person to delivery of, or any rights in respect of, the Subject Certificates. The Subject Certificates are subject
to the restrictions on transfer set forth in, and may not be released from the Retained Interest Safekeeping Account except in
accordance with, the Agreement.

 

Capitalized
terms used but not defined herein shall the respective meanings set forth in the Agreement.

 

	 	[CERTIFICATE
    ADMINISTRATOR], 

    not in its individual capacity 

    but solely as Certificate Administrator
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    MM-1

     

    

 

Schedule
I

 

Certificates
Registered in the Name of [Retaining Party]

 

	Class

                                         (CUSIP)
	 	Certificate

                                         No.
	 	Initial

                                         Certificate Balance

	 	 	 	 	 
	 	 	 	 	 

 

    MM-2ex_133737.htm

Exhibit 4.1

 

[FORM OF CONVERTIBLE NOTE]

 

NEITHER THE ISSUANCE AND SALE OF THIS NOTE NOR THE SHARES OF COMMON STOCK INTO WHICH THIS NOTE IS CONVERTIBLE HAS BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND APPLICABLE STATE SECURITIES LAWS, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO (I) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR (IF REQUESTED BY THE COMPANY) TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY OR (II) RULE 144 PROMULGATED UNDER THE SECURITIES ACT. THE PRINCIPAL AMOUNT REPRESENTED BY THIS NOTE AND, ACCORDINGLY, THE SECURITIES ISSUABLE UPON CONVERSION HEREOF, MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF.

 

 

CESCA THERAPEUTICS INC.

 

CONVERTIBLE PROMISSORY NOTE

 

	
			Issuance Date: _______, 2019

			 

			Date of Note: ________________, 2019

				
			Original Principal Amount: U.S. $_______

			

 

FOR VALUE RECEIVED, CESCA THERAPEUTICS INC., a Delaware corporation (the "Company"), hereby promises to pay to ____________________ or its registered assigns (the "Holder") in cash the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to payment, conversion, or otherwise, the "Principal") and when due, whether upon the Maturity Date (as defined below) or acceleration in accordance with the terms hereof, and to pay interest ("Interest") on any outstanding Principal at the applicable interest rate set forth herein from the date set out above as the Issuance Date (the "Issuance Date") until the same becomes due and payable, whether upon an Interest Date (as defined below), the Maturity Date, acceleration, conversion, or otherwise. This Convertible Promissory Note (including all Convertible Promissory Notes issued in exchange, transfer or replacement hereof, this "Note") is one of a series of Convertible Promissory Notes issued pursuant to the Securities Purchase Agreement on the Closing Date (collectively, the "Notes" and such other Convertible Promissory Notes, the "Other Notes"). Certain capitalized terms used herein are defined in Section (23).

 

 

 

 

(1)     PAYMENTS OF PRINCIPAL; PREPAYMENT. On the Maturity Date, the Company shall pay to the Holder an amount in cash representing all outstanding Principal, and accrued and unpaid Interest. The "Maturity Date" shall be [          ]1, 2021 unless the Required Stockholder Approval does not occur at the Company’s next annual meeting of stockholders (the “2019 Annual Meeting”), in which case the “Maturity Date” shall be accelerated to such date that is fourteen (14) calendar days after the date of the 2019 Annual Meeting, in each instance as may be extended at the option of the Holder upon written agreement by the Company in the event that, and for so long as, an Event of Default (as defined in Section (4)(a)) shall have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section (1)) or any event shall have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section (1)) that with the passage of time and the failure to cure would result in an Event of Default. Subject to the receipt of the Required Stockholder Approval, beginning on and after [          ], 20192, the Company may prepay without penalty any portion of the outstanding Principal or accrued and unpaid Interest under this Note upon five (5) days prior written notice to Holder (during which period the Holder may convert such Notes into Common Stock pursuant to Section (3).

 

(2)     INTEREST. Interest on this Note shall commence accruing on the Issuance Date and shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in arrears on March 31, June 30, September 30 and December 31 of each year (each, an "Interest Date"), unless earlier converted pursuant to the terms of this Note, and all remaining accrued and unpaid Interest shall be due and payable on the Maturity Date. On any Interest Date, Interest will be payable in cash. Interest on this Note shall accrue at twenty-four percent (24.0%) per annum, simple interest, subject to adjustment as set forth in this Section (2) (the “Interest Rate”). From and after the occurrence and during the continuance of an Event of Default, the Interest Rate shall be increased to twenty-eight percent (28.0%) per annum, simple interest. In the event that such Event of Default is subsequently cured, the adjustment referred to in the preceding sentence shall cease to be effective as of the date of such cure; provided, that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to be payable with respect to the days after the occurrence of such Event of Default through and including the date of cure of such Event of Default.

 

(3)     CONVERSION OF NOTES. Subject to the receipt of the Required Stockholder Approval, beginning on [          ], 20193, this Note shall be convertible into shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), on the terms and conditions set forth in this Section (3) and subject to the provisions of Section (3)(d):

 

(a)     Conversion Right. The Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) into fully paid and nonassessable shares of Common Stock in accordance with Section (3)(c) at the Conversion Rate (as defined below). The Company shall not issue any fraction of a share of Common Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock down to the nearest whole share and shall pay cash with respect to the fraction at the Conversion Rate. The Company shall pay any and all transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of Common Stock upon conversion of any Conversion Amount.

 

	
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(b)     Conversion Rate. The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to Section (3)(a) shall be determined by dividing (x) such Conversion Amount by (y) the Conversion Price (the "Conversion Rate").

 

(i)     "Conversion Amount" means the sum of (A) the portion of the Principal to be converted and (B) accrued and unpaid Interest with respect to such Principal.

 

(ii)     "Conversion Price" means, as of any Conversion Date (as defined below) or other date of determination, the lower of (a) $0.18 per share or (2) 90% of the Closing Sale Price of the Common Stock on the Conversion Date (subject to a floor Conversion Price of $0.05), in each case subject to adjustment as provided herein.

 

(c)     Mechanics of Conversion.

 

(i)     Optional Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a "Conversion Date"), the Holder shall (A) transmit by facsimile (or otherwise deliver), for receipt on or prior to 5:00 p.m., New York time, on such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit I (the "Conversion Notice") to the Company and (B) if required by Section (3)(c)(ii), surrender this Note to a common carrier for delivery to the Company as soon as practicable on or following such date (or an indemnification undertaking with respect to this Note in the case of its loss, theft or destruction). On or before the first (1st) Business Day following the date of receipt of a Conversion Notice, the Company shall transmit by facsimile a confirmation of receipt of such Conversion Notice to the Holder and the Company's transfer agent (the "Transfer Agent"). On or before the third (3rd) Trading Day following the date of receipt of a Conversion Notice (the "Share Delivery Date"), the Company shall: (x) if the Transfer Agent is participating in the Depository Trust Company ("DTC") Fast Automated Securities Transfer Program, credit such aggregate number of shares of Common Stock to which the Holder shall be entitled to the Holder's or its designee's balance account with DTC through its Deposit Withdrawal At Custodian system; or (y) if the Transfer Agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver to the address as specified in the Conversion Notice, a certificate, registered in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder shall be entitled. If this Note is physically surrendered for conversion as required by Section (3)(c)(ii) and the outstanding Principal of this Note is greater than the Principal portion of the Conversion Amount being converted, then the Company shall as soon as practicable and in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver to the Holder a new Note (in accordance with Section (13)(d)) representing the outstanding Principal not converted. The Person or Persons entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the Conversion Date, irrespective of the date such Conversion Shares are credited to the Holder's account with DTC or the date of delivery of the certificates evidencing such Conversion Shares, as the case may be.

 

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(ii)     Registration; Book-Entry. The Company shall maintain a register (the "Register") for the recordation of the names and addresses of the holders of each Note and the principal amount of the Notes held by such holders (the "Registered Notes"). The entries in the Register shall be conclusive and binding for all purposes absent manifest error. The Company and the holders of the Notes shall treat each Person whose name is recorded in the Register as the owner of a Note for all purposes, including, without limitation, the right to receive payments of Principal and Interest, if any, hereunder, notwithstanding notice to the contrary. A Registered Note may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register. Upon its receipt of a request to assign or sell all or part of any Registered Note by a Holder, the Company shall record the information contained therein in the Register and issue one or more new Registered Notes in the same aggregate principal amount as the principal amount of the surrendered Registered Note to the designated assignee or transferee pursuant to Section (13). Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder and the Company shall maintain records showing the Principal and Interest, if any, converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Company, so as not to require physical surrender of this Note upon conversion.

 

(iii)     Pro Rata Conversion; Disputes. In the event that the Company receives a Conversion Notice from more than one holder of Notes for the same Conversion Date and the Company is able to convert some, but not all, of such portions of the Notes submitted for conversion, the Company, subject to Section (3)(d), shall convert from each holder of Notes electing to have Notes converted on such date a pro rata amount of such holder's portion of its Notes submitted for conversion based on the principal amount of Notes submitted for conversion on such date by such holder relative to the aggregate principal amount of all Notes submitted for conversion on such date. In the event of a dispute as to the number of shares of Common Stock issuable to the Holder in connection with a conversion of this Note, the Company shall issue to the Holder the number of shares of Common Stock not in dispute and resolve such dispute in accordance with Section (21).

 

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(d)     Limitations on Conversions. The Company shall not effect any conversion of this Note, and the Holder of this Note shall not have the right to convert any portion of this Note pursuant to the terms and conditions of this Note, to the extent that after giving effect to such conversion, the Holder (together with the Holder's Affiliates) would beneficially own in excess of [4.99%/9.99%] (the "Maximum Percentage") of the number of shares of Common Stock outstanding immediately after giving effect to such conversion. For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of this Note with respect to which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (A) conversion of the remaining, nonconverted portion of this Note beneficially owned by the Holder or any of its Affiliates and (B) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any Other Notes or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this Section (3)(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), it being acknowledged by a Holder that the Company is not representing to such Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and such Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section (3)(d) applies, the determination of whether this Note is convertible (in relation to other securities owned by such Holder together with any Affiliates) and of which a portion of this Note is convertible shall be in the sole discretion of a Holder, and the submission of a Conversion Notice shall be deemed to be each Holder’s determination of whether this Note is convertible (in relation to other securities owned by such Holder together with any Affiliates) and of which portion of this Note is convertible, in each case subject to such Maximum Percentage limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. For purposes of this Section (3)(d), in determining the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (x) the Company's most recent Form 10-K, Form 10-Q or Form 8-K, as the case may be, (y) a more recent public announcement by the Company or (z) any other notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. For any reason at any time, upon the written or oral request of the Holder, the Company shall within one (1) Business Day confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Note, by the Holder or its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. By written notice to the Company, the Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of 9.99% specified in such notice; provided, that (i) any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company, and (ii) any such increase or decrease will apply only to the Holder and not to any other holder of Notes. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section (3)(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.

 

(4)     RIGHTS UPON EVENT OF DEFAULT.

 

(a)     Event of Default. Each of the following events shall constitute an "Event of Default":

 

(i)     the suspension from trading or failure of the Common Stock to be listed on an Eligible Market for a period of five (5) consecutive Trading Days or for more than an aggregate of ten (10) Trading Days in any 365-day period;

 

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(ii)     the Company's failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this Note;

 

(iii)     the Company, pursuant to or within the meaning of Title 11, U.S. Code, or any similar Federal, foreign or state law for the relief of debtors (collectively, "Bankruptcy Law"), (A) commences a voluntary case, (B) consents to the entry of an order for relief against it in an involuntary case, (C) consents to the appointment of a receiver, trustee, assignee, liquidator or similar official (a "Custodian"), (D) makes a general assignment for the benefit of its creditors or (E) admits in writing that it is generally unable to pay its debts as they become due;

 

(iv)     a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (A) is for relief against the Company in an involuntary case, (B) appoints a Custodian of the Company or (C) orders the liquidation of the Company; and

 

(v)     other than as specifically set forth in another clause of this Section (4)(a), the Company breaches any material representation, warranty, covenant or other material term or condition of any Note, except, only if such breach continues for a period of at least fifteen (15) consecutive Business Days after the Company receives written notice from the Holder of the specific breach.

 

(b)     Acceleration Upon an Event of Default.   Upon an Event of Default, the entire unpaid Principal and all accrued and unpaid Interest under this Note shall, upon written notice from the Holder to the Company, become immediately due and payable unless otherwise agreed in writing by the Required Holders.

 

(5)     DISTRIBUTION OF ASSETS; RIGHTS UPON ISSUANCE OF PURCHASE RIGHTS AND OTHER CORPORATE EVENTS. If the Company (i) declares a dividend or any other distribution of cash, securities or other property in respect of its Common Stock, including without limitation any granting of rights or warrants to subscribe for or purchase any capital stock of the Company or any subsidiary of the Company, (ii) authorizes or approves, enters into any agreement contemplating or solicits stockholder approval for any Fundamental Transaction or (iii) authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions of such transaction, at least five calendar days prior to the applicable record or effective date on which a Person would need to hold Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps reasonably necessary in order to insure that the Holder is given the practical opportunity to convert this Note prior to such time so as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or any defect therein shall not affect the validity of the corporate action required to be described in such notice.

 

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(6)     RIGHTS UPON SUBDIVISION OF COMBINATION OF COMMON STOCK. If the Company at any time on or after the Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time on or after the Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased.

 

(7)   NONCIRCUMVENTION. The Company hereby covenants and agrees that the Company will not, by amendment of its Certificate of Incorporation, Bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note, and will at all times in good faith carry out all of the provisions of this Note and take all action as may be required to protect the rights of the Holder of this Note.

 

(8)     RESERVATION OF AUTHORIZED SHARES.

 

(a)     Reservation. The Company shall initially reserve out of its authorized and unissued Common Stock a number of shares of Common Stock for each of the Notes equal to 100% of the Conversion Rate (assuming a conversion rate of $0.05) with respect to the Conversion Amount of each such Note as of the Issuance Date. So long as any of the Notes are outstanding, the Company shall take all action necessary to reserve and keep available out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Notes, the number of shares of Common Stock specified above in this Section (8)(a) as shall from time to time be necessary to effect the conversion of all of the Notes then outstanding at the applicable Conversion Price; provided, that at no time shall the number of shares of Common Stock so reserved be less than the number of shares required to be reserved pursuant to any other section of this Note (in each case, without regard to any limitations on conversions) (the "Required Reserve Amount"). The initial number of shares of Common Stock reserved for conversions of the Notes and each increase in the number of shares so reserved shall be allocated pro rata among the holders of the Notes based on the principal amount of the Notes held by each holder at the Closing (as defined in the Securities Purchase Agreement) or increase in the number of reserved shares, as the case may be (the "Authorized Share Allocation"). In the event that a holder shall sell or otherwise transfer any of such holder's Notes, each transferee shall be allocated a pro rata portion of such holder's Authorized Share Allocation. Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Notes shall be allocated to the remaining holders of Notes, pro rata based on the principal amount of the Notes then held by such holders.

 

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(b)     Insufficient Authorized Shares. If at any time while any of the Notes remain outstanding the Company does not have a sufficient number of authorized and unreserved shares of Common Stock to satisfy its obligation to reserve for issuance upon conversion of the Notes at least a number of shares of Common Stock equal to the Required Reserve Amount (an "Authorized Share Failure"), then the Company shall immediately take all action necessary to increase the Company's authorized shares of Common Stock to an amount sufficient to allow the Company to reserve the Required Reserve Amount for the Notes then outstanding. Without limiting the generality of the foregoing sentence, as soon as practicable after the date of the occurrence of an Authorized Share Failure, but in no event later than sixty (60) days after the occurrence of such Authorized Share Failure, the Company shall either (x) obtain the written consent of its stockholders for the approval of an increase in the number of authorized shares of Common Stock and provide each stockholder with an information statement with respect thereto or (y) hold a meeting of its stockholders for the approval of an increase in the number of authorized shares of Common Stock. In connection with such meeting, the Company shall provide each stockholder with a proxy statement and shall use its best efforts to solicit its stockholders' approval of such increase in authorized shares of Common Stock and to cause its Board of Directors to recommend to the stockholders that they approve such proposal.

 

(9)     VOTING RIGHTS. The Holder shall have no voting rights as the holder of this Note, except as required by law and as expressly provided in this Note.

 

(10)     RANK.   All payments due under this Note are unsecured and shall rank pari passu with all Other Notes.

 

(11)     VOTE TO ISSUE, OR CHANGE THE TERMS OF, NOTES. The written consent of the Required Holders shall be required for any change or amendment to this Note or any of the Other Notes; provided that any such amendment or waiver that complies with the foregoing but that disproportionately, materially and adversely affects the rights and obligations of any Holder relative to the comparable rights and obligations of the other Holders shall require the prior written consent of such adversely affected Holder.

 

(12)     TRANSFER. This Note and any shares of Common Stock issued upon conversion of this Note may be offered, sold, assigned or transferred by the Holder without the consent of the Company.

 

(13)     REISSUANCE OF THIS NOTE.

 

(a)     Transfer. If this Note is to be transferred, the Holder shall surrender this Note to the Company, whereupon the Company will forthwith issue and deliver upon the order of the Holder a new Note (in accordance with Section (13)(d)), registered as the Holder may request, representing the outstanding Principal being transferred by the Holder and, if less than the entire outstanding Principal is being transferred, a new Note (in accordance with Section (13)(d)) to the Holder representing the outstanding Principal not being transferred. The Holder and any assignee, by acceptance of this Note, acknowledge and agree that following conversion or payment of any portion of this Note, the outstanding Principal represented by this Note may be less than the Principal stated on the face of this Note.

 

(b)     Lost, Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver to the Holder a new Note (in accordance with Section (13)(d)) representing the outstanding Principal.

 

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(c)     Note Exchangeable for Different Denominations. This Note is exchangeable, upon the surrender hereof by the Holder at the principal office of the Company, for a new Note or Notes (in accordance with Section (13)(d) and in principal amounts of at least $10,000) representing in the aggregate the outstanding Principal of this Note, and each such new Note will represent such portion of such outstanding Principal as is designated by the Holder at the time of such surrender.

 

(d)     Issuance of New Notes. Whenever the Company is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section (13)(a) or Section (13)(c), the Principal designated by the Holder which, when added to the principal represented by the other new Notes issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent the right to receive accrued and unpaid Interest, if any, on the Principal and Interest of this Note, from the Issuance Date.

 

(14)     REMEDIES, CHARACTERIZATIONS, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF. The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note and the Securities Purchase Agreement, at law or in equity (including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the Holder's right to pursue damages for any failure by the Company to comply with the terms of this Note. Amounts set forth or provided for herein with respect to payments, conversion and the like (and the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the Holder shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the necessity of showing economic loss and without any bond or other security being required.

 

(15)     PAYMENT OF COLLECTION, ENFORCEMENT AND OTHER COSTS. If (a) this Note is placed in the hands of an attorney for collection or enforcement or is collected or enforced through any legal proceeding or the Holder otherwise takes action to collect amounts due under this Note or to enforce the provisions of this Note or (b) there occurs any bankruptcy, reorganization, receivership of the Company or other proceedings affecting Company creditors' rights and involving a claim under this Note, then the Company shall pay the costs incurred by the Holder for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, but not limited to, attorneys' fees and disbursements.

 

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(16)    CONSTRUCTION; HEADINGS. This Note shall be deemed to be jointly drafted by the Company and all the Purchasers and shall not be construed against any person as the drafter hereof. The headings of this Note are for convenience of reference and shall not form part of, or affect the interpretation of, this Note.

 

(17)    FAILURE OR INDULGENCE NOT WAIVER. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

 

(18)     NOTICES; PAYMENTS.

 

(a)     Notices. Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with the Securities Purchase Agreement. The Company shall provide the Holder with prompt written notice of all actions taken pursuant to this Note, including in reasonable detail a description of such action and the reason therefore. Without limiting the generality of the foregoing, the Company shall give written notice to the Holder (i) immediately upon any adjustment of the Conversion Price, setting forth in reasonable detail, and certifying, the calculation of such adjustment and (ii) at least five (5) days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution upon the Common Stock, (B) with respect to any pro rata subscription offer to holders of Common Stock or (C) for determining rights to vote with respect to any Fundamental Transaction, dissolution or liquidation, provided in each case that such information shall be made known to the public prior to or in conjunction with such notice being provided to the Holder.

 

(b)     Payments. Except as otherwise provided in this Note, whenever any payment of cash is to be made by the Company to any Person pursuant to this Note, such payment shall be made in lawful money of the United States of America by a check drawn on the account of the Company and sent via overnight courier service to such Person at such address as previously provided to the Company in writing (which address, in the case of each of the Purchasers, shall initially be as set forth on the signature page of the respective Holder attached to the Securities Purchase Agreement); provided, that the Holder may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company with prior written notice setting out such request and the Holder's wire transfer instructions. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day.

 

(19)     CANCELLATION. After all Principal, accrued Interest and other amounts at any time owed on this Note have been paid in full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be reissued.

 

(20)     WAIVER OF NOTICE. To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note and the Securities Purchase Agreement.

 

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(21)     GOVERNING LAW; JURISDICTION; JURY TRIAL. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. The Company hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding relating to any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein by mailing a copy thereof to the Company at the address set forth in the Securities Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. Nothing contained herein shall be deemed or operate to preclude the Holder from bringing suit or taking other legal action against the Company in any jurisdiction to collect on the Company's obligations to the Holder hereunder or to enforce a judgment or other court ruling in favor of the Holder. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(22)     Severability. If any provision of this Note is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Note so long as this Note as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

(23)     CERTAIN DEFINITIONS. For purposes of this Note, the following terms shall have the following meanings:

 

(a)     "Affiliate" means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control with, such Person, it being understood for purposes of this definition that "control" of a Person means the power directly or indirectly either to vote 10% or more of the stock having ordinary voting power for the election of directors of such Person or direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

 

(b)     "Bloomberg" means Bloomberg Financial Markets.

 

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(c)     "Business Day" means any day other than Saturday, Sunday or other day on which commercial banks in the City of New York are authorized or required by law to remain closed.

 

(d)     "Closing Bid Price" and "Closing Sale Price" means, for any security as of any date, the last closing bid price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or last trade price, respectively, of such security prior to 4:00:00 p.m., New York Time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the OTC Link or "pink sheets" by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction during the applicable calculation period.

 

(e)     "Closing Date" means the date on which the Company initially issued Notes pursuant to the terms of the Securities Purchase Agreement.

 

(f)     "Conversion Shares" means shares of Common Stock issuable by the Company pursuant to the terms of any of the Notes.

 

(g)   "Eligible Market" means the Principal Market, the OTCQX Market, the OTC Bulletin Board, The New York Stock Exchange, The NASDAQ Capital Market, The Nasdaq Global Market, The Nasdaq Global Select Market or the NYSE MKT.

 

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(h)     "Fundamental Transaction" means: (A) any transaction or a series of related transactions in which the Company shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise, (i) consolidate or merge with or into (whether or not the Company is the surviving corporation) another Subject Entity, (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company or any of its "significant subsidiaries" (as defined in Rule 1-02 of Regulation S-X) to one or more Subject Entities, (iii) make, or be subject to or have the Common Stock be subject to or party to one or more Subject Entities making, a purchase, tender or exchange offer that is accepted by the holders of at least either (x) 50% of the outstanding shares of Common Stock, (y) 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all Subject Entities making or party to, or Affiliated with any Subject Entities making or party to, such purchase, tender or exchange offer were not outstanding; or (z) such number of shares of Common Stock such that all Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such purchase, tender or exchange offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of at least 50% of the outstanding shares of Common Stock, or (iv) consummate a share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with one or more Subject Entities whereby all such Subject Entities, individually or in the aggregate, acquire, either (x) at least 50% of the outstanding shares of Common Stock, (y) at least 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all the Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such stock purchase agreement or other business combination were not outstanding; or (z) such number of shares of Common Stock such that the Subject Entities become collectively the beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of at least 50% of the outstanding shares of Common Stock, provided, that this clause (iv) shall not apply to any transaction consummated solely for the purposes of raising capital and as a result of which the Subject Entities do not become the owner of Common Stock in the amounts set forth in (x), (y) or (z) above, or (v) reorganize, recapitalize or reclassify its Common Shares; (B) any transaction or a series of related transactions in which any Subject Entity individually or the Subject Entities in the aggregate is or shall become the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, whether through acquisition, purchase, assignment, conveyance, tender, tender offer, exchange, reduction in outstanding shares of Common Stock, merger, consolidation, business combination, reorganization, recapitalization, spin-off, scheme of arrangement, reorganization, recapitalization or reclassification or otherwise in any manner whatsoever, of either (x) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock, (y) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock not held by all such Subject Entities as of the date hereof calculated as if any shares of Common Stock held by all such Subject Entities were not outstanding, or (z) a percentage of the aggregate ordinary voting power represented by issued and outstanding shares of Common Stock or other equity securities of the Company sufficient to allow such Subject Entities to effect a statutory short form merger or other transaction requiring other shareholders of the Company to surrender their shares of Common Stock without approval of the shareholders of the Company; or (C) the issuance of or the entering into any other instrument or transaction by the Company and/or any Subject Entity structured in a manner to circumvent, or that circumvents, the intent of this definition, in which case this definition shall be construed and implemented in a manner otherwise than in strict conformity with the terms hereof to the extent necessary to correct this definition or any portion hereof which may be defective or inconsistent with the intended treatment of such instrument or transaction.

 

(i)     "Group" means a "group" as that term is used in Section 13(d) of the Exchange Act and as defined in Rule 13d-5 thereunder.

 

(j)    "Person" means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity and a government or any department or agency thereof.

 

(k)     "Principal Market" means the Nasdaq Capital Market.

 

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(l)     "Required Holders" means the holders of Notes representing at least sixty-six and two-thirds percent (66 2/3%) of the aggregate principal amount of the Notes then outstanding.

 

(m)     “Required Stockholder Approval” means the approval by the Company’s stockholders of a proposal approving the conversion rights of the Notes at the Company’s next annual meeting of stockholders (the “Required Stockholder Approval”).

 

(n)     "SEC" means the United States Securities and Exchange Commission.

 

(o)     "Securities Purchase Agreement" means that certain securities purchase agreement, dated [January _____,] 2019, by and among the Company and the purchasers of the Notes pursuant to which the Company issued the Notes.

 

(p)     "Subject Entity" means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.

 

(q)    "Trading Day" means any day on which the Common Stock is traded on the Principal Market, or, if the Principal Market is not the principal trading market for the Common Stock, then on the principal securities exchange or securities market on which the Common Stock is then traded; provided that "Trading Day" shall not include any day on which the Common Stock is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York Time).

 

(24)     DISCLOSURE. In the event that the Company believes that a notice contains material, nonpublic information relating to the Company or its subsidiaries, the Company so shall indicate to such Holder contemporaneously with delivery of such notice, and in the absence of any such indication, the Holder shall be allowed to presume that all matters relating to such notice do not constitute material, nonpublic information relating to the Company or its subsidiaries.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the Company has caused this Note to be duly executed as of the Issuance Date set out above.

 

 

	
			 

				
			CESCA THERAPEUTICS INC.

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			 

				
			Name: 

				
			 

			
	
			 

				
			 

				
			Title: 

				
			 

			

 

 

 

 

EXHIBIT I

CESCA THERAPEUTICS INC.

CONVERSION NOTICE

 

Reference is made to the Convertible Promissory Note (the "Note") issued to the undersigned by CESCA THERAPEUTICS INC., a Delaware corporation (the "Company"). In accordance with and pursuant to the Note, the undersigned hereby elects to convert the Conversion Amount (as defined in the Note) of the Note indicated below into shares of Common Stock par value $0.001 per share (the "Common Stock") of the Company, as of the date specified below.

 

	
			Date of Conversion:  

				 

 

	
			Aggregate Conversion Amount to be converted:  

				 

 

	
			Please confirm the following information:

			

 

	
			Conversion Price:  

				 

 

	
			Number of shares of Common Stock to   

			be issued:

				 

 

	
			Please issue the Common Stock into which the Note is being converted in the following name and to the following address:

			

 

	
			Issue to:   

				 
	 	 
	 	 
	 	 
	 	 

 

	
			Facsimile Number:   

				 

 

	
			Authorization:   

				 

 

	
			By:   

				 

 

	
			Title:   

				 

 

	
			Dated:   

				 

 

	
			Account Number:   

				 

	
			  (if electronic book entry transfer)

				 

 

	
			Transaction Code Number:  

				 

	
			  (if electronic book entry transfer)

				 
	 	 
	
			Installment Amounts to be reduced and amount

			of reduction:                                                       

				 

 

 

 

 

ACKNOWLEDGMENT

 

The Company hereby acknowledges this Conversion Notice and hereby directs [its transfer agent] to issue the above indicated number of shares of Common Stock in accordance with the Transfer Agent Instructions dated  __, 20___ from the Company and acknowledged and agreed to by [transfer agent].

 

 

	
			 

				
			CESCA THERAPEUTICS INC.

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			 

				
			Name:

				
			 

			
	
			 

				
			 

				
			Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]